- Search Metals Mine
-
OnlineAddict replied Jul 22, 2014If you can handle a 50-100 pip drawdown(may not even happen), then I think its safe to stay in. Until above 3550, at least.
EURUSD
- OnlineAddict commented Jul 22, 2014
I never said your broker has to be on the other side of the trade...there is more MMs...banks, hedge funds...everyone with billions of dollars. They move the market...not retail.
US Consumer Price Index – June 2014
- OnlineAddict replied Jul 22, 2014
Yes, 3567 is a perfect target and then a south re-test again, maybe. 65% of retail is now long, will be probably 70% after today. Better wait for 50 pips lower...until 80% are wrong, thats when it mostly gives a pullback chance.
EURUSD
- OnlineAddict replied Jul 22, 2014
Good thing about EU, it respects lows and highs, unlike GBP or JPY pairs, which can easily spike 20-30 pips after a move is done. If you set a SL just 5 pips below today's low on EU, you should be safe. And if not, it will go lower than 5 pips, ...
EURUSD
- OnlineAddict replied Jul 22, 2014
Why worry? Just set a SL below today's low...its only a few pips away.
EURUSD
- OnlineAddict replied Jul 22, 2014
No idea, too big of a barrier at 7084, even 7080 will be tough. But will be interresting to watch, maybe something surprising happens.
Cable Update (GBPUSD)
- OnlineAddict replied Jul 22, 2014
Not long yet, today's daily candle will be too bearish, but I definitely want to long it between 1.34 and 1.3450 this week. With a target of 3567.
EURUSD
- OnlineAddict replied Jul 22, 2014
Long at 55, might be just a daily scalp, if it keeps falling.
Cable Update (GBPUSD)
- OnlineAddict commented Jul 22, 2014
First? How long did it take to go down from 1.6 to today's 1.35? Years?
Euro Slips, but will it Break?
- OnlineAddict commented Jul 22, 2014
You are on one side of the trade and a MM is on another side of the trade. How does he get your money? 2 options, margin call or touching the SL. There can't be 2 winners, us and the banks and other MMs. If you think that this market is not ...
US Consumer Price Index – June 2014
- OnlineAddict replied Jul 22, 2014
Might be safe to wait it out...for me, if we have a big bear day, 100 pips or more, I will long it without a SL, for me that would be it, when it comes to pullback towards 1.73. Or we we have a big spike up, 7250 might be a good place to short in a ...
Cable Update (GBPUSD)
- OnlineAddict replied Jul 22, 2014
Look at daily...we didn't have so many bear days in a while...but they are all small bear days, so there is either a big bear day coming to finish it up or a big bull day again. Tomorrow is some good GBP stuff, might be a dangerous day to trade ...
Cable Update (GBPUSD)
- OnlineAddict commented Jul 22, 2014
Using tight SLs around important news is like giving up on the money in advance.
US Consumer Price Index – June 2014
- OnlineAddict replied Jul 22, 2014
For now even 7084 seems too much, been watching it all night, nobody could get through and they tried...all of them, asians, germans and london...seems to be the top of the day, if we get close on red data at 9, I might try a short.
Cable Update (GBPUSD)
- OnlineAddict replied Jul 22, 2014
If we went more down this week, I would start longing 6970.
Cable Update (GBPUSD)
- OnlineAddict replied Jul 22, 2014
I hope its green, never got my double bottom on M1 to enter my long. Now it might be over for longs today and just some short scalps...ah well...
Cable Update (GBPUSD)
- OnlineAddict replied Jul 22, 2014
First move worked out, we got 7060, even lower. Now will the 2nd workout, too? We need to break 7084 and then 71, won't be easy.
Cable Update (GBPUSD)