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Forex General Discussion General discussion of forex trading. Any common discussion related of forex could be find here except of Forex systems.

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  #1  
Old 09-02-2010, 08:47 PM
Pak.Lang Pak.Lang is offline
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Lightbulb $21,000 burn

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War story, huh? How about a real nightmare story....About 2 years ago, right before New Years day, I was packing my stuff getting ready to go to Vegas to spend New Year..and I noticed the Pound/Yen had just moved about 400 pips down...I figured it was time to do a long scalp. So I put a 2 lot trade ($20 a pip) and tried to get about 10 pips against the trend. Well it quickly moves down another 50 pips(and I freeze up) but what I didn't know was that the market closed early that friday, and I didn't have a stop loss on. So I fly to Vegas and figure Monday I'll take care of the trade. I wasn't worried because I figured it would retrace eventually and I'd get back to even. Monday, when I log on, it had moved over another 600 pips down. This is when the Dow first started really crashing. I'm now $11,000.00 down and I only had a 13,000$ account to start with. Now I've only got $2,000 left in the account. So I run to a branch of Bank 0f America and I wire in $8000.00 to my broker so I don't blow out the account. I figure there is no way it's going down enough to take that money too. I still don't have a stop-loss cause I don't want to get out while I'm this far down. I decide to forget about things and enjoy my trip and wait for it to come back. That night it goes down another 500 pips and my account gets liquidated. Pound/yen must have dropped 2000 pips in a few days. Total loss $21,000.00. And in the next 6 months the Pound/yen never came close to coming back where it was before that. So if anyone says, "It can't go down any more....." Don't listen.
- Azhar
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  #2  
Old 09-02-2010, 08:52 PM
scalperzmania... scalperzmania... is offline
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Trade forex hati kena cekal
X ada rezeki hari ini akan ada rezeki lebih baik utk anda kemudian hari
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  #3  
Old 09-02-2010, 09:07 PM
sakuragi fx sakuragi fx is offline
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Quote:
Originally Posted by AzharHafiz.com View Post
- Azhar
Nice story...
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  #4  
Old 09-02-2010, 09:41 PM
abu85 abu85 is offline
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follow the trend..
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  #5  
Old 09-02-2010, 09:50 PM
jibam jibam is online now
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follow pun kena.. lawan pun kena... sabaq aja la..
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  #6  
Old 09-02-2010, 09:53 PM
moneymaker3000 moneymaker3000 is offline
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kalau dia bagitau tarikh kejadian bagus gak, aku nak tgk gj turun kaw2 tu
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  #7  
Old 09-02-2010, 10:03 PM
kni kni is online now
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memang hati kering ni...

kalau aku masuk post $10 per pip, aku tak gi mana2 dah...
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  #8  
Old 09-02-2010, 10:59 PM
haudli haudli is offline
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mmg menggila ...kalau convert rm..pergghh
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  #9  
Old 10-02-2010, 12:28 AM
MKO MKO is offline
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yg aku tau black october 2008 yg GJ junam kaw2...
tapi citer ni awal tahun baru lak...
ntah btol ke ni?

but moral of the story boleh pakai le.....
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Old 10-02-2010, 12:35 AM
NEMO NEMO is offline
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2000 pip tanpa retrace..really nightmare....tat's why we need to put SL
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