How to trade the EUR now

Quote from TheMagican:

What kind of a dim wit are you??:confused:

I said I WOULD buy at 12990 mark!Do you know why's trading is?What is a trading idea now could be a complete garbage 5 min later.Are you stupid fkn momo,or wtf the matter with you!!!
More...
yeah, I thought so

carry on
 
Quote from oldtime:

and this is the silly thing. Nobody has a problem with buying on a pullback. They all just assume it will turn back up. But if you are already are long, and you buy more on a pullback they call you a gambler and a loser averaging losers.

so I guess buying on a pullback is a sound idea, as long as you are not long.

If you are flat, the pullback is a buying opportunity

If you are long, there are no pullbacks, it will just keep going down to infinity, that's why you should never average down

This kind of logic doesn't come naturally, you have to read trading books to learn it
More...

LOL

good one :D
 
Quote from SimpleTrades:

What do you think, oldtime? Double up on my badly tortured long?
More...
no, you should have already known what you were going to do before you ever put it on

sounds like it is your largest loss

never add to a big loser

what happened to your stop?
 
I thought you often added to losers? Or are you just joking. Havent hit my stop yet. I'm still up 20 pips for the day. Debating if its the right time to enter with another mini lot.
 
Quote from SimpleTrades:

I thought you often added to losers? Or are you just joking. Havent hit my stop yet. I'm still up 20 pips for the day. Debating if its the right time to enter with another mini lot.
More...
yes, that's all I do is add to losers and winners

but I trade multitple positions

and my largest loser is always off limits

for instance, I added last night to my short eur, but that made it my largest loser, so I just put in a limit to get out of all I added at BE. Never to be touched again.

But early in the morning some USD.CAD became my largest loser, so I cancelled my BE eur limit, and replaced it with a limit to sell some more above the market and usd.cad became untouchable. It never got filled but you know what happened to those of us that were short.

you should never have to debate in the heat of battle. all that should have been planned out ahead of time

don't do anything, just let it ride, until your stop gets hit

if your stop doesn't get hit, you won't need to ask what to do

very dangerous to trade just one pair, you have to be really right most of the time, maybe you are, but I know I am not that good
 
Oldtime, I set a 200 pip stop, but I was not expecting to have to use it. The largest part of the drop occurred while I was away from computer helping my wife. I missed my entry point for another long, thank god. Now I'm just sitting and waiting to see how much lower this will go.
 
You must log in or register to reply here.
Back
Top