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  • #153,901
  • Oct 19, 2009 6:54pm Oct 19, 2009 6:54pm
Quoting Duce
Add $10K to your account and wait for the turn around (in a week, month, year) and hopefully you'll get back to square one without a loss. Poor money management gets you everytime.
I will be careful. Thanks for showing concern.

Just one advise, kindly don't click the trades like we do for posting.
The Thief of Wall Street
  • #153,902
  • Oct 19, 2009 6:56pm Oct 19, 2009 6:56pm
Quoting wwwin
Not guessing on breakpoint...just waiting for it to happen...the longer it takes, the higher the entry.
Gd day.

I am waiting for the signal as well. Given the long build-up it is taking on its way to 1.5, I wouldn't be surprised that it may overshoot a little.

Hope it waits for me to finish my morning swim before big event starts.
  • #153,903
  • Oct 19, 2009 7:03pm Oct 19, 2009 7:03pm
Quoting Chicky
I will be careful. Thanks for showing concern.

Just one advise, kindly don't click the trades like we do for posting.
I don't mean to be an @ss, but I've preached the importance of MM before. I've been a newbie...heck, I still am compared to many of you here. But going -595 on a trade that's not a long term swing trade is crazy. It's this same newbie who, if by the grace of god, gets the trade to come back his/her way, will close it with a 10 pip gain, after having sweat it out for who knows how long.

Good luck.
Si vis pacem, para bellum.
  • #153,904
  • Oct 19, 2009 7:05pm Oct 19, 2009 7:05pm
Quoting perrier
Gd day.

I am waiting for the signal as well. Given the long build-up it is taking on its way to 1.5, I wouldn't be surprised that it may overshoot a little.

Hope it waits for me to finish my morning swim before big event starts.
I swim too...swimming is great for trading...what distance do you swim and how long does it take?
  • #153,905
  • Oct 19, 2009 7:07pm Oct 19, 2009 7:07pm
Quoting Duce
I don't mean to be an @ss, but I've preached the importance of MM before. I've been a newbie...heck, I still am compared to many of you here. But going -595 on a trade that's not a long term swing trade is crazy. It's this same newbie who, if by the grace of god, gets the trade to come back his/her way, will close it with a 10 pip gain, after having sweat it out for who knows how long.

Good luck.
Duce, your post was addressed to wrong audience. You replied to my post instead of that guy's. I just wanted to get some more information from him to see how bad was his situation.
The Thief of Wall Street
  • #153,906
  • Oct 19, 2009 7:10pm Oct 19, 2009 7:10pm
it warms my heart greatly that we are all so concerned about one new trader whose account is in danger..
  • #153,907
  • Oct 19, 2009 7:10pm Oct 19, 2009 7:10pm
Quoting syamjan
Guys,
i'm currently having 2 open short trades. one is -598 pips and the other -279 pips.. I used 0.5 size for each trade that total up my current lost around $44++.
i only have $8K in my account. I did a big mistake of not using SL.
Please advice whther i need to close one of the trades? Im really hoping that EU/USD will go down hard....

Please advice. appreciate it, thanks...
man look
u have one solution u cant lose all that money
u can buy now one contract equal on size to two = 1 $ of ur open shorts
i t will make no lose or profit but hold it
in my view its if get up more it will be end of it in 1.5018 and get down hard
hold from now long and get profit from long
and when it go down make 0.5 short

i make that to i have short 10 $ size in 1.4850
make long equal to short to hold mine from 1.4900
i will take profit from 1.5018 if go further . if start go down close long and start short again
i hope i give u help
  • #153,908
  • Oct 19, 2009 7:13pm Oct 19, 2009 7:13pm
Quoting Chicky
Duce, your post was addressed to wrong audience. You replied to my post instead of that guy's. I just wanted to get some more information from him to see how bad was his situation.
Chicky, I did that on purpose 'cause I wanted both my reply and yours posted together.

But no matter had bad his situation is...it could always be worse...and usually is.
Si vis pacem, para bellum.
  • #153,909
  • Oct 19, 2009 7:18pm Oct 19, 2009 7:18pm
USDX Weekly

Attached Image (click to enlarge)
Click to Enlarge Name: USDX-20OCT.PNG Size: 83 KB
Nothing worth having is easy.
  • #153,910
  • Oct 19, 2009 7:21pm Oct 19, 2009 7:21pm
Quoting trading801
it warms my heart greatly that we are all so concerned about one new trader whose account is in danger..
If by concern you mean hope that I get every last nickel out of that new trader's account, then you're absolutely correct.
Not all sins are created equal
  • #153,911
  • Oct 19, 2009 7:21pm Oct 19, 2009 7:21pm
Why EUR is showing signs of weakness against JPY? Is it to re-re-re-test 135.00 or a trouble in making for all EUR bulls?
The Thief of Wall Street
  • #153,912
  • Oct 19, 2009 7:24pm Oct 19, 2009 7:24pm
Quoting Jay Walker
If by concern you mean hope that I get every last nickel out of that new trader's account, then you're absolutely correct.

C'mon Jay, we all know that's just a bunch of boloney, you're giving more than you're getting
Traders are smartasses
  • #153,913
  • Oct 19, 2009 7:25pm Oct 19, 2009 7:25pm
It's like news years eve count down....9...8...7....6 pips to go

Any one think theres a ton of short orders waiting up there...
It's All About Attitude ...
  • #153,914
  • Oct 19, 2009 7:26pm Oct 19, 2009 7:26pm
Quote
If by concern you mean hope that I get every last nickel out of that new trader's account, then you're absolutely correct.

As a fairly new trader and long time lurker of FF, I have to say I think Jay is my hero. I will however, be trying to keep my nickles out of Jay's hands though...
  • #153,915
  • Oct 19, 2009 7:26pm Oct 19, 2009 7:26pm
Quoting Billser
It's like news years eve count down....9...8...7....6 pips to go

Any one think theres a ton of short orders waiting up there...

A nice level to *WATCH*, sellers and breakout traders, should be a fun ride, lot's of laundry will be done I guess
Traders are smartasses
  • #153,916
  • Oct 19, 2009 7:28pm Oct 19, 2009 7:28pm
Quoting Spsantos
C'mon Jay, we all know that's just a bunch of boloney, you're giving more than you're getting
I'm giving lots of time. But get paid handsomely in a weird way
Not all sins are created equal
  • #153,917
  • Oct 19, 2009 7:31pm Oct 19, 2009 7:31pm
Quoting BradN901CB
As a fairly new trader and long time lurker of FF, I have to say I think Jay is my hero. I will however, be trying to keep my nickles out of Jay's hands though...

welcome and Jay is my soul mate!



i wonder when it hits 1.5 and the floodgates of pending sell pending long stop loss take profit comes..

will MT4 show : no connection lol
  • #153,918
  • Oct 19, 2009 7:36pm Oct 19, 2009 7:36pm
  • #153,919
  • Oct 19, 2009 7:37pm Oct 19, 2009 7:37pm
Quoting trading801
it warms my heart greatly that we are all so concerned about one new trader whose account is in danger..
First of all, is he trading real money?

Secondly, risk reward and money management should go hand in hand. If not, then use a SL. Pretty basic stuff.
Si vis pacem, para bellum.
  • #153,920
  • Oct 19, 2009 7:39pm Oct 19, 2009 7:39pm
Quoting Duce
First of all, is he trading real money?

Secondly, risk reward and money management should go hand in hand. If not, then use a SL. Pretty basic stuff.
And if people don't follow that basic stuff, I have no qualms about taking everything they have in their account.

http://i34.tinypic.com/20t5rio.gif
Not all sins are created equal
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