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  • #722,521
  • Nov 26, 2012 4:49pm Nov 26, 2012 4:49pm
Quoting EuroTrader
Euro Party!
Ahh yes, it must've cost a lot to make market move that much! Oh well, they just print it
Even the worst trade can close with profit. Just give it time.
  • #722,522
  • Nov 26, 2012 4:50pm Nov 26, 2012 4:50pm
Quoting attila
It can be done, unwinding the loser slowly with new profit but it requires so much finesse.. I wouldn't get into doing it with a 200 pips gap between the hedges..
Agreed...but when the guy driving asks what hedging means...I'm probably not going to back that horse.
  • #722,523
  • Nov 26, 2012 4:50pm Nov 26, 2012 4:50pm
Quoting attila
Maybe, but not when you're so under the gun.
True, it does become quite difficult, I find the best way to do it, is gradually reduce it, 10% long / 10% short so on so forth,

Ideally not get in that situation at all, but if it does happen I see that as best option
Even the worst trade can close with profit. Just give it time.
  • #722,524
  • Nov 26, 2012 4:50pm Nov 26, 2012 4:50pm
since the news is out now...looking hard if we there to s 3024/37ish area
those who can, do. those who cant, talk about those who can
  • #722,525
  • Nov 26, 2012 4:50pm Nov 26, 2012 4:50pm
Quoting attila
It can be done, unwinding the loser slowly with new profit but it requires so much finesse.. I wouldn't get into doing it with a 200 pips gap between the hedges..
You ever took a position with more than 200 pips in red ?
"It's the Margin, Stupid."
  • #722,526
  • Nov 26, 2012 4:51pm Nov 26, 2012 4:51pm
Quoting kenfen69
Agreed...but when the guy driving asks what hedging means...I'm probably not going to back that horse.
And when he thinks he loses money on a short when the chart drops
Even the worst trade can close with profit. Just give it time.
  • #722,527
  • Nov 26, 2012 4:51pm Nov 26, 2012 4:51pm
Quoting John Gray
This is hilarious. EU leaders must be having a party
I'm sure they must be FX trading, go long then leak that a deal is done. Book profit, go short then cast doubt on the deal. Profit
  • #722,528
  • Nov 26, 2012 4:51pm Nov 26, 2012 4:51pm
lol.. nice to see someone took the sudden spike down.. and wake from bear dream

such a happy family ..
  • #722,529
  • Nov 26, 2012 4:51pm Nov 26, 2012 4:51pm
Quoting pkimnyc
no one can tell you that, nor no one can tell you what to do. if i remember correctly, you've been given advises from many people, yet you still haven't done anything to fix that.

my take on euro is to the upside, but that is within my risk. and that certainly doesn't mean it also applies to you.
Now that it's spiked out of the wedge 40 pips, it's headed to then next resistance zone. He'll eat another 15 pips before any possibility of relief. Had he cut his losses days ago he could be saving his money and shorting at the appropriate area with reasonable risk, but some people let emotions get the best of them.
  • #722,530
  • Nov 26, 2012 4:52pm Nov 26, 2012 4:52pm
Quoting John Gray
especially when trading 5 standard lots short from 1275..



Oh my it just broke 1.30
nope pierced only for now, this little spike into resist 1 3000 has not proven true as yet, I am still prefer track swissy, and inverted H&S is still in play until a new low(head) is printed bears are still in this fight

ff page is all stuff up
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If you are new to Forex? Say Goodbye to your account!!
  • #722,531
  • Nov 26, 2012 4:53pm Nov 26, 2012 4:53pm
Quoting John Gray
I traded demos and live same time for 2 years.
Trade smallest lots so practically demo account, but the reality of it puts your mind in a different ball game.
GREAT advice, here is what I do, place a feeler trade for 0.5% risk at 100 pips, wait for price action to prove the direction, take more trades on further price action confirmation, take profit at 1% of current account balance, repeat as required.

People think they are "right" or they so afraid to miss out so they place big position immediately with disastrous results, as we see from Daytrader74.

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It takes a lot for me to IGNORE you, but you can try.
  • #722,532
  • Nov 26, 2012 4:53pm Nov 26, 2012 4:53pm
Quoting bennyblanco
I'm sure they must be FX trading, go long then leak that a deal is done. Book profit, go short then cast doubt on the deal. Profit
and then confirmation of deal..........Triple
Even the worst trade can close with profit. Just give it time.
  • #722,533
  • Nov 26, 2012 4:53pm Nov 26, 2012 4:53pm
Quoting John Gray
Ahh yes, it must've cost a lot to make market move that much! Oh well, they just print it
It's only the start ... the drop was determined by sell orders triggered ... but if it pass 1.3007 then ... 1.3020, 1.3080
  • #722,534
  • Nov 26, 2012 4:54pm Nov 26, 2012 4:54pm
Quoting Rouby
the real problem in hedging since i faced it before that you never know the right time for unwinding the hedge you keep on losing its really hard for a beginner to get out of it, hopefully he can do it!
Which is why I seriously didn't think it was a good option for the poor fella. I wasn't suggesting it there in the post you quoted. That was my Voice of Vachous (sp?) without using quotation marks.

Pull the plug...walk away...come back some other time if you still want to play, and have invested some more time to learn a very difficult game...be it through demo...or 0.01 lots.

Anyway...it hurts, but it happens...far more often than we here about, I'm sure.
  • #722,535
  • Nov 26, 2012 4:54pm Nov 26, 2012 4:54pm
Quoting chazzle
where's PTL and his 05 short?

right here, bidding 2867...
Look Sharp/Trade Tight
  • #722,536
  • Nov 26, 2012 4:55pm Nov 26, 2012 4:55pm
Quoting Vachus
You ever took a position with more than 200 pips in red ?
I did. Not lately though. And even then the position size was so small compared to the account that I could have gone 2-3K pips upside down and not sweat.. It's not really the same situation..
  • #722,537
  • Nov 26, 2012 4:55pm Nov 26, 2012 4:55pm
Quoting Erebus
GREAT advice, here is what I do, place a feeler trade for 0.5% risk at 100 pips, wait for price action to prove the direction, take more trades on further price action confirmation, take profit at 1% of current account balance, repeat as required.

People think they are "right" or they so afraid to miss out so they place big position immediately with disastrous results, as we see from Daytrader74.

Even the worst trade can close with profit. Just give it time.
  • #722,538
  • Nov 26, 2012 4:55pm Nov 26, 2012 4:55pm
Seemed like a half-hearted stab through 1.30 to me.
  • #722,539
  • Nov 26, 2012 4:56pm Nov 26, 2012 4:56pm
Quoting John Gray
and then confirmation of deal..........Triple
Yeh, check there wives FX accounts. Though I'm not sure if even these lot would be that dumb, after the now former SNB chief got busted for that
  • #722,540
  • Nov 26, 2012 4:56pm Nov 26, 2012 4:56pm
Quoting gatorinla
3024/25 another. to look for weakness now. we just got bounced off the 3024 mid.. 2992 atm

Gator...Seems that you are seing the same numbers that I've been looking at for a while now...

Sometimes this dog hunts...sometimes not...
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