burnt today... -200 pips..

Your EU position?

My EU holding -ve 120pips. Now if the price go higher, then Iam out

yea EU ...

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Added on November 4, 2008, 6:51 pmi gonna make one last trade.. i'm thinking EU is running out of steam already.. but y is it appreciating? shouldn't the US be appreciating instead because of the election ?

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Added on November 4, 2008, 7:22 pmplacing limit orders at 1.28010 for EU short and 127.373 for EJ short.. going to buy slightly bigger lots as this is the only part i feel confident to short at the moment.

This post has been edited by kelvin_tan: Nov 4 2008, 07:22 PM

Has anyone tried any EA software? Is it legal to talk about Forex Software System? I haven't see anyone open thread regarding review 1 Forex Software.

uk9089 thats probably because we dun use any software to trade aside the trading platform.

on a side note, EU and EJ set SL to +1.. i'm not taking chances with this market conditions.. both holding 30 pips now..

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Added on November 4, 2008, 8:05 pmwaiting for USD appreciation now as somehow election does that. But can any1 tell me why?

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Added on November 4, 2008, 8:28 pmgot stopped out..

This post has been edited by kelvin_tan: Nov 4 2008, 08:28 PM

Seem most of major currency has trending up.
Time to change to long strategy.

this is due to the election but what i dont understand is WHY is EU going up instead of it going down due to USD strengthening..

Simple, I cut my LOSS on EU for -151pips. Seems like my H&S doesn't workout right here. Haha

when is this bull run coming to an end ?

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Added on November 4, 2008, 8:40 pm@mph
any clues on your chart? i'm lost here.. this volatility is simply nuts..

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Added on November 4, 2008, 8:46 pmmy prediction here would it be it will go to 1.2909.. from there i will short.. aside that i'm very worried bout taking any positions... burnt... 25% of my total profits in one day isn't fun

This post has been edited by kelvin_tan: Nov 4 2008, 08:46 PM

Today gonna wait and see what happen. Not really confident thru. Coz cant find any valid channel for me to trade now.

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Added on November 4, 2008, 8:48 pmI wont simply take any short now. Later I will post up some chart on H4. See on bigger picture. This one still is on smaller Tf. Cnat see any really nice point.

This post has been edited by mphpopular: Nov 4 2008, 08:48 PM


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[quote=kelvin_tan,Nov 4 2008, 08:40 PM]
when is this bull run coming to an end ?

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Added on November 4, 2008, 8:40 pm@mph
any clues on your chart? i'm lost here.. this volatility is simply nuts..

[img=http://img136.imageshack.us/img136/5540/eurusdav7.th.gif]


where do you shorted? i saw on the below 4 hourly chart it near the 78.6, so might have some support over that level.

i might short EU if the top 4 hourly chart hit at least above 50% level

This post has been edited by r326196: Nov 4 2008, 08:56 PM

I currently hold 0 position except for my EURCAD that day. Even if the price hit the level now, I also wont short it. I will rather wait for confirmation from indicators first. Coz the market is keep bulling. Mayb US election?

This post has been edited by mphpopular: Nov 4 2008, 09:00 PM


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i have exitted my trades... waiting ... placed limit order at 1.2900..

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Added on November 4, 2008, 9:03 pmi also dunno y is the election making USD go down? EU going up = euro up usd down... swt..

This post has been edited by kelvin_tan: Nov 4 2008, 09:03 PM

GJ h4


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Time for short position on EJ & UJ

@casanova
plz post a chart or something. or at least tell us why short EJ and UJ ?

i feel not the time to short yet, short around 78.6 level at 4 hourly chart is safer
if you More aggressive then 12896 might be another level, b cause it hitting resistence level

This post has been edited by r326196: Nov 4 2008, 09:34 PM

what point is 78.6 on 4 hour chart? everyone draws fibo differently ><

a chart explain thousands word. >.<
Recently i seldom post chart coz doesn't see any point that i would trade.
Just closed one short position with -100pips. Not dare to short anymore.
Else become "shot shot dei" liao due to losses.
Time to rest for awhile.