Guten Nacht aus der Schweiz! Bis morgen.
- #32,281
- May 24, 2012 12:39pm May 24, 2012 12:39pm
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
Guten Nacht aus der Schweiz! Bis morgen.
- #32,283
- May 24, 2012 12:58pm May 24, 2012 12:58pm
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
Allow me to give you a good hint. Think 1.2420. That should give us a bounce back towards (but not quite) 1.2620
Allah has permitted trade and has forbidden interest [koran]
- #32,284
- May 24, 2012 1:05pm May 24, 2012 1:05pm
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
Guten Nacht aus der Schweiz! Bis morgen.
Allah has permitted trade and has forbidden interest [koran]
- #32,287
- Edited May 25, 2012 11:46am May 24, 2012 2:09pm | Edited May 25, 2012 11:46am
- | Commercial User | Joined Apr 2012 | 1,121 Posts
Just thought I'd share my horrible luck with you all
Shorted 25835 with 20x leverage, s/l 25880 bid. Offer moves to 2587 (2589 bid) before rolling over 20 pips in 10 mins, and eventually 60 pips within 2 hours.
0.9% loss (was up over 1% on the day so no risk to this trade really). If I had S/L set just slightly higher to 1% loss, s/l wouldn't have triggered and ... I would be up 10% on the day.
Why did I get short? See chart (yellow line is entry, red is s/l), 1st test of 5m plum line, usually marks the trailing stops for the shorts, especially at the start of a move. Notice how it was the trailing stop point the whole way down. Only time it fails is once the move is coming to an end.
Sometimes its worth it to me to try and get these big gains. Although I should have used 10x leverage with a 10 pip stop, not 20x with a 4 pip stop.
I guess something is trying to tell me that I should follow my own rule of no more than 10x leverage ever, no matter what. 10x would still be 5% on the day but wouldn't have got stopped out!
Was stupid of me to place the stop not above the plum line. Ugh. Too much leverage will do that to you. Fear of losing more than 1% lol.
Everyone have a great evening, and tomorrow I'm going to get these bastards back!
Hope everyone had green pips today. And hopefully Fahad held his shorts from 1.2519 as he had a chance to get out at BE if he did.
Shorted 25835 with 20x leverage, s/l 25880 bid. Offer moves to 2587 (2589 bid) before rolling over 20 pips in 10 mins, and eventually 60 pips within 2 hours.
0.9% loss (was up over 1% on the day so no risk to this trade really). If I had S/L set just slightly higher to 1% loss, s/l wouldn't have triggered and ... I would be up 10% on the day.
Why did I get short? See chart (yellow line is entry, red is s/l), 1st test of 5m plum line, usually marks the trailing stops for the shorts, especially at the start of a move. Notice how it was the trailing stop point the whole way down. Only time it fails is once the move is coming to an end.
Sometimes its worth it to me to try and get these big gains. Although I should have used 10x leverage with a 10 pip stop, not 20x with a 4 pip stop.
I guess something is trying to tell me that I should follow my own rule of no more than 10x leverage ever, no matter what. 10x would still be 5% on the day but wouldn't have got stopped out!
Was stupid of me to place the stop not above the plum line. Ugh. Too much leverage will do that to you. Fear of losing more than 1% lol.
Everyone have a great evening, and tomorrow I'm going to get these bastards back!
Hope everyone had green pips today. And hopefully Fahad held his shorts from 1.2519 as he had a chance to get out at BE if he did.
An opportunity lost is not a capital cost.
- #32,288
- May 24, 2012 2:12pm May 24, 2012 2:12pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #32,289
- May 24, 2012 2:18pm May 24, 2012 2:18pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
thank you PT. i agree with u but i have to take this trade otherwise i will not have anything to stand on.i admire u for ur humblenss and u being a good human being.since i respect u what i will do now is my smallest position i will start here and build it till 1.2420 in such a way that if price reach 12350 the loss will be not more than 0.75 to 1 % and then i will bring my shot gun at 1.2420 with stop loss about 100 to 150 pips down and if it touch then the total loss will be not more than 5 to 6% of my equity.God bless u PT and give u more success...
Those who say it cannot be done should not interrupt those who are doing it
- #32,290
- May 24, 2012 2:27pm May 24, 2012 2:27pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
FX it is consider very rude if one talk in a differnet language which not everyone knows.if ur so inclined then u can always send PM to the person concern but not in public forum where every one talk in english.
English: Good night from Switzerland! Till the morning.
Maltese: Il lejl it tajjeb miz Zvizzera! Sa l-ghodu.
French: Bonne nuit de Suisse! A le matin
Italian: Buona notte da Svizzera! Alla mattina
Arabic: مساء الخير من سويسرا. حتى الصباح
Those who say it cannot be done should not interrupt those who are doing it
- #32,291
- May 24, 2012 2:29pm May 24, 2012 2:29pm
- | Commercial User | Joined Jun 2009 | 5,468 Posts
Stocktwit: LuisCarlos - twitter: @lcparodi
- #32,292
- May 24, 2012 2:30pm May 24, 2012 2:30pm
- | Commercial User | Joined Jun 2009 | 5,468 Posts
German: Guten Nacht aus der Schweiz! Bis morgen
English: Good night from Switzerland! Till the morning.
Maltese: Il lejl it tajjeb miz Zvizzera! Sa l-ghodu.
French: Bonne nuit de Suisse! A le matin
Italian: Buona notte da Svizzera! Alla mattina
Arabic: مساء الخير من سويسرا. حتى الصباح
Stocktwit: LuisCarlos - twitter: @lcparodi
Just thought I'd share my horrible luck with you all
Shorted 25835 with 20x leverage, s/l 25880 bid. Offer moves to 2587 (2589 bid) before rolling over 20 pips in 10 mins, and eventually 60 pips within 2 hours.....
...and tomorrow I'm going to get these bastards back!
GL with getting the B's back, kick em one from me!
, and btw GL everyone on this great thread.
The spoken word is your master, the unspoken word your slave.
- #32,295
- May 24, 2012 2:49pm May 24, 2012 2:49pm
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
German: Guten Nacht aus der Schweiz! Bis morgen
English: Good night from Switzerland! Till the morning.
Maltese: Il lejl it tajjeb miz Zvizzera! Sa l-ghodu.
French: Bonne nuit de Suisse! A le matin
Italian: Buona notte da Svizzera! Alla mattina
Arabic: مساء الخير من سويسرا. حتى الصباح
urdu : shab e khair
add: my apologies to FX if he feels i am rude to him.thanks
Allah has permitted trade and has forbidden interest [koran]
- #32,296
- May 24, 2012 3:10pm May 24, 2012 3:10pm
German: Guten Nacht aus der Schweiz! Bis morgen
English: Good night from Switzerland! Till the morning.
Maltese: Il lejl it tajjeb miz Zvizzera! Sa l-ghodu.
French: Bonne nuit de Suisse! A le matin
Italian: Buona notte da Svizzera! Alla mattina
Arabic: مساء الخير من سويسرا. حتى الصباح
- #32,297
- May 24, 2012 3:23pm May 24, 2012 3:23pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
For the French one it " A demain matin " or " au matin " sorry for the correction
Those who say it cannot be done should not interrupt those who are doing it
- #32,299
- Edited 10:12pm May 24, 2012 9:43pm | Edited 10:12pm
I'd really like to see a retrace today and Monday up to 1.2667, as I have a 50% fib there, a supply zone and the monthly trendline, looks tempting for a re-short. What I'd like is often ignored though 
Charts...
Charts...
"Don't Panic..."
- #32,300
- May 24, 2012 10:13pm May 24, 2012 10:13pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
I'd really like to see a retrace today and Monday up to 1.2667, as I have a 50% fib there, a supply zone and the monthly trendline, looks tempting for a re-short. What I'd like is often ignored though
Those who say it cannot be done should not interrupt those who are doing it