Search results

1. The one loser I have so far is from price action (my application of it). I recall there was a breakout, and retreat. I had sold at the top after the break out, and wanted to double dip after a retreat of 18 pips. It bounced some 8 pips. I was think of retest of latest high, but it went down...

Something happened in AUD/USD. I had a small symbolic trade, and it moved from around 50 pips or so profits to 133 pips. Something must have moved it fast, which may explain the gyrations in EUR/USD. It seems to have happened at around 9:30PM. I was looking at the WRONG Pair!:mad:

It has calmed down somewhat. e/u now at 1.4530 area. I think I am going to go back as if I did not exit, and add to it if shoot against me, and place a stop about a couple of pips above the high. Decision on where to add will be deferred to later. Since we are 60 pips away from day's top, I...

Quick move here. e/u at 1.4611. I am taking profits to raise funds for stops and some profits. Stick it to the bulls! Update: I am out. This rise seems to be worrying. e/u at 1.4625.

e/u at 1.4626. I am thinking to scale in on short side, in front of this "ferocious" move up from 1.4568. I think I should use reduced reduced size. I have a feeling that this damn thing can explode to 1.4670 if 1.4626 area does not hold. If I held in this upmove, I would have made...

That was the bottom. I did not hold as I should. It is not the first time I do that. Does anyone has an idea on how to work on holding?

e/u at 1.4577/78. +10 pips. I am taking some profits to cover cost of stops and to get some net profits. What is left is a free+ trade. Update: slow moving. Closed.

e/u at 1.4567/68. Went long on reduced reduced size, with intent to add if it were to suddenly fall to 1.4545 area. I do not expect much from this (I would even say it might turn out to be a loss), and I am putting in just satisfy my finger which is itching for a trade. I sense that buyers may...

Net: +612pips Cumulative gains: 635pips. Cumulative losses: 23pips Number of trades:23 Number of trades with gain:22 Number of trades with loss: 1

e/u 1.4585. +10pips. Will not be able to follow it + earlier trend has been down, so I better take profits.

e/u at 1.4574/75. I thinking to re-entry on long side, reduced size.

out at 1.4591 +4pips. Failed in its progress.

Maybe I exited too early in previous trade. e/u at 1.4587. Re-entry on long side reduced size.

Net: +598pips Cumulative gains: 621pips. Cumulative losses: 23pips Number of trades:21 Number of trades with gain:20 Number of trades with loss: 1

e/u at 1.4590. +19pips. I am taking profits.

e/u at 1.4571. I am tempted to take a try on the long side, especially if it descends closer to 1.4560. Counter trend can be very difficult.

It was the top -1.5 pip.

There are a number of people here who seem to like something they call price action. I never really understood what they exactly mean by price action, but it seems to me that they may refer to price revisiting previous price levels where buyers(sellers) may reside. As an application to e/u...

e/u at 1.4662. Getting out here, and will decide later after I watch how it handles 1.4660 and below if any. Otherwise, will reassess if it revisits the 1.47ish area. +33pips.

e/u at 1.4679. I am thinking that I should get out, and wait until it clears 1.4670 (for the moment)..