Closed position. It's rather small lot, but since the lost is big, % wise, it's quite painful. I got in because it look rather bearish and I expect more whipsawing, until it retraces more. But the sudden weakness of the dollar kinda destroy ...

What you mean by hedge? Sell GBP/USD or do other currency?

So all sign pointing south still? So, I need to get out first then enter later at lower rate or what? I'm so frustrated now?

Can anyone advice me what to do? I got long @ 2.0150. Should I get out now or what?

I'm impressed. I think you are the real deal Pips.

Ben, I think those articles enlighten me a bit. Yes, I should actually start doing. But my other problem is that I dont have a strategy or plan for this short term trades. But then again you are right, if I dont have the plan, then I should make one ...

Thanks for the input guys, I might just do that luqmanz. But I'm still leaving the option open to make money and have fun at the same time. Still naively believe in that. Will keep trying to find the answer...

Sorry, what I mean by that my strategy wont work in intraday, is actually a question asking what works for intraday, as well as a question asking if trend lines and fib are useless in short period of time. I've read that maybe MA cross is the idea, ...

Thank you for all the responses, will check them out one by one. Thinking about PF, but I feel I'm not ready yet. I prefer to do it on my own first before interacting in such high level conversation.

First of all, I'd like to thank TA about this method. Did some manual back-testing as far as 9 months. Looks good, and I'm quite comfortable at 4hr setting. Anyway, I've gone through like 15 pages of this thread but didnt see anything that relates ...

to the original quoter defense... it's simple, if you click next to the jacko guy name in the quote you will find out that it is #3601. So about 800+ post behind. A bit old, so I wonder why he brought it up now.

closed my position @ 1.9512. I think I'm done for the day.

I took that trade too... short @ 1.9742. beginner's luck? my reasoning was that I'm seeing a wedge (something I just learnt minutes before trading). If I draw it correctly, it should be able to reach about 1.9545... we'll see. I haven't take profit ...

stefant, thanks a lot. that website pretty much answer my questions, and more... go getter, that's a clear example. will try to learn and implement on my demo account soon. thanks.