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EURUSD

  • #734,381
  • Dec 18, 2012 2:44am Dec 18, 2012 2:44am
Quoting gatorinla
it is. i was looking for something stronger at 3156... we have a red spinner on the 5est close D. in 2 hours -65 close could be less bullish. a red day followed by a red 12h.. its less reliable then 3156 would have been last h followed by a close even lower is 2 hours. . i wanted decisive strength on way or the other. we dont have it.
Got it, thanks for the info.
Would you consider yesterday's D more interesting than then A from 14Dec-High to 17Dec-Low? Those two hourly bars that rejected there the past 8 hours seem quite telling?
  • #734,382
  • Edited 2:55am Dec 18, 2012 2:44am | Edited 2:55am
Quoting math_GB
Thanks for taking the time Max. My short term view is slightly bullish, the idea of entering multiple entries is such that, I am not good at picking good entry levels, I don't want to miss the opportunity either. So, so far most of the time I try to build an average cost and once it is settled, I put my daily SL limit 20 pips and try to run the position. I never suggested to build position as soon as the price hits below 1.3150, I am watching the PA and try to make sure it bottomed temporarily then enter the position. But you are right, especially...
I think basically what you're doing is fine.. but the rational may be beyond comprehension for some here..
You are trading with conviction based on your bias.. your scale in & the risk exposure is within your risk temperament.. that in a nutshell is a prefer way to trade for survival & taking money out of the market over time vs anticipating tops & bottom & adding to losers..


"Anticipation is the mother of all FX Evil..
He who keep anticipating bottoms, gets piece on Earth..
He who keep anticipating tops, gets peace in Heaven.." Fx_ConfusCius..
  • #734,383
  • Dec 18, 2012 2:46am Dec 18, 2012 2:46am
Quoting Ken A
Pay attention to news re Fiscal Cliff. Good news, nothing is going to stop the last bull run of the year. Bad news, tight range.
considering the timing, the deal, if any, wont be an optimal one... it will still delay some problems at a later date.
  • #734,384
  • Dec 18, 2012 2:47am Dec 18, 2012 2:47am
Quoting ill_be_back
we have already seen that, with the guy who is 8k underwater
OUCH!!!
  • #734,385
  • Dec 18, 2012 2:48am Dec 18, 2012 2:48am
Quoting Sti
Got it, thanks for the info.
Would you consider yesterday's D more interesting than then A from 14Dec-High to 17Dec-Low? Those two hourly bars that rejected there the past 8 hours seem quite telling?
post a chart.. with arrows. so we are looking at the same thing
those who can, do. those who cant, talk about those who can
  • #734,386
  • Dec 18, 2012 2:48am Dec 18, 2012 2:48am
Quoting KillerWhale
I would def. not go long here.
I never know with u...is this trolling or do u firmly believe that?
  • #734,387
  • Dec 18, 2012 2:51am Dec 18, 2012 2:51am
Quoting gatorinla
post a chart.. with arrows. so we are looking at the same thing
Pardon my levels, they are slightly of yours... reverse-engineerd
Attached Image (click to enlarge)
Click to Enlarge Name: 20121218_02.jpg Size: 153 KB
  • #734,388
  • Dec 18, 2012 2:51am Dec 18, 2012 2:51am
i am expecting same too...
Quoting KiwiTrada
no bears mmmm bro you looking to load up longs just below previous bear stomping ground, why not wait until bulls have at least get above previous high
I not saying her going up or down, just there are better places to build long position

I think sometime it better to work higher timeframe down to lower timeframe sorting levels of interest, opening smaller timeframes and deciding levels only is suicide

i am short
follow the flow of music $
  • #734,389
  • Dec 18, 2012 2:54am Dec 18, 2012 2:54am
Quoting math_GB
Clearly understood mate.. Many thanks for taking the time to respond. It is great how you guys deal with newbees like me self. Thank you...
no worries, is what thread is all about, got some interst brit data coming up in 40min, could be a real game changer, not so much the importance but nice little cluster,
biggest interest is gov to be replaced next year, really has nothing to lose, and effectively no accountability, so could be prime opportunity to rattlee a skelleton and really stuff up the markets, I know I would, actually looks like printing as typing back after 10 30
If you are new to Forex? Say Goodbye to your account!!
  • #734,390
  • Dec 18, 2012 2:58am Dec 18, 2012 2:58am
this PA is just a nightmare

EDIT : lol the candle cooking
  • #734,391
  • Dec 18, 2012 2:59am Dec 18, 2012 2:59am
Quoting divak
this PA is just a nightmare
it's building stop @ boh side , if it breake it can make monster move
Mohan
  • #734,392
  • Dec 18, 2012 3:00am Dec 18, 2012 3:00am
Quoting cdndollar
I think basically what you're doing is fine.. but the rational may be beyond comprehension for some here..
You are trading with conviction based on your bias.. your scale in & the risk exposure is within your risk temperament.. that in a nutshell is a prefer way to trade for survival & taking money out of the market over time vs anticipating tops & bottom & adding to losers..


"Anticipation is the mother of all FX Evil..
He who keep anticipating bottoms, gets piece on Earth..
He who keep anticipating tops, gets peace in Heaven.."...
difference of opinion and comprehension are two different things, and scaling in negatively only works if you are right in the end enough times to cover it, but I would not expect some people on here to understand that
  • #734,393
  • Dec 18, 2012 3:01am Dec 18, 2012 3:01am
Quoting divak
considering the timing, the deal, if any, wont be an optimal one... it will still delay some problems at a later date.
No point arguing. Better work on your exit plan and be prepared for the worst.
  • #734,394
  • Dec 18, 2012 3:01am Dec 18, 2012 3:01am
Quoting mohan76
it's building stop @ boh side , if it breake it can make monster move
I think so too..but its boring to watch them playing around in small range
Patience, Emotion Control and Discipline.
  • #734,395
  • Dec 18, 2012 3:01am Dec 18, 2012 3:01am
Morning all,
Scalping this morning.
Long @ 58.
+12 pips fully loaded.
Only way to get action from this PA.
A pip is only worth it if you know how much you risked to earn it
  • #734,396
  • Dec 18, 2012 3:02am Dec 18, 2012 3:02am
Quoting Ken A
No point arguing. Better work on your exit plan and prepared for the worst.
exit plan? for 2 mini contracts? lol they can bring it to 1.50 it wont hurt me
  • #734,397
  • Dec 18, 2012 3:03am Dec 18, 2012 3:03am
morning all
Trade What You See Not What You Want To See
  • #734,398
  • Dec 18, 2012 3:04am Dec 18, 2012 3:04am
[quote=divak;6303599]exit plan? for 2 mini contracts? lol they can bring it to 1.50 it wont hurt me[/QUOTE]

wrong strategy
Mohan
  • #734,399
  • Dec 18, 2012 3:05am Dec 18, 2012 3:05am
[quote=mohan76;6303607]
Quoting divak
exit plan? for 2 mini contracts? lol they can bring it to 1.50 it wont hurt me[/QUOTE]

wrong strategy
......
it's an expression, meaning, even at that level, that wouldnt hurt my account...
  • #734,400
  • Dec 18, 2012 3:06am Dec 18, 2012 3:06am
[quote=divak;6303612]
Quoting mohan76

......
it's an expression, meaning, even at that level, that wouldnt hurt my account...
meaning either ur account is billions dollars,and u have mini lots(so its not gonna hurt you)
Or its just a bullshiet,cause u dont make any money in this case
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