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  • #744,321
  • Jan 10, 2013 10:00am Jan 10, 2013 10:00am
Quoting magicgate
Everybody has its own strategy, IMO Mercy does not need coaching

I do not use sl iether, but I am loading my shorts from 3210
Exactly.... from my experience Mercy Seat is a Position Builder... he adds trades more and more...
hes building up his shorts....
different people different trading style....

besides that 600 or so pips that GlobalMacro or whoever is claiming.... could be insignificant in Mercy seat's eyes...

600 pip drawdown might be 1% of mercy's account lol....

YOU NEVER KNOW....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #744,322
  • Jan 10, 2013 10:00am Jan 10, 2013 10:00am
Quoting GlobalMacro
I hope today you learned your lesson well.
Hopefully you did NOT get a margin call today.

You sold 1.3060s,
you sold 1.3070,
you sold 1.3100,
you sold 1.3120.....your average is around 1.3090
and you you did that more than 5 or 6 times...
E/U is now @ 1.3219 and you're now down around -129 * 5 = 645 pips....this is insane!!!

Stop adding to your losing positions and start using stop loss and
most importantly:

Learn to trade properly and stop advertising this nonsense here on the forum.
I also noticed when he/she keep adding fuel to the market flame yesterday hahaha lol
Mercy seat was a good trader dooo!
  • #744,323
  • Jan 10, 2013 10:00am Jan 10, 2013 10:00am
Quoting pips-scout
It can have a little spring on its step on the last 5-10 min
london close. usually has been taking out tops and bottoms after london goes for the pint.
  • #744,324
  • Jan 10, 2013 10:01am Jan 10, 2013 10:01am
Quoting behnak
EURUSD

waiting for the final rally to 1.3185 and then down to 1.2880 with AB=CD pattern

http://charts.mql5.com/1/63/eurusd-h...ities-co-2.png
Now we are at the C point .
Lets see if pattern will work properly or not
  • #744,325
  • Jan 10, 2013 10:02am Jan 10, 2013 10:02am
Quoting magicgate
Everybody has its own strategy, IMO Mercy does not need coaching

I do not use sl iether, but I am loading my shorts from 3210
That's what I'm talking about.

This is not a strategy being down more than 160 pips and adding
to losing positions perpetually.

Worst of all he's advertising this on this forum where there are
a lot of new traders who believe in this nonsense.

Yes, He definitely needs coaching!
Hear the music before the song is over ...
  • #744,326
  • Jan 10, 2013 10:02am Jan 10, 2013 10:02am
Quoting pips-scout
london close. usually has been taking out tops and bottoms after london goes for the pint.
lse closes in 28 minutes...
  • #744,327
  • Jan 10, 2013 10:04am Jan 10, 2013 10:04am
Quoting fxtyrant
Exactly.... from my experience Mercy Seat is a Position Builder... he adds trades more and more...
hes building up his shorts....
different people different trading style....

besides that 600 or so pips that GlobalMacro or whoever is claiming.... could be insignificant in Mercy seat's eyes...

600 pip drawdown might be 1% of mercy's account lol....

YOU NEVER KNOW....
Haha...

Yea maybe 600pips is just 1% of his account.
RM
  • #744,328
  • Jan 10, 2013 10:04am Jan 10, 2013 10:04am
Was short at 1.3185 (-31pips)

Trying one more short at 1.32050

looking for it to fall below 1.3200 floor on the 5m and 15m charts
  • #744,329
  • Jan 10, 2013 10:04am Jan 10, 2013 10:04am
Quoting dbest
I also noticed when he/she keep adding fuel to the market flame yesterday hahaha lol
Mercy seat was a good trader dooo!
Please reply, let here the good side of your story.

Cant just stop >>>
  • #744,330
  • Jan 10, 2013 10:08am Jan 10, 2013 10:08am
Quoting attila
yes.
kk.. bunch a thanks, chief.
  • #744,331
  • Jan 10, 2013 10:14am Jan 10, 2013 10:14am
Trying a short from 3216 SL HOD. Wish me luck
  • #744,332
  • Jan 10, 2013 10:16am Jan 10, 2013 10:16am
sorry, i can't upload pic because it takes a long time. If we are looking at 4 hr chart on Eur/usd we can see that it's forming another shoulder, which can be a much higher shoulder. The pair will likely to play around 1.330. So all we need now is to be patient. Debt ceiling will be another chance for us to make profit. And hoping that all the forex elders will give me a great signal.
  • #744,333
  • Jan 10, 2013 10:16am Jan 10, 2013 10:16am
Long at 210, just to catch any spike into the Europe close. Will close trade or very tight S/L after 16:30
  • #744,334
  • Jan 10, 2013 10:24am Jan 10, 2013 10:24am
No point to add a position to wait a move right now. Now, listen up kidz:

It can go either way while there are no really substantial bids or offers so close to market price on this pair. It may drop or spike or just consolidate unknown amount of time to hit them and likely by some other flows, like in cable or euro-sterling.

Better to wait a move and then add position at proper level.
They think they are smarter than I am.
  • #744,335
  • Jan 10, 2013 10:27am Jan 10, 2013 10:27am
Bit off topic but looking for some more profit overnight shorting the Yen, rumored government stimulus announcement will put further pressure on the Yen

http://www.usatoday.com/story/money/...mulus/1822669/
  • #744,336
  • Jan 10, 2013 10:28am Jan 10, 2013 10:28am
Quoting behnak
Now we are at the C point .
Lets see if pattern will work properly or not
is this a six hour chart. Cuz the 40/50 ish is all i see in my hourly chart
Keep the Lights on then you can catch the rise from the dark.
  • #744,337
  • Jan 10, 2013 10:29am Jan 10, 2013 10:29am
Quoting fxtyrant
Exactly.... from my experience Mercy Seat is a Position Builder... he adds trades more and more...
hes building up his shorts....
different people different trading style....

besides that 600 or so pips that GlobalMacro or whoever is claiming.... could be insignificant in Mercy seat's eyes...

600 pip drawdown might be 1% of mercy's account lol....

YOU NEVER KNOW....
It really depends on how long he's looking to hold these trades and what his target is. I generally use roughly a 200 pip range depending on volatility of the pair to build positions & I look to hold them for a couple of weeks at least. Maybe he's looking for parity who knows. Most people don't understand it's not adding to losing trades when your building a position because you're lowering your size & you have predetermined areas where your looking to add but you factor all this in before you start so your lot size per add in is only a small portion of your stop loss.
It works till it doesn't
  • #744,338
  • Jan 10, 2013 10:34am Jan 10, 2013 10:34am
Quoting attila
lse closes in 28 minutes...
Off course it's 4:30 pm. I live here.
I was on about the close of the 1h 4h candle then
They gone now show us what you got nyse
  • #744,339
  • Jan 10, 2013 10:37am Jan 10, 2013 10:37am
Hi

what a nice trend ..... just a question if someone could help , i spend my afternoon to look at euro going up , and cannot find a retracement to open a safe long position , does someone has a link , to find smart momentum entry setup please ...
im not asking for a signal setup , im just looking for a momentum entry setup if possible just based on price action , normally im always using Fibo retracement to open a position , but like this afternoon no retracement .... there is somewhere a solution ,or at least the begining of a solution

Thank's in advance

Landsat
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #744,340
  • Jan 10, 2013 10:45am Jan 10, 2013 10:45am
Quoting landsat
Hi

what a nice trend ..... just a question if someone could help , i spend my afternoon to look at euro going up , and cannot find a retracement to open a safe long position , does someone has a link , to find smart momentum entry setup please ...
im not asking for a signal setup , im just looking for a momentum entry setup if possible just based on price action , normally im always using Fibo retracement to open a position , but like this afternoon no retracement .... there is somewhere a solution ,or at least the begining of a solution

Thank's...
It's quite simple really, you have to decide whether you are conservative or aggresive. If you are conservative, and the price does not retrace, then you must sit on your hand and do nothing if you are not already in. If you are aggresive, then you can buy the breakout of today's high (13123) or Tuesday high of 13139, but be prepared for the drawdown in most circumstances....Strong one-way price action like today only happens perhaps 20% of the time, so if you are prepared to suffer the drawdown for the remaining 80%, then you can be more aggresive... otherwise, sit on your hand now and look to buy dips towards 13150/60 area....
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