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May the forex be with you...

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Posted: #126
im kinda worried that it will break through the 11240 but if it gets there i will average up again. 

believe me i was so pissed when i seen it was 50 pips below my average today and i hadnt changed my limit after i averaged up yesterday. 
 
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Posted: #127

It looks as though youll be ok...fib lines of last move at 11040[.382] and 109839[.50]...i would think it tests the 1040 line again..but the bounces today have been sick nasty...

 
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Posted: #128
damn looking at this pair now im not sure if 11240 would be a good spot to average up on the daily it has r1 @ 11340ish its also got a monthly r2 @ 11204. its rsi is currently 67 on the 4hr. 76 on the daily. i think it could push up to the 11340 with another dollar rally. but damn dollar index is already @ 85. hopefully it comes back tonight and i dont have to worry about where to average at. 
 
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Posted: #129

I think you averaged early...you could see the strength in the dollar index and after 82.5 held 85 was a given..i commented on this a few nights ago...but the more you trade the more this market will show you the rewards of being patient...

I wouldnt avg at 11240...if it pops higher 11240 will only be a step on the next leg up...if 1250 hold we go to 115 and maybe 117..

How many lots are you holding now?

 
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Posted: #130
10 lots 
 
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Posted: #131
i started with 5 lots on this 1. averaged 2 lots in @ i think it was 11090 area and then 3 lots at 11180 area. Im still good with margin even if it moves up a couple hundred pips from here. 
 
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Posted: #132
Thats some heavy lumber there starting with 5 lots..


 
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Posted: #133
its a mini account though so its only $5/pip 
 
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Posted: #134
7.5k in there and i could add more funds through credit cards processor if needed and it would be in there quickly about 30 minutes usually. 
 
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Posted: #135
I think ill be outta this chf pair sometime tonight or pre usm open. 
 
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Posted: #136
Thank god for the shit that went down today with big gains on EUR short!  Forex saved my ass today ha!  Got fuckin destroyed in sports
 
Covers Linesmen
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Posted: #137
137 is in the books..

What a nasty trade but it ended up making a few pips..


 
Captain
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Posted: #138
Now watch it run to 13850 Wall...but youre right,take the money and run
 
Captain
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Posted: #139

Here it comes Wall....what a fukn scam this is...2000 pips range in under 24hrs

13850 coming...can it retrace 100%.....

Out of a Cad shrt...just a scalp..i will be watching employment #s in the am...might be good for you Pap from whats everybody is saying..

Pap id think about starting with less lots but i guess $5 a pips is alot better than $10 a pip...but if youd been in a move like what Wall saw today...not good...but at the same time thats the reason i try to stick to dollar pairs usually dont see the extreme moves...2000 pips in 24hrs is the most ive ever seen...dont forget to figure in how much your lots cost toward your margin...how much are those mini lots llike $50 or what?

 
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Posted: #140
buck,

They almost hit it..

Backing off now, it is amazing how thin these markets are, I had nearly forgotten the crazy moves these pairs can have seriously.

Didnt our own Bobby call 1.2515 or something strange as the EU low?


 
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Posted: #141
Then they go drop the pair 150 pips in like 25 minutes..


 
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Posted: #142

Yeah my 27 came and went w/o a peep but it should offer descent support now although news can drop this pair again maybe that 119 isnt out of the question...the last leg down was sick...so many good trades out there today...but it wasnt a safe market thats for sure...watching fast money right now...tomorrow is gonna be fun to watch...

Im going to bed boys...ill be back early am Cad #s at 7 USD at 830

 
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Posted: #143
I am going to toss out a limit buy at 135.75 here for a 30 minute period..see if I can catch one and reverse for 100..

If I dont get a fill in 10-15 I will pull and wait until the morning.
 
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Posted: #144
Caught it..

Long at 135.75, sell order 136.75

Add will be starting at 100 and then going .5 every 50 below.

The LB.US is almost touching the lows from earlier today..

1.4711 was touched twice today..
 
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Posted: #145
https://www.youtube.com/watch?v=jzes12YwaTA
 
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Posted: #146
its $1 per lot per/pip  so im only starting with $5/pip but i see what ur saying. I was doing between 3 and 5 lots per trade. i felt safe doing $5 on the usd/chf becuase it had moved i think 300 pips already and the RSI was so high.  if i had to average on pair that moved 500 pips from the start i would be screwed with starting with 5 lots and didnt add more funds. 

what pair has moved 2000 pips in 24hrs ?? I havent looked at the charts other than eur/usd and usd/chf. 
 
Captain
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Posted: #147

Balls of steel my friend

Tear em up Wall,see you in a few hrs bro

 
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Posted: #148

Pap it was GBP/JPY 142 to 130 back to 138....since this morning....again though we normally dont see this extreme in USD pairs but anything can happen...

Im out for real this time night fellas

 

 
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Posted: #149
gbp/usd just broke its lows. im gonna watch the gbp/yen if it gets closer to 131 im gonna bite on it too. but with a lot smaller
 position. 
 
 
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Posted: #150
wow the lb is getting trashed right now 
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