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steelhead replied Aug 5, 2008[quote=piptechnician;2147730] Im waiting for after news shakeouts will be on both sides on news announcement. They will be hunting stops from top and bottom.
EURUSD
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steelhead replied Aug 5, 2008[quote=piptechnician;2147677]No replies I will take that to mean we are all short here. I thought when all retail traders started thinking the same that someone would take their money.[/quot Im just patiently waiting for my place to go long.
EURUSD
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steelhead replied Aug 4, 2008welcome to the shakeout. Stop hunting taking place. Looking for my place to long
AUD/USD
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steelhead replied Aug 4, 2008I guess I dont understand such concrete numbers. When I trade I moniter the trade if its not progressing I take some profit. I also consider though if the reason it is not moving is time of day or major news announcement. Just my thoughts
Cable Update (GBPUSD)
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steelhead replied Aug 4, 2008Careful of making a certain tp. take what the market will give you. It might not get that far or it might go further that is what you have to gage. If you dont get to 1.9813 are you going to let it become a losing trade?
Cable Update (GBPUSD)
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steelhead replied Aug 4, 2008Dude consider the time of day it is for one. Also major news coming out later tonight and in the morning. You expect this thing to go nuts at this time of day
Cable Update (GBPUSD)
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steelhead replied Aug 4, 2008The shakeout is happening time to go long at close of four hour candle. This is just a shakeout
Cable Update (GBPUSD)
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steelhead replied Aug 3, 2008So 9300 no good but a break of 9338 is good. Why are you buying as the market is going up. 9300 is a great area to get long.
AUD/USD
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steelhead replied Jul 28, 2008There is where you are wrong. That info can make the currency go up or down. Its all just bs. that news has nothing to do with what is really happening with the e/u. if it drops down again i will be buying more euro
EURUSD
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steelhead replied Jul 28, 2008Don't get stuck on your computer all day. The times to trade are london and early us session. make sure you spend some time away from your charts everyday. Afternoons are very slow.
Time of day to trade
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steelhead replied Jul 27, 2008[quote=acumen;2130632] Did I say I only stay in a trade for one day. Somtimes I take one trade a week and hold it all week.
EURUSD
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steelhead replied Jul 27, 2008My favorite is from Rounders. " listen if you can't spot the sucker at your first half hour at the table then you are the sucker" This market isnt a game to me. This is how i put food on the table for my family. This is a buisness it isnt playtime. ...
EURUSD
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steelhead replied Jul 27, 2008So you are looking for 18 pips but will let is go 32 against you. How does that money management work? You better be right 100% of the time with that risk reward ratio. If you are going for 18 pips your stop better not be more than 8. Your ratio is ...
EURUSD
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steelhead replied Jul 27, 2008should be buying at 1.5650 with stop loss below 1.5600. 25 pip stop loss not enough to let trade breathe. 25 pips is just noise you set yourself up to be shark bait.
EURUSD
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steelhead replied Jul 26, 2008trading breakouts not healthy. You will be shark bait. If you are going to buy why not do it now when it is a buy setup. Again 5800 is not a buy setup
EURUSD
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steelhead replied Jul 26, 2008Should 5800 break you will be buying. Why? you will miss 150 pips of the move. You also could be buying a top no shock there though. the buy is now or at 1.5650 or so. Not when it breaks 5800 that is not a buy setup. You buy as the market is going ...
EURUSD
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steelhead replied Jul 25, 2008How funny is that. the bulls are just starting. Going away for 5-7 days lol
EURUSD