Todays a good day to sell some Euros:
Apr 18, 2012 at 10:30
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7 Replies
Apr 18, 2012 at 10:30
Bearish on both the M15 and H4 charts, im waiting for the previous intraday key low of 1.30863 to be broken. Ive set my entry a few pips below as this rate also coincides with a daily pivot which is providing strong support... once this is broken I expect the rate to drop and follow the bearish trend.
Bilagor:
The money is between the chair and the screen
Medlem sedan Apr 18, 2012
2 inlägg
Apr 18, 2012 at 14:51
agree..^^
Apr 18, 2012 at 21:57
sounds like your plan is all set, but I'm curious, if today is a good day to sell Euro why don't you just open a short position? by the time the price reaches your blue sell zone, you'll already be having 30-40 pips profit to easily lock-in some profits or be risk-free in the worst case scenario.
"The first rule of forecasting should be that the unforeseen keeps making the future unforeseeable." - David McCasland (January 5,2012, Our Daily Bread)
Medlem sedan Nov 27, 2010
244 inlägg
Apr 21, 2012 at 23:27
(redigerad Apr 21, 2012 at 23:29)
Paul's quote is particularly apt in this case. Hope you've placed a protective stop, or at least a stoploss.
Bilagor:
Consistency above all.
Apr 22, 2012 at 19:51
Hey Raiden, wanna meet? I'm trying to arrange another get-together with 2 other traders, say end-april? I'll message your mobile.
Btw, my robot went short on that same day, that's why I responded to this thread. Locked in risk free then got kicked out at +1 pip. Then the robot went long and got kicked out at +19 pips. Sad volatility. If Ben really went short at his blue zone, he'd be tossed around by the market.
Btw, my robot went short on that same day, that's why I responded to this thread. Locked in risk free then got kicked out at +1 pip. Then the robot went long and got kicked out at +19 pips. Sad volatility. If Ben really went short at his blue zone, he'd be tossed around by the market.
"The first rule of forecasting should be that the unforeseen keeps making the future unforeseeable." - David McCasland (January 5,2012, Our Daily Bread)
Medlem sedan Nov 27, 2010
244 inlägg
Apr 22, 2012 at 23:40
Sure! Let me know as early as possible though, schedule's getting a little packed.
Hopefully this doesn't stop Ben from posting his analyses, always useful as a practical log for himself.
Hopefully this doesn't stop Ben from posting his analyses, always useful as a practical log for himself.
Consistency above all.
Apr 23, 2012 at 06:21
Hi Paul, The reason I didnt go short straight away is because I was waiting for confirmation that the rate was going to drop. Ie breaking down through that resistance line. I do agree with what you are saying though. And yeah guys I always have a SL.. I dont risk any more than 1% .
Good that your robot took some pips... unfortunately I didnt get to my exit points so my SL got hit. Ah well.
Good that your robot took some pips... unfortunately I didnt get to my exit points so my SL got hit. Ah well.
The money is between the chair and the screen
forex_trader_77056
Medlem sedan May 10, 2012
71 inlägg
May 12, 2012 at 10:04
Totally unrelated : I've looked at quite a number of systems on this site, and Paul's is the one I agree with the most !
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