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EURUSD

  • #179,121
  • Jan 8, 2010 11:41am Jan 8, 2010 11:41am
Quoting balance
maybe obama says something
low impact, I suppose
Don't give up
  • #179,122
  • Jan 8, 2010 11:41am Jan 8, 2010 11:41am
10 lots is a huge pile of dow, man!

100 pips (give or take) x 100$ per pip = f*ck! lots of money man!!!!!!!!

and i think i like risking!!!!!!

really wish it turns to your side and that you learn from it not to do that again!

Quoting balance
i am short with 10 lots from 320 , still i hope , maybe obama says something like sell or i dont know , wright now i can hear my heart beats
dreams do come true.
  • #179,123
  • Jan 8, 2010 11:42am Jan 8, 2010 11:42am
Quoting balance
i am short with 10 lots from 320 , still i hope , maybe obama says something like sell or i dont know , wright now i can hear my heart beats
please ... 10 lots .... are serious please
The best thing that can happen to you is to find out where you're wrong.
  • #179,124
  • Jan 8, 2010 11:43am Jan 8, 2010 11:43am
thank you all for the suport , after i am done with this order , it's a sure thing the the prime concern is to play in stop loss
  • #179,125
  • Jan 8, 2010 11:45am Jan 8, 2010 11:45am
bal... im short also from 4423 but doubt obo will say anyhing to strengthen the dollar

edit:but lets hope for the change
  • #179,126
  • Jan 8, 2010 11:46am Jan 8, 2010 11:46am
Quoting Seatrade
bal... im short also from 4423 but doubt obo will say anyhing to strengthen the dollar

edit:but lets hope for the change
u know miracles happen every day , even here on forex
  • #179,127
  • Jan 8, 2010 11:47am Jan 8, 2010 11:47am
To all the pros out there: in a situation like balance is right now shouldn't he be more worried about minimizing loss? it may come down to him but still we are going up. if EU goes past 1.444 it might continue, right? wouldn't it be best to put a SL at right above that level?

(maybe i shouldn't be talking about this as he is trading real money and i don't wan't him to say i influenced him...)
dreams do come true.
  • #179,128
  • Jan 8, 2010 11:49am Jan 8, 2010 11:49am
Quoting balance
thank you all for the suport , after i am done with this order , it's a sure thing the the prime concern is to play in stop loss
balance this could go to 1.45 1.4570 area you ve got to cover up and wait for it to go down may be next week but now take some shorts out to keep your account or get extra money in to cover the position
  • #179,129
  • Jan 8, 2010 11:52am Jan 8, 2010 11:52am
what have I done? This market is right where it was Monday the bouncing around 4400 level
  • #179,130
  • Jan 8, 2010 12:00pm Jan 8, 2010 12:00pm
410 was a tough one
  • #179,131
  • Jan 8, 2010 12:04pm Jan 8, 2010 12:04pm
Quoting balance
u know miracles happen every day , even here on forex
That's over 60% of your account! I won't say close, but really think if it's worth throwing it all away on one trade?! There are no guarantees, where it will go.

The only thing that a trader has effect on are his losses, and yours are huge! If it were me I'd get out and take the loss, but I guess it's really hard to do that right now.

(I've been in the same situation a few years ago, and before I exited I was down to 10% of my capital, it was a lession I never forgot, if I had closed earlier I would only have lost a few 10%, which was still a lot of money, and I'm talking in thousands of EURos, not some crappy small few hundred EUR account...). My advice to myself at that point would be close immediately...

PS: I'm still LONG EUR and I guess I'm not the only one in the world...
Greed and impatience are our greatest enemies.
  • #179,132
  • Jan 8, 2010 12:05pm Jan 8, 2010 12:05pm
USD Consumer Credit m/m RED ACTUAL - RED ( -17.5B)
Nothing happen?!
  • #179,133
  • Jan 8, 2010 12:15pm Jan 8, 2010 12:15pm
i still have the hope , i trade for about a mount now , in the first night o trading i was down 25% of the acount but i didnt close the order in the morning i was on profit , i have to hope for the better at 60-70% loss what do i have left ? 30 % ? it's very dificult to stop...like my hand freezes on the close button , in this situation i'm in is better dead that cripled
  • #179,134
  • Jan 8, 2010 12:19pm Jan 8, 2010 12:19pm
Quoting AnonYmos
so far nothing has really changed. the flag is still there. and as u can see on a daily the entire nfp hype doesn't look very dramatic. am still short but it's a risk free pos.
Ok ,thanks! safe to go short now?
  • #179,135
  • Jan 8, 2010 12:25pm Jan 8, 2010 12:25pm
Breaking News: pres obo has just announced wind and solar jobs for all!!

get some!
  • #179,136
  • Jan 8, 2010 12:26pm Jan 8, 2010 12:26pm
Today is over. See you next week.
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  • #179,137
  • Jan 8, 2010 12:30pm Jan 8, 2010 12:30pm
I'd say stay away..market is tough atm, you'd better wait for better opportunity.
  • #179,138
  • Jan 8, 2010 12:32pm Jan 8, 2010 12:32pm
see the news , obama has hope for the future , bet the majority of american do so , here is a miracle
  • #179,139
  • Jan 8, 2010 12:32pm Jan 8, 2010 12:32pm
Still have 1/2 hour.. EU could drop here 15-20 pips.. will close it

before 4PM. Quick scalp.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #179,140
  • Jan 8, 2010 12:33pm Jan 8, 2010 12:33pm
Quoting balance
i still have the hope , i trade for about a mount now , in the first night o trading i was down 25% of the acount but i didnt close the order in the morning i was on profit , i have to hope for the better at 60-70% loss what do i have left ? 30 % ? it's very dificult to stop...like my hand freezes on the close button , in this situation i'm in is better dead that cripled
Well please consider that december was very specific, and the last days we had we were ranging. We might be going into trend (up or down, we'll see) movement again and if it's up, you'll end up with a huge loss, or even with a margin call and complete loss.

If it goes your way, then you'll be ok, but no matter where the story goes, please reconsider the entries and exits and mostly stop losses! Every position should have one, unless of course you are using only leverage up to 2 or 3 and trading only the major pairs... depends on the trader, but a correct way for intraday trading is never to risk more than 0,25% account per position and not more than 1% of capital at any given moment, this can be done with positioning S/L's at break even and adding into trades or exiting and re-entering at more favorable prices.

Also your amount traded on a 10k account is way too much, you are using 100:1 leverage on a strong move, and that means one mistake and you are done with that amount of money. It might be a small amount for some, or large for others, in any way 10k EUR is not a small amount for an average person living on this planet, especially if it's lost in one day.

That's it from my side, I hope you do well in your trading career.
Greed and impatience are our greatest enemies.
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