Do not let the cost of being wrong, exceed the prize of beeing right
GBPNZD 17 replies
GBPNZD hedge help 3 replies
Why does NZD carry more weight in GBPNZD? 3 replies
GBPNZD - How do you trade it? 2 replies
Disliked{quote} I was close to you on that trade. out as well. cannot lose those pips. good to let winners run, (But not too long- might give it all back..) Good trades. good week. now we are back in the upper end of the middle again..Ignored
Disliked{quote} I am happy you did well on the trade. I was very unsure when closing. It seems that I closed the position atleast 100 pips to early. My guess is that it will reach 2.01.... I am still short GBPAUD and long AUDCAD though...Ignored
Dislikedactually quite normal moves for this pair. That's why they call 'er 'the beast' happens too often huge pips in a day, and many people stay away for that reason as well, overleveraged big position traders.Ignored
Disliked{quote} Thanks, man. I've been trading and studying the markets obsessively (in every sense of the word) for 11 years now. You still short?Ignored
Disliked{quote} Thanks, man. I've been trading and studying the markets obsessively (in every sense of the word) for 11 years now. You still short?Ignored
Disliked{quote} I think it is better to know that you might only be partially correct with your forecast, and it'd be best if you watched for signs that you are wrong. I don't mean when the market starts to retrace. I mean when you start to see POWER! Or, you may see the moves lower get weaker and weaker, while buyers are getting stronger and stronger----then it is time to get out BEFORE your target is hit.Ignored
Disliked{quote} And this GBPUSD trade I'm in is a perfect example of judging a retrace for what it is and not getting scared out of my position just because it went against me while I slept. The retrace looks weak, and I don't see any real power. Selling was strong before a bottom was made, and it turned at a weak spot (look back in history to the last time it was at that price). I could add size here, but I basically already did at these levels before the drop. So just sticking with the plan and not getting shaken out by a weak retrace. To win a big trade...Ignored
Disliked{quote} You think it's a horrible long around here? It just seems like it should rally at least 100 pips... 600 pip drop in 24 hours... haha, but we both know it can fall more today.Ignored
Disliked{quote} Well, I don't see any big buys down here. Its possible, of course, but I would use any rebound to add size to a short, provided the retrace looks like it won't last long. I definitely wouldn't be buying yet.Ignored
Disliked{quote} heads to my stop, then I will lose small. It is part of the game, there is always a chance that you're wrong. But its the giving yourself a chance at huge gains that really makes the difference (or did for me, at least).Ignored
DislikedThis looks like it's setting up for a bounce..... may still have more downside first though, but I think it should have a decent size bounce from these levels in time. {image} {image}Ignored
Disliked{quote} It might, but I don't see any reason to buy down here, CK. I don't see any real buyers down here. I hope you have a close stop in place, because we might get down to 1.9600 soon. I think its good to have levels and spots where you expect a reversal, but you don't want to be the first guy to buy/sell. Let the big buyers and sellers show they're thinking the same thing as you first. Let them appear first. They build positions, which is what gives us the hint. If you needed to buy 20,000 lots of GBPNZD, you wouldn't just flood the market all...Ignored