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  • #238,261
  • May 6, 2010 10:41pm May 6, 2010 10:41pm
What's up people. What a crazy day it was eh? How'd everyone do? I take it if your still here you did alright lol. I'm going to take tomorrow off, good luck.
  • #238,262
  • May 6, 2010 10:41pm May 6, 2010 10:41pm
recovered some of the recent losses.
still a few wounded troops lying around.
scaling out, asian lunch soon, be back to ride with london.

defense mode...
wont be happy to see her trading below 2550.

greece = bear stearns....massive lol
http://www.bloomberg.com/apps/news?p...JMVkzk_k&pos=2

first move made by the tribes of the east
http://www.bloomberg.com/apps/news?p...Ll_aGg.s&pos=6

Quoting uraceulose
Holy crap PV!! i'm up over a thousand pips this week easy..for that few hours this morning bro, i musta made 45-60 pips 25-30 times. we knew it was coming, glad i was prepared and loaded up. for some reason I also only slept maybe 4-5 hours total so I've pretty much caught the whole move(I did miss the very beginning when we first bounced off the upper tl of that 4hr channel earlier this week)
the guys at work just couldn't understand why I had such a big grin on my face ALL DAY lol.

fantastic simply fantastic!
grats!
  • #238,263
  • May 6, 2010 10:42pm May 6, 2010 10:42pm
Quoting ak4x
from this moring...


Well, I didn't think They would take me so literally...

Lordy... what a mess. Just now getting the details about how the world nearly ended earlier today.

Fat finger syndrome.... Alrighty then. That explains it.

Should we take a Roll Call and see who's still here?
Lol, I can imagine quite a few people will be MIA from now on...

BTW, anyone else think PA is really strange still? I'm gonna call it a night and check out the carnage tomorrow...

Was pretty deep in the sh*t myself but that almost 800 pip retrace in the G/J put me in the positive
  • #238,264
  • May 6, 2010 10:45pm May 6, 2010 10:45pm
Quoting realjumper
Well I certainly hope that people got caught on the right side of that, and no one had a visit from mister margin call today.......just show the very reason that stops are vital....imho
Stop loss are important. Anybody who got margin called today either didn't use stops properly or is overtrading or is overleveraged and/or has too small of an account. Hopefully for their sake they learned a lesson.
  • #238,265
  • May 6, 2010 10:46pm May 6, 2010 10:46pm
Quoting SeerEye
Woulda loved to have been a fly on the wall in that trading room today - "Elroy - what the f*ck did you just do?" - "uh - I dunno boss.......... oops." "I thought you still had me on demo!"

I know!! If that was really the way it went down man...i kept just picturing the schmoe sitting at his terminal/desk with his face in his hands there for awhile..
all the headlines on reuters/yahoo/bloomberg with the pictures of the floor guys with their hands on their heads going WTF.
as many have said, today is probably the best example we'll get to see for awhile as to why it's smart to use stop losses and mm on every trade.

Edit: Thank you for the kind words Jest and 2+2 enjoy your day off bro!
  • #238,266
  • May 6, 2010 10:52pm May 6, 2010 10:52pm
Quoting ak4x
from this moring...


Well, I didn't think They would take me so literally...

Lordy... what a mess. Just now getting the details about how the world nearly ended earlier today.

Fat finger syndrome.... Alrighty then. That explains it.

Should we take a Roll Call and see who's still here?
think eurjpy thread would churn more interesting results.

Quote
Thank you for the kind words Jest

welcome!
had a run on the short side too since the 3280 retracement, i coupled it with a eur 3000 put. so technically im very short eur, but my option knocks out at 2500. So im buying eur now for all the wrong reasons!
  • #238,267
  • May 6, 2010 10:53pm May 6, 2010 10:53pm
Quoting uraceulose
Holy crap PV!! i'm up over a thousand pips this week easy..for that few hours this morning bro, i musta made 45-60 pips 25-30 times. we knew it was coming, glad i was prepared and loaded up. for some reason I also only slept maybe 4-5 hours total so I've pretty much caught the whole move(I did miss the very beginning when we first bounced off the upper tl of that 4hr channel earlier this week)
the guys at work just couldn't understand why I had such a big grin on my face ALL DAY lol.
Well done! Coin has that effect. Going to be really interesting to see what London does pre-NFP, particularly since it's already been released that it's a positive number.
  • #238,268
  • May 6, 2010 10:57pm May 6, 2010 10:57pm
Haha, you think EJ is fun? Check out dragon.

It moved some 400 pips in less then an hour. >>That<< is what I call a dragon lol.

They say the markets will push every button known to man. They were right literally and figuratively. Haha
  • #238,269
  • May 6, 2010 10:58pm May 6, 2010 10:58pm
Quoting mfoste1
anyone else looking for ej shorts around 117.81?

ill open 1/2 pos there, add on way down.....stops above 118.
maybe at 118.03
those who can, do. those who cant, talk about those who can
  • #238,270
  • May 6, 2010 10:59pm May 6, 2010 10:59pm
Quoting 2+2=4ex
What's up people. What a crazy day it was eh? How'd everyone do? I take it if your still here you did alright lol. I'm going to take tomorrow off, good luck.
mini lot recreactional college kid trader here i had 450 this morning started trading with 3 mini lots once i booked some profit....right before the new low was made... i accidently bought extra 3 lots when closing my position at 2536 (plattform error (i use forex.com online trading because i work .....it snapped, i closed it in a matter of 5 mins....wishing i would have held it...oh well....ended with 1185....

I so can not wait to get to the big leagues!!!http://cdn.forexfactory.com/images/icons/icon10.gif

staying out tomorrow to protect my gains http://cdn.forexfactory.com/images/icons/icon6.gif...wait for better PA i hate nfp i need the basic fundies and the euro has no stability right now.... note I trade recreationally but constantly follow the euro
  • #238,271
  • May 6, 2010 11:01pm May 6, 2010 11:01pm
Quoting jest1081
think eurjpy thread would churn more interesting results.
Funny thing was today was the first time I ever traded G/J. Went long at 136.65 lol...Took a quick look at the dailies and thought "No way this can go lower...."
  • #238,272
  • May 6, 2010 11:05pm May 6, 2010 11:05pm
Quoting PriceVolume
Well done! Coin has that effect. Going to be really interesting to see what London does pre-NFP, particularly since it's already been released that it's a positive number.
Yeah, i guess they had to pre-release some info this time..can't add more fuel to the fire with a "surprise".
  • #238,273
  • May 6, 2010 11:05pm May 6, 2010 11:05pm
Quoting noyoumaynot0
I so can not wait to get to the big leagues!!!http://cdn.forexfactory.com/images/icons/icon10.gif
If you trade aggressively enough to increase your balance by 550% within one day, you may be waiting awhile before you're in the big leagues.
  • #238,274
  • May 6, 2010 11:06pm May 6, 2010 11:06pm
Quoting gatorinla
maybe at 118.03
Hey Gator....does 2774 have any significance to you?
  • #238,275
  • May 6, 2010 11:16pm May 6, 2010 11:16pm
Now this is what I call falling off a table (or cliff):
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  • #238,276
  • May 6, 2010 11:17pm May 6, 2010 11:17pm
Quoting Mr J
If you trade aggressively enough to increase your balance by 550% within one day, you may be waiting awhile before you're in the big leagues.
You may have better luck at slots.

Without proper risk management you'll be in the 95% group in no time.

jh
  • #238,277
  • May 6, 2010 11:24pm May 6, 2010 11:24pm
Quoting PriceVolume
Hey Gator....does 2774 have any significance to you?
yes... 2766 may be a stop... so i place sl above.. i just gave someone that same number 5 m before i got your message
those who can, do. those who cant, talk about those who can
  • #238,278
  • May 6, 2010 11:28pm May 6, 2010 11:28pm
...
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  • #238,279
  • May 6, 2010 11:29pm May 6, 2010 11:29pm
Quoting Mr J
If you trade aggressively enough to increase your balance by 550% within one day, you may be waiting awhile before you're in the big leagues.
I was thinking the same thing. 550% - Chalk that one up as a blackjack.
  • #238,280
  • May 6, 2010 11:30pm May 6, 2010 11:30pm
Quoting gatorinla
yes... 2766 may be a stop... so i place sl above.. i just gave someone that same number 5 m before i got your message
Thanks Gator.
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