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Shermenator replied Apr 2, 2009NZDUSD — This is a trade I am currently in...I will let if mature and then based on how it moves I will either hold or get out.... image
No Brainer Trades
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Shermenator replied Apr 2, 2009So what does this tell traders. If your new to trading back off the screen an watch a movie or you will get raned over. Reason is the new traders marry their positions all the time and expect the market to reverse because they got in. Many times you ...
No Brainer Trades
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Shermenator replied Apr 2, 2009Yep on any regular day it would be a money maker...it would not do this crap image
No Brainer Trades
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Shermenator replied Apr 2, 2009If by any means I am cluttering the thread a bitt you guys let me know and I will back off a bitt in the posting
No Brainer Trades
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Shermenator replied Apr 2, 2009You see when the sentiment is like this you want to pick a levels that reacts fast ...if it does not it simply means not enought people are convinced just yet. Meaning the level was correct but the amount of orders are not enought so you have to ...
No Brainer Trades
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Shermenator replied Apr 2, 2009USDCAD — Closed it ...took my 10 pips...nobody is buying this except me..lol...not enough reaction when the sentiment is like this.... image
No Brainer Trades
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Shermenator replied Apr 2, 2009USDCAD — I will move to break even very fast due to market conditions... even if it means get taken out at break even and then the market going your way. Thats trading... image
No Brainer Trades
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Shermenator replied Apr 2, 2009USDCAD — I am currently long in th usdcad up 4 pips...for some reasons I cant upload my pictures
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Shermenator replied Apr 2, 2009I remained out since the conditions are not meant to be pulling the trigger at ok levels of support or resistance. To many similar levels got broken prior to that one gettting hit causing to many limit orders to be lifted from typical levels and ...
No Brainer Trades
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Shermenator replied Apr 2, 2009When price goes in one direction to much even if it is making retracements in that timeframe it does not mean that it has gone back to being a bargain . It tells us the last impulsive reaction in the market has calm down...by this it tells us that ...
No Brainer Trades
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Shermenator replied Apr 2, 2009USDCAD — I am looking to go long in this area...but I will watch price action around this area...See pulling the trigger in touch would require me to place a large stop simply because of the conditions in the market.... image
No Brainer Trades
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Shermenator replied Apr 2, 2009Trading in a smaller timeframe against them in this area is what they whant you to do . When you buy eurusd they are selling them to you and they are able to cover you . At the same time they buy dollars and you are the one selling them to them. So ...
No Brainer Trades
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Shermenator replied Apr 2, 2009Why are you buying to an overbought market ? look at the higher timeframes and look at how price is walking into large supply areas
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Shermenator replied Apr 2, 2009I will also look for price action though ....around either one though
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Shermenator replied Apr 2, 2009GBPUSD — I could care less if the yellow level holds....I would only step in front of it from the red one simply because of the markt conditions offered to me today... image
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Shermenator replied Apr 2, 2009Well I dont have a specif rule on that mate...instead I will watch price once the level gets hit....if hits anot pierce I might take it as well as I might wait for some preice action instead...and the level must be obvious in the timeframe I am ...
No Brainer Trades
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Shermenator replied Apr 2, 2009Yep so what does that tell us as traders?....that we cant be standing in front of it in littlelevels but only the most powerful levels...it also tells us to move stop to break even extremly fast even if it means you get kicked out and then it ...
No Brainer Trades
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Shermenator replied Apr 2, 2009EURUSD — wholy crap just in time...this are things as traders you want to be aware of when trading . You see if the market is movin in a special way you must adjust or you will get killed. You never want to be mechanical in trading since the ...
No Brainer Trades
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Shermenator replied Apr 2, 2009EURUSD — This is why I took my pips and ran...because as a retail trader I dont know if theirs enough orders to cover the buying specially when the market is to agreessive... image
No Brainer Trades