Help me Please, i have a problem with Eur/Cad | Forex Factory

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Help me Please, i have a problem with Eur/Cad

  • #1
  • First Post: Dec 2, 2008 11:34am Dec 2, 2008 11:34am
Eur/Cad, i sell and buy with a -460 pips diferents, and i can't return this negativ losts, pleas help me. i am in critical position.
Attached Image (click to enlarge)
Click to Enlarge Name: EurCad .jpg Size: 215 KB
  • #2
  • Dec 2, 2008 11:43am Dec 2, 2008 11:43am
Ok...Ill probably offer you a best help here......
send me your login for your broker, and ill close trades for you!

.....sorry, but you need to accept your wrong, and move on
to another trade.

....read this http://www.forexfactory.com/showthread.php?t=129717
forexflash
  • #3
  • Dec 2, 2008 11:59am Dec 2, 2008 11:59am
There is one way you can hedge your position - you could load up on options countering your current position. But you really need to know what your doing. I don't trade options, so I can't help.

Your best bet is to follow the advice of the previous poster and close your position.
  • #4
  • Dec 2, 2008 12:16pm Dec 2, 2008 12:16pm
sorry, i can't give to you, my user name and password, because this is a real acount, minilots.
i don't now
  • #5
  • Dec 2, 2008 12:20pm Dec 2, 2008 12:20pm
Quoting FOREXflash
Ok...Ill probably offer you a best help here......
send me your login for your broker, and ill close trades for you!

.....sorry, but you need to accept your wrong, and move on
to another trade.

....read this http://www.forexfactory.com/showthread.php?t=129717

sorry, i can't give to you, my user name and password, because this is a real acount, minilots.
i don't now
  • #6
  • Dec 2, 2008 12:22pm Dec 2, 2008 12:22pm
Can I ask if you have resolved the situation,if not let me know.
Thanks.
  • #7
  • Dec 2, 2008 12:26pm Dec 2, 2008 12:26pm
Quoting bolytinus
Can I ask if you have resolved the situation,if not let me know.
Thanks.

no.. i don't resolved, i can't, for me is to hard, if you can, help me please
  • #8
  • Dec 2, 2008 12:29pm Dec 2, 2008 12:29pm
This is gonna be good

I say the OP lets it go till a margin call and listens to no ones advice. Any takers?
In trading, there is no bullshit. You either make money or you don't.
  • #9
  • Dec 2, 2008 12:55pm Dec 2, 2008 12:55pm
Can you close it?
  • #10
  • Dec 2, 2008 12:58pm Dec 2, 2008 12:58pm
Ask yourself a question. Why did you enter the original position in the first place and what would you do if you had to open EUR/CAD right now. Would you go short or long? Whatever you do, do not panic. Let this serve as a lesson for the future, we've all been there at one point.

Also, when you think about hedging (like you did with the opposite position) you can look at http://www.mataf.net/en/forex/eurcad at correlations and choose to go the opposite way with the most correlated pair, but this is a little more advanced so you need to be comfortable with it.
I personally often hedge EUR/JPY positions with GBP/JPY (and vice versa).

In your case, you started thinking about hedging too late and this is what you ended up with. Choose one of the positions you have now that you think is absolutely wrong and start looking for the best exit and keep the other position open but keep a close eye on it so it does not ran away from you again.

This is just a quick advise, but ALWAYS use your own judgment.
  • #11
  • Dec 2, 2008 12:58pm Dec 2, 2008 12:58pm
Quoting bolytinus
Can you close it?
no, i can't, if i closed, i lost my account
  • #12
  • Dec 2, 2008 1:01pm Dec 2, 2008 1:01pm
Quoting fiberangel
Ask yourself a question. Why did you enter the original position in the first place and what would you do if you had to open EUR/CAD right now. Would you go short or long? Whatever you do, do not panic. Let this serve as a lesson for the future, we've all been there at one point.

Also, when you think about hedging (like you did with the opposite position) you can look at http://www.mataf.net/en/forex/eurcad at correlations and choose to go the opposite way with the most correlated pair, but this is a little more advanced so you need...

Thank you,
  • #13
  • Dec 2, 2008 1:03pm Dec 2, 2008 1:03pm
lol

there seems to be one of these 'oh no i'm deep in the red, i can't close it' thread every couple of months.

Great circle of life...
  • #14
  • Dec 2, 2008 1:06pm Dec 2, 2008 1:06pm
Quoting flame_angel
no, i can't, if i closed, i lost my account

Sorry to break this to you - it is already lost then. You've got a buy and a sell of equal value in the same instrument ie., you are flat/have no position. All you have are two meaningless horizontal lines on your chart. Commiserations, you just blew an account. On the other hand, congratulations - you just learned an important lesson.
  • #15
  • Dec 2, 2008 3:49pm Dec 2, 2008 3:49pm
Quoting hilmy83
lol

there seems to be one of these 'oh no i'm deep in the red, i can't close it' thread every couple of months.
I think you mean every week...

Remember this knucklehead?

http://www.forexfactory.com/showthread.php?t=119717

He didn't listen to anyone's advice to close it, got lucky, but by his last posting it appears he lost it all again.

http://www.forexfactory.com/showpost...57&postcount=4
  • #16
  • Dec 2, 2008 4:09pm Dec 2, 2008 4:09pm
People need to seriously stop looking at their balance and start looking at just their equity.
  • #17
  • Dec 3, 2008 11:31am Dec 3, 2008 11:31am
Quoting flame_angel
Thank you,
So how did it work out for you? Still holding both of them?
  • #18
  • Dec 3, 2008 11:48am Dec 3, 2008 11:48am
Hint: If you are stuck in a hole. Stop digging deeper!
  • #19
  • Dec 3, 2008 12:18pm Dec 3, 2008 12:18pm
Quoting fiberangel
So how did it work out for you? Still holding both of them?
Hi, i am tirred to waiting, and i closed my buy lots, and waiting for down trand, , and the market unfortunutly for me, i don't k'now, just waiting my closed account, or a miracol.
Attached Image (click to enlarge)
Click to Enlarge Name: Eur Cad.jpg Size: 189 KB
  • #20
  • Dec 3, 2008 12:31pm Dec 3, 2008 12:31pm
Dude close that position.
What would you prefer?
2000$ or 0$?
You choose.
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