EURUSD

Quoting pipster1

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By the way GU looks ready for a short...but wrong time of day for me

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Quoting hoom

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{quote} Sorry if you were offended in any way by my comment , I just wanted to say that in a bigger scale if you can identify levels that are likely to play as a magnet for price whatever its choice of direction you would save yourself the hardle of setting up a stop loss that would likely get hit before it goes in the intented level or exact TP. one more time , trade the way it suits you , I was only thinking out loud .

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Quoting WeeMee

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{quote} plus you will block more and more money which won't be available to make new profitable trades. it is true though, it's hard to learn exactly where to place those stop loss values. even with my small level of trading, ive had many a trade go down the drain by a few pips only to turn around the next second and make the original target. in fact that happened to my impulsive long yesterday. so i see the temptation of no stop loss, account manager gave me the i told you so, lol. but i still don't feel it's the way to trade for me.

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Quoting OnlineAddict

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{quote} Its always hard to predict where GU stops the fall or spike, so this time I will just set pending shorts under the important levels and wait for the bears to get in. Thinking about 5199, 5140, 5075 and 5032, once the price goes below 1.5, it would be a nice bunch of shorts there. And the highest, I really can't say...maybe 5260 was already it, but maybe bulls will break even that, so if we broke it, I will love to have my first short above 5300 and then keep adding on the way down the other 4. With target between 4750-4850.

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Quoting pipster1

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Wow...lol...my crude oil trade. Nice, had no idea it hit target: If I listened to these dicks..... Goldman Sees Need for $40 Oil as OPEC Cut Forecast Abandoned ... Slump in oil weighs on equities in volatile session Oil prices extend slide as growing glut triggers floating storage The...

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Quoting Pharm0r

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{quote} What'd you end up doing with your trade?

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Quoting pipster1

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{quote} Good Luck. Hope you get a new low!

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Quoting WeeMee

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{quote} i ended up leaving the stop loss and going to bed, woke up to find it was tripped by 16 pips. 1.1740 was fine the day before, but not for today, low was 1.1724 i believe so yeah 53 pip loss. oh well, live and learn.

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Quoting pipster1

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{quote} Hoom If PA is right.....3 pip SL is viable... {image} And here is the Result: {image} It says 1:3 RR but was actually 1:8 If PA is correct you can take tight stops....and I almost always do.

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Quoting Pharm0r

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{quote} Then you shit yourself when you saw that spike up huh? Most of us have been there. Market's a cold bitch. Sometimes, when I'm about to take a trade, I think....maybe I should just take the exact opposite because its just going to go against me. It's ok- you'll get the hang of it, for some- it's more expensive than for others. Don't let that spike up fool you into letting the next one ride. It could have just as easily gone the other way around. Figure out how you got in that position in the first place, and avoid it.

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Quoting WeeMee

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{quote} yes indeed, like i said i realized quite quickly that it was not a good trade in a few respects. i let emotion get the better of me, even though i should know by now not to go against the bigger trend, if i do try, then only when price is at bottom so sl is only a few pips away if there is no pull back, or correction etc. i am kicking myself for not just ending it while i was only 15 pips down. i did consider doing so, but other trades came to mind where i lost out in the end that way, but that was with a much lower level of understanding...

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Quoting Pharm0r

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{quote} Once it's lost- it's gone. Learn the lesson, but don't let it haunt you. That was one trade of hopefully thousands in your future.

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Quoting WeeMee

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{quote} yes indeed, like i said i realized quite quickly that it was not a good trade in a few respects. i let emotion get the better of me, even though i should know by now not to go against the bigger trend, if i do try, then only when price is at bottom so sl is only a few pips away if there is no pull back, or correction etc. i am kicking myself for not just ending it while i was only 15 pips down. i did consider doing so, but other trades came to mind where i lost out in the end that way, but that was with a much lower level of understanding...

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Quoting PL-Piotr

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EU UP 1,1850 - 60 ? What do you think...?

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Quoting OnlineAddict

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Trying a long here 1779, SL 1764, risking 15 pips, so not that bad. Target asian high, wherever they get it.

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Quoting deltaone

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i think todays low will be tested. draghi want´s to set up €qe, and advocate generals statements today made it likely: short @1,17883 sl 1,1801 tp 1,1727 {image}

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