I'm outta here guys...
Orders are in place...
Catch you tom.
Cable Update (GBPUSD)
- #173,461
- Oct 6, 2009 8:59am Oct 6, 2009 8:59am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #173,462
- Oct 6, 2009 8:59am Oct 6, 2009 8:59am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
how about this for a sell...damnit i caught the absolute bottom
'...the only job of a speculator is to buy lo and sell hi...' victor neiderhoffer (!)
G/L
ex member
- #173,463
- Oct 6, 2009 9:00am Oct 6, 2009 9:00am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Bro.. YES>. im there..
see the Up move today was Fib61. and the next level im looking is 141. the Lower TL of the Wedge..
The whole wedge is a game bro.. a consolidation.. If we look at higher TF, Im expecting another Push down together with UY.. to 135 at least..
cheers
cmoon bro.. Apple Pie ??
UY will drag GY for another test of 141.. We are still playing games inside the wedge..
Another LEG down in UY and GY.. follows..
And apple Pie..
http://www.forexfactory.com/showpost...&postcount=101
http://www.forexfactory.com/showpost...&postcount=100
WormMAN.. Target Hit bro..
Both UY and GY hit the Target at 88.70 and 141.00..
take a deep Breathe.. we are still in the Wedge..
[btw. the wedges are on 4h, we need maybe few days to see a breakout..]
[Chart]
- #173,464
- Oct 6, 2009 9:12am Oct 6, 2009 9:12am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
unfortuantely they all run away..maybe forex made them brokeor they been missing u
..
I got it...
Free Pips for ladies until LDN session.......
Hear the music before the song is over ...
- #173,465
- Oct 6, 2009 9:12am Oct 6, 2009 9:12am
Good luck to you, Ahlam.
You shouldn't be taking major losses on moves seen in past 24 hours. Your leverage is probably way too high.
Paul
The Sky is the Limit!
- #173,466
- Oct 6, 2009 9:18am Oct 6, 2009 9:18am
- Joined Jun 2008 | Status: Trader | 1,739 Posts
You are right, major loss given that i had an open short since friday and my account size compared to leverage taken...well recipe for disater. It is all relative. but in the end, hadn t i gotten out, a margin call was inevitable
Just saying that, in order to remain in this game for the long-run, you need to use more sensible levels of leverage and not aim for big home runs all the time. Anyway, I don't want to lecture you. It's your account, your money and your business.
Wishing you success.
- #173,467
- Oct 6, 2009 9:20am Oct 6, 2009 9:20am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #173,471
- Oct 6, 2009 9:28am Oct 6, 2009 9:28am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
damn....we need to think of something then....
I got it...
Free Pips for ladies until LDN session.......
- #173,475
- Oct 6, 2009 9:34am Oct 6, 2009 9:34am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
actually I closed my long scalp just before DS2,
.. with Gold at 1040 and UY dropping I closed for 30p..
You are right, major loss given that i had an open short since friday and my account size compared to leverage taken...well recipe for disater. It is all relative. but in the end, had i gotten out, a margin call was inevitable
- #173,477
- Oct 6, 2009 9:42am Oct 6, 2009 9:42am
You are right, major loss given that i had an open short since friday and my account size compared to leverage taken...well recipe for disater. It is all relative. but in the end, hadn t i gotten out, a margin call was inevitable
You are probably familiar with forex experts opinion on taking a hit. If one doesn't feel the pain taking a hit then they will get up and fight again (Strange but true!).
Having timidly blown several small acounts before, I started again with a large account and within days took a 75% hit on my account. I felt a cold shiver just before pressing the button. It was a liberating moment.
You are absolutely right in that, good money mangement is the key.
I did not have a clue until I started reading up on MM. I still am breaking my own rules but generally I try to keep leverage to 4/1. I am happy to say, my account is now healthy.
G/L
None the wiser!
- #173,478
- Oct 6, 2009 9:44am Oct 6, 2009 9:44am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
i have to say im starting to question if the direction is down
gbp is being sold big time and USD is also being sold as much as well..how u supposed to know which direction, even PA is giving clues
gbp is being sold big time and USD is also being sold as much as well..how u supposed to know which direction, even PA is giving clues
- #173,479
- Oct 6, 2009 9:48am Oct 6, 2009 9:48am
- Joined Jun 2008 | Status: Trader | 1,739 Posts
Congratulations.
You are probably familiar with forex experts opinion on taking a hit. If one doesn't feel the pain taking a hit then they will get up and fight again (Strange but true!).
Having timidly blown several small acounts before, I started again with a large account and within days took a 75% hit on my account. I felt a cold shiver just before pressing the button. It was a liberating moment.
You are absolutely right in that, good money mangement is the key.
I did not have a clue until I started reading up on MM. I still...
Someone's leverage cannot be described as sensible, if they are on the verge of getting a margin call from a single bad trade or have blown previous accounts. This is a contradictory claim.
- #173,480
- Oct 6, 2009 9:49am Oct 6, 2009 9:49am
- Joined Jun 2008 | Status: Trader | 1,739 Posts
i have to say im starting to question if the direction is down
gbp is being sold big time and USD is also being sold as much as well..how u supposed to know which direction, even PA is giving clues