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shellsnail replied Nov 16, 2013Agree with GBP/CAD presenting great opportunities. Was looking at that as well.
Cable Update (GBPUSD)
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shellsnail replied Nov 16, 2013Personally, I am bearish (or should I say, open to further downside movement) until it takes out 1.364. I'm short EUR/CAD, but if there's no impulsive follow through by Monday, I'm getting out.
EURUSD
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shellsnail replied Nov 16, 2013Some brokers have it... It's a weighted index. If yours doesn't then I'm sorry. EUR/LFX
EURUSD
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shellsnail replied Nov 16, 2013My point is, anything can happen in the markets. It's not rare for markets to be diverged from fundamentals for some period of time so becareful with having too strong an opinion about where prices OUGHT to go... pretty dangerous set up here for the ...
EURUSD
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shellsnail replied Nov 16, 2013Definitely not a corrective up move in my opinion... It's pressing for a breakout.
EURUSD
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shellsnail replied Nov 16, 2013If I tune out from all the EUR/USD bearish mania going on with the retail crowd and just look at the charts... EUR index 4H time frame presents a good long trade opportunity from the current chart pattern. USD index 4H time frame shows the pair ...
EURUSD
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shellsnail replied Nov 16, 2013My point is, the EA is a really good tool, that you can add to your money management and trading arsenal. Think about it, you are investing $550 that can potentially save you many many many years of your life and is something that can accompany you ...
Sell a working Expert Advisor
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shellsnail replied Nov 16, 2013How I use this EA. Not going to reveal details as this is my edge. cheers.
Sell a working Expert Advisor
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shellsnail replied Nov 16, 2013Well as TS mentioned, the EA is semi-auto. If Mehdi chooses to risk more in search for faster and larger gains by using a larger lot size, then he has to bear the consequences of adverse market movements himself. Seasoned traders will be able to ...
Sell a working Expert Advisor
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shellsnail replied Nov 15, 2013From: url For dealers, its a different game, because when markets are going up in a BEAR market, customers keep making them short, their book keeps getting bigger short, but their average cost of being short keeps going up. all they have to do is ...
Sell a working Expert Advisor
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shellsnail replied Nov 15, 2013url Bull makes money, Bears make money, Pigs get slaughtered. You see, when bulls are making money, Bears are not. When bears are making money bulls cannot. But the one who's trying to catch both buses will sooner be dead. Crossing the road from ...
Trading Without a StopLoss
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shellsnail replied Nov 15, 20131.3545. If that breaks, 1.3625. If that breaks, we likely see new highs on EUR/USD. Good weekend to all.
EURUSD
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shellsnail replied Nov 15, 2013People are willing to take 10% drawdowns from having 5 2% losers, but when someone tells them that they can perhaps suffer a 10% drawdown momentarily to wait for those 5 trades to come to back break-even before closing they say that he/she is a ...
Trading Without a StopLoss
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shellsnail replied Nov 15, 2013yes it seems rudimentary, but I can tell you getting out of the market consistently when price reaches X number of pips beyond your entry (i.e. having a SL order in the market) is probably one of the most blunt instruments you can use. Sure it might ...
Trading Without a StopLoss
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shellsnail replied Nov 15, 2013Very true. But it is the same as exiting the trade with a stop-loss (as soon as it became apparent) and reentering when price got to another entry point. The net effect is exactly the same. So I don't see how your approach is any different if you ...
Trading Without a StopLoss
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shellsnail replied Nov 15, 2013So maybe conclusion is, if you know what you are doing, you don't need to place a stop-loss order in the market. But you really need to know what you are doing, and need to know when to get out when things are really going bad. When all else fails, ...
Trading Without a StopLoss
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shellsnail replied Nov 15, 2013But then again, these price spikes don't just happen randomly, unless some politician decides to say some nonsense. By all means avoid trading during heavy news, but bear in mind these are also the times for best profit. No risk no gain.
Trading Without a StopLoss
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shellsnail replied Nov 15, 2013A fact: Stop loss order placed with your broker is basically saying you are WILLING and ABLE to sell or buy at that price. Last I checked, that's the definition of demand and supply. You are basically guaranteeing to buy high, sell low. Ofcourse ...
Trading Without a StopLoss
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shellsnail replied Nov 15, 2013here's an example from today's market. brownie points if you guess which pair this is.
Trading Without a StopLoss