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  • #771,861
  • Mar 15, 2013 2:53am Mar 15, 2013 2:53am
Quoting Ken A
Words on the street 1.2900 is defended.
Don't "davidsayli/jelibon" on me now
  • #771,862
  • Mar 15, 2013 2:55am Mar 15, 2013 2:55am
Gambling friday about to start.

My Low position => Sort from 125.20

My medium (limit) position => Sort from 125.60

My high (limit) position => Sort from 126.25
  • #771,863
  • Mar 15, 2013 2:56am Mar 15, 2013 2:56am
Quoting Ken A
Spot on
that's why i scalp here in the chop zone. on the bigger tf, 3197 may happen before sub 2909. we have a st one pointing to 2781 (part of 3040). but 2909 is in the way. so bears may need to get the Wheaties at 3197 first..
those who can, do. those who cant, talk about those who can
  • #771,864
  • Mar 15, 2013 2:56am Mar 15, 2013 2:56am
Quoting John Gray
Haha.

Anybody watching the GBPUSD?

Cleared 1.50 yesterday, 1.51 just now, longing it as it broke previous top.
GBP already BULLISH since yesterday. Is EU will do the same today?
Everything in the world has its own rhytms
  • #771,865
  • Mar 15, 2013 2:56am Mar 15, 2013 2:56am
Quoting gatorinla
i dont know. but logically bulls want higher, and we are higher. off 2909... but 3040 is also what bears want to target 2781, going to 3040 would be norn in that move, up to the recent 31xx high.. posted this yesterday..
In addition, 3040 also is wednesdays Frankfurt open - first breakout point in that intraday downswing
69
  • #771,866
  • Mar 15, 2013 2:56am Mar 15, 2013 2:56am
Gatorinla, COopa, P.Action - GM all

Gatorinla I agree with you, at the moment we can still talk only about correct move in downtrend on eu. Will see how will the momentum evolve.

Some chart below. In some wider perspective, at the moment 3130 key level, if momentum comes ant bring it than it can goes even to 3300 area where is very strong supply zone, which you can see on my chart. At the moment all depends on the momentum, will it comes or not.
Attached Image (click to enlarge)
Click to Enlarge Name: euh4new.jpg Size: 252 KB
  • #771,867
  • Mar 15, 2013 2:57am Mar 15, 2013 2:57am
Quoting John Gray
Haha.

Anybody watching the GBPUSD?

Cleared 1.50 yesterday, 1.51 just now, longing it as it broke previous top.
yep..
i think, kiwi mentioned yesterday abt a bullish flag here on the weekly.
  • #771,868
  • Mar 15, 2013 2:57am Mar 15, 2013 2:57am
Short from 1.2975,1.3025 3065 important tech to watch then i would like to short 3065 and maybe 1.31

if not paying at 1.31... Cut losses
  • #771,869
  • Mar 15, 2013 2:57am Mar 15, 2013 2:57am
Morning trading ppl
  • #771,870
  • Mar 15, 2013 2:58am Mar 15, 2013 2:58am
Quoting Ken A
Words on the street 1.2900 is defended.
the street is late.
those who can, do. those who cant, talk about those who can
  • #771,871
  • Mar 15, 2013 2:59am Mar 15, 2013 2:59am
Quoting Kanzler
I don't understand why people still think money management is going to fix buying high and selling low.


it doesn't.. it minimizes your loses though.. imagine going in high and holding it all the way to the lows and busting your account in the process.
  • #771,872
  • Mar 15, 2013 2:59am Mar 15, 2013 2:59am
Quoting COopa
GBP already BULLISH since yesterday. Is EU will do the same today?
I am treating 1.50 as the critical point, 1.51 as confirmation, 1.52 as "Why aren't you already long"
Even the worst trade can close with profit. Just give it time.
  • #771,873
  • Mar 15, 2013 3:00am Mar 15, 2013 3:00am
Quoting Ken A
Alright, it's not meant to criticize but hey whatever works right? It works until it doesn't then start over.
Yeah, I blew about 3 live accounts like that while I was learning. Still remember my first one. I managed to wipe out a months work in half hour. £5000 down the drain. Back then that was a lot of money to me. Nearly had a heart attack. Decided never to trade without a stop loss again.
  • #771,874
  • Mar 15, 2013 3:01am Mar 15, 2013 3:01am
Quoting John Gray
I am treating 1.50 as the critical point, 1.51 as confirmation, 1.52 as "Why aren't you already long"
i'm long with ye
  • #771,875
  • Mar 15, 2013 3:01am Mar 15, 2013 3:01am
Quoting Kanzler
I don't understand why people still think money management is going to fix buying high and selling low.
It's not. But who's to say what is high and low. Easier to say after market reversed, then we have stop losses to protect equity from reducing even more than 0.5% or whatever SL set at.


PS: What can happen is 1% (1 in a 100 trades) of negative carried trades can take all the profit away,

one our hedging friend will learn the hard way
Even the worst trade can close with profit. Just give it time.
  • #771,876
  • Mar 15, 2013 3:01am Mar 15, 2013 3:01am
Quoting Ken A
Words on the street 1.2900 is defended.
the street is late. 2894 is a old norm.. the pair dont forget.
those who can, do. those who cant, talk about those who can
  • #771,877
  • Mar 15, 2013 3:02am Mar 15, 2013 3:02am
Quoting math_GB
Don't "davidsayli/jelibon" on me now

Wait and see


GL


Palim Palim


;-/
  • #771,878
  • Mar 15, 2013 3:04am Mar 15, 2013 3:04am
Quoting doggette
Yeah, I blew about 3 live accounts like that while I was learning. Still remember my first one. I managed to wipe out a months work in half hour. £5000 down the drain. Back then that was a lot of money to me. Nearly had a heart attack. Decided never to trade without a stop loss again.
Good, you blew 3 live accounts to make you a real trader. I did twice and feel the same, and now, i don't want to blew it anymore since 2008 crisis
Everything in the world has its own rhytms
  • #771,879
  • Mar 15, 2013 3:04am Mar 15, 2013 3:04am
Quoting ec_creep
yep..
i think, kiwi mentioned yesterday abt a bullish flag here on the weekly.
Oh really! Well done Kiwi, dark horse when it comes to bullish markets
Even the worst trade can close with profit. Just give it time.
  • #771,880
  • Mar 15, 2013 3:06am Mar 15, 2013 3:06am
EJ longs careful now... First time three pairs are in sync EU UJ and EJ after many days...
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