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  • #996,541
  • Jun 2, 2015 3:46pm Jun 2, 2015 3:46pm
Quoting mitrapips
{quote} The next four hours should see a sustained down move. Small M15s not great but will do technically. But if it reverses big then the next 4 hours should be bearish (not consolidation and definitely not a new high). That will be my signal to fold or hold.
Heading towards an interesting point. Definitely bearish but wanted to see a little more drop as it is still far from inner BB. And anything can happen between inner and outer bb. But the momentum seems to have been halted for the time being and 1160 is now a minor resistance. H1 also looks primed for a fall and M15 trying to form h/s. Will keep this open for some more time.
The price will go where it has to go.
  • #996,542
  • Jun 2, 2015 3:48pm Jun 2, 2015 3:48pm
Quoting navk
{quote} I will be with you too. 1.1100 should not give away for Wednesday.
Lets see where this at before NFP
A good trader follows his rules, but great trader knows when to break them
  • #996,543
  • Jun 2, 2015 3:52pm Jun 2, 2015 3:52pm
Quoting janpec1000
{quote} Goldman is extractor. Headhunter. Why would you want to rationalize any of their public calls? Their strategy is to flip. Their foot goes so deep into FED and goverment that one trusting anything from them must be slightly delusional or very uninformed.
u seem to get sarcasm confused with rationalizing


rationalizing is below
Quoting janpec1000
{quote} Goldman is extractor. Headhunter. Their strategy is to flip. Their foot goes so deep into FED and goverment that one trusting anything from them must be slightly delusional or very uninformed.

raˇtionˇalˇize
ˈraSHənlˌīz,ˈraSHnəˌlīz/
verb
verb: rationalise

  1. 1.
    attempt to explain or justify (one's own or another's behavior or attitude) with logical, plausible reasons, even if these are not true or appropriate.

sarcasm is this post to you

those who can, do. those who cant, talk about those who can
  • #996,544
  • Jun 2, 2015 3:55pm Jun 2, 2015 3:55pm
Quoting Winthorpe
{quote} This is so very true. Just a couple of days ago, back in the dreary ranging period, Morgan Stanley sent out its advice to investors to "sell at 1.10 with a stoploss at 1.12" (can't bother with the link but it was posted in this thread) Of course, this made me quite paranoid and I concluded they'll probably push the price up to 1.10 and then kick-start another push over the stoploss, grazing on the profits.. 1.12 got missed by a hair's width and momentum is still up.. And Barclays "advised" practically the same. This alone made me stay away...
I'd like to see their(GS/JPM/MS) stock trading right after they upgrade/downgrade a stock or sector. I'd bet they're pretty good @ pump & dump. No easier way to get a 3-5% pop in 1 day so they can unload their large position.
  • #996,545
  • Jun 2, 2015 3:57pm Jun 2, 2015 3:57pm
thank you guys for adding new word to my vocabulary!
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Its not an advice and sorry for grammar.
  • #996,546
  • Jun 2, 2015 4:09pm Jun 2, 2015 4:09pm
I don't understand what I am reading.. my dear trader platform just sent me buy signal! Thank you, it was so meaningful after I blow my account today in this pair. Can somebody explain me a little bit of this signal?

They said 11100 is good point to buy. Well.. No need explain.

Trades at their highest levels in 70000 days! What is this?

Net daily loses is 2220000 pips .... What does it mean?

Trend line resistance is 11180 ... Obviously!
Its not an advice and sorry for grammar.
  • #996,547
  • Jun 2, 2015 5:09pm Jun 2, 2015 5:09pm
Quoting oundar
I don't understand what I am reading.. my dear trader platform just sent me buy signal! Thank you, it was so meaningful after I blow my account today in this pair. Can somebody explain me a little bit of this signal? They said 11100 is good point to buy. Well.. No need explain. Trades at their highest levels in 70000 days! What is this? Net daily loses is 2220000 pips .... What does it mean? Trend line resistance is 11180 ... Obviously!
Shhhh! it's a secret only those in the club know the answers to. To join the club please apply for your nearest padded cell and tailor made straight jacket. Otherwise just be happy you don't know all the answers.
I operate with clear definite rules, if I break them I lose BIG!
  • #996,548
  • Jun 2, 2015 5:13pm Jun 2, 2015 5:13pm
At what level would you close your shorts if you are traped an you see that this is retracing... 1.105x maybe? If we get there price could rocket up without news help.
Live and Keep Calm
  • #996,549
  • Jun 2, 2015 5:41pm Jun 2, 2015 5:41pm
EUR USD H4
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  • #996,550
  • Jun 2, 2015 5:52pm Jun 2, 2015 5:52pm
Quoting oundar
I don't understand what I am reading.. my dear trader platform just sent me buy signal! Thank you, it was so meaningful after I blow my account today in this pair. Can somebody explain me a little bit of this signal? They said 11100 is good point to buy. Well.. No need explain. Trades at their highest levels in 70000 days! What is this? Net daily loses is 2220000 pips .... What does it mean? Trend line resistance is 11180 ... Obviously!
Ha Ha Ha

I guess they sent this to you after all the uptrend is over !!
  • #996,551
  • Jun 2, 2015 5:57pm Jun 2, 2015 5:57pm
Quoting troneras
At what level would you close your shorts if you are traped an you see that this is retracing... 1.105x maybe? If we get there price could rocket up without news help.
Technically, 1.1086 and 1.1060 are very doable by the close of Wednesday sessions....however, it took some really deep pockets to push it up like this. So, you may want to watch it closely around the 1.1090 area. Perhaps a small bounce there and then down to 1.1060 area. A lot of pairs are reversing this week plus NFP on Friday...not the easiest week to trade. It's hard to tell if this is just a pump before NFP. Trade with small size this week. I got stopped out at BE on my first attempt to short, reloaded on the second reject of 1.1200. I'm ultimately looking for 1.1060, however, I'll take my profit fairly quickly if it shows much sign heading back north. Pretty confident in seeing at least 1.1090 though...may the force be with you!!!!!!!!
Don't trade the noise
  • #996,552
  • Jun 2, 2015 6:06pm Jun 2, 2015 6:06pm
Quoting navk
My retracement chart: {image}
hey Navk, do you mind sharing that indi for Sessions?

Thanks!
Perfecting your entry will increase your profits
  • #996,553
  • Jun 2, 2015 6:12pm Jun 2, 2015 6:12pm
Quoting troneras
At what level would you close your shorts if you are traped an you see that this is retracing... 1.105x maybe? If we get there price could rocket up without news help.

It is so sad to see many traders traped with Thier shorts today, and by the word trap I mean they traped themselves. Obviously reading the motto under your post would have helped you . When euro broke 1.1065 to the upside it gave a bullish signal, what have you done at that level, what was your plan, did you have a level where your bearish bias would be invalid.
Were you following other people? Like the scammer who gives signals here and talk about forex moves so confidently like he is a God. I do not understand why people would follow someone blindly' even if you make money, it is not repeatable, it is like money you find on the road. You cannot count on it.

It is not my intention to give you hard time, but Iam really sad when I see this happening every day. Go back and reanalyze your positions so you can avoid this to happen in the future.
Meanwhile you only have to hope that Draghi tomorrow and NFP would be euro negative. Otherwise watch the 1.1210 if that level is broken there is great possibility that the bullish move still in place.
  • #996,554
  • Jun 2, 2015 6:38pm Jun 2, 2015 6:38pm
Quoting TheScalper15
{quote} Meanwhile you only have to hope that Draghi tomorrow and NFP would be euro negative. Otherwise watch the 1.1210 if that level is broken there is great possibility that the bullish move still in place.
Hi. I need some advise from one expert. I am in difficult position. I was long from 1.1234, the price start to collapse. When the price was 1.0940 I got scare and I did a Hedge selling same size lot. Now i have these two positions and $3600 under water. Any advise will be appreciated. Tks
  • #996,555
  • Jun 2, 2015 6:55pm Jun 2, 2015 6:55pm
Quoting scali
{quote} Hi. I need some advise from one expert. I am in difficult position. I was long from 1.1234, the price start to collapse. When the price was 1.0940 I got scare and I did a Hedge selling same size lot. Now i have these two positions and $3600 under water. Any advise will be appreciated. Tks
pm me please
have a nice day please
focus while relaxed to see better
  • #996,556
  • Jun 2, 2015 7:22pm Jun 2, 2015 7:22pm
Quoting scali
{quote} Hi. I need some advise from one expert. I am in difficult position. I was long from 1.1234, the price start to collapse. When the price was 1.0940 I got scare and I did a Hedge selling same size lot. Now i have these two positions and $3600 under water. Any advise will be appreciated. Tks
First idea: use a StopLoss! Second idea: if you ever get scared with any of your trades, your leverage is to high or you´ve been holding on to the trade for to long - use a StopLoss when you´ve opened the trade to cut losses short. Third: don´t hedge like this on the same pair, you just pay extra swap for nothing. Just stop the trade and re-enter it later on, there is no advantage in hedging it except the broker earning extra fees like double the swap from you. Example: entering a short trade at 1.1000 and adding a long trade at 1.1100 to "hedge" and then the price goes back to 1.1000 and you release the long trade, is the same result as if you just had closed the short trade at 1.1100 and re-enter the short trade when the price comes back to 1.1000. There is no advantage in hedging except that you pay extra fees to the broker, not sure why people still do it - must have something to do with not being able to understand that the same effect can be reached with less costs with simply exiting the position and re-entering it later on again.
  • #996,557
  • Jun 2, 2015 7:28pm Jun 2, 2015 7:28pm
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Dangdut is a music of my country
  • #996,558
  • Jun 2, 2015 7:34pm Jun 2, 2015 7:34pm
Quoting geektrader
{quote} First idea: use a StopLoss! Second idea: if you ever get scared with any of your trades, your leverage is to high or youve been holding on to the trade for to long - use a StopLoss when youve opened the trade to cut losses short. Third: dont hedge like this on the same pair, you just pay extra swap for nothing. Just stop the trade and re-enter it later on, there is no advantage in hedging it except the broker earning extra fees like double the swap from you. Example: entering a short trade at 1.1000 and adding a long trade at 1.1100 to "hedge"...

excellent advice, especially the 1st idea
If you are new to Forex? Say Goodbye to your account!!
  • #996,559
  • Jun 2, 2015 7:42pm Jun 2, 2015 7:42pm
Quoting scali
{quote} Hi. I need some advise from one expert. I am in difficult position. I was long from 1.1234, the price start to collapse. When the price was 1.0940 I got scare and I did a Hedge selling same size lot. Now i have these two positions and $3600 under water. Any advise will be appreciated. Tks
firstly: 150 pips loss in the two trades = $3600? does your balance suitable for this huge trades???
second: you opened a sell trade at 1.0940 and this was a good decision, then the price went down 1.0820 ,,,, and it equal to more than 100 pips in your favor ... so why you did not close it ??? the hedge is to get some profit from the opesit direction to your trade and it never be a long term trade ... as your analysis was in the other direction .......

at all that what has happened .... think you have to close the sell trade as soon as possible ... may be at 1.0880 and if your balance cover this trade add another long trade to get your losses back .... and keep your first long trade till get your TP ...
  • #996,560
  • Jun 2, 2015 7:44pm Jun 2, 2015 7:44pm
Let's see if we can get through this 11290 area.
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