The only way not to think about money is to have a great deal of it:money:
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DislikedStill holding on to them freaking longs from 1.5653. D shit's gonna hit the fan immediately 1.5750 snaps! target 1.5900Ignored
DislikedFor me Nav it is simply the fact that we are at a near 4 month high right now and i dont see any fundamental reason to suggest that the UK economy v the US is any better position than it was over the last 4 months. Certainly not almost 600 pips.
I think the US NFP is going to be crucial but im currently short, no real changes overall
Im not however expecting much action beneath 1.58 and have my T/P set here. I agree we have been in a bullish trend now for 3 months which seems to have accelerated over the last month. I just think from a purely...Ignored
DislikedStill in this fucking trade! we should see 1.5950 soonIgnored
DislikedWow this is just super!
Added another short 5894
4x short 5823
Long on USD/Cad 2x9850 this one already in profit.
This is my ceiling.Have to wait and weather the storm.
There is a serious correlation imbalance Cable should really be at 56. I am confident on these sets of trades.Ignored
Dislikedwhat we need is some inside info on that court ruling, im gonna make some callsIgnored
DislikedCable basically flying on Euro wings.Recent bogus up moves on Euro has not seen any serious retrace since 24 and pressure is building for that to happen and we will see Cable diving down as well.
The key is Euro 2600 major resistance and already looks like it failed to break.
That is my reasoning but as you know its forex anything can happen.
I am confident on retrace.Most moves retrace 50% before resuming.Ignored
Dislikedwould you be right or in profit ?
your head tells us there is no logic in EU and GBP being strong so you open shorts.
but the market does not use logic and goes long.
so....you like money or you like to be right and proud ?
this is why I said it is better to sideline till the end of the world (aka 12th sept)Ignored
DislikedI made mistakes and will continue to do so.Nobody is right or wrong.Its a question of probability.
Probability of PA going to 5800 is greater then going 59 and higher in near future.
Key here is near future like this week by Friday.Ignored
Dislikednot pointing fingers as I am short biased for now as well.just asking a question why?
thanks for the reply
we will see.I just don't like the farts on the news very 5 min and market choppy up down in a 10-20 pips rangeIgnored
Dislikedif I was biased now I would be short term short like now @ 1.5890
SL @ 1.5930 and TP1 1.583X
TP2 @ 1.5797-99 and TP3 @ 1.5761-65
I'll take my chance hereIgnored
DislikedAnd I'm waiting for that 1.59 breakage to fly to 1.60
This is why FX is so great, everyone has their opinions,,, someone is always right and someone always wrong.
Unfortunately mine is like a marriage and I'm always wrong!Ignored
DislikedFor Cable to reach 1.60 Euro must reach 1.27 and I don't see that happening in near future.
I think in probabilities.Ignored
DislikedHas anyone even looked at the Daily? Has anyone even seen this 61.8% Fibo hit?Ignored
DislikedBloomberg reporting that Bernanke promised action? Must have been reading something different to me.
Good old Bloomberg optimism, just love it.Ignored
DislikedI can not go long against everything I have been taught. How can you go long here against a 61.8 % fib test and a Bearish Rising Wedge. It may go long but my money is short here. The good thing is you can get this short at a bargain with a small stop loss of about 100 pips at 1.6020. Downside potential is at least 3 bills.Ignored
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