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  • #90,641
  • Apr 29, 2009 12:52pm Apr 29, 2009 12:52pm
Quoting trader69
thats why i stopped trading with ibfx, and i dont really watch fxcm price feed so much anymore, but i am sure that will have the same spread widening issues. i guess i will live without hedging after the 15th. i just dont like that they (NFA) are throwing out the baby with the bathwater. they should implement some kind of hedging quiz; if you pass, you can hedge. if not, too bad so sad.
it's big brother man I hate that garbage but I am for small govt and big wallets its bad enough I live in the sf bay area and am considered rich but my house to live in a track home is 1 million...fascists
Boycott GFT for NFA hedge rule
  • #90,642
  • Apr 29, 2009 12:55pm Apr 29, 2009 12:55pm
Quoting Duce
I'm in the exact same boat, but I'm funded very well. Should I hold tight?

hold on tight brother. even if it runs up, the euro is eventually coming back down. weekly trend line is in 1.36 land. daily trend line is around 1.3480.
"i wake up in the morning, and i piss excellence"
  • #90,643
  • Apr 29, 2009 12:56pm Apr 29, 2009 12:56pm
Quoting Duce
I'm in the exact same boat, but I'm funded very well. Should I hold tight?
Perhaps you're on a Yaght and he's on a kayak
Doh! I didn't mean to do that.
  • #90,644
  • Apr 29, 2009 12:56pm Apr 29, 2009 12:56pm
Just wanted to say thank you again for all your advice and suggestions. You're absolutely right...i should have used a stop loss...but in this case i didn't and now i'm definitely suffering for it. I have 11K in my account and i am shorting 1 lot since 3063. I have about 7K free margin available.
  • #90,645
  • Apr 29, 2009 12:57pm Apr 29, 2009 12:57pm
Just in case anyone missed what I said awhile ago:

Quoting SunTrader
I went to both the NFA and SEC websites and found no such notice or rule change regarding forex or currency futures hedging!!!
  • #90,646
  • Apr 29, 2009 12:57pm Apr 29, 2009 12:57pm
Quoting Duce
I'm in the exact same boat, but I'm funded very well. Should I hold tight?

If it brakes 33600, that's trouble, otherwise it goes back to 3050. Take a look at the H4 and H1 lrc channels as they are lined up nicely and ready to bounce it back down.

my 2 pips, sorry can't be of more help
  • #90,647
  • Apr 29, 2009 12:59pm Apr 29, 2009 12:59pm
If that "trader" in trouble was looking for guesses, he sure got 'em.
  • #90,648
  • Apr 29, 2009 1:00pm Apr 29, 2009 1:00pm
Quoting SunTrader
Just in case anyone missed what I said awhile ago:
I posted the link to this
Boycott GFT for NFA hedge rule
  • #90,649
  • Apr 29, 2009 1:01pm Apr 29, 2009 1:01pm
Quoting rattyo
It should come back down mate looking at this chart ......I'm looking to short but this may have about another 50-100 points up in it...

we are looking at a possible new upward trend aswell so you may not get 13080 on the retrace...

Ok heres the 4hr chart ....theres a daily downward channel. What I'm asking myself now. Have we broken this and are now in the upward channel you can see? I dont know the answer to that question and nobody here does but it looks a good proposition....

It all depends on the DOW....Will it let of steam and come back...


Ok heres the 4hr chart ....theres a daily downward channel. What I'm asking myself now. Have we broken this and are now in the upward channel you can see? I dont know the answer to that question and nobody here does but it looks a good proposition....

It all depends on the DOW....Will it let of steam and come back down to 8000
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rat
  • #90,650
  • Apr 29, 2009 1:01pm Apr 29, 2009 1:01pm
Quoting attila
If it brakes 33600, that's trouble, otherwise it goes back to 3050. Take a look at the H4 and H1 lrc channels as they are lined up nicely and ready to bounce it back down.

my 2 pips, sorry can't be of more help
Don't see it. I see a break up.
Si vis pacem, para bellum.
  • #90,651
  • Apr 29, 2009 1:02pm Apr 29, 2009 1:02pm
Quoting BlueSky07
Hi guys,

I'm stuck in a short EUR/USD at 3063 since yesterday. I left it running overnight and woke up to a big suprise of 32xx. Not sure what to do at this point...Should i close it and accept my losses before FOMC or should i let it run and hope that the FOMC outcome will be good? Any advice will be appreciated. Thanks.
Since your gambling you got 2 options. Let it run and see what happens, you either gain it back or loose your whole account.
Learn from your mistakes and use a stop the next time.
  • #90,652
  • Apr 29, 2009 1:02pm Apr 29, 2009 1:02pm
Quoting SunTrader
If that "trader" in trouble was looking for guesses, he sure got 'em.

If you have the absolute answer why don't you give it to him. if I had the answer I wouldn't be here.

It was a simple analysis. A very basic If/Else.

Whatever....

BTW. Check my "guess" in 2 days.
  • #90,653
  • Apr 29, 2009 1:03pm Apr 29, 2009 1:03pm
Quoting BlueSky07
Just wanted to say thank you again for all your advice and suggestions. You're absolutely right...i should have used a stop loss...but in this case i didn't and now i'm definitely suffering for it. I have 11K in my account and i am shorting 1 lot since 3063. I have about 7K free margin available.
You could get lucky. It could go down to below 1.3160, but the upside could make you lose more than double, and I still see more upside today.
  • #90,654
  • Apr 29, 2009 1:04pm Apr 29, 2009 1:04pm
Quoting rattyo
Ok heres the 4hr chart ....theres a daily downward channel. What I'm asking myself now. Have we broken this and are now in the upward channel you can see? I dont know the answer to that question and nobody here does but it looks a good proposition....

It all depends on the DOW....Will it let of steam and come back down to 8000
Either way, looking at your chart it looks like the next move is down as PA is currently at the top of both higher channel lines... I guess the news will now tell the rest of this short-term story....
Doh! I didn't mean to do that.
  • #90,655
  • Apr 29, 2009 1:05pm Apr 29, 2009 1:05pm
Quoting attila
Right, that's what I said. It's going to 30200. When? I don't know. But it will get there.


Sorry. I might have misunderstood you somehow. It will not get much higher than it is right now. The next move is down, and that will not be a retrace. Take a look at the H4 LRC channel.
H4 looks good for a short but it would be better to wait for the rate decision or put your SL after the news..
might try to kiss 1.34 before going down and even that might be a retrace unless something breaks this risk appetite(most stock exchanges up +2% today)
Some drink at the fountain of knowledge. Others just gargle !
  • #90,656
  • Apr 29, 2009 1:06pm Apr 29, 2009 1:06pm
Quoting Duce
Don't see it. I see a break up.
We'll see. Like I said... Something WILL happen. It can only go two ways. My take is, if it bounces back it goes to 3010 or so. If it brakes up, the daily chart is telling me 3400.


I'm still short bias.
  • #90,657
  • Apr 29, 2009 1:06pm Apr 29, 2009 1:06pm
So what's your opinion on Best Case and Worst Case Scenarios for FOMC?
  • #90,658
  • Apr 29, 2009 1:08pm Apr 29, 2009 1:08pm
Quoting MackS10
Since your gambling you got 2 options. Let it run and see what happens, you either gain it back or loose your whole account.
Learn from your mistakes and use a stop the next time.
the sensible thing is to take ur loss!.....
it seems to me ur being personaly invovled
thats a bad sign
a big loss
ok painful
take the loss...and then get with the program ...program where was ur stop?
hope this helps
if not reply
  • #90,659
  • Apr 29, 2009 1:10pm Apr 29, 2009 1:10pm
Quoting Duce
Don't see it. I see a break up.
There is alot of resistance in this area. Doesn't mean much if FOMC goes against you. Hope that FOMC is already calculated in and that we get several hours of consolidation. Gives you a chance to get some rest and really consider what your options are.

My 2 cents only. I'm not in the boat and don't like playing with other peoples money.
  • #90,660
  • Apr 29, 2009 1:10pm Apr 29, 2009 1:10pm
Quoting BlueSky07
So what's your opinion on Best Case and Worst Case Scenarios for FOMC?
Bluesky ur missing the point
who cares whatn the FMOC scanios are?
what ur opinion based on fundy and tech analysis?
trade what u see...
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