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  • #771,581
  • Mar 14, 2013 7:12am Mar 14, 2013 7:12am
I have been stopped out on cable. It was my own stupid fault: I broke one of my own rules. When I placed the short trade at 09.17 GMT this morning, there was one box I forgot to tick - RSI was decidedly above 50 on my H1 chart. If I had spotted that, I would have not placed that trade. Familiarity breeds contempt; I'll be more careful in future!
  • #771,582
  • Mar 14, 2013 7:13am Mar 14, 2013 7:13am
GBP exploded...
  • #771,583
  • Mar 14, 2013 7:15am Mar 14, 2013 7:15am
current market is good for trading sidelines.
  • #771,584
  • Mar 14, 2013 7:16am Mar 14, 2013 7:16am
Quoting Vectamart
I have been stopped out on cable. It was my own stupid fault: I broke one of my own rules. When I placed the short trade at 09.17 GMT this morning, there was one box I forgot to tick - RSI was decidedly above 50 on my H1 chart. If I had spotted that, I would have not placed that trade. Familiarity breeds contempt; I'll be more careful in future!
I don't feel bad for you, who ever shorts GBP can go to hell Stop shorting it dammit, it is our Queen...!
  • #771,585
  • Mar 14, 2013 7:16am Mar 14, 2013 7:16am
Quoting Vectamart
Sorry to hear that, mate. I would respectfully suggest that you ought to learn some risk management techniques before you trade anymore with real money. Most important - don't risk more than 1% or at the very most, 2% of your account on any one trade.
i think at any one time is safer. most people collapsed trading against trend with leverage, so if 2% per trade, can opened up to 10, and gg very fast.
  • #771,586
  • Mar 14, 2013 7:16am Mar 14, 2013 7:16am
OK Guys and Girls....

I think all bears who entered lower gave up already , closing their SHORTS with a loss.
Doesn't it mean that it would be a chance to start SHORTING at this point?
I have couple of small SHORT entries, but I am getting ready to jump in with "bigger size" now...
What you think guys?
Please ADVISE... should I sell, should I wait or should I walk the dog... (ooooppsss.... I don't have a dog)

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 22 KB
Read Charts - Not Papers
  • #771,587
  • Mar 14, 2013 7:18am Mar 14, 2013 7:18am
Quoting LeeNoa
dont have any clue yet...
Im still short today until 12877 - im still confident we'll fall below 12900 (otherwise I would have closed it at 12916). A BIG wave V is on its melancholy way in my view! :nerd:

I two have lots open. One from 13055 and another entered last night at 12967. Both SL 20. That is the last time I let a trade run soooo long!! I suppose I should be happy that I am comfortably in these trades still. But I enjoy riding the waves - I simply havent got the patience!! I dont know how the medium term traders do it??!
Don't over egg the cake.
  • #771,588
  • Mar 14, 2013 7:18am Mar 14, 2013 7:18am
Where should I close my EJ short...? 124.45 or let it run untill we see 123.00s...?
  • #771,589
  • Mar 14, 2013 7:19am Mar 14, 2013 7:19am
manually closed e-j long order. there are more selling pressure.
  • #771,590
  • Mar 14, 2013 7:19am Mar 14, 2013 7:19am
http://i1228.photobucket.com/albums/...pse329dd49.jpg
A chart helps those who can read it.
  • #771,591
  • Mar 14, 2013 7:21am Mar 14, 2013 7:21am
Quoting math_GB
Where should I close my EJ short...? 124.45 or let it run untill we see 123.00s...?
Just make good money management... re-calculate it and close partially maybe if you feel uncertain?
Read Charts - Not Papers
  • #771,592
  • Mar 14, 2013 7:21am Mar 14, 2013 7:21am
Quoting ohenry
Looks like we going to get one more ride down...
2875...anyone...
Those that say do not know. Those that know do not say.
  • #771,593
  • Mar 14, 2013 7:23am Mar 14, 2013 7:23am
Quoting math_GB
Where should I close my EJ short...? 124.45 or let it run untill we see 123.00s...?

there is TL support nearly 124.35. if it breaks, 124-123.60 are next station.
  • #771,594
  • Mar 14, 2013 7:24am Mar 14, 2013 7:24am
Quoting halkins
OK Guys and Girls....

I think all bears who entered lower gave up already , closing their SHORTS with a loss.
Doesn't it mean that it would be a chance to start SHORTING at this point?
I have couple of small SHORT entries, but I am getting ready to jump in with "bigger size" now...
What you think guys?
Please ADVISE... should I sell, should I wait or should I walk the dog... (ooooppsss.... I don't have a dog)

Attachment
I think we have more up on this! 303x
Maximizing your potentials!
  • #771,595
  • Mar 14, 2013 7:25am Mar 14, 2013 7:25am
Quoting math_GB
I don't feel bad for you, who ever shorts GBP can go to hell Stop shorting it dammit, it is our Queen...!
Since when did any trader with any reasonable sense of self preservation ever let that fact stand in his way?!
  • #771,596
  • Mar 14, 2013 7:25am Mar 14, 2013 7:25am
Quoting tankokjian
current market is good for trading sidelines.
Cen de mah ?
NY just warming up,watch for 1.2958 for real one or not
If there was easy money lying around,no one would be forcing it into your
  • #771,597
  • Mar 14, 2013 7:25am Mar 14, 2013 7:25am
Quoting halkins
Just make good money management... re-calculate it and close partially maybe if you feel uncertain?
Decisions... decisions... Mixed signal, EU bounced from a very important support UJ faced a hard resistance @96.60...
  • #771,598
  • Mar 14, 2013 7:25am Mar 14, 2013 7:25am
Euro update, support?

Price hit the 1.2920 area of target related to the last short entry and resistance at 1.3070. Thus that move has ended. The next level of resistance in the daily short sequence comes in the 1.3000 area towards which we are currently retracing.

Two potential scenarios:

http://www.forexfactory.com/attachme...1&d=1363271050

Scenario 1. Price is correcting towards the 1.3000 area, the next short setup. If price moves above 1.3020 the sequence of moves lower ends and support on the 1.2910-20 area is confirmed. In this case we could see price hit the 20-day SMA before a retrace, with price not moving below the 1.2918 level (current lows).

Scenario 2. Price respects the next short setup never piercing the 1.3019 level on the upside and resume the move lower into the 1.2880 level (1st target) that lines up with the 200-day SMA

Let me know what you think.
Thanks
Cheers
G.
"markets traded by programs/HFT offer a significant trading edge..."
  • #771,599
  • Mar 14, 2013 7:26am Mar 14, 2013 7:26am
Whassup y'all... does anybody know and can tell me how to get tick charts on MT4 platform?
  • #771,600
  • Mar 14, 2013 7:27am Mar 14, 2013 7:27am
Quoting ohenry
2875...anyone...
12837 is plausible.. Im going to play it by ear. Im itching to close and have a beer.. In saying that, I might just have a beer anyway!!
Don't over egg the cake.
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