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  • #733,261
  • Dec 15, 2012 7:12pm Dec 15, 2012 7:12pm
Quoting Daytrader74
What about if I take a heavy LONG position on Mondays open??
Don't add anymore just hang on to what u have if it does not drop by wednesday close all & start fresh
A good trader follows his rules, but great trader knows when to break them
  • #733,262
  • Dec 15, 2012 7:17pm Dec 15, 2012 7:17pm
Quoting attila
Excellent questions, and if we all decide to help this guy out, because we'll need more than one trader for this, then this is a good start..
I would take this as a challenge, try to save him.. do something good for this year.. but I will not do it alone. I just can't take sole responsibility for somebody else's money.
Willing to help.. depending on the answers. My thought is, if there is some room to work... either hedge or blow it out and then come up with a trade plan that makes sense. I am guessing that with the added positions to the trade... the $$ per pip is to high. Might have to work 10% of the trade (number thrown out) at a time until its handled.

Going to take time... no overnight fix with the safe approach.
  • #733,263
  • Dec 15, 2012 7:33pm Dec 15, 2012 7:33pm
Quoting math_GB
Why suggest that...??? there is a level we know of... It is around 1.3240s. There is still hope for 1.2900s... Why are you doing this...??!!?? I really don't understand. His loss is not our win... The guy said " ı am losing my shirt. We need to give him some levels to save his desperation. I have 1.3240s if it goes above 1.3500s are in the cards and he should quit but not before. This is my opinion...
Provided we stay above this level, I see nothing but mild retraces until 1.336x, considering how we have had a very powerful test and breakout on the weekly channel. If he's lucky there could be a sharpish retest of the weekly line channel at ~1.301-1.302 at most, towards the beginning of the week. Sorry man, I don't WANT anyone to loose(why would I??), but considering how fast 1.336x can come I can only recommend removing the trades asap before a margin call happens, if he is over leveraged (which is very possible.)

If you also check retail trader sentiment on the main page here and at oanda.com, you'll see there is almost a record amount of people try to short this thing. I don't mean to be malicious in any way.. these are just facts of this unfortunate situation.

Attached Image (click to enlarge)
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  • #733,264
  • Dec 15, 2012 7:37pm Dec 15, 2012 7:37pm
If he closes out with break even or profit he won't learn his lesson. Sometimes you need a good dose of pain to make you remember from your mistakes...especially after compounding on them.

Anyway I'm 75% sure he's a troll.
  • #733,265
  • Dec 15, 2012 7:39pm Dec 15, 2012 7:39pm
Quoting Big1red9
Without details, it is hard to make reasonable suggestions.

1. What is the account size. Already in loose for about 8K, still have 3K left
2. Do you have liquid capital beyond the account? YES
3. What is the current acct bal, net eqty 3K
4. What is the current size of the trade? 7 lots
5. What size did it start at? 1 lots
6. What was the date of first short and at what price? over 3 weeks ago
7. About how many times have you added? 10
8. What is you current average price? Not sure
9....
See above in bold please
  • #733,266
  • Dec 15, 2012 7:39pm Dec 15, 2012 7:39pm
Quoting Kanzler
If he closes out with break even or profit he won't learn his lesson. Sometimes you need a good dose of pain to make you remember from your mistakes...especially after compounding on them.

Anyway I'm 75% sure he's a troll.
No I not a troll, I loose my shirt
  • #733,267
  • Dec 15, 2012 7:45pm Dec 15, 2012 7:45pm
I cant wait for next week especially Monday open,

Going to be some nice pips for either bull or bear, Bears are going to defend like hell and bulls are running on high octane,
co- related pairs agree Monday is going to be a big day.

Daily Charts Aussie Cable Kiwi
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Cable Daily 16 12 2012.jpg Size: 92 KB
Click to Enlarge Name: Kiwi Daily 16 12 2012.jpg Size: 104 KB
If you are new to Forex? Say Goodbye to your account!!
  • #733,268
  • Dec 15, 2012 7:48pm Dec 15, 2012 7:48pm
Off topic, but anyone else seeing The Hobbit tonight? I am already puffing on my gandalf pipe in anticipation
  • #733,269
  • Dec 15, 2012 7:49pm Dec 15, 2012 7:49pm
Quoting KiwiTrada
I cant wait for next week especially Monday open,

Going to be some nice pips for either bull or bear, Bears are going to defend like hell and bulls are running on high octane,
co- related pairs agree Monday is going to be a big day.

Daily Charts Aussie Cable Kiwi
and contrarian swissy see yous Monday Open
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If you are new to Forex? Say Goodbye to your account!!
  • #733,270
  • Dec 15, 2012 7:49pm Dec 15, 2012 7:49pm
Quoting Daytrader74
I need some serious help bro
Daytrader,

first of all you have to sit back and read all your post & recall your action & Find the mistake you made and accept it you made mistake , we all do mistake, sad reality is we repeat them again and again.

as per your December post history you ws Euro bluish but your holding shorts answer Big1red9 Post let see what we can do it for you , screen shot may be more helpfull
Mohan
  • #733,271
  • Dec 15, 2012 7:53pm Dec 15, 2012 7:53pm
Quoting DasPips
Off topic, but anyone else seeing The Hobbit tonight? I am already puffing on my gandalf pipe in anticipation
It came out here yesterday AFAIK. Was told it was good but that they were disappointed in retrospect that they condensed the other LOTR books so much.
  • #733,272
  • Dec 15, 2012 7:55pm Dec 15, 2012 7:55pm
Quoting Daytrader74
See above in bold please


if your on mt4 this indi help you to calculate avg cost


let say you have

1 lo1 sell @ 1.30 and 2 lot sell @ 1.31

[ (1 x 1.30) + (2x 1.31) ]/ 3 = 1.30666
Attached File(s)
File Type: mq4 Detail deal.mq4   8 KB | 279 downloads
Mohan
  • #733,273
  • Dec 15, 2012 8:00pm Dec 15, 2012 8:00pm
Quoting KiwiTrada
and contrarian swissy see yous Monday Open
waiting to know faith of noda , i don't trust media projection
Mohan
  • #733,274
  • Dec 15, 2012 8:01pm Dec 15, 2012 8:01pm
Quoting DasPips
Off topic, but anyone else seeing The Hobbit tonight? I am already puffing on my gandalf pipe in anticipation

Not seeing it but I am also puffing away on my pipe
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #733,275
  • Dec 15, 2012 8:07pm Dec 15, 2012 8:07pm
Quoting BobGnarly
Not seeing it but I am also puffing away on my pipe
  • #733,276
  • Dec 15, 2012 8:14pm Dec 15, 2012 8:14pm
Quoting mohan76
if your on mt4 this indi help you to calculate avg cost


let say you have

1 lo1 sell @ 1.30 and 2 lot sell @ 1.31

[ (1 x 1.30) + (2x 1.31) ]/ 3 = 1.30666
Thanks for the indi
  • #733,277
  • Dec 15, 2012 8:23pm Dec 15, 2012 8:23pm
Quoting mohan76
waiting to know faith of noda , i don't trust media projection
yup agree, will know when fat lady start singing, havnt trusted their propaganda machine for a long time

what you seeing for monday bro,
If you are new to Forex? Say Goodbye to your account!!
  • #733,278
  • Dec 15, 2012 8:45pm Dec 15, 2012 8:45pm
Quoting Daytrader74
See above in bold please
DT,

At this moment in time, on paper your down 8k. If you close the position at this moment the 8k paper loss will become real.

To you, do you feel there is a difference and if so why. Details are important to understand your thoughts.
  • #733,279
  • Dec 15, 2012 8:51pm Dec 15, 2012 8:51pm
Quoting Big1red9
DT,

At this moment in time, on paper your down 8k. If you close the position at this moment the 8k paper loss will become real.

To you, do you feel there is a difference and if so why. Details are important to understand your thoughts.
Of course, theres a difference, if i close and it turns in my favour then I've already lost!! but if i hold and it go down then i may have chance to recover some of my loses back or even all if it goes down really sharp
  • #733,280
  • Dec 15, 2012 8:55pm Dec 15, 2012 8:55pm
Quoting Daytrader74
Of course, theres a difference, if i close and it turns in my favour then I've already lost!! but if i hold and it go down then i may have chance to recover some of my loses back or even all if it goes down really sharp
I did not say you were quitting trading.

Your in a trade now. Does it matter to you, if this trade makes you back some of the money> Or can it be a new trade that does?
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