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EURUSD

  • #830,221
  • Aug 29, 2013 2:54am Aug 29, 2013 2:54am
EU next support at 3230
69
  • #830,222
  • Aug 29, 2013 2:54am Aug 29, 2013 2:54am
Quoting KillerWhale
{quote} Maybe I'm just gonna watch porn until US news.
Jennifer is great!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #830,223
  • Aug 29, 2013 2:55am Aug 29, 2013 2:55am
Quoting donfriday
{quote} all i just know is supply and demand move the market...i when we break 1.32 my 1.29 or 1.28 will confirm but for now i am only looking at 1.32..
Still will break down 1.32515?eur?
  • #830,224
  • Aug 29, 2013 2:55am Aug 29, 2013 2:55am
Quoting Chicky
{quote} fun starts at 1.3239. This was just a trailer
I don't trade falling knife's my friend.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #830,225
  • Aug 29, 2013 2:59am Aug 29, 2013 2:59am
Quoting jpadvisor
{quote} LOL. Yesterday I was just praying EU to get to move from the range !​
I have to know which god you're praying too, cuz mine certainly aint working
  • #830,226
  • Aug 29, 2013 3:04am Aug 29, 2013 3:04am
For those that can offer advice on trade management:

I scaled into my EURUSD. First leg was 50% of total exposure, than added to winners. I cut the big one off 65 pips into it. The eurodollar keeps going down, and other legs doing nicely.

My question is should I have cut the smaller legs that were in profit or did what I did with taking off the big portion? Always looking to get better!
When the facts change I change my mind, what do you do sir
  • #830,227
  • Aug 29, 2013 3:14am Aug 29, 2013 3:14am
Quoting Chicky
{quote} fun starts at 1.3239. This was just a trailer
Fun to North or South???
  • #830,228
  • Aug 29, 2013 3:23am Aug 29, 2013 3:23am
Quoting Pip Anon
For those that can offer advice on trade management: I scaled into my EURUSD. First leg was 50% of total exposure, than added to winners. I cut the big one off 65 pips into it. The eurodollar keeps going down, and other legs doing nicely. My question is should I have cut the smaller legs that were in profit or did what I did with taking off the big portion? Always looking to get better!
I can offer couple cents worth

Your question is paradoxical, one trade plan may prove better sometimes and crap another

But a big / common reason for trader failure is In too early In to late, Out too early Out too late

Entry Exit needs "smoothing"

Example, best chance of a decent runner ie 100 plus pips, is buy low sell high in larger timeframe, or much better chance of a bigger return, if get nice entry using daily weekly and/or monthly levels, much better chance of a decent runner, problem is these timeframes take longer to form and gain traction, cause high low zones pretty much guaranteed ping pong zones lower timeframes

So if you have balls and patience to trade through those times, your reward is so much greater, "BUT" you will have earned it.

One method I use and like, is to try build multiple entries "in" the high low zone, stops outside, PB to remove sl risk, and Leave sl where it is if I catch the new trend, I either leave sl and micromanage PB or set trailing and forget about trade, let it do its thing, some of my best trades have happened with me not watching it, better on nerve better on account
If you are new to Forex? Say Goodbye to your account!!
  • #830,229
  • Aug 29, 2013 3:28am Aug 29, 2013 3:28am
Quoting samiru
{quote} TP hit at 3277 and pending buy taking at 3264 with sl 3252
hanging in by a single thred
  • #830,230
  • Aug 29, 2013 3:29am Aug 29, 2013 3:29am
Quoting KiwiTrada
{quote} I can offer couple cents worth Your question is paradoxical, one trade plan may prove better sometimes and crap another But a big / common reason for trader failure is In too early In to late, Out too early Out too late Entry Exit needs "smoothing" Example, best chance of a decent runner ie 100 plus pips, is buy low sell high in larger timeframe, or much better chance of a bigger return, if get nice entry using daily weekly and/or monthly levels, much better chance of a decent runner, problem is these timeframes take longer to form and...
Yea, I have traded daily no problem. Given the pip range tends to be larger I start smaller, and add. However, I was curious on thoughts when into the trade. Should one cut the core and let the legs run, cute the legs one by one, or just let that mug run and have to keep messing with SLs? 4H is my bread and butter, and use daily for analytical purposes mostly.

I typically do not stay in a trade 4x the time frame (i.e. 1 hr on 15M, 16 hrs on 4H, etc). Just something I've done and been fine with.
When the facts change I change my mind, what do you do sir
  • #830,231
  • Aug 29, 2013 3:41am Aug 29, 2013 3:41am
Is it now a bit cheaper to buy for the bulls?
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Wherever you go, there you are.
  • #830,232
  • Aug 29, 2013 4:14am Aug 29, 2013 4:14am
My daily crossover indicators would suggest that we are at the beginning of a leg down. The next day or two will confirm the downtrend or not (daily). Need to start shifting my positions to shorts. It may go down and test the 1.2800 range.
Taigen Profit This Month: na
  • #830,233
  • Aug 29, 2013 4:19am Aug 29, 2013 4:19am
Quoting milam
Is it now a bit cheaper to buy for the bulls? {image}
never too cheap to buy this piece of shit, I am thinking many many bulls have been licking their ass,s oops mean wounds
If you are new to Forex? Say Goodbye to your account!!
  • #830,234
  • Aug 29, 2013 4:22am Aug 29, 2013 4:22am
Quoting Taigen
My daily crossover indicators would suggest that we are at the beginning of a leg down. The next day or two will confirm the downtrend or not (daily). Need to start shifting my positions to shorts. It may go down and test the 1.2800 range.
Eurodollar throws a tantrum every time it hits 1.34

c. = approx.
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When the facts change I change my mind, what do you do sir
  • #830,235
  • Aug 29, 2013 4:26am Aug 29, 2013 4:26am
Quoting keigolee
{quote} still will break down 1.32515?eur?

we are currently near demand zone at 1.3200 let see what will happen from there..
MY OPINION NOT FINANCIAL ADVISE
  • #830,236
  • Aug 29, 2013 4:35am Aug 29, 2013 4:35am
Entered a long at 1,3259, but have no idea where my profit target is (if it ever happens). Any thoughts, is anybody doing the same
  • #830,237
  • Aug 29, 2013 4:40am Aug 29, 2013 4:40am
Quoting KiwiTrada
{quote} never too cheap to buy this piece of shit, I am thinking many many bulls have been licking their ass,s oops mean wounds
The hourly did not close strong as it seems 10 minutes before its formation, well that could indicate something....... . I know this is a falling knife, but technically it reached a few confluence where a bounce it is possible or if is just a pause for another leg down I do not know, at this point it will be wise to consider the action of PA and maybe the formation of the next 4h candle.

At the moment seems it is forming a double inside bar on the hourly.
Wherever you go, there you are.
  • #830,238
  • Aug 29, 2013 4:42am Aug 29, 2013 4:42am
Quoting DemoAntares
Entered a long at 1,3259, but have no idea where my profit target is (if it ever happens). Any thoughts, is anybody doing the same
Yes. profit target 1.3426
  • #830,239
  • Aug 29, 2013 4:47am Aug 29, 2013 4:47am
Quoting milam
{quote} The hourly did not close strong as it seems 10 minutes before its formation, well that could indicate something....... . I know this is a falling knife, but technically it reached a few confluence where a bounce it is possible or if is just a pause for another leg down I do not know, at this point it will be wise to consider the action of PA and maybe the formation of the next 4h candle. At the moment seems it is forming a double inside bar on the hourly.
SL at the bottom of candle, 8 pip potential loss, i like that risk...tp at 1/3 of the red 8h leg (cca 1,3285) seems valid for now...but probably a falling knife
  • #830,240
  • Aug 29, 2013 4:58am Aug 29, 2013 4:58am
Quoting DemoAntares
{quote} SL at the bottom of candle, 8 pip potential loss, i like that risk...tp at 1/3 of the red 8h leg (cca 1,3285) seems valid for now...but probably a falling knife
yes make sense to me also, but not necessary a falling knife, could just be a desire of the bears to test the strength of the bulls at the recent low, in that case if is an undershoot, SL's can be triggered producing a LL, and maybe that will be a safer place to buy......maybe
Wherever you go, there you are.
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