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FOREX PRO Weekly December 03-07, 2012

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Dec 1, 2012.

  1. squidge42

    squidge42 Corporal

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    4hk+wpp.
    maybe, there's K support here too - accelerating too much though
     
    #21 squidge42, Dec 6, 2012
    Last edited: Dec 6, 2012
  2. Kalgan

    Kalgan Private, 1st Class

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    I see euro reaching MPP @ 12890....possibly*

    :cool:
     
    #22 Kalgan, Dec 6, 2012
    Last edited: Dec 7, 2012
  3. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    small add-on to today's update - something like butterfly "Buy" is forming right now. What is interesting is that if it will be 1.618 and market will reverse up - this could give daily stop grabber...
    1.
     
  4. mjunkyard

    mjunkyard Private, 1st Class

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    Thanks for adding an update!
    This is like dream coming true. Getting updates from sive during the day!!
    sincerely
    Mjunkyard
     
  5. mjunkyard

    mjunkyard Private, 1st Class

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    Dear Sive;
    I would like to ask you a small question about today's class.
    You spoke about moving the stop to the b/e.
    The question is when do I move it? In other words; When do I decide that it's not worth it to risk those few pips that I've put as a stop loss for the original trade.
    Thanks again
    Mjunkyard
     
  6. squidge42

    squidge42 Corporal

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    50% major retracement (my Euro favourite), combined MPP and WS1 and a BRN psych level of 1.29---surely now?

    bounce off the weekly stop grab low too and could finish daily stop grab....

    in for a penny as they say.....
     
  7. FreddyFX

    FreddyFX Sergeant

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    A solution you may want to consider is to start taking little parts of your position out every so many points (I trade 5 dec. platforms).
    Personally I don't like to leave any position open very long, but that fits with me being a scalper.

    Or use a TS (Trailing Stop), that way you don't need to stay glued to your screens that much.
     

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