EURUSD | Page 8537 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #170,721
  • Dec 10, 2009 12:32pm Dec 10, 2009 12:32pm
very rich ?
  • #170,722
  • Dec 10, 2009 12:32pm Dec 10, 2009 12:32pm
out...very
Quoting Pln
very rich ?
  • #170,723
  • Dec 10, 2009 12:36pm Dec 10, 2009 12:36pm
still waiting for a blow up top....tick tock
  • #170,724
  • Dec 10, 2009 12:37pm Dec 10, 2009 12:37pm
Quoting Driver55

do not say it aloud. otherwise they notice it
LOL, seriously though... im trying to protect a terrible trade, which I believe will recover because of the 14670 support level that has solidified over the last 24 hours. However, my so called "beliefs" are what caused me to be in this situation in the first place so I am trying to gather as much information as I can to make a better educated decision. My account is already down 65% from my original deposit over the last couple days, as my attempts to hedge this 400 pip freefall have taught me yet another expensive lesson in my year of trading.

Ive gone through this before, loosing 33% of original balance only to gain 150% from that point, but this ... this is different. None of the technicals I use justified this freefall and my blind faith in my so called "system" has rattled my faith altogether. I still am LONG bias, but were at a critical point right now and I am trying to figure out if I should cut my losses now or hold on for the expected rebound back up to 1.5+.
  • #170,725
  • Dec 10, 2009 12:37pm Dec 10, 2009 12:37pm
Quoting harpersindex
nice 6 pips
obviously the market is dormant now for 2 days and then your 6 pips are good, but if I had to be right, this is the beginning of wave 3 on USDCHF.


the logical consequence can be inferred from you.
The best thing that can happen to you is to find out where you're wrong.
  • #170,726
  • Dec 10, 2009 12:40pm Dec 10, 2009 12:40pm
i hear ya. but if these levels start working. it will be nice............
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 13 KB
those who can, do. those who cant, talk about those who can
  • #170,727
  • Dec 10, 2009 12:40pm Dec 10, 2009 12:40pm
actually 8. not into waves. but still have several longs for the upside
Quoting Driver55
obviously the market is dormant now for 2 days and then your 6 pips are good, but if I had to be right, this is the beginning of wave 3 on USDCHF.


the logical consequence can be inferred from you.
  • #170,728
  • Dec 10, 2009 12:40pm Dec 10, 2009 12:40pm
Quoting Exsilium
LOL, seriously though... im trying to protect a terrible trade, which I believe will recover because of the 14670 support level that has solidified over the last 24 hours. However, my so called "beliefs" are what caused me to be in this situation in the first place so I am trying to gather as much information as I can to make a better educated decision. My account is already down 65% from my original deposit over the last couple days, as my attempts to hedge this 400 pip freefall have taught me yet another expensive lesson in my year of trading.

Ive...

The big push for this weeks direction will be tonight's news, if the industry numbers from China come out better then forecasted it shows that the Chinese economy is growing despite the cheap dollar and that could give this the impetus to move us back up away from this retracement.

The words donkey and stone come to mind though, am not going to teach you how to suck eggs, but cut your losses a bit sooner....
  • #170,729
  • Dec 10, 2009 12:41pm Dec 10, 2009 12:41pm
Quoting fontu
Its ok , my lines are not ,no problem . I am just fine with it no accurecy matters /neccessary , price action is price action .
fontu
I agree with you bro
I think E/U will go 1.49
  • #170,730
  • Dec 10, 2009 12:42pm Dec 10, 2009 12:42pm
I think we are at the crossroads.... that's why...

Quoting Exsilium
LOL, seriously though... im trying to protect a terrible trade, which I believe will recover because of the 14670 support level that has solidified over the last 24 hours. However, my so called "beliefs" are what caused me to be in this situation in the first place so I am trying to gather as much information as I can to make a better educated decision. My account is already down 65% from my original deposit over the last couple days, as my attempts to hedge this 400 pip freefall have taught me yet another expensive lesson in my year of trading....
  • #170,731
  • Dec 10, 2009 12:42pm Dec 10, 2009 12:42pm
get out if it bothers you.
Quoting Exsilium
LOL, seriously though... im trying to protect a terrible trade, which I believe will recover because of the 14670 support level that has solidified over the last 24 hours. However, my so called "beliefs" are what caused me to be in this situation in the first place so I am trying to gather as much information as I can to make a better educated decision. My account is already down 65% from my original deposit over the last couple days, as my attempts to hedge this 400 pip freefall have taught me yet another expensive lesson in my year of trading.

Ive...
  • #170,732
  • Dec 10, 2009 12:44pm Dec 10, 2009 12:44pm
i don't get hedges. is it me or does anyone else find them useless?
  • #170,733
  • Dec 10, 2009 12:46pm Dec 10, 2009 12:46pm
isn't it better to just get out than make things more complicated?
  • #170,734
  • Dec 10, 2009 12:50pm Dec 10, 2009 12:50pm
Quoting Exsilium
LOL, seriously though... im trying to protect a terrible trade, which I believe will recover because of the 14670 support level that has solidified over the last 24 hours. However, my so called "beliefs" are what caused me to be in this situation in the first place so I am trying to gather as much information as I can to make a better educated decision. My account is already down 65% from my original deposit over the last couple days, as my attempts to hedge this 400 pip freefall have taught me yet another expensive lesson in my year of trading....
Let's say:
A action plan should you always have.
I understand that you are suffering, but in this situation I don't think there's anybody that can help. It's very subjective.

I have 4 long long-term position , at this moment, without despair.
The only thing I can say is, even before enter the market, you must have clearly in mind where you must stop.
otherwise the market, sooner or later, overwhelm you.
The best thing that can happen to you is to find out where you're wrong.
  • #170,735
  • Dec 10, 2009 12:51pm Dec 10, 2009 12:51pm
Quoting harpersindex
i don't get hedges. is it me or does anyone else find them useless?
I hedge with options, but I don't really see the point in hedging with same/correlated currencies. Just take loss and reopen when comfortable
  • #170,736
  • Dec 10, 2009 12:53pm Dec 10, 2009 12:53pm
key words..."plan" and "without despair"


Quoting Driver55
Let's say:
A action plan should you always have.
I understand that you are suffering, but in this situation I don't think there's anybody that can help. It's very subjective.

I have 4 long long-term position , at this moment, without despair.
The only thing I can say is, even before enter the market, you must have clearly in mind where you must stop.
otherwise the market, sooner or later, overwhelm you.
  • #170,737
  • Dec 10, 2009 12:54pm Dec 10, 2009 12:54pm
yeah, i just trade euro...hedging is too complicated for me
Quoting Protogenos
I hedge with options, but I don't really see the point in hedging with same/correlated currencies. Just take loss and reopen when comfortable
  • #170,738
  • Dec 10, 2009 12:55pm Dec 10, 2009 12:55pm
Quoting harpersindex
i don't get hedges. is it me or does anyone else find them useless?
I think technicall its called counter-hedging... i dont enter trades counter to existing trade, i add to the position as the price moves opposite of the open trade, thereby lowering the average entry point. Doing this I had lowered the average entry from 15060 to 14890 which is more likely to be hit than 15060 enabling me to break even.
  • #170,739
  • Dec 10, 2009 12:57pm Dec 10, 2009 12:57pm
you add to losing positions?!? why!?!

Quoting Exsilium
I think technicall its called counter-hedging... i dont enter trades counter to existing trade, i add to the position as the price moves opposite of the open trade, thereby lowering the average entry point. Doing this I had lowered the average entry from 15060 to 14890 which is more likely to be hit than 15060 enabling me to break even.
  • #170,740
  • Dec 10, 2009 12:59pm Dec 10, 2009 12:59pm
Quoting Exsilium
I think technicall its called counter-hedging... i dont enter trades counter to existing trade, i add to the position as the price moves opposite of the open trade, thereby lowering the average entry point. Doing this I had lowered the average entry from 15060 to 14890 which is more likely to be hit than 15060 enabling me to break even.

Adding to a loser so it looks better on paper? Just cut it loose.
647 traders viewing now