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  • #187,261
  • Jan 31, 2010 2:45am Jan 31, 2010 2:45am
Good morning!
  • #187,262
  • Jan 31, 2010 2:57am Jan 31, 2010 2:57am
sound nice, but there are many things that will help the USD to strengthen, and it will push the EUR to go more down.
Because Obama encouraging pushing all the firem to particepate in the economy ..
my support line is at 1.3751
  • #187,263
  • Jan 31, 2010 3:12am Jan 31, 2010 3:12am
Quoting TrooperCoope
Good morning!
Good morning TrooperCoope , wish all ok and ready for the war again. I just placed some pending sell orders befor ethe market close . not any good idea to me now .
fontu
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #187,264
  • Jan 31, 2010 3:42am Jan 31, 2010 3:42am
Quoting fontu
Yes checking now but why you remove the link from signature ? it is handy to see the site easily.
thanks ,
fontu
somebody complaining to twee due to promotion infraction and removed it is the only way to satisfy them...
  • #187,265
  • Jan 31, 2010 3:46am Jan 31, 2010 3:46am
Quoting fontu
Good morning TrooperCoope , wish all ok and ready for the war again. I just placed some pending sell orders befor ethe market close . not any good idea to me now .
fontu
fontu
Hi Fontu!

I doubt your pending orders will be a problem. Pull up a weekly chart. Almost everytime we had such a strong bearish candle, the following week made at least a lower low. We even dont have a lower wick. You should be fine, unless it were heavy loaded scalps I guess.

I have a busy week at university ahead of me. Not sure if I will find much time to trade.

Wherever it goes, good luck to you!
  • #187,266
  • Jan 31, 2010 4:46am Jan 31, 2010 4:46am
Hello my friends,

I'm back on the thread, been away for personal reasons for more than half a year, but I'm back, though with limited time due to a certification study I'm pursuing + a full day time job.
LOL yes a full day time job, which seems to be rare in the US lately.

My view on EU: Super Bearish.

Shamu

We might get a small retrace first because RSI seems quite oversold but it will go down imho
Attached Image (click to enlarge)
Click to Enlarge Name: eu 01-31-10 daily.gif Size: 25 KB
New voice message: Why are you calling me? If I need you, I'll call you!
  • #187,267
  • Jan 31, 2010 5:03am Jan 31, 2010 5:03am
Hello everyone, I m long at 13881, but I entered 1.1 lot and not 0.1 as I wanted.

Im -200 usd and have 20 pips to margin call.I belive that the market will move at least 20 pips to the north. It was my last money (1000 USD) My last chance.

I am unemployed and trading was my only chance. I was beginning to be profitable, but now I have nothing.
  • #187,268
  • Jan 31, 2010 5:27am Jan 31, 2010 5:27am
Quoting Apis19
Hello everyone, I m long at 13881, but I entered 1.1 lot and not 0.1 as I wanted.

Im -200 usd and have 20 pips to margin call.I belive that the market will move at least 20 pips to the north. It was my last money (1000 USD) My last chance.

I am unemployed and trading was my only chance. I was beginning to be profitable, but now I have nothing.
Sorry to hear about your predicament.

Win or lose in this particular trade, you must stop trading.

Read up on risk/money management. Take some time to do that - a week or so at least. Then if you must return to trading, do so with very small amounts - trade with sound money management and do that until you no longer make mistakes like this one. Only then may you increase your trade size - and only if you are trading profitably with good MM habits in force. You have to earn the right to trade large.

And don't feel too bad - everybody makes these kinds of mistakes when they are new to trading.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #187,269
  • Jan 31, 2010 5:45am Jan 31, 2010 5:45am
My English is poor. Sorry. I thought that I entered 0.1. My max risk is 2 to 3 percent to trade. I did not want to risk having 1.1 lot. In our country enough for me 400 usd / month to pay rent and food. If I lost this trade I lost all my money for trading and living. Is there any chance that the market turns? Or am I just after the opening of the market open a large short?
  • #187,270
  • Edited 6:29am Jan 31, 2010 5:54am | Edited 6:29am
Quoting Apis19
Hello everyone, I m long at 13881, but I entered 1.1 lot and not 0.1 as I wanted.

Im -200 usd and have 20 pips to margin call.I belive that the market will move at least 20 pips to the north. It was my last money (1000 USD) My last chance.

I am unemployed and trading was my only chance. I was beginning to be profitable, but now I have nothing.
I would set target at break even, we might have a small retrace when the market opens. Maybe you are lucky and get out of it with no pain.
But believe me, being long is the wrong direction at the moment.
Trade with the trend or don't trade and take a day off.

And, by the way, with a $1,000 account, even 0.1 lot is way toooo much to trade with. A 40 pip stop would set you back 4% of your capital. If that happens a few times you'll never recover.
Try to trade with micro lots until you prove you are profitable.

I wish you the best

Shamu.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #187,271
  • Jan 31, 2010 5:56am Jan 31, 2010 5:56am
Quoting grashid
somebody complaining to twee due to promotion infraction and removed it is the only way to satisfy them...
its not fair
  • #187,272
  • Jan 31, 2010 5:58am Jan 31, 2010 5:58am
Quoting fontu
Good morning TrooperCoope , wish all ok and ready for the war again. I just placed some pending sell orders befor ethe market close . not any good idea to me now .
fontu
fontu
hi fonto hoe r you . so you dont see any chance for longs to play and that s sad be careful
  • #187,273
  • Jan 31, 2010 6:17am Jan 31, 2010 6:17am
I use SL 15 pips, last mont I was + 400 pips, but I must all 400 usd profit use for rent and food, now if i lost my capital i cant trade and I must borrow money from bank.

Quoting KillerWhale
I would set target at break even, we might have a small retrace when the market opens. Maybe you are lucky and get out of it with no pain.
But believe me, being long is the wrong direction at the moment.
Trade with the trend or don't trade and take a day off.

And, by the way, with a $1,000 account, even 0.1 lot is way to much to trade with. A 40 pip stop would set you back 4% of your capital. If that happens a few times you'll never recover.
Try to trade with micro lots until you prove you are profitable.

I wish you the best

Shamu....
  • #187,274
  • Jan 31, 2010 6:39am Jan 31, 2010 6:39am
Attached Image (click to enlarge)
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  • #187,275
  • Jan 31, 2010 6:45am Jan 31, 2010 6:45am
Quoting nawafasad1
hi fonto hoe r you . so you dont see any chance for longs to play and that s sad be careful
Not true ,see my last chart 1.4073/4273/4447 or even higher at long targets are far away than bear target 1.38.04/1.3737/1.3626 and so next play long soon.But as bear is strong & more to go down long targets can be limited .
Thanks ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #187,276
  • Jan 31, 2010 6:53am Jan 31, 2010 6:53am
Quoting TrooperCoope
Hi Fontu!

I doubt your pending orders will be a problem. Pull up a weekly chart. Almost everytime we had such a strong bearish candle, the following week made at least a lower low. We even dont have a lower wick. You should be fine, unless it were heavy loaded scalps I guess.

I have a busy week at university ahead of me. Not sure if I will find much time to trade.

Wherever it goes, good luck to you!
That is why it may not retrace a bit & continue down to finish the journey as soon as possible , market is in hurry to do that . Every time when market behave this way gave out the signal that this particular movement is going to fuse soon , abc limited or no d & go.& if so then my sell orders may not activated first hand & but while start big retracement activate & continue opposite direction before have the chance to delete or even see.Anyway I dont expect it will happen overnight & will have the time to manage next morning ,lowest pending at 1.3897, very smal lot , highest 1.3843.
Thanks ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #187,277
  • Jan 31, 2010 6:56am Jan 31, 2010 6:56am
Highlighted area shows where I will be looking for a short entry / scalp, based on the m5 price action. Unless the bears accelerate for new lows, it will probably be near the 50% fib of fridays trading range...

blue horizontal lines: m5 S/R
golden horizontal lines: m60 S/R
Attached Image (click to enlarge)
Click to Enlarge Name: chart12.jpg Size: 252 KB
  • #187,278
  • Jan 31, 2010 7:49am Jan 31, 2010 7:49am
Okay understood I am in deep dodo. Could someone please tell me how I may correct this. It does seems that the consensus of all the traders here is the eur/usd is going south to 1.3700 and beyond.
I am looking for the best play here and would truly appreciate some options so I can choose. I have another account with $9000.

My account with the EA is in a draw down of $3770 if the market opens at current level I can mannualy close off those trades and take the hit saving most of my equity. At the same time go short with both accounts with 1 lot each.
or
I could wait to see if we have 40-50 pip retracement and if it fails then go short with 1 lot on the other account.

I am sure more experience traders may have other options. I am not asking what to do but the option that may have the greatest probably of saving me here.
thank you very much
Randy






Quoting malcolmb14
randy

does not look good for you to be honest

you may see some form of bounce. but seem we are very bearish and closed on lows of day Friday with out any of the usual profit taking bounce.

there has been some high volume buying on 4 hour at 1.3858 , which is capped on up side at 1.3889 . If we get back above 1.3889 then we may see move into 1.3980 9 upper value area friday)

however i hate to say this but eu is really sell rallies till we get strong reversal on daily

Attachment
One good turn gets most of the blankets.
  • #187,279
  • Jan 31, 2010 8:03am Jan 31, 2010 8:03am
Quoting randy1953
Okay understood I am in deep dodo. Could someone please tell me how I may correct this. It does seems that the consensus of all the traders here is the eur/usd is going south to 1.3700 and beyond.
I am looking for the best play here and would truly appreciate some options so I can choose. I have another account with $9000.

My account with the EA is in a draw down of $3770 if the market opens at current level I can mannualy close off those trades and take the hit saving most of my equity. At the same time go short with both accounts with 1 lot...
Dude, it seems that you are trying to recover all in a single shot; this can lead you to the SAME MISTAKE. Look for a clearer opportunity and stick to your MM and RR ratio. If you are willing to take the hit is better to start from scratch and look for a slowly but surely recovery.
  • #187,280
  • Jan 31, 2010 8:49am Jan 31, 2010 8:49am
Quoting grashid
somebody complaining to twee due to promotion infraction and removed it is the only way to satisfy them...
This is unfortunate someone complain , may be due paid services specially & broker links may have caused it.
Anyway I will check it to see your views there .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
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