Im still holding my stupid long trade. I had a rule for myself to never trade on a sunday (monday night) and i broke that rule and now i am paying for it. I have always been consistant following my rules and i just don't know what got into me last night. I'm so pissed i have to sit here wait for it to go back up my way..ugh
Cable Update (GBPUSD)
- #85,341
- Sep 1, 2008 2:13pm Sep 1, 2008 2:13pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #85,343
- Edited 3:09pm Sep 1, 2008 2:24pm | Edited 3:09pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
i think u have every chance to get out at 1.8050 area its acting as resistance...i dunno if it will pass this...i might do that also....but more likly down again..theres a pin on 4hr at least......so u have every chance
- #85,347
- Sep 1, 2008 2:59pm Sep 1, 2008 2:59pm
steelhead;2194815]Navin you really need to stop over trading. The best way to get into the poor house is over trading. Be patient and wait for the right setup.
lol, he is not over trading, he is over posting. Just joking nAVIN, you cool guy.
- #85,348
- Sep 1, 2008 3:03pm Sep 1, 2008 3:03pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
That's exactly what i'm waiting for now. As soon as i am out i will NEVER EVER break my rules again, this is defenitely a lesson to me..
i just watched a doc. here in UK about UK ecomony...its looking very bleak...reckon at least 1 year to come out this crisis...
- #85,349
- Sep 1, 2008 3:04pm Sep 1, 2008 3:04pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
u are right bro, my ass is on the bench, am just posting..
- #85,355
- Sep 1, 2008 4:37pm Sep 1, 2008 4:37pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I closed my trade with -64 pips loss. Big mistake and will never happen again...
nonfarm on friday .......god knows what that will bring..
- #85,356
- Edited Sep 2, 2008 2:01pm Sep 1, 2008 4:40pm | Edited Sep 2, 2008 2:01pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
I'm an intra-day trader but sometimes I need to check big TF to see what is going on in the long run, so here is an analisys on Monthly chart to have an idea of how low this currency could go. Based on that, I feel more confortable about going with the current trend.
Patience + Discipline - Greed = Success
nice 1,7950 :|.
Mister Alister had short??
. It's not so common that someone like him talks that it is so bad, he should talk that it is not so bad. Like in USA...
heh, Asians hitting Stop Losses when Europe is sleeping.
Mister Alister had short??
. It's not so common that someone like him talks that it is so bad, he should talk that it is not so bad. Like in USA...heh, Asians hitting Stop Losses when Europe is sleeping.