my shorts are now averaging @ 1.52035
unless u are on green 
Cable Update (GBPUSD)
- #214,401
- Apr 8, 2010 5:11am Apr 8, 2010 5:11am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
unless u are on green - #214,402
- Apr 8, 2010 5:12am Apr 8, 2010 5:12am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
ALMOST put a short on at 15225, but still not convinced. It's looking like it doesnt want to go down, or up, without a fight.
Could have bagged 15 pips by now though for a quick scalp, but I'd only slip back into greed mode and lose out!
Patience my friend! Knee-jerk reactions just lose you money!
- #214,403
- Apr 8, 2010 5:14am Apr 8, 2010 5:14am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #214,404
- Apr 8, 2010 5:15am Apr 8, 2010 5:15am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
the name of the game - #214,405
- Apr 8, 2010 5:18am Apr 8, 2010 5:18am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
why place fresh orders with boe & ecb rates are to be announced less than an hour away?
It'll explode for sure, might as well wait
It'll explode for sure, might as well wait
Thank You 
- #214,406
- Apr 8, 2010 5:19am Apr 8, 2010 5:19am
- | Joined Apr 2010 | Status: In the red, aiming for the green! | 285 Posts
Knee jerk 15160 would have bagged me a nice 60, but then again could well have lost me 300 (well, less, obviously would have a SL, I've learned that lesson!!!!).Patience increases the odds of a good call though, that I have learned.
Rather keep the pips positive now
Back to basics, it has to be for me!
- #214,407
- Apr 8, 2010 5:19am Apr 8, 2010 5:19am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,055 Posts
- #214,408
- Apr 8, 2010 5:19am Apr 8, 2010 5:19am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
2nd pinbar off the zone highlighted - 4hr
- #214,409
- Apr 8, 2010 5:22am Apr 8, 2010 5:22am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
why place fresh orders with boe & ecb rates are to be announced less than an hour away?
It'll explode for sure, might as well wait
very wise - #214,410
- Apr 8, 2010 5:24am Apr 8, 2010 5:24am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
lol, sitting just between the my weekly open, have got back above the weekly open so very good chance of getting back there, my daily pp is between there where we are so keep an eye on it big news yet so any thing could happen , cheers
ah ok, i thought it was good to have small positions and build up one good position by averaging out a few...
let me know if i do wrong by going that way
EFXWorld
Nothing wrong with basing a strategy on average price. Take small shorts on the way up, only has to come half way back to hit your b/e. Sometimes better than closing out with stops on occasions.
I use average buy / sell strategy and it seems to work for me. Just don't get drawn into buy / sell positions at too small intervals between lodgments.
- #214,414
- Apr 8, 2010 5:30am Apr 8, 2010 5:30am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
safe than sorry
Good luck bro, wish you many pips!
Thank You
- #214,415
- Apr 8, 2010 5:32am Apr 8, 2010 5:32am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
triple bottom on cable hm
on the one hr yes, and triple top emerging ....
go have a beer or two fellas.
Thank You
- #214,416
- Apr 8, 2010 5:34am Apr 8, 2010 5:34am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
yup .. and price is back within 10 pips of day open. Smart money just showed their hand, how convenient is that. Very easy decision to make, follow their lead
Good luck bro, wish you many pips!
I will...I am sure we can close that gap in the next 30mins, if not, I will be out before the sheeeet hits the fan with some whip-saw action ready to take place!
- #214,418
- Apr 8, 2010 5:38am Apr 8, 2010 5:38am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
Shouldnt that be USUALLY lose you money
Patience increases the odds of a good call though, that I have learned.
Rather keep the pips positive now
EDIT: Unless you are a Kamikaze pilot!
- #214,419
- Apr 8, 2010 5:39am Apr 8, 2010 5:39am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
H&S any body say other wise look at the middle answer to it 20 m to BoE
- #214,420
- Apr 8, 2010 5:41am Apr 8, 2010 5:41am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
you wanna be out 5 minutes before the announcement tbh, unless you have an ultra wide stop placed ... justa thought
Thank You