MY GJ was closed at breakeven in half hour juz now. Abit regret for closing too faz, but still, I happy for not losing any bucks.

Now only hold short for EU and GU. See how it goes. SL and TP all set-ed.. Juz see how it will goes, probability of 50/50. Either hit SL or TP.

15m. Juz wish I'm right. Hehe. SL is there, so wont be hurting me much if it does goes bull.

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Added on August 25, 2008, 12:32 pmI guess today morning. Ej does win all if comparing the volatility. The Ej is move faster than the GJ. OMG... GJ juz like a turtle see ing all moving..

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Added on August 25, 2008, 12:36 pmBoth trade is closed. Peace. I know you will telling me there is still alot of short to goes since it broken the support. But I juz following my methodology, I need to train myself to be discipline. Maybe if i didn't follow my rule for this round. I will win for extra 20pips. But maybe in the next time, I will lose for extra 50pips. So i will stay constant wif my way. Hehe

GU closed wif +5
EU closed wif +17

SIfu, you need to teach me about this, how to put a trade then go do something else??? I really cant make it... Cause once i place trade, even wif all SL and  TP. but i still will glue / stick with my PC.

I think he mean long. GU is on going up north. So is EU now.

Oil price just touching 120. I think EU will go higher. Hopefully it can crosses daily R1 and beyond.

I thought it is already passes 61.8% retracement.  The resistance is really at the daily R1 now. With oil and gold up, it will go higher. Maybe at the 1.48 level that Adam was alluded to. Good luck.

Seeking advice from the experience trader here.

When a price has a false breakout of the resistance level, pull back and then try again, how many false breakout do you wait before you decide to take an opposite direction? I watch EU tried to break daily R1 4 times and failed, then went south. If I can recognise this earlier, I could have taken at least 15 pips more.

If you see an immenient breakout, how many pips do you set your TP?  Today I saw UJ will breakout downward and crosses daily pivot. I know it wouldn't reach daily S1 and set a TP of 75% of the upmove. However, it didn't reach that level. I didn't have time to watch it due to work and by the time I came back, it already retrace back to the entry level so I ended up with only 1 pip gain. Could have gotten 55 pips instead. So it would be nice to be able to set a realistic TP level and let it do the job.

Thanks for any pointers.

I loss all of today's profit due to IEA print. Yes, the primany trend of EU is a down trend.

True, but i am down 300 from my last weeks' profit due to Aussie CBA print and todays' IEA print.

I will only short EU from now on. Like you said, playing against the trend is just way too risky.

Falling is faster than rising...

EMA 20 cut below EMA 50 firs time in 3 days for 30 hr chart

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Added on August 29, 2008, 12:33 am

30 min, 1 hr and 4 hr.

Yes, you are right. I gotta remind myself not to trade those ******* currencies.

That's right Dr2. I sense that too. When i look back at the 15 minute EU chart, i saw a shooting star @ 1.48. Too bad i was just happily eating downstairs. I Thought it was a retracement before testing new high. Oops i guess not.

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Added on August 29, 2008, 1:03 amGuys, what do you see on EU chart at the moment? Going further down or going to rebound a bit

The funny thing is, i wrote an email to my friend in UK. I said GBP will fall to 1.83 but i don't know why i still go long! 

Foolish, foolish me..

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Added on August 29, 2008, 1:10 am
Ok, i have a short position open @ 1.4694. Will see if it drops to 1.4660 and retest support.

I am not going to go counter trend on EU. I got stopped out @ 1.4600!! WTF.....and now its back up 1.4621. Sucks...