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The Swamp

  • #541
  • Mar 16, 2016 8:12am Mar 16, 2016 8:12am
Quoting Ken A
{quote} What you mean? 9940 is still holding
Yeh - I took the chance, left 9943 holding and have a 2nd long at 9932. I must follow Pharmour's (old) advice: 'Just don't freak out'.

1st TP at R1, 2nd at R2 if we get there.
Focus.
  • #542
  • Mar 16, 2016 8:15am Mar 16, 2016 8:15am
Quoting Marco-Kanto
{quote} Yeh - I took the chance, left 9943 holding and have a 2nd long at 9932. I must follow Pharmour's (old) advice: 'Just don't freak out'.
That is easy to do if you buy just 1 contract. If you have 30 on up then you freak out lol..
  • #543
  • Mar 16, 2016 8:17am Mar 16, 2016 8:17am
True if you buy 50 contracts on 50K account
  • #544
  • Mar 16, 2016 8:19am Mar 16, 2016 8:19am
Quoting stylinex
{quote} That is easy to do if you buy just 1 contract. If you have 30 on up then you freak out lol..
I can't play that large at the minute. Trying to recover from BOJ setting negative interest rates in late Jan. That DESTROYED my account while I slept.
Focus.
  • #545
  • Mar 16, 2016 8:20am Mar 16, 2016 8:20am
Quoting Pharm0r
{quote} I think I get what your asking. The low I have on my fibs is a smaller swing within the much larger. I put fibs on every swing and try to get a match.... the other reason maybe that you're considering the mofu line below the target is my low- which isn't the case. Targets are high and low on my fibs, mofu is on either side of targets, mids, and quarters regardless, has nothing to do with gap. If it doesnt make sense draw me a picture- I have the brain of a chimp
thanks. different people draw fibs different i guess. so when you say you have a match that means you saw the reaction on 88.2 being a support? if that is the case, when did you put on pending which was at mofu i suppose? what triggered the pending? and stop would be below the mofu on the other side?
less is more
  • #546
  • Mar 16, 2016 8:25am Mar 16, 2016 8:25am
Quoting Marco-Kanto
{quote} I can't play that large at the minute. Trying to recover from BOJ setting negative interest rates in late Jan. That DESTROYED my account while I slept.
I guess now you use s/l .
don't get in love with pairs ... up or down is the same pip value
  • #547
  • Mar 16, 2016 8:25am Mar 16, 2016 8:25am
Quoting Marco-Kanto
{quote} I can't play that large at the minute. Trying to recover from BOJ setting negative interest rates in late Jan. That DESTROYED my account while I slept.
I took a hit that day too. Did not destroy my account but I did get hit with the zig zag action that day. Best to buy 1-5 contracts on days like that day or today so you don't get DESTROYED.
  • #548
  • Mar 16, 2016 8:32am Mar 16, 2016 8:32am
Quoting PayTheLimit
{quote} looks like it has a chance, but I'll wait for something better, getting quite good at that....waiting that is...
I just noticed today is FOMC. Jesus. Coming back from vacation and daylight savings is killing my brain power.

We'll see what they say and how EU reacts. I would like to see a 200+ pip EU bear candle to negate the bulls shooting for 1.2471. Otherwise not interested in trading it.

If EU moves heavily I'll stay out of UJ. That was posted before I realized FOMC is today. thanks for making me look. FOMC may open the short for EU that's 250 pips away though
  • #549
  • Mar 16, 2016 8:34am Mar 16, 2016 8:34am
Quoting Pharm0r
{quote} I just noticed today is FOMC. Jesus. Coming back from vacation and daylight savings is killing my brain power. We'll see what they say and how EU reacts. I would like to see a 200+ pip EU bear candle to negate the bulls shooting for 1.2471. Otherwise not interested in trading it. If EU moves heavily I'll stay out of UJ. That was posted before I realized FOMC is today. thanks for making me look
why whats FOMC got to do with anything?





Look Sharp/Trade Tight
  • #550
  • Edited 8:58am Mar 16, 2016 8:40am | Edited 8:58am
Quoting mejo
{quote} thanks. different people draw fibs different i guess. so when you say you have a match that means you saw the reaction on 88.2 being a support? if that is the case, when did you put on pending which was at mofu i suppose? what triggered the pending? and stop would be below the mofu on the other side?
Correct, the reactions at 88.2, and the tip top mofu 0.7592 ....and generally all of them have shown resistance/support zones.

It fell, but I expect it to move higher, so the best RR possible for me would be the mofu in which we are discussing- that is where my pending was. Mofus before a HH or LL usually have a reaction unless the move has a lot of momentum behind it. The trade has since been negated completely because we went below the target @ 0.7426- thus I was wrong....however; I would have made a few shillings and gotten break even if the pending trade would have hit.
  • #551
  • Mar 16, 2016 8:41am Mar 16, 2016 8:41am
nice budget reaction off the pivot for the UK FTSE
also taken a long off pivot on the DAX
Attached Image (click to enlarge)
Click to Enlarge Name: UK100 2016 Mar 16a.PNG Size: 27 KB
  • #552
  • Mar 16, 2016 8:42am Mar 16, 2016 8:42am
Quoting PayTheLimit
{quote} why whats FOMC got to do with anything?
heh

At this point I'm on color coded auto pilot. Looking at the calandar- Red means watch and wait, Orange is whatever, Yellow who cares

thinking hurts
  • #553
  • Mar 16, 2016 8:44am Mar 16, 2016 8:44am
short uj 113.750
def push up...just scalping some to kill time
don't get in love with pairs ... up or down is the same pip value
  • #554
  • Mar 16, 2016 8:45am Mar 16, 2016 8:45am
Quoting Pharm0r
{quote} heh At this point I'm on auto pilot. Looking at the calandar- Red means watch and wait, Orange is whatever, Yellow who cares
if Max would post his entries earlier, we could just ride his coattails, and be done with it....that bastard..
Look Sharp/Trade Tight
  • #555
  • Mar 16, 2016 8:47am Mar 16, 2016 8:47am
Quoting PayTheLimit
{quote} if Max would post his entries earlier, we could just ride his coattails, and be done with it....that bastard..
Usually I just hurl insults at him, feels almost as good as making money

and much better than losing it
  • #556
  • Mar 16, 2016 8:52am Mar 16, 2016 8:52am
Quoting PayTheLimit
{quote} if Max would post his entries earlier, we could just ride his coattails, and be done with it....that bastard..
I do try, but lots going atm with equities, news, budget and trying to get the trades on.

most would have guessed that I would long pivot on the DAX

I will try harder
  • #557
  • Edited 9:23am Mar 16, 2016 8:56am | Edited 9:23am
I'm moving my short AUD stops to 7600...still trying for 7100, will see how things look later I guess, cancelled my CAD bids, will work my EUR bids for just a little while longer...more waiting it seems...still haven't traded this week...

cancelled those EUR bids also...
Look Sharp/Trade Tight
  • #558
  • Mar 16, 2016 9:00am Mar 16, 2016 9:00am
Quoting gatorinla
{quote} got that close
woke up to a s/o on eu long -20. manually closed uj +2.. i may long after 1019 ish. mid at 1052. pattern suggest slightly below 0963, but the pattern hasnt retraced. indicative of a bs pattern or a even a fast retrace because it stalled. possible knee jerk to 0963 ish at fed news release. normal retrace w/o the 0963 is 1019 minimal with some s/r at 1022
those who can, do. those who cant, talk about those who can
  • #559
  • Mar 16, 2016 9:06am Mar 16, 2016 9:06am
Quoting MaxDoom
nice budget reaction off the pivot for the UK FTSE also taken a long off pivot on the DAX {image}
What do you see as pivot on DAX?
  • #560
  • Mar 16, 2016 9:07am Mar 16, 2016 9:07am
Quoting Pharm0r
{quote} Usually I just hurl insults at him, feels almost as good as making money and much better than losing it
Yha, but that's pure entertainment for him since they all live bunched up on that piece of rock drifting away from the old continent(not fast enough I may add), with miserable weather all year round, where all they do is drink up and invent new ways of insulting each other.

Ohh... and did I mentioned they all have bad teeth
Attached Image
Why sell the bottoms when you can buy the tops...
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