A wise man changes his mind, a fool never will
- #128,784
- Edited 2:23pm Mar 17, 2021 1:55pm | Edited 2:23pm
- Joined Dec 2018 | Status: Trader | 1,483 Posts
Need a rest for long IMO cant break (1) today, and back to short but 1.1930-1.1921
i want buy at here,
im not selling, my TP for buy to 1.2249\
its my reason 
I have a mistake because i write it. 
i want buy at here,
im not selling, my TP for buy to 1.2249\
its my reason
I have a mistake because i write it.
- #128,787
- Edited 2:27pm Mar 17, 2021 2:02pm | Edited 2:27pm
- Joined May 2014 | Status: Alive | 523 Posts
I am longing for some profits 1.1898 UPDATE. Now long at 1.1892 but took some losses and at one point I even lost my net long because I increased too fast as it went down and found myself overextended. UPDATE. Now long at 1.891 after reducing position at profit. PS. I was such a fool for increasing too fast the long in the down and taking losses... UPDATE. Out at 1.1916 +2% on equity. Without the original mistake it would have been double that, with no angst. UPDATE. Small short 1.1915 closed in profit and building another long position 1.1898 This...
Early in the spike I took a short to close one third of the long I had, but before I could take out the prepositioned limit sells they were executed... so I accidentally went net short.
UPDATE. Kind of hesitant to act rapidly I sat and waited for a long time. Took some sells starting around 1.196 all the way to 1.198. Closed all 1.1966 Bottom line I close the day at +3%, It would have been a +4% closing just before the news. It would have been a +8% if I had just sat and did nothing without prepositioning the TP. The size of the spike was completely unexpected for me.
I'm just stunned as in years I never did something like this.
Of course it's nothing compared to the kind of stuff that happens to people in those events.
Now it could have reached a top and a sizable retr. seems in order but I am out. Within a couple of days tops it should retr. half the spike. Maybe.
Practitioner of the cryptic trading arts
.
- #128,789
- Mar 17, 2021 2:06pm Mar 17, 2021 2:06pm
{quote} I just experienced a colossal fuck-up of a new kind (for me)... Early in the spike I took a short to close one third of the long I had, but before I could take out the prepositioned limit sells they were executed... so I accidentally went net short.
will it continue to rise at least to 1.2000?
Over 1500+ confirmed sniped pips... and counting...
- #128,790
- Mar 17, 2021 2:07pm Mar 17, 2021 2:07pm
- Joined May 2014 | Status: Full Time Trader | 27,134 Posts
Focus only on what truly matters!
- #128,791
- Mar 17, 2021 2:09pm Mar 17, 2021 2:09pm
- Joined Nov 2008 | Status: Trader | 2,142 Posts
Tried something I hadn't done before on this announcement. Put in an OCO stop buy order 2 pips above ask and stop sell order 2 pips below bid 10 seconds before release. Got immediate fill on the buy at 1.912 and promptly entered closing order at BE to protect against potential whipsaw. Exited 2 minutes later at 1.91512. Worked out how I imagined it would this time. I can imagine the possibility of not getting as good of a fill before price reversal and perhaps there are other dangers to this little trick. If you have done it the past and can share...
Congrats. on your generous broker!
- #128,792
- Mar 17, 2021 2:14pm Mar 17, 2021 2:14pm
- Joined Aug 2011 | Status: Trader | 4,956 Posts
{image}
As the lights go by so too do the shadows move
- #128,794
- Mar 17, 2021 2:52pm Mar 17, 2021 2:52pm
- Joined Jul 2007 | Status: Trader | 3,577 Posts
...because you never know - until you do!
- #128,795
- Mar 17, 2021 2:55pm Mar 17, 2021 2:55pm
- Joined Jul 2007 | Status: Trader | 3,577 Posts
...because you never know - until you do!
- #128,796
- Mar 17, 2021 3:04pm Mar 17, 2021 3:04pm
If H1 chart prints a long-ass mofu candle, the vacuum effect can allow a revisit to 1.1914 area.. Not a must but possible.. There will be plenty of time to buy dips again and again.. Stay cool, rinse and repeat buying dips and have fun..
- #128,797
- Mar 17, 2021 3:20pm Mar 17, 2021 3:20pm
- Joined May 2014 | Status: Full Time Trader | 27,134 Posts
{quote} When you mentioned you were buying the dips I'm curious as to how many pips you consider a "dip"? As I write EU is at 1.197X. Would you have buy orders at 1.1942 or do you just watch and purchase manually? I'm curious and forgive me if I'm asking to much.
Focus only on what truly matters!
- #128,798
- Mar 17, 2021 3:22pm Mar 17, 2021 3:22pm
- Joined May 2014 | Status: Full Time Trader | 27,134 Posts
{quote} Is a massive retracement like this out of question now since there has been another candle close? not sure what your mofu candle rules are like
Focus only on what truly matters!
- #128,799
- Mar 17, 2021 3:26pm Mar 17, 2021 3:26pm
- Joined May 2014 | Status: Full Time Trader | 27,134 Posts
H1 Status Update
For my followers: Current aggressive buy level sits at 1.19445... Not much to say.. We better rinse and repeat buying dips based on H1 or M15...
For my followers: Current aggressive buy level sits at 1.19445... Not much to say.. We better rinse and repeat buying dips based on H1 or M15...
Focus only on what truly matters!
