I'm stuck short the EURUSD! | Page 2 | Forex Factory

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I'm stuck short the EURUSD!

  • #21
  • Nov 27, 2006 4:22am Nov 27, 2006 4:22am
You should have placed a stop loss order.
News from eurozone are supposed to be EUR positive. Expecially germany. German Newspapers always leak some info before the officials come out.
The EURUSD, corrective daily legs have been 496 pips and 523 pips... If you can handle a push to 1.3200 (I'm expecting to get there) without margin call. Even though I wouldn't do it. You should grow your winnings not your losses.
I would do what Mr. Smith says. Wait for a daily top, go short and try to recover some of your losses.

Small piece of advice: ALWAYS PLACE A STOP LOSS, and check some tech indicators on 2 time frames for signal confirmation.

happy trading
May the pips be with you!
  • #22
  • Nov 27, 2006 4:38am Nov 27, 2006 4:38am
Quoting Mbalta
You should have placed a stop loss order.
News from eurozone are supposed to be EUR positive. Expecially germany. German Newspapers always leak some info before the officials come out.
The EURUSD, corrective daily legs have been 496 pips and 523 pips... If you can handle a push to 1.3200 (I'm expecting to get there) without margin call. Even though I wouldn't do it. You should grow your winnings not your losses.
I would do what Mr. Smith says. Wait for a daily top, go short and try to recover some of your losses.

Small piece of advice: ALWAYS PLACE A STOP LOSS, and check some tech indicators on 2 time frames for signal confirmation.

happy trading
Everyone has it's winning or loosing strategy ; )
. I think you should never put a stop loss, except maybe when you sleep. When you trade forex, it's always good to see the movement of the market in order to decide wether to cut a loss or enter a new position.

You should understand also where the market will go on the long term. The less tyou trade, the more profit you will get. Play with the swaps, play with diverse currency, but trade the fewer possible ( so you have less spread!!!!)

Take 100 pip per lot or 10 pip per lot, and you will understand how profitable it is.

I play only long term positions, you can see in my post a while ago what I did with usd/jpy, GBP/USD and other, and why it was only winning trades.


Happy trading anyway
  • #23
  • Jan 5, 2007 9:44pm Jan 5, 2007 9:44pm
Quoting pujolshomerun
I just woke up now and got surprised when I saw EUR/USD was 1.3090.

I opened a short position with 50000 lots before I went to bed because I thought it will go back to 1.2900. My unrealized profit is about -$800. Do I have to close it now or do I have to wait until next week?

It is so painful.
Just wondering if you are still holding this short?
  • #24
  • Last Post: Jan 5, 2007 10:16pm Jan 5, 2007 10:16pm
Just tough it out little buddy, the markets bound to come back.
How you act is more important than how you feel.
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