|
|
 |
|
02-02-2006, 03:43 AM
|
|
100 Post Club
|
|
Join Date: Jan 2006
Posts: 691
|
|
|
ONLY FOR PEOPLE IN LIVE TRADES-Jacko's Pleasure and Pain conversations
THE ONLY MANDATORY PROVISO OF THIS THREAD IS THAT YOU MUST HAVE A LIVE TRADE IN PLACE !!!
In this new thread we can just chatter about what we have done, how we are feeling and what we are thinking about doing next. However to be eligible to participate you MUST post your entry point. All other price points are optional but your entry point for your current live trade must be included.
To get the ball rolling, it is 9.30am GMT Thursday 2 feb and I am long EURO 600k at 1.2050
My rationale is this market is a "long" now to 2100 (50% retrace of 2165-2035). Also 2100 is a "target" number (professionals love to target round numbers).
It may be a rocky road there but this market will see 2100 again before it see 2035.
Looking forward to a great thread !!
Last edited by jacko; 02-02-2006 at 03:51 AM..
|
02-02-2006, 03:51 AM
|
|
100 Post Club
|
|
Join Date: Jan 2006
Posts: 3,287
|
|
|
Hey Jacko,
Finally the threads in place. Hopefully we can get some team work going on this thread and should be a great thread.
My first post
SHORT 1.2070 S/L 1.2125 T/P: Open (1.2006 and below)
__________________
BeginnerTrader
Disclaimer: All views expressed are derived from the author's analysis. Trade at your own risk.
|
02-02-2006, 04:12 AM
|
|
Member
|
|
Join Date: Dec 2005
Posts: 7
|
|
|
Hi guys, wont be here long today, anyway, the upside should be locked over the next few hours so really I expect a little consolidation. The downside looks good until 1982 where I expect major support without a significant break through. I am just playing a little short from here with a further at 2074, stops at 2085 and 2106 respectively.
Good luck all
|
02-02-2006, 04:52 AM
|
 |
100 Post Club
|
|
Join Date: May 2005
Posts: 97
|
|
|
Hey look, a drop in centre for agitated and excited position holders. Will you be serving drinks?
Holding Longs from 2055 and 2065. If we can punch through 2080 then 2100 and perhaps 2130 is achievable.
GLGT ........merry
|
02-02-2006, 05:26 AM
|
|
100 Post Club
|
|
Join Date: Jan 2006
Posts: 691
|
|
|
Ouch... market just droppedback to 2060 from 2075...do I load up some more or just get out with 10 pips??
Nah might hang in there
|
02-02-2006, 05:34 AM
|
|
100 Post Club
|
|
Join Date: Jan 2006
Posts: 3,287
|
|
its risky you shouldnt really be going long at this moment. you're betting against a high momentum train untill further notice.
Only hawkish comments by ECB can save your long. With downside employment data and other economic data recently, low inflation increases you're really hoping for a low probability bet in my perspective.
Good Luck
Quote:
|
Originally Posted by jacko
Ouch... market just droppedback to 2060 from 2075...do I load up some more or just get out with 10 pips??
Nah might hang in there
|
__________________
BeginnerTrader
Disclaimer: All views expressed are derived from the author's analysis. Trade at your own risk.
|
02-02-2006, 05:36 AM
|
|
Registered User
|
|
Join Date: Feb 2006
Posts: 3
|
|
My first post; think this will be a good forum.
Thought market going up before ECB statement, grab a few pips.
Long at 1.2071 (Time 0612). SL at 1.2051. Interested in your thoughts?
|
02-02-2006, 05:42 AM
|
|
100 Post Club
|
|
Join Date: Jan 2006
Posts: 691
|
|
Merry,
We only serve very large doses of hard liquor and all the waitresses (and waiters for those who like other boys...not that there is anything wrong with that (Jerry Seinfeld)) wear very skimpy clothing...  |
02-02-2006, 05:44 AM
|
|
100 Post Club
|
|
Join Date: Jan 2006
Posts: 3,287
|
|
lol jacko you're a business man and a comedian.
Quote:
|
Originally Posted by jacko
Merry,
We only serve very large doses of hard liquor and all the waitresses (and waiters for those who like other boys...not that there is anything wrong with that (Jerry Seinfeld)) wear very skimpy clothing... |
__________________
BeginnerTrader
Disclaimer: All views expressed are derived from the author's analysis. Trade at your own risk.
|
02-02-2006, 05:48 AM
|
|
100 Post Club
|
|
Join Date: Jan 2006
Posts: 691
|
|
|
Mikey
2071 is getting a bit too close to the target of 2100. The potential return was too low for the risk
Prefer to wait for a possible pullback to a lower level....like now....currently 2056
|
02-02-2006, 05:52 AM
|
|
Registered User
|
|
Join Date: Feb 2006
Posts: 3
|
|
|
Jacko,
Thanks for feedback. I am trading very conservative at moment. Started trading, spent 3 months research, demo accounts etc. Then made few losses, had good break and now I am waiting too late to enter trades. Need constructive critiscim to get trades happening again and $$$ in bank!!
Think hard liquor could help - !!
|
02-02-2006, 05:58 AM
|
|
100 Post Club
|
|
Join Date: Dec 2005
Posts: 2,271
|
|
|
Morning !
Count me in,I just have to wake up, still dizzy. One of my eye was always open until I was sleeping.
I still short AVG short 1.2150 sl @. 1.2135
Happy trading!!
|
02-02-2006, 06:10 AM
|
|
100 Post Club
|
|
Join Date: Jan 2006
Posts: 691
|
|
|
Mikey
Just a tip...whenever you are looking to get into the market, rather than panic that you have missed out and jump in quickly, just draw a connecting line along the bottom of the previous lows. I have found from a lot of my futures trading that the market always comes back to support line MANY more times than you expect. (If you look at the Euro 5 min chart you will see lows at 2034 and 2043. If you connect them you will see the support line is currently showing support at 2055). The point of what I am trying to say is that I couldn't see why you bought at 2071
The main point I am trying to say is don't get panicky...it is surprising how many fluctuations these markets have. I think thats why this market has such a high attrition rate. When the market goes against people they near sh*t themselves and panic and then get out at the wrong time and, when it is going in their favour they forget that this market retraces quickly and in large amounts and so they stay in there and their profits disappear. (Look at my current trade...one hour ago I was $1200 richer than I am now...mind you the trade is still positive...but looking a bit anemic)
PLUS the brokers are in there feeding of your trades ripping out comissions/spreads
|
02-02-2006, 06:15 AM
|
|
100 Post Club
|
|
Join Date: Jan 2006
Posts: 691
|
|
|
Moving stop loss to 2050 just in case i am ..OMG..."w.w.w.w.wrong".
Never let a profit go into a loss
Last edited by jacko; 02-02-2006 at 06:16 AM..
Reason: adding info
|
02-02-2006, 06:26 AM
|
|
100 Post Club
|
|
Join Date: Jan 2006
Posts: 691
|
|
|
Beginner
If you are short at 2070 then I just "donated" about $1200 to you b*astards. You can buy the next set of drinks for everyone here.
Call one of those skimpy dressed girls over here and buy us a drink!!
Please note that you are now giving me a little of that money back...price just keeps bouncing off that rising support line
|
|
|
| Thread Tools |
|
|
| Rate This Thread |
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is On
|
|
|
|
