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FXfreak
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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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karol
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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.

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

For those needing US dollar index you can get free MT4 data from Alpari Russia. EU is usually going to mirror the index as it makes the largest % of it up, it's a good way of seeing the money flow for all $ pairs.

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newscalper
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Postby newscalper » Wed Mar 09, 2011 9:54 am

GJ maybe lining up for a short at the previous fatcat resistance. Is it going to hold again. Waiting for PA on 15 min.

karol
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Postby karol » Wed Mar 09, 2011 10:03 am

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


Yes, oanda..


Image



Image

FXfreak
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Postby FXfreak » Wed Mar 09, 2011 10:08 am

you are in the middle of nowhere again.

i think long is the correct long-term direction but your entry was near resistance. long possibilities would be near 77 and 66. the more distance you have from these levels the more risk comes into play.

Image


be careful! i'm not a successful trader like aj or es/pip. never take my opinion as a dogma!! just my two cents...
Last edited by FXfreak on Wed Mar 09, 2011 10:21 am, edited 1 time in total.

karol
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Postby karol » Wed Mar 09, 2011 10:18 am

Are you still long EU FXfreak? I bailed out with +1 seeing all those wicks on 15m, 30m and 1h..

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