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  • #918,401
  • Aug 21, 2014 10:57am Aug 21, 2014 10:57am
Quoting yaed
{quote} Yupp like back in 2010. I remember i made 100+ euros on a 0.1 lot in 3-4 minutes. I tried closing on like 60 euros profit but the market was moving so fast Alpari couldnt close it fast enough, so i exited with 40 more euros. I was at a friends house. I think i drank a lot that evening It wasnt at all unusual to see 200-300 pips up or down in one day. I traded M1 back then, and its about as big candles on average in M5 now that it was on M1 in 2010. When i began trading live again in July i had to REALLY go back and do a whole lot of things...
Yup that was good times, trying to catch bottoms on a FED statement.. that could hurt you. Requotes left and right when trying to get in as it went 40 pips here and 50 pips there.. Much money made and much money lost at news time back then. Now we sit and stare at a 10 pips bounce. But to be honest, i like it more as it is right now at newstime, the rest of the tradingday can go back to volatility as we had 2008 to like 2011, 80-120 pips on a regular day..
I don't even have a cool signature
  • #918,402
  • Aug 21, 2014 11:04am Aug 21, 2014 11:04am
1.3290 get area to short :-)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 8-21-14.png Size: 88 KB
"W. D. Gann said that time is the most important factor among all things."
  • #918,403
  • Aug 21, 2014 11:07am Aug 21, 2014 11:07am
I'm new to this forum and after some advice please.

So I did something a bit silly and bought EUR/usd a while ago at 1.3614 and obviously at a big loss at the moment. Does anybody think it may go back up? Or anybody got any advice?

Thanks
  • #918,404
  • Aug 21, 2014 11:11am Aug 21, 2014 11:11am
Quoting USDollar
1.3290 get area to short :-) {image}
Even better higher up..

No wait... Why 3290, why not now, why not higher?
I don't even have a cool signature
  • #918,405
  • Aug 21, 2014 11:19am Aug 21, 2014 11:19am
Quoting yaed
{quote} I was hoping that Its inspired by 4XQ and his rainbow. Also guppy trading and Linuxtroll.
Thanks, Googled and got their profile and links. BTW today you did excellent with EUR/USD.
  • #918,406
  • Aug 21, 2014 11:25am Aug 21, 2014 11:25am
Quoting Bexpurlz
I'm new to this forum and after some advice please. So I did something a bit silly and bought EUR/usd a while ago at 1.3614 and obviously at a big loss at the moment. Does anybody think it may go back up? Or anybody got any advice? Thanks
The silly thing wasn't buying at that level, it was not closing the position when it was obviously wrong... Advice: close the position now that you still can.










... or you could try to martingale your way out but that's not an advice. It's even sillier than holding on to a losing position. It will hurt to close, but you'll get over it. Imagine if you lost your whole account. That will hurt even more.
  • #918,407
  • Aug 21, 2014 11:26am Aug 21, 2014 11:26am
Quoting Bexpurlz
I'm new to this forum and after some advice please. So I did something a bit silly and bought EUR/usd a while ago at 1.3614 and obviously at a big loss at the moment. Does anybody think it may go back up? Or anybody got any advice? Thanks
I am wondering, is that position still alive? Amazing. You must have very very deep pocket.

Sure it will go to 1.36 but don't know when.

My advice, you should kill it.
  • #918,408
  • Aug 21, 2014 11:30am Aug 21, 2014 11:30am
Quoting Bexpurlz
I'm new to this forum and after some advice please. So I did something a bit silly and bought EUR/usd a while ago at 1.3614 and obviously at a big loss at the moment. Does anybody think it may go back up? Or anybody got any advice? Thanks
Q1: are you a bank
  • #918,409
  • Aug 21, 2014 11:31am Aug 21, 2014 11:31am
Quoting Bexpurlz
I'm new to this forum and after some advice please. So I did something a bit silly and bought EUR/usd a while ago at 1.3614 and obviously at a big loss at the moment. Does anybody think it may go back up? Or anybody got any advice? Thanks
You should be watching 3470-3500, only if that breaks, you may have a chance, but that level is protected heavily right now. It can't even touch 3450. I hope for you it will go there, because I prefer to trade a bullish euro, just a habit.
Everyone can see the chart, but only a few can actually read it.
  • #918,410
  • Aug 21, 2014 11:32am Aug 21, 2014 11:32am
Quoting Bexpurlz
I'm new to this forum and after some advice please. So I did something a bit silly and bought EUR/usd a while ago at 1.3614 and obviously at a big loss at the moment. Does anybody think it may go back up? Or anybody got any advice? Thanks
Take a weekly chart.. look at it and tell yourself what you see. Take a daily and do the same and lastly take a 4H chart and do the same. Put them together and make a analysis if you think you can get a higher price, if not.... it's your call, nobody here will tell you to keep it or close it.
I don't even have a cool signature
  • #918,411
  • Aug 21, 2014 11:32am Aug 21, 2014 11:32am
3288 is yesterday's 68%.
  • #918,412
  • Aug 21, 2014 11:38am Aug 21, 2014 11:38am
Quoting NoCoolNick
{quote} Yup that was good times, trying to catch bottoms on a FED statement.. that could hurt you. Requotes left and right when trying to get in as it went 40 pips here and 50 pips there.. Much money made and much money lost at news time back then. Now we sit and stare at a 10 pips bounce. But to be honest, i like it more as it is right now at newstime, the rest of the tradingday can go back to volatility as we had 2008 to like 2011, 80-120 pips on a regular day..
Well i guess we are just going to have to adjust.
My signature is: "Classified".
  • #918,413
  • Aug 21, 2014 11:39am Aug 21, 2014 11:39am
Quoting SukkimLama
{quote} Thanks, Googled and got their profile and links. BTW today you did excellent with EUR/USD.
Well its like that most days Thanks.
My signature is: "Classified".
  • #918,414
  • Aug 21, 2014 11:41am Aug 21, 2014 11:41am
Quoting Bexpurlz
I'm new to this forum and after some advice please. So I did something a bit silly and bought EUR/usd a while ago at 1.3614 and obviously at a big loss at the moment. Does anybody think it may go back up? Or anybody got any advice? Thanks
I hope you are on a demo account.

http://www.forexfactory.com/showthread.php?t=498260

You could have a look there...
My signature is: "Classified".
  • #918,415
  • Aug 21, 2014 11:44am Aug 21, 2014 11:44am
Thanks for all the advice, no I'm not a bank lol, I didn't buy many shares so I haven't bottomed out yet, currently have 70% still to play with. I had an idea of selling half and buying half back to lower my average by half, obviously lose money on that half but stand a better chance of getting back up to 3.4 than 3.6. I'm making money on other areas to sustain the loss on this one, what's are peopled views on this tactic?
  • #918,416
  • Aug 21, 2014 11:57am Aug 21, 2014 11:57am
Quoting yaed
{quote} I hope you are on a demo account. http://www.forexfactory.com/showthread.php?t=498260 You could have a look there...
Nice thread man. Keep it up that good job.
  • #918,417
  • Aug 21, 2014 12:02pm Aug 21, 2014 12:02pm
1st run always powerful. anyway, first baby bull running out of steam.
Whatever it happens 3240 has to protect else bear will flirt until new deep low provide support
You cannot learn better without losing
  • #918,418
  • Aug 21, 2014 12:02pm Aug 21, 2014 12:02pm
Thanks Yaed I will do. I do usually look across the time frames but have been doing it to see what the price action in the smaller one is doing in relation to the bigger picture....ie if it's part of a pullback.... I will look more closely for the differences in the patterns between the two now..... my brain is wired in a way that looks for patterns and before I started doing this I hoped that would be to my benefit so really happy about what you said : )
  • #918,419
  • Aug 21, 2014 12:06pm Aug 21, 2014 12:06pm
Ampburner for what it's worth, I am in short from 1.3272, I've got a stop set at 1.3292 and target 20 pips below.....
I'm hoping it's going to slowly move back doen to there but am prepared to take the loss if I stop out as long as you have a stop set I'd say you could try and do the same
  • #918,420
  • Aug 21, 2014 12:11pm Aug 21, 2014 12:11pm
ouch Bexpurlz sorry...... to be honest I would get out of that trade..... and I must say you must have nerves of steel...
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