negativ momentum and price is going up slowly.No way this go down before news i think.Oh man this is just gonna be super day.
Cable Update (GBPUSD)
- #94,662
- Oct 29, 2008 1:08pm Oct 29, 2008 1:08pm
yep, but dont fancy buying here if that happens!! 100+ pip whipsaw
rate cut days nearly always produce big upmoves prior to the announcement during the days trade. therefore this move has been predictable and easy to trade, same for stocks,
50 baked into the cake for sure, 75 - how higher will it go? risk reward not great now
cut 25 is the best for us, will be easy to trade, sell.
- #94,663
- Oct 29, 2008 1:08pm Oct 29, 2008 1:08pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Here's a war story for you. This was years back but right now reminds of the time. There was an interest rate statement due out and I was trading the AUD/USD, I was holding one position (can't remember long or short) and right when the announcement came out, she fell over 150 pips in less than 1m and then rose 250 pips the following minute (I can't remember the exact amount, but it was insane). I had my ass wiped and handed to me that day. For some reason, today reminds me of this.
Good luck to whoever is holding a position or going to enter a postion upon the announcement! I think I'll be sitting on my thumbs just looking for nice entries. Remember, you don't have to trade everyday to make money, you just have to take good trades when you do.
Patience + Discipline - Greed = Success
- #94,664
- Oct 29, 2008 1:11pm Oct 29, 2008 1:11pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
any1 here using Alpari.co.uk
im thinking of opening a account with them, only the women i spoke to scared te hell out of me..." the said to me that if i open an account for 1K and the market conditions change and position goes against me..i could lose 1K and end up paying a debit on my account...
I said to her no f*ckin way! ....yur kidding right
scared the hell out of me, i thought u cant lose more than u have in yur account...am i wrong?
im thinking of opening a account with them, only the women i spoke to scared te hell out of me..." the said to me that if i open an account for 1K and the market conditions change and position goes against me..i could lose 1K and end up paying a debit on my account...
I said to her no f*ckin way! ....yur kidding right
scared the hell out of me, i thought u cant lose more than u have in yur account...am i wrong?
- #94,665
- Oct 29, 2008 1:12pm Oct 29, 2008 1:12pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Thats right bro! I missed most of these moves today because I was on the road but I did'nt plan to trade until after the day closed anyway... Good luck to all and I hope everyone who traded blew up their accounts..... in a positive way that is...
Just digging in the trenches like everyone else!
- #94,666
- Oct 29, 2008 1:12pm Oct 29, 2008 1:12pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,361 Posts
When life gives you lemons, make lemonade
- #94,667
- Oct 29, 2008 1:13pm Oct 29, 2008 1:13pm
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #94,668
- Oct 29, 2008 1:14pm Oct 29, 2008 1:14pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
...
scared the hell out of me, i thought u cant lose more than u have in yur account...am i wrong?
Just digging in the trenches like everyone else!
- #94,670
- Oct 29, 2008 1:14pm Oct 29, 2008 1:14pm
any1 here using Alpari.co.uk
im thinking of opening a account with them, only the women i spoke to scared te hell out of me...\" the said to me that if i open an account for 1K and the market conditions change and position goes against me..i could lose 1K and end up paying a debit on my account...
I said to her no f*ckin way! ....yur kidding right
scared the hell out of me, i thought u cant lose more than u have in yur account...am i wrong?
- #94,671
- Oct 29, 2008 1:16pm Oct 29, 2008 1:16pm
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #94,672
- Oct 29, 2008 1:17pm Oct 29, 2008 1:17pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #94,673
- Oct 29, 2008 1:19pm Oct 29, 2008 1:19pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,361 Posts
When life gives you lemons, make lemonade
- #94,677
- Oct 29, 2008 1:21pm Oct 29, 2008 1:21pm
- | Joined Dec 2007 | Status: Senior Member | 1,461 Posts
Trading is 80% Emotional, 20% Technical
any1 here using Alpari.co.uk
im thinking of opening a account with them, only the women i spoke to scared te hell out of me...\" the said to me that if i open an account for 1K and the market conditions change and position goes against me..i could lose 1K and end up paying a debit on my account...
I said to her no f*ckin way! ....yur kidding right
scared the hell out of me, i thought u cant lose more than u have in yur account...am i wrong?
- #94,680
- Oct 29, 2008 1:23pm Oct 29, 2008 1:23pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts