132 pip loss today. Ouch.

Discussion in 'Forex' started by peilthetraveler, Nov 19, 2009.


  1. Regardless, I have stops south of .9000 AUD/USD for the weekend, but you can bet my fat arse I'm pulling them Sunday at 1500 hours.
    Can't have those pesky stop orders messin up my Nightingale stragedy. :D
     
    #41     Nov 20, 2009
  2. It's like this thread just threw risk management out the windows.

    You guys might as well average down and use martingale strategy if you want to blow your account in style.
     
    #42     Nov 20, 2009
  3. AyeYo

    AyeYo

    Since when are stops required to have a risk management strategy?
     
    #43     Nov 20, 2009
  4. lmao where did you find that?
     
    #44     Nov 20, 2009
  5. Ok, how about 500 pips in 2 hours at 2am while you're asleep, and then another 800 pips before any kind of meaningful rebound, that short enough for ya? There are dozens of examples like that.

    Hey you do it your way, makes no odds to me, but other novice traders read these forums so they need to know the risks involved.

    If you can handle a trade going 1300 pips against you and have margin and unrealized loss equity tied up for days/weeks/months/years then fine, most professional traders don't trade that way.


    Could this be you!

    [​IMG]
     
    #45     Nov 20, 2009
  6. Now you're talking about something else altogether, trading out of a losing position. That requires some quick thinking, fancy footwork, and good strategic planning, it's not something you do on the spur of the moment because a trade is running away like a freight train and you don't want to lose!
     
    #46     Nov 20, 2009
  7. I am not discussing that. You might be right, and you might be wrong.

    Whatever it is, I'll keep my patience and discipline and you do whatever you do to "control" the market.

    PA
     
    #47     Nov 20, 2009
  8. oh man. This thread is almost worse than watching gay porn
     
    #48     Nov 20, 2009
  9. Martin Gale?
    Never heard of him!
    Spreads just widened for the weekend. I better go close some trades!!
    LOL, I'm hilarious.
     
    #49     Nov 20, 2009
  10. I think he was related to Dorothy Gale. (from the wizard of Oz)
     
    #50     Nov 20, 2009