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  • #2,301
  • Feb 26, 2014 2:12am Feb 26, 2014 2:12am
Quoting LarryDarrell
{quote} From the looks of it, yes. I'm not going to think about that anymore, might short it (again) if we hit 10700.
the RR sucks so close to the top, normally I would have tried 969x, but not worth the risk atm .. why 10700?
Patience is a virtue...
  • #2,302
  • Feb 26, 2014 2:37am Feb 26, 2014 2:37am
10700: good question, had to look it up myself .
It's an old target level from the 24.06.13-24.07.13 range, that until now yielded some levels that worked. But this isn't very precise. I think that Schickeria posted some bull targets that are probably much more reliable.
Fail better.
  • #2,303
  • Feb 26, 2014 2:43am Feb 26, 2014 2:43am
Quoting LarryDarrell
10700: good question, had to look it up myself . It's an old target level from the 24.06.13-24.07.13 range, that until now yielded some levels that worked. But this isn't very precise. I think that Schickeria posted some bull targets that are probably much more reliable.
ahh okay, makes sense..
Patience is a virtue...
  • #2,304
  • Feb 26, 2014 4:10am Feb 26, 2014 4:10am
Closed this one for few pips - looks like E/U might break-out

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  • #2,305
  • Feb 26, 2014 4:27am Feb 26, 2014 4:27am
Quoting Ken A
looks like E/U might break-out {image}
Hi Ken, why would you say this? What doesn't go down must go up, or do you have a signal?
Fail better.
  • #2,306
  • Feb 26, 2014 4:28am Feb 26, 2014 4:28am
Quoting LarryDarrell
{quote} Hi Ken, why would you say this? What doesn't go down must go up, or do you have a signal?
I could be wrong Larry. I might re-enter when having clear direction.

Also can't fully concentrate on XXX/JPY
  • #2,307
  • Feb 26, 2014 4:32am Feb 26, 2014 4:32am
Quoting Ken A
{quote} I could be wrong Larry. I might re-enter when having clear direction. Also can't fully concentrate on XXX/JPY
Ok, thank you. Waiting for clear direction as well... Hate this. Going back to coursera, better spending my time there than staring at the screen to watch paint dry...
Fail better.
  • #2,308
  • Feb 26, 2014 4:33am Feb 26, 2014 4:33am
Larry, your signature is really painful to read ...
Fix up, trade sharp ...
  • #2,309
  • Feb 26, 2014 4:34am Feb 26, 2014 4:34am
Quoting LarryDarrell
{quote} Ok, thank you. Waiting for clear direction as well... Hate this. Going back to coursera, better spending my time there than staring at the screen to watch paint dry...
Yeah one pip up and down confusing so I just take the safe route
  • #2,310
  • Edited 9:31am Feb 26, 2014 4:50am | Edited 9:31am
E/U Assume you mean breakout north Ken? 5m chart looks like it is setting up for a move higher

Edit : South then Nice fakeout to 375x before the drop.
  • #2,311
  • Feb 26, 2014 5:03am Feb 26, 2014 5:03am
Quoting Hickson
Larry, your signature is really painful to read ...
Yes, think so, too. Full quote:

This is why every morning before trading I sit in front of the quote screen
in my office and say: "Good morning, my name is Alex, and I am a loser. I
have it in me to do serious financial damage to my account." This is like an
AA meeting- it keeps my mind focused on the first principles. Even if I take
thousands of dollars out of the market today, tomorrow I will say: "Good
morning, my name is Alex and I am a loser."
A friend of mine joked: "When I sit in front of my quote machine in the
morning, I say, 'My name is John, and I'm gonna rip your throat out."' His
thinking generates tension. "Losers Anonymous" thinking generates serenity.
A trader who feels serene and relaxed can focus on looking for the best and
safest trades. A trader who is tense is like a driver who freezes at the wheel.
When a sober man and a drunk enter a race, you know who is more likely to
win. A drunk may win once in a while thanks to luck, but the sober man is
the one to bet on. You want to be the sober man in the race.
Fail better.
  • #2,312
  • Feb 26, 2014 5:42am Feb 26, 2014 5:42am
closed UJ fully at 102.35 for 1R [entry was not great]...will try again if it comes back to 102
  • #2,313
  • Feb 26, 2014 4:35pm Feb 26, 2014 4:35pm
long AU @ .8956 stop .8942 target .8993
  • #2,314
  • Feb 26, 2014 5:04pm Feb 26, 2014 5:04pm
closed AU @ .8958 ...was looking for a good 1hr bounce candle...maybe next time
  • #2,315
  • Feb 27, 2014 12:58am Feb 27, 2014 12:58am
Good morning.
I'm expecting this to be another interesting day, will be watching dax/s&p and AJ for general moves, trying to place another short in EU and EA, if opportunity present itself.
GU: clueless/not convinced of the moves yesterday. I remain short biased, but doesn't 'feel' right. AU: got some pending longs further down (starting with 889, which might be a little early, but of small size). @Ken: I didn't take the 895, quite happy about that.
UJ: too hot for me atm. UChf: might try to enter again, still angry about my hunted s/l a few days earlier...
Fail better.
  • #2,316
  • Feb 27, 2014 1:34am Feb 27, 2014 1:34am
Quoting LarryDarrell
@Ken: I didn't take the 895, quite happy about that. UJ: too hot for me atm. UChf: might try to enter again, still angry about my hunted s/l a few days earlier...
I get the pips from E/A not too shabby as nothing else seems to be moving - last short just get S/O

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  • #2,317
  • Feb 27, 2014 1:57am Feb 27, 2014 1:57am
Quoting Ken A
{quote} I get the pips from E/A not too shabby as nothing else seems to be moving - last short just get S/O {image}
Nice!
The way I handle EA is testament of my deficits as a trader... I don't get the short term, although I do trade short term. And because of this, I treat every trade as if I'm going to hold it for weeks. So: cannot get myself to long EA or short AU (well, did that a while ago, little babystep...). But I'll get there. Until then: waiting for good places to short this, and at the same time adressing another one of my problems: lacking patience.
Fail better.
  • #2,318
  • Feb 27, 2014 2:06am Feb 27, 2014 2:06am
Quoting LarryDarrell
{quote} Nice! The way I handle EA is testament of my deficits as a trader... I don't get the short term, although I do trade short term. And because of this, I treat every trade as if I'm going to hold it for weeks. So: cannot get myself to long EA or short AU (well, did that a while ago, little babystep...). But I'll get there. Until then: waiting for good places to short this, and at the same time adressing another one of my problems: lacking patience.
just double/triple your size - then patience will come by itself, you'll start focusing on high quality setups instead of the small scalps..
Patience is a virtue...
  • #2,319
  • Feb 27, 2014 2:07am Feb 27, 2014 2:07am
Short E/A again and long A/U .890 with 15 pips stop is enough to prove me wrong or right. Also pending long A/J @ 91.00 20 pips stops.

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  • #2,320
  • Feb 27, 2014 2:15am Feb 27, 2014 2:15am
Quoting Ken A
Short E/A again and long A/U .890 with 15 pips stop is enough to prove me wrong or right. Also pending long A/J @ 91.00 20 pips stops. {image}
I really appreciate your knowledge about the crosses and picked up the Eur/Aud as a profitable pair for me during the last weeks. It seems easier to trade than Eur/Usd and you can always check on Aud/usd and A/J what is in the bushes. The spread is a bit high, but it pays off in the end.
Fix up, trade sharp ...
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