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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 5, 2011 18:32
One thing I was ready to see was a DX bounce of some degree, just eyeballing the daily chart. Then we had 3 days of narrow range dojis and nothing but chop on the EU.

Sometimes I will fade entry one of my target levels taking a set up off a 3 min chart but I am hellish quick to get flat if the reversal don't move well. Last thing I would do is to publish the trade in a forum which has some novice traders because I don't want to be responsible for anyone latching onto a dodgy trade and failing to manage it nimbly. My losses are my own losses and kept extremely tight. If the forum were an RT room that's different because a trade can be discussed by audio and real time chart presentation as price progresses. All the reasons why can be clearly communicated.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
May 5, 2011 18:18
Sub sorry for my loud mouth.. how about I'll shut up for a while.. don't give up.. its all about thickening ones skin here, isnt it.. and preserving our bank balance.. going to brush my teeth now..
subway90
Posts: 1078
13 years ago
May 5, 2011 18:07
dave...

yes... done at lot thinking this past 2 weeks.... realized that i made the most rookie mistakes... 1st was assuming there would be 1 more leg down.... 2nd adding to shorts without clear signal or confirmation....

took a step back and started to read the chart without any bias... then it became quite clear... was quite confident i could get out of this mess... and i'm quite confident we'll see 44xx level by next week... only daily close above 4800 level would make me think otherwise...

looking at jacek's posts made me realize i should say less... i'll reserve what i have to say unless necessary... just like you... :) thanks and good luck!

IGGY..

hoping to visit Jamaica in the near future... :)
jacek
Melbourne, Australia
Posts: 2579
13 years ago
May 5, 2011 18:00
that's for sure Mach.. I just wondered what attracted you to catching a falling knife:-)..
Machiavelli
Posts: 113
13 years ago
May 5, 2011 17:58
Sub: after tomorrow's NFP, we'll be all the wiser. And it's always good strategy not to overextend one's self with unnecessary positions. Just something you can afford to carry around. (Pun intended.)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 5, 2011 17:58
yep, well lets see if it breaks the supports. Lets not become perma married to shorts----Subz.

Nor perma married to longs.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
May 5, 2011 17:57
ok digi so I was wrong hiding behind swissie.. looks like 4600 was good to reload and go for a direct kill..
digi
toro, Canada
Posts: 1040
13 years ago
May 5, 2011 17:55
http://www.global-view.com/forums/chart.php?f=1&id=899154
Machiavelli
Posts: 113
13 years ago
May 5, 2011 17:54
Jacek, that's not a scalp. 4579-4484 is not a scalp entry range. This is one of those rare swings I take when I see panic/euphoria. BTW mas are notoriously unreliable as s/r.
subway90
Posts: 1078
13 years ago
May 5, 2011 17:53
just look at the 8 hour candle...

300+ pips.... and closed at the bottom...
haven't seen that kind of candle for sometime... something most traders should respect... but i guess a lot don;'t give importance to 8 hour candle... well... I DO!

most seem to be quite biased to the upside... thinking downside would be very limited... could keep dropping without much retrace.... anyway gl/gt