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  • #70,701
  • Mar 3, 2009 7:05pm Mar 3, 2009 7:05pm
Quoting Forbes55
wrong decision at this exteme level
Now all you have to do is figure out & Remember Why it was wrong...
  • #70,702
  • Mar 3, 2009 7:05pm Mar 3, 2009 7:05pm
Quoting Trading Cat
short at 1.2472 sl 1.2547 Tp 1.2353 for now will move sl into profit if +50pip is reached.
Why would you short right now? we're at the bottom of the channel we've been in for the past week. that just doesn't seem to make sense to me. unless we break out of this little channel.
  • #70,703
  • Mar 3, 2009 7:06pm Mar 3, 2009 7:06pm
That failed miserably

Worse than that, a bunch of kids got pissed in the street and smashed my car to bits, both lights and the 2 passenger windows so carless

While sorting that out, wasn't around to spot the trend down and get out with a small TP, DAMN!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,704
  • Mar 3, 2009 7:06pm Mar 3, 2009 7:06pm
Quoting Forbes55
wrong decision at this exteme level
Thanks for the hint. My plan told me to go in and what my plan tells me to do I do. No worries
Trade on your own risk Plan your trade&trade your plan dont be a
  • #70,705
  • Mar 3, 2009 7:06pm Mar 3, 2009 7:06pm
Quoting jackdan
aren't you using SL?¿
I believe SL is not needed if you only use 5% max of your margin and hedging strategy....well at least it works for me and most importantly don't trade for a living
  • #70,706
  • Mar 3, 2009 7:07pm Mar 3, 2009 7:07pm
how profitable has your plan been?
  • #70,707
  • Mar 3, 2009 7:09pm Mar 3, 2009 7:09pm
Quoting Forbes55
wrong decision at this exteme level
How about trying to catch bounces when the trend is obviously down. Bad R/R is the wrong decision if you ask me but what do I know.
  • #70,708
  • Mar 3, 2009 7:09pm Mar 3, 2009 7:09pm
Can't complain with my plan so far. But hey thats what its all about everyone has his own opinion, otherwise we would have no movements....
Trade on your own risk Plan your trade&trade your plan dont be a
  • #70,709
  • Mar 3, 2009 7:11pm Mar 3, 2009 7:11pm
Quoting kstorm88
how profitable has your plan been?
you think of profit if you trade for a living, i trade just for fun, scalp here and there, hedge here and there with small quantity...it pays my internet and electricity bill
  • #70,710
  • Mar 3, 2009 7:12pm Mar 3, 2009 7:12pm
Quoting pt49
If stupid Americans believe a Ground hog determines the weather, they'll believe that the Aussie GDP is a good indicator of the health of the greater western worlds economies.
We are not that stupid but we have become the nation of greed that brought the whole world economy to what it is today.

I'm not talking about the average Joe. It's about the big fat pigs like madoff and the ones went for the greed with him. What brought down aig, lehman, bear, merrill etc.. all greed..10K shower curtains, 1K trash cans, 2mil birthday parties...and now the average American has only 40% of his/her savings and no net worth of any home equity if you bought it in the last 3-4 years..

There is a lot to be said but...
  • #70,711
  • Mar 3, 2009 7:13pm Mar 3, 2009 7:13pm
Hello people. Tried to catch up on the thread...and figured I'd just ask how's everybody doing instead
Not all sins are created equal
  • #70,712
  • Mar 3, 2009 7:14pm Mar 3, 2009 7:14pm
Quoting Levent
We are not that stupid but we have become the nation of greed that brought the whole world economy to what it is today.

I'm not talking about the average Joe. It's about the big fat pigs like madoff and the ones went for the greed with him. What brought down aig, lehman, bear, merrill etc.. all greed..10K shower curtains, 1K trash cans, 2mil birthday parties...and now the average American has only 40% of his/her savings and no net worth of any home equity if you bought it in the last 3-4 years..

There is a lot to be said but...
Actually doing the nice thing and giving loans to people who couldn't pay for them was actually what caused it. Greed has very little to do with it. Its more about control.
  • #70,713
  • Mar 3, 2009 7:16pm Mar 3, 2009 7:16pm
Quoting Jay Walker
Hello people. Tried to catch up on the thread...and figured I'd just ask how's everybody doing instead
Hey Jay
Walkin' on the Wild Side are ya?
  • #70,714
  • Mar 3, 2009 7:17pm Mar 3, 2009 7:17pm
Quoting Levent
We are not that stupid but we have become the nation of greed that brought the whole world economy to what it is today.

I'm not talking about the average Joe. It's about the big fat pigs like madoff and the ones went for the greed with him. What brought down aig, lehman, bear, merrill etc.. all greed..10K shower curtains, 1K trash cans, 2mil birthday parties...and now the average American has only 40% of his/her savings and no net worth of any home equity if you bought it in the last 3-4 years..

There is a lot to be said but...
yea yea,

and i guess the 1K trash cans brought down the entire world economy, not to mention the 2 mil birthday parties, the helicopters etc...

i am happy i am not american

peace
  • #70,715
  • Mar 3, 2009 7:18pm Mar 3, 2009 7:18pm
Quoting Jay Walker
Hello people. Tried to catch up on the thread...and figured I'd just ask how's everybody doing instead
Thanks for asking. Understood real meaning of sitting tight in last 20 hours.
The Thief of Wall Street
  • #70,716
  • Mar 3, 2009 7:18pm Mar 3, 2009 7:18pm
Quoting kstorm88
Why would you short right now? we're at the bottom of the channel we've been in for the past week. that just doesn't seem to make sense to me. unless we break out of this little channel.
that's right, even for months, now up let's go euro, that's a good place for you!
ROBOT FOREX
  • #70,717
  • Mar 3, 2009 7:19pm Mar 3, 2009 7:19pm
Quoting Code4Capital
Actually doing the nice thing and giving loans to people who couldn't pay for them was actually what caused it. Greed has very little to do with it. Its more about control.
Just wondering what colour the sky is in your world?
  • #70,718
  • Mar 3, 2009 7:19pm Mar 3, 2009 7:19pm
Quoting Jay Walker
Hello people. Tried to catch up on the thread...and figured I'd just ask how's everybody doing instead
Hi Jay

I'm doing ok. I took a 1% loss on a EUR/JPY trade. I was long on it but just as the Aussie GDP figure was released, the EUR/JPY tanked along with EUR/USD.

The Aussie GDP figure was unexpected. They were forecasting it to be +0.2% but the actual figure ended up being -0.5%
  • #70,719
  • Mar 3, 2009 7:19pm Mar 3, 2009 7:19pm
trading range chart:
eur/gbp - target 0,8940 - see chart for how to trade now
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Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #70,720
  • Mar 3, 2009 7:20pm Mar 3, 2009 7:20pm
Quoting Code4Capital
Actually doing the nice thing and giving loans to people who couldn't pay for them was actually what caused it. Greed has very little to do with it. Its more about control.
Yes and how about some of those folks (hedge funds/banks/etc) in other countries (i.e. Iceland) that bought some of the mortgage paper looking to earn above market rates of return. They must have been greedy too by the reasoning the media puts on things.
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