EURUSD

I think they treated me differently when landing at Seletar Airport instead of Changi Airport. That's all what Forest has to say about that.

short eU at 50. SL 72. GL.

Btw, I am kind of interested in that spike Hatch showed few pages ago.
Do you think it is possible his broker (or liquidity provider of broker) received such a huge short order, that it simply cannot fill it as there was no counterparty and therefore resulted in spike?

Mate....

First of all I sincerely feel for you and it is very upsetting to hear you lost a decent amount - all your money - as you say in your post.

I don't know how it came to this stage but I truly suggest you leave your depression and plan "to buy a rope" for a moment aside and think of what you have done.

I would like to share my toughts about FX trading which I gained over the years, maybe this might be some help for you for your future, may it be useful with FX or any other business you may get involved with.

There are certain facts you need to know while trading this thing. A few days ago "attila " said something about his hero saying something such as " you expect to make an income of a brain surgeon after spending three months with this". If this is what you have been thinking, then you deserve what has happened to you.

This is one of the most difficult jobs one could ever imagine. Imagine you can borrow tens/hundred/millions of dollars with the click of a mouse, some people allow you to do that, why...? Did you ever think about this? Let me tell you why. The likelihood that you will be succesful with it and make money and pay what you owe is much less than you losing it all... This product is leveraged, it has dozens of factors which define the price level.

It is not only that, the market is open 24/5.5 assuming your broker closes friday evening and opens on sunday evening, guess what whatever your analysis may say, there are thousands of traders who have different objectives and your position can be run over in any minute while you are away...

Capital requirement is another issue, the less capital you have the more leverage you will likely use so if you started with a small amount,then that account will go bust pretty soon. A friend who has been running institutional clients at a PM told me that all these intermediary brokers are using "trading book A and B", Trading book A means that they expect that you will lose all your equity in a certain period time, can you believe that...? They are so sure that, many lose their equity just like that...

You need to understand this is a serious business that doesn't forgive any failures. If you are greedy, want to get rich go to a casino closest to you since you will lose much less than you will lose here. I have seen accounts burning 100K in less than an hour, in a casino this is very unlikely... Do you understand what I mean here.

I was once told that, you can burn money faster here than you would pour plane fuel on the money and light it.

Think about what you have done and learn from this mistake. And yes, stay away from FX at least for a while, you can't get back what you lost so easily especially while you are so depressed about it right now...

Good luck mate, life still goes on and I hope you recover from the current situation as quickly as possible...

Hey Rooi - where in SA are you based, man?

Hope I will get some pips here... Open trade 1.2850, tp 1.2840, SL not set...

afternoon peeps

I must admit today was not my best day, I defintly shouldnt of traded EUR/USD. -45. But i'll come back for the lost. Just gotta learn on my side when not to trade and stuff.

It looked like a bug on the trading platform he is using mate, if someone lost money or stopped out cause of that, he/she can claim the total loss assuming it is a broker under FSA or alike umbrella...

I came home after work and my wife told me that she found a crack in the bathroom but still didn't fill it up.
I told her if i told her what i didn't do it would take 24 hours

SL & TP stays @ broker server
not local.

if there is a spike that takes stop or limit its from broker sever. nothin local.

it may fight with broker if he lost but I dont think he can get something.

I agree.

I am exremally tired after last night. I came back fro hell to heaven. I increased my capital about 40% in 3 days. Nice. But i do not like how i play. i didn't close any position until it begin to be on plus. That is my second approach to forex. Previously I lost many beacused I was closing too early bad position like book says.

shorting tp 30

good afternoon, saw what the eurjpy did?

thought you might like to see how that retrace all worked out in the end (see chart)

So the M5 ABC did become wA on the larger TF - this also allowed me to reset the targets.

The correction did end between 23% & 50% and also at my revised target zone

A huge bad tick on just that one provider, don't mind. That goes down to 1.19, it just freaked me out.

I`m short from @2873
SL be
TP open
Someboy at the same way as me?
what expect from this FOMC?

Hands off Japan in this thread! Quite a different mentallity. Far east is a slender business

more like Hands on dude! easing is known in japan, its like a campaign for free money man!