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Todays a good day to sell some Euros:

Ben Bakhsh (BBakhsh)
Apr 18 2012 at 10:30
posts 10
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.




Fichiers joints:

The money is between the chair and the screen
zhae_onnet
Apr 18 2012 at 14:51
posts 2
Paul Ng (paulng)
Apr 18 2012 at 21:57
posts 43
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)
Raiden
Apr 21 2012 at 23:27
posts 244
Paul's quote is particularly apt in this case. Hope you've placed a protective stop, or at least a stoploss.

Fichiers joints:

Consistency above all.
Paul Ng (paulng)
Apr 22 2012 at 19:51
posts 43
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)
Raiden
Apr 22 2012 at 23:40
posts 244
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.
Ben Bakhsh (BBakhsh)
Apr 23 2012 at 06:21
posts 10
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
LK Wong
lkwong
May 12 2012 at 10:04
posts 71
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 !
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