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Waiting in the long grass

  • #21
  • Feb 3, 2023 2:18am Feb 3, 2023 2:18am
I have a Sell on GU. It looks ok, but something doesn't seem right. I have to trust my method though

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I am neither brave nor stupid...I am just a part time trader
  • #22
  • Feb 3, 2023 2:24am Feb 3, 2023 2:24am
UJ

looking at current set up for going long.
Giving it a try for scalp.
got to be extra careful as NFP in five hours may turn market upside down
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #23
  • Feb 3, 2023 2:26am Feb 3, 2023 2:26am
Quoting Pat Chiko
UJ looking at current set up for going long. Giving it a try for scalp. got to be extra careful as NFP in five hours may turn market upside down{image}
Hello Pat....so nice of you to drop by

Yes, NFP is a consideration, but I will be in my bed by then. If I can have a few pips for the account before sleepy time, I will be happy
I am neither brave nor stupid...I am just a part time trader
  • #24
  • Feb 3, 2023 2:30am Feb 3, 2023 2:30am
Quoting Indiara
I have a Sell on GU. It looks ok, but something doesn't seem right. I have to trust my method though {image}
It's a bit early to do this on GU, but I brought SL down to protect the trade. If SL gets eaten I may be able to re-enter, but at least I won't lose anything. I thought that GU would pop down, but maybe not

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I am neither brave nor stupid...I am just a part time trader
  • #25
  • Feb 3, 2023 2:37am Feb 3, 2023 2:37am
Quoting Indiara
{quote} It's a bit early to do this on GU, but I brought SL down to protect the trade. If SL gets eaten I may be able to re-enter, but at least I won't lose anything. I thought that GU would pop down, but maybe not {image}
If USDX could just run up and tag the 103 line, that would be very helpful to my GU trade!!

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I am neither brave nor stupid...I am just a part time trader
  • #26
  • Feb 3, 2023 2:40am Feb 3, 2023 2:40am
Quoting Indiara
{quote} If USDX could just run up and tag the 103 line, that would be very helpful to my GU trade!! {image}
Instead, my SL got tagged!! So no win, but no loss

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I am neither brave nor stupid...I am just a part time trader
  • #27
  • Feb 3, 2023 2:49am Feb 3, 2023 2:49am
Quoting Indiara
{quote} Hello Pat....so nice of you to drop by Yes, NFP is a consideration, but I will be in my bed by then. If I can have a few pips for the account before sleepy time, I will be happy
UJ

Briefly on my mind set in taking up trades...

Stop loss placement is a safeguard against me making the wrong decision, a point where I can say "oh well I was wrong about that one" and move on.
Don't place a stop and you are stuck waiting and waiting for things to turn around, tying up equity and, if the trade does turn around, lulling you into the belief that you read the market correctly, false confidence is dangerous.

Each to their own in the end though, I am not here to judge others trading styles, I hope I see you in the Brisbane.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #28
  • Feb 3, 2023 2:59am Feb 3, 2023 2:59am
Quoting Pat Chiko
{quote} UJ Briefly on my mind set in taking up trades... Stop loss placement is a safeguard against me making the wrong decision, a point where I can say "oh well I was wrong about that one" and move on. Don't place a stop and you are stuck waiting and waiting for things to turn around, tying up equity and, if the trade does turn around, lulling you into the belief that you read the market correctly, false confidence is dangerous. Each to their own in the end though, I am not here to judge others trading styles, I hope I see you in the Brisbane.{image}...
128.640 here (Long). GL Pat!
  • #29
  • Feb 3, 2023 2:59am Feb 3, 2023 2:59am
Quoting Pat Chiko
{quote} UJ Briefly on my mind set in taking up trades... Stop loss placement is a safeguard against me making the wrong decision, a point where I can say "oh well I was wrong about that one" and move on. Don't place a stop and you are stuck waiting and waiting for things to turn around, tying up equity and, if the trade does turn around, lulling you into the belief that you read the market correctly, false confidence is dangerous. Each to their own in the end though, I am not here to judge others trading styles, I hope I see you in the Brisbane.{image}...
Yes I agree....SL is a must for every trade. It does not mean we have to sit and watch the SL get stopped out in drawdown though. I hate drawdown, but sometimes it is just an unfortunate side effect of trading. Once my trade is in profit, I don't like it go negative. I will exit with protecting SL, and maybe I can enter again at a better time. I don't think there is a right or wrong way to do it, as long as we protect our capital and make a few pips when the conditions are right

We have nice coffee in Brisbane
I am neither brave nor stupid...I am just a part time trader
  • #30
  • Feb 3, 2023 3:10am Feb 3, 2023 3:10am
Quoting Indiara
{quote} Yes I agree....SL is a must for every trade. It does not mean we have to sit and watch the SL get stopped out in drawdown though. I hate drawdown, but sometimes it is just an unfortunate side effect of trading. Once my trade is in profit, I don't like it go negative. I will exit with protecting SL, and maybe I can enter again at a better time. I don't think there is a right or wrong way to do it, as long as we protect our capital and make a few pips when the conditions are right We have nice coffee in Brisbane
Where's your cat ?
What's her name ?Zora ?, Mora, nora ?.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #31
  • Feb 3, 2023 3:13am Feb 3, 2023 3:13am
Quoting Pat Chiko
{quote} Where's your cat ? What's her name ?Zora ?, Mora, nora ?.
Expect retracement on USD pairs now on this H4 candle. I'm long on EUR/USD. We'll probably have hot NFP.

(Still holding Long on USD/JPY though, GBP/USD Daily confirmed Short) at we are at Weekly S.
I also suggest EUR/USD today as I have signals for Long on EUR/GBP and am Long. (If you're thinking about buying, choose Euro over Pound).
  • #32
  • Feb 3, 2023 3:19am Feb 3, 2023 3:19am
Quoting Pat Chiko
{quote} Where's your cat ? What's her name ?Zora ?, Mora, nora ?.
She is having a rest in washroom floor!! Her name is Snowball

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I am neither brave nor stupid...I am just a part time trader
  • #33
  • Feb 3, 2023 3:20am Feb 3, 2023 3:20am
Mr Market is teasing me. I have a Buy on GU now as USDX is trying to go down

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I am neither brave nor stupid...I am just a part time trader
  • #34
  • Feb 3, 2023 3:27am Feb 3, 2023 3:27am
Quoting Indiara
Mr Market is teasing me. I have a Buy on GU now as USDX is trying to go down {image}
Closing the gap from last night.
  • #35
  • Feb 3, 2023 3:28am Feb 3, 2023 3:28am
Quoting dantpm
{quote} Closing the gap from last night.
If it can over-shoot the gap a little bit, I will be happy!!
I am neither brave nor stupid...I am just a part time trader
  • #36
  • Feb 3, 2023 3:30am Feb 3, 2023 3:30am
Quoting Indiara
{quote} She is having a rest in washroom floor!! Her name is Snowball {image}
That's Snowball doing......
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #37
  • Feb 3, 2023 3:33am Feb 3, 2023 3:33am
Quoting Pat Chiko
{quote} That's Snowball doing......{image}
How handsome!! I used to have a cat just like this...her name was Midnight!
I am neither brave nor stupid...I am just a part time trader
  • #38
  • Feb 3, 2023 3:35am Feb 3, 2023 3:35am
Quoting Indiara
Mr Market is teasing me. I have a Buy on GU now as USDX is trying to go down {image}
There we are, TP hit at +20. Daily target in my account

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Click to Enlarge Name: gu.jpg Size: 28 KB
I am neither brave nor stupid...I am just a part time trader
  • #39
  • Feb 3, 2023 3:41am Feb 3, 2023 3:41am
Took double short 1.2231
i think for a nice retrace we need dxy higher.

Must take out 102.
if failed so GU bulls?
  • #40
  • Feb 3, 2023 3:46am Feb 3, 2023 3:46am
Quoting Whale
Took double short 1.2231 i think for a nice retrace we need dxy higher. Must take out 102. if failed so GU bulls?
USDX does not seem to want to up at the moment. I see it dropping even on M30 and H1 but on NFP day (nearly) I think Mr Market can be very tricky. I have my target so I won't enter again unless there is something very good to trade. Have to protect my capital
I am neither brave nor stupid...I am just a part time trader
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