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benaiah replied Dec 11, 2014
Yep, and back into the upward moving channel, need it to push off from hereBull City Baby! Buying Opportunities
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benaiah replied Dec 11, 2014I'm in too. Looks like it's trying to get back above the bottom trend line of the channel it's been in since the start of this reversal. My SL is 20 pips though, more than I like, so hopefully we'll see support established quickly, and I can tighten ...
Bull City Baby! Buying Opportunities
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benaiah replied Dec 11, 2014Trying to bounce at current level... Even gapped up. Time to buy?
Bull City Baby! Buying Opportunities
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benaiah replied Dec 11, 2014Definitely on the lookout for support to be found. But I think the next level down around 118.29 shows more recent support, and is more likely. But I'll be watching the price to see when it bounces, so I can get back in long...

Bull City Baby! Buying Opportunities
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benaiah replied Dec 11, 2014I see the need to get above 119.91 as soon as possible, to re-establish the trend. And ideally a new high, but that will take some major bull power to do in 2 days...
Bull City Baby! Buying Opportunities
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benaiah replied Dec 11, 2014Hey guys. I decided, if buyers can be together on a thread, then why not sellers? Post 1
Bull City Baby! Buying Opportunities
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benaiah replied Dec 11, 2014And I can relate to this too. I'm always afraid I'll miss trades. But I'm weaning myself off of that mentality gradually. For example, when the reversal didn't confirm last night I went to sleep after I closed my positions. When I woke up today, the ...
Bull City Baby! Buying Opportunities
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benaiah replied Dec 11, 2014That's really awesome that some have been able to recover from this deep retrace with profits.
I don't know how you survived it mentally and emotionally. I cant' sleep much with an open trade in profit, let alone a deep drawdown
...Bull City Baby! Buying Opportunities
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benaiah replied Dec 11, 2014Bouncing a bit right now, just move SL under the candle - around 119.05. If it starts to turn back down, then TP - just a suggestion
Bull City Baby! Buying Opportunities
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benaiah replied Dec 11, 2014Yes, and I wish I could just let it ride as well. But, so far in my trading journey, I've learned that I just can't handle that much risk/draw-down. I need to see profits right away...
Bull City Baby! Buying Opportunities
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benaiah replied Dec 11, 2014Regarding my chart above, I expect UJ to find support before or at the 3rd level down (3rd blue box from top). If this strong uptrend/reversal is as strong as we think it is, we should not see more than 2 support levels broken imo. Also, the 3rd ...
Bull City Baby! Buying Opportunities
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benaiah replied Dec 11, 2014I consider 20 pips too big. Usually around 10-15 or less. My favorites are when I find trades with only 3-5 pips SL.
Bull City Baby! Buying Opportunities
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benaiah replied Dec 11, 2014I use very tight SL with a very high Risk/Reward ratio. One winning trade can erase many losses for me. So as long as I follow my rules, I'm okay. For example, I can lose 10 trades in a single day, and then have one winner and be in profits. Current ...
Bull City Baby! Buying Opportunities
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benaiah replied Dec 11, 2014Yep, watching closely. As posted, this is really, really, key area. I might jump out again if it can't find it's legs soon...
Bull City Baby! Buying Opportunities
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benaiah replied Dec 11, 2014This was a really good post. It made me look at my chart again, since I knew the the H1 200 ema corresponds pretty closely to the D1 8 EMA. I knew something was off on my chart, since I saw price below daily 8 EMA, and you posted price above H1 200 ...
Bull City Baby! Buying Opportunities
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benaiah replied Dec 11, 2014Yes, I'm always looking to maximize my leverage. Good strategy, as long keep SL at break even... Edit: better yet, to keep some profit, and move SL to better than break even as it moves up... Edit2: But what I usually end up doing is jumping ...
Bull City Baby! Buying Opportunities
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benaiah replied Dec 11, 2014
I'm back in. Kind of annoyed with myself because I missed a key part of the 8 ema on the daily. I thought I was looking at 8 EMA but it was smoothed or something. If I would have realize that this thing was consolidating ABOVE the 8 ema ...Bull City Baby! Buying Opportunities
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benaiah replied Dec 11, 2014I also wanted to point out that price is trading below the NY daily close 8 EMA. It hasn't got near it yet on this run up, and closest it got was about 30 pips. I absolutely believe we are going up. But there might need to be a slight retrace, or ...
Bull City Baby! Buying Opportunities