Which would you of choosn....?

This is a discussion on Which would you of choosn....? within the General Trading Chat forums, part of the To Be Sorted category; In that picture of the EUR/USD the price had fallen, it kept nosing 13200 and bouncing off that area back ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Apr 25, 2012, 9:46am   #1
Veteran Member
 
Doomberg's Avatar
 
Member Since Mar 2011
Default Which would you of choosn....?

In that picture of the EUR/USD the price had fallen, it kept nosing 13200 and bouncing off that area back up to around 13210 and then bouncing down. So it may of not liked 13200 and surged up, or it may keep nosing 13200 and eventually break it and have a big surge down.

Would you of:

A) Closed and took profits
B) Closed short at 13200 and Longed
C) Stayed short and hoped for surge down
Attached Thumbnails
sandr.jpg  
Doomberg is offline   Reply With Quote
Old Apr 25, 2012, 10:02am   #2
Veteran Member
 
Doomberg's Avatar
 
Member Since Mar 2011
Default Re: Which would you of choosn....?

Doomberg started this thread And god knows how i managed to spell chosen that way
Doomberg is offline   Reply With Quote
Old Apr 25, 2012, 10:09am   #3
Guest
 
The Leopard's Avatar
 
Member Since Feb 2012
Default Re: Which would you of choosn....?

Need more context really, but if it breaks the low this type of situation is often very good for an accelerated drop.

And yes, choosn is one of the worst misspellings in human history.
The Leopard is offline   Reply With Quote
Old Apr 25, 2012, 12:23pm   #4
Senior Member
 
Enzzo's Avatar
 
Member Since Apr 2012
Default Re: Which would you of choosn....?

I Agree here....

Quote:
Originally Posted by The Leopard View Post
Need more context really....
If I would need to tell you an answer though I would probably bank here some part of the lot (in case you don't want to miss a potential aggressive break down of that consolidation), and enter again if it pulls back to that level around 3212 that could perfectly match with the descending trend line that looks like coming as per your picture....
Enzzo is offline   Reply With Quote
Old Apr 25, 2012, 12:27pm   #5
Legendary Member
 
the hare's Avatar
 
Member Since Apr 2006
Default Re: Which would you of choosn....?

depends if the coin landed heads or tails
the hare is offline   Reply With Quote
Old Apr 25, 2012, 1:05pm   #6
Legendary Member
 
tomorton's Avatar
 
Member Since Feb 2002
Default Re: Which would you of choosn....?

Closed whole position, and banked gain. Then placed short order a little way below 13200.

It would also be possible to place a buy order above the range 13200-13206, but the pattern suggests more likely a bear flag, with a dramatic downleg possible, I don't see any significant potential buying energy.

Anyway, I don't like to place opposing orders to bracket a range, since I am talented at getting them both triggered and both stopped.
tomorton is offline   Reply With Quote
Old Apr 25, 2012, 1:28pm   #7
Legendary Member
 
bbmac's Avatar
 
Member Since Jan 2003
Default Re: Which would you of choosn....?

impossible to say for sure as a. it wasn't us trading it and b. we know what happened next so suffer from confirmation biais , - so a retrospective answer is only limited in value.

G/L
__________________
I can stand the despair - it's the hope I can't manage (John Cleese - Clockwork.)
bbmac is offline   Reply With Quote
Old Apr 25, 2012, 1:57pm   #8
Guest
 
The Leopard's Avatar
 
Member Since Feb 2012
Default Re: Which would you of choosn....?

Quote:
Originally Posted by Doomberg View Post
And god knows how i managed to spell chosen that way
And in any case it should have been "have choosn" rather than "of choosn".

The fail is strong in this one.
The Leopard is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search