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  • #630,201
  • Apr 21, 2012 9:38am Apr 21, 2012 9:38am
Quoting daecpa
Hi everyone,
I am stuck on a hedge position at eurusd as forced by a margin call. Guess my view is that the eur could rise a bit more (maybe 1.33700?) and then hopefully fall. Mi idea is , if that happens, close the buy orders (at 1.32200) and then leave the sells opened in the hope of a sharp fall. Attached enclosed my screen shot. any ideas on how to manage this mess are really, really appreciated.
thanks to all in advance
@daecpa:

I have about 5 mins - the nurse is not ready as yet.

Im not being hard on you - Im helping. Sometimes some of the best decisions cause the greatest pain.

Lets look at your orders.

Every single oder has no TAKE PROFIT and NO STOP LOSS - what is that saying about your plan of action.

You have intentionally agreed to expose your entire account to the market. Why?

You have no TP to exit any of your trades.

Manually executing your trades could be your plan, but a back up measure just in case you are not around of something happens, your internet goes down, your brokers platform goes down, some unplanned annoucement - your mouse just stops working - You must have something set - for JUST IN CASE MOMENTS.

So by exposing your whole account - you are saying to the market - I dont care if I lose all this money and here you are now, trying to find a way not to lose it.

Ok - the nurse is ready - I have to run.

Im on your side

HDA OUT
  • #630,202
  • Apr 21, 2012 9:46am Apr 21, 2012 9:46am
Such an accumulation of items in my opinion will end cutting sl on gbp/usd in my opinion we touch 6200-6250 in short time e/u max 3300
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More on my Blog...
  • #630,203
  • Apr 21, 2012 9:55am Apr 21, 2012 9:55am
Quoting Helloguys

EDIT : BECAREFULL 130 IS NOT THE TECHNICAL RESISTANCE. THE TECHNICAL RES IS 12950!!!
1.2950

could you explain how to get that number. thanks.

Geezzz I have lots of things I have to learn.

thank you in advance
deep RoT is essential for everlasting happyness
  • #630,204
  • Apr 21, 2012 10:05am Apr 21, 2012 10:05am
Quoting X.work
1.2950

could you explain how to get that number. thanks.

Geezzz I have lots of things I have to learn.

thank you in advance
is the 61,80 fibo
from low january 1,2625
to high february 1,34848

130 yes is very close to 12950, i just have a conspiracy theory in my mind, that some ppl do not want to see (for now?) euro under phsycological 130. ( i do not know why)
and because i am a bear of that pair, i just tell it every chance i get.
There shall be no QE3
  • #630,205
  • Apr 21, 2012 10:05am Apr 21, 2012 10:05am
Quoting daecpa
Hi everyone,
I am stuck on a hedge position at eurusd as forced by a margin call. Guess my view is that the eur could rise a bit more (maybe 1.33700?) and then hopefully fall. Mi idea is , if that happens, close the buy orders (at 1.32200) and then leave the sells opened in the hope of a sharp fall. Attached enclosed my screen shot. any ideas on how to manage this mess are really, really appreciated.
thanks to all in advance
Hi Daecpa

I am also short on this pair.
I am sure it will go down in the future but as of tomorrow it is just not possible to know until the market open or to best put it until London open and then you can watch the PA with some volume behind it.
I have open and closed some longs yesterday and then reopened a long before the market closed worth 50% of my short position.
my shorts are not as low entry as yours are, and not as high leverage, but still under water at the moment.
My 50% hedge position is my insurance policy for the weekend because of the news that can come out.
Although I feel that this pair is to go down that doesn't mean I expect it to happen next week.
My feeling is that it will go testing the 3250 3260 area few times before it shows a direction.
I will scalp some longs thereabout and then decide on what to do.
The potentials to reach the 3340 area cannot be ruled out today.
One thing is that the market always correct itself, so if you are not overleveraged somehow you can cut your losses down or come out on top.
but risking a lot is just going to give you heart ache.
I can feel your stress.
Hope you get it sorted
  • #630,206
  • Apr 21, 2012 10:11am Apr 21, 2012 10:11am
Quoting Helloguys
is the 61,80 fibo
from low january 1,2625
to high february 1,34848

130 yes is very close to 12950, i just have a conspiracy theory in my mind, that some ppl do not want to see (for now?) euro under phsycological 130. ( i do not know why)
and because i am a bear of that pair, i just tell it every chance i get.
Thanks buddy.

I'm bear too, in fact, my STO get dragged up from all the way down from 1.3139 D'OH

If I may know why do you have downward bias.
deep RoT is essential for everlasting happyness
  • #630,207
  • Apr 21, 2012 10:15am Apr 21, 2012 10:15am
Quoting pips-scout
Hi Daecpa

I am also short on this pair.
I've just checked TF 15 CHART. MACD is way above zero level. not time to short yet, I think.
deep RoT is essential for everlasting happyness
  • #630,208
  • Apr 21, 2012 10:18am Apr 21, 2012 10:18am
Quoting X.work
Thanks buddy.

I'm bear too, in fact, my STO get dragged up from all the way down from 1.3139 D'OH

If I may know why do you have downward bias.
i have told it before. all my real money savings, i transfer it to US dollar. Cause I believe in power of US and i think EU is a full of crap.

the main reason that i am bear is cause i believe that scalpers are moving high that pair, and does not have the funtamental momentum to see from close 1,36/

Also look that long tern TA. Is in greek, go to 4:20

Inserted Video


of course can be mistaken and go higher and eat my s...
There shall be no QE3
  • #630,209
  • Apr 21, 2012 10:30am Apr 21, 2012 10:30am
Quoting Helloguys
i have told it before. all my real money savings, i transfer it to US dollar. Cause I believe in power of US and i think EU is a full of crap.

the main reason that i am bear is cause i believe that scalpers are moving high that pair, and does not have the funtamental momentum to see from close 1,36/

Also look that long tern TA. Is in greek, go to 4:20

http://www.youtube.com/watch?feature...&v=OeevDBgs5Es

of course can be mistaken and go higher and eat my s...
Yes, euro is a piece of crap, i think in 1 month will be in 1.27
  • #630,210
  • Apr 21, 2012 10:32am Apr 21, 2012 10:32am
Quoting pips-scout
Hi Daecpa

I am also short on this pair.
I am sure it will go down in the future but as of tomorrow it is just not possible to know until the market open or to best put it until London open and then you can watch the PA with some volume behind it.
I have open and closed some longs yesterday and then reopened a long before the market closed worth 50% of my short position.
my shorts are not as low entry as yours are, and not as high leverage, but still under water at the moment.
My 50% hedge position is my insurance policy for the weekend because...
Thanks for your support to all of you, I do also think it can touch 3250-3270 and should fall. One of the main reasons I shorted this pair is that the situation here in Spain is quite bad, the economy really is stuck and doesn´t look any good, moreover there is no money spending from the consumers, people are afraid, we have the 1st of May -which we will see some heavy protests-, and people here are talking even of becoming a "corralito" (like Argentina in the early 00´s) all of which means it should have a negative impact on the euro, and Spain is quite a bigger impact than Greece, Portugal or Ireland, but guess some central banks are holding the level above 1.30 -so not to cause panic?- So 2+2=4 I thought, but guess in forex that is not always the answer.
  • #630,211
  • Apr 21, 2012 10:33am Apr 21, 2012 10:33am
Quoting Helloguys
...
I know one word or two in greeka. would love to learn greeka if I have time.

I believe the computer I use is obtained from junk pile on the side of the road, it can't play video, the color is smeared all over the screen.
deep RoT is essential for everlasting happyness
  • #630,212
  • Apr 21, 2012 10:49am Apr 21, 2012 10:49am
Quoting X.work
I've just checked TF 15 CHART. MACD is way above zero level. not time to short yet, I think.
It is also above the 200MA purely bulls land. but anything over 4H TF and its below
I have long time bearish view for this pair Europe is in not in the best shape.
Only France and Germany are the driving economies all of the other country are borrowing money all day long.
Everyone you talk to hate this currency they wish they never introduced it in the first place.
this currency was supposed to make things easier, but in reality everyone has less money in their pocket.
all the prices on daily necessity doubled overnight and the salary stayed the same or got lowered.
I know of a lot of people that have been dipping in their savings regularly.
There is only so much juice you can get squeezing the lemon after that its only good for the dust bin.
MR Brown did the best thing for the UK and opted out of the currency.
He wasn't stupid.
  • #630,213
  • Apr 21, 2012 10:51am Apr 21, 2012 10:51am
Quoting X.work
I know one word or two in greeka. would love to learn greeka if I have time......
I also know a few words of greek like Malaka, poosti, gamoti, gamao munara mama soo, ashtodialo, etc.
The Thief of Wall Street
  • #630,214
  • Apr 21, 2012 10:57am Apr 21, 2012 10:57am
Quoting pips-scout
It is also above the 200MA purely bulls land. but anything over 4H TF and its below
I have long time bearish view for this pair Europe is in not in the best shape.
Only France and Germany are the driving economies all of the other country are borrowing money all day long.
Everyone you talk to hate this currency they wish they never introduced it in the first place.
this currency was supposed to make things easier, but in reality everyone has less money in their pocket.
all the prices on daily necessity doubled overnight and the salary stayed...
I have friends in Ireland all of them stuck with negative equity with a 30-50 year mortgage, I have seen a real decline this Christmas for the first time since the recession hit.
I live in London and do believe that last month fuel strike scare was just a tactic from the government to improve the figure for that quarter.
The UK was on the verge of slipping back in recession.
I can only speculate, and to be honest if that was the case then its just moved the problem further down the line.
  • #630,215
  • Apr 21, 2012 10:58am Apr 21, 2012 10:58am
Quoting pips-scout
It is also above the 200MA purely bulls land. but anything over 4H TF and its below
I have long time bearish view for this pair Europe is in not in the best shape.
Only France and Germany are the driving economies all of the other country are borrowing money all day long.
Everyone you talk to hate this currency they wish they never introduced it in the first place.
this currency was supposed to make things easier, but in reality everyone has less money in their pocket.
all the prices on daily necessity doubled overnight and the salary stayed...
Some say Germany lost the war but won the peace.
  • #630,216
  • Edited 11:24am Apr 21, 2012 11:13am | Edited 11:24am
Quoting Chicky
I also know a few words of greek like Malaka, poosti, gamoti, gamao munara mama soo, ashtodialo, etc.
thats the beauty of greek language

so many worldwide famous insults

be well pal, you made me laugh

http://en.wikipedia.org/wiki/Malakas
There shall be no QE3
  • #630,217
  • Apr 21, 2012 11:18am Apr 21, 2012 11:18am
I've been lurking on the site for a while now, but felt compelled to post now because of the quality/inspiring comments that have been posted recently. As you can see, I am noob and probably will continue to lurk around here because I really dont have a business posting until I find my way, but you guys have no idea how helpful and inspiring the contributions that old members make for me and a lot of people who still dont have the courage to interact on the forums and are starting out.

Special thanks to:

@HDA: I stumbled upon this forum because I was looking for some good trading psychology books for me to read, and I read one of your posts a while ago in which you recomended "the four agreements" by Don Miguel Ruiz and all I can say is thank you for the recomendation. The agreements are so common sense and yet hard to apply, but the author just gives that extra push needed. Also by reading your posts, it seems that you are really living by those principles.

@Cloggie: Thanks, quite grateful that someone as respected as you in this forum, takes the time to lead the rest of us in the right direction. It really is about the game and the money is just the end result! Oh yeah, its been a couple of months since I started and already my now Ex-girlfriend forced me to make a decision because of how much time Im dedicating and I packed her bags and wished her good luck (true story).

Thanks all of you! GREAT COMMUNITY!
"Trading: the hardest easy money you're going to earn." -Mark Douglas.
  • #630,218
  • Apr 21, 2012 11:39am Apr 21, 2012 11:39am
Blimey, pages and pages filled of clueless guesses as to direction, levels and targets, doesn't anyone of you ever look at a daily?

What is with all the doommongers saying that the euro is toast and we are gonig to 1.27 because employment is high in Spain or house owners are underwater in Ireland????


How bout a Trillion dollar TRTO, 430 Bn IMF, that's a sh!tload of zeros. Nobody really cares about the unemployment in Spain, that country is fecked for a generation, you know what, their own doing, let them live with it, they gotten themselves in the sh!t, it is up to them to start shoveling.

The only thing that is going to get us to 1.27 are the spreads and CDS rates, nothing else. Government debt in the EU has lost its cache after Greece. Germany has never had it so good, the lowest unemployment ever, that is what is driving the EU, not some unemployed housebuilders in Spain, some Sardine fishermen in Portugal or some dodgy cab drivers in Greece.

The periphery is fecked, look back over my post about the subject from 2 years ago here, no surprises on my end, and guess what neither in the market.

Ah well, don't mind me.
  • #630,219
  • Apr 21, 2012 11:43am Apr 21, 2012 11:43am
To the kid underwater by 200 pips, whatever you do never ever listen to Micho, or else you may as well kiss your 6k account goodbye.

Micho is one of the best contrarians here. GS has a bounty on him of 150k, just to get hold of him, keep him in a padded room probe all his orifices and make sure that not a single of their 15,000 traders ever does what Micho does. He is the personification of why the average retailer will never make it in this business.
  • #630,220
  • Apr 21, 2012 11:47am Apr 21, 2012 11:47am
Quoting cloggie
Blimey, pages and pages filled of clueless guesses as to direction, levels and targets, doesn't anyone of you ever look at a daily?

What is with all the doommongers saying that the euro is toast and we are gonig to 1.27 because employment is high in Spain or house owners are underwater in Ireland????


How bout a Trillion dollar TRTO, 430 Bn IMF, that's a sh!tload of zeros. Nobody really cares about the unemployment in Spain, that country is fecked for a generation, you know what, their own doing, let them live with it, they gotten themselves...
I get a strange feeling of liking you after reading your this post........................... and surprisingly I am not drunk.

Good Post.
The Thief of Wall Street
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