Going Against The USD

Discussion in 'Forex' started by DrawDown, Jul 18, 2006.

  1. And what happens if spot takes off and goes one way, n'er to return? Your one account hits a margin call? How do you make money when that happens?

    Let's just say it takes off in one direction and you don't close your position, but leave it open as you sweat and sweat - but after an 8 month period, it finally comes back. You've locked that cash up on that trade during those 8 months while you were praying - and you could have made so many other trades during that time.

    I'm really interested in how you see this as a viable trading strategy.
     
    #31     Jul 19, 2006
  2. Ah, I get it :) Some people live in another space-time continuum.
     
    #32     Jul 19, 2006
  3. This part is easy: Get another handle/ alias. :D
     
    #33     Jul 19, 2006
  4. LOL!
     
    #34     Jul 19, 2006
  5. You started a whole thread bearish USD, and you sold your euro at 1.2520? Dude you missed out!

    Oh yeah, how's the short doing on the other account?
     
    #35     Jul 19, 2006
  6. It's difficult, being happy and sad at the same time.

    BTW, nice blog, Illiquid. Never knew you ran a blog, mate!
     
    #36     Jul 19, 2006
  7. Ugh that thing. Just something to keep myself honest with a consistent reminder of how easily I f*ck things up :)

    Very prescient post btw Ivan. Today is just one of those days "trading to never be wrong" gets it's ass handed to it.

     
    #37     Jul 19, 2006
  8. TP hit @ 1.2520.

    Money, money, money.

    *yawn* ...

    Current = 1.2563.

    Always close into strength.

    LMAO

    FX

    PS: Any of you boys make any MONEY on the upward spike? No? Can't you do anything more than post stupidity? That's what I thought.
     
    #38     Jul 19, 2006
  9. chafro

    chafro

    I did. And still long target of firt lot 1.26, target of second lot 1.28.

    My stop loss was 4 pips away from the bottom, was a close one.
     
    #39     Jul 19, 2006
  10. Great trade, Chafro!

    My question was not directed to you, it was directed to the resident star posters.

    Best,

    FX
    1.2557
     
    #40     Jul 19, 2006