hi! i went long at 6473 when eur/usd bounced of resist level at 4015, i'm now wondering how high could gbp climb, to 6550 or try 6600, or should i just take it at 6525, days high. Dow is going sky high, if we look at it as an indicator we should make new highs, but PA have been quite strange lately (for me)
Cable Update (GBPUSD)
- #153,002
- Jul 30, 2009 9:21am Jul 30, 2009 9:21am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hear the music before the song is over ...
- #153,003
- Jul 30, 2009 9:22am Jul 30, 2009 9:22am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?
- #153,004
- Jul 30, 2009 9:24am Jul 30, 2009 9:24am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
I slapped another PO at the same 6520 but I doubt it will get there now. I'm not chasing it down hill though.
IT WILL...remember to just book your profits along the way like said they could pull couple more stunts like this...
Hear the music before the song is over ...
- #153,006
- Jul 30, 2009 9:28am Jul 30, 2009 9:28am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
At this point I'm hoping 6500 will hold. I'm at BE+ 1 and it might be too soon for that. But at least I can't loose.
Ghost Rider - WWTBMD?
- #153,007
- Jul 30, 2009 9:31am Jul 30, 2009 9:31am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
like said they could pull couple more stunts like this...
Ghost Rider - WWTBMD?
- #153,008
- Jul 30, 2009 9:32am Jul 30, 2009 9:32am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #153,009
- Jul 30, 2009 9:32am Jul 30, 2009 9:32am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?
- #153,010
- Jul 30, 2009 9:32am Jul 30, 2009 9:32am
- | Joined Oct 2008 | Status: Trader | 1,035 Posts
hi! i went long at 6473 when eur/usd bounced of resist level at 4015, i'm now wondering how high could gbp climb, to 6550 or try 6600, or should i just take it at 6525, days high. Dow is going sky high, if we look at it as an indicator we should make new highs, but PA have been quite strange lately (for me)
ROBOT FOREX
- #153,011
- Jul 30, 2009 9:32am Jul 30, 2009 9:32am
- Joined Feb 2006 | Status: Pips Pod... | 1,611 Posts
Prepare the skyRocket... My system just tell me to enter LONG @ 1.65
- #153,012
- Jul 30, 2009 9:34am Jul 30, 2009 9:34am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
i must be actually improving..
- #153,013
- Jul 30, 2009 9:35am Jul 30, 2009 9:35am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
just stop and think about this!
this morning on the rally you went short (which where you shouldn't have) and give yourself 50 pips space remember
now at this level (which in my opinion is golden) your sl is @ BE
My friend, trust me... if you plan to live off of this, you really really need to think about what I'm saying hard and long. This is just like the stuff I told you yesterday but now it's the other way around....its all about RRR...
Hear the music before the song is over ...
- #153,014
- Jul 30, 2009 9:38am Jul 30, 2009 9:38am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?
- #153,015
- Jul 30, 2009 9:38am Jul 30, 2009 9:38am
- | Joined Oct 2008 | Status: Trader | 1,035 Posts
Prepare the skyRocket... My system just tell me to enter LONG @ 1.65
from 6550 I'll add big sell and sell too GY
ROBOT FOREX
- #153,017
- Jul 30, 2009 9:40am Jul 30, 2009 9:40am
- | Joined Jun 2007 | Status: Still Learning :) | 1,203 Posts
I will but only bear rocket launcher
from 6550 I'll add big sell and sell too GY
Ub
- #153,018
- Jul 30, 2009 9:41am Jul 30, 2009 9:41am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Yeah I had a 50 pip SL on that one but moved it too soon. Same exact trade again now. Just took it at 6520 and a 50 pip SL again.
And believe me, I really do think about what you, and others have said.
Great my friend...
wishing you the best
Hear the music before the song is over ...
- #153,019
- Jul 30, 2009 9:41am Jul 30, 2009 9:41am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
for what it is worth placing trades on BE after a few pips just makes this game harder cause u can be right and still get stopped out
if u enter in the right place price always will come back and u always will get stopped.. this is how support and resistance works....
trust the trade and let it breath..u accepted the risk the minute u pressed the button, now let it go
different if yur 100+ pips up thou...just my 2 cents
if u enter in the right place price always will come back and u always will get stopped.. this is how support and resistance works....
trust the trade and let it breath..u accepted the risk the minute u pressed the button, now let it go
different if yur 100+ pips up thou...just my 2 cents
- #153,020
- Jul 30, 2009 9:42am Jul 30, 2009 9:42am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
I will but only bear rocket launcher
from 6550 I'll add big sell and sell too GY
For record, I shorted Geppy, betting it would drop 100 pips or so from current level ..
