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Mysticforex
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Everything posted by Mysticforex
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Ever see the movies " Super Size Me" or " Fast Food Nation ) ?
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I see that our fellow member is short already. http://www.traderslaboratory.com/forums/forex-trading-laboratory/13098-eurusd-master-live-trading-5.html
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Some good posts here. Please contribute. If anyone has something they are watching that falls into what we are talking about here, ie: selling/buying on bounces/dips. buying/selling @ support/resistance, feel free to post it. Today EUR/USD has caught my eye. 1 HR chart. Stoch overbought. Looks like price is bouncing off the 200 sma. OR... it could break through. If that is the case I am thinking the stoch will STAY overbought and we would not have entered. If the trade does open I see the next area of support ( recent ) @ 12650. We will have to see where it opens to determine S/L. If we do break to the upside we could see 12860.
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Yes. They have in effect pegged the chf to the euro. The euro weakness the past few days has had it's effect on the swissy.
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An engineer, doctor, and pastor golfing A pastor, a doctor and an engineer were waiting one morning for a particularly slow group of golfers. Engineer: What's with these guys? We must have been waiting for 15 minutes! Doctor: I don't know, but I've never seen such ineptitude! Pastor: Hey, here comes the greens keeper. Let's have a word with him. [dramatic pause] Hi George. Say, what's with that group ahead of us? They're rather slow, aren't they? George: Oh, yes, that's a group of blind fire fighters. They lost their sight saving our clubhouse from a fire last year, so we always let them play for free anytime. The group was silent for a moment. Pastor: That's so sad. I think I will say a special prayer for them tonight. Doctor: Good idea. And I'm going to contact my ophthalmologist buddy and see if there's anything he can do for them. Engineer: Why can't these guys play at night?
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Thru a mutual acquaintance Had a chance to have lunch with Boris a few years ago. Met Kathy a few times. I had a positive impression with both of them. I believe they offer a month's trial at BKT.
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GBP/CHF... price is now below 200 sma so the setup is void. I usually don't trade on Friday so I'll find something and post Mon, London.
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Will probably not open today. Keeping it on my watch list.
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What is Your Biggest Weakness As a Trader?
Mysticforex replied to Jack Francisco's topic in Beginners Forum
Gaining faith in my analysis and letting my profits run. When I entered a trade I would set my TP and S/L with a good R/R. But I always cutoff my winners and took profit early. This eventually hurt my R/R because I needed that profit to offset the inevitable losses. -
Ok. GBP/CHF has caught my eye today... I mentioned in another thread I would like to see G/C close above 15000, and buy on a retrace and shoot for 15100. I may have my chance. On the 1 hour chart below we have price above the 200 sma, trending up. The stoch is oversold, below 20. So on the stoch coming out of oversold, and a nice bullish candle I would like to buy this pair. TP @15090. If the most recent low remains intact we would have a pretty tight stop. 14970. We will have to wait and see if oppurtunity presents itself.
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My main technical reason for looking at A/U was the fact that it was overbought by 2 or 3 standard deviations, But that's technical and beyond the scope of this thread. Fundamentally the Chinese economy is slowing a bit, or, at least feared to be slowing. Oz is a major exporter to China. Also, Euro weakness against the Greenback usually translates into Aussie weakness against the $$$. Here is a chart and what I posted on AUD back on 4/10/12 http://www.traderslaboratory.com/forums/forex-trading-laboratory/11460-audusd-11.html
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Yes... @ BE. Very clear instructions were given. When 20 pips in profit, move S/L to BE.
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Bubba and Billy were driving down the road while drinking beer when they spotted a roadblock ahead. "We're gonna get busted," whimpered Billy. "Don't worry," said Bubba. "We'll just pull over and finish drinkin' these beers, then peel off the label and stick it on our foreheads and then toss the bottles under the seat. Just let me do the talking." They downed the beer, threw the empties out of sight and put the labels on their foreheads. When they reached the roadblock, the police officer asked, "You boys been drinking?" "No, sir," said Bubba, pointing at the labels. "Me and Billy are on the patch."
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Yes it did. I stand corrected. Maybe post all the details in 1 post?
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SL was hit @ 09:31 GMT.... 2 minutes after the time stamp on your posted exit with 3.3 pips. If you are going to post signals on a slow medium such as a forum, you do not have the luxury of jumping out of trades. When you set a TP you must stick to it. I ran a signal service a few years ago. We paid for a premium SMS service for our customers. Even with that speed, my customers would have been screaming if I pulled what you just did. You should have ground rules and state that if you decide to bail in the last minute... Oh Well.
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Well, they are one of the larger, ahh, bucket shops in the business. Because of the new transparency rules we have access to more info than in the past. They come in as having one of the highest win rates for retail traders. Does this mean that Oanda has the more knowledgeable retail forex trader? Who knows, I take everything with a grain of salt. PS: Your short E/U positions must be tasting pretty sweet about now. Still in?
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TP hit @9873........
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Rage Against The Machine ! ( Expletives Not Deleted )
Mysticforex replied to Mysticforex's topic in General Discussion
Hi Big Bux, Welcome to TL. Why not post something in the Intro section. Tell us a bit about yourself. Are you new to trading or an old hand ... etc -
Well laid out, easy to navigate. Nicely done. What about the confidentiality of your membership data?
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Introduce Yourself Here - Don't Be Shy!!
Mysticforex replied to trading4life's topic in Beginners Forum
Hi Lynn, Welcome to Traderslaboratory. It's great to have a new face, looking forward to your input. -
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