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FXfreak
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Postby FXfreak » Wed Mar 09, 2011 8:19 am

karol, your entry is in the middle of nowhere which makes it risky. you only can survive this if you have tight stops. look at es/pips postings: he always has stops between 1-5 pips.

-20 is a lot for this trade.

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Postby FXfreak » Wed Mar 09, 2011 8:21 am

my entry wasn't perfect too. next support is 60.

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rob_deniro
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Postby rob_deniro » Wed Mar 09, 2011 8:29 am

$ index is / was bouncing up

FXfreak
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Postby FXfreak » Wed Mar 09, 2011 8:31 am

rob_deniro wrote:$ index is / was bouncing up


what does it mean for eu?

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Postby rob_deniro » Wed Mar 09, 2011 8:51 am

$ was getting strong at that time so eu gets weaker... i'm still learning / practicing fx too, but looking at the $ index is helping me by looking not to trade against it... http://www.fxstreet.com/rates-charts/usdollar-index/

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Postby FXfreak » Wed Mar 09, 2011 9:23 am

55 could be the bottom. now long everybody! help me!! :smt066

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Postby karol » Wed Mar 09, 2011 9:28 am

FXfreak wrote:karol, your entry is in the middle of nowhere which makes it risky. you only can survive this if you have tight stops. look at es/pips postings: he always has stops between 1-5 pips.

-20 is a lot for this trade.



This was valuable for me. Thanks for pointing out.

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Postby karol » Wed Mar 09, 2011 9:33 am

Got stopped out again. News this time. My long was taken out by.. 30 pips spread on g/j!

FXfreak
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Postby FXfreak » Wed Mar 09, 2011 9:37 am

karol, oanda? please post a screenshot of your chart. i would like to see what other traders think about the market ;-)

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Postby scratty » Wed Mar 09, 2011 9:52 am

As MO said:
if you are not immediately right then something is immediately wrong!
or
If you are not in profit immediately in profit => RUN!:shock:

FXfreak wrote:karol, your entry is in the middle of nowhere which makes it risky. you only can survive this if you have tight stops. look at es/pips postings: he always has stops between 1-5 pips.

-20 is a lot for this trade.
Lose professionally!

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