EURUSD

is 1.265xxx a good level to short at? I already have shorts pending at 1.261xxx...

SOS!!

you did martingale but only problem is you were doing it when your previous position was in loss. I have been in this situation many times. you will learn I am sure from this.

Not sure why you kept adding to losing trades but you now have 2 options.

Either get out now and take the hit or pray it comes back(it probably will eventually but can your acct stand the DD?)

will it go higher than 1.26735? my account can withstand until that

There is a third option - hedge your positions.

what should i do, add a long position with a bigger lot size?

What level should i open long position at? pls advise...

It's NFP this week so who knows - It could go to 1.27 or 1.25.

Your price difference is too close.
This looks more appropriate and works for me. You have to double the lots for martingale to work with adequate pip difference.
0.1 ~ 200
0.1 ~ 300
0.2 ~ 400
0.4 ~ 500
0.8 ~ 600
1.6 ~ 700
Stop ~ 800

Long 2641, close 2654 .. quick pips

The market is moving, I thought, probably they decided to open early. Go back to sleep.

One of biggest problems is FF and this forum,when I see eur on 1.26 or lower I simply can't SELL,for me it's to low,better to stay out then to listen many guys here...i dont say it cant go much lower but not with me!

nope by doing hedging you are paying free money to the broker. avoid hedging at any cost. when your third position comes in loss close 1st and wait for markets to turn in your direction. if you think it isn't going to turn by waiting for 30 mins or more close all and open a long.

I want to share with you a good tip. (it isn't advertising) Professional traders follow the best reports and trade ideas. One of the best independent research and trade ideas are from Informa Global Markets. You can try free trial, their website is www.informagm.com

Their analysis have improved my trading,

greets

No trades until ECB ,,,

good decision

You are right. Let's close this thread. Once we close this thread, FF will close by itself.

Posts (not the Posters) here can be grouped in these categories:

1. Posts that provide technical or fundamental analysis (Quality can vary)
2. Buy or Sell calls (with or without basis of bias)
3. Trades executed / planned (maybe to let people know what one has done, sometimes with an intention to brag about later, but not always)
4. Advises / comments on general trading tactics (they are mostly the same like MM, Patience, Limiting Risk Exposure, etc.)
5. Posts that make you scratch your head (I will write more about these posts once getting a clue what is there in such posts)
6. Spanking Posts by Black Holes (Few posters' job is only to criticize every person they see here. They then start ignoring other members, when this ignore list is out of control, they finally put themselves on their own ignore list and disappear like Black Holes).
7. Posts by occasional trolls (A couple of them used to be very respected posters here few years back, then they decided to destroy themselves out of ego)
8. Posts by new members who come here expecting to find something good (They soon leave with this comment: WTF! where I have come?)
9. One liner posts (Will it go up? Will it go down? Will it hit x.xxxx tonight? etc.)
10. SOS Posts (like the recent one or like Pleeeeeeeeeeeeeezzzzzzz help me! I am long eur/usd from 1.5899 and getting my 13th margin call)
11. Posts that discuss sex instead of trades
12. Posts by Kiwitrada (No dictionary in this world will help you, but after reading few posts you will get that it is actually "Kiwi Trader"), and finally
13. Posts by Chicky (Doctors allow him to make these posts from the Mentally Disturbed Patients' Ward)

Once said that, your friend is only focusing on #2 above, he/she should focus on all of them because all these posts have something good about them.

One last thing, never criticize this thread again. You enjoyed this reading and it was very much in this thread.

anyone shorting at 1.2264xx?