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  • #930,581
  • Oct 20, 2014 4:02am Oct 20, 2014 4:02am
sold at 1.2757. I think we are heading sub 2720.
  • #930,582
  • Oct 20, 2014 4:13am Oct 20, 2014 4:13am
Quoting Chicky
{quote} I didn't get you, how a close helps in sustaining a level. Why closes are necessary to make a difference? and why a close? why not an open?
If the close is below/above any level, it supports the strength of that level
Money never sleeps I can hear the dollar calling me
  • #930,583
  • Oct 20, 2014 4:17am Oct 20, 2014 4:17am
Solid hourly close below 1.2730 would lead us to the next stop, 1.2690.

Its is pretty difficult to see a real movement today, I expect sideways until tomorrow.
  • #930,584
  • Oct 20, 2014 4:18am Oct 20, 2014 4:18am
Quoting shivam332
{quote} If the close is below/above any level, it supports the strength of that level
lol. I came to know after trading for so many years. kid go to school.
  • #930,585
  • Oct 20, 2014 4:24am Oct 20, 2014 4:24am
Quoting giveachance
{quote} lol. I came to know after trading for so many years. kid go to school.
I don't really need to go to school
You need to go.
Money never sleeps I can hear the dollar calling me
  • #930,586
  • Oct 20, 2014 4:34am Oct 20, 2014 4:34am
do you trade in options shivam332?
  • #930,587
  • Oct 20, 2014 4:53am Oct 20, 2014 4:53am
So mostly ranging today? Nothing in the news either, except tonight.
  • #930,588
  • Oct 20, 2014 4:58am Oct 20, 2014 4:58am
Quoting MaxDoom
looks like a good level to enter shorts.... {image}

http://prntscr.com/4xxsar

Structure is bullish, however key area yet to be taken. I am mainly looking for dolalr shorts on USDCHF.
  • #930,589
  • Oct 20, 2014 5:11am Oct 20, 2014 5:11am
Quoting nasko
{quote} I see you are using a similar technique. Do you use PA? Chrz
i guess so - s/r , candles , fibs
  • #930,590
  • Oct 20, 2014 5:14am Oct 20, 2014 5:14am
Listened to a pro here who has been trading for so many years and sold at 1.2757, now im down -17 pips lol.
  • #930,591
  • Oct 20, 2014 5:16am Oct 20, 2014 5:16am
Quoting fxtradeabi
Listened to a pro here who has been trading for so many years and sold at 1.2757, now im down -17 pips lol. Note to self: Ignore the FF pros.
You listened to a pro. That says a lot. Tip: Never take a tip from anyone no matter who they, Warren Buffet or your grandmother in trading.
All posts are my personal opinion
  • #930,592
  • Oct 20, 2014 5:19am Oct 20, 2014 5:19am
Quoting Rtm
{quote} You listened to a pro. That says a lot. Tip: Never take a tip from anyone no matter who they, Warren Buffet or your grandmother in trading.
I was bored, figured the pro was right, but -17 pips seems like a huge bet.
  • #930,593
  • Oct 20, 2014 5:26am Oct 20, 2014 5:26am
Quoting fxtradeabi
Listened to a pro here who has been trading for so many years and sold at 1.2757, now im down -17 pips lol.
It is all about Money Management, that "Pro" could have a 30 or 40 pips stop-loss!

One more important thing to notice, if the "Pro"'s opinion is matching your technical analysis then yes it makes sense for you to take the trade, otherwise it is completely not acceptable to take a trade just for the sake of a "Pro" call.
  • #930,594
  • Oct 20, 2014 5:28am Oct 20, 2014 5:28am
funny
That which does not kill us makes us stronger
  • #930,595
  • Oct 20, 2014 5:33am Oct 20, 2014 5:33am
Quoting fxmasterdxb
{quote} It is all about Money Management, that "Pro" could have a 30 or 40 pips stop-loss! One more important thing to notice, if the "Pro"'s opinion is matching your technical analysis then yes it makes sense for you to take the trade, otherwise it is completely not acceptable to take a trade just for the sake of a "Pro" call.
It doesn't match word for word but I think 1.2757 was too early, maybe 1.2780 or something would've been better. Market's on a range.
  • #930,596
  • Oct 20, 2014 5:34am Oct 20, 2014 5:34am
'Morning all,
Sold @ 2768
SL @ 2785
TP @ 2732
  • #930,597
  • Oct 20, 2014 5:36am Oct 20, 2014 5:36am
Quoting fxmasterdxb
{quote} It is all about Money Management, that "Pro" could have a 30 or 40 pips stop-loss! One more important thing to notice, if the "Pro"'s opinion is matching your technical analysis then yes it makes sense for you to take the trade, otherwise it is completely not acceptable to take a trade just for the sake of a "Pro" call.
Absolutely right Fx,
I've lost more money following comments from people I trust than I ever would have following my own gut.

Edit: Currently -6 though so what do I know anyway!
  • #930,598
  • Oct 20, 2014 5:40am Oct 20, 2014 5:40am
Quoting fxtradeabi
Listened to a pro here who has been trading for so many years and sold at 1.2757, now im down -17 pips lol.
tut-tut - you'd have thought with so many years experience they'd have a 100% success rate wouldn't you?
  • #930,599
  • Oct 20, 2014 5:43am Oct 20, 2014 5:43am
Quoting chazzle
{quote} tut-tut - you'd have thought with so many years experience they'd have a 100% success rate wouldn't you?
  • #930,600
  • Oct 20, 2014 5:44am Oct 20, 2014 5:44am
Quoting fxmasterdxb
{quote} It is all about Money Management, that "Pro" could have a 30 or 40 pips stop-loss!
Or 300 which many use. Or 700.
My signature is: "Classified".
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