Good stuff Bud, Keep rockin it…
I’m going to use 15 pips to try and catch a top (flying knife).
SELL EUR/USD @ 1.3213, s/l @ 1.3228, t/p @ 1.3113.
I’ll amend the t/p if need be.
RESULT: s/l got hit = - 15 pips
that’s just crazy
You think?
My dear trader, every time you place a trade, you do just that, something potentially crazy (as you put it).
Hopefully, you assess your potential risk vs your potential reward and hey presto, you jump.
It’s called taking a trade. Just because it is potentially the top of a price move/trend does not make it any more or less risky.
i feel ya, but it’s like going in a fight blind folded, you allow no room for mistakes especially such tight stop losses
sure when you win, you’ll feel like a champ but if you lose…
anyway, im just wondering do you have any supporting evidence/theory to support your idea
sure prices have slowed down, but it’s normal for the market to sleep then wait for the next move
when the market is so volatile just now, i tend to wait for it to completely finishes its moves before planning the next trade
sure it could’ve topped out, but it could not have, if prices have stalled for hours at this price at 1.3215 area then i wont question your trade…but it’s still moving…
maybe im a bit more conservative and leans toward a confirm then act approach instead of rampaging against the bull heads up…
anyway, it’s just my opinion, i actually like aggressive traders/ppl
but there’s a difference between brave + ignorant/fool
not saying you are or what not
im not trying to have a flame war
or trying to offend you in anyway
just giving my own opinion, take what i offer with a grain of salt
anyway, good luck trading bro!
I appreciate your response. Consider this though…
If this trade does not come good, I’m out of pocket 15 pips, if it does come good, well, that’d be great.
Either way, the are those who can trade, those who cannot and those still finding their feet, just like there are those who can drive cars, those who cannot and those still learning the art or building confidence.
When all is said and done, it’s either you lose a trade or you win it, no in between.
And by the way, girls do trade too.
Cheers.
This extended move is called trapping sell traders by market operators. I was waiting for this move since 2nd of Jan. Now it’s happening. It’s good you were long.
Dear obaasima, just remember that ‘JustMy2Pips’ warned you against your aggressive trading style.
One day, I hope that day will never come, you will sit back disappointed and recall.
What does that mean?..are you a girl?
I in turn wish you the very best in your trading. Just remember that 60 pips profit minus 38 pips loss is 22 pips net profit.
Keeping 22 pips each trading day will make you a millionaire in no time. Its overall profit for me, thank you very much.
Does it matter?
I was just making a point that it’s easy to assume that every forum participant is male, especially in a heavily male-dominated industry as trading.
Just food for thought.
No it shouldn’t matter…just wondered why so sensitive to it…I suppose it was in response to the “Bro” reference…but now that you mention it, you must be or it wouldn’t have mattered that NewBTrader assumed it. Nice to have another female around…carry on 
I am sorry, this is not a trapping move, those are perhaps 30 pips. A 130 pip spike while ECB presented live. Nah, don’t think that is a trap to hunt stops… You may want it too bad that the $ will continue to rise again…
yeah, traps are perhaps like false breakouts, not only do they hunt the stops but also let traders think that it’s possibly a breakout
IMO, these kind of outrageous moves occur just before a major trend reversal, so well, I’ll be watching this space.
EUR/USD is most probably on its way down big-time!
um…you are waiting for a top to sell, btw you know oscillators help you find “tops” & “bottoms” that you always trying to seek
i wait for retracements to bottom out to buy in a bull trend
to be honest, we shouldn’t try to find the tops and bottoms instead, we should be happy to ride the trend half way in if there’s any to begin with
pinpointing tops and bottoms are the hardest part in trading, mainly because you never know if it really is a top or bottom until sometime in the future and you look back at it
pros dont try to pinpoint them, instead they rather enter after the top or bottom has formed, they dont care if they only ride a portion of a trend, they only care if a trade is a good or bad trade
Good to know. Thanks for the info.
Laggin oscillators The only thing they are good for is divergence sometimes.
so, we think we seen the top for EU?
Im short till further notice.
i think ur shorting too early, i think there’s chance of break thru
Im a scalper, so when I say that Im shorting, Means Im ONLY shorting or looking for shorts exclusively.