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  • #236,841
  • May 5, 2010 1:49pm May 5, 2010 1:49pm
as said before this move will not be found on a daily or weekly.

pull up 40 years worth..
those who can, do. those who cant, talk about those who can
  • #236,842
  • May 5, 2010 1:49pm May 5, 2010 1:49pm
Closed out $eurusd short +31 pips gained.
  • #236,843
  • May 5, 2010 1:50pm May 5, 2010 1:50pm
Quoting dean walker
Thanks but you do not understand my situation. However I very much agree with you as far as manual trading goes..
What happened to me was a "act of god" he must be really pissed at me..
dean
God doesn't need to trade forex man. I know you're kidding but we have to learn to admit that we were WRONG on our trades/EA setups(whatever).

It's in the first set of almost any good traders "rules'...let your winners run and cut your losers. no one is pissed at you, there has to be a buyer for the seller. next time sell to sky instead of buying from us.
You MUST REALIZE that God or luck or anything like that has nothing to do with your trades.


edit: in regards to that short I said I'm letting run, it's at +50 now so I'm locking in 25 pips
  • #236,844
  • May 5, 2010 1:51pm May 5, 2010 1:51pm
the fun thing is that some of us are living in EU, doesn't that mean that if this continues prices will increase here?
  • #236,845
  • May 5, 2010 1:51pm May 5, 2010 1:51pm
Quoting fxprocessor
This break of the trendline on the 5 minute chart provided a great re-entry back in with the trend.

Initial 15 pip stop loss now sat on approx 3 x R. No intention on taking profit so stop at BE and let it run or die :-)
Took the same trade but based on a spinning top on the h1 chart. About 5 different signals said "BUY" but I shorted and now I'm 60 pips green and counting

I guess there are times when indicators just don't work and common sense has to take over your trading. I won't be buying yet bc: 1) Germany still has to approve greek bail-out. 2) Ashes again over Europe could shut down airplanes.

BTW, WTF happened to UJ??? it's down 110 pips so far!!! Does anyone think Tokyo session will bring it back up after the holiday?
  • #236,846
  • May 5, 2010 1:52pm May 5, 2010 1:52pm
Whatever good the prospects of the bear I closed all shorts here now at 15 .good luck to all of you . see you next morning again .2nd set done successfully not with 100s pips thought but ok .

fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #236,847
  • May 5, 2010 1:52pm May 5, 2010 1:52pm
malcom still accumulating, lol,
c u at 1 euro, or may be there will be no euro and each country will be back to its own currency
  • #236,848
  • May 5, 2010 1:53pm May 5, 2010 1:53pm
Quoting fontu
Whatever good the prospects of the bear I closed all shorts here now at 15 .good luck to all of you . see you next morning again .2nd set done successfully not with 100s pips thought but ok .

fontu

Nice day Fontu! take care man, we'll cya soon
  • #236,849
  • May 5, 2010 1:53pm May 5, 2010 1:53pm
At Dean Walker:

Nison himself will tell you: http://www.candlecharts.com/highlights/TM/
  • #236,850
  • May 5, 2010 1:55pm May 5, 2010 1:55pm
For those that might have a interest,,
I mostly trade with a EA I made. It makes good money and is reliable.
I know all that stuff about mannual trading etc. not a help really.

What happen was this yesterday everything was going ok I was close to a 20% draw down now what I do with my EA few people do but it keeps me in profit all the time(this week we need to see)
So what I do when my account hits 20% I turn the EA off,and immediately throw in a wedge to lock the equity. Yesterday at 20% I would have had over $11,000 in equity but it was not going to happen as luck turn bad I lost my internet connection for 40 mins this was just enough time to go from 20% to 60%!
So I first put in a wedge to lock down the 40%

Now what I am left with is having to trade out over $11,000 in floating draw down. Now my Hedge is 12,7 lots same as my trades of course. The only way I know how to so this is manually trade out lot by lot. It's going to take forever though I will not lose but I will sure be working through next week or maybe more..
Dean
  • #236,851
  • May 5, 2010 1:56pm May 5, 2010 1:56pm
hi . I am going short.. good idea ?
  • #236,852
  • May 5, 2010 1:58pm May 5, 2010 1:58pm
Well the only blame I can find in myself for this happening is I did not have a back up internet plan. I thought that having a vps was enough..
It's still god fault lol
dean


Quoting uraceulose
God doesn't need to trade forex man....
  • #236,853
  • May 5, 2010 2:00pm May 5, 2010 2:00pm
Quoting JasonGuillen
I want you to realize something.

By hedging, you have "agreed" to only use a certain amount of your equity. Say you have 5K and then you are down 2K. You hedge.

Regardless of whether you Hedge or not, you ONLY have 3K worth of equity to use. YOUR OTHER MONEY IS UNAVAILABLE FOR TRADE. There is no difference between a hedge and a loss, except between your ears.

IF you hedge, you are stressing about where to release it, If you are wrong, you can lose more. If you let it go, you can just take a day, refocus, then make money.

Let it go. Start...
good post. i totally agree.

maybe tts the reason, i tell my friends not to hedge altho hedging is within my trading plan.

how to say, once u start hedging, many other factors comes into consideration, and it could(likely) increased the risks. well, at least what i could recommend, is make sure your mm n order management are gd, b4 you attempt hedging.
  • #236,854
  • May 5, 2010 2:01pm May 5, 2010 2:01pm
I hope this thing can break down through 1.2800 ...
  • #236,855
  • May 5, 2010 2:01pm May 5, 2010 2:01pm
Quoting fontu
Whatever good the prospects of the bear I closed all shorts here now at 15 .good luck to all of you . see you next morning again .2nd set done successfully not with 100s pips thought but ok .

fontu

nice!! and good night to you. me too by the way.

finally bite the bullet and jump aboard the ride down at 1.2861, closed 2 at 1.2820 (banked in 82 pips) and leaving 2 with sl at 1.2840 (lock in 42 pips) and tp 1.2740. euro seems wanting to tell the top brass in ez something. something to sit up and act.


regards,
eg
loss 100k in Forex, up 1k, still have 99% to go!!
  • #236,856
  • May 5, 2010 2:02pm May 5, 2010 2:02pm
Quoting jakefx
hi . I am going short.. good idea ?
for myself, i wont.

waiting

waiting for it to go up a little more. it's too deviated now. for myself at least.
  • #236,857
  • May 5, 2010 2:03pm May 5, 2010 2:03pm
Yes it can but not the way I do it and I appreciate all the help really I do. I just wish it was not so much to trade out..

I have never lost on a hedge it's near impossible to do so the way I use it..but it will take a lot of time to recover..
dean


Quoting Clairvoyant

how to say, once u start hedging, many other factors comes into consideration, and it could(likely) increased the risks. well, at least what i could recommend, is make sure your mm n order management are gd, b4 you attempt hedging.
  • #236,858
  • May 5, 2010 2:05pm May 5, 2010 2:05pm
Wait to see if the 4h candle closes below 1.2819. If it does I will add more shorts.
  • #236,859
  • May 5, 2010 2:06pm May 5, 2010 2:06pm
Buy limit .2805 SL 2795 DEMO gamble
Founder of Sutherland Wave Principle
  • #236,860
  • May 5, 2010 2:06pm May 5, 2010 2:06pm
Quoting ziko123
malcom still accumulating, lol,
c u at 1 euro, or may be there will be no euro and each country will be back to its own currency

just asking, what will happen to those ppl that short eu? and an evenmore important question, what happen to those that long eu???
loss 100k in Forex, up 1k, still have 99% to go!!
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