Help me Please, i have a problem with Eur/Cad | Page 2 | Forex Factory

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

  • #21
  • Dec 3, 2008 12:32pm Dec 3, 2008 12:32pm
Why would your account be closed? Take some advice and close that other trade out and take a few days out to reflect how this happened and how you are going to prevent it happening again.
  • #22
  • Dec 3, 2008 12:35pm Dec 3, 2008 12:35pm
If you start with 10k and lose 5k you have to double that just to get to breakeven. You are at a point where you need a +400% increase to get back to your initial deposit. At the end you are left with 100$s after a margin call.
Good luck increasing that by 10.000% just to get to break even.
  • #23
  • Dec 3, 2008 12:44pm Dec 3, 2008 12:44pm
Quoting willf
Why would your account be closed? Take some advice and close that other trade out and take a few days out to reflect how this happened and how you are going to prevent it happening again.

this is a good lessont for me, for my futures trading, for the lessont people pay the money, if hi don't wont learning from others.
  • #24
  • Dec 3, 2008 12:45pm Dec 3, 2008 12:45pm
I don't see EURCAD coming back to your price anytime soon. This is a daily chart and it looks like it will test the 1.600 area. If it breaks through that it's headed to 1.6200 with very little resistance in it's way.

Just my 2 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad.gif Size: 15 KB
  • #25
  • Dec 3, 2008 12:50pm Dec 3, 2008 12:50pm
Yes nice higher low there.
Your money is gone.
  • #26
  • Dec 3, 2008 1:02pm Dec 3, 2008 1:02pm
Quoting willf
I don't see EURCAD coming back to your price anytime soon. This is a daily chart and it looks like it will test the 1.600 area. If it breaks through that it's headed to 1.6200 with very little resistance in it's way.

Just my 2 pips

Thank you verry much, i saw, and i can to headging my lost to 1.6200 area and after waiting down trend to my price.. i don't understend why cad is to weak.
  • #27
  • Dec 3, 2008 1:19pm Dec 3, 2008 1:19pm
Quoting flame_angel
Thank you verry much, i saw, and i can to headging my lost to 1.6200 area and after waiting down trend to my price.. i don't understend why cad is to weak.
It's not that CAD is weak, it's the strength of USD. EUR/CAD = EUR/USD * USD/CAD and since eur/cad follows usd/cad closer than eur/usd and because usd/cad keeps going up it pushes eur/cad higher. A potential hedge could be going long on USD/CAD, but at this point it may be too late. You could wait for a good pull back in USD/CAD and go long, but use your own discretion. Good luck.
  • #28
  • Dec 3, 2008 1:20pm Dec 3, 2008 1:20pm
Don't F*cking Hedge That Position!
Take the loss.

Disaster in the making...
  • #29
  • Dec 3, 2008 1:28pm Dec 3, 2008 1:28pm
Quoting Tjpld
Don't F*cking Hedge That Position!
Take the loss.

Disaster in the making...
I'm not recommending to hedge at this point either, it's way too late.
  • #30
  • Dec 3, 2008 1:30pm Dec 3, 2008 1:30pm
This guy won't listen to us. He screwed up, and is paying for it.

The lesson will sink in deeper if he experience it himself.

http://www.tcde.tehama.k12.ca.us/pyramid.pdf
  • #31
  • Dec 3, 2008 1:33pm Dec 3, 2008 1:33pm
It's always the same.
Forum Members: "You really should move on. You made a big mistake take it as a lesson"
Guy: "But I belive... it could.... it will.. it might... Dear God please make it turn around "

Like forex is a gospel.
  • #32
  • Dec 3, 2008 1:39pm Dec 3, 2008 1:39pm
Quoting Ronald Raygun
This guy won't listen to us. He screwed up, and is paying for it.

The lesson will sink in deeper if he experience it himself.

http://www.tcde.tehama.k12.ca.us/pyramid.pdf

i listen all the comments and ideas, and i wont just return my account, i can't close now this transaction, because in account weel be rest just 2000 $, it's to low for next transaction, i think, i can return my account or lost all account, it's risk, risk of my self.
  • #33
  • Dec 3, 2008 1:41pm Dec 3, 2008 1:41pm
Quoting Tjpld
It's always the same.
Forum Members: "You really should move on. You made a big mistake take it as a lesson"
Guy: "But I belive... it could.... it will.. it might... Dear God please make it turn around "

Like forex is a gospel.
it's a lesson not just for me, and for all,
  • #34
  • Dec 3, 2008 1:50pm Dec 3, 2008 1:50pm
So why are you asking for help in the first place?
  • #35
  • Dec 3, 2008 1:52pm Dec 3, 2008 1:52pm
Quoting flame_angel
i listen all the comments and ideas, and i wont just return my account, i can't close now this transaction, because in account weel be rest just 2000 $, it's to low for next transaction, i think, i can return my account or lost all account, it's risk, risk of my self.
$2000 not enough for the next trade? This explains how you got into the problem to start with
  • #36
  • Dec 3, 2008 1:56pm Dec 3, 2008 1:56pm
Yes he's making it sound like he knows what he's doing.
If he did he wouldn't have a loss of 6000$ with one trade.
  • #37
  • Dec 3, 2008 2:15pm Dec 3, 2008 2:15pm
Quoting Tjpld
Yes he's making it sound like he knows what he's doing.
If he did he wouldn't have a loss of 6000$ with one trade.
Quoting willf
$2000 not enough for the next trade? This explains how you got into the problem to start with
Why banter? I just asked an opinion as ideie to get out of this situation, I am not an experienced trader, are beginner, and are not the first and last we made this mistake. looking for a support but no charges, I know that I was stupid that I got in this situation.
  • #38
  • Dec 3, 2008 2:29pm Dec 3, 2008 2:29pm
Quoting flame_angel
Why banter? I just asked an opinion as ideie to get out of this situation, I am not an experienced trader, are beginner, and are not the first and last we made this mistake. looking for a support but no charges, I know that I was stupid that I got in this situation.
Whatever. Pride comes before a fall !
  • #39
  • Dec 3, 2008 2:51pm Dec 3, 2008 2:51pm
He's going to cry at night. I promise.
  • #40
  • Dec 3, 2008 3:22pm Dec 3, 2008 3:22pm
Quoting flame_angel
Why banter? I just asked an opinion as ideie to get out of this situation, I am not an experienced trader, are beginner, and are not the first and last we made this mistake. looking for a support but no charges, I know that I was stupid that I got in this situation.
In the future, please:
1. place stops
2. have a plan
3. trade that plan
4. risk a % of your account... under 10%!

edit: oh ya... and most of all 5. DONT HEDGE trades just because you don't want to close them.
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