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  • #236,861
  • May 5, 2010 2:07pm May 5, 2010 2:07pm
Quoting uraceulose
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...
Well said Donnie. It never hurts to pray, but forex is an unforgiving business. Exactly why you ALWAYS have to set up your trade in a manner that a run against you gets stopped early. for those of you struggling every day, the EA I have in my signature helps some with the stress. It is a very slow account grower, but it is relatively safe and easy to watch your trades. Now it won't help you if you are a good trader that makes 50+ pips a day, but if you're constantly losing, it is definitely worth using.

It isn't an EA I created (someone else did). I just found it and tested it for awhile. I now have it as one that I use on the side while I make my manual trades. If anything, the EA shows you how to be discipline and how a good r/r ratioed trade makes up some difference.
  • #236,862
  • May 5, 2010 2:07pm May 5, 2010 2:07pm
Quoting dean walker
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
Wow, that's really got to hurt, but I'll tell you this, after something like this you should consider entering some money management rules into your EA too. And one more thing, maybe it's written to work well in ranging markets but will underperform in trending markets like today, so you could also make some checks to find out when the conditions are good to to let it run and to turn it off.

One more thing though, have you tried your EA in other markets that are less volatile today, like Cable or Aussie?

Just my thoughts.
  • #236,863
  • May 5, 2010 2:07pm May 5, 2010 2:07pm
Quoting Clairvoyant
for myself, i wont.

waiting

waiting for it to go up a little more. it's too deviated now. for myself at least.
yep
I agree
  • #236,864
  • May 5, 2010 2:09pm May 5, 2010 2:09pm
Quoting dean walker
We can hope you can see on my chart the weekly channel is the yellow-gold,the daily is red and blue for 4hr.

The pa is clearly outside the weekly channel..
dean
Thanks ,true & another I see at the bottom blue coloured H4 one . Mine following still to go but risks still there for a bounce .

Anywa I did not close in normal situation , as do not want it open overnight when not able to see them , profit trades not want go loss ones .a double bottom may still bouce lower tf .
Thanks , see you all next day. good night.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #236,865
  • May 5, 2010 2:09pm May 5, 2010 2:09pm
if it stabilizes again around 1.2800 + should go up to test 1.2900 again

govt coalition has enough votes to get money disbursed to greece

Trichet to put blame on rating agencies bla bla
  • #236,866
  • May 5, 2010 2:09pm May 5, 2010 2:09pm
Quoting suthmo
Buy limit .2805 SL 2795 DEMO gamble

I un-clicked ignore to read one of your posts...I see the content is a lot more informing now when you post. lol. back to ignore
  • #236,867
  • May 5, 2010 2:10pm May 5, 2010 2:10pm
The poor, poor Euro
Attached Image (click to enlarge)
Click to Enlarge Name: strength.JPG Size: 48 KB
I trade what I see on my charts. Do Not listen to the Muppets.
  • #236,868
  • May 5, 2010 2:12pm May 5, 2010 2:12pm
I have a feeling price will have a hard time breaking through this http://chart.ly/dgbv8g Daily chart channel. With little market movement during the end of the US session I'm expecting price to stop around here and begin it's ranging or slowing bull up.
  • #236,869
  • May 5, 2010 2:12pm May 5, 2010 2:12pm
Remember as long as in trades you cannot have a loss..

Well MM with my EA will never work the way it is designed you wouldn't be able to get off the ground with it if you use trad. MM.

As I said I trade out of 20% hedges did that 2 times far this year but this one is lke 3 hedges in one!
dean




Quoting Djehuti
Wow, that's really got to hurt, but I'll tell you this, after something like this you should consider entering some money management rules into your EA too. And one more thing, maybe it's written to work well in ranging markets but will underperform in trending markets like today, so you could also make some checks to find out when the conditions are good to to let it run and to turn it off.

One more thing though, have you tried your EA in other markets that are less volatile today, like Cable or Aussie?

Just my thoughts.
  • #236,870
  • May 5, 2010 2:13pm May 5, 2010 2:13pm
Quoting uraceulose
I un-clicked ignore to read one of your posts...I see the content is a lot more informing now when you post. lol. back to ignore
  • #236,871
  • May 5, 2010 2:15pm May 5, 2010 2:15pm
Quoting Schminner
I hope this thing can break down through 1.2800 ...
Me too, cross my fingers and every other apendix in my body

... just don't let it drag UJ down with it.
  • #236,872
  • May 5, 2010 2:15pm May 5, 2010 2:15pm
Quoting evilglory
just asking, what will happen to those ppl that short eu? and an evenmore important question, what happen to those that long eu???
I would think they would phase out euro while introducing new currencies so euro probably still be around for awhile. You would still have EUR/USD exchange rate.
  • #236,873
  • May 5, 2010 2:15pm May 5, 2010 2:15pm
Quoting evilglory
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
Weldone ! me to satisfy with minimum pips for the accumulation of total 8 trades . yes patience do works most time .Hope not price bounced to 62 again tonight, not far away & from profit taling for bears.
goodnight .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #236,874
  • May 5, 2010 2:15pm May 5, 2010 2:15pm
right I think I mentioned blue 4 hr..anyhow have a good night yourself I will be here digging out..I hate it gets me so stressed 20% I expect but not this
oh well you need to pay back somehow I guess.thanks
dean


Quoting fontu
Thanks ,true & another I see at the bottom blue coloured H4 one . Mine following still to go but risks still there for a bounce .

Anywa I did not close in normal situation , as do not want it open overnight when not able to see them , profit trades not want go loss ones .a double bottom may still bouce lower tf .
Thanks , see you all next day. good night.
fontu
  • #236,875
  • May 5, 2010 2:16pm May 5, 2010 2:16pm
Quoting dean walker
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
ok, then it's not tt bad then. i tot you were in deep shit or something. haha.

manually trade it out then

don't worry, cox eventually you have a plan that works for you in the long run.
n get a backup internet. well speaking bout tt, i think i shld consider one too...
  • #236,876
  • May 5, 2010 2:17pm May 5, 2010 2:17pm
Quoting Vanhook2
The poor, poor Euro
Right, and there is different type of approach, to that, either

buy weak or buy strenght (buy low or buy high).. I'm always buying weakness, other than

strenght, cause things do change..

Stuck with the Long low is the one thing and stuck with the short at 1 year low is the other.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #236,877
  • May 5, 2010 2:19pm May 5, 2010 2:19pm
Quoting Djehuti
Me too, cross my fingers and every other apendix in my body

... just don't let it drag UJ down with it.
If this 1.2800 retest doesn't break I doubt their will be a third anytime soon.

This is why PA is having a hard time breaking 1.2800 http://chart.ly/dgbv8g
  • #236,878
  • May 5, 2010 2:20pm May 5, 2010 2:20pm
Thanks!I will look at it..
all advice like this is much appreciated..
dean






Quoting Clairvoyant
well, this is only what i think price might go as of now... i'm not vouching it'll defitnitely go there...

based on my charts now... i would release long at 1.289/1.29 and take short.
1.294/1.295 release long add short,
1.307/1.309 release long add short,
1.328/1.33 release long add short.

as of now, these prices are logical enough for me to take the trade.
if i took the first 2, then i need to reconfirm or make some adjustments to take my 3rd n 4th.
these are price zones, not pinpoint resistance line
  • #236,879
  • May 5, 2010 2:21pm May 5, 2010 2:21pm
Quoting dean walker
right I think I mentioned blue 4 hr..anyhow have a good night yourself I will be here digging out..I hate it gets me so stressed 20% I expect but not this
oh well you need to pay back somehow I guess.thanks
dean
Thanks , I escape todays deal & so no paying back & if any wrong to bear from todays close I will change the party next morning . I am so selfish .
Hope good trading for you & all. I am doing only one way to minimise any stress now-a-days.
fontu

sorry come back again , in m15 there occurs a sell setup perfection & due a retracement before further selling & so can go as high as 1.2887 again , enough for a daily close over 62. stay safe.
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #236,880
  • May 5, 2010 2:22pm May 5, 2010 2:22pm
Quoting Awesome
I would think they would phase out euro while introducing new currencies so euro probably still be around for awhile. You would still have EUR/USD exchange rate.

i mean if i short 1 lot, will i get to take $100,000 usd back? cos using normal short eu is using margin to sell euro for usd, since i "sold the euro and "got"100k usd, i will need to buy euro with usd to close trade. but if euro is no longer valid, there is nothing to buy!! therefor i keep the usd!!

sound logical? but basically it will never happen unless something big happen
loss 100k in Forex, up 1k, still have 99% to go!!
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