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PipTrapper replied Sep 30, 2011Exactly. Patience. If you chase it, it will get away from you. Let it come to where you want it. You are the boss, not the price. If the price doesn't listen, screw it.
EurAnalysis
- PipTrapper replied Sep 30, 2011
Congrats PipPipPip
I reached 550 pips floating plus the 54pips I already took in profit I also just took profit on a USD/JPY long. Another 57 pips 4 trades total in 8 trading days. Feels good, doesn't it? Cheers and happy weekend 
EurAnalysis
- PipTrapper replied Sep 30, 2011
Patience guys, if it does not go there, don't trade. If you miss these few crumbs, remember the market bakes a new loaf every day.
Here's my tentative chart for next week with new sell zone. It may not be accurate. Depends on sentiment on Monday. ...EurAnalysis
- PipTrapper replied Sep 30, 2011
Probably best to wait till Europe closes at around 11:30am. Then give it 15 mins and after that wait till it has retraced back up enough to a resistance line or falling trend line, On price action confirmation, that would be a good place to take a ...
EurAnalysis
- PipTrapper replied Sep 30, 2011
I'm done for the day. I have two short position trades in place 1.3773 and 1.3604 Sell-off should start soon so probably won't get enough of a consolidation for re-entry and I'm not chancing a fake breakout. Happy weekend everybody .
14 Year Old Forex Trader's Lessons
- PipTrapper replied Sep 30, 2011
I'm done for the day. I have two short position trades in place 1.3773 and 1.3604 Sell-off should start soon so probably won't get enough of a consolidation for re-entry and I'm not chancing a fake breakout. Happy weekend everybody .
EurAnalysis
- PipTrapper replied Sep 30, 2011
Equities bidding up and Euro holding it's losses. Interesting. Still holding my shorts. UPDATE: Stopped out one of my shorts at +54pips Entry 1.3494 exit 1.3440 Will look for re-entry after consolidation. Remaining shorts 1.3773 and 1.3604 If ...
EurAnalysis
- PipTrapper replied Sep 30, 2011
Good point. Thanks. I will close my lower positions today and leave my long term ones. I'm running trails on my trades.
EurAnalysis
- PipTrapper replied Sep 30, 2011
From a technical perspective you are 100% correct. But today is one of those rare times where the fundies trump all the indies. So, unless we get some breaking news, I stand by my sentiment that it is a risk-off day. Mind you, I am nimble and I do ...
EurAnalysis
- PipTrapper replied Sep 30, 2011
On "Freaky Fridays", it is sometimes best that the markets open lower so that the bidding takes place in the morning and the selloff takes place after lunch. If they do bid up and the sell off does not break support, we will most probably gap down ...
EurAnalysis
- PipTrapper replied Sep 30, 2011
Hey Gopher, Freaky Friday or not, entry into the sell zone or not, today the fundies will trump all. They may bid up the equity markets today (month and quarter end) but besides bad econ data out of Europe and a whole plethora of other reasons which ...
EurAnalysis
- PipTrapper commented Sep 30, 2011
Draghi is not German and therefore he will probably not follow such a tight monetary policy. Personally, I do not know how one would control hyperinflation. I leave that up to the central bankers to decide. However I do know that a depression is far ...
'Helicopter Trichet' - will ECB start printing money?
- PipTrapper replied Sep 30, 2011
Price never went up that far. but I have 3 good positions built.
14 Year Old Forex Trader's Lessons
- PipTrapper replied Sep 30, 2011
My position trades so far. Periscope down. The order at 1.3716 is a sell limit order that never got triggered.. dammit!!! .
14 Year Old Forex Trader's Lessons
- PipTrapper replied Sep 30, 2011
Happy Pips — My position trades so far. Periscope down. The order at 1.3716 is a sell limit order that never got triggered.. dammit!!! .
EurAnalysis