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  • #62,661
  • Feb 8, 2009 6:57pm Feb 8, 2009 6:57pm
Quoting CAnthonyMVE
that sure is lol better safe than sorry

thanks for your concern, i am on -13 pips..do i still go out?
  • #62,662
  • Feb 8, 2009 7:01pm Feb 8, 2009 7:01pm
Quoting alfamichi
thanks for your concern, i am on -13 pips..do i still go out?
Alfamichi - The rules say: if you are not sure "get out". Market is yet to take a direction for the week. It could go either way. Best of Luck.
The Thief of Wall Street
  • #62,663
  • Feb 8, 2009 7:09pm Feb 8, 2009 7:09pm
Quoting alfamichi
thanks for your concern, i am on -13 pips..do i still go out?
Not to but in, but the reason I get out of a trade is because the reason I got into it is no longer valid. If the reason you got in is still good for you----stay in. If you think your reason is no longer valid, get out.

Now the question is why would you short at that time and place?????

Edit: looks like your good now.
  • #62,664
  • Feb 8, 2009 7:13pm Feb 8, 2009 7:13pm
Quoting Chicky
Alfamichi - The rules say: if you are not sure "get out". Market is yet to take a direction for the week. It could go either way. Best of Luck.

thanks, was so scared i went out with -1pip
  • #62,665
  • Feb 8, 2009 7:17pm Feb 8, 2009 7:17pm
Quoting alfamichi
thanks for your concern, i am on -13 pips..do i still go out?

everyone trades differently you may see something that i dont but my suggestion is if u have doubts dont do it if u feel u may loose get out because there will always be another opp to make money
  • #62,666
  • Feb 8, 2009 7:17pm Feb 8, 2009 7:17pm
Quoting gregam1128
looking for a close of gap, then a bounce north. stimilus looks to be a go, the markets will like that. looking for a retrace of the jan. monthly bar.
Entering a long now. Hoping to see 1.30+
  • #62,667
  • Feb 8, 2009 7:21pm Feb 8, 2009 7:21pm
i still think its too early to get in
  • #62,668
  • Feb 8, 2009 7:24pm Feb 8, 2009 7:24pm
Quoting aqua
Entering a long now. Hoping to see 1.30+

he who dares
  • #62,669
  • Feb 8, 2009 7:30pm Feb 8, 2009 7:30pm
Quoting alfamichi
thanks, was so scared i went out with -1pip
dont worrie too much.
I am Crossed fingers because since last friday I hold 2 positions of 10K each, with -$242 at the moment , and no stop loss, waiting come back to 1,284. ^^
  • #62,670
  • Feb 8, 2009 7:33pm Feb 8, 2009 7:33pm
Quoting aqua
Entering a long now. Hoping to see 1.30+
Won't enter a new long until maybe the london session. My current long is at 2846

That I will hold till the end of the month, or until I see a full retrace of January. I'm using a smaller trade to scalp back and forth between bollinger bands.
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  • #62,671
  • Feb 8, 2009 7:43pm Feb 8, 2009 7:43pm
Quoting ppxdf
dont worrie too much.
I am Crossed fingers because since last friday I hold 2 positions of 10K each, with -$242 at the moment , and no stop loss, waiting come back to 1,284. ^^
Why??? I know everyone has their own way of looking at things, so please tell us what makes you sure enough of 1.284 that you are willing to let it run with no stop. If your playing with real money
  • #62,672
  • Feb 8, 2009 7:51pm Feb 8, 2009 7:51pm
if the weekend pattern remains in tack dollar has weakend each friday after noon. then has gooten stronger asian session on sunday nights....
those who can, do. those who cant, talk about those who can
  • #62,673
  • Feb 8, 2009 7:55pm Feb 8, 2009 7:55pm
Quoting knuckledrag
Why??? I know everyone has their own way of looking at things, so please tell us what makes you sure enough of 1.284 that you are willing to let it run with no stop. If your playing with real money
I am a stupid man. I should not hold that 2 position at weekend and I believed that downtrend will keep until tuesday when the senate would aprove the pack of mr Obama.
Oh, what about the stop loss? Oh yes, My stop loss is my mouse. I never go afk with active market.
  • #62,674
  • Feb 8, 2009 8:00pm Feb 8, 2009 8:00pm
Quoting ppxdf
I am a stupid man. I should not hold that 2 position at weekend and I believed that downtrend will keep until tuesday when the senate would aprove the pack of mr Obama.
Oh, what about the stop loss? Oh yes, My stop loss is my mouse. I never go afk with active market.
I wouldn't say stupid, all depends on your account size. A little unwise maybe, but then I don't know your financial situation. Reality is if you are nervous about that trade, That suggests to me that you have definitely over leveraged yourself, or did not use wise money management. All trades, I repeat ALL trades should be made with a calm mindset. If you're as nervous as I seem to think you are. You are probably trading to large amounts for your account.
  • #62,675
  • Feb 8, 2009 8:11pm Feb 8, 2009 8:11pm
Quoting gregam1128
I wouldn't say stupid, all depends on your account size. A little unwise maybe, but then I don't know your financial situation. Reality is if you are nervous about that trade, That suggests to me that you have definitely over leveraged yourself, or did not use wise money management. All trades, I repeat ALL trades should be made with a calm mindset. If you're as nervous as I seem to think you are. You are probably trading to large amounts for your account.
not really nervous. I have a litlle breath to hold until tuesday, I think.
My leverage is just 10:1 but I am not using it.
Large trading? I dont know. see this link and tell please what do you think.
http://www.ppxdf.com/short.jpg
  • #62,676
  • Edited 8:51pm Feb 8, 2009 8:16pm | Edited 8:51pm
Quoting ppxdf
I am a stupid man. I should not hold that 2 position at weekend and I believed that downtrend will keep until tuesday when the senate would aprove the pack of mr Obama.
Oh, what about the stop loss? Oh yes, My stop loss is my mouse. I never go afk with active market.
Anything is possible and you should mange your trades as you see fit. I have no dog in this fight, and happy about it. Good luck

Edit: Looking better, I still think 1.2917 will be hard to break. 1.2841 is a good possibility. Luck be with you.
Edit two: Hay, let me keep telling you how hard this is and you'll be 100 pips up in no time.
  • #62,677
  • Feb 8, 2009 8:44pm Feb 8, 2009 8:44pm
Quoting ppxdf
I am a stupid man. I should not hold that 2 position at weekend and I believed that downtrend will keep until tuesday when the senate would aprove the pack of mr Obama.
Oh, what about the stop loss? Oh yes, My stop loss is my mouse. I never go afk with active market.
I have to agree with the others that have responded to you - and when it comes to giving advice on trades I learned that it is not a wise thing to do. You have 100 pips at this point to break even.

If someone tells you to hang on and it goes against you another 100 points they will be wrong AND ON THE OTHER HAND if someone tells you to get out and it drops 100 points they will be wrong. No good answer trading somone elses account.

You should do what you feel is the right thing to do to manage your account and learn from it either way you decide.
  • #62,678
  • Feb 8, 2009 9:01pm Feb 8, 2009 9:01pm
I see.
probably I will close at least one.
it is Not too farway, isnt it?
See : http://www.ppxdf.com/short1.jpg
  • #62,679
  • Feb 8, 2009 9:03pm Feb 8, 2009 9:03pm
Quoting ppxdf

it is Not too farway, isnt it?
Don't trade out of fear.
Not all sins are created equal
  • #62,680
  • Feb 8, 2009 9:10pm Feb 8, 2009 9:10pm
Developement so far , sign of weaknes but questionable due to the new event (stimulus)
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"Simplicity is the ultimate sophistication" leonardo da vinci
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