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  • #766,501
  • Mar 1, 2013 2:34pm Mar 1, 2013 2:34pm
Quoting Slim Buffett
I don't quite understand what you're saying.
I'm saying don't put your SL 5 pips away. Give some breathing space for your trade to happen without a move of a few pips impeding on it.
Not all sins are created equal
  • #766,502
  • Mar 1, 2013 2:36pm Mar 1, 2013 2:36pm
Quoting Qayas
What are your views about trend? Bearish trend will continue.
My view is that the bearish trend will continue. But I trade longer time frames than most here and do hold positions over long periods of time.
Not all sins are created equal
  • #766,503
  • Mar 1, 2013 2:38pm Mar 1, 2013 2:38pm
Quoting Slim Buffett
No, I don't agree. But I don't have any money on it
I don't like holding trades over the weekend anyway unless
it's already in some "serious" profit
Same here bro. I close all my trades on weekend.. I want to trade on weekly gap this week.
  • #766,504
  • Mar 1, 2013 2:40pm Mar 1, 2013 2:40pm
Quoting Jay Walker
My view is that the bearish trend will continue. But I trade longer time frames than most here and do hold positions over long periods of time.
Thanks Bro for the your precious views. Whenever i try to long my position it went in the opposite. Can you share your knowledge on opening long trades?
  • #766,505
  • Mar 1, 2013 2:40pm Mar 1, 2013 2:40pm
http://i0.kym-cdn.com/photos/images/...jpg?1240934151
Not all sins are created equal
  • #766,506
  • Mar 1, 2013 2:41pm Mar 1, 2013 2:41pm
Quoting Qayas
Thanks Bro for the your precious views. Whenever i try to long my position it went in the opposite. Can you share your knowledge on opening long trades?
I have a journal if you're interested. http://www.forexfactory.com/showthread.php?t=386397
Not all sins are created equal
  • #766,507
  • Mar 1, 2013 2:47pm Mar 1, 2013 2:47pm
Quoting Jay Walker
http://i0.kym-cdn.com/photos/images/...jpg?1240934151
following you on twitter.
  • #766,508
  • Mar 1, 2013 2:48pm Mar 1, 2013 2:48pm
Quoting Jay Walker
I have a journal if you're interested. http://www.forexfactory.com/showthread.php?t=386397
good weekend ... I'll drink a beer and write my journal this week...
  • #766,509
  • Mar 1, 2013 2:58pm Mar 1, 2013 2:58pm
I agree with bearish.
However, the pattern would suggest.a 360 pip drop from 1.3335

370 (ish) has now been completed

It will likely drop further but beware of a possible pullback
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When the Joker is in the deck.. fear not and play it well
  • #766,510
  • Mar 1, 2013 3:05pm Mar 1, 2013 3:05pm
Quoting Jay Walker
Seriously, on the trading floor of a bank, how many people are fretting about "the gap"?

The only place in the world where I hear about this gap is on forexfactory.com. But I never been on a trading floor. Maybe some of you have?
Yep. I don't care about gap but what if we see a significant gap of 200 pips to the downside?
When Scalpers win, I lose and Vice varsa...
  • #766,511
  • Mar 1, 2013 3:13pm Mar 1, 2013 3:13pm
Hello GOld Flake! Why you don't Gold Leaf?
Quoting Goldflake
Yep. I don't care about gap but what if we see a significant gap of 200 pips to the downside?
  • #766,512
  • Mar 1, 2013 3:16pm Mar 1, 2013 3:16pm
Quoting Goldflake
Yep. I don't care about gap but what if we see a significant gap of 200 pips to the downside?
They're like 9 on the Richter scale earthquake, 20 foot tall tsunami waves and collapsing buildings.

It's not that it never happens but you can't live your life in fear of that kind of event happening.
Not all sins are created equal
  • #766,513
  • Mar 1, 2013 3:16pm Mar 1, 2013 3:16pm
Quoting Jay Walker
I'm saying don't put your SL 5 pips away. Give some breathing space for your trade to happen without a move of a few pips impeding on it.
You still don't get it.

It doesn't matter where your S/L is over the weekend. It doesn't matter if it's 5 pips or 100 pips

I've seen 200 pip gaps over the weekend

If you were on the wrong side of that gap, you were screwed... get it ????

If you were near BE @ market close w/ a 100 pip S/L and the market gapped
200 pips you were OUT @ -200
why is that so hard to understand??
When the Joker is in the deck.. fear not and play it well
  • #766,514
  • Mar 1, 2013 3:17pm Mar 1, 2013 3:17pm
Quoting Slim Buffett
You still don't get it.

It doesn't matter where your S/L is over the weekend. It doesn't matter if it's 5 pips or 100 pips

I've seen 200 pip gaps over the weekend

If you were on the wrong side of that gap, you were screwed... get it ????

If you were near BE @ market close w/ a 100 pip S/L and the market gapped
200 pips you were OUT @ -200
why is that so hard to understand??
Then, where do you put your SL?

If you're on the wrong side, you get screwed, I get that. What do you do to prevent being screwed?

And when you say you have seen 200 pip gaps, is that something you have see a lot of? Because in my life, they have been as rare as $3 bills.
Not all sins are created equal
  • #766,515
  • Mar 1, 2013 3:18pm Mar 1, 2013 3:18pm
Quoting Goldflake
Yep. I don't care about gap but what if we see a significant gap of 200 pips to the downside?

If you don't care about gap then why are you worried about a 200 pip gap

either you are worried or not

right????
When the Joker is in the deck.. fear not and play it well
  • #766,516
  • Mar 1, 2013 3:19pm Mar 1, 2013 3:19pm
Quoting Jay Walker
They're like 9 on the Richter scale earthquake, 20 foot tall tsunami waves and collapsing buildings.

It's not that it never happens but you can't live your life in fear of that kind of event happening.
No doubt it's going to be tsunami if we see gaps like that but in the past we have such huge gaps.
When Scalpers win, I lose and Vice varsa...
  • #766,517
  • Mar 1, 2013 3:20pm Mar 1, 2013 3:20pm
Quoting Slim Buffett
If you don't care about gap then why are you worried about a 200 pip gap

either you are worried or not

right????
It's just for some weekend entertainment.
We haven't seen those big gaps these days. I would love to see them again.
When Scalpers win, I lose and Vice varsa...
  • #766,518
  • Mar 1, 2013 3:22pm Mar 1, 2013 3:22pm
i think that pullback will be come...
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The market was bullish, turned bearish, and you'are brokish!!!
  • #766,519
  • Mar 1, 2013 3:23pm Mar 1, 2013 3:23pm
Quoting Goldflake
No doubt it's going to be tsunami if we see gaps like that but in the past we have such huge gaps.
I didn't say it didn't exist. I said we can't live our lives in fear of unusual events happening.

People get shot sometimes. Do you wear a bulletproof jacket when you go to 7-11?
Not all sins are created equal
  • #766,520
  • Mar 1, 2013 3:23pm Mar 1, 2013 3:23pm
Quoting Slim Buffett
I agree with bearish.
However, the pattern would suggest.a 360 pip drop from 1.3335

370 (ish) has now been completed

It will likely drop further but beware of a possible pullback
I have derived some formulas for euro using usd index. It work perfect for the first time. This weekend i will work on it again. But I am not confident on it because there are alot of indicators derived by experienced traders. When they are not perfect then how can i be perfect who has a little experience of it.
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