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  • #128,661
  • Aug 5, 2009 2:38pm Aug 5, 2009 2:38pm
Here's the fall. I need it to get down to around 4375. I decided (foolishly) to go short at 4380 and now I'm getting crushed.
  • #128,662
  • Aug 5, 2009 2:46pm Aug 5, 2009 2:46pm
Quoting OleMiss
Here's the fall. I need it to get down to around 4375. I decided (foolishly) to go short at 4380 and now I'm getting crushed.
Depending on the leverage you used, sit tight for the next couple days and it'll pay off big.

What I've done is whenever it's passed through my sell position at least 20pips, I put a +1pip BE SL and wait and see. If it blows through my stop I reenter higher and repeat the process. Keep repeating the cycle till it sticks for 60+. It'll come.
  • #128,663
  • Aug 5, 2009 2:47pm Aug 5, 2009 2:47pm
Quoting OleMiss
Here's the fall. I need it to get down to around 4375. I decided (foolishly) to go short at 4380 and now I'm getting crushed.
Hang tite. I have a short from as low as .4395. Lets see what happens if/when it gets to the DP around .4400. If we finish the day sliding on the DOW, Asian stocks might well follow & E/U will keep on going down....

Good Luck!
"If The Fool persists in his Folly he will become wise." - William Blake
  • #128,664
  • Aug 5, 2009 2:48pm Aug 5, 2009 2:48pm
Quoting Byrd
Depending on the leverage you used, sit tight for the next couple days and it'll pay off big.

What I've done is whenever it's passed through my sell position at least 20pips, I put a +1pip BE SL and wait and see. If it blows through my stop I reenter higher and repeat the process. Keep repeating the cycle till it sticks for 60+. It'll come.
I remember you saying you sold yesterday at what was it again? 4372 and 4390?

I have one short at 4380ish and then another one at 4430.
  • #128,665
  • Aug 5, 2009 2:49pm Aug 5, 2009 2:49pm
my sell order triggered at 1.4440..stop loss is at 1.4470..first take profit is 1.4340..and second is at 1.4140..we will see a good bearish movement in next two days..
  • #128,666
  • Aug 5, 2009 2:51pm Aug 5, 2009 2:51pm
Quoting Msattar
we will see a good bearish movement in next two days..
What do you think about this ? Anything ?
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  • #128,667
  • Aug 5, 2009 2:52pm Aug 5, 2009 2:52pm
Quoting OleMiss
I have one short at 4380ish and then another one at 4430.
Yea I got rid of both at +1 reentered higher. I don't know what kind of margin level you're looking at. But if you're hurting I'd wait for price to hit 1.4380 and get out of that trade at BE and hold the 4430 to ride. Patience is going to be key to when riding this thing down.
  • #128,668
  • Aug 5, 2009 2:55pm Aug 5, 2009 2:55pm
Quoting Byrd
Yea I got rid of both at +1 reentered higher. I don't know what kind of margin level you're looking at. But if you're hurting I'd wait for price to hit 1.4380 and get out of that trade at BE and hold the 4430 to ride. Patience is going to be key to when riding this thing down.
Okay that's exactly what I'll do. I'm only trading like a 50 dollar account; this thing isn't to make money, it's for learning so I can eventually trade larger accounts. I just don't want to blow my entire account now and then have to put more money in because I'm poor right now.
  • #128,669
  • Aug 5, 2009 2:57pm Aug 5, 2009 2:57pm
Quoting Byrd
What I've done is whenever it's passed through my sell position at least 20pips, I put a +1pip BE SL and wait and see. If it blows through my stop I reenter higher and repeat the process. Keep repeating the cycle till it sticks for 60+. It'll come.

but don't forget you can always reverse position if PA favourable
  • #128,670
  • Aug 5, 2009 2:58pm Aug 5, 2009 2:58pm
Quoting OleMiss
Okay that's exactly what I'll do. I'm only trading like a 50 dollar account; this thing isn't to make money, it's for learning so I can eventually trade larger accounts. I just don't want to blow my entire account now and then have to put more money in because I'm poor right now.
haha, you scamp, I hope you hit it big so you can buy a burger & a Archie comic.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #128,671
  • Aug 5, 2009 3:01pm Aug 5, 2009 3:01pm
Quoting The Fool
haha, you scamp, I hope you hit it big so you can buy a burger & a Archie comic.
hahahaha is this the 1950s again?
  • #128,672
  • Aug 5, 2009 3:02pm Aug 5, 2009 3:02pm
Quoting The Fool
haha, you scamp, I hope you hit it big so you can buy a burger & a Archie comic.
Veronica, the one that played the keyboards, now that was a hot chic.
(even if she was just a comic book character)

I'll bet Betty had a few trick up her skirt too !
  • #128,673
  • Aug 5, 2009 3:03pm Aug 5, 2009 3:03pm
Quoting OleMiss
hahahaha is this the 1950s again?
lol somehow Oxford will always be stuck in the 50's, in my mind anyways...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #128,674
  • Aug 5, 2009 3:07pm Aug 5, 2009 3:07pm
Quoting The Fool
lol somehow Oxford will always be stuck in the 50's, in my mind anyways...
so true. The no alcohol on Sundays, no cold beer EVER, and the social class gaps (started in the 1950s but still in place) definitely make it feel that way.
  • #128,675
  • Aug 5, 2009 3:07pm Aug 5, 2009 3:07pm
Quoting toshi
Veronica, the one that played the keyboards, now that was a hot chic.
(even if she was just a comic book character)

I'll bet Betty had a few trick up her skirt too !
veronica was incredibly hot....I wouldn't be surprised if there's a sex tape somewhere haha.
  • #128,676
  • Aug 5, 2009 3:08pm Aug 5, 2009 3:08pm
Quoting Atlast

but don't forget you can always reverse position if PA favourable
Absolutely. I just have a hard time buying high and selling low.
  • #128,677
  • Aug 5, 2009 3:09pm Aug 5, 2009 3:09pm
Quoting Byrd
Absolutely. I just have a hard time buying high and selling low.
same...I absolutely hate taking losses. I need to learn though because, as I'm seeing right now, my positions can get out of hand in a hurry.
  • #128,678
  • Aug 5, 2009 3:22pm Aug 5, 2009 3:22pm
Quoting gatorinla
a few things that need to happen to give upper movement strength to continue much above 1.4444.. if we get above 1.4444.....nz above .6773 au above .8476 these for comoditys..usd/chf well you know why (below 1.0527). gu above 1.7047. usd dollar index below 77.40.

s/p above 1022.79 opens the gate, but could happen without it...so bounces are expected at any of these areas above... if all rejected well you know what happens...dont count your chickens till they shit on the porch.. IMFUO.. looks like we will know soon.... not long term but should...
wall 1.4444
those who can, do. those who cant, talk about those who can
  • #128,679
  • Aug 5, 2009 3:28pm Aug 5, 2009 3:28pm
Quoting The Fool
haha, you scamp, I hope you hit it big so you can buy a burger & a Archie comic.
Archie comic, I haven't heard that name for donkey's years. Takes me back, don't remember any of it though.
  • #128,680
  • Aug 5, 2009 3:30pm Aug 5, 2009 3:30pm
Quoting gatorinla
wall 1.4444
hoping it's made of bricks and not paper.
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