June 17th Greek Elections Will you be Flat the Euro?

[oldtime]

Quote from Tsing Tao:

This depends on your desired time frame. I tend to do much longer trades. If you don't have the patience to wait it out, take profit now. But, personally, I will wait a good deal longer as I usually do. See the "Guru Trade" thread in this forum for better understanding on the time frame I keep my trades in.

I've been short AUD/USD since before I can rermember and will probably die with it

 

[oldtime]

Quote from RCG Trader:

oldtime, what is your predilection for crosses? Do they move better for you based on your strat?

they really do seem to for me.

AUD/EUR was just fantastic during that whole crisis move, smooth as a baby's bottom

bad when you're on the wrong side like I have been in audjpy

 

[oldtime]

I don't really like it, but the market forced me to do it. I had to go short CHF/JPY

If you're a Martingaler like me, you also need to add to some winners

Like my old man always use to say, "You can't do one without the other."

 

[RCG Trader]

Quote from oldtime:

I don't really like it, but the market forced me to do it. I had to go short CHF/JPY

If you're a Martingaler like me, you also need to add to some winners

Like my old man always use to say, "You can't do one without the other."

This way you slow your rate of loss while you ride things out?

 

[oldtime]

Quote from RCG Trader:

This way you slow your rate of loss while you ride things out?

I pick a currency that I either believe is going to chop or trend. Then I try to play both sides of it.

I'm almost always underwater

In many cases I'm betting a hundered dollars just trying to win a dime

although I'm new to forex, I've been trading a long time

that's why it always cracks me up when some kid comes up with a rule

but yes, for the most part I am chicken shit scared, and always looking for a way to slow my loss

back in the old days it was fun, but I don't know what ever happened to all the bold traders

 

[oldtime]

Laugh if you want, but I do have one rule I learned at an early age when I had less than 2k committed to a bad hog trade, and that is, "Never spread a loss."

Now, we have a few crazy rules, like we never mix milk and meat, but all of us occasionaly eat a peperroni pizza or a cheesburger

But that's one thing me or my family will never do

"Never spread a loss"

Thanks boss, that was good advice

(not only did he give me the advice, but he wouldn't let me put it on)

 

[RCG Trader]

Quote from oldtime:

I don't know what ever happened to all the bold traders

They all finally retired, or 2008 caught them over leveraged and over positioned.

Ultimately tho, I think they just got greedy. Bulls, bears, and pigs.

 

[Lucrum]

Quote from RCG Trader:

They all finally retired, or 2008 caught them over leveraged and over positioned.

Ultimately tho, I think they just got greedy. Bulls, bears, and pigs.

they tell you that themselves did they?