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EURUSD

  • #586,081
  • Jan 19, 2012 6:10pm Jan 19, 2012 6:10pm
??????????
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  • #586,082
  • Jan 19, 2012 6:18pm Jan 19, 2012 6:18pm
Quoting mkshoaib
I Short EUR @ 1.2782, senior please guide me, what i do?
You have two choices in Forex. Buy and cry or sell and yell. I did the same thing.
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Time turns trend. - W.D. Gann
  • #586,083
  • Edited 6:30pm Jan 19, 2012 6:20pm | Edited 6:30pm
Something to consider...consider the channel

could be building in a flag or a pennant
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  • #586,084
  • Jan 19, 2012 6:22pm Jan 19, 2012 6:22pm
Quoting mkshoaib
I Short EUR @ 1.2782, senior please guide me, what i do?
i ve brought 5 lots there of short, feel stuck if that makes you feel better, decided to buy 5 lots as buys and let em run untill the bearish move comes in
  • #586,085
  • Jan 19, 2012 6:37pm Jan 19, 2012 6:37pm
Quoting Kingshaz
i ve brought 5 lots there of short, feel stuck if that makes you feel better, decided to buy 5 lots as buys and let em run untill the bearish move comes in
My broker doesn't allow hedging. USA hates hedging and le
verage....
  • #586,086
  • Jan 19, 2012 6:38pm Jan 19, 2012 6:38pm
Quoting fxbeger
??????????
??????????
It takes a lot for me to IGNORE you, but you can try.
  • #586,087
  • Jan 19, 2012 6:38pm Jan 19, 2012 6:38pm
Quoting mkshoaib
I Short EUR @ 1.2782, senior please guide me, what i do?
cut the loss right away and then move on. set a stop loss next time.
  • #586,088
  • Jan 19, 2012 6:40pm Jan 19, 2012 6:40pm
Quoting MidasFX
My broker doesn't allow hedging. USA hates hedging and le
verage....
ok I have no choice, in a no win situation this prob back fire
  • #586,089
  • Jan 19, 2012 6:46pm Jan 19, 2012 6:46pm
Quoting Kingshaz
ok I have no choice, in a no win situation this prob back fire
could just close, go long, exit with profit and then short again....it would yield more money and probably cause you less worry.
Kill the ego, or it will kill the mission.
  • #586,090
  • Jan 19, 2012 6:51pm Jan 19, 2012 6:51pm
Quoting AaronWard
could just close, go long, exit with profit and then short again....it would yield more money and probably cause you less worry.
thanks mate your right, but its going to be a big loss
  • #586,091
  • Jan 19, 2012 6:57pm Jan 19, 2012 6:57pm
I took a big loss on short EUR/USD for the past 3 days...
damn EUR/USD .....
No more going against the trend...
i keep short when it move up ...
this sux big time ...
I shoulda stay out of EUR/USD
and play with AUD/USD ...
its not moving anywhere good for scalp

I'm going Long ... SL just under 1.2948
1.2955 is a big support, haven't be able to break it
for the past couple of hours
  • #586,092
  • Jan 19, 2012 7:01pm Jan 19, 2012 7:01pm
Quoting aarontdang
I took a big loss on short EUR/USD for the past 3 days...
damn EUR/USD .....
No more going against the trend...
i keep short when it move up ...
this sux big time ...
I shoulda stay out of EUR/USD
and play with AUD/USD ...
its not moving anywhere good for scalp

I'm going Long ... SL just under 1.2948
1.2955 is a big support, haven't be able to break it
for the past couple of hours
same here always seem to be on the wrong side, then when I get with the trend it changes
  • #586,093
  • Jan 19, 2012 7:02pm Jan 19, 2012 7:02pm
Quoting Kingshaz
i ve brought 5 lots there of short, feel stuck if that makes you feel better, decided to buy 5 lots as buys and let em run untill the bearish move comes in

Stay hedged for today and till Monday's London opening. there you have chance the market must reverse.

since you are hedged no need to worry, stay calm.
  • #586,094
  • Jan 19, 2012 7:02pm Jan 19, 2012 7:02pm
Quoting aarontdang
I took a big loss on short EUR/USD for the past 3 days...
damn EUR/USD .....
No more going against the trend...
i keep short when it move up ...
this sux big time ...
I shoulda stay out of EUR/USD
and play with AUD/USD ...
its not moving anywhere good for scalp

I'm going Long ... SL just under 1.2948
1.2955 is a big support, haven't be able to break it
for the past couple of hours

i suffered massive losses too... damn euro....
  • #586,095
  • Jan 19, 2012 7:03pm Jan 19, 2012 7:03pm
Quoting caonguyen
why friday is a especial day? do every friday in a year same?
thank mohan
usually liquidity is low on fridays. traders are often like to take profits. close the books early. they don't like holding positions over the weekend. therefore, a lot of wicked moves can be seen on fridays. or just range after london closes.
  • #586,096
  • Jan 19, 2012 7:07pm Jan 19, 2012 7:07pm
I don't see today is good day for trading, market is too overbought, expecting correction till Monday.

I may put small lots and see the market behavior with attention.
  • #586,097
  • Jan 19, 2012 7:10pm Jan 19, 2012 7:10pm
Euro/usd has gone up 4 consecutive days for about 300+ Pips. That is a market irregularity. I would expect a good size retracement before the weekend. Just my sentiments
  • #586,098
  • Jan 19, 2012 7:14pm Jan 19, 2012 7:14pm
"Trading with guidance of a mentor reduces lot of time. otherwise you will not know you might be fooling around forever, until a major tragedy occurs". Robert, Bangalore, India.
  • #586,099
  • Jan 19, 2012 7:15pm Jan 19, 2012 7:15pm
Quoting robert7
I don't see today is good day for trading, market is too overbought, expecting correction till Monday.

I may put small lots and see the market behavior with attention.
rule of a thumb: when trending up, forget ob. just concentrate os. vs for trending down.
  • #586,100
  • Jan 19, 2012 7:18pm Jan 19, 2012 7:18pm
it looks like a nice place to short. top of the range; target of 2500
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