Too much excitement the last few hours.
ZZZZZZZZZZzzzzzzzzz
ZZZZZZZZZZzzzzzzzzz
Cable Update (GBPUSD)
- #23,061
- Aug 8, 2007 12:55pm Aug 8, 2007 12:55pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #23,063
- Aug 8, 2007 1:23pm Aug 8, 2007 1:23pm
I have only made 3 big gains ever and today was one - all 3 have been accidental - i longed the euro and gbp and drove to yorkshire to cut the lawn at my house i can't sell.
when i got back - yabberdabber -do !!!!
last time i made a huge gain, I had moved to wisconsin and accidentally left a long order on which triggered while i was away- it took 3 weeks to get back on line and i had made huge bucks by accident
the moral of the story - is - I should not micro manage my positions - put a wide stop loss on and then let the position rip for days - buying low or shorting high and always following the trend and ignoring the news and fundamentals and opinion.
will let you know if it works..
I have a different story......
Yesterday I lost my sleep and started to scalp through the night....by 4:30 AM a had almost a grand...not stellar but not too bad...right?!?! Then I went to the couch for a 5 minute nap before the BOE news...woke up....a few minutes ago hehehhehehehe....and everything was in the RED !!!!!
My EUR/USD shorts doesn't bother me much because I'm interest positive...but I'm kicking myself because of my cable shorts.
Well if something good came out of this, it's that it really opens your eyes about the luck factor. Which in my case mostly works against me !!!!
For he that would be deceived, let him.
- #23,064
- Aug 8, 2007 1:28pm Aug 8, 2007 1:28pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #23,066
- Aug 8, 2007 1:33pm Aug 8, 2007 1:33pm
- Joined Jun 2006 | Status: Trend is not my friend | 1,492 Posts
Sell @ 2.0351 (2 lots) SL was hit @ 2.0335 (+32 pips) Extremely shit
Sell @ 2.0460 (2 lots) still running - SL @ BE
Sell @ 2.0335 still running - SL was hit @ 2.0335 (zero pips) Extremely shit
Sell @ 2.0325 still running - SL was hit @ 2.0335 (-10 pips) Extremely shit
Sell @ 2.0315 still running - SL was hit @ 2.0335 (-20 pips) Extremely shit
Better to say SL was shit @ 2.0335
Today was the most shitty day for me in forex, I had an unrealised pips (+1484) when prices reached 2.0155, my TP for all trades was 2.0145 missed by 10 pips
I was away when the king started his brilliant speech, fart after fart and I found that after an unrealised +1484 pips I had most of my trades reached their SL, except for the 2.0460 (2 lots) still running with SL @ BE, and I placed new trades
Sell @ 2.0375
Sell @ 2.0385
Sell @ 2.0395 (2 lots)
In addition to Sell @ 2.0460 (2 lots)
Sell @ 2.0460 (2 lots) still running - SL @ BE
Sell @ 2.0335 still running - SL was hit @ 2.0335 (zero pips) Extremely shit
Sell @ 2.0325 still running - SL was hit @ 2.0335 (-10 pips) Extremely shit
Sell @ 2.0315 still running - SL was hit @ 2.0335 (-20 pips) Extremely shit
Better to say SL was shit @ 2.0335
Today was the most shitty day for me in forex, I had an unrealised pips (+1484) when prices reached 2.0155, my TP for all trades was 2.0145 missed by 10 pips
I was away when the king started his brilliant speech, fart after fart and I found that after an unrealised +1484 pips I had most of my trades reached their SL, except for the 2.0460 (2 lots) still running with SL @ BE, and I placed new trades
Sell @ 2.0375
Sell @ 2.0385
Sell @ 2.0395 (2 lots)
In addition to Sell @ 2.0460 (2 lots)
- #23,067
- Aug 8, 2007 1:37pm Aug 8, 2007 1:37pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
Sell @ 2.0351 (2 lots) SL was hit @ 2.0335 (+32 pips) Extremely shit
Sell @ 2.0460 (2 lots) still running - SL @ BE
Sell @ 2.0335 still running - SL was hit @ 2.0335 (zero pips) Extremely shit
Sell @ 2.0325 still running - SL was hit @ 2.0335 (-10 pips) Extremely shit
Sell @ 2.0315 still running - SL was hit @ 2.0335 (-20 pips) Extremely shit
Better to say SL was shit @ 2.0335
Today was the most shitty day for me in forex, I had an unrealised pips (+1484) when prices reached 2.0155, my TP for all trades was 2.0145 missed by 10 pips
I was away when the king started his brilliant speech, fart after fart and I found that after an unrealised +1484 pips I had most of my trades reached their SL, except for the 2.0460 (2 lots) still running with SL @ BE, and I placed new trades
Sell @ 2.0375
Sell @ 2.0385
Sell @ 2.0395 (2 lots)
In addition to Sell @ 2.0460 (2 lots)
Back chewing drawdowns and selling rallies. What you gonna do, anyway?
- #23,069
- Aug 8, 2007 1:52pm Aug 8, 2007 1:52pm
- Joined Jul 2007 | Status: Senior Member | 1,553 Posts
Short below 2.039 with targets @ 2.033 & 2.031
- #23,071
- Aug 8, 2007 2:01pm Aug 8, 2007 2:01pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #23,074
- Aug 8, 2007 2:09pm Aug 8, 2007 2:09pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
It was biggest loling for me this year
- #23,076
- Aug 8, 2007 2:24pm Aug 8, 2007 2:24pm
- Joined Jan 2007 | Status: Trader | 1,407 Posts
hey manu, where is that japanese gal you posted here some time ago?
- #23,077
- Aug 8, 2007 2:24pm Aug 8, 2007 2:24pm
- Joined Jun 2006 | Status: Trend is not my friend | 1,492 Posts
What you gonna do, anyway?
- #23,079
- Aug 8, 2007 2:28pm Aug 8, 2007 2:28pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts