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Todays a good day to sell some Euros:
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Miembro desde Apr 16, 2012 10 mensajes
Ben Bakhsh (BBakhsh)
Apr 18 2012 at 10:30
Bearish on both the M15 and H4 charts, im waiting for the previous intraday key low of 1.30863 to be broken. Ive set my entry a few pips below as this rate also coincides with a daily pivot which is providing strong support... once this is broken I expect the rate to drop and follow the bearish trend.
 Adjuntos:
The money is between the chair and the screen |
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Miembro desde Apr 18, 2012 2 mensajes
zhae_onnet
Apr 18 2012 at 14:51
agree..^^
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Miembro desde Aug 13, 2010 43 mensajes
Paul Ng (paulng)
Apr 18 2012 at 21:57
sounds like your plan is all set, but I'm curious, if today is a good day to sell Euro why don't you just open a short position? by the time the price reaches your blue sell zone, you'll already be having 30-40 pips profit to easily lock-in some profits or be risk-free in the worst case scenario.
"The first rule of forecasting should be that the unforeseen keeps making the future unforeseeable." - David McCasland (January 5,2012, Our Daily Bread) |
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Miembro desde Nov 27, 2010 243 mensajes
www.raidenworks.com (Raiden)
Apr 21 2012 at 23:27
(editado a las Apr 21 2012 at 23:29 )
Paul's quote is particularly apt in this case. Hope you've placed a protective stop, or at least a stoploss.
Adjuntos:
Consistency above all. |
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Miembro desde Aug 13, 2010 43 mensajes
Paul Ng (paulng)
Apr 22 2012 at 19:51
Hey Raiden, wanna meet? I'm trying to arrange another get-together with 2 other traders, say end-april? I'll message your mobile.
Btw, my robot went short on that same day, that's why I responded to this thread. Locked in risk free then got kicked out at +1 pip. Then the robot went long and got kicked out at +19 pips. Sad volatility. If Ben really went short at his blue zone, he'd be tossed around by the market. "The first rule of forecasting should be that the unforeseen keeps making the future unforeseeable." - David McCasland (January 5,2012, Our Daily Bread) |
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Miembro desde Nov 27, 2010 243 mensajes
www.raidenworks.com (Raiden)
Apr 22 2012 at 23:40
Sure! Let me know as early as possible though, schedule's getting a little packed.
Hopefully this doesn't stop Ben from posting his analyses, always useful as a practical log for himself. Consistency above all. |
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Miembro desde Apr 16, 2012 10 mensajes
Ben Bakhsh (BBakhsh)
Apr 23 2012 at 06:21
Hi Paul, The reason I didnt go short straight away is because I was waiting for confirmation that the rate was going to drop. Ie breaking down through that resistance line. I do agree with what you are saying though. And yeah guys I always have a SL.. I dont risk any more than 1% .
Good that your robot took some pips... unfortunately I didnt get to my exit points so my SL got hit. Ah well. The money is between the chair and the screen |
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Miembro desde May 10, 2012 71 mensajes
LK Wong (lkwong)
May 12 2012 at 10:04
Totally unrelated : I've looked at quite a number of systems on this site, and Paul's is the one I agree with the most !
The YELLOW line should always be above the RED line. It means you've cut your losses, and let your winners run. |
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