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Taigen replied Dec 7, 2011Nice slide... — Yes, a nice slide down. Exceeded my daily 2%. Got a 5% which is nice every so often. Not sure what move to make yet but there might be a strong long forming--clueless really. Wait and see.
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Taigen replied Dec 6, 2011Wow, I missed it... — There will always be opportunities, but I still hate missing a good slide. I was planning on entering my positions starting at the 3420 area. Never made it--at least not this time. Oh well.
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Taigen replied Dec 5, 2011I never bother with news feeds. It will probably go back from where it went cookoo but it will take time. Or this may be the indicator of the 'big drop'. Who knows.
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Taigen replied Dec 5, 2011I really think you need to be positioned for these freak things to benefit anyone. I benefited to no skill of my own.
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Taigen replied Dec 5, 2011The only SL I use is a zero stop and a profit stop. Depending on your type of trade, I suppose there is a place for a stop loss but I quit doing them. My history demonstrated that was mostly where I lost only to see the market back in my direction.
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Taigen replied Dec 4, 2011It's called: babypips.com It's a great site that would answer a lot of questions posed here. Sometimes, I don't think this blog is the venue to learn basic concepts. Learning isn't easy but if your money is on the line, they need to know what they ...
EURUSD
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Taigen replied Dec 4, 2011got an idea... — I know many of you are impressed with yourselves by calling people newbies and muppets. I get it 'muppets' cute. Those with experience, try offering something with insight. Just because they usually won't get it the first time ...
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Taigen replied Dec 4, 2011What the hell is it to you? You seemed to get so off hinged by other's posts. You make such a big deal on how much it is not a big deal. Get it together man.
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Taigen replied Dec 4, 2011How many 200 pip gaps take place in the course of a year? Not too many. It's usually 15 - 40 pip gap. In this market, I don't do SL's. All they have done for me is to lose money. If I go out on a loss, it will be at the 50% retracement, not at the ...
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Taigen replied Dec 4, 2011I like to hold over for the gap because if goes my direction, I got a little coin, if it goes against me, it's usually (almost 100%) a good opportunity to reposition. There was one time I was sweating bullets because I was way over position but it ...
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Taigen replied Dec 2, 2011This is my spin. The central banks of nation states determine more or less where they want the values to be. They can't completely control it but they are definitely a big influence. The collusion of all these central banks last week are not going ...
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Taigen replied Dec 1, 2011In my view, the inevitable march to the sea will still take place causing the EU to go down to the twenties. However, yesterday was a coordinated orchestration by nation banks to provide a solution. It won't work but that does not mean they won't ...
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Taigen replied Dec 1, 2011Right on! I was talking to my son last night and asked the same question: How in the world do you teach these strategies? Sometimes when your stuck between a rock and a hard place it does take skill to get out relatively unscathed. Or when to bite ...
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Taigen replied Nov 30, 2011Got my daily 2% in. Going to take break. My End of month numbers show an 88% increase. My best thus far.
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Taigen replied Nov 30, 2011This, what you witnessed, is nothing more than 'legal' collusion between countries. If brokers did the same thing, it would be called 'price-fixing' and many would be in prison. They will keep doing this until the 'big collapse' of the monetary ...
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Taigen replied Nov 30, 2011Yea, got to be good to the wifey. After all, they are the ones that make your world go round--not the market. Mine has put up with me for 38 years. And I her. Unless the market is consistently irradic, I no longer use stops. I position small enough ...
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Taigen replied Nov 30, 2011"...blame the wife..." scenario. Good one. I was about to do the same thing and then it went cookoo. Hang in there. It may not come down with a vengeance but it will come down.
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Taigen replied Nov 30, 2011Now that we got this long business out of our system, we can continue our delightful journey down. Euro is still pure crap and the US economy is picking up so we should get back to where we were. Why Euro is still in the thirties is nothing but pure ...
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Taigen replied Nov 30, 2011This is way beyond the big boys. It's collusion with countries and the big boys. Everybody will have to catch their breath so it should retrace at least 50%. After that whether it shoots up or down is anybody's guess. The natural rhythm of the ...
EURUSD