Big Boys DID IT AGAIN | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Brokers for the big boys 0 replies

chase the big boys - journal 36 replies

College student learning to run with the Big Boys 42 replies

Poll: Is retail Forex just a setup by the big boys to take our money? 36 replies

Commitments of Traders: What are the Big Boys Up To? 4 replies

Attachments: Big Boys DID IT AGAIN
Exit Attachments

Big Boys DID IT AGAIN

  • #61
  • Nov 26, 2006 3:54pm Nov 26, 2006 3:54pm
Quoting PipSteve
I can't believe the brokers open so late. There is so much movement we could get a part of. And I could jumped out out my trade. @#$%^& !!!
One word: Oanda.
Mr. Trend
  • #62
  • Nov 26, 2006 3:54pm Nov 26, 2006 3:54pm
Trend absoulutely correct and this seems to be the root of the problem for most traders - ie personal belief vs market reality...
  • #63
  • Nov 26, 2006 3:55pm Nov 26, 2006 3:55pm
Quoting Ghostpipper
lol yer position is not looking so hot already bro not laughing at u believe me im not.....
I know it's not. But, I think it's alright to lose a little bit. At least, I try...
"Even the word impossible says that I M possible"
  • #64
  • Nov 26, 2006 3:56pm Nov 26, 2006 3:56pm
Quoting Mr Trend
I know... I agree, there should be a retracement, but all I'm saying is, don't get so wrapped up in trying to predict, that you start shorting right now. Wait and see, because you don't really know what's going to happen.

That's all I'm saying.
I agree with not trying to predict a retrace. If you have a high probability system and you get a short, I will certainly be taking it.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #65
  • Nov 26, 2006 3:57pm Nov 26, 2006 3:57pm
Quoting Ghostpipper
soon as my broker opens god i hope its in 15 minutes im getting out of my position for hopefully just a $4500 loss................. and getting in long
STOP LOSS!!!

why not use it? I made this mistake several times in the last 5 years, and believe me it cost me more that 4500.... and even more than 45000... NEVER!!! NEVER without a stop.

  • #66
  • Nov 26, 2006 3:58pm Nov 26, 2006 3:58pm
Quoting Rezo
STOP LOSS!!!

why not use it? I made this mistake several times in the last 5 years, and believe me it cost me more that 4500.... and even more than 45000... NEVER!!! NEVER without a stop.

ouch
Ghost Swoopen in for my pips while no one is lookin !!
  • #67
  • Nov 26, 2006 4:00pm Nov 26, 2006 4:00pm
It really is sad all the people in this thread (minus one) are all wrapped up about what this is going to do next, where the euro will be, what about this, blah, blah, blah. It's apparent just how clueless people are. What makes someone a good trader is not only knowing that they are clueless, but not giving a damn just how clueless they are.

When I read this thread I smell pure adrenaline. People getting all excited and frustrated at the same time as to what the market is doing. The sooner you realize trading is not exciting, the better off your bank account will be.
  • #68
  • Nov 26, 2006 4:01pm Nov 26, 2006 4:01pm
Quoting Orion602
i gues some brokers will not guarant stops for something like this
Even those who guarantee filling the stop loss, they guarantee when market is open. Now, when market simply opened higher, they may claim filling on the "first market price".

It happened to me even with "guaranteing" brokers for big volume trades... without success.
  • #69
  • Nov 26, 2006 4:02pm Nov 26, 2006 4:02pm
Quoting Ghostpipper
ouch
BTW, it was also on GBP... have to love it!
  • #70
  • Nov 26, 2006 4:03pm Nov 26, 2006 4:03pm
nice opening gap... lol
  • #71
  • Nov 26, 2006 4:05pm Nov 26, 2006 4:05pm
Quoting twinchell
It really is sad all the people in this thread (minus one) are all wrapped up about what this is going to do next, where the euro will be, what about this, blah, blah, blah. It's apparent just how clueless people are. What makes someone a good trader is not only knowing that they are clueless, but not giving a damn just how clueless they are.

When I read this thread I smell pure adrenaline. People getting all excited and frustrated at the same time as to what the market is doing. The sooner you realize trading is not exciting, the better off your bank account will be.
agreed, and signed...
  • #72
  • Nov 26, 2006 4:07pm Nov 26, 2006 4:07pm
Don't worry ghost, things might turn around for you soon
Attached Image
  • #73
  • Nov 26, 2006 4:08pm Nov 26, 2006 4:08pm
FROM THE SQUAWK BOX OF FXCM
GBP/USD looking poised to test 1.9550
The surge higher in the GBP/USD this morning has taken out
resistance at 1.9415 and the next level of major resistance is found at 1.9550.
This is the high hit in December 2004, which was the highest level of the
GBP/USD since September 1992. A clear break above 1.9550 targets the high
reached in September 1992 at 2.0100.
There have been a number of analysts quoted in the UK press on the weekend
calling for a move to 2.0000 in this move with a few saying that it could happen
as early as this week. The GBP/USD trades 1.9461/66.
  • #74
  • Nov 26, 2006 4:10pm Nov 26, 2006 4:10pm
Quoting twinchell
It really is sad all the people in this thread (minus one) are all wrapped up about what this is going to do next, where the euro will be, what about this, blah, blah, blah. It's apparent just how clueless people are. What makes someone a good trader is not only knowing that they are clueless, but not giving a damn just how clueless they are.

When I read this thread I smell pure adrenaline. People getting all excited and frustrated at the same time as to what the market is doing. The sooner you realize trading is not exciting, the better off your bank account will be.
EXACTLY... how refreshing this post is...

In my case, it's not that I'm trying to be all holier than thou or I think I am Mr. Market Wizard. To think like that would be the hallmark of an amaetuer.

More than anything, I want people to get what I finally got a LOOOONG time ago... remember what Dr. Elder says... take a look at my sig... that's the heart of it all...

6 months ago, I would've been all excited like a lot of people and would've went long right now on GBP for max leverage, to only find out later that I lost big... or that I couldn't take the emotional swings to handle that many lots...

It's a learning process... I just wish people would listen... because some of us have been there...

Like my mentor says -- everyone must find their way... you can try to lead them, but they have to decide for theirselves...
Mr. Trend
  • #75
  • Nov 26, 2006 4:11pm Nov 26, 2006 4:11pm
sounds right...
  • #76
  • Nov 26, 2006 4:16pm Nov 26, 2006 4:16pm
Quoting twinchell
It really is sad all the people in this thread (minus one) are all wrapped up about what this is going to do next, where the euro will be, what about this, blah, blah, blah. It's apparent just how clueless people are. What makes someone a good trader is not only knowing that they are clueless, but not giving a damn just how clueless they are.

When I read this thread I smell pure adrenaline. People getting all excited and frustrated at the same time as to what the market is doing. The sooner you realize trading is not exciting, the better off your bank account will be.
Well said!
  • #77
  • Nov 26, 2006 4:16pm Nov 26, 2006 4:16pm
Quoting Mr Trend
EXACTLY... how refreshing this post is...

In my case, it's not that I'm trying to be all holier than thou or I think I am Mr. Market Wizard. To think like that would be the hallmark of an amaetuer.

More than anything, I want people to get what I finally got a LOOOONG time ago... remember what Dr. Elder says... take a look at my sig... that's the heart of it all...

6 months ago, I would've been all excited like a lot of people and would've went long right now on GBP for max leverage, to only find out later that I lost big... or that I couldn't take the emotional swings to handle that many lots...

It's a learning process... I just wish people would listen... because some of us have been there...

Like my mentor says -- everyone must find their way... you can try to lead them, but they have to decide for theirselves...
Thank you for reminding me, Mr. Trend.
"Even the word impossible says that I M possible"
  • #78
  • Nov 26, 2006 4:22pm Nov 26, 2006 4:22pm
Quoting Mr Trend
It's a learning process... I just wish people would listen... because some of us have been there...
I truely think that nothing I can say in this forum will change what anyone will do. I can try to make people understand this, but I really think the only way people learn is from the mistakes they make. Ive been through the "trading is an adrenaline rush" phase and I came out unscathed. I was fortunate; not everyone is. If you're all excited about the gap over the weekend, you are most likely at Step 1 or Step 2 as outlined in http://www.forexfactory.com/forexfor...ead.php?t=3156. And if you think Im trying to sound better than everyone else (as Mr Trend was saying), I can't help you.
  • #79
  • Nov 26, 2006 4:22pm Nov 26, 2006 4:22pm
maybe that was the retracement lol 50 pips for 400 pip movement
Ghost Swoopen in for my pips while no one is lookin !!
  • #80
  • Nov 26, 2006 4:23pm Nov 26, 2006 4:23pm
Quoting Ghostpipper
umm ya was hoping for some sort of retracement, and we ve got none on the stinken GBP this entire week since its breakout its insane. I know im stupid for not having a stoploss it was at the top of the channel and i was only going for a few pips that night i cant believe what this has turned into
I managed to lose just like you ghost.....i sold at 1.9164, thinking higher highs and higher lows.....i thought wrong, now my ass hurts....i lost $800. sorry to hear this about you. Never seen movement like this on sunday, i got out at 1.9400..... i am going to take long dump.....and smack myself!!!
1 trader viewing now