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  • #336,561
  • Dec 1, 2010 6:22am Dec 1, 2010 6:22am
Quoting paul1
After seeing your pic I feel you should put your ass-ets to better use lol
now i really spilled it. 10 points.
  • #336,562
  • Dec 1, 2010 6:27am Dec 1, 2010 6:27am
what would you guys do if you were stuck with a 50 pip loss on EJ right now? that's the crappy short position i'm in now and i'm not sure if i should just close it.
  • #336,563
  • Dec 1, 2010 6:29am Dec 1, 2010 6:29am
Quoting athenaesword
what would you guys do if you were stuck with a 50 pip loss on EJ right now? that's the crappy position i'm in and i'm not sure if i should just close it.
Long or Short?
@pawpaw1000 on Twitter
  • #336,564
  • Dec 1, 2010 6:31am Dec 1, 2010 6:31am
Quoting pawpaw1000
Long or Short?
i'm short. EJ's 10 pips from the top right now i was short from 109.33. just got caught off guard by this move up. and it looks to be not abating any time soon. wondering what you guys think.
  • #336,565
  • Dec 1, 2010 6:31am Dec 1, 2010 6:31am
Quoting PipChick
Not me. I can make my own money.lol
Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #336,566
  • Dec 1, 2010 6:31am Dec 1, 2010 6:31am
we didn't wait for that screen-busting movement, did we?
  • #336,567
  • Dec 1, 2010 6:32am Dec 1, 2010 6:32am
Quoting Munal
Where are the buyers you have one more barrier at 1.312X area just clear it for now... and let people shout short short .......... before price hits my Second TP at 1.323X area........

dont worry dude it is going to below 1,30 as soon as possible
  • #336,568
  • Dec 1, 2010 6:32am Dec 1, 2010 6:32am
Quoting athenaesword
i'm short. EJ's 10 pips from the top right now i was short from 109.33. just got caught off guard by this move up. and it looks to be not abating any time soon. wondering what you guys think.
you might get some good up/down volatility around the ADP and cut your loss a bit
"If The Fool persists in his Folly he will become wise." - William Blake
  • #336,569
  • Dec 1, 2010 6:33am Dec 1, 2010 6:33am
Pay Back Time

http://www.spiegel.de/images/image-1...eryV9-bxgf.jpg

http://www.spiegel.de/images/image-1...eryV9-shpd.jpg


http://www.spiegel.de/images/image-1...eryV9-pdeb.jpg


http://www.spiegel.de/images/image-1...eryV9-idqm.jpg


http://www.spiegel.de/images/image-1...eryV9-xexi.jpg
  • #336,570
  • Dec 1, 2010 6:33am Dec 1, 2010 6:33am
Quoting pawpaw1000
Long or Short?
Without knowing your original R/R, I would say cut your loss and have a beer. Clearly you have 50 reasons why you're "wrong". But if it reverses and continues the way you expected, then you can re-enter.

But as you're keeping it, I know from my experience that you will be quite emotional know and probably mentally denying that it won't continue to go against you. If it does, you could be -75, -100.... when do you pull the trigger?
A pip is only worth it if you know how much you risked to earn it
  • #336,571
  • Dec 1, 2010 6:34am Dec 1, 2010 6:34am
For those whose accounts ain't "big" enough to trade commodities like gold and oil here is a nice long set up on AUD/USD as long as it stays above 0.95



Attached Image (click to enlarge)
Click to Enlarge Name: aud.GIF Size: 32 KB
Mind over matter..I don't mind and you don't matter.
  • #336,572
  • Dec 1, 2010 6:35am Dec 1, 2010 6:35am
Quoting vlady1974
Without knowing your original R/R, I would say cut your loss and have a beer. Clearly you have 50 reasons why you're "wrong". But if it reverses and continues the way you expected, then you can re-enter.

But as you're keeping it, I know from my experience that you will be quite emotional know and probably mentally denying that it won't continue to go against you. If it does, you could be -75, -100.... when do you pull the trigger?
Sound advice (depending on you position size and acct size)
  • #336,573
  • Dec 1, 2010 6:37am Dec 1, 2010 6:37am
Quoting athenaesword
what would you guys do if you were stuck with a 50 pip loss on EJ right now? that's the crappy position i'm in and i'm not sure if i should just close it.

with losses i always ask myself
"how many trades are I going to have to make to get this back"

psychologically it helps me pull the plug
  • #336,574
  • Dec 1, 2010 6:37am Dec 1, 2010 6:37am
Quoting athenaesword
i'm short. EJ's 10 pips from the top right now i was short from 109.33. just got caught off guard by this move up. and it looks to be not abating any time soon. wondering what you guys think.
Why you short at the bottom?
  • #336,575
  • Dec 1, 2010 6:37am Dec 1, 2010 6:37am
Quoting Mr Hatch
well chosen
Also took a short at 1.3112. Let's see where this goes.
A pip is only worth it if you know how much you risked to earn it
  • #336,576
  • Dec 1, 2010 6:37am Dec 1, 2010 6:37am
Quoting athenaesword
i'm short. EJ's 10 pips from the top right now i was short from 109.33. just got caught off guard by this move up. and it looks to be not abating any time soon. wondering what you guys think.

My advise, put s/l above 110.07. This way it is above resistance and also allows for EUR to start falling again (I see this happening soon as I'm already short on EUR/CHF (BE) and E/U (s/l - 10) )

but in the future, decide where to put s/l and DO IT! HERE's a chart with the reason for this current up move. Pretty simple on larger TF...

Also look on H4 at the LOOOONG wicks on the bottom of the candles before this upmove. Signals that buyers are there looking long...

Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: tradej.gif Size: 50 KB
@pawpaw1000 on Twitter
  • #336,577
  • Dec 1, 2010 6:38am Dec 1, 2010 6:38am
Quoting JuliusCeasar
For those whose accounts ain't "big" enough to trade commodities like gold and oil here is a nice long set up on AUD/USD as long as it stays above 0.95



Attachment
I don't get it? Why would you trade comodoties over forex if your account is big enough?
  • #336,578
  • Dec 1, 2010 6:38am Dec 1, 2010 6:38am
pssst... moved sl to be. going to have lunch now. bbl.
  • #336,579
  • Dec 1, 2010 6:42am Dec 1, 2010 6:42am
To short E/J below 110 level is a very daring move
  • #336,580
  • Dec 1, 2010 6:43am Dec 1, 2010 6:43am
I'm watching 3067 on the hourly, bullish bias above....
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 15 KB
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