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  • #928,701
  • Oct 8, 2014 3:46pm Oct 8, 2014 3:46pm
Quoting oundar
Fed doesnt want much strong dollar as well as I understand. So it s kaos again. I opened big short position at 2728 and closed it around same levels later. Then I closed the bloody MT. I wanted to read fomc meeting notes but its so so long.No way. All I understood is nothing changed!
indeed its a catch22 who is going to get its currency "weaker" to get the economy either up and running from declining (in terms of EU) or get the momentum going as usual (in terms of US)
  • #928,702
  • Oct 8, 2014 3:49pm Oct 8, 2014 3:49pm
Quoting oundar
Fed doesnt want much strong dollar as well as I understand. So it s kaos again. I opened big short position at 2728 and closed it around same levels later. Then I closed the bloody MT. I wanted to read fomc meeting notes but its so so long.No way. All I understood is nothing changed!
its so long, nobody read it in the first 15 m candle.. almost 3h now. it had some time to digest. watching the day close
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those who can, do. those who cant, talk about those who can
  • #928,703
  • Oct 8, 2014 3:50pm Oct 8, 2014 3:50pm
Quoting Ziko9o8
{image}{image}
now
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  • #928,704
  • Oct 8, 2014 3:51pm Oct 8, 2014 3:51pm
Quoting DrGuap
{quote} Is there no way I can use the profit from the long trades to create "breathing room" for the shorts and then wait for them to go down?
I have tried it several times, sometimes it works, but most of the time it does not. Sorry.

If you are sure then close your longs. Are you sure?
  • #928,705
  • Oct 8, 2014 3:53pm Oct 8, 2014 3:53pm
Quoting Rtm
{quote} Reduce your size, make sure to keep a weighted hedge to short side as we are still going much lower. Nothing has changed for EURUSD, okay so we got a little correction. big deal! Stay on the trend, this is going to be a big one. ALL the retail buying trying to buy today. We wont see 1.3 for at least another year. Next time dont have such an ego and take a loss. It hurts at first but look where you are now. That hurts much more than one tiny little prick at the onset. You are going down a very painful path of learning FX and the exact reason...
Thank you, I will reduce size and adjust to create a weighted hedge.

Yeah I see that now... I made a huge mistake.

Quoting Bratricek
The book - Beat the Forex Dealer - page 169, How to trade out of losing position.

there it is - http://www.ulozto.cz/xPL1Auf/agustin...rex-dealer-pdf

Close smaller losses and trade the shit out of it. Good luck. Never trade with money you cant loose!
Thanks Bratricek, will give this book a read ASAP and see if there's anything I can use.

Quoting gatorinla
i dont want to give false hope. 2739x ish may give some relief. after that 2766.x ish my next add.. pull out a week chart. then look to the left this year
Any advice you can give is appreciated. I'm looking for the best place to shift the weight of the hedge short-side. Do you think it's possible it can go as high as 28xx?

Quoting infinitus
Hi DrGuap,

if only 5% is left (free margin), the account is literally lost. You can now only close very little of your either long or short position for profit taking of the winning position.

Only hope would be to refund the account and wait for a relatively clear situation to close either the long or the short.


Sorry mate.......
Thanks for replying infinitus. I'm basically trying to look for the highest entry point then to shift the weight of the hedge to the short side and get back whatever I can, hopefully there will be enough room in that 5% before it goes down
  • #928,706
  • Oct 8, 2014 3:54pm Oct 8, 2014 3:54pm
dow jones closed at %1.64 up..

Thats mean tomorrow europe markets will follow it.

If europe markets goes up %1 it will effect the euro (this scenario is sold so far I think)..

But wait a minute there!!

Draghi speaks tomorrow? !!! (whenever he speaks he manage to send euro down)

Big votality waiting for thursday.
Its not an advice and sorry for grammar.
  • #928,707
  • Oct 8, 2014 3:55pm Oct 8, 2014 3:55pm
Quoting gatorinla
{quote} its so long, nobody read it in the first 15 m candle.. almost 3h now. it had some time to digest. watching the day close {image}
good point.
Its not an advice and sorry for grammar.
  • #928,708
  • Oct 8, 2014 4:01pm Oct 8, 2014 4:01pm
it work out , 2625 to 2735
http://www.forexfactory.com/showthre...70#post7786370
close above 2744 on 30 min say hello to 2815 -2817
  • #928,709
  • Oct 8, 2014 4:21pm Oct 8, 2014 4:21pm
My view. Monthly chart.

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  • #928,710
  • Oct 8, 2014 4:29pm Oct 8, 2014 4:29pm
Quoting DrGuap
Hello All, I seriously need someone's help. I had a couple short trades that were heavily in the red, and thought that the pair would go down after the FOMC minutes were released. Well it went up so I opened up a couple of trades in the opposite direction to hedge my trades. I couldn't close them as it had already taken up 95% of my account and I didn't want to lose everything. Now I am unsure what to do, I'm looking for a safe method to get out of this once the pair starts going down. Is there any way out of this? This money is everything I have....
My opinion, and I've been there before...

Your current amount of money is your account equity. A hedged account with a balance of X and equity of Y is still worth only Y. You literally have 5% of what you had, no matter if you hedged or not.

What you would need to do, to get your account back on track is 1900% profit on your current equity... you will most probably fail.

The only thing different is that you are losing additional money on swap on the open positions...
Greed and impatience are our greatest enemies.
  • #928,711
  • Oct 8, 2014 4:33pm Oct 8, 2014 4:33pm
time to sleep!

Let the market to my asian friends. Possibly they will chop the euro but who knows what will happen tomorrow.
Its not an advice and sorry for grammar.
  • #928,712
  • Oct 8, 2014 4:39pm Oct 8, 2014 4:39pm
Quoting oundar
{quote} good point.
pryer to event, i had 244x and 2426 as a possible. on news events spikes that reverse, many times go back to the intention it had before release. those spikes many times go to 1/2 the distance in the opposite direction. then go to original target. this one didn't go to 1/2 opposite, it never got that far. it made it close to 1/4 at 2750. day closed under 2639. whats that mean? i dont know. i have it as a R and it closed below after being above.
those who can, do. those who cant, talk about those who can
  • #928,713
  • Oct 8, 2014 5:26pm Oct 8, 2014 5:26pm
Quoting gatorinla
{quote} pryer to event, i had 244x and 2426 as a possible. on news events spikes that reverse, many times go back to the intention it had before release. those spikes many times go to 1/2 the distance in the opposite direction. then go to original target. this one didn't go to 1/2 opposite, it never got that far. it made it close to 1/4 at 2750. day closed under 2639. whats that mean? i dont know. i have it as a R and it closed below after being above.

yesterday's H4 bullish Tenkan Kijun cross could have been seen as an idicator for a game changer.

PA currently is around EMA100 level on H4 and at upper Kumo, usually point of resistance and good point to add to long in 3rd candle should it breaks out north...

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  • #928,714
  • Oct 8, 2014 5:40pm Oct 8, 2014 5:40pm
there is no guarantee for this or that direction. closing winners running losers or vice verse may end with victory or bust.
you should handle each of it speprate. closing some (small) partial form winner trade & using that amount to open new one with SL TP added to make some more gain. its camel steps precedure from now. slow painfull patiencefull prgress. with %5 account already dead. it needs intensive care for a quite long time.

or just toss a coin

GL

Quoting DrGuap
{quote} Is there no way I can use the profit from the long trades to create "breathing room" for the shorts and then wait for them to go down?
My Best Trade is Next Trade!
  • #928,715
  • Oct 8, 2014 7:51pm Oct 8, 2014 7:51pm
Quoting Lacunoide
{quote} this could be a large correction, caution is advised... {image}
make it or break it. sell. 1.26 must be revisited if this is reversal, otherwise 1.23
As Above, So Below
  • #928,716
  • Oct 8, 2014 8:00pm Oct 8, 2014 8:00pm
Quoting MAM.Trader
there is no guarantee for this or that direction. closing winners running losers or vice verse may end with victory or bust. you should handle each of it speprate. closing some (small) partial form winner trade & using that amount to open new one with SL TP added to make some more gain. its camel steps precedure from now. slow painfull patiencefull prgress. with %5 account already dead. it needs intensive care for a quite long time. or just toss a coin GL {quote}
Excellent strategy boss,

@DrGuap am sorry to hear about your condition, I'm sharing what experience I have :

1. Never fight the trend.
2. SL SL SL.
3. Only enter when you have a clear strategy and trend, don't trade before the news, its not what WE think, the market will go whatever and whoever moves them.
  • #928,717
  • Oct 8, 2014 8:13pm Oct 8, 2014 8:13pm
thank you

experience
show me a trader that hasnt blow an account, Ill show you a liar

Quoting liquidice
{quote} Excellent strategy boss, @DrGuap am sorry to hear about your condition, I'm sharing what experience I have : 1. Never fight the trend. 2. SL SL SL. 3. Only enter when you have a clear strategy and trend, don't trade before the news, its not what WE think, the market will go whatever and whoever moves them.
My Best Trade is Next Trade!
  • #928,718
  • Oct 8, 2014 9:52pm Oct 8, 2014 9:52pm
Quoting MAM.Trader
thank you experience show me a trader that hasnt blow an account, Ill show you a liar {quote}
I haven't blown an account ................................................................... 11 of them.
The Thief of Wall Street
  • #928,719
  • Oct 8, 2014 10:07pm Oct 8, 2014 10:07pm
we all did...

Quoting Chicky
{quote} I haven't blown an account ................................................................... 11 of them.
My Best Trade is Next Trade!
  • #928,720
  • Oct 8, 2014 10:08pm Oct 8, 2014 10:08pm
Quoting tashkent
{quote} make it or break it. sell. 1.26 must be revisited if this is reversal, otherwise 1.23
Looking at Weekly Timeframe, a visit to 1.3500/1.3800 area is quite possible. Even if it goes to 1.1600 won't stay there for long. So why not we look at the long side? Worse come worse, we will blow our account, sell our business and house, return our car, fuck our credit cards, relationship with girlfriend will end but everything will still look beautiful if you never give up ...................................................................................... your Tequila.






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The Thief of Wall Street
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