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  • #521
  • Dec 10, 2014 6:25pm Dec 10, 2014 6:25pm
Can someone please answer my question about the 17.2 support line? Just looking for your opinion on what constitutes failure of this as a 'retrace' or at least a minor retrace. October was down to 105. Where would this have to go? When do you stop looking up and start looking down? (can't ask this on the other thread because they'll piss on you and say it's already looking down)
  • #522
  • Dec 10, 2014 6:29pm Dec 10, 2014 6:29pm
Quoting chsortman
Can someone please answer my question about the 17.2 support line? Just looking for your opinion on what constitutes failure of this as a 'retrace' or at least a minor retrace. October was down to 105. Where would this have to go? When do you stop looking up and start looking down? (can't ask this on the other thread because they'll piss on you and say it's already looking down)
No one can tell you the answer, it is all subjective.

Price could turn up now at 117.50 or drop to 115 to the 38.2 fib level on a daily chart. Who knows. I would say though that normally I would start looking for shorts once the previous low was broken, but that is me. With this pair I have been bullish and not traded it short, maybe I should have followed my own rules. To be honest the hype got me going a bit ha.
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  • #523
  • Dec 10, 2014 6:30pm Dec 10, 2014 6:30pm
Quoting benaiah
{quote} ha ha There I go again, I'm on a role misinterpreting posts. Sorry. Some of the posts prior have made me ultra-sensitive. But you did mention selling Anyway, just kidding. Thanks for your response. I'll try not to be so sensitive...
cheers, dude.
  • #524
  • Dec 10, 2014 6:35pm Dec 10, 2014 6:35pm
Quoting chsortman
The way I see it I'm letting go of my longs if it breaks 17.261 (the low of the last retrace). This would be a failure... anyone disagree with this?
I would never tell someone what to do, as it's not my risk. I know there will be a bounce, and I know the price will at least "try" to go at the prior high. But other than that, no way to know what it might do, when.

But I'll also so this, typically when price falls straight down like this, it bounces straight up at some point, i.e. yesterday's 200 pip bounce. I wish there was way to predict reliably when this would happen, but can only watch and see...
  • #525
  • Edited 8:59pm Dec 10, 2014 6:40pm | Edited 8:59pm
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You want to buy? We sell many USD here.

(Don't mind me. Just comparing to Rambo 3 scene)
  • #526
  • Dec 10, 2014 6:43pm Dec 10, 2014 6:43pm
Quoting benaiah
{quote} I would never tell someone what to do, as it's not my risk. I know there will be a bounce, and I know the price will at least "try" to go at the prior high. But other than that, no way to know what it might do, when. But I'll also so this, typically when price falls straight down like this, it bounces straight up at some point, i.e. yesterday's 200 pip bounce. I wish there was way to predict reliably when this would happen, but can only watch and see...
just asking for opinions
  • #527
  • Dec 10, 2014 6:52pm Dec 10, 2014 6:52pm
Quoting chsortman
Can someone please answer my question about the 17.2 support line? Just looking for your opinion on what constitutes failure of this as a 'retrace' or at least a minor retrace. October was down to 105. Where would this have to go? When do you stop looking up and start looking down? (can't ask this on the other thread because they'll piss on you and say it's already looking down)
I'm almost afraid to give my opinion. Other poster already seems to be blaming this thread for not following his own rules ha ha.

But I will give you my opinion, with my signature disclaimer, and also with respect to you knowing you are mature enough to take responsibility for your own decisions. Wow, I kind of went on and on there. Must be the espresso kicking in.

Anyway, price is really, really, moving right now, as in fast movement, and not just dropping like a ton of bricks anymore. Seems undecided. Could be a bounce (although I'm not calling it). I think something may become clear, at least for the short term soon. I may or may not post it, depending on how reliable I view it. But I would say, you are on the right track, in picking a point where you will just fold it for now. But what if price never hits 117.2? Maybe you'll be that fortunate.

The monthly pivot is at 116.69. How would you feel if price bounced there after you closed out? Just something to consider.
  • #528
  • Dec 10, 2014 6:53pm Dec 10, 2014 6:53pm
Quoting chsortman
{quote} just asking for opinions
No problem. Just tried to give opinion, but I tend to get to wordy :nerd:
  • #529
  • Dec 10, 2014 6:55pm Dec 10, 2014 6:55pm
Quoting benaiah
{quote} I'm almost afraid to give my opinion. Other poster already seems to be blaming this thread for not following his own rules ha ha. But I will give you my opinion, with my signature disclaimer, and also with respect to you knowing you are mature enough to take responsibility for your own decisions. Wow, I kind of went on and on there. Must be the espresso kicking in. Anyway, price is really, really, moving right now, as in fast movement, and not just dropping like a ton of bricks anymore. Seems undecided. Could be a bounce (although I'm not...
THAT'S what I was looking for. Thanks
  • #530
  • Dec 10, 2014 6:56pm Dec 10, 2014 6:56pm
Quoting chsortman
{quote} THAT'S what I was looking for. Thanks
  • #531
  • Dec 10, 2014 6:57pm Dec 10, 2014 6:57pm
Quoting benaiah
{quote} I'm almost afraid to give my opinion. Other poster already seems to be blaming this thread for not following his own rules ha ha. But I will give you my opinion, with my signature disclaimer, and also with respect to you knowing you are mature enough to take responsibility for your own decisions. Wow, I kind of went on and on there. Must be the expresso kicking in. Anyway, price is really, really, moving right now, as in fast movement, and not just dropping like a ton of bricks anymore. Seems undecided. Could be a bounce (although...
Since when did I blame this thread for not following my own rules.

I stated when I came on this forum I was not looking at going short on this pair. Obviously I got that wrong as I believed it was going to go up to 122. That was my mistake and I have lost 3.5% of my account.

Never said or implied it was you or this thread, you have created that situation yourself..
  • #532
  • Dec 10, 2014 6:59pm Dec 10, 2014 6:59pm
Quoting Sunsilk
{quote} Since when did I blame this thread for not following my own rules. I stated when I came on this forum I was not looking at going short on this pair. Obviously I got that wrong as I believed it was going to go up to 122. That was my mistake and I have lost 3.5% of my account. Never said or implied it was you or this thread, you have created that situation yourself..
I would never blame anyone else either. I break all the rules. I trade BIG. I win BIG and I lose BIG. no one's fault but my own.
  • #533
  • Dec 10, 2014 7:04pm Dec 10, 2014 7:04pm
Quoting Sunsilk
{quote} Since when did I blame this thread for not following my own rules. I stated when I came on this forum I was not looking at going short on this pair. Obviously I got that wrong as I believed it was going to go up to 122. That was my mistake and I have lost 3.5% of my account. Never said or implied it was you or this thread, you have created that situation yourself..
Ha ha, so I'm not the only sensitive one here

What makes you think I was talking about you? If you never mentioned the thread, or me.
  • #534
  • Dec 10, 2014 7:04pm Dec 10, 2014 7:04pm
Quoting chsortman
{quote} I would never blame anyone else either. I break all the rules. I trade BIG. I win BIG and I lose BIG. no one's fault but my own.
Are you consistent with that method?

Do you win more than you lose or vice versa?

How do you manage your emotions with it?
  • #535
  • Dec 10, 2014 7:07pm Dec 10, 2014 7:07pm
Quoting benaiah
{quote} Ha ha, so I'm not the only sensitive one here What makes you think I was talking about you? If you never mentioned the thread, or me.
Because I wrote the post about not following my own rules about 2 minutes before hand.

It doesn't take a rocket scientist, and I would rather people communicate. It makes life a lot easier.

I am cool with things, but it seemed like it needed an explanation.
  • #536
  • Dec 10, 2014 7:07pm Dec 10, 2014 7:07pm
Quoting Sunsilk
{quote} Are you consistent with that method? Do you win more than you lose or vice versa? How do you manage your emotions with it?
It all depends one what day you're asking.

I am fine with emotions...

I hate rules. I love the seat of the pants trading.

I'm just lucky that I have enough money that I'm not trading away my life savings.

Never proclaimed to be good at it! But I do enjoy it (more so when I'm winning).

I've been live trading for a month and a half if you must know, and this is the first time I've been into my principal investment money. All of my other losses have been paper profit losses.
  • #537
  • Dec 10, 2014 7:12pm Dec 10, 2014 7:12pm
Quoting Sunsilk
{quote} Because I wrote the post about not following my own rules about 2 minutes before hand. It doesn't take a rocket scientist, and I would rather people communicate. It makes life a lot easier. I am cool with things, but it seemed like it needed an explanation.
Excellent detective work. Maybe it's me being sensitive again.

But I spoke without thinking, and it was kind of a flippant remark. Your response was warranted. Please accept my apology
  • #538
  • Dec 10, 2014 7:14pm Dec 10, 2014 7:14pm
Quoting chsortman
{quote} It all depends one what day you're asking. I am fine with emotions... I hate rules. I love the seat of the pants trading. I'm just lucky that I have enough money that I'm not trading away my life savings. Never proclaimed to be good at it! But I do enjoy it (more so when I'm winning)
If you have enough money that is cool.

Although I can agree winning is definitely better than losing.

How long have you been trading for?
  • #539
  • Dec 10, 2014 7:19pm Dec 10, 2014 7:19pm
Quoting benaiah
{quote} Excellent detective work. Maybe it's me being sensitive again. But I spoke without thinking, and it was kind of a flippant remark. Your response was warranted. Please accept my apology
No problem.
  • #540
  • Dec 10, 2014 7:20pm Dec 10, 2014 7:20pm
Think it's time for a little elevation based upon daily :-)
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