- Search Metals Mine
- TheWalrus replied Feb 12, 2009
Yeah I forgot to mention countries like Russia and the middle East and even Canada and everyone who relies heavily on commodities are getting or are going to get ramrodded in the ass because of the price of oil and the economic slowdown. All their ...
EURUSD
- TheWalrus replied Feb 12, 2009
I'm with you here in that I believe the EURO will continue to trend downward over the coming weeks because of their high interest rate and slower moves to stimulate the economy. That, and the US dollar will remain a "safe haven" currency, regardless ...
EURUSD
- TheWalrus replied Feb 12, 2009
Because in all honesty... most every other market has been hit worse. Many of the world's economies are propped up from the US economy. Think of the half-trillion dollar surplus China has with our economy, the 80% of exports Canada has that go to ...
EURUSD
- TheWalrus replied Feb 12, 2009
Good to hear. I see most people pay attention to pivot tables and long-term charts and resistance and support figures guestimated online somewhere and it never made sense to me. I try to get in and out on quick bursts of movement. I'm starting to ...
EURUSD
- TheWalrus replied Feb 12, 2009
Okay dude. Trade how you want. I don't need bold text and arguments, I'm on here to make money - which I am doing plenty of. If you want to "be right", go join a debate team. I'm not a moron - I know to do "my homework" beforehand, hence I told you ...
EURUSD
- TheWalrus replied Feb 12, 2009
I am enjoying the dive! Locked in at profit, hoping trailing stop keeps moving if it dives some more, instead of this thing bouncing back a bit and hitting the stop/loss too soon.
EURUSD
- TheWalrus replied Feb 12, 2009
Who said my stops were not well known before hand? If I enter into a 100:1 trade I'm not going to allow a 200 pip loss. I said I allow lower leveraged trades to move more. aka my stop might be for more pips, as will my limits. The point being that I ...
EURUSD
- TheWalrus replied Feb 12, 2009
Exactly. Not too hard to understand in my opinion, maybe I worded it poorly. I think risk vs. reward plays a factor in any market that's not a guarantee. Unless you are right 100% of the time using your entry and exit points, manutd, relying on ...
EURUSD
- TheWalrus replied Feb 12, 2009
I trade on strict price action so the only thing I pay mind to is the daily trend and market expectations. I look for elasticity. So if I see something jump up very quickly and suddenly when the trend is downwards, I'll short it expecting a retreat ...
EURUSD
- TheWalrus replied Feb 12, 2009
Everyone trades differently. I don't use stop and entry points and pivot tables. I use daily trends, expectations, human behavior, and elasticity. So for me, certain trades are "more guaranteed" than others, or I feel better about certain trades, so ...
EURUSD
- TheWalrus replied Feb 12, 2009
That's the question of the year. It really depends on how much I leverage. I generally do 30:1, 50:1, or 100:1. If I'm using less leverage, I'll allow for more movement. I don't have a number, i.e. 35 pips, that I let something fall to before I sell ...
EURUSD
- TheWalrus replied Feb 12, 2009
To be honest, I use the one minute chart almost exclusively. I just figure out the general trends using the 15min, 30min, and 1hr charts. I don't bet against trends too often...
EURUSD
- TheWalrus replied Feb 12, 2009
Ok I woke up late. What did driver55 do today? I need to see the miracle before I can nominate him for sainthood
EURUSD
- TheWalrus replied Feb 10, 2009
since i'm long, i'd love to agree. but i was thinking more like 2950.
EURUSD
- TheWalrus replied Feb 10, 2009
Unfortunately I'm with you here. I think we will see a pretty slow climb upwards with some downdrafts... but in the end, I think Euro still needs to fall some..
EURUSD
- TheWalrus replied Feb 9, 2009
I don't think people knew how bad the euro economy was going to be affected at that time. Things are MUCH different now, and the eurozone will likely be hit harder... my opinion, of course.
EURUSD
- TheWalrus replied Feb 9, 2009
Upcoming Obama speech, expectations for big news day tomorrow... my guess
EURUSD
- TheWalrus replied Feb 9, 2009
I wonder how this will react when Obama speaks. He tends to be both optimistic and pessimistic in every speech. "This has the chance to become a disaster, but I am hopeful our best times are ahead". Very mixed signals from him. If he sounds ...
EURUSD