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  • #711,821
  • Oct 26, 2012 7:43am Oct 26, 2012 7:43am
Quoting hitmanparty
(bonehead trade, I thought I put a stop loss, turns out I didn't)
I opened a buy position EUR/USD at 1.3122 a few days ago. I'm now -$847 ($50,000 position), is it possible that the EUR/USD will touch on this 1.31 area next week due to Spain's ridiculous unemployment figures and the plethora of German headlines next week?
I'm so flustered and frustrated with myself. Any advice at all would be most appreciated! Thanks
Hey man, that sucks...
Obviously the market doesn't *have* to do anything, but a bounce into the 1.3040 area seems normal based on statistics... it might even pop into 3070... but you'd have to seriously consider a cut-off point for yourself just in case price goes down again... I wish you good luck.
  • #711,822
  • Oct 26, 2012 7:45am Oct 26, 2012 7:45am
Where is Killer Whale these days?
Even the worst trade can close with profit. Just give it time.
  • #711,823
  • Oct 26, 2012 7:46am Oct 26, 2012 7:46am
Quoting BlueCirrus
Yeah...read a story where a group of HF managers and bank FX traders were interviewed and they were complaining about the difficult trading environment too.

Hell, I get an adrenaline rush if I actually get a trade off here lately...lol
I wouldn't worry about those fuckers.. They must be loaded and they're the ones fucking it all up with all the fakes.. It's interesting to watch the fakes at very valid s/r. They've got this down to an art.. I wish one day I'll catch one of those algos and stab it in the eye..

sorry Max, LOL.
  • #711,824
  • Oct 26, 2012 7:47am Oct 26, 2012 7:47am
Quoting John Gray
Where is Killer Whale these days?
He was heavily loaded on usd/cad shorts. I think he is done with his account.
  • #711,825
  • Oct 26, 2012 7:49am Oct 26, 2012 7:49am
Quoting Nachiket
He was heavily loaded on usd/cad shorts. I think he is done with his account.
Actually killer whale had some very sad family business to deal with read his posts from yesterday.
  • #711,826
  • Oct 26, 2012 7:50am Oct 26, 2012 7:50am
Quoting Sti
Hey man, that sucks...
Obviously the market doesn't *have* to do anything, but a bounce into the 1.3040 area seems normal based on statistics... it might even pop into 3070... but you'd have to seriously consider a cut-off point for yourself just in case price goes down again... I wish you good luck.
We are in a downwards channel. until this is broken, i believe having a NET short position is key for the next week anyway
Even the worst trade can close with profit. Just give it time.
  • #711,827
  • Oct 26, 2012 7:51am Oct 26, 2012 7:51am
Quoting supertubes
Actually killer whale had some very sad family business to deal with read his posts from yesterday.
that was kiwitrada mate..
Even the worst trade can close with profit. Just give it time.
  • #711,828
  • Oct 26, 2012 7:51am Oct 26, 2012 7:51am
Quoting John Gray
that was kiwitrada mate..
oops lol
  • #711,829
  • Oct 26, 2012 7:53am Oct 26, 2012 7:53am
MaxDoom loves volatility
Attached Image (click to enlarge)
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  • #711,830
  • Oct 26, 2012 7:54am Oct 26, 2012 7:54am
Ok, let's see the facts....draw the trendline on D1 chart...1.2910...we bounced up from this level!
Why? US has a great GDP data...we had to broke down this trendline...but suddenly Spanish talks arrive...why? because...if this trendline breaks...euro will goes down...
Down...and down...and 1.26...1.25 won't be a dream...
Draghi said do not short euro....(because if the greenback going to stronger, we will hold the balance with fake news....)
  • #711,831
  • Oct 26, 2012 7:56am Oct 26, 2012 7:56am
Quoting BlueCirrus
Have you noticed that the PA has been very difficult since the end of June? May be that it just does not fit my style, but most days over the last three months I take a look at the charts and then go do "something else". lol
You are not alone in that thinking. It has been different. News used to move PA a certain way-certainly the release of GDP as today-but now the market remains relatively constrained in tighter bands with less volatility. Might have something to do with the greater application of algos.

Short AUD @68 and XAU @1714
"The market can remain irrational longer than you can remain solvent"
  • #711,832
  • Oct 26, 2012 7:57am Oct 26, 2012 7:57am
Quoting attila
I wouldn't worry about those fuckers.. They must be loaded and they're the ones fucking it all up with all the fakes.. It's interesting to watch the fakes at very valid s/r. They've got this down to an art.. I wish one day I'll catch one of those algos and stab it in the eye..

sorry Max, LOL.

Oh, I have no sympathy for 'em...would like to take every cent they have! That willl never happen, but one can daydream every now and then! lol


Was watching for a two-legged bounce to short 6E and ES again, but didn't get it....May get another leg higher now...
  • #711,833
  • Oct 26, 2012 7:58am Oct 26, 2012 7:58am
Quoting MaxDoom
MaxDoom loves volatility
same just took out a long and a short in that wave!!!!!
Even the worst trade can close with profit. Just give it time.
  • #711,834
  • Oct 26, 2012 7:59am Oct 26, 2012 7:59am
Quoting MaxDoom
MaxDoom loves volatility
Hey Max,

whats your short target for today? I am looking at a retest of 1.289.
  • #711,835
  • Oct 26, 2012 8:00am Oct 26, 2012 8:00am
Quoting John Gray
same just took out a long and a short in that wave!!!!!
good job - I try not to trade both directions I find it reduces my focus on correct setups and you run the danger of getting out of sync with the whipsaws and then...... well you know
  • #711,836
  • Oct 26, 2012 8:01am Oct 26, 2012 8:01am
Quoting akedemik
Hey Max,

whats your short target for today? I am looking at a retest of 1.289.
Me also... :-)
  • #711,837
  • Oct 26, 2012 8:01am Oct 26, 2012 8:01am
Quoting akedemik
Hey Max,

whats your short target for today? I am looking at a retest of 1.289.
that would be a start but is has to clear 2915 first, I would like to see 2850 but there does not seem to be enough momentum kicking around for that
  • #711,838
  • Oct 26, 2012 8:03am Oct 26, 2012 8:03am
yeah I am in my last trade for day short at 36 here. this seems like its gonna be a headache for both longs and shorts and scalping would just be the way to go, well see.
  • #711,839
  • Oct 26, 2012 8:06am Oct 26, 2012 8:06am
Quoting MaxDoom
good job - I try not to trade both directions I find it reduces my focus on correct setups and you run the danger of getting out of sync with the whipsaws and then...... well you know
yeah, i know

im trading that H4 downward channel that ive been chanting.
Even the worst trade can close with profit. Just give it time.
  • #711,840
  • Oct 26, 2012 8:08am Oct 26, 2012 8:08am
Quoting akedemik
Hey Max,

whats your short target for today? I am looking at a retest of 1.289.
todayy??? forget it...we will end above 1.2930!!
Quoting xandi
think the day will end up the supperior line, only shadow below that..no decision of breaking nightmare zone once moree,...only traps after traps!http://www.forexfactory.com/attachme...1&d=1351257747

ps: the only trade this day I had was a long since 2895, stupidity closed!
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