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EUR / USD (EURUSD)

daworm · 340 · 59277

daworm

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on: Jan 11, 2010, 12:26 PM
Anything about EURUSD you can put here...

My strategy for this pair is to keep on shorting it at

 R1  - 1.4526
 R2  - 1.4585  
 R3  - 1.4689  
 R4  - 1.4794  

If these resistance levels are broken then I add another short at those levels. I already entered on the first resistance level.
All SL is at  149.50 which if that happens I will lose more than 60% of my account.. so be careful and trade at your own risk.
« Last Edit: Aug 01, 2010, 03:42 AM by FutureGizmo »


ribbit

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Reply #1 on: Jan 11, 2010, 01:16 PM
wow, man -- 60%!

is this a live account, sir daworm?


daworm

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Reply #2 on: Jan 11, 2010, 07:43 PM

wow, man -- 60%!

is this a live account, sir daworm?


It's a live account.

My first ever live account at $500. I consider the amount as my 'tuition fee' in learning forex.


rael

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Reply #3 on: Jan 11, 2010, 09:33 PM
losing 60% for one lesson is too much. there's a lot, and i mean a lot of lessons to learn still...


daworm

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Reply #4 on: Jan 11, 2010, 11:06 PM

losing 60% for one lesson is too much. there's a lot, and i mean a lot of lessons to learn still...


What's the chance that that pair will reach 149.50 before it reaches 142 this month? We don't know actually. But 60% loss is too high if you won't consider that the chances it would reach that price is very slim.

But along the way strategy can change naman.    



puzzlebox

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Reply #5 on: Jan 12, 2010, 08:02 AM
wow. 60%.. scary.. hindi ba parang gambling na kalalabasan nyan?  :rakenrol:

pero syempre depende rin sa gains na ineexpect mo.. ano ba gains na ineexpect mo? 120%?


daworm

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Reply #6 on: Jan 13, 2010, 12:21 PM

wow. 60%.. scary.. hindi ba parang gambling na kalalabasan nyan?  :rakenrol:

pero syempre depende rin sa gains na ineexpect mo.. ano ba gains na ineexpect mo? 120%?


Why do we still cross a street kung alam natin na pwede tayo masagasaan ng truck ?

Yes gambling naman talaga ang forex kahit sabi ng iba na its not...  risk taking, speculation, setting up a business are all gambling to me. Even choosing the food we eat everyday is a gamble.



Willyboy

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Reply #7 on: Jan 14, 2010, 06:28 PM
^ yeah I agree...everything in life is a gamble...araw araw tayong sumasabak sa sugal ng buhay  :cool2:


daworm

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Reply #8 on: Jan 14, 2010, 08:16 PM

Change of strategy .. medyo kinakabahan ako sa news mamaya .. I closed all open positions at 1.4488



ribbit

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Reply #9 on: Jan 15, 2010, 10:13 AM
^closed at 4488 or 4588?  'cause i didn't see the price touch 1.4588 on my platform.  thanks in advance for clarifying.


daworm

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Reply #10 on: Jan 15, 2010, 10:46 AM

^closed at 4488 or 4588?  'cause i didn't see the price touch 1.4588 on my platform.  thanks in advance for clarifying.


Closed at 4488 but went back in short again at 4474 after the news ...  1st TP is at 4363


beast_master

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Reply #11 on: Jan 15, 2010, 10:02 PM
« Last Edit: Jan 15, 2010, 10:04 PM by beast_master »


ninjafx

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Reply #12 on: Jan 15, 2010, 10:11 PM
Ako naman para sa akin I think Forex Trading is "RISK" . . .  Calculated Risk . . . :rakenrol:


daworm

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Reply #13 on: Jan 15, 2010, 11:48 PM


Prospera

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Reply #14 on: Jan 16, 2010, 04:37 PM
^Good job, daworm.

I'm near-term bullish on this pair, though.


 


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