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  • #1,054,221
  • Feb 3, 2016 3:09pm Feb 3, 2016 3:09pm
Quoting JustAndy
{quote} Yup...bunch of noobs L.E. - How do you know this is the top ?
I have no idea where the top on this is... I honestly thought it would have halted before it did. This much reaction to oil, in front of Draghi and NFP seems, dangerous. It's fine if your a short term speculator - good even - but can you imagine the risk larger portfolios are taking readjusting right now? Doesn't make sense.
When you hit 50, coffee becomes part of a proper modeling pipeline.
  • #1,054,222
  • Feb 3, 2016 3:13pm Feb 3, 2016 3:13pm
Quoting Mickster
{quote} Ive been waiting a long time for todays reversal. How high could this rebound go you think?
Mick, I know that wasn't directed to me, thought I'd chime in though. The market seems to be getting a wiff that the Fed rate increase may not be as robust as thought... that adds all kind of complexity and risk to the market. What if the Fed does raise rates four times to the original target, more volatility. What if it's less, more volatility. This year could be a very good year for traders and a crappy year for "investors and trend traders". The whips could make you rich, but modeling the fundamental rate is going to get tough when we don't know what the IRD picture is going to be...
When you hit 50, coffee becomes part of a proper modeling pipeline.
  • #1,054,223
  • Feb 3, 2016 3:16pm Feb 3, 2016 3:16pm
Quoting TheFxAnalyst
{quote} Mick, I know that wasn't directed to me, thought I'd chime in though. The market seems to be getting a wiff that the Fed rate increase may not be as robust as thought... that adds all kind of complexity and risk to the market. What if the Fed does raise rates four times to the original target, more volatility. What if it's less, more volatility. This year could be a very good year for traders and a crappy year for "investors and trend traders". The whips could make you rich, but modeling the fundamental rate is going to get tough when we...
Fair enough, Ive been holding gold for a long time and now my account has heavy leverage to play with. Im trying to gamble and get a bit lucky using a higher lot size than I should. Im just impatiently waiting the next boom and it seems there are a few currency pairs that could indicate a strong reversal. Trying to get something long term going

Nobody really knows where this is going unfortunately crystal balls don't exist. Although there are some traders who often correct. Anyways, thanks and best of luck


Buy Triggered on USD/CAD

Fingers crossed
It's always part of a bigger plan
  • #1,054,224
  • Feb 3, 2016 3:16pm Feb 3, 2016 3:16pm
Quoting Mickster
{quote} Ive been waiting a long time for todays reversal. How high could this rebound go you think?
Down move is very strong, If this turns from here My Target 1.38500
A good trader follows his rules, but great trader knows when to break them
  • #1,054,225
  • Feb 3, 2016 3:22pm Feb 3, 2016 3:22pm
Quoting TheFxAnalyst
{quote} I have no idea where the top on this is... I honestly thought it would have halted before it did. This much reaction to oil, in front of Draghi and NFP seems, dangerous. It's fine if your a short term speculator - good even - but can you imagine the risk larger portfolios are taking readjusting right now? Doesn't make sense.
makes sense to me. it also makes sense that larger portfolios, dont trade in a "one size fits all style" of course they trade different. if those larger bears were waiting for the minimal normal retracement. they got it today. if its the top or not will be for hindsighters to judge. they tend to come out as the name suggest. after the move. at these normal retracements are the places to look for a reason. once it drops 200 pips.. its that much larger a s/l. if max returns tonight. his entries on shorts if he shorts, may give some gems to holding.
those who can, do. those who cant, talk about those who can
  • #1,054,226
  • Feb 3, 2016 3:24pm Feb 3, 2016 3:24pm
Quoting TheFxAnalyst
{quote} I have no idea where the top on this is... I honestly thought it would have halted before it did. This much reaction to oil, in front of Draghi and NFP seems, dangerous. It's fine if your a short term speculator - good even - but can you imagine the risk larger portfolios are taking readjusting right now? Doesn't make sense.
That's what I was implying, if the pair moves another hundred of pips north without any major retracement there will be a lot of nervous traders and I will definitely buy stock in Preparation H, cuz that would burn a lot...
Why sell the bottoms when you can buy the tops...
  • #1,054,227
  • Feb 3, 2016 3:25pm Feb 3, 2016 3:25pm
Quoting edyraper
{quote} closing one to cover the SL .... (gold)
How much is the common taxi rate from Ataturk to Taksim? I remember last time we paid about 35 euros, but we were told at the hotel that we were overcharged. Doing a flash travel on Friday.
  • #1,054,228
  • Feb 3, 2016 3:26pm Feb 3, 2016 3:26pm
Quoting sakisf
{quote} How much is the common taxi rate from Ataturk to Taksim? I remember last time we paid about 35 euros, but we were told at the hotel that we were overcharged. Doing a flash travel on Friday.
Why not use UBER ?
Why sell the bottoms when you can buy the tops...
  • #1,054,229
  • Feb 3, 2016 3:28pm Feb 3, 2016 3:28pm
Quoting JustAndy
{quote} Why not use UBER ?
Haven't used them before and don't want to delay as I land and have a meeting 1 hr later.
  • #1,054,230
  • Feb 3, 2016 3:32pm Feb 3, 2016 3:32pm
Quoting miguel.mmuk
{quote} ...will see if you can start to short above 1.131 for another mega jackpot and a big hee haa! ...see you there! -)) {image}
still at it?
those who can, do. those who cant, talk about those who can
  • #1,054,231
  • Feb 3, 2016 3:34pm Feb 3, 2016 3:34pm
Quoting ill_be_back
Pending BUY {image}
Got me a better entry, Out of 1st
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 3 KB
A good trader follows his rules, but great trader knows when to break them
  • #1,054,232
  • Feb 3, 2016 3:35pm Feb 3, 2016 3:35pm
Quoting ill_be_back
{quote} Got me a better entry, Out of 1st {image}
Could this be it? A clean entry or what
It's always part of a bigger plan
  • #1,054,233
  • Feb 3, 2016 3:40pm Feb 3, 2016 3:40pm
Quoting KiwiTrada
{quote} ps thinking more like 6679 then 6988 pretty quick smart of course 6590 has to give way 1st
kiwi 6679 in play, nice ride, UJ "another leg down", kangaroo leg :-)who would have thunk
If you are new to Forex? Say Goodbye to your account!!
  • #1,054,234
  • Feb 3, 2016 3:47pm Feb 3, 2016 3:47pm
Quoting Mickster
{quote} Could this be it? A clean entry or what
I think that's the LOW for Today now lets see if this retraces back to my Target, then possibly more DOWN tomorrow
If wrong wont lose much
Lets see what happens
A good trader follows his rules, but great trader knows when to break them
  • #1,054,235
  • Feb 3, 2016 3:49pm Feb 3, 2016 3:49pm
Quoting Andrys1995
I wonder how many rookies blew their accounts today.
Half my account got destroyed.

Reasons:
1: Kept adding shorts to gold at 1130 in belief it will touch 1124 atleast.
2: Past winning trades gave me an ego boost to put on 3x more trades than usual.
3: Had trades on 4 USD pairs which lost due to USD weakness (which I despise since it's meant to be strong).

I have learned that central banker speeches (especially draghi) can really move markets.
  • #1,054,236
  • Feb 3, 2016 3:49pm Feb 3, 2016 3:49pm
Quoting Andrys1995
I wonder how many rookies blew their accounts today.
lol i was one of them ill admit it if no one else will.... I went to sleep at 12am, on the EU/USD daily it showed a nice doji to end the day and since its been ranging i didn't think twice about opening a short. I check my account 10 hours later after I woke up and about shat myself. Hoping to redeem myself by fading this breakout
  • #1,054,237
  • Feb 3, 2016 3:49pm Feb 3, 2016 3:49pm
Quoting ill_be_back
{quote} I think that's the LOW for Today now lets see if this retraces back to my Target, then possibly more DOWN tomorrow If wrong wont lose much Lets see what happens
So far so good. I think it could go higher than your limit during asian session. Def going short again, but when is the question.
It's always part of a bigger plan
  • #1,054,238
  • Feb 3, 2016 3:59pm Feb 3, 2016 3:59pm
Hi, guys. I am a newbie. Sorryr for a (probably) stupid question. What did the pair went up by 200 pips today?
  • #1,054,239
  • Feb 3, 2016 4:00pm Feb 3, 2016 4:00pm
std later. usdx has more room to drop. giving eu some rise. uj drop can raise eu. equities crash like china can raise eu. but eu the has now hit a normal minimal level met most times before a LL drop (a big deal). usdx still has 13 pips for the same. i have some smaller short already. looking for a setup tonight to add.
those who can, do. those who cant, talk about those who can
  • #1,054,240
  • Feb 3, 2016 4:05pm Feb 3, 2016 4:05pm
The sellers on E U have vanished into thin air today
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