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  • #772,921
  • Mar 17, 2013 10:46pm Mar 17, 2013 10:46pm
121.76 long now. 122.51 target. just see that gap filled now. so maybe bounce to important place
looking for investors . pm me
  • #772,922
  • Mar 17, 2013 10:47pm Mar 17, 2013 10:47pm
Well I am looking to get long on the eur/usd...but I do not see a safe zone to put a stop...any opinions anyone??
  • #772,923
  • Mar 17, 2013 10:49pm Mar 17, 2013 10:49pm
Quoting Robby
Well I am looking to get long on the eur/usd...but I do not see a safe zone to put a stop...any opinions anyone??
one pip less than the price which you enter.

I see the talk of longing the euro here as being a little crazy. Have you not read the headlines today?

Not worth the risk IMO better to just sit this out.
Money never sleeps...
  • #772,924
  • Mar 17, 2013 10:49pm Mar 17, 2013 10:49pm
Quoting Robby
Well I am looking to get long on the eur/usd...but I do not see a safe zone to put a stop...any opinions anyone??
0
those who can, do. those who cant, talk about those who can
  • #772,925
  • Mar 17, 2013 10:49pm Mar 17, 2013 10:49pm
Quoting mohan76
yea they opened window before opening door (sluice gate)
I bet my broker hate my trade...
took a short two weeks ago..slightly above 1.31 sl @ be TP 1.2870 already partial bank..thats my last bit looking for TP..
last fri this pair took my sl...
n now Cyprus made it jump...

by the way took small long here..
close to my short target...200dsma...Last Dec low
Patience, Emotion Control and Discipline.
  • #772,926
  • Mar 17, 2013 10:50pm Mar 17, 2013 10:50pm
EJ

Lets see if 121.58 break or stay above.
RM
  • #772,927
  • Mar 17, 2013 10:50pm Mar 17, 2013 10:50pm
Quoting peyman

Door!!!but I did a little. Buy. I. Hope. They. First close the window
to be honest it's very high risk time to trade, it's sitting in support (possible CB orders ) and cypress issue not a good sign for long.
Mohan
  • #772,928
  • Mar 17, 2013 10:52pm Mar 17, 2013 10:52pm
Quoting gatorinla
0
Sorry this move is not anything major. This just scares the small fish away. One should learn to not lose focus on the direction. It's not down, it's up.
  • #772,929
  • Mar 17, 2013 10:55pm Mar 17, 2013 10:55pm
Quoting inpatient
one pip less than the price which you enter.

I see the talk of longing the euro here as being a little crazy. Have you not read the headlines today?

Not worth the risk IMO better to just sit this out.
It's not even valid technically anymore. I had a thought that perhaps price would take off soon after opening as the panic pushed it right into daily demand but the price action just stalled and was very bearish, with any gains made quickly being wiped out.
  • #772,930
  • Mar 17, 2013 10:56pm Mar 17, 2013 10:56pm
Quoting johncen
I bet my broker hate my trade...
took a short two weeks ago..slightly above 1.31 sl @ be TP 1.2870 already partial bank..thats my last bit looking for TP..
last fri this pair took my sl...
n now Cyprus made it jump...

by the way took small long here..
close to my short target...200dsma...Last Dec low
you may be having account with unlucky broker may time to change to a lucky broker ,

ps : my 3 years said euro going to shoot up
Mohan
  • #772,931
  • Mar 17, 2013 10:56pm Mar 17, 2013 10:56pm
Quoting Robby
Sorry this move is not anything major. This just scares the small fish away. One should learn to not lose focus on the direction. It's not down, it's up.
I would agree with 0
Who knows, Cyprus example could be a system measure, applicable with other EUZone countries

Edit: at least this week, depends on the final act re Cyprus play
  • #772,932
  • Mar 17, 2013 10:59pm Mar 17, 2013 10:59pm
Quoting Kanzler
It's not even valid technically anymore. I had a thought that perhaps price would take off soon after opening as the panic pushed it right into daily demand but the price action just stalled and was very bearish, with any gains made quickly being wiped out.
For me it is a technical entry. Some were between 1.29 and 1.26 it the place to get long. Charts say +/- 25-30 tick from 1.2880 were we are now. I just do not see any good area for stop. Only good are for a stop would be 1.23 or so...and that is too far away for me.
  • #772,933
  • Mar 17, 2013 11:02pm Mar 17, 2013 11:02pm
based on this condition (weekend gap), i have to manage my account differently now.

here is my example
50% of my equity would be in a stand-by account.
I will divide the remaining equity to 10 small account @5% on each account. Because, 5% is the maximum risk i would want to take in 1 position.

My broker (IBFX) accept transfer equity between account very quick, (take less than 1 business day).
My broker accept 400 leverage on mini account at the moment.

assume my total equity is $10,000 -
i will open $5,000 as a standby account (and account to supply money to any trading account)
I will open 10 trading accounts of $500 each. therefore, for each of my position, the maximum i can loose is only $500.
Any account less than $500 will be topped up using stand-by account and any account with the equity more than $500 will be transfered to stand-by account.

anyone have try this before? or any suggestion?

coz today i lost more than i planned. My trading plan is Stoploss at 5.4% (2 positions or ~2.5% each), but in reality i lost about 15% of my equity
Everything in the world has its own rhytms
  • #772,934
  • Mar 17, 2013 11:02pm Mar 17, 2013 11:02pm
Quoting Robby
Sorry this move is not anything major. This just scares the small fish away. One should learn to not lose focus on the direction. It's not down, it's up.
really? since the summer of 2008 its been down (4.5 years). its only been up because of 911 usd devaluing. look at a chart, we were at .8xxx just before 911 and falling. atm we are below the yearly pivot point (2909), with a weekly open below .. we also have a red railway on the monthly candles. sure we can bounce,, but as far as a uptrend. show me.. that's how i learn
those who can, do. those who cant, talk about those who can
  • #772,935
  • Mar 17, 2013 11:04pm Mar 17, 2013 11:04pm
Quoting gatorinla
i took them off... i was being a dick posting it. my goal is 500
why is it being a "dick"

its some pretty amazing trading...obv depending on dd
  • #772,936
  • Mar 17, 2013 11:06pm Mar 17, 2013 11:06pm
Quoting Robby
For me it is a technical entry. Some were between 1.29 and 1.26 it the place to get long. Charts say +/- 25-30 tick from 1.2880 were we are now. I just do not see any good area for stop. Only good are for a stop would be 1.23 or so...and that is too far away for me.
This is the demand (or support as some people see it) that I'm looking at on the daily charts. As you see price fell right into it before stalling, but I'm getting the impression that there are just too many people selling for this to gain any ground. The first time it hit a couple days ago it did a quick reversal. Very risky to hold onto for a long in my opinion....as someone else said I think it's just best to stand aside until another setup comes along.
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  • #772,937
  • Mar 17, 2013 11:06pm Mar 17, 2013 11:06pm
Quoting gatorinla
really? since the summer of 2008 its been down (4.5 years). its only been up because of 911 usd devaluing. look at a chart, we were at .8xxx just before 911 and falling. atm we are below the yearly pivot point (2909), with a weekly open below .. we also have a red railway on the monthly candles. sure we can bounce,, but as far as a uptrend. show me.. that's how i learn
Your current move is up. You have this minor move down here. Noise. You have a major trend down but the current counter trend is up. You are not done with the current counter trend. Go check the counter moves. How many week / months do they last? Look at the charts how long have you been in this move currently? That is one very simple way to know how the winds are blowing...
  • #772,938
  • Mar 17, 2013 11:07pm Mar 17, 2013 11:07pm
Quoting msetai
why is it being a "dick"

its some pretty amazing trading...obv depending on dd
trades were live and short as posted before drop. did you see any dd tonight?
those who can, do. those who cant, talk about those who can
  • #772,939
  • Mar 17, 2013 11:10pm Mar 17, 2013 11:10pm
Quoting Robby
Well I am looking to get long on the eur/usd...but I do not see a safe zone to put a stop...any opinions anyone??

127.99 if 128 doesnt hold the euro is broken and will see much lower prices.
  • #772,940
  • Mar 17, 2013 11:14pm Mar 17, 2013 11:14pm
Quoting gatorinla
trades were live and short as posted before drop. did you see any dd tonight?
nope...that pf was just from tonight??
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