Attachments: EURUSD

EURUSD

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#1,126,081
Aug 3, 2017 7:54am Aug 3, 2017 7:54am

bbk1
| Joined Aug 2014 | Status: Trader | 151 Posts

Quoting Neveroff

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{quote} Stubbornness is the enemy. This is how the greatest have failed.

Ignored

It has nothing with stubbornness. I had my shorts from 1.1360, I am not just going to give them my money without a fight. I am doing ok so far because I am hedging and taking profits as I close some of the hedge orders in profits as it goes up. It's true I am losing in the short run but in the long run they have to come down: remember what goes up must come down; It's just a matter of patience

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#1,126,082
Aug 3, 2017 7:58am Aug 3, 2017 7:58am

cink
| Joined Dec 2007 | Status: Trader | 21 Posts

Quoting bbk1

Disliked

{quote} It has nothing with stubbornness. I had my shorts from 1.1360, I am not just going to give them my money without a fight. I am doing ok so far because I am hedging and taking profits as I close some of the hedge orders in profits as it goes up. It's true I am losing in the short run but in the long run they have to come down: remember what goes up must come down; It's just a matter of patience

Ignored

and what if it go back to 1.6 ? Not unimaginable...

#1,126,083
Aug 3, 2017 8:01am Aug 3, 2017 8:01am

hilmy83
Joined Jun 2006 | Status: Trader | 5,709 Posts

Quoting bbk1

Disliked

{quote} It has nothing with stubbornness. I had my shorts from 1.1360, I am not just going to give them my money without a fight. I am doing ok so far because I am hedging and taking profits as I close some of the hedge orders in profits as it goes up. It's true I am losing in the short run but in the long run they have to come down: remember what goes up must go down; It's just a matter of patience

Ignored

open up your monthly eurusd chart and go to aug 2008. i can guarantee you what you just wrote here is what those long traders wrote back then when the market was crashing down. You are wiling to sacrifice further losses AND opportunity costs? for waht? when you were losing intially you couldn't just take the loss, even if its big loss and just trade then to recover. you'd probably be in the same spot now but with your account not tied up. just giving you something to think about since i've been there. oh well, GOOD LUCK BUDDY!

#1,126,084
Aug 3, 2017 8:03am Aug 3, 2017 8:03am

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

strong two bar reversal with supply coming in BULLs beware

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Blogging daily now at www.volume.zone

#1,126,085
Aug 3, 2017 8:05am Aug 3, 2017 8:05am

aarash
| Joined Sep 2009 | Status: Trader | 498 Posts

Quoting malcolmb14

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strong two bar reversal with supply coming in BULLs beware {image}

Ignored

Yes that's what I need...

#1,126,086
Aug 3, 2017 8:07am Aug 3, 2017 8:07am

skillz16
Joined Mar 2015 | Status: Trader | 1,445 Posts

Quoting Emm2

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this is a highlly manipulated market . all the USD PAIRS are gaining momentum today but this pair is holding .... such fucking bullshitttttttttttt

Ignored

Well, if you are looking at GBPUSD, that one is falling NOT on USD strength, but GBP weakness because they got really soft and dovish here recently.. In my opinion, it is early in the cycle of the dollar recovering and the others are just going down due to their own weak results... but I can easily be wrong because I do not watch as many of the others outside of EURUSD and maybe GBPUSD.

#1,126,087
Aug 3, 2017 8:15am Aug 3, 2017 8:15am

effix02
| Joined Jun 2017 | Status: Trader | 176 Posts

Quoting hilmy83

Disliked

{quote} open up your monthly eurusd chart and go to aug 2008. i can guarantee you what you just wrote here is what those long traders wrote back then when the market was crashing down. You are wiling to sacrifice further losses AND opportunity costs? for waht? when you were losing intially you couldn't just take the loss, even if its big loss and just trade then to recover. you'd probably be in the same spot now but with your account not tied up. just giving you something to think about since i've been there. oh well, GOOD LUCK BUDDY!

Ignored

I'm fully with you hilmy on this one. I was in the same situation once bbk1. Sitting on huge losses in the expectation it must reverse. I was annihilated in the end. But if you can keep it open another 1000 pips or so....so be it.

#1,126,088
Aug 3, 2017 8:19am Aug 3, 2017 8:19am

denisius
Joined May 2017 | Status: Trader | 2,047 Posts

Quoting bbk1

Disliked

{quote} It has nothing with stubbornness. I had my shorts from 1.1360, I am not just going to give them my money without a fight. I am doing ok so far because I am hedging and taking profits as I close some of the hedge orders in profits as it goes up. It's true I am losing in the short run but in the long run they have to come down: remember what goes up must come down; It's just a matter of patience

Ignored

I personaly tried all styles of trading, from holding month after months to scalping. Until I found something that works for me. My SL was up to 80 pip and I was ok with it, but my losses( including time) were almost always bigger than profit. Until I saw how Ill be Back trade, his SL almost never more then few pips. It took me few months with help of others to figure how it works. Now I am testing it, I cut my SL exposure to 10-12 pip. Profit always double. It works great and make me sleep better. So the moral of all this is; if it works for you don't listen to anyone. But make sure you don't lie to yourself, it will take you straight to bankruptcy! Good luck!

#1,126,089
Aug 3, 2017 8:24am Aug 3, 2017 8:24am

izery
| Joined Aug 2017 | Status: Trader | 1 Post

Still holding short post.. waiting for miraculous reversal..

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#1,126,090
Aug 3, 2017 8:33am Aug 3, 2017 8:33am

Tsar
Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts

Quoting hilmy83

Disliked

{quote} open up your monthly eurusd chart and go to aug 2008. i can guarantee you what you just wrote here is what those long traders wrote back then when the market was crashing down. You are wiling to sacrifice further losses AND opportunity costs? for waht? when you were losing intially you couldn't just take the loss, even if its big loss and just trade then to recover. you'd probably be in the same spot now but with your account not tied up. just giving you something to think about since i've been there. oh well, GOOD LUCK BUDDY!

Ignored

At the Last I say : Hudge System is a Trader who doesn't recognize Defeat & Trade mistakes