Old and defunct Holy Graily Bob

Post by **wolfeman** » Thu Jan 15, 2015 9:47 am

Holy crap... My account just took a major hit. OUCH!

This could take a day or two, to recover.....

Post by **Gertje** » Thu Jan 15, 2015 9:48 am

Libor rate change; -0.25 -> -0.75

Post by **wolfeman** » Thu Jan 15, 2015 9:57 am

Look at those candles! Wow... Thank God for the close all script. I'm all flat for a while.

Lucky me... another system I use was on the right side of that move. First time ever! :!!:

Post by **Wiggy1965** » Thu Jan 15, 2015 9:58 am

And then there was news....;-/

ariel · Post by **ariel** » Thu Jan 15, 2015 10:55 am

ALoveSvpreme » Tue Jan 13, 2015 7:55 pm wrote:Still made over 950 pips today trading 12 pairs, leaving all positions open with 50 pip JS and closing some manually at reasonable profit.

Today you account win 400%, and my account loss 18%.

Post by **SteveHopwood** » Thu Jan 15, 2015 11:00 am

Wow.

I decided to take the plunge and put HGB on my tiny live account, about 10 minutes before the AC plunge. Half an hour or so later, the account was c.40% less tiny.

xauusdh1.png

HGB has knocked off for the day and I will not trade tomorrow - no sense in giving all that profit back.

In common with a few of you, the move knocked out my demo account. We now know that using a margin call as an emergency stop loss is a bad idea in a fast moving market.

Events today prove yet again the old adage, that timing is everything.

Live, I had my margin level protection set to 400%. HGB duly opened no more initial trades once the margin fell below this figure.

News 'events' were actually news non-events for a couple of years. Even NFP raised little more than a yawn. Recent evidence suggests that this has changed and news releases are again releasing shock-waves into the Forex markets - worthwhile bearing in mind when deciding to trade or not.

Post by **Gertje** » Thu Jan 15, 2015 11:04 am

For sure the SNB make a killing today.
THEY knew what was coming....

Post by **rocketman99** » Thu Jan 15, 2015 11:08 am

DoctorGremlin » Thu Jan 15, 2015 10:46 am wrote:What kind of News was this? i have never seen such an impact in the 1.5 years of forex.
Lucky i got only 3 open trades on CHFJPY, but with no stoploss (1250 pips drawdown).
Lets see what happens when price return (there will be a move back).

I had 5x open positions all in wrong direction. My live account has grown to 10% DD

I was doing so well lately. And stop loss would not have helped as the market gapped. There is no hope of any near term recovery so what to do? I am sitting on 2% account damage per trade so to trade another day i should just close out and move on.

Post by **WorldsEnd** » Thu Jan 15, 2015 11:09 am

Gertje » 15 Jan 2015, 13:04 wrote:For sure the SNB make a killing today.
THEY knew what was coming....

... wondering what is going to come when NY opens in 2 hours ...

Kimmy · Post by **Kimmy** » Thu Jan 15, 2015 11:21 am

like some of you here today my account is in meltdown

i still have 3 open chfjpy shorts .....what to do ? .....should i wait and hope for some retracement in price ?

still a large spread on my account ....Global Prime...live...and if i close now i lose 70% on my account !

feeling that i have been somewhat stupid about getting myself in this situation

.....but will beat myself up after dealing with these trades
anyone else still got open trades ?....any suggestions and advice is greatly appreciated guys....thanks