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FXCapitalist replied Jun 25, 2008something like that, I calculate stuff based on the price action and my risk and reward ratios. of course Ill move my stop. That's my main focus on a trade, my stop.
EURUSD
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FXCapitalist replied Jun 25, 2008Supports broken past 1.5550 — And this is significant due to EUR Session picking up.
EURUSD
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FXCapitalist replied Jun 25, 2008LOL my target is my stop. I have no target. All i do is manage risk i dont care when I get out. *REMEMBER dont consider my statements as financial advice =] consult your financial planner accordingly****
EURUSD
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FXCapitalist replied Jun 25, 2008Well there may be a correlation, but never a 100% correlation, we can leave it at that.
EURUSD
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FXCapitalist replied Jun 25, 2008they dont lie, to a point which is the last candle of the past. other than that, anything goes.
EURUSD
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FXCapitalist replied Jun 25, 2008K — I cant walk away, I can say I was wrong on the last lot, however i still won =]
EURUSD
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FXCapitalist replied Jun 25, 2008same — forsure man, i think im gonna walk away for now. bbl in 30 min
EURUSD
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FXCapitalist replied Jun 25, 2008On the otherhand, — The COT reports dont lie, alot of bearish sentiment for the EUR/USD but as I say...we shall see. will we be a part of it or watch on the sidelines...hmmm...decisions...decisions....
EURUSD
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FXCapitalist replied Jun 25, 2008I dont know man. — By the looks of it that was quite a sharp break. But we can never be so sure....but a tip sell right now at 1.5554 keep your stop tight @ about 10-15 pips, what have you got to lose? just that little for a highly probable ...
EURUSD
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FXCapitalist replied Jun 25, 2008It can be one of a few things.. — This is a quick bear trap or the resistance is at 1.5560 now, atleast for the moment.
EURUSD
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FXCapitalist replied Jun 25, 2008I was in and out anyways i dont care what happens to the last one only time is in it's hands.
EURUSD
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FXCapitalist replied Jun 25, 2008Dont ever disregard DeMark — Was already short 3 lots TP on 1 +20 pips and the other one trailed and got stopped out +16 pips the 3rd one is running locked in +5 pips either way this trade was won =) thanks for the help guys if any of you set ...
EURUSD
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FXCapitalist replied Jun 25, 2008Damn — Those guys must love me JK there goes the breakdown. GO GO GO!!!! SELL SELL SELL!!!!
EURUSD
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FXCapitalist replied Jun 25, 2008HAHAHA see, told you they know how i do it. lol JK blame Credit Suisse *oops* =x
EURUSD
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FXCapitalist replied Jun 25, 2008I say come the announcement.... — The EUR falls to atleast 1.5540 that's a minimum after FED FUNDS Rate. but then again...we can never be forsure, this is the contrarian prediction so we shall let the market digest the snack benny bernanke ...
EURUSD
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FXCapitalist replied Jun 25, 2008Here — This baby's been ranging for the past few hours, this is gonna be a huge breakout. a fairly decent one to say the least -.-
EURUSD
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FXCapitalist replied Jun 25, 2008*ahhhh — This is the life. just sitting in front of the monitor anticipating the next move on the m3 and m5 charts, best way to spend your time i guarantee it =]
EURUSD
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FXCapitalist replied Jun 25, 2008k — lets see if this next up move takes care of the last set of sellers.
EURUSD
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FXCapitalist replied Jun 25, 2008same here, I'm only 1.5% on average, give or take 1%~2%, I move it to break even then trail it when it exceeds my risk by 2X.
EURUSD