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EURUSD

  • #713,821
  • Nov 2, 2012 2:25pm Nov 2, 2012 2:25pm
Quoting Vachus
and you SL ?
$2
  • #713,822
  • Nov 2, 2012 2:33pm Nov 2, 2012 2:33pm
Quoting chazzle
I will - purely on techs - got a sell stop right there for 100 contracts
Hahahah very funny , i opened the chart and didn't see you sell limit for first time ...
"It's the Margin, Stupid."
  • #713,823
  • Nov 2, 2012 2:38pm Nov 2, 2012 2:38pm
DXY maximum overbought
  • #713,824
  • Nov 2, 2012 2:41pm Nov 2, 2012 2:41pm
Quoting Vachus
Hahahah very funny , i opened the chart and didn't see you sell limit for first time ...
only joking bro - will see now - officially a range ,looks like a strong bearish close into the bottom of it though - is it just bears jumping on the bandwagon with the news release? - I hear it's good news for US , jobs up - everyone job sharing now lol
Attached Image (click to enlarge)
Click to Enlarge Name: eud1.jpg Size: 66 KB
  • #713,825
  • Nov 2, 2012 2:41pm Nov 2, 2012 2:41pm
buy stop
1.2850
  • #713,826
  • Nov 2, 2012 2:53pm Nov 2, 2012 2:53pm
1/2850-60 - turn point
  • #713,827
  • Nov 2, 2012 2:59pm Nov 2, 2012 2:59pm
Quoting AlbertR
1/2850-60 - turn point
Will eur/usd go up from here or down to 1.2800, I am in bad position. ADVICE
  • #713,828
  • Nov 2, 2012 3:02pm Nov 2, 2012 3:02pm
Quoting a16908
Will eur/usd go up from here or down to 1.2800, I am in bad position. ADVICE
get out of the position
  • #713,829
  • Nov 2, 2012 3:04pm Nov 2, 2012 3:04pm
Quoting chazzle
get out of the position
or you could try this :

http://en.wikipedia.org/wiki/Martingale_(betting_system)
  • #713,830
  • Nov 2, 2012 3:10pm Nov 2, 2012 3:10pm
Quoting chazzle
or you could try this :

http://en.wikipedia.org/wiki/Martingale_(betting_system)

Or hedge it.And as soon as position turns in your favour,take minor loses and move on.
  • #713,831
  • Nov 2, 2012 3:13pm Nov 2, 2012 3:13pm
Quoting chazzle
or you could try this :

http://en.wikipedia.org/wiki/Martingale_(betting_system)
in any case...

Inserted Video
  • #713,832
  • Nov 2, 2012 3:13pm Nov 2, 2012 3:13pm
Quoting a16908
Will eur/usd go up from here or down to 1.2800, I am in bad position. ADVICE

I honestly wouldn't take the loss just yet. I opened a long at 2830. No reason to sell at the bottom of the range. If it gaps down a bit on Sunday it often closes the gap and continues upward. There will be big players early next week waiting to get short closer to 29. Hard stop right under 28 is a must though...

Good luck!
  • #713,833
  • Nov 2, 2012 3:16pm Nov 2, 2012 3:16pm
Quoting NWSTrading
I honestly wouldn't take the loss just yet. I opened a long at 2830. No reason to sell at the bottom of the range. If it gaps down a bit on Sunday it often closes the gap and continues upward. There will be big players early next week waiting to get short closer to 29. Hard stop right under 28 is a must though...

Good luck!

Blind leading the blind leading the blind leading the blind.

GTFO of your position!
Not all sins are created equal
  • #713,834
  • Nov 2, 2012 3:17pm Nov 2, 2012 3:17pm
Quoting NWSTrading
I honestly wouldn't take the loss just yet. I opened a long at 2830. No reason to sell at the bottom of the range. If it gaps down a bit on Sunday it often closes the gap and continues upward. There will be big players early next week waiting to get short closer to 29. Hard stop right under 28 is a must though...

Good luck!
ThanQ dear, can I share my screen shot with you please for advice brother?
  • #713,835
  • Nov 2, 2012 3:21pm Nov 2, 2012 3:21pm
Quoting Jay Walker
Blind leading the blind leading the blind leading the blind.

GTFO of your position!
...Or don't and give me your money
Not all sins are created equal
  • #713,836
  • Nov 2, 2012 3:22pm Nov 2, 2012 3:22pm
Quoting a16908
Will eur/usd go up from here or down to 1.2800, I am in bad position. ADVICE
First, the fact that you can admit that you are in a bad position is a good thing. But there are two things you need to do:

1. Get out

2. Stop trading. You need to stop trading until you understand and trust your current methodolgy. Of course you will have losing trades. That's the nature of trading. But if you have to ask for advice on the internet on an open position, you have bigger issues that will effect your ability to ultimately make money as a trader.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #713,837
  • Nov 2, 2012 3:22pm Nov 2, 2012 3:22pm
Quoting harshfxx
Or hedge it.
  • #713,838
  • Nov 2, 2012 3:22pm Nov 2, 2012 3:22pm
Hi,

I'm thinking about a Sell Stop @1.2800 with S/L 1.2830 for next week's open. Do you think I should position my SS a bit lower for case of fake breakout. As I can see everyone pretty much agrees that today's momentum means further decline... Any suggestions for T/P? I did not set up any yet, if it works out I plan to just let the profit run and to set up a trailing stop before Thursday (couple of important events there)
  • #713,839
  • Nov 2, 2012 3:23pm Nov 2, 2012 3:23pm
Quoting a16908
ThanQ dear, can I share my screen shot with you please for advice brother?
How much is on the line here ?
"It's the Margin, Stupid."
  • #713,840
  • Nov 2, 2012 3:23pm Nov 2, 2012 3:23pm
Quoting HiddenGap
First, the fact that you can admit that you are in a bad position is a good thing. But there are two things you need to do:

1. Get out

2. Stop trading. You need to stop trading until you understand and trust your current methodolgy. Of course you will have losing trades. That's the nature of trading. But if you have to ask for advice on the internet on an open position, you have bigger issues that will effect your ability to ultimately make money as a trader.
Well said in a diplomatic manner HiddenGap. Well said.

So in summary, GTFO of your position
Not all sins are created equal
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