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Chicky replied May 21, 2009If I correctly read your chart, you are currently short. Is this a short term position?
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Chicky replied May 21, 2009Made 25 pip and lost 125. If it goes like this, I will soon reach ultimate end of trading. Should better enter another full position short from here. It should not cross 1.4000. If it does, will reverse my both short positions to long for 1.4200 ...
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Chicky replied May 21, 2009I went anti-trend all my life until today. Found it high risk less rewarding but easy to identify opportunity, certain degree of assurance, confident trades, etc, etc. The only requirement is good money management. Now want to do the same following ...
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Chicky replied May 21, 2009Exactly. This is my plan. I am carrying a full long positon, still in red. Will close it above 1.3825. The will wait for short entry depdending where it goes. If it breaks down, will incur some drawdown, but plenty of pips going with south trend ...
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Chicky replied May 21, 2009I wil enter shorts either below 1.3750 or above 1.3800. If it goes above 1.3800 will wait to see where it stops.
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Chicky replied May 21, 2009Yes. I agree with you. But this 1.3750 support seems very tough. I think If it does not break this support today, then a range above 1.3800 is likely. In this case it may take days, for it to break this support. PA did not get enough time this ...
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Chicky replied May 21, 2009Bears: Do nothing Bulls:Turn your monitors upside down and shake a little. It is not going to move by itself.
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Chicky replied May 20, 2009Thanks Vulture. Many moves give me few pips. But yesterday, I had to take a lot of risk to earn few. Though I carefully plan my trades and minimize possibility of a disaster beyond a pre-determined risk, the profits are not great. I am now looking ...
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Chicky replied May 20, 2009Caution: I have made some basic changes to my method. However, please continue ignoring my calls if you still don't want to invite trouble. Calls for now: 1. Bulls - sitback, relax and enjoy your journey 2. Bears - Do what bulls are doing.
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Chicky replied May 20, 2009Thanks Shamu. I gonna study them right away. Basically, I am trying to find a way of maximizing profit by considering some adjustment to my method. See what comes out. Thanks again Shamu.
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Chicky replied May 20, 2009Thanks Shamu, I will be at home waiting. I am not sure if you got a chance to read my yesterday's delayed reply - I am at East Coast, NY.
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Chicky replied May 20, 2009Thanks Atlast. I value your opinion and really appreciate your help.
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Chicky replied May 20, 2009Thanks Atlast. Are you suggesting that one should wait for another higher low (HL)?
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Chicky replied May 20, 2009It still is, until someone like you help me establish good relationship with trend. Identifying trend is my weaker point, and playin in its direction is the weakest of all.
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Chicky replied May 20, 2009How do trend followers scale up, so that when friend turns into foe, damage is minimum? 1. Add uniformly on every dip 2. Add increasingly 3. Add decreasingly 4. Don't add at all
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Chicky replied May 20, 2009SOS — Help needed! I heard that Trend is a Friend. I looked for a friend and found two. On is on IH chart and another on daily chart. Both these friends tell me Go North with them. I have two questions here: 1. Have I correctly interpreted ...
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Chicky replied May 20, 2009Yes, up or down, both can be profitable. Depends how you play the game and how many chips you are holding..
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Chicky replied May 20, 2009What do you think many others do here? You are doing pretty good.
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