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  • #803,681
  • May 31, 2013 7:00am May 31, 2013 7:00am
Quoting RussJ
stochs convincing me lower but pa trying not to break 76 which should mean higher high but sotchs got me confused as all are saying lower low but price on hourly and 15 min are going to make a higher low
that means wait.
  • #803,682
  • May 31, 2013 7:02am May 31, 2013 7:02am
Sellers tried to break downside during London and Central European core lunch time, did advance 3,5 pips in respect of hourly close price

So, i think will see some nice unexpected news later today.
They think they are smarter than I am.
  • #803,683
  • May 31, 2013 7:07am May 31, 2013 7:07am
3 trades for me today, one loss two win.

Done for the day.
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  • #803,684
  • May 31, 2013 7:10am May 31, 2013 7:10am
Quoting Pharm0r
{quote} that means wait.

I'm out.. cashed in around 5o pips and done.... changed my plan and should never of.. time to turn off pc
  • #803,685
  • May 31, 2013 7:11am May 31, 2013 7:11am
Quoting vankola
Eurotrader the TEAM is working out!!! Are you on?

We are here and kicking
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  • #803,686
  • May 31, 2013 7:12am May 31, 2013 7:12am
lmao!
  • #803,687
  • May 31, 2013 7:13am May 31, 2013 7:13am
Quoting EuroTrader
{quote} We are here and kicking {image}
Nice!
  • #803,688
  • May 31, 2013 7:14am May 31, 2013 7:14am
Quoting EuroTrader
{quote} We are here and kicking {image}

please add barney stinson for me, LOL
  • #803,689
  • May 31, 2013 7:14am May 31, 2013 7:14am
Quoting RussJ
{quote} Cheers pip guru.... am letting the short ride out... stop now at 1.3107... hoping to see a break here of 1.2976... stochs say lower but ps made higher low on both hourly and 15 minute...... Upset because didn't stick to my original plan and despite stochs I can see 1.3105 happening etc
Bro I have been following your posts, a few things to consider -

There are way tooo many, spend more time on your trading and less on this forum

The best thing you said was "My plan is ..."
The 2nd best thing you said was "I didnt follow my plan"
The worst thing you said was " I was influenced by posts/ sentiment on this thread, dont blame anyone but yourself
All the rest of post were pretty much what I would call "chasing pa" what many traders do in a ping pong market around an important level

Take a break, work out a new plan come back next week and stick to it just friend advice
If you are new to Forex? Say Goodbye to your account!!
  • #803,690
  • May 31, 2013 7:15am May 31, 2013 7:15am
... and Bernanke the Master Chef!
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  • #803,691
  • May 31, 2013 7:21am May 31, 2013 7:21am
Quoting RussJ
2 possible scenarios ant to be honest think I should have stuck to my initial plan... Now I have mixed feelings.. and only a break will confirm although looking carefully at 1.2976 and failure there may convince me its long but 15 minute stoch nearly done and not break 1.3007.. and 4 hour looking like its turning south for a day..... and hourly nearly done to downside but is trying to roll back over so confused but playing short and awaiting confirmation for a change {image}

Seriously, do you really benefit from such charting? Don't mean to barge but since you presented this I would suggest that a 15 minute chart tells you nothing other than when to open or close positions. Really I'm not dissing but I'm exhausted just looking at this chart. I understand why you would be confused.

I have a quote from Charles Babbage, considered the father of the computer, that applies to all of us traders from time to time. When responded to a question he said,

"...On two occasions I have been asked, "Pray, Mr. Babbage, if you put into the machine wrong figures, will the right answers come out?" ... I am not able rightly to apprehend the kind of confusion of ideas that could provoke such a question."




Taigen Profit This Month: na
  • #803,692
  • May 31, 2013 7:22am May 31, 2013 7:22am
what about draghi?
  • #803,693
  • May 31, 2013 7:23am May 31, 2013 7:23am
and ceiling cat?
  • #803,694
  • May 31, 2013 7:23am May 31, 2013 7:23am
Quoting Pharm0r
what about draghi?
Maybe this time he went out to make the coffee!
  • #803,695
  • May 31, 2013 7:24am May 31, 2013 7:24am
2.5 pips slip from 2970
Here bull or big bear expected

Bull looks technically strong here.
You cannot learn better without losing
  • #803,696
  • May 31, 2013 7:30am May 31, 2013 7:30am
Quoting Pharm0r
what about draghi?

Marios was at the toilet but come back now!
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  • #803,697
  • May 31, 2013 7:32am May 31, 2013 7:32am
Quoting RussJ
{quote} I'm out.. cashed in around 5o pips and done.... changed my plan and should never of.. time to turn off pc
Good advice for yourself...

The problem with a successful trading plan is that even though you come out green most of the time, they are, in general not that exciting. Say your plan is so many pips a day or percentage or whatever, once you meet that goal you hope for more and start risking what you already succeeded in. In my view, a good trading plan should be low risk and moderate yield. Boring? Yes but more often than not it is profitable.
Taigen Profit This Month: na
  • #803,698
  • May 31, 2013 7:34am May 31, 2013 7:34am
this should be falling now
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  • #803,699
  • May 31, 2013 7:37am May 31, 2013 7:37am
Quoting vankola
this should be falling now
Guys i thought this US news release will strengthen the bulls. I just waiting the pair to hit 1.31. come on guys this time, pray for me and pray for bulls.
  • #803,700
  • May 31, 2013 7:37am May 31, 2013 7:37am
I think you can place a stop loss at 1.31 if you're short like most people have said. I'd say if we get up above the current R1 line around 1.3048 we'll get there. But between 1.297-1.3030 it's a day range......good luck, you could get chopped up if you scalp too much. I'm closing out my trade now, too uncertain for me, and I already made a good 50 pips on the AUDJPY drop (why did i close lol).
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