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  • #588,841
  • Jan 27, 2012 1:19am Jan 27, 2012 1:19am
Quoting Forex-novice
i re entered a long at 1.308 and am still in the trade, is this bad boy going up or down?!
I have a long position at 1.3090 and want to hold it till GDP at 8.30 EST. If it falls below it , I will cover it and re- buy at lower price till GDP
  • #588,842
  • Jan 27, 2012 1:20am Jan 27, 2012 1:20am
hey guys,

I have a long position at 1.3226 left from December which I wasn't able to close and has been torturing me since. From what I'm seeing it's rather unlikely for eur to reach there and above. Any opinions on how next week might turn out? If this is high as it's gonna get i might as well take the loss on it.suggestions?
cheers
  • #588,843
  • Jan 27, 2012 1:21am Jan 27, 2012 1:21am
short
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  • #588,844
  • Jan 27, 2012 1:21am Jan 27, 2012 1:21am
Quoting MaxDoom
If 1.3050 gives then the door to 1.2930 is well and truely open I think.

A test of the low is highly probable

Now, i couldnt agree more with you. Except that i see as low as 1.2958...oh well cheep change whats a few pips
  • #588,845
  • Jan 27, 2012 1:23am Jan 27, 2012 1:23am
off topic* i was also wondering if hedging was a profitable means of extracting wealth from the forex market?

If i open a buy and sell constantly
  • #588,846
  • Jan 27, 2012 1:26am Jan 27, 2012 1:26am
Quoting Forex-novice
off topic* i was also wondering if hedging was a profitable means of extracting wealth from the forex market?

If i open a buy and sell constantly
Certainly not. This topic was discussed many times in FF.
  • #588,847
  • Jan 27, 2012 1:26am Jan 27, 2012 1:26am
Quoting MaxDoom
If 1.3050 gives then the door to 1.2930 is well and truely open I think.

A test of the low is highly probable
Yea.

London open will be then test for sellers who look at 2hr around 1.3111/13.
They think they are smarter than I am.
  • #588,848
  • Jan 27, 2012 1:31am Jan 27, 2012 1:31am
Quoting Z3iz3i
Yea.

London open will be then test for sellers who look at 2hr around 1.3111/13.
PA indicates that it will not get there as low before 8.30 EST IMHO.
  • #588,849
  • Jan 27, 2012 1:32am Jan 27, 2012 1:32am
Quoting thevadd
It is generally believed to get a good number today (3.0) (pl refer to CNBC news). I am thinking to buy on dip well ahead of news. I have a long position open at 1.3090 and will add more if there is a dip below that.

I have long at 1.3080 sp1.354 sl?
your sl?
  • #588,850
  • Jan 27, 2012 1:33am Jan 27, 2012 1:33am
...........
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  • #588,851
  • Jan 27, 2012 1:34am Jan 27, 2012 1:34am
oh oh euro falling back.if it below 1.3077 there is a buying opporpunity.
  • #588,852
  • Jan 27, 2012 1:34am Jan 27, 2012 1:34am
Quoting opale
I have long at 1.3080 sp1.354 sl?
your sl?
1.2995
  • #588,853
  • Jan 27, 2012 1:36am Jan 27, 2012 1:36am
Quoting Dimoff
hey guys,

I have a long position at 1.3226 left from December which I wasn't able to close and has been torturing me since. From what I'm seeing it's rather unlikely for eur to reach there and above. Any opinions on how next week might turn out? If this is high as it's gonna get i might as well take the loss on it.suggestions?
cheers
Hey Dimof, is it torturing you because the lot size was too big.
PS I've been there and just bit the bullet and cut it loose. Best way to learn how to make money is to lose it first.
Over thinking over analyzing separates the body from the mind.
  • #588,854
  • Jan 27, 2012 1:39am Jan 27, 2012 1:39am
Quoting Dimoff
hey guys,

I have a long position at 1.3226 left from December which I wasn't able to close and has been torturing me since. From what I'm seeing it's rather unlikely for eur to reach there and above. Any opinions on how next week might turn out? If this is high as it's gonna get i might as well take the loss on it.suggestions?
cheers
Where is your stop loss on that trade?
'For the market to work, it needs people who think that they can beat it.'
  • #588,855
  • Jan 27, 2012 1:40am Jan 27, 2012 1:40am
Quoting Dimoff
hey guys,

I have a long position at 1.3226 left from December which I wasn't able to close and has been torturing me since. From what I'm seeing it's rather unlikely for eur to reach there and above. Any opinions on how next week might turn out? If this is high as it's gonna get i might as well take the loss on it.suggestions?
cheers

No matter what the market is going to do just close it.

Even if you decide long is now a play it's better to look at a new trade P&L rather than a massive negative number... A big open loser on the table will heavily impact your decision process.
  • #588,856
  • Jan 27, 2012 1:42am Jan 27, 2012 1:42am
Quoting Dimoff
hey guys,

I have a long position at 1.3226 left from December which I wasn't able to close and has been torturing me since. From what I'm seeing it's rather unlikely for eur to reach there and above. Any opinions on how next week might turn out? If this is high as it's gonna get i might as well take the loss on it.suggestions?
cheers
what you hold it all the way down to 1.26xx ? , you must have iron Heart , yesterday it was very close (at least you should have closed it yesturday) next time use SL for your trade , it also not a bad idea to set a sl now
Mohan
  • #588,857
  • Jan 27, 2012 1:42am Jan 27, 2012 1:42am
Quoting Dimoff
hey guys,

I have a long position at 1.3226 left from December which I wasn't able to close and has been torturing me since. From what I'm seeing it's rather unlikely for eur to reach there and above. Any opinions on how next week might turn out? If this is high as it's gonna get i might as well take the loss on it.suggestions?
cheers
You could cut it now, or wait till we're back heading for 1.17 and get a margin call. (1.17 is expected by some big goons to be the level at the end of June.)
Next week probably bear week.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #588,858
  • Jan 27, 2012 1:43am Jan 27, 2012 1:43am
Quoting 3stepsahead
Hey Dimof, is it torturing you because the lot size was too big.
PS I've been there and just bit the bullet and cut it loose. Best way to learn how to make money is to lose it first.
Agreed... U should have done tht yesterday when EUR was 1.318 ... I was in same situation and closed all my long back in dec only
  • #588,859
  • Jan 27, 2012 1:43am Jan 27, 2012 1:43am
Quoting thevadd
PA indicates that it will not get there as low before 8.30 EST IMHO.

It must test previous hour close. For what reason?

There are no sellers at 1/5/10/15m tfs, left are 30m/1hr/2r.

Btw, it is just testing that 11/13, that cracks only 18/19 is last resistance for 1hr sellers there.

That cracks, looks like another bull run.
They think they are smarter than I am.
  • #588,860
  • Jan 27, 2012 1:44am Jan 27, 2012 1:44am
Quoting Killy
yea but funny thing tick chart there looks exactly same (in bloom) (in reuters its like a zigzag) - i just couldnt find a pitcure

the mystery unravels..

the bloomberg tick chart shows number of ticks in a given period so a daily tickchart shows the number of ticks per day instead of prices.

like this one..
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