If you do not know who you are, the Forex is the worst place to find you
{quote} {quote} Ok as I say price fall...1 postion I take profit.... the other 1 stop move to zero and wait for take profit in the 4h sma400
You think 1305 will be the point of a significant move higher?
- #4,567
- Mar 24, 2014 4:20pm Mar 24, 2014 4:20pm
- | Commercial User | Joined Feb 2014 | 1,077 Posts
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
- #4,568
- Mar 24, 2014 4:34pm Mar 24, 2014 4:34pm
{quote} Oh okay, I guess your terms of definition got me confused there, if I hadn't thought about it twice I would again have concluded that you were just talking about the futures market! A spike is somewhat considered a sudden move in price which reverses afterwards in less than a few seconds, an error per se most times initiated by the broker to take out SLs. I see the price going down but how far I dunno, I guess until my adjusted SL/To gets hit. {quote}
.Again, I still don't see this downtrend going back up tomorrow (maybe the day after or the day after tomorrow after but definitely not tomorrow) with the range/weight of the daily bar experienced today, like the saying goes, the trend is always your friend till it's about to end so it pays to go with the flow until it shows signs of slowing down and reversing. I can bet you SLs would get hit several times while trying to predict the bottom of a trend (except if you're trying to pick up some few pips on the retracement).
Less is more...
- #4,571
- Mar 24, 2014 6:53pm Mar 24, 2014 6:53pm
{quote} Sorry I couldn't join in the BEAR feast guys, my position was not executed because of the +300pips sharp drop in price around 1320.00, I guess a BIG BEAR came to the market to offload then so we small BEARS had to scamper for safety! (had a 50pips safeguard with my broker) but I promise to come back prepared and ready to dine tomorrow while I search for a convenient position to set up
Agree to that... Cheers
- #4,574
- Mar 24, 2014 8:34pm Mar 24, 2014 8:34pm
{quote} Sorry I couldn't join in the BEAR feast guys, my position was not executed because of the +300pips sharp drop in price around 1320.00, I guess a BIG BEAR came to the market to offload then so we small BEARS had to scamper for safety! (had a 50pips safeguard with my broker) but I promise to come back prepared and ready to dine tomorrow while I search for a convenient position to set up
cheers
- #4,575
- Mar 24, 2014 8:53pm Mar 24, 2014 8:53pm
{quote} Hey dude, how have you been?! Haven't been seeing your posts recently or have you been lurking in the shadows just like me?
... Yes been lurking and no, did not trade...... Am attending a week seminar on advancing my trading skills... Learning is lifelong to me .. Haha... did not post any trade set up because not trading.... I think it's only fair to post if I am trading that set up but be in the dark if not trading... Hehehehe.. Some big moves on XAU yesterday huh?... Hehehe.... anyway, I am fine and hope u are too.... on my charts, I would most likely to look for a trade set up to long at around 1300 and/or 1280 area depending on what the chart presents to me when/if the price moves into that area... Meanwhile, u take care and see u around inside here.....oh btw dude, I also agree on your post previously about banning that trader too... Cheers and have a nice day
- #4,576
- Edited 11:28pm Mar 24, 2014 11:08pm | Edited 11:28pm
- | Joined Jul 2013 | Status: Trader | 1,494 Posts
A trade should be based on an assumption based on facts
- #4,577
- Mar 24, 2014 11:28pm Mar 24, 2014 11:28pm
- | Joined Aug 2007 | Status: Trading make u smarter. | 1,230 Posts
- #4,578
- Mar 25, 2014 12:20am Mar 25, 2014 12:20am
- | Joined Jul 2013 | Status: Trader | 1,494 Posts
A trade should be based on an assumption based on facts
- #4,580
- Mar 25, 2014 1:03am Mar 25, 2014 1:03am
- | Joined Jul 2013 | Status: Trader | 1,494 Posts
A trade should be based on an assumption based on facts