suit yourself.
I thought I saw u saying daily trend anyway no harm intended and a good observation
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
- #121,901
- Jul 15, 2009 1:30pm Jul 15, 2009 1:30pm
- | Joined Apr 2008 | Status: J16 Turtle | 1,572 Posts
I thought I saw u saying daily trend anyway no harm intended and a good observation
- #121,903
- Jul 15, 2009 1:40pm Jul 15, 2009 1:40pm
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
I'm getting tyred.
Made a SL @ 4140 with trailing 10
Good night
Don't be a hero. Don't have an ego. Always question yourself
- #121,905
- Jul 15, 2009 1:46pm Jul 15, 2009 1:46pm
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
You believe Gator?
Don't be a hero. Don't have an ego. Always question yourself
- #121,907
- Jul 15, 2009 1:55pm Jul 15, 2009 1:55pm
- Joined Oct 2008 | Status: sideline is a position | 105,146 Posts
those who can, do. those who cant, talk about those who can
- #121,908
- Jul 15, 2009 2:02pm Jul 15, 2009 2:02pm
- Joined Oct 2008 | Status: sideline is a position | 105,146 Posts
Closed at 4102, gator insisted
those who can, do. those who cant, talk about those who can
- #121,911
- Jul 15, 2009 2:19pm Jul 15, 2009 2:19pm
- Joined Oct 2008 | Status: sideline is a position | 105,146 Posts
those who can, do. those who cant, talk about those who can
- #121,913
- Jul 15, 2009 2:27pm Jul 15, 2009 2:27pm
I have a short running in red too, not covered by a hedge this time as I hoped to clear out my hedge totally (but I didn't expected such a move today). But it ain't a big deal, even 1.50 wouldn't take me out, but 1.39 is my TP for my short one atm.. I hope we will reach it sooner or later...
I don't wonna panic and put another short as this could make this more difficult if the trend keeps on going south.
Not the best trading style I know, so don't take an example on this
I don't wonna panic and put another short as this could make this more difficult if the trend keeps on going south.
Not the best trading style I know, so don't take an example on this
im limiting my trading to short term till after most of the earnings are out..but with the big rally in equitys i am surprised we are not higher..4148 could be the top.. but i dont know ho it will end up... if a euro favorable report is released when we are at the top we breach the top... no body can answer this..i have a short going thats red.. if i was not in it i would stay out or scalp..or trade eur/gbp boring but safer
Close your eyes when you feel you are going under.
- #121,914
- Jul 15, 2009 2:36pm Jul 15, 2009 2:36pm
- | Joined Oct 2006 | Status: Naked Trader | 139 Posts
I opened a heavy short @ 1,4116, SL @ 1,4126 TP (50% at 10 pips, rest target 1,4067).
This is an addition to my other shorts.
pips needed to reach ur SL = -8
pips needed to take ur (first) TP = 12
profit vs. loss = 50/50
chance of winning in random market = 40/60
thats not a good coin toss
u need an HUGE advantage over the market to trade in this style profitable.
- #121,917
- Jul 15, 2009 3:04pm Jul 15, 2009 3:04pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
i dont know what ur spread is, but ill take 2 pips as an average.
pips needed to reach ur SL = -8
pips needed to take ur (first) TP = 12
profit vs. loss = 50/50
chance of winning in random market = 40/60
thats not a good coin toss
u need an HUGE advantage over the market to trade in this style profitable.
That sounds facetious & was Entirely not intended to be.
I agree with you whole fundedly & I Know that it is a Pit Trap common to most freshmen.
"I gotta be In The Market. If I was wrong the Last time; then I will just change my colours."
WRONG Reason.
On the other hand you have a recommendation from a 45 Day Member with> 100 posts. {# of Posts does not indicate wisdom}.
Again; It comes down to you.
- #121,919
- Jul 15, 2009 3:11pm Jul 15, 2009 3:11pm
- Joined Jul 2009 | Status: Trader | 4,859 Posts
Disclaimer: Check your 1m charts
