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  • #979,041
  • Apr 8, 2015 3:10pm Apr 8, 2015 3:10pm
Quoting TataFara
{quote} Little advice: when the market gives you an oppurtunity to correct previous mistake , you must take it and be grateful. If you see the market will continue declining then you will have a time to reanalyze and enter again with better signal. This is better that regretting later. Remember those trades were made based on wrong analysis.
Yeah, very true. If I get out with what little profit I (finally) have I've locked that in, AND there's NOTHING to keep me from entering a new trade going the same way, if price keeps moving that way.
  • #979,042
  • Apr 8, 2015 3:17pm Apr 8, 2015 3:17pm
Quoting TataFara
{quote} Little advice: when the market gives you an oppurtunity to correct previous mistake , you must take it and be grateful. If you see the market will continue declining then you will have a time to reanalyze and enter again with better signal. This is better that regretting later. Remember those trades were made based on wrong analysis.
This!

Ratmach: what you are doing now is probably what you were doing before: making decisions because of greed! Be very careful about that. Better to be grateful about your second chance and close it and rethink your play. There is always a next day to trade, that way! If you continue trading by greed, you will soon run out of "next days" to trade. If you're unsure about what's happening, play with very small lotsizes until you've got the hang of it or if you're into demo trading, try that. Good luck.
  • #979,043
  • Apr 8, 2015 3:23pm Apr 8, 2015 3:23pm
Quoting ExForX
{quote} This! Ratmach: what you are doing now is probably what you were doing before: making decisions because of greed! Be very careful about that. Better to be grateful about your second chance and close it and rethink your play. There is always a next day to trade, that way! If you continue trading by greed, you will soon run out of "next days" to trade. If you're unsure about what's happening, play with very small lotsizes until you've got the hang of it or if you're into demo trading, try that. Good luck.
Yep, thanks. Lots of good advice here, and I'm definitely listening. And yeah, I'm currently doing tiny little lot sizes (based on a tiny % of my account size), so I was at least smart enough to know to start really small. So really, considering that I win far more often than I lose, if I just get past this psychological hurdle (being tempted to hold onto the occasional loser, rather than setting a SL to begin with) I should be good.
  • #979,044
  • Apr 8, 2015 3:26pm Apr 8, 2015 3:26pm
Quoting ExForX
{quote} This! Ratmach: what you are doing now is probably what you were doing before: making decisions because of greed! Be very careful about that. Better to be grateful about your second chance and close it and rethink your play. There is always a next day to trade, that way! If you continue trading by greed, you will soon run out of "next days" to trade. If you're unsure about what's happening, play with very small lotsizes until you've got the hang of it or if you're into demo trading, try that. Good luck.
It's good advice. I guess I'll set my SL to breakeven for my EURUSD short.

But I feel like it's the worst thing in the world to make the right call, get stopped out due to a retracement, and then miss a big move down.

But I guess not using an SL and blowing an account is worse...
I am NOT an expert. I post to learn from others.
  • #979,045
  • Apr 8, 2015 3:26pm Apr 8, 2015 3:26pm
Those of you still wishing to long. Seems it is too early for that
Fed's Dudley says June rate hike still in play:
http://www.reuters.com/video/2015/04...eoChannel=1003
  • #979,046
  • Apr 8, 2015 3:33pm Apr 8, 2015 3:33pm
Sources say Janet Yellen is trading EUR/USD

Quote
Here are today's EUR/USD orders, direct from her broker
Buy EUR/USD at 1.0several

  1. Stop at 1.0other
  2. Profit at 1.0afew

Good to know what the world's most important central banker is thinking


Very helpful.
Life only tastes good when you eat what you kill.
  • #979,047
  • Apr 8, 2015 3:34pm Apr 8, 2015 3:34pm
Quoting cherader
Sources say Janet Yellen is trading EUR/USD {quote} Very helpful.
Intraday only.
  • #979,048
  • Apr 8, 2015 3:36pm Apr 8, 2015 3:36pm
Quoting PayTheLimit
{quote} yea he all good, keeping us busy....he is very interested in the milk market right now mostly... {image}


Watch out for NZ milk auction! LOL
Fix up, trade sharp ...
  • #979,049
  • Apr 8, 2015 3:52pm Apr 8, 2015 3:52pm
M5 ... trending south for the moment next touch of 07700 might cause an oversold bump up for a few, maybe even 07950. Overall end of the volatility session, will see in the morning.
  • #979,050
  • Apr 8, 2015 3:54pm Apr 8, 2015 3:54pm
First post here. Things are really interesting around here! Lots of chit chat going on. Anyway, trader for 6 years here with a Masters degree in financial engineering.

Regarding this pair, euro looks out of momentum for the time being but have to keep in mind thst the range is still holding and not until we break the 1.0723 level could we resume our bearish trend. Right now this is still consolidation period and i wouldnt go longterm either way. 1.770 is key. So is 1.1050. The range will hold until further news from Greece or more updates regarding the oil agreement with Iran. Lots of people are relying on rate hikes as the number one driver for this pair, missing other factors, this pair wont last long around these levels, 1.0520 will be hit soon opening the multi year low around 1.0450. Something big is right around the corner guys.

I will posting some of the trades i take on this pair, as im more into stocks and shares, too much politics around here y'know.

Current position: Look to sell around 1.0840/45

Good luck traders!
"The policy of being too cautious is the greatest risk of all."
  • #979,051
  • Apr 8, 2015 4:06pm Apr 8, 2015 4:06pm
...and we rolled. Bears didn't blink at the close and still held the hand intraday leaving the door wide open for a test 1.073x.

New intraday levels in play after the news and today close. 1.077x for the overnight session until Europe opens for do or kill for bulls this week. Nothing to do here except wait to see how it pans out so same swing levels, same plays, same all...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #979,052
  • Apr 8, 2015 6:11pm Apr 8, 2015 6:11pm
Quoting ashenv
Impending trend line support break? Daily:
http://www.forexfactory.com/attachme...1&d=1428431146
Yes.
Attached Image


Will admit to being a bit gun shy after the last FOMC minutes (and watching a lot of patient shorting unravel...). Took an almost no lev. long from 1.077 just to see, but am feeling better about starting to short again.

Welcome, Cryptic and thanks.
  • #979,053
  • Apr 8, 2015 6:20pm Apr 8, 2015 6:20pm
Quoting ill_be_back
{quote} Have a pending LONG at 1.07520 Target 1.109xx SL Normally under 10 But will adjust a bit
cancelled
A good trader follows his rules, but great trader knows when to break them
  • #979,054
  • Apr 8, 2015 6:37pm Apr 8, 2015 6:37pm
some more downside and will take look at pa around 1.073ish
Attached Image (click to enlarge)
Click to Enlarge Name: 1eurusd.PNG Size: 58 KB
  • #979,055
  • Apr 8, 2015 7:01pm Apr 8, 2015 7:01pm
UC 2400 held - for now anyway, I will be looking to short for another attemps using this weeks open as my marker 2556, FOMC done its thing, going to be a low liquidity day until tomorrow, becareful fomc then low data means troubled market
au kiwi looking to flip back to long but need a few more candles first, maybe a test of the fomc low not sure today may be a ​good day for the beach
If you are new to Forex? Say Goodbye to your account!!
  • #979,056
  • Apr 8, 2015 7:26pm Apr 8, 2015 7:26pm
Bears are gaining momentum right now...
I am NOT an expert. I post to learn from others.
  • #979,057
  • Apr 8, 2015 7:53pm Apr 8, 2015 7:53pm
Well I wasn't expecting that drop during asian...what the heck.
  • #979,058
  • Apr 8, 2015 7:53pm Apr 8, 2015 7:53pm
Quoting rehorst
Head and Shoulders, plus previous low, plus Tyrant, and go go go. {image}
We're well in the money now
1.1 proved to be key resist
Im thinking bout moving tp lower
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #979,059
  • Apr 8, 2015 7:57pm Apr 8, 2015 7:57pm
Expectation of Euro Zone from FOMC wouldn't fulfilled
If you have poor psychology you will struggle
  • #979,060
  • Apr 8, 2015 7:58pm Apr 8, 2015 7:58pm
Quoting Ck87
{quote} zero .
I dont need to speak much when im in the profit, was fast asleep anyways...
Already knew yellen was gona say rate hike is gona be data dependent... Shes not too bothered by march nfp...
Should go back to read what i wrote..
Yellen watches
1. Unenployment rate
2. Inflation in wages and prices
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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