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  • #1,100,921
  • Mar 30, 2017 4:15pm Mar 30, 2017 4:15pm
Quoting frx_trader
{quote} Teek, you warn me to stay away from ZAR. Excuse me, I didn't do it. Because I have been profiting from it. I bought it @ 12.750. It went down to 12.500 something like 2500 pips. But I am certain that it will come back to 13. Well, I profited 1000 pips from that trade. I am holding MXN at 22. I am sure it will hit 24. But don't follow me. It's high risk. My SL is at 12. Another 6000 pips away. I leave it with TP @ 24 and SL @ 12. I will hold it as long as possible.
Well, The ZAR could even fly higher considering the Political War setting off here.. I mean what do u expect to happen when you threaten to fire the Finance Minister? of-cause Investors lose confidence just like that
  • #1,100,922
  • Mar 30, 2017 4:17pm Mar 30, 2017 4:17pm
Quoting Curren
I am done with this shit , oh btw ... I will be laughing my ass off in Carribeans when EUR reaches 1.10 by Friday

You need to spend the weekend here instead..
Try to be civil next time, market has a way of straightening every noob.

Good luck & good night.
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  • #1,100,923
  • Mar 30, 2017 4:22pm Mar 30, 2017 4:22pm
Wait for it. 4-9 mins i think. We will dive
Pecuniae obediunt omnia
  • #1,100,924
  • Mar 30, 2017 4:23pm Mar 30, 2017 4:23pm
Quoting MyOpinion
{quote} That took much longer then expected i was thinking 1-2 hours , i have just gone long now 1.0677 stop under 1.06 but looks like going bit lower, i will be surprised if goes much below 1.0635 but you never know.
add 1 more 1.0680 stop under 1.06 probably a trap but feels like something cooking.
Loser trying to become a winner!
  • #1,100,925
  • Mar 30, 2017 4:26pm Mar 30, 2017 4:26pm
Quoting F.g
Connors , really dark situation. I finally entered a SL reluctantly, at 6.70 Might be hit... Anything can happen. Stoped in short $JY and reentered with SL at 112.00 Flat in BP . No opinion, here , but it s holding very well , considering... Yeap...we violated alllll rules.....

Seriously good luck bro, hope it works for you.
When I feel I am wrong, I learned not to insist on it. The market is not running anywhere. No point in chasing a desperate trade, risking additional loss. It is better this way, took & accepted the loss and need to make my plan accordingly next week.
It closed way below 1.0699 -50% fib, the only strong support I see is 1.0610 down here or it can go mental and target 1.0551,the pressure is obvious to me. I hope I am wrong and it works for you tough. You are a very good trader and I respect your views & trades.
  • #1,100,926
  • Mar 30, 2017 4:26pm Mar 30, 2017 4:26pm
I need a Pull back of 50 pips
Think Think Think.
  • #1,100,927
  • Mar 30, 2017 4:27pm Mar 30, 2017 4:27pm
68 and 69 imp levels. As long as price dont close on these levels shorts are good
Pecuniae obediunt omnia
  • #1,100,928
  • Mar 30, 2017 4:28pm Mar 30, 2017 4:28pm
Quoting MyOpinion
{quote} add 1 more 1.0680 stop under 1.06 probably a trap but feels like something cooking.

Yes, maybe yourself, ever tought about that?? There is no sign of a reversal, none!
Jesus!
  • #1,100,929
  • Mar 30, 2017 4:30pm Mar 30, 2017 4:30pm
By the looks of it, Bulls are fucked. The bands keeep getting thigher. It will snap
Pecuniae obediunt omnia
  • #1,100,930
  • Mar 30, 2017 4:33pm Mar 30, 2017 4:33pm
Oh no ... I am starting to see 1.0607 in the Bear picture
  • #1,100,931
  • Mar 30, 2017 4:35pm Mar 30, 2017 4:35pm
Quoting jusstin911
Oh no ... I am starting to see 1.0607 in the Bear picture

Yes 1.0610 is 71.4%, there is no meaningful support left for me until then, some will argue 1.0650 - 61.8% but pressure is obvious.
  • #1,100,932
  • Mar 30, 2017 4:39pm Mar 30, 2017 4:39pm
Quoting Connors
{quote} Yes 1.0610 is 71.4%, there is no meaningful support left for me until then, some will argue 1.0650 - 61.8% but pressure is obvious.

I'm with you man ... but .. really ... tomorrow some german retail sales are coming and i'm quite sure it will be good .. french too .. so bulls will react. i'm on sell till 870 i will go to sleep chill but tomorrow i will make the deal before german retail..


Happy trade all

Do not have fear or greedy !!
  • #1,100,933
  • Mar 30, 2017 4:39pm Mar 30, 2017 4:39pm
Quoting PIPot
I say 50-60 pips dive more
so much for your year break...welcome back!!!
  • #1,100,934
  • Edited 4:50pm Mar 30, 2017 4:39pm | Edited 4:50pm
@fx_trader: I never in my life talked about ZAR. That was definatly not me. I never even watched that chart.

@Connors:
1) I don't brag. I said I can sit on the 1.076 long and the 1.07230 long quite comfortable for a while. Even 1.064 is ok (I said this before the drop), and I also mentioned about a hundret times that these are not intraday trades, very small positions with Stops way out of intraday traffic. When exactly did I ask anyone to trade this? I also mentioned quite often and early enough that I hedged these positions, and a drawdown of 200 what pips on a portfolio worth less than 5% of total capital seriously doesn't make me sweat.
2) I said a hundret times these are not meant for intraday trading! But because you asked twice now for my Stops on the these two tiny EU longs, they are somewhere below 1.045. These are "emergency stops", only placed because shit could happen while I sleep (I do sleep from time to time). I will close out tomorrow morning when I don't see slowdowsn around 1.064.
I'll hold some of my correlation shorts that stand around BE and didn't pull, book the hedge account positions and eat the 40% net loss on the 5% risk total.
Or I hold it... we will see, I dont know.
I am looking at 6 losers and 3 non-performers, none of them closed, why would I just yet, I sleep just fine, because I do not gamble, I take calculated risk, that can't hurt me. If you get emotional on trading, you trade too big. Trade smaller, will make your life easier on days like these and you don't need to blame others nor yourself. I learned this the hard way.

"missleading" ???
Since when is this a school? It's a discussion forum.
I do not claim to be right and if anyone takes trades that I clearly say are NOT INTRADAY, then don't blame me.
I said Sunday, Monday, Tuesay.. everyday, to stay away from this shit. If you don't, not my fault.
Thank you
you are not expected to understand this
  • #1,100,935
  • Mar 30, 2017 4:41pm Mar 30, 2017 4:41pm
Quoting Connors
{quote} Yes, maybe yourself, ever tought about that?? There is no sign of a reversal, none! Jesus!
lol yes could be wrong this is forex trading no one truly can predict anything 100%. 1.06 is STRONG though, last time was there hit to the exact pip and bounced 300 indicates deep pocketed bulls closing the door pretty much same scenario at 1.05. Lets see if those bulls want to protect the uptrend and if they do it will be in this area. I still favor a move down to 1.0635 and if it goes below 1.06 i will admit i'm wrong and have a rethink! gd luck.
Loser trying to become a winner!
  • #1,100,936
  • Mar 30, 2017 4:44pm Mar 30, 2017 4:44pm
Careful to all the bears. Of course it can continue down. I'm not arguing it won't but please understand something does not go down forever. There has to be a correction at some point and I'm reckon it will be very soon maybe in another 20-60 pips max. But do not listen to me I'm just a noobie. I lost today
  • #1,100,937
  • Mar 30, 2017 4:47pm Mar 30, 2017 4:47pm
Quoting Connors
{quote} Yes 1.0610 is 71.4%, there is no meaningful support left for me until then, some will argue 1.0650 - 61.8% but pressure is obvious.
Indeed ... the down pressure is pretty harsh .. I'd like to wait for 1.060 for some good LONGS
  • #1,100,938
  • Mar 30, 2017 4:48pm Mar 30, 2017 4:48pm
Quoting MyOpinion
{quote} lol yes could be wrong this is forex trading no one truly can predict anything 100%. 1.06 is STRONG though, last time was there hit to the exact pip and bounced 300 indicates deep pocketed bulls closing the door pretty much same scenario at 1.05. Lets see if those bulls want to protect the uptrend and if they do it will be in this area. I still favor a move down to 1.0635 and if it goes below 1.06 i will admit i'm wrong and have a rethink! gd luck.

You trade at your own risk, my point is without any sign of reversal why you add another long position -thinking that "sth is cooking" while you dont know whether Asia will - most likely - keep testing the lows or not after such important levels have been crushed over.

Anyway, your account your money.

Good luck mate!
  • #1,100,939
  • Mar 30, 2017 4:49pm Mar 30, 2017 4:49pm
Quoting wukatrades
Careful to all the bears. Of course it can continue down. I'm not arguing it won't but please understand something does not go down forever. There has to be a correction at some point and I'm reckon it will be very soon maybe in another 20-60 pips max. But do not listen to me I'm just a noobie. I lost today
Yes, you got it right.. 60pips... then we can see some reversal
  • #1,100,940
  • Mar 30, 2017 4:51pm Mar 30, 2017 4:51pm
Quoting JBrownACU
{quote} so much for your year break...welcome back!!!
Pecuniae obediunt omnia
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