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  • #744,361
  • Jan 10, 2013 11:21am Jan 10, 2013 11:21am
23 did not hold as it looks like, next was 35/40 what i suspected previously.

If that gets slaughtered, then dollar index will be devastated.
They think they are smarter than I am.
  • #744,362
  • Jan 10, 2013 11:24am Jan 10, 2013 11:24am
Quoting MaxDoom
73 then maybe 55

but I will kill it if it plays up

No stop ??

I went short again, and this is hurting now.
  • #744,363
  • Jan 10, 2013 11:27am Jan 10, 2013 11:27am
i think short not good idea
  • #744,364
  • Jan 10, 2013 11:28am Jan 10, 2013 11:28am
Quoting erwdaa
i think short not good idea
It is all about cable hunting stops.

It targets around yet 0.3% gain for intraday and drags euro along.
They think they are smarter than I am.
  • #744,365
  • Jan 10, 2013 11:30am Jan 10, 2013 11:30am
Quoting DaEdge
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...


I think I can say, that I am maybe the one who knows most about Mercy here in FF.


Some words to his defense:

Mathematical his "system" can work. If you start your positions at the first S or R levels very very tiny, you can add later to your position with really "huge" amounts.

If the first tiny position goes into your direction, chance is high, that it runs many pips into your direction.

But when one S/R level after the other got taken out, chances grow, that you are simply wrong, but evenso chances grow, that the instrument may get a retracement of some pips. On the S/R levels far away from daily roll or daily pivot you place the huge amounts.


In doing so, you can be, at the end, profitable.



Some words of critique:


a) it is not clear, if he starts his positioning every time with this tiny amounts (but would explain, why he is here 24/6)

b) by advertising such a method, or constantly flooding the threads with his trades, it would be only fair, when he would openly talk a bit about position sizing/money management (but I have never heard such things from him)

c) most people here have no idea, how tiny the first positions have to be in order to keep the drawdown manageable

d) newbies will follow him, because he (very) seldomly post losses. Following him, without understanding his intentions for a trade, without knowing something about his moneymanagement, without understanding his method and tables, is a very good recipe for desaster. Since he posts hundreds of postings every week, advertising his trades, it would/should be only fair to explain his trades (e.g.: this is a scalp, this is a trade for xy pips etc.). But he nearly never talks about targets. By following him blindly, some members here are suprised, how quickly Mercy can change mind and so position, leaving them holding the bag.




Stick to your own method, your own moneymanagement. If you like to follow someone, ask the right questions beforehand........
  • #744,366
  • Jan 10, 2013 11:31am Jan 10, 2013 11:31am
Quoting attila
I am long finga' on the button..
he who trades against me will perish.. just kidding..

took some off.
  • #744,367
  • Jan 10, 2013 11:31am Jan 10, 2013 11:31am
This is crazy.

If 42/43 doesnt hold then I dont think we'll be seeing retrace in this session.
  • #744,368
  • Jan 10, 2013 11:31am Jan 10, 2013 11:31am
Quoting ill_be_back
shorts
eu 1.32228
gu 1.61233
au 1.05771
stop out on 2
au left
A good trader follows his rules, but great trader knows when to break them
  • #744,369
  • Jan 10, 2013 11:31am Jan 10, 2013 11:31am
I am long and loving it, but this really is getting mindless. EURJPY is up 1.72%! That's just plain crazy.

And it's driving the EURO right along with it (as well as the other crosses).
  • #744,370
  • Jan 10, 2013 11:32am Jan 10, 2013 11:32am
we are not the killers, it's those big men like Warren Buffett, Bill Gate, e.t.c who can make billion dollars within 2 hours or so. They will beat the crap out of usd in the stock market. I'm still holding on this pair 110 pips, now.
  • #744,371
  • Jan 10, 2013 11:32am Jan 10, 2013 11:32am
watching if a short is in order now that they've got their high..
  • #744,372
  • Jan 10, 2013 11:33am Jan 10, 2013 11:33am
Quoting Turhovach
I am long and loving it, but this really is getting mindless. EURJPY is up 1.72%! That's just plain crazy.
in this game if u think crazy u win
A good trader follows his rules, but great trader knows when to break them
  • #744,373
  • Jan 10, 2013 11:33am Jan 10, 2013 11:33am
Quoting Turhovach
I am long and loving it, but this really is getting mindless. EURJPY is up 1.72%! That's just plain crazy.

And it's driving the EURO right along with it (as well as the other crosses).
I chased that e/j for days and couldn't get in..
  • #744,374
  • Jan 10, 2013 11:35am Jan 10, 2013 11:35am
Quoting Turhovach
I am long and loving it, but this really is getting mindless. EURJPY is up 1.72%! That's just plain crazy.

And it's driving the EURO right along with it (as well as the other crosses).
And eurusd around 1.45%. 1.50% and i look short.
They think they are smarter than I am.
  • #744,375
  • Jan 10, 2013 11:38am Jan 10, 2013 11:38am
it is 205 pips AV moves today, and EU try to up again !
  • #744,376
  • Jan 10, 2013 11:41am Jan 10, 2013 11:41am
Quoting Avir
I am not sure if i posted one of this screen shot here on the 8th but definitly did in Twitter, the price only hit the bottom target on the new chart , i am looking at 3244 for today at least. Fingers crossed
That is my 44 and my TP, now i sit on my hands for a bit
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #744,377
  • Jan 10, 2013 11:41am Jan 10, 2013 11:41am
+120 pips now, and still holding at 1.3245.
  • #744,378
  • Jan 10, 2013 11:41am Jan 10, 2013 11:41am
Quoting attila
I know... let me know how it goes.. I prefer to take opposite positions on u/cad if I want to hedge.. Problem is I'm trying to catch a longer term trade, and e/j's been moving around 114.7596 like a mofu.. that's the level I'm watching for long up to 117. Besides, because my acc. is in USD, this would pay nicely..

And I almost had it... arghhh...
  • #744,379
  • Jan 10, 2013 11:41am Jan 10, 2013 11:41am
today's move is impressive... not sure why so much so suddenly; we had draghi, but what really changed since last week....

Big up on Fiscal Cliff, then big down, now big up... i dont know how to make sense out of this...
  • #744,380
  • Jan 10, 2013 11:43am Jan 10, 2013 11:43am
Quoting divak
today's move is impressive... not sure why so much so suddenly; we had draghi, but what really changed since last week....

Big up on Fiscal Cliff, then big down, now big up... i dont know how to make sense out of this...
It never makes sense, which is why I just watch the charts and for the most part ignore the loony fundamentals.
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