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  • #955,941
  • Jan 29, 2015 8:15pm Jan 29, 2015 8:15pm
1.3343 shhhh.

it's fine. i also bought the gap here on sunday open. thanks.
----- Dragonfly out in the sun you know what I mean, don't you know
  • #955,942
  • Jan 29, 2015 8:16pm Jan 29, 2015 8:16pm
Quoting mkvy
{quote} all you sellers must be gutted you did not take profit when it was at 1.1097
what about us sellers who are short from 1.4??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #955,943
  • Jan 29, 2015 8:17pm Jan 29, 2015 8:17pm
good god im seeing lots of clowns coming out to party on this measely pathetic 300 pip stop run after ECB dropped it 500 pips in 2 days on QE announcements....
and muppets begin to think this thing turns to bullish? dear god....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #955,944
  • Jan 29, 2015 8:26pm Jan 29, 2015 8:26pm
Honestly, there's nothing wrong with going long; there's room to catch a few hundred pips. But it shouldn't mean you should hang your account at risk when you do so, since the momentum has, is and will be (for the next year at least) bearish.

By all means, take a long at whatever key points you believe the price will bounce; just don't make unrealistic expectations when fundamentals are overwhelmingly against you. And if you do get stopped out with a loss, please don't complain about the market.

It seems that a lot of the newcomers to this thread go long, typing away about how they believe the last of the bears are over (people have been doing this since 1.24+). And when the price drops to new lows, they then complain about how the market is working against them.

If you really want to earn a few hundred dollars to as extra spending money for this year, just take a small short (say 0.1 lots), leave it alone for a few weeks~month, and then come back and collect hundreds of pips. Don't be in such a hurry to build an account, since the biggest problem in forex is restraining your greed.

The reason why people are still shorting is because as long as your margins are plenty, shorts are guaranteed to win for now.
  • #955,945
  • Jan 29, 2015 8:27pm Jan 29, 2015 8:27pm
looking to L ea after it drops 500 to 4162/3903, in the process i shorted it

still short aj

Long usd/chf
still eu s.. and will hold with the 136x high holding..
those who can, do. those who cant, talk about those who can
  • #955,946
  • Jan 29, 2015 8:29pm Jan 29, 2015 8:29pm
Quoting Vermillion
Honestly, there's nothing wrong with going long; there's room to catch a few hundred pips. But it shouldn't mean you should hang your account at risk when you do so, since the momentum has, is and will be (for the next year at least) bearish. By all means, take a long at whatever key points you believe the price will bounce; just don't make unrealistic expectations when fundamentals are overwhelmingly against you. And if you do get stopped out with a loss, please don't complain about the market. It seems that a lot of the newcomers to this thread...
that last phrase... too true too true, its all about probability.
and in downtrend... probablity of lower low is higher than higher highs beign created.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #955,947
  • Jan 29, 2015 8:34pm Jan 29, 2015 8:34pm
Quoting Vermillion
Honestly, there's nothing wrong with going long; there's room to catch a few hundred pips. But it shouldn't mean you should hang your account at risk when you do so, since the momentum has, is and will be (for the next year at least) bearish. By all means, take a long at whatever key points you believe the price will bounce; just don't make unrealistic expectations when fundamentals are overwhelmingly against you. And if you do get stopped out with a loss, please don't complain about the market. It seems that a lot of the newcomers to this thread...
Do you mean, keep your positions as small as possible? So that this does not give you worries:
Attached Image
The Thief of Wall Street
  • #955,948
  • Jan 29, 2015 8:38pm Jan 29, 2015 8:38pm
Quoting gatorinla
looking to L ea after it drops 500 to 4162/3903, in the process i shorted it still short aj Long usd/chf still eu s.. and will hold with the 136x high holding..
im bored... what should i do?
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #955,949
  • Jan 29, 2015 8:43pm Jan 29, 2015 8:43pm
Quoting fxtyrant
{quote} im bored... what should i do?
Masturbate, it clears your mind.
The Thief of Wall Street
  • #955,950
  • Jan 29, 2015 8:43pm Jan 29, 2015 8:43pm
Quoting Chicky
{quote} Masturbate, it clears you mind.
cant.... im at work...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #955,951
  • Jan 29, 2015 8:45pm Jan 29, 2015 8:45pm
Quoting Chicky
{quote} Do you mean, keep your positions as small as possible? So that this does not give you worries: {image}
Sort of. I mean, I enter markets with the willingness to lose dozens of pips potentially, but I'll admit that having a net profit of -1500+ pips is a bit disconcerting. If I post consecutive, significant losses, I usually just stop trading for the moment and try and figure out what I'm doing wrong.

Also, keeping your positions as small as possible is not necessarily a good thing in my opinion. I built my account from $200, and even after withdrawals, I still manage several thousand, and it would have taken me a LOT longer if I didn't risk more than what was "officially recommended". I'm also a firm advocate of being willing to hedge bigger risks when the potential is there. I take bigger risks than normal, and operate at a high leverage (far above the U.S. limit of 1:50). I'm still making money.

I just don't believe that you should bet so much on a pair that moves hundreds of pips as a correction.

Personally though, if you've got sell size that can withstand 700 pips, I'd short it and see how it plays out. Because as far as I can tell, 1.20 is pipe dream with current data. It might change if we have some weird fundamentals/events pop out.
  • #955,952
  • Jan 29, 2015 8:45pm Jan 29, 2015 8:45pm
Quoting gatorinla
looking to L ea after it drops 500 to 4162/3903, in the process i shorted it still short aj Long usd/chf still eu s.. and will hold with the 136x high holding..
Usually I have seen reversal after testing previous top/bottom.
Intraday only.
  • #955,953
  • Jan 29, 2015 8:47pm Jan 29, 2015 8:47pm
Quoting gatorinla
{quote} aj up 200+... lets see where London ends up closing..1196 has pull and that can give a LL on the day for eu, 2 h left.. 1492 target, usally wants 1196 before. 1344 is a 1/4 point
attraction to 1196 should still be intact before 149x.
since post an attempt was made, the support provided from 1276 held it. the failed attempt was too late in the day by an hour. 1276 was not closed on the ny close either. good for bulls

atm we haven't made a HH.. good for bears trend direction


and we have a day,week, month about to close. so dont assume it cant still close -1276 and 1209.
those who can, do. those who cant, talk about those who can
  • #955,954
  • Jan 29, 2015 8:48pm Jan 29, 2015 8:48pm
Quoting fxtyrant
{quote} im bored... what should i do?
Pretend to be working while playing something? Maybe a quick online game, or watching a movie (unless your boss is the type to check up on you frequently). You could also have playful banter between friends....or play pranks. Actually, it would depend on what your job is.

Personal question: Do you work in an office cubicle? what job is it?
  • #955,955
  • Jan 29, 2015 8:51pm Jan 29, 2015 8:51pm
Quoting Chicky
{quote} Masturbate, it clears your mind.
Frequent sexual activities also make you tired.
  • #955,956
  • Jan 29, 2015 8:51pm Jan 29, 2015 8:51pm
Any way I have small long position at 50% pull back..
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80% effort, 20% luck
  • #955,957
  • Jan 29, 2015 8:51pm Jan 29, 2015 8:51pm
Quoting navk
{quote} Usually I have seen reversal after testing previous top/bottom.
EA have a pending SHORT at 1.46185 & a Max High at 1.46355
A good trader follows his rules, but great trader knows when to break them
  • #955,958
  • Jan 29, 2015 8:53pm Jan 29, 2015 8:53pm
Quoting Vermillion
{quote} Pretend to be working while playing something? Maybe a quick online game, or watching a movie (unless your boss is the type to check up on you frequently). You could also have playful banter between friends....or play pranks. Actually, it would depend on what your job is. Personal question: Do you work in an office cubicle? what job is it?
i work as a sales trader in an investment bank i'm located in Hong Kong.
reason why im bored is its asia markets and it feels eerily quiet here for a friday....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #955,959
  • Jan 29, 2015 8:53pm Jan 29, 2015 8:53pm
Quoting ill_be_back
{quote} EA have a pending SHORT at 1.46185 & a Max High at 1.46355
I have GA short ( pending ) at Thursday's high.
Intraday only.
  • #955,960
  • Jan 29, 2015 8:54pm Jan 29, 2015 8:54pm
Quoting ill_be_back
{quote} Good Job
Thank you
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