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  • #756,901
  • Feb 11, 2013 4:38am Feb 11, 2013 4:38am
Quoting math_GB
I can't long it dunno why... The stops below 1.3350 have not been hit yet... Short EJ @124.95 stop @BE

Looks like U/J wants to go higher.
  • #756,902
  • Feb 11, 2013 4:44am Feb 11, 2013 4:44am
OK, I'd like to share a common failure which I keep doing and expect different results at every attempt.

This morning I took an EJ short @124.60 around 9:30 UK time, it is usual that around that time of the day up untill 10:00 am UK time, some direction is set for the mid day and actually if you take a position around the time I keep on taking, it is most of the time an incorrect entry, it has neither bottomed or topped.... One should either make up its mind before the move starts latest around 9:05-9:15 and stay with the position with an SL of his/her choice or wait untill 10:00 am UK time to analyse the current direction of the pair whichever he/she wants to trade.
  • #756,903
  • Feb 11, 2013 4:46am Feb 11, 2013 4:46am
Quoting Ken A
Looks like U/J wants to go higher.
Yes out with +10
  • #756,904
  • Feb 11, 2013 4:46am Feb 11, 2013 4:46am
Quoting JamZ115
Quite thinking same but at the moment she confusing.... what you say..?
As a trader... you have to pick a bias. Many would and will say... "trend is your friend" and all that garbage.
They will never say the second part of the sentence.... "trend is your friend when you know what trend will make you money"

So... unfortunately my friend, that will always be up to you. Confusing? Yes... if you've not decided what time frame to trade at.
Are you looking for 5 pips multiple times for a goal of 20 pips a day? Are you looking for 120 pips in one day?
Etc etc...

For me, I trade intra day when I can. So I would like pips in at least 5M / 15M timeframes. For that, I go all the way out to monthly /weekly /daily to tell me that direction, then I zoom in to see what direction it's going in now.

Then I form an opinion... right or wrong. Whatver system you use....

But you will always pick a direction.... and no-one can truly say what the "true" trend is.

Trend = price over time
Time is relative
A pip is only worth it if you know how much you risked to earn it
  • #756,905
  • Feb 11, 2013 4:47am Feb 11, 2013 4:47am
Quoting math_GB
Yes out with +10
Out of my long EJ here.
Got the feeling EU wants to head down soon, so better be safe than sorry
  • #756,906
  • Feb 11, 2013 4:48am Feb 11, 2013 4:48am
Quoting math_GB
OK, I'd like to share a common failure which I keep doing and expect different results at every attempt.

This morning I took an EJ short @124.60 around 9:30 UK time, it is usual that around that time of the day up untill 10:00 am UK time, some direction is set for the mid day and actually if you take a position around the time I keep on taking, it is most of the time an incorrect entry, it has neither bottomed or topped.... One should either make up its mind before the move starts latest around 9:05-9:15 and stay with the position with an SL...

Understood and this pair has never been easy during ranging as it can be lead by both E/U and U/J.
  • #756,907
  • Feb 11, 2013 4:48am Feb 11, 2013 4:48am
E/J 126.50 'ties for short without U/J making new highs..Otherwise waiting for U/J to hit 95 and then short everything what has JPY in it
69
  • #756,908
  • Feb 11, 2013 4:52am Feb 11, 2013 4:52am
what you say about EUR/USD...?
Quoting Likerty
E/J 126.50 'ties for short without U/J making new highs..Otherwise waiting for U/J to hit 95 and then short everything what has JPY in it
If you are brave enough to control your emotions, you can trade well....
  • #756,909
  • Feb 11, 2013 4:52am Feb 11, 2013 4:52am
Quoting math_GB
OK, I'd like to share a common failure which I keep doing and expect different results at every attempt.

This morning I took an EJ short @124.60 around 9:30 UK time, it is usual that around that time of the day up untill 10:00 am UK time, some direction is set for the mid day and actually if you take a position around the time I keep on taking, it is most of the time an incorrect entry, it has neither bottomed or topped.... One should either make up its mind before the move starts latest around 9:05-9:15 and stay with the position with an SL...
Cheers for sharing that bro. Since I'm relatively new to using cross pairs as "indies" that's quite helpful.
Have you ever thought of just adjusting your trade time to be strict at 9:15... or is it too hard to read still at that time?


(BTW... you know what Einstein said about Insanity! )
A pip is only worth it if you know how much you risked to earn it
  • #756,910
  • Feb 11, 2013 4:57am Feb 11, 2013 4:57am
heading of for a few hours back later
green pips buddys
Trade What You See Not What You Want To See
  • #756,911
  • Feb 11, 2013 4:57am Feb 11, 2013 4:57am
one more L and that's it for now.
  • #756,912
  • Feb 11, 2013 4:58am Feb 11, 2013 4:58am
IMO 1.3380 must hold for longs otherwise 1.3325 is the next target.
  • #756,913
  • Feb 11, 2013 4:58am Feb 11, 2013 4:58am
Quoting vlady1974
Cheers for sharing that bro. Since I'm relatively new to using cross pairs as "indies" that's quite helpful.
Have you ever thought of just adjusting your trade time to be strict at 9:15... or is it too hard to read still at that time?


(BTW... you know what Einstein said about Insanity! )
Sometimes it is difficult but you know what you need to do in that case, stay on the sidelines. You don't have to take a position every morning, do you?
  • #756,914
  • Feb 11, 2013 5:01am Feb 11, 2013 5:01am
Quoting attila
one more L and that's it for now.
Yes, took another long at 84.
A pip is only worth it if you know how much you risked to earn it
  • #756,915
  • Feb 11, 2013 5:02am Feb 11, 2013 5:02am
Quoting msetai
5721 short gu

5704 tp

5731 sl
+17
  • #756,916
  • Feb 11, 2013 5:02am Feb 11, 2013 5:02am
Quoting JamZ115
what you say about EUR/USD...?
All the interesting levels are beyond ADR so difficult to call tomorrows levels without todays levels
3510 looks interesting for shorts.. For any further bullish developments it needs to overcome 3398/00 first.. H4 GMT closing after one hour - waiting for that now..
For bears price needs to STAY below 74/72 and 62/00 even better..
69
  • #756,917
  • Feb 11, 2013 5:03am Feb 11, 2013 5:03am
Quoting math_GB
Sometimes it is difficult but you know what you need to do in that case, stay on the sidelines. You don't have to take a position every morning, do you?
Yes. I was meaning more the timeframe to make that decision though. Are you still deliberating between 9 - 9:25 before deciding to place the trade at 9:30? That's what I meant.... so my idea was (if feasible) to just move that forward by some interval.... 15M / 30M? The decision to stay out can still be made... but earlier.
A pip is only worth it if you know how much you risked to earn it
  • #756,918
  • Feb 11, 2013 5:05am Feb 11, 2013 5:05am
3380 short
looking for investors . pm me
  • #756,919
  • Feb 11, 2013 5:08am Feb 11, 2013 5:08am
Quoting vlady1974
Yes. I was meaning more the timeframe to make that decision though. Are you still deliberating between 9 - 9:25 before deciding to place the trade at 9:30? That's what I meant.... so my idea was (if feasible) to just move that forward by some interval.... 15M / 30M? The decision to stay out can still be made... but earlier.
I guess 15 M intervals and taking the pos no later than 9:15 would save me out of some troubled entry
  • #756,920
  • Feb 11, 2013 5:10am Feb 11, 2013 5:10am
Quoting kbmoonshinex
3380 short
Dunno... looking for 74 to hold! But you da man!
A pip is only worth it if you know how much you risked to earn it
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