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EURUSD

  • #388,721
  • Feb 16, 2011 3:15pm Feb 16, 2011 3:15pm
Quoting Italianguy
You lucky, i'm eur 1200 in the water...deep water WTF !

Oh ... I didn't put all my positions on
EUR/USD ...
You need to diversify ... or else you just gambling...
you know what happened when you gambling in forex...
you can be right 10x but one wrong time will ate you alive..
  • #388,722
  • Feb 16, 2011 3:17pm Feb 16, 2011 3:17pm
5M bull pennant, kinda late in the day for it to cause a break, though.
  • #388,723
  • Feb 16, 2011 3:19pm Feb 16, 2011 3:19pm
[quote=Italianguy;4404968]
Quoting aarontdang


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

Iran and Israel are of no importance my friend. Mubarak went out of office as soon as this celebrated Euro H&S formation proved to be the usual failure. Now its Iran and Israel that provide the official explanation for the USD drop. During the manufactured Korean "crisis" it was the USD that was supposedly the the "safe haven" currency.... Stop reading this utter rectal lasagna on those forex news websites, itīs all the usual BS.
  • #388,724
  • Feb 16, 2011 3:21pm Feb 16, 2011 3:21pm
Quoting Italianguy
You lucky, i'm eur 1200 in the water...deep water WTF !
Its interesting that you can just go online and open a new account, there should have been a test from the broker before you were allowed to trade.

You should have had 50 days of trading with less drawdown than 15-20% on a demo acc. before you were allowed to trade...
  • #388,725
  • Feb 16, 2011 3:22pm Feb 16, 2011 3:22pm
Quoting Larseg
Its interesting that you can just go online and open a new account, there should have been a test from the broker before you were allowed to trade.

You should have had 50 days of trading with less drawdown than 15-20% on a demo acc. before you were allowed to trade...
But then how would the rest of us make any money?
  • #388,726
  • Feb 16, 2011 3:22pm Feb 16, 2011 3:22pm
Quoting Italianguy
You lucky, i'm eur 1200 in the water...deep water WTF !
geez how big is your account?
  • #388,727
  • Feb 16, 2011 3:24pm Feb 16, 2011 3:24pm
usdx broke out of bear flag to go north, same with eu going south
  • #388,728
  • Feb 16, 2011 3:25pm Feb 16, 2011 3:25pm
Quoting FishHead
But then how would the rest of us make any money?
Hehe, good point keep loosing people!
  • #388,729
  • Feb 16, 2011 3:27pm Feb 16, 2011 3:27pm
Quoting FishHead
But then how would the rest of us make any money?

hit
  • #388,730
  • Feb 16, 2011 3:31pm Feb 16, 2011 3:31pm
Quoting Italianguy
You lucky, i'm eur 1200 in the water...deep water WTF !
You had the opportunity to get out at 35 earlier, your loss is more than double that as it stands now. If this sum is a substantial amount of money to you, then you cannot act like a rabbit caught in the head lights, you must act decisively...

On a brighter note price appears to have broken the rising trend line and the market may yet let you off the hook, but really at 35 you should have tightened your stop right up...

And most if not all of us have been there at one stage or another...

GL with it...
  • #388,731
  • Feb 16, 2011 3:32pm Feb 16, 2011 3:32pm
Quoting Larseg
Hehe, good point keep loosing people!
do you know what a twat is?
rat
  • #388,732
  • Feb 16, 2011 3:33pm Feb 16, 2011 3:33pm
luckily i missed the short and price flying up fast got me suspicious of shorting higher up... staying out now till clear direction... presumably we may be looking at 1.36 here
  • #388,733
  • Feb 16, 2011 3:36pm Feb 16, 2011 3:36pm
Quoting jaylovin
luckily i missed the short and price flying up fast got me suspicious of shorting higher up... staying out now till clear direction... presumably we may be looking at 1.36 here
looks like the 150ema is giving it support on the 1m
  • #388,734
  • Feb 16, 2011 3:36pm Feb 16, 2011 3:36pm
Quoting Italianguy
You lucky, i'm eur 1200 in the water...deep water WTF !

You are 1200EUR underwater, your account better be 120k+
  • #388,735
  • Feb 16, 2011 3:36pm Feb 16, 2011 3:36pm
Quoting DBallerz
looks like the 150ema is giving it support on the 1m

on the 30second chart massive support is coming in on the 300ema. titanic.
rat
  • #388,736
  • Feb 16, 2011 3:39pm Feb 16, 2011 3:39pm
Quoting Larseg
Its interesting that you can just go online and open a new account, there should have been a test from the broker before you were allowed to trade.

You should have had 50 days of trading with less drawdown than 15-20% on a demo acc. before you were allowed to trade...

Yup and max leverage of 10:1 and a min deposit of 250k. The reason that most retailers fail is that they have made it way too easy. Most posters here have no business being in this. Any muppet with 100 dollars and a PC can just start trading, and most of them come on forums like this complaining about brokers, manipulated news, and the all time classic, "are we going up?" "the news was good, why are we going down?" "can we short yet?"

I am a big fan of the CFTC rules and am convinced they haven't gone far enough yet. The Europeans should take a lesson from that and tighten up the rules too. A good transaction tax in the EU will take care of most of the retailers.
  • #388,737
  • Feb 16, 2011 3:39pm Feb 16, 2011 3:39pm
Quoting FibbinArchie
And most if not all of us have been there at one stage or another...
Scaling Out would be an option too.

But he has to learn to ACCEPT losses.
  • #388,738
  • Feb 16, 2011 3:40pm Feb 16, 2011 3:40pm
I'm just waiting for retrace .. so i can
make small profit and closed out all positions...
Asian and sydney usually give you those retrace..
so keep your eyes on it ...

You can make $ by just using Asian session...

If EUR/USD head north during NY times....
you can sell it around 3-5 EST times....
then you will make profits during retrace during asian...

around 3-5 is when they run out of steam ....

the opposite also work too ...

Retrace run from 10-30 PIPS during Asian n Sydney
  • #388,739
  • Feb 16, 2011 3:41pm Feb 16, 2011 3:41pm
Quoting cloggie
Yup and max leverage of 10:1 and a min deposit of 250k. The reason that most retailers fail is that they have made it way too easy. Most posters here have no business being in this. Any muppet with 100 dollars and a PC can just start trading, and most of them come on forums like this complaining about brokers, manipulated news, and the all time classic, "are we going up?"
250k LOL...in a trading account LOL...

my money goes straight back to the bank each day i never leave more than 25 grand in a shitty trading account. Even that really is stupid.
rat
  • #388,740
  • Feb 16, 2011 3:42pm Feb 16, 2011 3:42pm
Quoting rattyo
on the 30second chart massive support is coming in on the 300ema. titanic.
lol 30 sec charts? look at the 365 ema on the 30min.
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