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  • #162,461
  • Nov 17, 2009 10:21am Nov 17, 2009 10:21am
Quoting Exsilium
I have already averaged down as much as I can without risking a margin call with another major movement down. The downward momentum has let up a little, right around the support area. If it goes lower than 1.48 ill have to start closing partial postions to maintain margin. - Going to be a stressful day.

Yes, I know, Im way over leveraged. I got greedy and thought I could second guess the market.

Im afraid of SL's. Early on in my trading career my SL's would get hit...
Now you are suffering, because of that.
Do not do that again, OK!
  • #162,462
  • Nov 17, 2009 10:23am Nov 17, 2009 10:23am
Quoting Exsilium
I have already averaged down as much as I can without risking a margin call with another major movement down. The downward momentum has let up a little, right around the support area. If it goes lower than 1.48 ill have to start closing partial postions to maintain margin. - Going to be a stressful day.

Yes, I know, Im way over leveraged. I got greedy and thought I could second guess the market.

Im afraid of SL's. Early on in my trading career my SL's would get hit only for the very next bar things would turn around. Its one of the reasons I adopted...
what's your average position
  • #162,463
  • Edited 10:24am Nov 17, 2009 10:23am | Edited 10:24am
today was great day +361 pips time for my family now. as always thanks for your warm words and everybody is invited on my blog to find details. good luck
  • #162,464
  • Nov 17, 2009 10:26am Nov 17, 2009 10:26am
shorts closed at this level as I see price stall in m1, will wait how it acts here ,any bull or bear continuation with break of the sr .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #162,465
  • Nov 17, 2009 10:26am Nov 17, 2009 10:26am
omfg..my long is taking serious damage here..last week on fri..was already sky rocketting at that time and expected to have tp at the 1.5050 area, never made it..went down and then it made signs of recovery on monday, now back to its comfort zone..i got this damn feeling the bulls done for now...do not know how many would agree with me...but then again, i keep looking at the previous highs and console myself its gonna be fine..lol! Kill the dollar! Im sure many are with me!
  • #162,466
  • Nov 17, 2009 10:28am Nov 17, 2009 10:28am
i think it will go down a little more but that's just my opinion. It seems it was a good day for green pips
  • #162,467
  • Nov 17, 2009 10:28am Nov 17, 2009 10:28am
You people must learn when it is time to trade and time to stay out.
Entering longs here it is like playing Russian roulette and same for shorts.

Scalping here it is forbidden, and I am reading here I a out with +1 pips.

Time to won safe pips, was when price at above 1.5000, yesterday a lot of people praying to see that 1.5022 break, was not time for that.
  • #162,468
  • Nov 17, 2009 10:30am Nov 17, 2009 10:30am
Quoting Exsilium

Now that I think of it, I had a girlfriend over when I entered this trade.... haha just stupid...
Wow. I'll bet she was impressed !

Next time, just whip it out and see if the discussion turns to currency trading.
If it does, THEN open up the platform and pull out the charts.

If you're really cool, you can let your dick hang out while you blast off orders.

Some of us do that anyway, even if no one's watching.

Personally, I like to make sure I have an audience. I'll take the hand-held to Starbucks if I have too.

"...Trading naked, are we ?..." "yes Officer, as you can see I'm getting short right now....."


...just trying to cheer you up... Don't stess out because then you can easily compound your errors.
Check yourself and try to step back and look at this objectively.
You already know what to do, whether is hold or fold, you already know what is the best plan of action for you.
Don't let anyone influence you, you're in control of your own account.
  • #162,469
  • Nov 17, 2009 10:31am Nov 17, 2009 10:31am
Quoting BoredToLoose
You people must learn when it is time to trade and time to stay out.
Entering longs here it is like playing Russian roulette and same for shorts.

Scalping here it is forbidden, and I am reading here I a out with +1 pips.

Time to won safe pips, was when price at above 1.5000, yesterday a lot of people praying to see that 1.5022 break, was not time for that.
entering long scalp soon is like playing roulette as the house, so long you don't expect the jackpot
  • #162,470
  • Nov 17, 2009 10:32am Nov 17, 2009 10:32am
A tight stop might reap gas money

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Some drink at the fountain of knowledge. Others just gargle !
  • #162,471
  • Nov 17, 2009 10:32am Nov 17, 2009 10:32am
Quote

You people must learn when it is time to trade and time to stay out.
Entering longs here it is like playing Russian roulette and same for shorts.

Scalping here it is forbidden, and I am reading here I a out with +1 pips.

Time to won safe pips, was when price at above 1.5000, yesterday a lot of people praying to see that 1.5022 break, was not time for that.

Great Advice. At the moment, the best thing is to stay out to get a clear trend.
  • #162,472
  • Edited 10:45am Nov 17, 2009 10:32am | Edited 10:45am
zig or zag. both could be right or both could be wrong..this is why i aint trading.. shit or get off pot.. blue line could help everyone.. with more profit for winners or less loss for lossers. it makes everyone a winner.. im slighty on the shit in the woods side. but dont want leave nutz on barbwire fence with a horn in my ass.. so ill wait.. the early bird gets the shaft on this one no matter what side your on..
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those who can, do. those who cant, talk about those who can
  • #162,473
  • Nov 17, 2009 10:35am Nov 17, 2009 10:35am
Quoting Atlast
entering long scalp soon is like playing roulette as the house, so long you don't expect the jackpot
I am waiting to do a long too, but I prefer not to enter before my level that being "scalped"

all the best Atlast.
  • #162,474
  • Nov 17, 2009 10:35am Nov 17, 2009 10:35am
"So far EUR/USD is holding the 1.4825 level after testing it twice. This has brought the usual talk of Chinese buying, protecting the barriers at 1.4800. Makes sense to me. 1.4850 is modest resistance on rebounds near-term." (FOREXLIVE)
WHAT IS ALL ABOUT ? ANYONE KNOWS ?
  • #162,475
  • Nov 17, 2009 10:36am Nov 17, 2009 10:36am
Quoting Atlast
what's your average position
1.49592
  • #162,476
  • Nov 17, 2009 10:37am Nov 17, 2009 10:37am
The odds of the euro bouncing back sharply are very slim. If 1.4820/00 is a bottom the market will chop alot of wood before making a green candle tomorrow, imo/fwiw.
"Timing Is Everything. Really I Swear It Is"
  • #162,477
  • Nov 17, 2009 10:40am Nov 17, 2009 10:40am
Quoting Exsilium
1.49592
could be your lucky day.
careful though as breakout entry day traders levels could lead to follow thru if the bounce is not decisive
  • #162,478
  • Nov 17, 2009 10:41am Nov 17, 2009 10:41am
Texas how are your longs doing?
162212
161742
  • #162,479
  • Nov 17, 2009 10:43am Nov 17, 2009 10:43am
Quoting gatorinla
levels i find important. as where we currently are (4965). widder yellow number/lines should be stronger. use if like or throw away.
silly chart
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those who can, do. those who cant, talk about those who can
  • #162,480
  • Nov 17, 2009 10:45am Nov 17, 2009 10:45am
4830 a nice place to start building longs again... and I have done so with 1 position. 4750 area would be a FANTASTIC opportunity, but that may be wishful thinking. I will close out above 4950, as Central Bank intervention above 1.5000 is really screwing with the upside right now, so best to go ahead and lock in profits as we approach that number. If you are a Daily trader, no shorts should be considered until below 4625, safer below 4480.
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