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  • #388,701
  • Feb 16, 2011 2:44pm Feb 16, 2011 2:44pm
Quoting cloggie
Help? Of to babypips and learn how to put a stop on your trades. You are lucky that 85 is capped of for now, but if Asia is anything to go by, they'll be on a buying spree again and you are looking at a margin call.

Let this be a lesson for you and never ever risk more then 1% and know your risk before you put on a trade.
looking like we may get parked up here till tokyo, he may get a bit of a drift south between now and then if he's lucky...

Also the antipodeans may be gunning for long stops if it's going higher tonight...
  • #388,702
  • Feb 16, 2011 2:44pm Feb 16, 2011 2:44pm
Quoting kill56
chart
Yes a triangle starting to form on M5, together with a squeeze at the top on 10 20 50 EMA's....could be wrong but we could se a drop down again, a bit late for a real move and not sure what Asian will do.
  • #388,703
  • Feb 16, 2011 2:46pm Feb 16, 2011 2:46pm
[quote=cloggie;4404918]Help? Of to babypips and learn how to put a stop on your trades. You are lucky that 85 is capped of for now, but if Asia is anything to go by, they'll be on a buying spree again and you are looking at a margin call.

Let this be a lesson for you and never ever risk more then 1% and know your risk before you put on a trade./quote]

Thanks cloggie, maybe you right ! Thanks for suggestions, some traders in this forum at least lost more than 150 pips during last 3 days.
  • #388,704
  • Feb 16, 2011 2:46pm Feb 16, 2011 2:46pm
Quoting cloggie
Help? Of to babypips and learn how to put a stop on your trades. You are lucky that 85 is capped of for now, but if Asia is anything to go by, they'll be on a buying spree again and you are looking at a margin call.

Let this be a lesson for you and never ever risk more then 1% and know your risk before you put on a trade.

even if this had been posted anonymously you'd still be recognised.

you got a point there, there should be a pop quiz upon joining this thread,
basically high-school stuff on babypips.
will sure reduce noise a lot.
  • #388,705
  • Feb 16, 2011 2:49pm Feb 16, 2011 2:49pm
Quoting Italianguy

Thanks cloggie, maybe you right ! Thanks for suggestions, some traders in this forum at least lost more than 150 pips during last 3 days.

Sometimes learning a lesson the hard way is the best one. Next time calculate where you want your stop to be and adjust your lotsize so hitting your stop is not going to cost you more then 1%, the further away you put your stop, the smaller the lotsize needs to be. Doing this will make sure you live to trade another day. Trading consolidation areas are not easy for most here and you are not on your own, there will be plenty with lousy trades underwater. Own up to your F up, learn from it and move on, next time you will think twice risking more then you can afford, setting 1% limits takes the sting out of it a bit.
  • #388,706
  • Feb 16, 2011 2:49pm Feb 16, 2011 2:49pm
Just give it a bit time...
wait until NY close...
it will retrace during asian
or sydney....before spike up or anything
right now no news will push it up higher
  • #388,707
  • Feb 16, 2011 2:50pm Feb 16, 2011 2:50pm
we're building up momentum for a little fall to the 3540 levels
  • #388,708
  • Feb 16, 2011 2:52pm Feb 16, 2011 2:52pm
[quote=Italianguy;4404934]
Quoting cloggie
Help? Of to babypips and learn how to put a stop on your trades. You are lucky that 85 is capped of for now, but if Asia is anything to go by, they'll be on a buying spree again and you are looking at a margin call.

Let this be a lesson for you and never ever risk more then 1% and know your risk before you put on a trade./quote]

Thanks cloggie, maybe you right ! Thanks for suggestions, some traders in this forum at least lost more than 150 pips during last 3 days.

Don't put your positions in one trade ......
like if you want 10K short on EUR/USD
divide it up into 4 position ... short @ different times....
If we don't do limit order .... we'll always be in red before it even
move to green.... meaning we enter the trade to counter the trend.

I have 2 positions underwater now ....

Shorted EUR/USD ... and Long USD/CAD

I know USD/CAD is @ strong support ... so it wouldn't move
down much more .... if it does i think BOC will encounter it ...
  • #388,709
  • Feb 16, 2011 2:55pm Feb 16, 2011 2:55pm
Quoting aarontdang
Just give it a bit time...
wait until NY close...
it will retrace during asian
or sydney....before spike up or anything
right now no news will push it up higher
I love this point of view...happy if it will happen.
  • #388,710
  • Feb 16, 2011 2:57pm Feb 16, 2011 2:57pm
Quoting Italianguy
Help help help any suggestion ??? I'm short @3520 help ! All is rising...usd is going low low loooow....wtf i'm upset


Dont worry my friend, hold on to them and get yourself a rich girlfriend in her seventies, she will take care of your shorts
  • #388,711
  • Feb 16, 2011 3:00pm Feb 16, 2011 3:00pm
Quoting Italianguy
I love this point of view...happy if it will happen.
You need a plan B if the above does not happen.

You have to cut your losses !

We have all been there and most of us are still here for that fact.
  • #388,712
  • Feb 16, 2011 3:03pm Feb 16, 2011 3:03pm
Quoting mokonni
You need a plan B if the above does not happen.

You have to cut your losses !

We have all been there and most of us are still here for that fact.
plan b...yes close all positions and...take the fail on me ! that's sounds good, no other solutions.
  • #388,713
  • Feb 16, 2011 3:03pm Feb 16, 2011 3:03pm
shorted 3569 as well
  • #388,714
  • Feb 16, 2011 3:05pm Feb 16, 2011 3:05pm
Quoting Italianguy
Help help help any suggestion ??? I'm short @3520 help ! All is rising...usd is going low low loooow....wtf i'm upset
Ill help ya out
http://lmgtfy.com/?q=I+will+always+t...on+from+now+on
  • #388,715
  • Feb 16, 2011 3:06pm Feb 16, 2011 3:06pm
Quoting Italianguy
plan b...yes close all positions and...take the fail on me ! that's sounds good, no other solutions.

I'm $500 in the water with all my positions
Retrace 10 PIPS is better too ....
  • #388,716
  • Feb 16, 2011 3:07pm Feb 16, 2011 3:07pm
[quote=aarontdang;4404942]
Quoting Italianguy


Don't put your positions in one trade ......
like if you want 10K short on EUR/USD
divide it up into 4 position ... short @ different times....
If we don't do limit order .... we'll always be in red before it even
move to green.... meaning we enter the trade to counter the trend.

I have 2 positions underwater now ....

Shorted EUR/USD ... and Long USD/CAD

I know USD/CAD is @ strong support ... so it wouldn't move
down much more .... if it does i think BOC will encounter it ...

There are some facts, for istance Iran, Israel and bla bla bla are unpredictable.
If i had been lucky i could have been able to short 5 mins later @3575 instead of @3520
  • #388,717
  • Feb 16, 2011 3:11pm Feb 16, 2011 3:11pm
Quoting aarontdang
I'm $500 in the water with all my positions
Retrace 10 PIPS is better too ....

You lucky, i'm eur 1200 in the water...deep water WTF !
  • #388,718
  • Feb 16, 2011 3:12pm Feb 16, 2011 3:12pm
Quoting Italianguy
I love this point of view...happy if it will happen.
And if you look just above, Cloggie (as well as others above that) have opinion just the opposite of this "happy" point of view.

Take some time to look back over the last two weeks of this thread. EUR vs anything has often not behaved as many, if not most, would suggest is normal or "correct".

And the most criticism that has been leveled at anyone is at very senior, respected traders who hold positions moving far against them because their systems (and their egos, truth told) insist they, and not the market, are right.

The loss you are facing is nothing in terms of market movements, even if it is a relatively large amount to you at this moment. Take your loss, or at least protect against adding to that loss. And then, mark it down to education.

Cheers.
  • #388,719
  • Feb 16, 2011 3:13pm Feb 16, 2011 3:13pm
Goodnite.
  • #388,720
  • Feb 16, 2011 3:15pm Feb 16, 2011 3:15pm
Not a good idea to be in a trade right now. We haven't broken through support or resistance levels yet. If we get a close about 1.35 region we will resistance at 1.36 region we need a clear break and close above 1.36 region for long and clear break of 1.346 region to go short. Stay out if in doubt
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