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  • #253,421
  • Jun 4, 2010 2:45pm Jun 4, 2010 2:45pm
Quoting uraceulose
careful with patterns and any trade at this hour
Yes mate agree with you, thx and by the way options are good to learn as you can only risk your initial outlay should you lose the trade, stick to straight option calls and puts first, as option spread trading takes a lot of time to learn.
Good luck mate
  • #253,422
  • Jun 4, 2010 2:46pm Jun 4, 2010 2:46pm
go go go go go!!!
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  • #253,423
  • Jun 4, 2010 2:46pm Jun 4, 2010 2:46pm
TP just hit that's my cue to call it the day. Have a nice weekend, read you all next week.
  • #253,424
  • Jun 4, 2010 2:49pm Jun 4, 2010 2:49pm
Quoting DMA Trader
You don't have to follow anyone.
You should trade what you see.
We are here for sharing ideas, setups, charts, fundies.

If you think there is anyone who made money following other trades you are wrong.
Nope ,didn't say have to.

I trade what I see on charts and use Gator ,ura-something ,mfoste ,thelastcoke and grashid for conformation.

Yes ,we should share ideas about forex related stuff ,but minosd post did not contribute to the forex discussion.
  • #253,425
  • Jun 4, 2010 2:50pm Jun 4, 2010 2:50pm
Quoting uraceulose
I will keep researching them, the same friend that I helped get out of the his blue chip stuff is the one whos helping me understand the options..
heck yeah mining is risky, i took a hit this week about 15 percent down on the Canadian one that I'm holding

edit: lets c where the dow closes
Dear,

I am very critical position, i have stock in hand at 1.226.

And my auto (levrage) closed point 1.166.

(means when euro touch 1.166 my position will be closed)

Right now i m standing on usd 2086 loosed!

any idea.. or suggestion are welcome.
Trade what you see, Not what you think.
  • #253,426
  • Jun 4, 2010 2:55pm Jun 4, 2010 2:55pm
Quoting khizer
Dear,

I am very critical position, i have stock in hand at 1.226.

And my auto (levrage) closed point 1.166.

(means when euro touch 1.166 my position will be closed)

Right now i m standing on usd 2086 loosed!

any idea.. or suggestion are welcome.
I didn't understood.

Could u explain it a bit different please
  • #253,427
  • Jun 4, 2010 2:56pm Jun 4, 2010 2:56pm
Quoting khizer
Dear,

I am very critical position, i have stock in hand at 1.226.

And my auto (levrage) closed point 1.166.

(means when euro touch 1.166 my position will be closed)

Right now i m standing on usd 2086 loosed!

any idea.. or suggestion are welcome.
i am sorry bud but there is really no way to predict what will happen over the weekend..we could easily gap 150 pips in either direction imo.
you have to pick you point BEFORE you take the trade where you're going to cut your loss. we are all wrong and right sometimes here so make sure to pre-determine your entry/exit/stop before you just sit down and click.
i would honestly close the trade man, it sucks but it will probably stress you the phuck out this weekend if you're overleveraged and worried about your trade.
good luck
  • #253,428
  • Jun 4, 2010 2:56pm Jun 4, 2010 2:56pm
Quoting khizer

any idea.. or suggestion are welcome.
Hard to advise and after all nobody knows what would happens..

Me personally I'd never sell here this is an absurd..

EUR net short position Decline significantly today to total 14.3B

I say we should go back to 1.20+ range next week, but this is

only me, don't listen and do what you would do. I would add money

buy more average and exit only on bounce..

1.22 very realistic target. IMHO
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  • #253,429
  • Jun 4, 2010 2:57pm Jun 4, 2010 2:57pm
Quoting SkyzerFX
Hard to advise and after all nobody knows what would happens..

Me personally I'd never sell here this is an absurd..

EUR net short position Decline significantly today to total 14.3B

I say we should go back to 1.20+ range next week, but this is

only me, don't listen and do what you would do. I would add money

buy more average and exit only on bounce..

1.22 very realistic target. IMHO
dude every chart above the 1 minute is in a downtrend. i'm not saying we don't get there but the FACT is that we are in a downtrend and the dow is tanking..
  • #253,430
  • Jun 4, 2010 2:59pm Jun 4, 2010 2:59pm
Quoting khizer
Dear,

I am very critical position, i have stock in hand at 1.226.

And my auto (levrage) closed point 1.166.

(means when euro touch 1.166 my position will be closed)

Right now i m standing on usd 2086 loosed!

any idea.. or suggestion are welcome.
"When you find yourself in a hole, stop digging"

close ur trades man..........
  • #253,431
  • Jun 4, 2010 3:00pm Jun 4, 2010 3:00pm
Quoting mfoste1
"When you find yourself in a hole, stop digging"

close ur trades man..........
  • #253,432
  • Jun 4, 2010 3:00pm Jun 4, 2010 3:00pm
Quoting uraceulose
dude every chart above the 1 minute is in a downtrend.
So what??? What you expect? Dow down 350 points..

It's downtrend for now and how about Monday? Or you think this

will go strait to 1:1 nonstop?, -common now.

Last drop will be retraced if not recovered totally.

I took small EJ long before close.. going to grab those 100+ pips on Monday,

since nobody else want it..
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  • #253,433
  • Jun 4, 2010 3:01pm Jun 4, 2010 3:01pm
uraceulose -

Im in two trades that are well in profit, would you close them out for the weekend, or just set logical stops and see how it goes?

Cheers mate
  • #253,434
  • Jun 4, 2010 3:01pm Jun 4, 2010 3:01pm
have a great weekend room and be good best of luck next week
  • #253,435
  • Jun 4, 2010 3:02pm Jun 4, 2010 3:02pm
Quoting SkyzerFX
So what??? What you expect? Dow down 350 points..

It's downtrend for now and how about Monday? Or you think this

will go strait to 1:1 nonstop?, -common now.

Last drop will be retraced if not recovered totally.
how about down 325? no, i don't think it will go straight anywhere..I have no idea what will happen Monday..do you?
  • #253,436
  • Jun 4, 2010 3:03pm Jun 4, 2010 3:03pm
Quoting mfoste1
"When you find yourself in a hole, stop digging"
close ur trades man..........
Tell this to US FED then might listen..

After 300 pips drop close trades to watch them 100 pips +

higher day later? You joking right?
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #253,437
  • Jun 4, 2010 3:04pm Jun 4, 2010 3:04pm
Quoting uraceulose
I have no idea what will happen Monday..do you?
Yes, DOW will be Flat or UP.. How many Fridays we've been watching?

Me personally thousands... Same sh*t over and over again..

And I said to him not to listen anybody (including myself), cause I don't know how much money he got.

He only ask for opinion..

He should have Stop loss in first place and if he don't then Average down..

I've been long EURCHF at 1.41 while Gator was calling zero and get out with profit next Intervention.

How about EURAUD, man? Did you watch that 1300+ pip rise? Everything was bearish as well.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #253,438
  • Jun 4, 2010 3:05pm Jun 4, 2010 3:05pm
Quoting Machete
2nd goal achieved (1.2200)...
It creeps next...http://www.forexfactory.com/showthre...99#post3756399
wow! 3nd goal achieved! ...
  • #253,439
  • Jun 4, 2010 3:05pm Jun 4, 2010 3:05pm
I know i will be death on 1.166, but my feelings told me to fight with last breath in my body...

If i closed now same means.. to losed all the chance..
Trade what you see, Not what you think.
  • #253,440
  • Jun 4, 2010 3:06pm Jun 4, 2010 3:06pm
if the G20 are positive about the world economy and the situation in Europe.. What do you think?
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