Disliked{quote} A retracement is due after this sell off... previous support becomes resistance... if that happens might be a good area to sell...Ignored
sell limit at 1250 for me...
- #9,464
- May 30, 2014 12:24pm May 30, 2014 12:24pm
- | Joined Mar 2014 | Status: Noob Trader | 723 Posts
{quote} Yeah.. that's reasonable... Same here...Its funny I shorted at 1258 and sold at 1250...thinking that was it... and then it went down more; so yeah I am waiting for price to retrace to enter a short (will get a good R:R) Shorting or longing now is like being in no mans land!
so I set a sell limit and try to relax
good for you man! $8 is pretty decent
glad to see you again mate! haven't post here for a while
- #9,465
- May 30, 2014 12:26pm May 30, 2014 12:26pm
- | Joined Aug 2012 | Status: Trader | 2,263 Posts
A 1 pip gain is better than a 1 pip loss.
- #9,467
- May 30, 2014 12:34pm May 30, 2014 12:34pm
- | Joined Mar 2014 | Status: Noob Trader | 723 Posts
{quote} checking an emotional impulse is very important when it comes to trading psychology... It's that feeling of "if I don't enter now; I will lose out" and it is that greed of trying to chase everything that makes one lose money at the end of the day... The truth is: the market will always give one an opportunity; if you miss out today--- so what! ; tomorrow you will get another shot! Patience is key--- Be a hunter who waits for its prey to fall in his trap & strike when the odds are in your favor!
very well said bro! let's have a nice weekend and may next week/month give us good opportunity...may the odds be in your favour
- #9,468
- May 30, 2014 12:42pm May 30, 2014 12:42pm
- Joined Mar 2014 | Status: Trader | 1,062 Posts
{quote}
Thanks Good luck to you too..have an awesome weekend!
- #9,469
- May 30, 2014 12:43pm May 30, 2014 12:43pm
- | Commercial User | Joined Aug 2007 | 6,072 Posts
Hello World!
- #9,470
- May 30, 2014 2:32pm May 30, 2014 2:32pm
- | Joined Aug 2007 | Status: Trading make u smarter. | 1,230 Posts
- #9,471
- May 30, 2014 3:03pm May 30, 2014 3:03pm
Really love this reversal formation.
Close shop for today, hopefully June will be a better month. Good Luck everyone and enjoy your weekends! Time for some beers!
Close shop for today, hopefully June will be a better month. Good Luck everyone and enjoy your weekends!
Time for some beers!
The only winner is the one who survive the longest...
- #9,472
- May 30, 2014 3:08pm May 30, 2014 3:08pm
- Joined Mar 2014 | Status: Trader | 1,062 Posts
Really love this reversal formation. Close shop for today, hopefully June will be a better month. Good Luck everyone and enjoy your weekends!
It might be a gift for bears...
Rise on low volumes...testing resistance area...
I'm almost about to short...but since its the weekend I don't want to risk it...
- #9,473
- May 30, 2014 3:13pm May 30, 2014 3:13pm
- | Joined Aug 2007 | Status: Trading make u smarter. | 1,230 Posts
Really love this reversal formation. Close shop for today, hopefully June will be a better month. Good Luck everyone and enjoy your weekends!
this is the gold gift price movement for many of us
good luck, nice weekend.
- #9,474
- May 30, 2014 3:14pm May 30, 2014 3:14pm
{quote} It might be a gift for bears... Rise on low volumes...testing resistance area... I'm almost about to short...but since its the weekend I don't want to risk it...
The only winner is the one who survive the longest...
- #9,476
- May 30, 2014 3:27pm May 30, 2014 3:27pm
- Joined Mar 2014 | Status: Trader | 1,062 Posts
Hopefully it close above 1250-1252 today and open market finding support around 1242-1246, then we may see a possible reversal. {image}
This is bound to fall again on monday... there is no volume! It might even just gap down on monday!
*All in all it was rather strange today...with Usd index falling for the day too*
Have a great weekend!
Cheers to all!
