Posts by "subway90"

mach...

for me 4160/70 was the main resistance line for Euro bears... if not violated... would have been good shorts.... but now it has clearly violated and my bias tilting for move higher next week....
I'll be shorting again 4210/20 level initially and liquidate all my posi at 4160.... I could also go long 4150/60 if 4220 level will be violated... :)

gl/gt

mach..

it depends on the setup.... for me break above 4220 would likely confirm resumption of uptrend...
but that level won't be my stops... expect a correction down to 4150/60(minor) or bigger pullback could see retest of 4090/4100... so i'll see reaction at 4220/4260 level and decide from there on...

for current setup(assuming it was an a-b-c correction.... break above 4220 confirms).. if Euro breaks above 4220... then would confirm resumption of uptrend... but wouldn't likely see straight jump going higher... would see position traders adjust their strategy for next big move... this will likely cause the correction down back to 4150/60 or 4090/4100.... b4 moving higher... and more importantly facing the main resistance of 4282(previous high)...

crucial level at current stage(facing 4282 previous high).... break above that level or rejection would be very significant for movement for next 3 to 6 months....

hi DAVE and IGGY.... :)

and also digi, nor and chloe...

everyone doing good?

fastpips...

thanks... yes... first losing trade in months... :)

i've learned to cut losses to a limit if i feel i made the wrong entry.. i think most traders should be disciplined enough to accept loss and move on to be a better trader... coz our egoes will prove to be one of the worst enemies in trading... :)

gl/gt

dave...

very true... should i say words of wisdom? :)
i'm sure everyone had their share of bad experiences financially and pyscholgically...
to become a consistent trader... one must invest a lot of effort, time and money...
i admit... my first five years looking back was really horrible... the next five years was combination of good and bad.... i thought i started to understand the market and consistently increased my capital until boom.... losing several months of hard work in a day or week... a roller coaster ride up and down.... only now i can say that i'm really consistently increasing my capital and the past three years have been good to me... learned that discipline and patience would go a long way....

from my 13 years of trading... it's hard to believe the words of some ego maniacs claiming to know everything... our best example would be CAT.... :)

good luck traders!