£50/pip eur/usd 5k account.

[arabianights]

Anyone trading FX with TA will get killed eventually using this leverage. I just hope you win a few times first. It's like betting on red on roulette and doubling up your bet if you lose, eventually black will come out 10 times in a row and take everything. I know guys who can make money this way, but not using TA, only knowing massive bank orders, as well as being able to move the market themselves. Eventually they take a hit though.

This is the point, EURUSD will move a hunderd pips in one go some point during the next year, pretty much certainly.

Front running a fixing or whatever is a rather different "skill".

But, good luck to OP. Could make some serious dosh if he's lucky!

 

[kimo'sabby]

Third trade. Sell 2370 50:50.

Thanks for the sympathy guys. What i will do with the third trade is put a sell order at 2420 50:50 so if it gets stopped out the fifth trade will kick in.

 

[kimo'sabby]

I need some serious luck here, i'm averaged in at 2410 100 quid a pip and down 2.5k for the day.

 

[arabianights]

double up!

 

[redart]

what caused the parabolic up move in cable? Was it the unemployment numbers?

 

[kimo'sabby]

Last ditch attempt at salvaging the journal. 2420 stop moved to 2495, target 2220. It's got to be worth a shot! All in!

 

[spinola]

The dollars getting battered, jobs numbers, housing slump. Hence a short term lift I guess . Greenspan was on earlier, and he came across like he was scratchin his head saying G search me if I know whats gonna happen. That was after the panel introduced him as some sort of wizard of the economy !!!

You could see their worry as even Greenspan didn't come across as too hopeful looking ahead. Guess he's short then eh ?

 

[pocrel]

eur/usd on some run mate you ok?

 

[arabianights]

If it doesn't make a new high in the next hour he'll be fine, is my intuition.

 

[arabianights]

In fact just sold some myself with a stop just above the high on that view, share the pain or the gain

 

[spinola]

Look to see if it consolidates to sustained break that 21 june hi, 124.70 zone couple hours pressure yet maybe. But its a humdinger of a prod.

Good luck shorts !

 

[arabianights]

I think EONIA fixing will be pretty important, comes out around quarter to six at the moment, can't really see it not bashing euro somewhere or other...

 

[arabianights]

looks like you're ****ed.

Sorry, hope it wasn't much money to you.

 

[scose-no-doubt]

Hope the fact that you and the other guy both exploded deters other people from making the same mistake.

 

[pocrel]

yes 2 of them blew there accounts pretty quick just goes to show over leverage will kill you and to keep selling in an up trend its just to dangerous the markets seem to want to keep going at the moment very little pull backs

 

[arabianights]

Hope the fact that you and the other guy both exploded deters other people from making the same mistake.

He hasn't exploded yet, highest bid I've seen on reuters general quote so far is 84...

 

[N Rothschild]

cant tell anyone on this forum anything, full of complete idiots. enjoy spunking 5k up the wall in about 3 trades

was it 3? or 4?

 

[scose-no-doubt]

Oh i assumed he was when you said your f***d

 

[pocrel]

all we can do now is pray

 

[arabianights]

Oh i assumed he was when you said your f***d

It's just hovering around 10-15pips away, he may get away with it, we'll see.