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  • #630,261
  • Apr 21, 2012 1:26pm Apr 21, 2012 1:26pm
Quoting daecpa
ok, got your point, besides closing the trades and admitting the loss, what would you do if you were in this position (of course I know you will have never ended in that position), but if you are such a long experienced trader, you could suggest a way out of this, or at least try, like some other in the forum have done. Guess you see euro going up?, so might as well close the sell orders and leave the buy ones open? this amount of money i can afford to lose, it is just a small acount, but want to see if there is a way out before surrendering. I...
dont close your positions now

at 1.3228 close the longs, then at the short signals close your shorts at targets and at long signals take longs. just dont add to the shorts
When life gives you lemons, make lemonade
  • #630,262
  • Apr 21, 2012 1:28pm Apr 21, 2012 1:28pm
Quoting cloggie
BTW what you did is not hedging. ... What you did was seeing that you had fucked up in your trade, but instead of owning up to it and being a man and just close the piece of sh!t trade out, you took out an opposing position in the same instrument, that is not hedging, that is lying to yourself ... You end up with nothing and are now royally fecked, I ... "nedging" was invented by retail brokers to get more spread and commission out of you.
It's good to see you are still giving advice and painting reality with all the refusal to coddle or suffer fools gladly that's warranted.

Since many of the names are unfamiliar from six months ago, evidently not all take it to heart.
  • #630,263
  • Apr 21, 2012 1:44pm Apr 21, 2012 1:44pm
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
This guy has a great tallent for finding tops and bottoms. A real muppet.

He could make alot of money sending signals...I could get rich taking the opposite of his trades.
  • #630,264
  • Apr 21, 2012 1:45pm Apr 21, 2012 1:45pm
Quoting micho
dont close your positions now

at 1.3228 close the longs, then at the short signals close your shorts at targets and at long signals take longs. just dont add to the shorts
You are an idixt
New voice message: Why are you calling me? If I need you, I'll call you!
  • #630,265
  • Apr 21, 2012 1:45pm Apr 21, 2012 1:45pm
Daecpa, if you are going to be a fighter, then you have to be a good one. You can't go in the ring swinging away, hoping to land a lucky punch. You'll get knocked out.

I'm not here too long when I manage to figure out that Cloggie is one of the more respected traders in this forum. You can take a position just because he is taking that same one. You have to take time to develop your methodology. You have to be bale to independently enter the market, and at the drop of a hat be able to explain why you entered and where the market is headed. It takes a lot of effort to study the markets and develop a method of trading that fits your personal style. But just like in fighting, once you go through the proper training, you get some sparring done, maybe even get bloodied, then you are ready to jump in the proverbial ring and do some fighting.
Moral of the story?: You can just jump in the ring and fight and lose 1,000's, or go through proper training and make millions.
The choice is yours.


Quoting daecpa
ok, got your point, besides closing the trades and admitting the loss, what would you do if you were in this position (of course I know you will have never ended in that position), but if you are such a long experienced trader, you could suggest a way out of this, or at least try, like some other in the forum have done. Guess you see euro going up?, so might as well close the sell orders and leave the buy ones open? this amount of money i can afford to lose, it is just a small acount, but want to see if there is a way out before surrendering. I...
  • #630,266
  • Apr 21, 2012 1:46pm Apr 21, 2012 1:46pm
Quoting KillerWhale
You are an idixt
(Because if we use the word IDIOT, the post will get thrown out)
New voice message: Why are you calling me? If I need you, I'll call you!
  • #630,267
  • Apr 21, 2012 1:46pm Apr 21, 2012 1:46pm
Quoting cloggie
Keeping the hedge going will get you nowhere, the only way to make up for it is to double up and hope that you get a 200 pip run or treble up and hope you get a 100 pip run. Both need to be straight runs with no retrace or else you have to increase your net long exposure even more.

Any retrace on the H4 (and we are due for one, just don't know where yet) will ruin your changes of netting out your loss.

Look at the DAX on the daily, we are consolidating there and are eyeballing 7380 once that consolidation finishes. We had some good run up on...
Thanks very much for your answer and your professional view on the actual situation. Obviously this will teach me another lesson and managing this trade, whether succesfully or not will be an intensive experience. Once again, thanks for your view.
  • #630,268
  • Apr 21, 2012 1:48pm Apr 21, 2012 1:48pm
Quoting KillerWhale
You are an idixt
dont need to remind you i am not the one holding a short on GPBJPY which is now indeed -300... so if you say i am an idiot, not sure what will you be. i am sure you are babbling now after your bottle...
When life gives you lemons, make lemonade
  • #630,269
  • Apr 21, 2012 1:50pm Apr 21, 2012 1:50pm
Quoting daecpa
Thanks very much for your answer and your professional view on the actual situation. Obviously this will teach me another lesson and managing this trade, whether succesfully or not will be an intensive experience. Once again, thanks for your view.

No problem, now go away from this place and think about what you did and why, be honest with yourself.

Then make a choice in how to deal with not the issue at hand, the 200 pip crap trades, but the bigger underlying issue of how you got to this in the first place.

Make a choice, one that you believe in, not one that some anonymous poster here gives you, and especially don't go for the hope option that Micho is offering you.

I gave you an option how to get out of it, it ain't good, and it isn't really going to change a whole heck of a lot in your trading.

The hard choice is obvious, but you will come out a better trader in the end.

Good luck, no need to let us know, no need to get approval here, your money, your choice.
  • #630,270
  • Apr 21, 2012 1:52pm Apr 21, 2012 1:52pm
Quoting micho
at the short signals close your shorts at targets and at long signals take longs.

Freakin heck, is that your answer? You just throw out stock phrases to appear more knowledgeable then you really are.

You, kiddo are one of the biggest idiots on this thread.


Piss of, I have made anyone here aware of how clueless you are so go and take your scam somewhere else, no business to be had here as long as I have any say in it.
  • #630,271
  • Apr 21, 2012 1:53pm Apr 21, 2012 1:53pm
Trading is like playing a sport
When you lose and dont want admitted or accept it
what will be the public think..? Yes,they wont respect you
Is the same like trading..trader who are keep hold their loses is the example,as the result Mr.Market will calling sooner or later..
If there was easy money lying around,no one would be forcing it into your
  • #630,272
  • Apr 21, 2012 1:54pm Apr 21, 2012 1:54pm
Quoting KillerWhale
(Because if we use the word IDIOT, the post will get thrown out)

But he is an idiot, no need to beat around the bush, just say it the way it is:

Micho is an idiot, there, said it.
  • #630,273
  • Apr 21, 2012 1:56pm Apr 21, 2012 1:56pm
Quoting OldQuant
It's good to see you are still giving advice and painting reality with all the refusal to coddle or suffer fools gladly that's warranted.

Since many of the names are unfamiliar from six months ago, evidently not all take it to heart.

You and I both have seen "newer" traders make the same mistake over and over for decades, nothing you and I will ever say will change that, but in the here and now, hopefully it will make a difference in a few people's live reading this little snapshot of a few posts till they get muddled in 100's of junk ones and lost in posterity.
  • #630,274
  • Apr 21, 2012 1:56pm Apr 21, 2012 1:56pm
anyway its your call Spanish boy... you can lose 4000 dollars now by closing everything, or you can close the trades at the right times, you chose you win or lose
When life gives you lemons, make lemonade
  • #630,275
  • Apr 21, 2012 1:58pm Apr 21, 2012 1:58pm
Quoting FXMindset
Trading is like playing a sport
When you lose and dont want admitted or accept it
what will be the public think..? Yes,they wont respect you
Is the same like trading..trader who are keep hold their loses is the example,as the result Mr.Market will calling sooner or later..
another side of human ugly..only wants profits but dont want loss

treat the loss as the business cost and if the loss is bigger...treat it as the Annual Bonus for your staff..whatever its christmas Bonus Or chinese new year Hong Bao..etc...
and review what you did each year,learn it and fix it then motivated yourself for achieve the bigger sales next year....Lol
If there was easy money lying around,no one would be forcing it into your
  • #630,276
  • Apr 21, 2012 2:01pm Apr 21, 2012 2:01pm
Quoting daecpa
That is more or less what I plan to do, I have been in this position before and came out almost even twice, and took a big loose once. the way I handled it was, when there were no big news and the market within a range, was basing on stochastic 5 minutes timeframe, whenever it was on the bottom and lines crossed, bought, and the other way when it was on the opposite. It was just a small range of 7-10 pips and took me 3 days to get out of it.
If any one can show me the small resistances/supports from 1.2950 to 1.34(if that...
@Micho:

Here we go - The Psychology of Trading at work. I told you - He will only do it again and again and again and ONLY keep ending up in this mess. He has not learnt.

Learning Is A Change In One's Behaviour - has his behavior changed? He has showed that it hasnt.

In cases like these where a personality such as daecpa is concerned, the best help anyone can give to him - is to let the FORCE OF CIRCUMSTANCES be his teacher.

Daecpa only learns by making mistakes the hard way - its in his DNA - we in the forum have to accept this truth and embrace him nonetheless and not castrate him.

No matter how stubborn a child is, the child is still your child. He's a member of Forex Factory so he still family, so we should help if he asks for it, wether he likes the truth or not.

Micho: You are putting a band aid over the wound. You have to deal with the chronic causal source. You have to get to the seed of soil and fix that. I know you mean well but sometimes you have to feel to learn.

@Daecpa: I just read Cloggie's post and the best way to get rid of all your bad habits is do DEMO trade them. Try everything on a DEMO and get it all out of your system - do all the techniques and madness possible and get it out of your system - then once you have gotten that out of your system - then you settle down and look at the market serious.

I make myself available to you to answer your questions when I can if I have the time. With the freedom that you have, trade as you see fit, learn your lessons as you go along and always remember this, "Where Ever You Find Your Behind, Its Your Mind That Put You There"

I just popped in to see how daecpa was doing. I usually forget about trading over the weekends and here I am - taking about trading.

Im OUT until SUNDAY

Take care

HDA OUT

@Cloggie - It would be nice to read, HAT COAT DOOR again
@PKIMNYC: All the Best
@KillerWhale: You've Answered Your Question - even though I know you are joking
@Chicky: I love your humour - dont change
  • #630,277
  • Apr 21, 2012 2:03pm Apr 21, 2012 2:03pm
Quoting HDA
@Micho:

Here we go - The Psychology of Trading at work. I told you - He will only do it again and again and again and ONLY keep ending up in this mess. He has not learnt.

Learning Is A Change In One's Behaviour - has his behavior changed? He has showed that it hasnt.

In cases like these where a personality such as daecpa is concerned, the best help anyone can give to him - is to let the FORCE OF CIRCUMSTANCES be his teacher....
Human Nature Hard to Change and People never learn...even they learn,they still repeated...its because human driven by emotion mostly...Oh my...what a life,
If there was easy money lying around,no one would be forcing it into your
  • #630,278
  • Apr 21, 2012 2:08pm Apr 21, 2012 2:08pm
Quoting micho
dont need to remind you i am not the one holding a short on GPBJPY which is now indeed -300... so if you say i am an idiot, not sure what will you be. i am sure you are babbling now after your bottle...
FYI: My average short GJ is -/- 60 pips at the moment with a 20 pip spread.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #630,279
  • Apr 21, 2012 2:08pm Apr 21, 2012 2:08pm
Quoting Helloguys
Cause I believe in power of US and i think EU is a full of crap.
Greeks should know...
  • #630,280
  • Apr 21, 2012 2:11pm Apr 21, 2012 2:11pm
Quoting cloggie
Freakin heck, is that your answer? You just throw out stock phrases to appear more knowledgeable then you really are.

You, kiddo are one of the biggest idiots on this thread.


Piss of, I have made anyone here aware of how clueless you are so go and take your scam somewhere else, no business to be had here as long as I have any say in it.
I completely agree with that
New voice message: Why are you calling me? If I need you, I'll call you!
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