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EURUSD

  • #23,201
  • Aug 24, 2008 6:41pm Aug 24, 2008 6:41pm
Quoting spathi
this is real gambling.
Some people gambling in casino, some people gambling in horse race and some people gambling in forex. LOL
  • #23,202
  • Aug 24, 2008 6:42pm Aug 24, 2008 6:42pm
Quoting acumen
The trend is down.

But you keep buying.
  • #23,203
  • Aug 24, 2008 6:42pm Aug 24, 2008 6:42pm
Quoting spathi
this is real gambling.
This is a newbie.
  • #23,204
  • Aug 24, 2008 6:42pm Aug 24, 2008 6:42pm
Quoting c2v4l
Some people gambling in casino, some people gambling in horse race and some people gambling in forex. LOL
spot on.
  • #23,205
  • Aug 24, 2008 6:43pm Aug 24, 2008 6:43pm
am thinking.. if i want to save this position of mine.. maybe i should SL 200 pips from 1.4715.. this way i can withstand any up shocks
  • #23,206
  • Aug 24, 2008 6:45pm Aug 24, 2008 6:45pm
Quoting trading801
am thinking.. if i want to save this position of mine.. maybe i should SL 200 pips from 1.4715.. this way i can withstand any up shocks
u should stop loss when macd h1 crossed up. u cannot withstand the 100 + pips up unless u re micro accound.
  • #23,207
  • Aug 24, 2008 6:46pm Aug 24, 2008 6:46pm
Quoting trading801
am thinking.. if i want to save this position of mine.. maybe i should SL 200 pips from 1.4715.. this way i can withstand any up shocks
That is a pretty big drawdown and implies some poor risk management. I would heed the advice of the 4750 area. JMHO Better a small loss and the ability to re-evaluate....
  • #23,208
  • Aug 24, 2008 6:47pm Aug 24, 2008 6:47pm
Quoting trading801
ok

guess i am in deep shit den..

time to do what i do best pray to god of pips..

anyway i think market should push it lower.. the pipeline thru georgia.. has been restored .. so oils should go down.. and forcast for homesales is a tad better forecasted.. oh well
Take a 20 pip loss now and wait for re-entry. Looks like Asia is done buying $ for now - regroup and wait for the European session. Good luck.
  • #23,209
  • Aug 24, 2008 6:48pm Aug 24, 2008 6:48pm
Quoting Subdude
Looks like I called oil spot on.
So I guess this means you went short. Otherwise the object isn't just to be "right" but to get paid for being right.
  • #23,210
  • Aug 24, 2008 6:49pm Aug 24, 2008 6:49pm
perhaps you bros are right...

btw why 1.4750 any significant to this price?


p/s yes i am microed.. no $$ to standard LOL
  • #23,211
  • Aug 24, 2008 6:50pm Aug 24, 2008 6:50pm
Quoting Subdude
Take a 20 pip loss now and wait for re-entry. Looks like Asia is done buying $ for now - regroup and wait for the European session. Good luck.
bro .. london is closed.. is there still vol at that time?
  • #23,212
  • Aug 24, 2008 6:51pm Aug 24, 2008 6:51pm
Quoting acumen
The trend is down.

But you keep buying.
The long term trend is still up look at your charts forget minute charts trends dont change in a mater of week sometimes they go for years the general trend is stil up look at weekly tell me im wrong but things could change in the next year

Marc
Trade less make more!
  • #23,213
  • Aug 24, 2008 6:51pm Aug 24, 2008 6:51pm
Quoting trading801
perhaps you bros are right...

btw why 1.4750 any significant to this price?


p/s yes i am microed.. no $$ to standard LOL
its only my own rules. if i got any entry, i cut loss if my EU pips -40.
  • #23,214
  • Aug 24, 2008 6:51pm Aug 24, 2008 6:51pm
Quoting trading801
perhaps you bros are right...

btw why 1.4750 any significant to this price?


p/s yes i am microed.. no $$ to standard LOL
Japan never really decides a direction until after lunch. they close you know. GB has a holiday and no euro announcements. A test of 4700 could happen just as easily as 4750. One is plus 15 the other is -35, which sounds better?
  • #23,215
  • Aug 24, 2008 6:52pm Aug 24, 2008 6:52pm
Quoting trading801
bro .. london is closed.. is there still vol at that time?
London is but DAX and CAC aren't. Trust me, there will be much better shorting opportunities in A.M. GMT.
  • #23,216
  • Aug 24, 2008 6:53pm Aug 24, 2008 6:53pm
Quoting doughnut
The long term trend is still up look at your charts forget minute charts trends dont change in a mater of week sometimes they go for years the general trend is stil up look at weekly tell me im wrong but things could change in the next year

Marc
weekly trend is down. monthly trend going to down. fuhhh..
  • #23,217
  • Aug 24, 2008 6:53pm Aug 24, 2008 6:53pm
The yearly trend doesn't matter unless you are position trading over many years.
  • #23,218
  • Aug 24, 2008 6:54pm Aug 24, 2008 6:54pm
so it is in my best interest.. and sane piping methods.. to CUT loss now and wait ya?
  • #23,219
  • Aug 24, 2008 6:55pm Aug 24, 2008 6:55pm
Quoting trading801
so it is in my best interest.. and sane piping methods.. to CUT loss now and wait ya?
Yes. You took a very aggressive trade. What's your position size anyway, compared to account value?
  • #23,220
  • Aug 24, 2008 6:57pm Aug 24, 2008 6:57pm
Quoting trading801
so it is in my best interest.. and sane piping methods.. to CUT loss now and wait ya?
whats ur rules of reward : risk ratio ? +15:-35 ? = 1:2.2 ? risk higher than reward? ..don't.
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