DislikedIt does not matter about your account type. It does matter what leveraged hedge funds, HSBC, Citi, Goldman, and others are doing. Intrest is a HUGE deal to the big guys. More so than ever in this yeild starved environment.
Regards,Ignored
- #34,661
- Oct 19, 2011 11:38am Oct 19, 2011 11:38am
- | Joined Aug 2009 | Status: I support AC Milan and Arsenal | 1,009 Posts
- #34,665
- Oct 19, 2011 3:12pm Oct 19, 2011 3:12pm
- Joined Jul 2011 | Status: Heads is a buy. Tails is a sell. | 1,031 Posts
- #34,666
- Oct 19, 2011 4:27pm Oct 19, 2011 4:27pm
- Joined Aug 2008 | Status: Trader | 3,386 Posts
News headline
http://news.smh.com.au/breaking-news...020-1m8xu.html
UK news
http://www.telegraph.co.uk/finance/f...nce-Cable.html
http://www.telegraph.co.uk/finance/f...ee-months.html
The optimism of a positive outcome by the market having been let down by the same political puppets time and time again is astounding.
Even if the EU "fixes" the debt, the austerity measures will curb growth.
And dont the Greeks know that
http://news.smh.com.au/breaking-news...020-1m8xu.html
UK news
http://www.telegraph.co.uk/finance/f...nce-Cable.html
http://www.telegraph.co.uk/finance/f...ee-months.html
The optimism of a positive outcome by the market having been let down by the same political puppets time and time again is astounding.
Even if the EU "fixes" the debt, the austerity measures will curb growth.
And dont the Greeks know that
- #34,669
- Oct 19, 2011 6:02pm Oct 19, 2011 6:02pm
downward tl on H4 and daily chart still holding just barely. rest of this week will be real interesting to see if it breaks above/bounces off.
im most probably buying if we close above 1.04 or selling below 1.02, thoughts anyone?
)
looks as though we took the south route. still wont jump in till i see a real move, (preferably a big bounce off the daily tl so i can short down and then load up long to 1.05
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
- #34,677
- Oct 19, 2011 9:29pm Oct 19, 2011 9:29pm
- | Joined Oct 2011 | Status: Why so serious ??? | 436 Posts
Hello guys,
I know i have made a blunder. I am in a trouble. Could not control my emotions and went on for these two positions shown in picture.
I know this cannot be rescued. But still, if possible please suggest some ideas to save the maximum possible out of these two. My aim is to breakeven out of these two.
Possible??? Any suggestions ????
I know i have made a blunder. I am in a trouble. Could not control my emotions and went on for these two positions shown in picture.
I know this cannot be rescued. But still, if possible please suggest some ideas to save the maximum possible out of these two. My aim is to breakeven out of these two.
Possible??? Any suggestions ????
Hello guys,
I know i have made a blunder. I am in a trouble. Could not control my emotions and went on for these two positions shown in picture.
I know this cannot be rescued. But still, if possible please suggest some ideas to save the maximum possible out of these two. My aim is to breakeven out of these two.
Possible??? Any suggestions ????
With this pair, if you have a big enough account to withstand the drawdowns, those long positions will take care of themselves with the interest you earn.
E.g. for each 0.01 lot, you earn about USD 0.2 - 0.25, each 0.1 lot you earn about USD 2 - 2. 5 and each 1 lot you earn 20 - 25.
But obviously as stated above, if the positions are small enough, you're fine leaving it as it is. But if it's big, and you can't withstand the drawdowns, my suggestion is either to close it now, or put a SL at the maximum point in which you can stomach, and hope it never reaches there.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
- #34,679
- Oct 19, 2011 9:47pm Oct 19, 2011 9:47pm
- | Joined Oct 2011 | Status: Why so serious ??? | 436 Posts
I assume those are long positions right? How many units did you put in?
With this pair, if you have a big enough account to withstand the drawdowns, those long positions will take care of themselves with the interest you earn.
E.g. for each 0.01 lot, you earn about USD 0.2 - 0.25, each 0.1 lot you earn about USD 2 - 2. 5 and each 1 lot you earn 20 - 25.
But obviously as stated above, if the positions are small enough, you're fine leaving it as it is. But if it's big, and you can't withstand the drawdowns, my suggestion is either to close it...
Thank you so much for your response.
The problem i face here is, one is LONG and the other is SHORT
Size i have put in is 0.5. My account now has 14k. As of now i am in profit of 200 dollars for this month if i close both the positions. And obviously i am new to Forex.
Shall i expect a reverse at 1.01???
- #34,680
- Oct 19, 2011 10:27pm Oct 19, 2011 10:27pm
- Joined Sep 2010 | Status: MR. NOBODY | 3,042 Posts
Current situation is 'Risk off', so maybe more down for a bit and it's always better to cut your losses in most cases especially if you are unfamiliar with how to manage your way for this position.I'm not sayen you can not win with both. It's a hedge (kinda).. I too have short and long play here, just not in the same box.
Good luck with your outcome.
Good luck with your outcome.
Thank you so much for your response.
The problem i face here is, one is LONG and the other is SHORT
Size i have put in is 0.5. My account now has 14k. As of now i am in profit of 200 dollars for this month if i close both the positions. And obviously i am new to Forex.
Shall i expect a reverse at 1.01???