no one ever loses at fx ... did you not know ?
Thank you Lux!
Cable Update (GBPUSD)
- #228,484
- May 26, 2010 2:33am May 26, 2010 2:33am
- | Joined Aug 2009 | Status: Save our Children's Save our Future | 1,124 Posts
go long with 50 pip tp no stop and pray
go short 50 pip tp no stop pray
this insane market is very easy to trade ...lol ... NOT
everyone have their own style, if we could manage 50 pips everyday, why not? btw mal (or for others) i need some input from you all,
please look at my picture, i have a case, what will you do if you are now in B, you profit 100 pips, but you know that market need retracement (to C, that you don't know where, but you 'believe' will not break your entry) before goes again 300 pips to D.
so at B before market down, will you close that trade with 100 pips profit ?
or you will let your pisition open SL at Entry (with risk you will get nothing if you are false)
or maybe you have other solution for that? i think i have problem with TP, cos mostly before my TP i already close in the retracement. for me to lose hundred pips profit is more heart than lose SL ..
any sugestion?
I will be the number one Manager.
- #228,486
- May 26, 2010 2:37am May 26, 2010 2:37am
- | Joined Apr 2010 | Status: There's pips around the corner! | 116 Posts
Besides, from A-B are profits you kept, so really you made profits without the retrace.
Re-entry from C-D is still possible, except you have 100 pips in your pocket, (not left in the market). And you make the profit from your retrace back up...If you are correct with your analysis. So really you did make money from B-D or C-D anyway, but you took some out and put it in your account instead of letting it linger.
Here is the opposite scenario:
You don't take your profit, and you don't get your point D. You have to exit with 50-20 pips profit instead of 100. Or, maybe less.
If you are seriously position trading however, who knows, your drawdown alone might be 100 pips, so you're ok with it. My opinion isn't one of a big time position trader.
Thank you Lux!
- #228,487
- May 26, 2010 2:52am May 26, 2010 2:52am
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
up down up down...
where are u really wanna go
where are u really wanna go
Verily, in every difficulties there is relief
- #228,488
- May 26, 2010 3:01am May 26, 2010 3:01am
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
upside or downside?? 
Verily, in every difficulties there is relief
- #228,492
- May 26, 2010 3:27am May 26, 2010 3:27am
- | Additional Username | Joined Sep 2009 | 8,623 Posts
I am the only one in here longing this guy...hhhhmmmmm ....... Home alone...... Gat a long with s.l and t.p for r1. Hope i gat this one right...
they are with you
http://img697.imageshack.us/img697/8...icladwomen.jpg
- #228,493
- May 26, 2010 3:27am May 26, 2010 3:27am
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
I am the only one in here longing this guy...hhhhmmmmm ....... Home alone...... Gat a long with s.l and t.p for r1. Hope i gat this one right...
Verily, in every difficulties there is relief
- #228,494
- May 26, 2010 3:33am May 26, 2010 3:33am
I am the only one in here longing this guy...hhhhmmmmm ....... Home alone...... Gat a long with s.l and t.p for r1. Hope i gat this one right...
- #228,495
- May 26, 2010 3:35am May 26, 2010 3:35am
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- #228,497
- May 26, 2010 3:45am May 26, 2010 3:45am
How long have u been sleeping, this is a new day, that was yesterday post and it wasnt 1.4350, the arguement was 1.4450, the fellow said it was his entry.......... refer back........
didnt u said there's no such 1.4350 exist today??
- #228,498
- May 26, 2010 3:47am May 26, 2010 3:47am
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
How long have u been sleeping, this is a new day, that was yesterday post and it wasnt 1.4350, the arguement was 1.4450, the fellow said it was his entry.......... refer back........
Originally Posted by USD-Bear
Almost there.....
Long entry @ 1.424
SL @ 1.420
Target @ 1.445 (not very fixed)
iTS NOT POSSIBLE TO REACH THERE. NOT NOW NOT LATER NOT TOMORROW..........hahahaaaaaaaaaaaaaa
Verily, in every difficulties there is relief
- #228,499
- May 26, 2010 3:48am May 26, 2010 3:48am
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
How long have u been sleeping, this is a new day, that was yesterday post and it wasnt 1.4350, the arguement was 1.4450, the fellow said it was his entry.......... refer back........
Don't be a hero. Don't have an ego. Always question yourself
- #228,500
- May 26, 2010 3:50am May 26, 2010 3:50am
yeah cool, i would loneling them to u soon when the heat from ur reds knock u out, you would get them from where u got them 4 ur self.....
I am sure thats u in the middle, u want to hear comments if u look good, kiss my as****sss
I am sure thats u in the middle, u want to hear comments if u look good, kiss my as****sss