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  • #764,321
  • Feb 26, 2013 10:55am Feb 26, 2013 10:55am
minor 10 minis for scalping long...
  • #764,322
  • Feb 26, 2013 10:55am Feb 26, 2013 10:55am
Quoting Blacknightz
Agreed...


Current levels have yet to make lower low... may happen today or tmrw, but correction downtrend is still ongoing...

Look for 117.504 for next Target...

Short from 15min or 1 hr charts after they hit ceiling...
Yep, I got 117.4. 121.30 pivot held for five consecutive candles.
When the facts change I change my mind, what do you do sir
  • #764,323
  • Feb 26, 2013 10:55am Feb 26, 2013 10:55am
Quoting math_GB
Wait untill the dust settles... Are you insane enough to trade it now...?


if we discard all wizardly "methods", sometimes simple things appear: today, after initial movement caused by the bearded one, price began to pivot the daily open, and has done so w/great symmetry for nearly 2 hours now ... what could be simpler to trade? (am referring to .eu btw)

sometimes it helps to be simple minded

(ps: i am not saying this will continue)
  • #764,324
  • Feb 26, 2013 11:04am Feb 26, 2013 11:04am
Bernanke stuff may halt fall of EU
  • #764,325
  • Feb 26, 2013 11:06am Feb 26, 2013 11:06am
Quoting Pip Anon
Yep, I got 117.4. 121.30 pivot held for five consecutive candles.

Sweetz... love when it is in tandem with others...


Those wanting to short... SUPER RISKY but maybe well worth it..

1hr chart is opening up... look to 15min chart to enter your short...


those with low margin, wait for another day...
  • #764,326
  • Feb 26, 2013 11:07am Feb 26, 2013 11:07am
dont know what happened during us session. price stuck. or may be the euro already low?
Everything in the world has its own rhytms
  • #764,327
  • Feb 26, 2013 11:07am Feb 26, 2013 11:07am
Quoting Cjh
Not sure how but just got -70 pips on 7 short ej scalps, all my hard work today down the toilet

if you dont use SL, just make sure to manage your equity...should know health point of equity VS risk....sometimes ive lost 80% HP of my equity, but its still take control and finally make profit 5-10%... that my another advise..hope it will help you a little
  • #764,328
  • Feb 26, 2013 11:09am Feb 26, 2013 11:09am
Quoting Blacknightz
Sweetz... love when it is in tandem with others...


Those wanting to short... SUPER RISKY but maybe well worth it..

1hr chart is opening up... look to 15min chart to enter your short...


those with low margin, wait for another day...
I wouldn't short now and wait to play out. Yen has stalled. Dollar recovered early loss, maybe this will get the euro moving
When the facts change I change my mind, what do you do sir
  • #764,329
  • Feb 26, 2013 11:10am Feb 26, 2013 11:10am
Quoting Pip Anon
Yep, I got 117.4. 121.30 pivot held for five consecutive candles.
It is untradable at the moment. You can't short here or go long unless you have 300 pips SL.
  • #764,330
  • Feb 26, 2013 11:10am Feb 26, 2013 11:10am
After a big move it is typical for a little pull back and then the market will breathe before making next move or going flat
  • #764,331
  • Feb 26, 2013 11:11am Feb 26, 2013 11:11am
Quoting LeeNoa
if you dont use SL, just make sure to manage your equity...should know health point of equity VS risk....sometimes ive lost 80% HP of my equity, but its still take control and finally make profit 5-10%... that my another advise..hope it will help you a little
Just curious why would you ride it out that long?
  • #764,332
  • Feb 26, 2013 11:12am Feb 26, 2013 11:12am
Quoting math_GB
It is untradable at the moment. You can't short here or go long unless you have 300 pips SL.
That's what I mean. It already brown downside. How'd your earlier long turn out?
When the facts change I change my mind, what do you do sir
  • #764,333
  • Feb 26, 2013 11:13am Feb 26, 2013 11:13am
Open level again creating hesitation
  • #764,334
  • Feb 26, 2013 11:16am Feb 26, 2013 11:16am
Quoting Pip Anon
That's what I mean. It already brown downside. How'd your earlier long turn out?

Exactly... Was a beautiful day, all I can say. Ken A forbid members to post the number of profits if it is less than below 500 pips per trade
  • #764,335
  • Feb 26, 2013 11:16am Feb 26, 2013 11:16am
Quoting Bocephus
After a big move it is typical for a little pull back and then the market will breathe before making next move or going flat
Daily volatility moment for EURUSD for last two months is 88 pips, EURJPY 188.
When the facts change I change my mind, what do you do sir
  • #764,336
  • Feb 26, 2013 11:17am Feb 26, 2013 11:17am
3037ish could create a a drop or bounce
  • #764,337
  • Feb 26, 2013 11:18am Feb 26, 2013 11:18am
Losing 80% of your equity means you have A) no proper risk management and/or B) a system that simply doesn't work. An 80% drawdown is unacceptable in my opinion. If I ever had an 80% drawdown I'd go back to demo trading until I have a good track record. In fact, I wouldn't bother trading live before making consistent profits without massive drawdowns...I stuck with that and never blew a real money account in my life (touch wood). Even the "drunk trades" I took never really dented my account much as my entire system is built around not having massive drawdowns.
  • #764,338
  • Feb 26, 2013 11:18am Feb 26, 2013 11:18am
Quoting math_GB
Exactly... Was a beautiful day, all I can say. Ken A forbid members to post the number of profits if it is less than below 500 pips per trade
Haha, well EJ seems to easy. Yesterday after the selloff, I did a swing trade and made a little over 110 pips in two-three hours. But Ken As rule wasn't in place then!
When the facts change I change my mind, what do you do sir
  • #764,339
  • Feb 26, 2013 11:19am Feb 26, 2013 11:19am
Are we still having this conversation about how many pips did we make today? If so, I have +459 Anyway, if somebody thinks EJ go north, I would be careful. For me it seems like more downside is coming and it will be huge. Maybe not today, but definitely this week.
-- There's no winner without lose --
  • #764,340
  • Feb 26, 2013 11:20am Feb 26, 2013 11:20am
Quoting Pip Anon
Haha, well EJ seems to easy. Yesterday after the selloff, I did a swing trade and made a little over 110 pips in two-three hours. But Ken As rule wasn't in place then!
Your level 117.40 is possible as well as 122.80 for today
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