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  • #861,401
  • Dec 6, 2013 4:03pm Dec 6, 2013 4:03pm
Quoting Chicky
Will there be gap up!
gap down....we shot up into resistance
  • #861,402
  • Dec 6, 2013 4:05pm Dec 6, 2013 4:05pm
Quoting Eric Abt
{quote} Unfortunately I got 22 pips ONLY.. in another word I have till 1.3718!!! Any chances I might be lucky Sunday??
dude, ive been in dis situation many times before. my advice, though very painful, please just close the trade and take the loss, take a little break, learn from your mistake and try n grow whatever balance you have left. when you close the trade, you'll feel bad, but trust me you will feel worse if that account blows (and may be even worse if you close the trade now now and the eurusd drops). 3 OPTIONS,- CLOSE, LEAVE THE TRADE OPEN OR BLOW YOUR ACCOUNT. right now you're very emotional, but try and make a logical decision. better to live and fight again tomorrow.
  • #861,403
  • Dec 6, 2013 4:05pm Dec 6, 2013 4:05pm
Thank you guys... Hopefully it works
  • #861,404
  • Dec 6, 2013 4:08pm Dec 6, 2013 4:08pm
Quoting Eurusdd
{quote} 1hr Upward. I watch the middle of the 4hr. That gives me precision for the next 2 1hr bars
And what about a daily? Then two H4 candles can give precision. Would that work? I am old and very slow -
  • #861,405
  • Dec 6, 2013 4:15pm Dec 6, 2013 4:15pm
Quoting CandleStar
{quote} And what about a daily? Then two H4 candles can give precision. Would that work? I am old and very slow -
nice one , I want further explanation for this strategy :nerd:
Get Rich or Die Tryin
  • #861,406
  • Dec 6, 2013 4:16pm Dec 6, 2013 4:16pm
Quoting Eric Abt
{quote} My shorts on different levels: 1.3590, 1.3640,1.3652, & 1.3681...Where do I start hedging?
suppose you have 3590, 3640, and 3680. This is what I would do to reduce risk: when price drop to 3660 close one of them, and now you equivalently have two at 3590 and 3660.
1). If price drop again to 3625 close another one and leave the last one to run. or
2) if price rise up to above 3680, find a place to add one.

Repeat the process of scale in and out, you gradually improve your average price, and in the same process do not go broke.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #861,407
  • Dec 6, 2013 4:36pm Dec 6, 2013 4:36pm
this zombie baby crawl up for 38 again..
failure is not an option.
  • #861,408
  • Dec 6, 2013 4:37pm Dec 6, 2013 4:37pm
Quoting Eric Abt
Thank you guys... Hopefully it works
Were u able to close 1 trade
A good trader follows his rules, but great trader knows when to break them
  • #861,409
  • Dec 6, 2013 5:09pm Dec 6, 2013 5:09pm
Quoting Eurusdd
if you can hedge, hedge 50% of your loss for the cross-over. Return at 10pm gmt exactly when the market opens and let me help you recover. HERE.
So what was going to be your strategy ?! ... i was really interested to see what you gonna say !
"It's the Margin, Stupid."
  • #861,410
  • Dec 6, 2013 6:22pm Dec 6, 2013 6:22pm
Quoting Darkforce
{quote} Man, thanks, recognise-->practice-->success, at least there is a hope then
Yes, hope…..is this thing that nobody can take away from you….

...not sure if you saw this movie...



Inserted Video
Wherever you go, there you are.
  • #861,411
  • Dec 6, 2013 7:02pm Dec 6, 2013 7:02pm
Good Morning Every Traders.hi2222222222222222222222222222222222222222222222222222222222
Think Different
  • #861,412
  • Dec 6, 2013 9:27pm Dec 6, 2013 9:27pm
massive wicks on the last 3 daily bars, not sure why everyone is shorting but to me that is a very bullish sign.

forget about fundamentals unless you are a long term investor, but just remember market can be irrational longer than you can stay solvent.

just trade using price action, and to me the fact that EUR/USD was able to reverse that drop from NFP means something.

secondly if EUR/USD reverses from this point... shorting at 1.37 is completely crazy unless you have 50+ pips SL, market doesnt just make a sharp inverted 'V'... if you take a look at most daily charts, there are usually 1-3 daily ranging bars before it reverses which means you will mostly likely be stopped out.
  • #861,413
  • Dec 6, 2013 9:36pm Dec 6, 2013 9:36pm
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  • #861,414
  • Dec 6, 2013 11:23pm Dec 6, 2013 11:23pm
Quoting DareXau
{image}
... chart which I've posted two weeks ago ... price has reached a target ... however, it's week later than anticipated ...
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  • #861,415
  • Dec 6, 2013 11:59pm Dec 6, 2013 11:59pm
price is reaching sweet spot for shorts
78.6-88.6 zone Scott Carney's reversal zone
3717-3770
This bogus profit taking after positive data shows why trading is challenging.Its basically illogical hence I stick with my Bear outlook that soon this party will crash all the way to 1.33 or even lower
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In trading, you have to be defensive and aggressive at the same time
  • #861,416
  • Dec 7, 2013 12:16am Dec 7, 2013 12:16am
Quoting Davit
price is reaching sweet spot for shorts
Agreed. My Gann charts are now screaming "short."
Time turns trend. - W.D. Gann
  • #861,417
  • Edited 4:42am Dec 7, 2013 12:21am | Edited 4:42am
Quoting Davit
price is reaching sweet spot for shorts 78.6-88.6 zone Scott Carney's reversal zone 3717-3770 This bogus profit taking after positive data shows why trading is challenging.Its basically illogical hence I stick with my Bear outlook that soon this party will crash all the way to 1.33 or even lower {image}

those are sl hunt shorts zone. imo, dont short any movement above that number before retracement.
edited
those are sl hunt shorts zone. imo, dont short any movement without retracement above that number .
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  • #861,418
  • Dec 7, 2013 12:27am Dec 7, 2013 12:27am
Quoting ud1nh0
{quote} those are sl hunt shorts zone. imo, dont short any movement above that number before retracement.

I am not worried about shorting since I know fundamentally up move is not supported.My lots are reasonably small that I don't have to worry about SL hunts.
Both GU and EU will come down in major way.
In trading, you have to be defensive and aggressive at the same time
  • #861,419
  • Dec 7, 2013 12:31am Dec 7, 2013 12:31am
Quoting ForExtraPips
{quote} Agreed. My Gann charts are now screaming "short."

We know that today's entire move up was the result of having majority of retail traders shorting both EU and GU.These guys love pushing retail traders out.
Just made no sense.Absolutely no logic other then "lets go after retailers"
This is why I keep my lots small because I allow pretty good distance from this profit taking spikes.
In trading, you have to be defensive and aggressive at the same time
  • #861,420
  • Dec 7, 2013 12:37am Dec 7, 2013 12:37am
Quoting Davit
{quote} We know that today's entire move up was the result of having majority of retail traders shorting both EU and GU.These guys love pushing retail traders out. Just made no sense.Absolutely no logic other then "lets go after retailers" This is why I keep my lots small because I allow pretty good distance from this profit taking spikes.
I had to laugh at today's NFP, when considering the government shutdown and when they came back to work, and how they manipulated the numbers with that, and my Gann chart. I knew that it would go up on my H4 chart. Agreed on keeping lot sizes small, too. I like to pyramid them. Add at key levels, and so on. Now price is stopped, dead in its tracks, at 315 degrees.
Attached Image (click to enlarge)
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Time turns trend. - W.D. Gann
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