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  • #555,561
  • Oct 28, 2011 1:31am Oct 28, 2011 1:31am
Quoting MaryJane
Nobody will tell you because nobody knows. And if somebody tells you Yes or No, it's just a guess, nothing more! The market is in strong bullish mode, even if it doesn't advance another 400 pips today it can just stall at these levels today and take another rally on Monday or even gap up. I don't want to scare you but it's completely possible you'll be losing much more in no time. Scroll back the charts to December 2008 and see what happened there. I know it's unlikely to happen now, but it can happen.

The only advice I can...
Thanks.. ur guess that what I expected ystrday is absolutely right..!
  • #555,562
  • Oct 28, 2011 1:34am Oct 28, 2011 1:34am
Quoting andri66
I believe no one know what the price will be in 2 weeks ? many things can happen (QE 3 ,rating downgrade,etc )..But short term is bullish and nearest resistance at 1.43 with support at 1.39..Might hedge + martingale your position if only 3% of capital in risk..? just my 2 cents
I did a big mistake.. so lost large scale of money of Equity.. now it is in minus..!
  • #555,563
  • Oct 28, 2011 1:37am Oct 28, 2011 1:37am
i watch this last retest down hopully break haha since this morning i set short then when i wakeup still within th line ....its hujan.....last breath test if fail hmmm going up
Attached Image (click to enlarge)
Click to Enlarge Name: bbbbbb.jpg Size: 143 KB
be patient, self-belief and discipline... stay focus...
  • #555,564
  • Oct 28, 2011 1:41am Oct 28, 2011 1:41am
Quoting roxever
Will Euro come at 1.3850 in next 2 weeks? Plz any1 tell me.. I have sold at 1.3750 and I want to reduce some lost..!
... u really have strong stomach to keep that trade on ...
Lot of support need to be broken... good luck
  • #555,565
  • Oct 28, 2011 1:44am Oct 28, 2011 1:44am
Quoting roxever
Will Euro come at 1.3850 in next 2 weeks? Plz any1 tell me.. I have sold at 1.3750 and I want to reduce some lost..!
I'm surprised you didn't sell at 1.3800, 1.3850, 1.3900, 1.3950, 1.4000, 1.4050, 1.4100, & 1.4150 on the way UP !!! so you didn't do too bad

What were you thinking? Other have given great advice = study MONEY MANAGEMENT learn POSITION SIZING

go back to DEMO and PRACTICE until you got it right
OPPORTUNITY IS NOWHERE
  • #555,566
  • Oct 28, 2011 1:46am Oct 28, 2011 1:46am
hello guys what's your forecast today
  • #555,567
  • Oct 28, 2011 1:47am Oct 28, 2011 1:47am
hmm i realize i set in support area short haha.... i dont know wwether this G ca hold it or will pullback up
be patient, self-belief and discipline... stay focus...
  • #555,568
  • Oct 28, 2011 1:52am Oct 28, 2011 1:52am
Quoting MaryJane
Nobody will tell you because nobody knows. And if somebody tells you Yes or No, it's just a guess, nothing more! The market is in strong bullish mode, even if it doesn't advance another 400 pips today it can just stall at these levels today and take another rally on Monday or even gap up. I don't want to scare you but it's completely possible you'll be losing much more in no time. Scroll back the charts to December 2008 and see what happened there. I know it's unlikely to happen now, but it can happen.

The only advice I can...

Anything is technically possible.

It is possible that you'll die in a car crash tomorrow. It is possible that you'll die from a home burglary attempt next week. It is possible that you'll die from a brain aneurysm next year.

Like everything else in life, trading is based on PROBABILITY. There ARE no certainties.

A smart trade is one that has a better chance of success than its opposite trade. Simple as that.

And put into practical terms, as of right now, the so-called "bullish trend" has quite obviously begun to lose steam. Now would be the best time to get in on the retracement.

The fact of the matter is, any further surge must stem from another FUNDAMENTAL catalyst. Last I checked, nothing on the docket.

If I were to trade the EUR/USD (not that I would ever touch this god-forsaken pair) right now, I would probably set a sell limit order 50-100 pips higher than the current price, with a 100 pip TP.

There is as much a chance of a "400 pip surge" happening overnight as there is you getting struck by lightning tomorrow.

The sky is NOT falling.

Anyone in a losing position can wait for the inevitable retracement and minimize your losses.

And I will be setting a limit buy order for USD/CAD.
  • #555,569
  • Oct 28, 2011 1:52am Oct 28, 2011 1:52am
Quoting Callisto
I'm surprised you didn't sell at 1.3800, 1.3850, 1.3900, 1.3950, 1.4000, 1.4050, 1.4100, & 1.4150 on the way UP !!! so you didn't do too bad

What were you thinking? Other have given great advice = study MONEY MANAGEMENT learn POSITION SIZING

go back to DEMO and PRACTICE until you got it right
be patient, self-belief and discipline... stay focus...
  • #555,570
  • Oct 28, 2011 1:54am Oct 28, 2011 1:54am
Quoting roxever
Will Euro come at 1.3850 in next 2 weeks? Plz any1 tell me.. I have sold at 1.3750 and I want to reduce some lost..!
Why two weeks?
The Thief of Wall Street
  • #555,571
  • Oct 28, 2011 1:54am Oct 28, 2011 1:54am
Quoting Callisto
I'm surprised you didn't sell at 1.3800, 1.3850, 1.3900, 1.3950, 1.4000, 1.4050, 1.4100, & 1.4150 on the way UP !!! so you didn't do too bad

What were you thinking? Other have given great advice = study MONEY MANAGEMENT learn POSITION SIZING

go back to DEMO and PRACTICE until you got it right
Ease up everyone, you all sound like you got it all figured out yet you are reading on a forum what others are trying to do. Dude probably has enough to weather the storm if he let it get this out of control.

Anyways, I still hope he got the advice needed cause it was warranted. Currency trading is 100% risk management. Know how you plan to get out of a trade way before you get in one.
  • #555,572
  • Oct 28, 2011 2:00am Oct 28, 2011 2:00am
radit you should not be trading live if you don't have a clue about money management. Go to demo and learn how to trade, find a system that works for you that gives you a 1:2 or 1:3 risk to reward. Back test the strategy on your chart marking down your P/L would be for each month and if you're positive by the end. Do this until you find a profitable way to trade then go to live trading. If you have system that is 55% accurate or more that incorporates money management you have an edge on the market.
  • #555,573
  • Oct 28, 2011 2:00am Oct 28, 2011 2:00am
Quoting MaryJane
Nobody will tell you because nobody knows. And if somebody tells you Yes or No, it's just a guess, nothing more! The market is in strong bullish mode, even if it doesn't advance another 400 pips today it can just stall at these levels today and take another rally on Monday or even gap up. I don't want to scare you but it's completely possible you'll be losing much more in no time. Scroll back the charts to December 2008 and see what happened there. I know it's unlikely to happen now, but it can happen.

The only advice I can...
Holy crap, hard advice but good advice, even if pa fell over a 1000 pips. you made a big mistake, a. no sl. b. no mm.
In forex has no mercy, long term, if you do survive this, and not learn, you will become 95% ter sorry

I still scalp selling, quite happy to do, very good at do, stuff trend, stuff bull, this turd is be totally contrary to everything I read see hear,

Congrates to buyers, my turn will come
If you are new to Forex? Say Goodbye to your account!!
  • #555,574
  • Oct 28, 2011 2:01am Oct 28, 2011 2:01am
Quoting bariqnet
hello guys what's your forecast today
Mostly Sunny. Temperature 40F to 52F.

What's yours?
The Thief of Wall Street
  • #555,575
  • Oct 28, 2011 2:08am Oct 28, 2011 2:08am
Quote:
Originally Posted by roxever http://www.forexfactory.com/images/buttons/viewpost.gif
Will Euro come at 1.3850 in next 2 weeks? Plz any1 tell me.. I have sold at 1.3750 and I want to reduce some lost..!



Nobody will tell you because nobody knows. And if somebody tells you Yes or No, it's just a guess, nothing more! The market is in strong bullish mode, even if it doesn't advance another 400 pips today it can just stall at these levels today and take another rally on Monday or even gap up. I don't want to scare you but it's completely possible you'll be losing much more in no time. Scroll back the charts to December 2008 and see what happened there. I know it's unlikely to happen now, but it can happen.

The only advice I can give you is the one you don't want to hear:

If you sold 3750, the trade is running since last week. You've had an opportunity to close it on Wednesday for a 50p loss or several times for ~100p loss - you didn't do it because you hoped. Now you're 450 pips in red. You didn't (at least partially) exit on the way up even after price broke thru multiple resistance levels. And you are still hoping. CLOSE THE TRADE NOW. Quit hoping NOW. And yes, take it as a punishment. It absolutely doesn't matter if price turns on the dime the moment you close the loss. Only one thing matters: NEVER let it go so far again. You have to learn and apply risk management. Hope & Pray mode will kill you in trading.

If you want to hold it and wait for a retrace, then it must be your very own decision. Nobody sane will take the responsibility to advice you.


are you awake since yesterday, i told you what to do since yesterday, dont get married to the deal, put a stop loss and be disciplined and accept it, you gave the wrong bet. if this is your whole money dont put it in FOREX go do some other thing (sell potato for example they rarely loose ). in forex my freind you will loose MOST of the times you should know this as a fact, out of 10 deals uou will loose 7 times but its a calculated risk, 7 x -50 pips = -350 pips and you will in 3 times 3 x 150 = 450 at the end you will have made 100 pips your deals. this is how Forex is played. you can never loose consequently 10 times in a raw, but its calculated, its also better if you are using your very extra money, that if you lost them you can get them back in no time i am talking about an amount that you really dont know what to do with, not your life time savings . ive told you ive learned my lesson the hard way after loosing $42,500 but am a high salarried proffessional doing the FOREX to explore additional income opporrtunities, this is like 4 months sllary for me, i dont crack down on it, and now i have been consistently making money daily by distributing my deals; if you dont know where the price is going (we all dont) then just follow the recommendations of your broker on all the pairs minimize risk and expand opportunities and in no time you will be there.
go ahead and close or hedge it if your broker allows hedging.
Forex will make you loose but you will stay gambling
  • #555,576
  • Oct 28, 2011 2:09am Oct 28, 2011 2:09am
Quoting Chicky
Mostly Sunny. Temperature 40F to 52F.

What's yours?

Dang, wanna switch places?

Sunny. 85-89F here (Probably a bit more).
Really miss Ontario.
  • #555,577
  • Oct 28, 2011 2:09am Oct 28, 2011 2:09am
Quoting Chicky
Mostly Sunny. Temperature 40F to 52F.

What's yours?
good one ...
  • #555,578
  • Oct 28, 2011 2:09am Oct 28, 2011 2:09am
Quoting bariqnet
hello guys what's your forecast today
forecast
ok, my guess:
boring, probably inside day, low around 4060, close in the upper third (kinda inside pin/doji)
MarginTrader All Time Return: na
  • #555,579
  • Oct 28, 2011 2:14am Oct 28, 2011 2:14am
After yesterday's move to 4250, i think speculative and weak shorts are smashed out of the system...

Probably day of big boys now !
  • #555,580
  • Oct 28, 2011 2:16am Oct 28, 2011 2:16am
Quoting MaryJane
forecast
ok, my guess:
boring, probably inside day, low around 4060, close in the upper third (kinda inside pin/doji)
Hello MaryJane,

Yes, today I expect few trades for myself. 20-30 pips profit. Nothing more.

Regards,

Josef
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