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  • #922,581
  • Sep 9, 2014 9:11pm Sep 9, 2014 9:11pm
Quoting OnlineAddict
{quote} Yes, but 2960 is where the SL should be, at least for me.
I don't know how people set their tps and sls. Only thing I know is that on hitting any of these two, your position closes. So it is where you want to close your position. Now, if you close your position there, where will you open a new position? It doesn't matter where we open a new position, this is Zero Mile level. Price goes up and down again from this level. So my question is, if you will be opening a new position in the same or opposite direction, why to close the current position? If you keep on closing your position, will never make 50 Billion Dollars only to keep 100 Million in the end and give rest for improvement of American education system.
The Thief of Wall Street
  • #922,582
  • Sep 9, 2014 9:16pm Sep 9, 2014 9:16pm
Quoting Chicky
{quote} I don't know how people set their tps and sls. Only thing I know is that on hitting any of these two, your position closes. So it is where you want to close your position. Now, if you close your position there, where will you open a new position? It doesn't matter where we open a new position, this is Zero Mile level. Price goes up and down again from this level. So my question is, if you will be opening a new position in the same or opposite direction, why to close the current position? If you keep on closing your position, will never make...
I set my SLs at lows/bottoms or important fight zones. 2960 was a huge fight zone, which made the break of 2920 possible. So lets say I was short from 2950, I close the trade -10 and wait for 2980-90, at least and go short from there, SL above 1.3. So once price is back to 2950, instead of being at 0, I'm already at 30-40 pips profit, for the same trade. But thats just how I think...for me, there is always higher to short from or lower to long from.

Btw USDX doesn't like 84 either...so we might get a re-test of 84.50, which could make 2880 or less possible. If both get rejected, that would make a nice long on EU. Double confirmed.
Everyone can see the chart, but only a few can actually read it.
  • #922,583
  • Sep 9, 2014 9:29pm Sep 9, 2014 9:29pm
Quoting imnicetoyou
{quote} well... I didn't expect EURO will fall 500 pips down , did you? don't know if anyone SHORT EURO for 500 pips in this rally. do you know anyone who did?
yes
those who can, do. those who cant, talk about those who can
  • #922,584
  • Sep 9, 2014 9:31pm Sep 9, 2014 9:31pm
I am just gonna say one thing, and i am gonna go away for couple hours.

Apple F it up really bad this time. Note 4 release in Oct.

Time Cook says "Apple is not going to be the first, but is the best." Wow, what a turnaround from Jobs.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #922,585
  • Sep 9, 2014 9:32pm Sep 9, 2014 9:32pm
Time to go long for 30/40 pips on eur/usd. It is currently at 1.2931. Stop should be 1.2900
The Thief of Wall Street
  • #922,586
  • Sep 9, 2014 9:35pm Sep 9, 2014 9:35pm
Quoting imnicetoyou
{quote} well... I didn't expect EURO will fall 500 pips down , did you? don't know if anyone SHORT EURO for 500 pips in this rally. do you know anyone who did?
Q. Did someone went short on usd/jpy in this rally for 1,000 pips.

A. yes!
The Thief of Wall Street
  • #922,587
  • Sep 9, 2014 9:36pm Sep 9, 2014 9:36pm
Quoting Chicky
Time to go long for 30/40 pips on eur/usd. It is currently at 1.2931. Stop should be 1.2900
This is not over...it will go down to 2915+-. But maybe during EU session.
Everyone can see the chart, but only a few can actually read it.
  • #922,588
  • Sep 9, 2014 9:39pm Sep 9, 2014 9:39pm
sos,,, 2904 is part of 2946...other is = distance above 2946.. some are talking bullish. before that happens you need to close a larger tf above 2946.. atm if you are bullish going back to 2907/08 is just what happens mostly. both bears and bulls want 2907/08.. from here is what determines direction. pesonally i am short as posted yesterday about 2904 and 2946...
those who can, do. those who cant, talk about those who can
  • #922,589
  • Sep 9, 2014 9:43pm Sep 9, 2014 9:43pm
Quoting gatorinla
sos,,, 2904 is part of 2946...other is = distance above 2946.. some are talking bullish. before that happens you need to close a larger tf above 2946.. atm if you are bullish going back to 2907/08 is just what happens mostly. both bears and bulls want 2907/08.. from here is what determines direction. pesonally i am short as posted yesterday about 2904 and 2946...
I will join your shorts during EU session, if they manage to get it above 2945-50 again. Looking for 2805, if yesterday's bottom breaks this week.
Everyone can see the chart, but only a few can actually read it.
  • #922,590
  • Sep 9, 2014 9:49pm Sep 9, 2014 9:49pm
Quoting OnlineAddict
{quote} This is not over...it will go down to 2915+-. But maybe during EU session.
SL at 1.2920 should be adequate (for level of 1.2927), but I added few pips as some cushion.
The Thief of Wall Street
  • #922,591
  • Sep 9, 2014 9:54pm Sep 9, 2014 9:54pm
Quoting gatorinla
{quote} the year did close higher over the past few. no argument against bulls, i have a valid target for 4146. but we also have 397x to at least give some R. 4146 is a target, but the thing is we missed 3102. most times we will go to 3102 before 4146. at 397x the mid from 1.6 and the 1876 low seems like the best r/r for a short that we have had in years.. below 3102 is 29xx or about 1000 pips for a 50% retrace.
april 20 2013. for "im nice to you"

i didnt hold my s from 398x... i closed it and many others. i did take some missteps closing and expecting normal bounces (to add new shorts). i even longed in places where bounces normally happen (with mostly bad results).. judging by the eu chart and the usdx chart we have yet to reach the 1/2 way point. the problem atm is 1.2 e/chf.. i doubt the swiss can stop this with the ecb and the uscb traveling in opposite directions. if one want to know how for this can realistically go. go find the levels = or less then the year 1973. so 1/2 way to the above post may just be a small part of the larger move. the break in 2009 can print .8xxx
those who can, do. those who cant, talk about those who can
  • #922,592
  • Sep 9, 2014 9:56pm Sep 9, 2014 9:56pm
These levels are decisive
Don't speculate trade with surety.
  • #922,593
  • Sep 9, 2014 9:58pm Sep 9, 2014 9:58pm
Quoting gatorinla
{quote} april 20 2013. i didnt hold my s from 398x... i closed it and many others. i did take some missteps closing and expecting normal bounces. i even longed in places where bounces normally happen.. judging by the eu chart and the usdx chart we have ye to reach the 1/2 way point. the problem atm is 1.2 e/chf.. i doubt the swiss can stop this with the ecb and the uscb traveling in opposite directions. if one want to know how for this can realistically go. go find the levels = or less then the year 1973.
When you go that far, look for DM and not Euro.
The Thief of Wall Street
  • #922,594
  • Sep 9, 2014 10:00pm Sep 9, 2014 10:00pm
Quoting KiwiTrada
{quote} arrgh wrong chart this is right one {image}
So, you expect it bounce from .8224 to atleast .8533? And from .8533 to .76xx? Would you think it gonna to .76?? Event there is another rate hike? Could it bounce from here? Because tommorow it had another meeting and someone will say "unjustified" and make new low, lol..
  • #922,595
  • Sep 9, 2014 10:01pm Sep 9, 2014 10:01pm
Quoting Chicky
{quote} SL at 1.2920 should be adequate (for level of 1.2927), but I added few pips as some cushion.
London left it at 1.2922 this morning. May pick it up from there.
The Thief of Wall Street
  • #922,596
  • Sep 9, 2014 10:03pm Sep 9, 2014 10:03pm
wow ea on steriods, already faded last thursdays plop, now hunting wednesdays plop who would have thunk
If you are new to Forex? Say Goodbye to your account!!
  • #922,597
  • Sep 9, 2014 10:04pm Sep 9, 2014 10:04pm
Quoting Chicky
{quote} SL at 1.2920 should be adequate (for level of 1.2927), but I added few pips as some cushion.
Should be safe until the EU session or the end of asian session. I wouldn't target higher than 2955, though. After that London will take it down again...probably to my level of 2915+-. Entered a small long, too, at 2929. Target above 2950.
Everyone can see the chart, but only a few can actually read it.
  • #922,598
  • Sep 9, 2014 10:10pm Sep 9, 2014 10:10pm
Quoting KiwiTrada
wow ea on steriods, already faded last thursdays plop, now hunting wednesdays plop who would have thunk
LOL. EA does not respect its 1.4000 like euro does its. It has humiliated 1.4000 twice.
The Thief of Wall Street
  • #922,599
  • Sep 9, 2014 10:10pm Sep 9, 2014 10:10pm
Quoting Chicky
{quote} When you go that far, look for DM and not Euro.
it has to be converted to a basket. the dm alone would be stronger then the mixed basket.
those who can, do. those who cant, talk about those who can
  • #922,600
  • Sep 9, 2014 10:13pm Sep 9, 2014 10:13pm
Quoting OnlineAddict
{quote} Should be safe until the EU session or the end of asian session. I wouldn't target higher than 2955, though. After that London will take it down again...probably to my level of 2915+-. Entered a small long, too, at 2929. Target above 2950.
I think it will start moving up before European session. When London will refuse to buy from Japs at their price, Tokyo may make it a little attractive at 1.2922, the price London has already paid this morning. This is just my thinking.
The Thief of Wall Street
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