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- gameofpips replied Feb 23, 2018
I'm thinking we've got a bottom in one of the GBP pairs with this spike. I reckon it's GBPUSD. Next few hours would tell. If it doesn't break lower, we'd likely see 1.40 today.
- gameofpips replied Jan 7, 2018
If you think in terms of monthly income, then that means you want to continue trading for infinite numbers of years (or until retirement) despite all the risk inherent in trading. For me, I want to stop trading when I can invest my trading profit ...
- gameofpips replied Jan 7, 2018
I agree. Once the brexit rumors resurface, this thing would be as erratic as it was at the end of last year all the while steadying climbing higher. Now is a good time to enter into a GBP long and HODL.
- gameofpips replied Dec 11, 2017
Hi guys I have a simple EA request. I want an EA that is triggered at 3:59am NY time. For any profitable positions, it moves SL to breakeven. For any losers, it closes the position. Thank you all. This would save me so much sleep.
- gameofpips replied Sep 9, 2017
Last week was crazy! Made 16k. Cashed out all my capital plus $2k profit. Past two weeks, I've made 25k or so. After 4 years, I may have finally found order in the chaos. This week is my first time ever of trading house money. My goal for the week ...
- gameofpips replied Sep 7, 2017
We're hitting sub 1.20 tomorrow on CAD news.
- gameofpips replied Sep 7, 2017
EURUSD was within pips of 1.20 some minutes ago. The perfect occasion for a Draghi jawbone back to the abyss. Other EUR pairs recently hit resistance or are in bearish mode too. Regardless, I'm a reactive trader not a speculative trader so I'd wait ...
- gameofpips replied Sep 7, 2017
I agree. USD is done vs commodities (at least until next week). If the mighty Draghi is bearish, i'd short EURNZD. Yearly top would be confirmed.
- gameofpips replied Sep 7, 2017
No one has ever become rich alone without making others rich. This is an important mentality in being profitable/cutting losses early. You've got to think rich to be rich. The broker provides a very important service for us. Leverage, reliability ...
- gameofpips replied Sep 6, 2017
Careful there. I think this is the day AUDUSD makes a serious challenge at .8060. Reckon it's going to be a very bearish USD day. For the bulls, long now with SL below .7960.
- gameofpips replied Dec 19, 2016
A great part of trading is cutting your losses early. For this reason, no successful traders have a 100% win rate.
- gameofpips replied Jan 8, 2016
I quit trading in May 2015. I started trading in May 2013 and I had a good run initially. However, with the craziness of the last 18 months, I became forced to observe my trades 24/7 even during the European Open (2am for me) I still watch the ...
- gameofpips replied Jan 16, 2015
That spike to 1.2097 was just a 97 pip spike at most. As at last check, they are more risk-proof ways of making 97pips than on betting on a 3 year old floor (instituted by the former governor of a CB that has been plagued by insider trading) that is ...
- gameofpips replied Jan 16, 2015
The only way to avoid the problem is by using common sense. As much as the SNB were irresponsible, we all knew that the day was coming. EURCHF was at the floor for 2 months; it survived the gold initiative, SNB surprisingly cut rates but it returned ...
- gameofpips replied Jan 15, 2015
Let's not beat a dead horse. If you researched thoroughly, you'd see some people's SLs were not honoured because of no liquidity. Moving away from forex traders, the SNB even caused some brokers to go broke and close up shop and the article url ...
- gameofpips replied Jan 15, 2015
That was actually very funny. These people are clearly lunatics but that was a brilliant con. Make your currency the strongest safehaven and then charge people to deposit their money with banks #winning Bankers are crooks and swiss central bankers ...
- gameofpips replied Jan 15, 2015
Exactly. That's why I am freaking out. They have set a very dangerous precedent here. Today, I was lucky that I was not involved in this massacre but I cannot guarantee that tomorrow. The SNB did not inform even the IMF about this decision and the ...
- gameofpips replied Jan 15, 2015
Take a break mate. Wait until sanity returns or else you may just end up blowing your entire account in 2 minutes. The market is broken. This is also a good time to read a book or get over any trading addiction you may have been developing.
- gameofpips replied Jan 15, 2015
Correct me if I am wrong but the role of a CB is to maintain price stability and not to make profit. Once you mention profit where a CB is involved,then there is a conflict of interest because any CB governor can easily buy or sell their home ...
- gameofpips replied Jan 15, 2015
I did not get burned by the CHF but I like to ask "What would the Fed have done if they were in the SNB position"? Here's a few suggestions: a) At the last scheduled rate announcement which was on December 11, they could have given hints of the ...