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EURUSD

  • #736,621
  • Dec 20, 2012 5:35am Dec 20, 2012 5:35am
Quoting Ken A
Out of curiosity, don't take it the wrong way, what made you change your bullish views?
No mate, I have not changed it one single bit. We came from 1.3185 up to 1.3268 in less than 12 hours... I just wanted to benefit from a possible mini correction. I am hoping to jump on board soon just as close as possible to 1.3240s...
  • #736,622
  • Dec 20, 2012 5:36am Dec 20, 2012 5:36am
Quoting yelena
sell stop order, not sell short stop order? meaning, all long positions will exit at 3200 (if, and when), oui?

yes reverse
Wolves don't lose any sleep over the opinion of the sheep.
  • #736,623
  • Dec 20, 2012 5:37am Dec 20, 2012 5:37am
Quoting MaxDoom
you are fighting the trend again

be careful
Sometimes it's better to be wrong,to learn..
  • #736,624
  • Dec 20, 2012 5:38am Dec 20, 2012 5:38am
Quoting math_GB
No mate, I have not changed it one single bit. We came from 1.3185 up to 1.3268 in less than 12 hours... I just wanted to benefit from a possible mini correction. I am hoping to jump on board soon just as close as possible to 1.3240s...
EUR/JPY & EUR/USD 4H.

Don't see signs of weakness in the absence of bad news either from BOJ, F Cliff or from EZ.


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  • #736,625
  • Dec 20, 2012 5:42am Dec 20, 2012 5:42am
Quoting KiwiTrada
hey bro yep agreed, but I am happy to trade weakness geppy retesting now,

having trouble with internet, t stick crapped out earlier today, now using hotel wifi, is crap also, keeps disconnecting

kiwi and aussie been my breadwinner so far this week, but have also built positin on cable and eu, they under threat just now, waiting usa open before next move

ps may try small one geppy
kiwi ,

i can see your already in 21-12-12


@ max
thanks for the info
Mohan
  • #736,626
  • Dec 20, 2012 5:43am Dec 20, 2012 5:43am
There likely will be no room for small dip before breaking upside. So buy stops are at 70/75 for sure.

If it breaks down, it goes some whole way down to 50 which i doubt right now.
They think they are smarter than I am.
  • #736,627
  • Dec 20, 2012 5:45am Dec 20, 2012 5:45am
Looks like this bullish move from 1.318x is starting to run out of steam and looks like we could move down further from here, thats my view anyway
  • #736,628
  • Dec 20, 2012 5:47am Dec 20, 2012 5:47am
Quoting Pitt Bull
So I think I did the Big misstake, by not hedging the sell positions right. I only bought 1 Lot by one Lot and Sold
It After 20 pips. I should have bought So many buy Orders eaqualy or eaven higher than the amount of sell positions.

For now maybe i have to think in Breake Points, if it goes Down under 1.32 sell the Buy positions and Hope for further Down Trend... And that is where the funding comes in Place, When I have more marging I can Hedge better when the Trend goes against me?

Regarding the EA my original EA is working fine....
If you want my advice , my opinion is you keep your Long position opened up till 1.33800 - there you will start increase your Selling position by 5 % per total size position. Your Long position must stay open as an insurance that you will be wrong and price keeps claiming up ! There, if i'm right and this move is entering the new range between 1.29800 and 1.34800 - price should start hang over near 1.332X , 1.338X , 1.348X ! The trick is to slowly and patiently offset the long position with a slight increase in selling positions from higher price ...

If this upward move doesn't not reach higher that 1.332- and price moves down , you margin will start to be freed automatic from the loses and Long position should be kept on BE - with few pips. But this method will require you sometime and effort trying to manage the margin correct and keep an eye on the bigger time frame - but it's worth it , if you are talking about 1 month work worth at least 16 K

And instead of closing the selling positions - you can take half of the position and headge it , if you price goes up loses will be decresed and your margin is protect. if not , you will get double the money...
The reversal bell has already been hit yesterday and its just a matter of days to the fact to be delivered ..
"It's the Margin, Stupid."
  • #736,629
  • Dec 20, 2012 5:48am Dec 20, 2012 5:48am
Quoting Z3iz3i
There likely will be no room for small dip before breaking upside. So buy stops are at 70/75 for sure.

If it breaks down, it goes some whole way down to 50 which i doubt right now.
Yeah still looks bullish but doesnt hurt to be prepared...
  • #736,630
  • Dec 20, 2012 5:51am Dec 20, 2012 5:51am
Quoting attila
It is not out of the question, NY will wanna check that top tomorrow.
morning traders, muppets and good morning mr. doom. maybe you should make it a routine to read my last post of the day..there is one ugly motherfucker right below this post so I don't advise clicking on it.... I guess you will anyway now...
  • #736,631
  • Dec 20, 2012 5:52am Dec 20, 2012 5:52am
Quoting Vachus
If you want my advice , my opinion is you keep your Long position opened up till 1.33800 - there you will start increase your Selling position by 5 % per total size position. Your Long position must stay open as an insurance that you will be wrong and price keeps claiming up ! There, if i'm right and this move is entering the new range between 1.29800 and 1.34800 - price should start hang over near 1.332X , 1.338X , 1.348X ! The trick is to slowly and patiently offset the long position with a slight increase in selling positions from higher price...

That is a good Point of view! I have not thought about that. Holding the Buys positions as Insurance and Buy sell positions at " the Top " cool Thanks!

But for sure I need to fund the Account to survive Till 1.3480 but this is no problem.

Thanks you very much for opening my mind to this idea!

The second Part I did not understand - I am a Bit Short minded, thats why I Trade FOREX :-)

But if I read ist a few Times , I might get it ;-)

Pitt Bull
  • #736,632
  • Dec 20, 2012 5:52am Dec 20, 2012 5:52am
Quoting MaxDoom
morning 21 how is it going?

starting to look like a test of 3309 on the cards, which is good because I have more bubbles above
I hope you're right, Max. We have to confirm close north of 1.32810 first. If that happens, then 1.3309 should be eminently do-able.
  • #736,633
  • Dec 20, 2012 5:53am Dec 20, 2012 5:53am
Quoting attila
morning traders, muppets and good morning mr. doom. maybe you should make it a routine to read my last post of the day..there is one ugly motherfucker right below this post so I don't advise clicking on it.... I guess you will anyway now...
morning attila,

I see that you are in a fine mood ready to reap havoc
  • #736,634
  • Dec 20, 2012 5:55am Dec 20, 2012 5:55am
Quoting Vectamart
I hope you're right, Max. We have to confirm close north of 1.32810 first. If that happens, then 1.3309 should be eminently do-able.
well if it does not come to pass the pot is still full, since I am long from 25

if it fails - I have some targets below I will mention later
  • #736,635
  • Dec 20, 2012 5:55am Dec 20, 2012 5:55am
Quoting attila
morning traders, muppets and good morning mr. doom. maybe you should make it a routine to read my last post of the day..there is one ugly motherfucker right below this post so I don't advise clicking on it.... I guess you will anyway now...
Lol thats just gross...Obv when u said dont click it i insta did it.
  • #736,636
  • Dec 20, 2012 5:56am Dec 20, 2012 5:56am
Quoting MaxDoom
you are fighting the trend again

be careful
Max is so right. With respect, unless you are an accomplished scalper, trading against the trend is most ill-advised and frequently results in getting burned.
  • #736,637
  • Dec 20, 2012 5:57am Dec 20, 2012 5:57am
Quoting Pitt Bull
That is a good Point of view! I have not thought about that. Holding the Buys positions as Insurance and Buys sell positions at " the Top " cool Thanks!

But for sure I need to fund the Account to survive Till 1.3480 but this is no problem.

Thanks you very much for opening my mind to this idea!

Pitt Bull
This is also an option , but you need to calculate acurrently the average price of opened selling position and average buying positions- and what's the offsetting percentage. Just when you add selling positions don't get over excited and add every 10 pips.
"It's the Margin, Stupid."
  • #736,638
  • Dec 20, 2012 5:59am Dec 20, 2012 5:59am
Quoting MaxDoom
well if it does not come to pass the pot is still full, since I am long from 25

if it fails - I have some targets below I will mention later
  • #736,639
  • Dec 20, 2012 5:59am Dec 20, 2012 5:59am
Quoting Alexone
Lol thats just gross...Obv when u said dont click it i insta did it.
It's called reversed psychology.. We have to be able to not do what we feel like doing.. That's how the Market fucks us.. That was the first lesson of the day... LOL.
  • #736,640
  • Dec 20, 2012 6:00am Dec 20, 2012 6:00am
Quoting attila
morning traders, muppets and good morning mr. doom. maybe you should make it a routine to read my last post of the day..there is one ugly motherfucker right below this post so I don't advise clicking on it.... I guess you will anyway now...
You got lucky , it happens
"It's the Margin, Stupid."
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