AUD/USD Pls help me get out of this hedging MESS !!! | Page 4 | Forex Factory

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Attachments: AUD/USD Pls help me get out of this hedging MESS !!!
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AUD/USD Pls help me get out of this hedging MESS !!!

  • #61
  • Oct 29, 2008 2:21pm Oct 29, 2008 2:21pm
LOL!! this thread is hilarious!!

fatboy, you better hope you blow your account with this mess because if you get out with a profit your chances of becoming a good trader will be slim to none. you have made all the wrong moves, your mentality is all wrong, and you need to lose money so you remember the many lessons that this situation is trying to teach you. unless you take a big loss here, youll think you did something smart so youll be destined to do it again.

btw, one rule that professional traders follow is "when unsure of a position, exit immediately". thats why the smart guys in this thread told you to exit your position without caring about what the market might do.
Relax and be happy.
  • #62
  • Oct 29, 2008 2:50pm Oct 29, 2008 2:50pm
i think at this point he knows what needs to be done he just doesn't want to accept it.
  • #63
  • Oct 29, 2008 3:24pm Oct 29, 2008 3:24pm
Quoting fatboy1234
HOLY MOTHER OF GOD !!! IT'S GOING UP LIKE THERE IS NO TOMORROW.

Now I wish I did not close my long position. I don't want to put in another long to freeze my position because of my bad luck, I know the MOMENT I put in that long, the market will turn right around and shoot down again.

Now 600 pips against me, account down 60%.
What happened to your stop loss?????? I thought it was a golden rule to use stops from now on.......

QUIT TRADING for a while and go back to your demo and get a system....... your just shotgunning the market.... paying NO attention to price action or trend....
Same Whore .... Different Dress
  • #64
  • Oct 29, 2008 3:42pm Oct 29, 2008 3:42pm
Quoting merlin
LOL!! this thread is hilarious!!

fatboy, you better hope you blow your account with this mess because if you get out with a profit your chances of becoming a good trader will be slim to none. you have made all the wrong moves, your mentality is all wrong, and you need to lose money so you remember the many lessons that this situation is trying to teach you. unless you take a big loss here, youll think you did something smart so youll be destined to do it again.

btw, one rule that professional traders follow is \"when unsure of a position, exit immediately\". thats why the smart guys in this thread told you to exit your position without caring about what the market might do.


OMG I can not believe you just said that. You hope he blows his account??? What a terrible thing to say. Fatboy, I hope your trades come around and you at least break even. Then I would advise you to withdraw all the money from your forex account and not even consider trading again until you get more experience.
  • #65
  • Oct 29, 2008 4:46pm Oct 29, 2008 4:46pm
Merlin is such a mean ol' wizard.
  • #66
  • Oct 29, 2008 6:35pm Oct 29, 2008 6:35pm
Quoting opie999
Merlin is such a mean ol' wizard.
If I knew where his cave was I would find him and break his wand for that.
  • #67
  • Oct 29, 2008 6:40pm Oct 29, 2008 6:40pm
fatboy........... Go cry to your mama, I'm done listening to your winey ass......
Same Whore .... Different Dress
  • #68
  • Oct 29, 2008 6:44pm Oct 29, 2008 6:44pm
Now that is a mean response.....
Same Whore .... Different Dress
  • #69
  • Oct 29, 2008 6:48pm Oct 29, 2008 6:48pm
Quoting johnedoe
Now that is a mean response.....
But well deserved!

Some people will never learn...
  • #70
  • Oct 31, 2008 1:11am Oct 31, 2008 1:11am
well i stick with one position these days. since i passed 230 i stay on the bottom.

retired my ass. these kind of posts from merlin are what made this place a load of fun years ago. i miss them days. i say we start an old folks private forum here so we can reminisce. whada ya say merlin? still got some pull?

jim




Quoting merlin
LOL!! this thread is hilarious!!

fatboy, you better hope you blow your account with this mess because if you get out with a profit your chances of becoming a good trader will be slim to none. you have made all the wrong moves, your mentality is all wrong, and you need to lose money so you remember the many lessons that this situation is trying to teach you. unless you take a big loss here, youll think you did something smart so youll be destined to do it again.

btw, one rule that professional traders follow is \"when unsure of a position, exit immediately\". thats why the smart guys in this thread told you to exit your position without caring about what the market might do.
  • #71
  • Oct 31, 2008 8:36am Oct 31, 2008 8:36am
well..if he managed to hedge? i think that's the term, or margin whatever survive that till the 30th he'd be in the green... Still i don't know why you went long at that position on the 24th. Most chances were that it would have gone down.
  • #72
  • Jun 28, 2009 11:37pm Jun 28, 2009 11:37pm
wonder if fatboy still around? good thread
  • #73
  • Jun 8, 2013 1:43pm Jun 8, 2013 1:43pm
I was doing some online research and I found this thread. Lol very funny in a schadenfreude kind of way. Too bad fatboy bought near the top and sold at the bottom.

I also note that the major RBA interventions had very little effect initially during the crisis (probably due to people been force margined like this guy). However after the prices got stabilized, the later market operations (which was much smaller according to their spreadsheets) was even more effective than the initial ones as it went "with the trend".
  • #74
  • Last Post: Jun 25, 2013 6:26am Jun 25, 2013 6:26am
I came with curiosity to answer the thread but its Okay now am too late to answer this.
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