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EURUSD

  • #949,321
  • Jan 12, 2015 5:14am Jan 12, 2015 5:14am
Quoting Delboy2010
{quote} Taken profit 82 pips
  • #949,322
  • Jan 12, 2015 5:15am Jan 12, 2015 5:15am
Quoting honasona
{quote}
If he took 82 pips today, he either had massive draw down from entering the trade last week. or he went short at the daily high today, which is extremely lucky.
  • #949,323
  • Jan 12, 2015 5:25am Jan 12, 2015 5:25am
Quoting slayeruk
{quote} If he took 82 pips today, he either had massive draw down from entering the trade last week. or he went short at the daily high today, which is extremely lucky.
Some people might actually consider 82 pips as a rather small drawdown and drawdown is relative to the account and the trade size...
Sooo i dont see your point...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #949,324
  • Jan 12, 2015 5:29am Jan 12, 2015 5:29am
Quoting slayeruk
{quote} Why would you do that? It's not a very good strategy. You will almost certainly hit a 10 pip SL. Only if you are lucky will you succeed with that tactic.
nah i would thinking about long too at this level, it was resisting there almost for 1 hours, and cannot push lower, scalp for 15 pips seems like great idea there
  • #949,325
  • Jan 12, 2015 5:33am Jan 12, 2015 5:33am
Quoting fxtyrant
{quote} Some people might actually consider 82 pips as a rather small drawdown and drawdown is relative to the account and the trade size... Sooo i dont see your point...
Would you consider 82 pips a small draw down? 82 pips is almost 2 times the size of E/U's daily trading range.
  • #949,326
  • Jan 12, 2015 5:34am Jan 12, 2015 5:34am
small sign to move down again maybe..im not quite sure..
the true currencies here is patience and react precisely
  • #949,327
  • Jan 12, 2015 5:34am Jan 12, 2015 5:34am
Quoting TomFord
{quote} Would you consider 82 pips a small draw down? 82 pips is almost 2 times the size of E/U's daily trading range.
Exactly
  • #949,328
  • Jan 12, 2015 5:42am Jan 12, 2015 5:42am
break of 1.1818 would indicate long for me
  • #949,329
  • Jan 12, 2015 5:43am Jan 12, 2015 5:43am
Quoting slayeruk
{quote} Exactly
It is all subjective really. To some traders a 82 pip drawdown is not a loss at all, as per pip they may only be wagering 15 cents per pip as their account is 50,000usd. Or 82 pips maybe margin call for someone who takes higher risk. The reality is the pips (82 pips) in this case doesn't change anything. It appears many people here prefer only to take sell orders (which of course is not going against the trend on the higher tf), but by the time the trend changes on the higher tf, EU would of moved up maybe 800 pips already. Fxtyrant said that Drawdown is relative to the account and the trade size... which of course is not true. That would be Drawdown %, as Drawdown by itself really means nothing. in other words you have Drawdown %, and Pip DRAWDOWN. Without Pip drawdown it is IMPOSSIBLE to calculate DRAWDOWN % or what so many people loosely call DRAWDOWN.
  • #949,330
  • Jan 12, 2015 5:45am Jan 12, 2015 5:45am
Quoting TomFord
{quote} It is all subjective really. To some traders a 82 pip drawdown is not a loss at all, as per pip they may only be wagering 15 cents per pip as their account is 50,000usd. Or 82 pips maybe margin call for someone who takes higher risk. The reality is the pips (82 pips) in this case doesn't change anything. It appears many people here prefer only to take sell orders (which of course is not going against the trend on the higher tf), but by the time the trend changes on the higher tf, EU would of moved up maybe 800 pips already. Fxtyrant said...
Well If I get 82 pips draw down on a single trade to make 82 pips that is 1:1 risk reward, its ok but not great in the long run. Regardless of lot size or account size. That trade in particular I class as high risk.
  • #949,331
  • Jan 12, 2015 5:47am Jan 12, 2015 5:47am
We should see again test 795 as long as 805 holds. 805 is key. I am shorting with tight SLs near it.
  • #949,332
  • Jan 12, 2015 5:48am Jan 12, 2015 5:48am
Quoting TomFord
{quote} Would you consider 82 pips a small draw down? 82 pips is almost 2 times the size of E/U's daily trading range.
For a day trader, that may be awful, but for a swing/position trader, it's quite acceptable, considering the charts he probably uses.
  • #949,333
  • Jan 12, 2015 5:48am Jan 12, 2015 5:48am
Quoting TomFord
{quote} It is all subjective really. To some traders a 82 pip drawdown is not a loss at all, as per pip they may only be wagering 15 cents per pip as their account is 50,000usd. Or 82 pips maybe margin call for someone who takes higher risk. The reality is the pips (82 pips) in this case doesn't change anything. It appears many people here prefer only to take sell orders (which of course is not going against the trend on the higher tf), but by the time the trend changes on the higher tf, EU would of moved up maybe 800 pips already. Fxtyrant said...
  • #949,334
  • Jan 12, 2015 6:01am Jan 12, 2015 6:01am
82 pips it can be all or nothing, just like 1 dollar is it much or is it nothing? It all depends on the context.
  • #949,335
  • Jan 12, 2015 6:05am Jan 12, 2015 6:05am
1.1750 or 1.1850 first ??? what do you guys think at this moment ???
Everything you want lies on the other side of fear.
  • #949,336
  • Jan 12, 2015 6:05am Jan 12, 2015 6:05am
Quoting Neeraj_Raj
1.1750 or 1.1850 first ??? what do you guys think at this moment ???
Undecided so far.
break of 1.1818 would indicate long for me although that is against the larger trend, the current trend is long.
  • #949,337
  • Jan 12, 2015 6:07am Jan 12, 2015 6:07am
1.1800 is being a bitch
  • #949,338
  • Jan 12, 2015 6:09am Jan 12, 2015 6:09am
lol at bulls. What happened? I thought this was the turnaround....

(still looking to 1885 and 2327 for shorts.....) had 1844 for a long, but didn't pull the trigger. Could shoulda woulda right?
  • #949,339
  • Jan 12, 2015 6:10am Jan 12, 2015 6:10am
I will say 66% short
  • #949,340
  • Jan 12, 2015 6:14am Jan 12, 2015 6:14am
EURUSD likely to plunge below previous lows.
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