Goal without a plan is just a wish.
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cable short for gbpusd? 6 replies
Disliked{quote} Seems like a short term pullback, but to be safe just book your profits.Ignored
Dislikedgood morning waveski, i ask you straight out... the following happened to me yesterday during demo trading: after a series of hedges, a SHORT (1st SHORT) did not reach its TP. I then entered into another SHORT (2nd SHORT), placing the TP at the level of the 1st SHORT. I then repeatedly bought LONGS with TP (green staples) when prices were rising and made a lot of profit. But now I am waiting for a chance to get rid of the two SHORTS while I continue to bag LONGS. The floating losses from the SHORTS are high, of course, but I partially offset them...Ignored
Disliked{quote} Bank it, don't protect it. The money you bank, then use it to make more.Ignored
Disliked{quote} Morning Bird, In this scenario I would SHORT again no TP no SL and still have 1x LONG with TP no SL, then close SHORTS x 3 at BE or you can let them run until the 3x SHORTS are in the profit that matches the loss on your LONG, this is just one option, hence why I say play around with it and ask yourself the question "what would I do", some of my trades go on for months however I always making money hedging, P/L is always in the red something you will have to get use to believe me it's hard to get your head around it at first but you do get...Ignored
DislikedCome on need to see a drop below todays pivot towards S1. Long way to go lolIgnored
Disliked{quote} Yes, this is a bad habit of mine, to not take what's on offer to me, even though I know I should. I'm trying to get this into my tiny brain, and I will keep tryingIgnored
Disliked{quote} hope so, 1 ) I can recoup some of my losses 2) yesterdays rise seems unexplained US data was very good where as UK nothing to show. Was expecting a drop below 109 instead it went against my logicIgnored
Disliked{quote} Hi, Sorry for your loss could you please tell why SL is larger than TP is this your style and how you handle it if trade goes against you. Best wishes. Thank You. $Ignored