FOREX PRO Weekly October 15-19, 2012

[Synchronicity]

Thanks a million.
Btw, how do I go up in rank?

Forex Peace Army FAQ

This reply gets me one step closer to the next one

Michael

 

[minimax]

Thank you Mr. GoodDeeds,

if you were a man as you claimed you were, we all would benefit.

Good luck with your family and so intellegent nephews and relatives.

Thank you again!!

ps

sent pm to Craig

 

[MidnightRun]

Thank you Mr. GoodDeeds,

if you were a man as you claimed you were, we all would benefit.

Good luck with your family and so intellegent nephews and relatives.

Thank you again!!

ps

sent pm to Craig

Hi minimax,
Is it a message for Craig? Apparently I was banned from his live charts or something - a few weeks back I suddenly could not get in there any more, tried for a few days and stopped. Judging by your message it is still alive and kicking, so whats going on there (I am curious) Thanks

 

[Kalgan]

Hi Sive and my fellow traders*

Sive used to do analysis on other currency pairs besides EURUSD and trading has been quite confusing over the last few weeks no?

So here are just a couple of my thoughts:

Move to 1.27 is still possible I agree and if you look on 4hr GBPUSD you will see it put in a nasty down bar yesterday.

Also if you draw a fib retracement on the EURUSD daily chart from the low in July to the last high in Sept you will see that minimum 38% retracmment lies at around 1.2730.

Market has headed in that direction twice now but stopped just short and headed back up....BUT, you know what they say about gaps and untouched targets ;-)

Still as we know, market will do what market will do and we must remain flexible and always use stops.

These are just a couple of my thoughts, also based on the fact that I am short at 1.26 & 1.27 and hoping to get out of these soon...

Best of luck to us all and again, thankyou Sive for your consistent and generous daily and longer term analysis*
K2*

 

[BeeKay8]

Hi Sive and my fellow traders*

Sive used to do analysis on other currency pairs besides EURUSD and trading has been quite confusing over the last few weeks no?

So here are just a couple of my thoughts:

Move to 1.27 is still possible I agree and if you look on 4hr GBPUSD you will see it put in a nasty down bar yesterday.

Also if you draw a fib retracement on the EURUSD daily chart from the low in July to the last high in Sept you will see that minimum 38% retracmment lies at around 1.2730.

Market has headed in that direction twice now but stopped just short and headed back up....BUT, you know what they say about gaps and untouched targets ;-)

Still as we know, market will do what market will do and we must remain flexible and always use stops.

These are just a couple of my thoughts, also based on the fact that I am short at 1.26 & 1.27 and hoping to get out of these soon...

Best of luck to us all and again, thankyou Sive for your consistent and generous daily and longer term analysis*
K2*

You are SHORT @1.26 and 1.27? Damn, son.. I wish you the best of luck. Cut your losses short. Admit your mistakes and exit early. Loss of opportunity is preferred to loss of capital.

 

[Kalgan]

Yeh I totally agree....

That move up was so aggressive I broke a rule and didnt put in a stop loss....

And we all know what happens when you break a rule....

However I only put out lot sizes relative to my equity and that is why my drawdown is not too bad....

At least now I have a level to watch for if it does break higher...I will then take the loss*

Regards
K2*

 

[FreddyFX]

Yeh I totally agree....

That move up was so aggressive I broke a rule and didnt put in a stop loss....

And we all know what happens when you break a rule....

However I only put out lot sizes relative to my equity and that is why my drawdown is not too bad....

At least now I have a level to watch for if it does break higher...I will then take the loss*

Regards
K2*

SCARY way of trading, mate !!!

 

[Kalgan]

SCARY way of trading, mate !!!

Try Martingale....!

Anyway, I was hoping to get some further thoughts on the other part of my post instead of the fact I missed a couple of stop losses....

 

[kool190]

hello guys, keep in trading.
@freddyfx do you are friend of cobraforex and thv-team member?
regards from germany