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  • #781,781
  • Apr 3, 2013 9:18am Apr 3, 2013 9:18am
Quoting Tony112
I currently have multiple MASSIVE LOTS bought on EUR/USD. The adrenaline makes my body shake, after more than 10 years of experience.
Switch to percentages and focus on levels, rather than massive lots and monetary P/L. Fear makes you very biased and then you can easily lose control. Why would you want to inflict such psych trauma upon yourself when it's really not necessary?
  • #781,782
  • Apr 3, 2013 9:18am Apr 3, 2013 9:18am
Quoting Tony112
I currently have multiple MASSIVE LOTS bought on EUR/USD. The adrenaline makes my body shake, after more than 10 years of experience.
i know i'm against the market now. but 1.2875 is a good resistant for me. short and expect eu will go downward to around 30 or more. just opposite ur position.
Everything in the world has its own rhytms
  • #781,783
  • Apr 3, 2013 9:19am Apr 3, 2013 9:19am
Quoting meromar
Short 60, 59 tp 56, long 53 tp57 all closed in profit{image}
short 60 tp 54
  • #781,784
  • Apr 3, 2013 9:20am Apr 3, 2013 9:20am
Quoting sh5467
could you explain what this is please.
Yes. In the short account my pos sizes are larger at the top of the price chart than at the low end. Inverse for longs. Bigger at the bottom ie 1.20

It only makes sense. The chances of the mkt going up beyond the LT high 1.40 are very small so the long positions are very small in the Ozone. The probabilities of it going lower at this level is very high so short pos are bigger.

Software calibrates everything for me. If the indos say get in and its within my Price Saturation zone then I passs. Greed and Speed kills.
Trade smaller than rational because the market is irrational...
  • #781,785
  • Apr 3, 2013 9:21am Apr 3, 2013 9:21am
Quoting math_GB
You sound like a newbie dude, are you over-leveraged and bought massive lots...? Why so nervous, want to get rich quick
The only way to get rich is quick, once you have your discipline and a working system in place, that is. Fear is the enemy

F@k I'm all wise today and sh}t, what's going on?
  • #781,786
  • Apr 3, 2013 9:21am Apr 3, 2013 9:21am
Quoting meromar
short 60 tp 54
wtf...speculating hedging or gambling...lol
  • #781,787
  • Apr 3, 2013 9:21am Apr 3, 2013 9:21am
Out +7 can always reneter long and have an existing long at 94
Trade smaller than rational because the market is irrational...
  • #781,788
  • Apr 3, 2013 9:21am Apr 3, 2013 9:21am
Quoting meromar
short 60 tp 54
nice..already got your TP mr meromar
  • #781,789
  • Apr 3, 2013 9:22am Apr 3, 2013 9:22am
Quoting meromar
short 60 tp 54
done
  • #781,790
  • Apr 3, 2013 9:22am Apr 3, 2013 9:22am
Quoting EuroTraderJD
Quoting EuroTraderJD I dont use SL for this reason and havent since 10/15/2011. Watching my account equity grow everyday as Ms Market zigs and zags on the charts making my positions go in the green at one point or another. ITM now on my long which if I had a SL would be a loser. MM in a pyramid formation both long and short is key
Yeah, that's good point to handle this. On pyramiding I meant you pyramide only if your position is in the green or you pyramide also (some kind of martingale) if you are in the red (means adding positions too a "loser" trade ?)

can PM me foe exchange views

cheers Jack
  • #781,791
  • Apr 3, 2013 9:23am Apr 3, 2013 9:23am
hope we don't get faked in our bots again
Invest in alarm clocks
  • #781,792
  • Apr 3, 2013 9:23am Apr 3, 2013 9:23am
Quoting SnaveForex
wtf...speculating hedging or gambling...lol
interesting right???
  • #781,793
  • Apr 3, 2013 9:23am Apr 3, 2013 9:23am
Quoting Tony112
I currently have multiple MASSIVE LOTS bought on EUR/USD. The adrenaline makes my body shake, after more than 10 years of experience.
Tony, you're a lunatic and a legend! I wish you one of these from lady luck
  • #781,794
  • Apr 3, 2013 9:24am Apr 3, 2013 9:24am
Quoting meromar
done
Too weak market today. Boring to win.
  • #781,795
  • Apr 3, 2013 9:25am Apr 3, 2013 9:25am
Quoting doggette
The only way to get rich is quick, once you have your discipline and a working system in place, that is. Fear is the enemy F@k I'm all wise today and sh}t, what's going on?
Yeah you sound all different today, stayed at home too much these days I guess.
I trust you are feeling better , in between you were on the bet over the weekend on the thread. I said we would close @1.2815 on friday and with my broker it was 1.28154, some disagree on the figure and say they won but no worries you are mine
  • #781,796
  • Apr 3, 2013 9:26am Apr 3, 2013 9:26am
FXstreet.com (Barcelona) - Antecipation of disappointment on the ISM non-manufacturing PMI just released triggered a fall of the greenback on the US session. The EUR/USD climbed the chart from 1.2825 to 1.2861 high, for now, and remains attached to the highest levels of the day. Earlier, the ADP employment report was expected to rise from 198K to 200K in March, but February data was revised much higher, to 237K, and the March figure disappointed at 158K.

Now that today’s data is out, investors will be properly positioning themselves ahead of the ECB monetary policy and Draghi’s press conference. In regard to policy tools the ECB could use, TD Securities analysts said that new LTROs would generally be positive for EUR/USD and German rates “as there is enough excess liquidity in the system that market pricing for normalized money market rates is already pushed back to 2015”. “There is simply limited scope for new liquidity to alter this pricing significantly as it would likely be drained before then. Even a refi rate cut, as long as it comes with no strong language on the potential for a deposit rate cut, would likely eventually be EUR+ as the improvement in sentiment and funding would outweigh the muted moves in STIR”, wrote analyst Richard Kelly.

Mataf.net analysts point to resistance at 1.2875 and 1.2940. On the downside, supports might be found at 1.2790, 1.2755 and 1.2725.
Trade smaller than rational because the market is irrational...
  • #781,797
  • Apr 3, 2013 9:26am Apr 3, 2013 9:26am
H1 eu shows a good short oppotunity. since there is no upcoming news release i think it would be good to target my TP to 20.
anyway i'll put my seatbelt after i've got 15 pips
Everything in the world has its own rhytms
  • #781,798
  • Apr 3, 2013 9:27am Apr 3, 2013 9:27am
Quoting EuroTraderJD
Yes. In the short account my pos sizes are larger at the top of the price chart than at the low end. Inverse for longs. Bigger at the bottom ie 1.20 It only makes sense. The chances of the mkt going up beyond the LT high 1.40 are very small so the long positions are very small in the Ozone. The probabilities of it going lower at this level is very high so short pos are bigger. Software calibrates everything for me. If the indos say get in and its within my Price Saturation zone then I passs. Greed and Speed kills.
Makes sense. I do something similar but I keep a manual trailing stop and never enter the second position unless the first one is at least 40 pips in green and on BE+. I never add to losing trades though, that's suicide. And I use supply and demand on Daily/Weekly for my entry and exit, while adding on lower TFs. Less risk that way.
  • #781,799
  • Apr 3, 2013 9:28am Apr 3, 2013 9:28am
Is this hedge going to work?

Short E/U, Long E/J

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  • #781,800
  • Apr 3, 2013 9:28am Apr 3, 2013 9:28am
dropping kind of quickly from that 64 area
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