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  • #974,241
  • Mar 26, 2015 9:36am Mar 26, 2015 9:36am
Quoting Magicmen
Looks like this thread transforming from EURUSD to FXTYRANT gossip
yes in their mind fully concentrated bunch of people
that is why lots of people leave this place

___
taking half of on eu and ec to limit the risk. managing.
au still long here 7820
  • #974,242
  • Mar 26, 2015 9:36am Mar 26, 2015 9:36am
Quoting MallocMB
{quote} 1-2 weeks frozen account equity with a possible large loss in the end , when profit could have been made on other pairs is the mistake. Now does that matter because he trades many other things besides FX, maybe. Also its not a huge deal, his account is large but "some" people could classify it as a mistake, some strategy.
In the end profit is profit, not matter when nor where. The problem is when someone wants profit at a specific moment and place, like children
  • #974,243
  • Mar 26, 2015 9:37am Mar 26, 2015 9:37am
Have to really hand it to the professionals Lol, massive trapping of bulls above 1.10 and then the quick selldown.

Anyone betting on a quick move to 1.07?
  • #974,244
  • Mar 26, 2015 9:37am Mar 26, 2015 9:37am
Quoting sisse
{quote} Euro lost 1.096x on the opening range. Clearing last remaining longs [shorts typo] here. Reverse in play to 1.087x in a rather quick leg for the rest of the session... sisse
Sisse, I might be a lame question, but still for reasons of learning, why do you think it should go to 1.087x, since 1.09x seems to be a strong level also, at least for the las 72 hours. Is it because 1.08717 is a Daily 32,8 fibo level, or is it because there was hig volume on selling, both of the above, none of the above?

I am asking because here would be a good position form me to exit, before the GDP numbers, but also because 1.087x would be even a better position to exit my shorts

thanks
  • #974,245
  • Mar 26, 2015 9:38am Mar 26, 2015 9:38am
Quoting MikiFX
{quote} In the end profit is profit, not matter when nor where. The problem is when someone wants profit at a specific moment and place, like children
But more profit is more profit.

Really if he exited a long time ago, he could have gotten some gains on other pairs and entered short NOW.

Some people consider this a mistake, and some swing traders who hold draw down and then just profit on longer time frames call it strategy.
But one makes more money than the other when you compare two traders.
If you want to argue 1000 profit is equal to 10000 profit, im not sure what to say...
  • #974,246
  • Mar 26, 2015 9:39am Mar 26, 2015 9:39am
Quoting sisse
{quote} yes i corrected the post already... sisse
Thanks, I am relaxed
  • #974,247
  • Mar 26, 2015 9:40am Mar 26, 2015 9:40am
Quoting sisse
Just heads up for those interested .... Risk alerts starting to trigger across the board waiting for the US to enter in the equation via the YEMEN/ Saudi issue. This is the first time in nearly 3 years we may have a "risk play". Not even the Ukrainian crisis triggered a risk play but markets are not ignoring as much as I thought the Saudi/Yemen issue. Tracking closely the issue with the US waking up and markets opening. For those not familiar (and new traders) with risk events, basically it triggers risk on / off trading (buy dollar and gold as...
Is this risk play a short term?
  • #974,248
  • Mar 26, 2015 9:40am Mar 26, 2015 9:40am
dear fellow traders,
I know you all busy with your life and trading etc ... but since everyone here agrees on the value of sisse's insights, I suggest that those of you who are experienced enough to kindly try and break down his insights for us, beginners, because we all, I suppose, in the same boat as real people who have families to provide a decent life for, dealing with hard earned money, and hope we can make it through trading.
I'm not after anyone to trade for me, but I'm really keen to treat this thing as a real business.
I hope this makes sense and we all benefit from it.
Andrew
  • #974,249
  • Mar 26, 2015 9:40am Mar 26, 2015 9:40am
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  • #974,250
  • Mar 26, 2015 9:41am Mar 26, 2015 9:41am
Quoting ptyforex
{quote} The fact is a red position of 231 pips for a scalper is a margin call about 3 times over, but for a swinger it is normal. The reality is 230 pips once a market starts to accumulate will almost certainly turn into 500-800 pip loss. I believe if swingers, and scalpers a like aim for accuracy then you would never allow such a high PIP-DRAWDOWN. Which leads to Pip-drawdown to Drawdown %.... Which is important. I would say PIP-DRAWDOWN is more important, because it is what is used to calculate your DRAWDOWN %
What you said there is oversimplification. As scalper, 230 pips for me is not margin call, not nearly there. It all depends how much can you grab from market a day and what your system tolerates for RR/WR.
  • #974,251
  • Mar 26, 2015 9:41am Mar 26, 2015 9:41am
Quoting ws121
dear fellow traders, I know you all busy with your life and trading etc ... but since everyone here agrees on the value of sisse's insights, I suggest that those of you who are experienced enough to kindly try and break down his insights for us, beginners, because we all, I suppose, in the same boat as real people who have families to provide a decent life for, dealing with hard earned money, and hope we can make it through trading. I'm not after anyone to trade for me, but I'm really keen to treat this thing as a real business. I hope this makes...
No one fully understands except sissie
  • #974,252
  • Mar 26, 2015 9:43am Mar 26, 2015 9:43am
Quoting janpec1000
{quote} What you said there is oversimplification. As scalper, 230 pips for me is not margin call, not nearly there. It all depends how much can you grab from market a day and what your system tolerates for RR/WR.
Yes considering account size, any one person can scalp with small size lots, large lots or all in risk scalps with break even stops, which made a bit of money post FOMC! So margin call depends on account size / lot size.
  • #974,253
  • Mar 26, 2015 9:43am Mar 26, 2015 9:43am
Quoting 21vs7
{quote} yes in their mind fully concentrated bunch of people that is why lots of people leave this place ___ taking half of on eu and ec to limit the risk. managing. au still long here 7820
EU may range from here through 0887.
  • #974,254
  • Mar 26, 2015 9:45am Mar 26, 2015 9:45am
Quoting MallocMB
{quote} No one fully understands except sissie
I'm sure there are some who usually get involved in a conversation with sisse, and they're kind people as well.
  • #974,255
  • Mar 26, 2015 9:45am Mar 26, 2015 9:45am
900 has to break at any cost today else another attempt to 1.1+ or range for this month and next month up
You cannot learn better without losing
  • #974,256
  • Mar 26, 2015 9:46am Mar 26, 2015 9:46am
Quoting ws121
{quote} I'm sure there are some who usually get involved in a conversation with sisse, and they're kind people as well.
Honestly sissie is usually right so I read the posts and pull out the pairs and numbers stated, draw the lines on my graph and analyze. I don't read the jargon.
  • #974,257
  • Mar 26, 2015 9:48am Mar 26, 2015 9:48am
if i was dead set to long.. i would wait for 0832..its free to wait. if its bullish at 0912 to u.. it will be cheaper at 0832 or some. and by then, it may not be bullish to u.. but it will be 80 pips cheaper. the same for a short, its gone 145 ish pips already.. odds of further movement lower are on the risky side of adr .. 0942 is the 1/2 way point from the atm high to 0832 by strange coincidence. atm low is 0905
those who can, do. those who cant, talk about those who can
  • #974,258
  • Mar 26, 2015 9:48am Mar 26, 2015 9:48am
I'm seeing some one hour power up. probably a small bull. But the session is over, just usa is open. Asia never does anything overall. Sydney pretty small influence, so I don't expect much until thursday night.
  • #974,259
  • Mar 26, 2015 9:51am Mar 26, 2015 9:51am
The EUR/USD rose today and reached 1.1040 but it seems that the pair has run out of steam as it began descending again. It is likely headed for 1.0850, where there is a pretty strong support coinciding with the (89) MA on the four hour filter chart.
  • #974,260
  • Mar 26, 2015 9:51am Mar 26, 2015 9:51am
Quoting Kofmaster
Bear should only consider shorting if these levels are broken:- 1.09 1.077 1.06 or else its really risky to short at what is perceived as top when its really not..
Now the bear has really shown its hand.. so far so good. 1.09 still holding. From here onwards to 1.102 great place to short. Still depending on how today daily candle look like, and weekly close as well.

Lets see.
Read the entire market, money is made on the main trend not the fluctuation
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