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  • #91,741
  • May 1, 2009 4:53am May 1, 2009 4:53am
watch 1.3255, if it bounces close out your seond position. If it goes through close out one of your positions as best you can and ride the other one and set a lower SL
  • #91,742
  • May 1, 2009 4:54am May 1, 2009 4:54am
Quoting rahulw
i have 2 short positions open at 1.3260 and 1.3241, with 40000 Euro each.
If it goes down to 1.3220, i recover all what i have paid.
If it goes up to 1.3300, i loose what all i had with me.

But i do not have any sadness now, as i know what i was doing. And i am happy to find such good friends here, like you.

Just pray for me, so i can be here.
What are you doing buying 4 mini lots with with $350?

I hope it goes down for you but even if you get out of this trade.
if you do the same again you will lose it all sooner or later
  • #91,743
  • May 1, 2009 4:54am May 1, 2009 4:54am
Quoting rahulw
i have 2 short positions open at 1.3260 and 1.3241, with 40000 Euro each.
If it goes down to 1.3220, i recover all what i have paid.
If it goes up to 1.3300, i loose what all i had with me.

But i do not have any sadness now, as i know what i was doing. And i am happy to find such good friends here, like you.

Just pray for me, so i can be here.
What have you got on Per point?

40,000 Euros each . I dont understand it?
rat
  • #91,744
  • May 1, 2009 4:55am May 1, 2009 4:55am
Quoting rahulw
i have 2 short positions open at 1.3260 and 1.3241, with 40000 Euro each.
If it goes down to 1.3220, i recover all what i have paid.
If it goes up to 1.3300, i loose what all i had with me.

But i do not have any sadness now, as i know what i was doing. And i am happy to find such good friends here, like you.

Just pray for me, so i can be here.
wow, thats it money managment! i think you will have luck this time!
  • #91,745
  • May 1, 2009 4:57am May 1, 2009 4:57am
I am out 1/2 my position and set my SL to break even. Taken partial profit.
  • #91,746
  • May 1, 2009 4:57am May 1, 2009 4:57am
Quoting jesjack
LOL! Nope wont talk dirty...and i havent even put a trade in tonight trying to see whats going to happen.....just have an old sell im waiting to get out of someday...
Well I hope it's not to far away. I'm off to the salt mine---later
  • #91,747
  • May 1, 2009 4:59am May 1, 2009 4:59am
The mrket is looking weak. However, it could still take out the recent high.
  • #91,748
  • May 1, 2009 5:00am May 1, 2009 5:00am
good news from the UK is making it hard for this pair to sink.

Manufacturing PMI improved more than forecast, that was 1.5hrs ago so hoping the effects will wear off soon
  • #91,749
  • May 1, 2009 5:00am May 1, 2009 5:00am
Next stop for those in a short 1.3223. After that 1.3200 and it's time for a rebound.
  • #91,750
  • May 1, 2009 5:00am May 1, 2009 5:00am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting rahulw
i have 2 short positions open at 1.3260 and 1.3241, with 40000 Euro each.
If it goes down to 1.3220, i recover all what i have paid.
If it goes up to 1.3300, i loose what all i had with me.

But i do not have any sadness now, as i know what i was doing. And i am happy to find such good friends here, like you.

Just pray for me, so i can be here.
Bias is down for the day but certainly buyers down off 3230. It may want to move back up to 3300-3320 to pick up fresh sellers. Just my 2 cents. Don't overleverage my man so you can give your trade breathing room. But IMO bias is down for today.
"Wishful thinking dies hard." Igor T.
  • #91,751
  • May 1, 2009 5:01am May 1, 2009 5:01am
Quoting Atlast
watch 1.3255, if it bounces close out your seond position. If it goes through close out one of your positions as best you can and ride the other one and set a lower SL
I wont take out money till i reach 1.3230 atleast
Let me decide once for all, i am there or not !


Quoting PipLand
What are you doing buying 4 mini lots with with $350?

I hope it goes down for you but even if you get out of this trade.
if you do the same again you will lose it all sooner or later
i wont come back, i promise
  • #91,752
  • May 1, 2009 5:02am May 1, 2009 5:02am
rahhulw, are you still in with both positions?
  • #91,753
  • May 1, 2009 5:02am May 1, 2009 5:02am
Quoting Atlast
Next stop for those in a short 1.3223. After that 1.3200 and it's time for a rebound.
I will wait for this time
Till it reaches 1.3233

In how much time market closes for the week ?
  • #91,754
  • May 1, 2009 5:03am May 1, 2009 5:03am
Quoting rahulw
I wont take out money till i reach 1.3230 atleast
Let me decide once for all, i am there or not !




i wont come back, i promise
I think rahhulw won't be back either way, win or lose.
  • #91,755
  • May 1, 2009 5:06am May 1, 2009 5:06am
Quoting rahulw
do not worry now, i will be out forever, if it does not touches 1.3220.
i will never come back, trust me

please pray
What are you so worried about, being wrong? Everyone's wrong at times. FX is not easy, nor a science, just take it easy.

For the record, I read price to come down below 1.3225, and still further. But,as we all know, anything can happen. My decisions are wrong four times out of ten, but I can make profit at this.
Good Trading. (keep it simple).
  • #91,756
  • May 1, 2009 5:07am May 1, 2009 5:07am
Quoting Atlast
I think rahhulw won't be back either way, win or lose.
Its 1.3272 now, just 20 pips more and i am gone forever.
Please pray
  • #91,757
  • May 1, 2009 5:08am May 1, 2009 5:08am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Not quantifying loss b4 entering trade is a quick way to blow your acct.
"Wishful thinking dies hard." Igor T.
  • #91,758
  • May 1, 2009 5:09am May 1, 2009 5:09am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Sellers may be hitting market here at 3272. Watching 5 min chart to see PA.
"Wishful thinking dies hard." Igor T.
  • #91,759
  • May 1, 2009 5:09am May 1, 2009 5:09am
Quoting Jasper
What are you so worried about, being wrong? Everyone's wrong at times. FX is not easy, nor a science, just take it easy.

For the record, I read price to come down below 1.3225, and still further. But,as we all know, anything can happen. My decisions are wrong four times out of ten, but I can make profit at this.
Just Praying for same, that it comes down to 1.3225 without touching 1.3290.
  • #91,760
  • May 1, 2009 5:09am May 1, 2009 5:09am
Quoting rahulw
Its 1.3272 now, just 20 pips more and i am gone forever.
Please pray
cant you set your SL to break even?
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