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  • #912,561
  • Jul 25, 2014 10:59am Jul 25, 2014 10:59am
Well i didnt get 1380 today, but got to see new lows as expected. Looking good as we go into next week. Big question is how low, because lower we will go. Have a nice weekend.
I don't even have a cool signature
  • #912,562
  • Jul 25, 2014 11:02am Jul 25, 2014 11:02am
Quoting aarontdang
{quote} I don't know if avg loss is a good idea (I got killed badly by it) But by the look at it .. it will continue downtrend ... Look at $A it suppose to be very strong ...All positive data... But it drop about 60 pips from last high Euro might follow and hit harder downtrend. Maybe I should start thinking to short UJ .... Look at how strong USD get ... And UJ not moving up much ...
Exactly. UJ is untouched. Thats the reason, I still hold EU long.

And any one given point, I got to exit hedging. So I prefer to exit at LON close - Assuming NY will not move below today's low.

I cannot count my hedged profit until EU hit 3481.
  • #912,563
  • Jul 25, 2014 11:06am Jul 25, 2014 11:06am
oy vey, oy vey, oy vey
  • #912,564
  • Jul 25, 2014 11:16am Jul 25, 2014 11:16am
Quoting naidra
{quote} 1.26xx ? :nerd: maybee..
...down until we see a signal, for now 1.333 is a nice number to reach !
  • #912,565
  • Jul 25, 2014 11:18am Jul 25, 2014 11:18am
Where is PANDAAAAAAAAAAAAAAAA?
  • #912,566
  • Jul 25, 2014 11:21am Jul 25, 2014 11:21am
Quoting Miguel.N
{quote} ...down until we see a signal, for now 1.333 is a nice number to reach !

when i heard 1.33 , i remember about fatpanda, she said it hundreds of time,
and I hope she has not changed his plans
  • #912,567
  • Jul 25, 2014 11:21am Jul 25, 2014 11:21am
Quoting ill_be_back
{quote} 1.34163 tonite
Close, Very Close
A good trader follows his rules, but great trader knows when to break them
  • #912,568
  • Jul 25, 2014 11:23am Jul 25, 2014 11:23am
Quoting Nan-ook
Where is PANDAAAAAAAAAAAAAAAA?
i also speak about fatpanda ,
"1.33 today !"
  • #912,569
  • Jul 25, 2014 11:26am Jul 25, 2014 11:26am
Quoting Magicmen
{quote} Exactly. UJ is untouched. Thats the reason, I still hold EU long. And any one given point, I got to exit hedging. So I prefer to exit at LON close - Assuming NY will not move below today's low. I cannot count my hedged profit until EU hit 3481.
Final arrangement

  1. Pending long at 3399
  2. Set SL=3380 on all open longs (including @3429) - Calculated based on hedged profit.
  3. If SL hit, no profit no gain this week.
  4. Expecting EU to close above @3450

Have a great weekend. I got long weekend (Including Monday).

GL. CYA

  • #912,570
  • Jul 25, 2014 11:31am Jul 25, 2014 11:31am
AB=CD with similar size pullbacks...spooky cool.

Attached Image
  • #912,571
  • Jul 25, 2014 12:06pm Jul 25, 2014 12:06pm
Quoting baconloutish
I personally like the 1.3500 to be my next entry point as well. Thanks!!
hey baconloutish, thanks but Sorry i previously suspected the EU would go back up about the 1.3500 level; however, it seemed like EU is now going on his bear course after the latest round of news last night.

Quoting Magicmen
I still hold EU long..
Quoting Panco
If you've been trading for over a year I would like to hear your sincere opinion.
Quoting FX-Junkie
Long EU @134.42
We have had excellent US news in the past two days including the highest unemployment claim since 2006. If positive date keeps showing up like this especially the positiveness in US job, I would say this is definitely gonna help Fed to execute it's QE exit and make a clean layout on the future rate hike decision. that would be bullish for dollar which would drive EU even lower.

On top of that, ECB wanted a lower EURO while and EURO is getting lower and lower.

On the technical side, EU bear on weekly continues and broke under it's major support at 1.3470 - 1.3500 zone which was also consistent with the fundamentals.
Attached Image

I can't wait to see how EU perform next week. Good luck.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #912,572
  • Jul 25, 2014 12:07pm Jul 25, 2014 12:07pm
Quoting Magicmen
{quote} Yes sir. Initial @3522 (No SL) Latest @3529 (SL=3526) Edit: Now my avg 3481
I have 1.3416 then up to 1.344xx then DOWN to 1.33718
A good trader follows his rules, but great trader knows when to break them
  • #912,573
  • Jul 25, 2014 12:12pm Jul 25, 2014 12:12pm
My dear Euro, London is out for this week, so at last, you can freely breathe..
So..letīs come to bright tomorrows together, up and upper we will go
  • #912,574
  • Jul 25, 2014 12:20pm Jul 25, 2014 12:20pm
Quoting NoCoolNick
Well i didnt get 1380 today, but got to see new lows as expected. Looking good as we go into next week. Big question is how low, because lower we will go. Have a nice weekend.
If even lower. Like said before in previous post so many anticipate the short and keep at it until that bullish long hits and then what or even the plateau to bullish?
>_<
  • #912,575
  • Jul 25, 2014 12:21pm Jul 25, 2014 12:21pm
Everyone have a wonderful weekend, and please remember that market will always go against the sentiment of the masses. Imagine if the market moved upwards if 70% of the people were buying... Instead of using terms like "stop hunt" why don't we follow what the minority is doing. It appears to work much better then following the herd.
Banks scalp, why don't you?
  • #912,576
  • Edited 12:48pm Jul 25, 2014 12:21pm | Edited 12:48pm
Just some thoughts before weekend is here and get ready for a new trading week next week...

So I kept telling and have been telling traders that he must have stop during trading; However, more than 90% the time, I was ignored.

Below is an example I pulled from one of the LIVE fellow traders here (i have his system name removed of course). More than 30 days worth of consistent gain got eaten away due to no stop and poor trade management in the past two days or so.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 28 KB

I too have suffered large drawdown due to no stop protection in earlier trading years, but now every stop order I have is well and carefully calculated and placed.

Just remember, painful lesson doesn't need to be learned over and over and over again and again. And this lesson is learn again today.

I would like to thank this person and his chart above to give us this opportunity to learn and moving forward.
I hope he is or will be fine.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #912,577
  • Jul 25, 2014 12:24pm Jul 25, 2014 12:24pm
Gradual gain but instant loss.
>_<
  • #912,578
  • Jul 25, 2014 12:27pm Jul 25, 2014 12:27pm
My issues with Stops is misplacement. Even though I can be on the correct path Long/Short the issue is I may misplace a Stop 10-15 pips to short which is horrible so I still need work.
>_<
  • #912,579
  • Jul 25, 2014 12:33pm Jul 25, 2014 12:33pm
Hi FF traders. been away from trading for almost a month.

reflecting on some of my bad trade decisions.

my mind was too occupied with my positions in red that i wanted to recover it too soon.

operating too large a position in a TF that is too small, which led to larger losses.


Been sitting a short position for 1 month now, and i think i am going to sit on this short position it until it sees 1.3380.

Greenpips to all.
  • #912,580
  • Jul 25, 2014 12:38pm Jul 25, 2014 12:38pm
[quote=Magicmen;7631733]{quote} Final arrangement Pending long at 3399 Set SL=3380 on all open longs (including @3429) - Calculated based on hedged profit. If SL hit, no profit no gain this week. Expecting EU to close above @3450 Have a great weekend. I got long weekend (Including Monday). GL. CYA[/quote


i'll probably set a S/L this week-end too .. But its hard to accept you're wrong .. Especially when all the hard work you've done in one month is gone in three trade !!!
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