DislikedIf on the consolidation phase after the LO, news drives her in the same direction it will be too much to get filled in its entirety if the London closes on a high with no filling. So it is fair to say that if we have a unidirectional day of 150 pips or so, we are not likely going to see the LO again during the London session.
That's me for the day, am bored with this PA. Am going to have a teabreak. Pawpaw this would be a good scalp on your short fibre here at 2743, just be careful with the R1 right above it. Just give it a bit of time, don't jump...Ignored
Cable Update (GBPUSD)
- #252,343
- Sep 10, 2010 11:03am Sep 10, 2010 11:03am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
No problem, told her I'm too young for all this commitment and have too much I still want to do!
Darn, rugby player in france at the age of 23, NOT ALLOWED TO HAVE A GF!
anyways, wanna be a Rand Millionaire by 25 and Euro by 30... Gonna be hard work but got a plan in place and reckon it's possible
Hear the music before the song is over ...
- #252,344
- Sep 10, 2010 11:10am Sep 10, 2010 11:10am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #252,347
- Sep 10, 2010 11:15am Sep 10, 2010 11:15am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hear the music before the song is over ...
- #252,350
- Sep 10, 2010 11:21am Sep 10, 2010 11:21am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
but at what cost?
what if it goes the other way?
think of all the other opportunities lost...markets will always be there...
just my 2 c
Anyhow, what do you think I should do with my youth? get drunk and hunt women? I don't believe this life is all there is and I have alot I want to and need to do before my real life starts
Guess it's a world view...
@pawpaw1000 on Twitter
- #252,351
- Sep 10, 2010 11:22am Sep 10, 2010 11:22am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #252,352
- Sep 10, 2010 11:27am Sep 10, 2010 11:27am
Hi bbakker,
And yes thanks for the advice. On most occasions, I only trade a single lot as I am still trying to get a hold of concepts. For me, at this point in time, staying in the game is more important than making money. But hey that doesn't mean I don't like money
I have had a lot of trouble with holding onto winners. As of late, I have done particularly well with UJ (that is what I trade 70% of the times) but when I see profit, I want to pounce on it. And that is why I am considering taking two lots at a time from now on and then perhaps move onto three as I improve. When I take 2 lots, I usually take profit on the first one within 15 to 20 pips (given the limited movement on UJ) and set my SL on the other lot to the same amount (eg SL for second lot set to -15 if I TP on the first lot at +15). That way, even if my SL is hit, I don't make a loss.
But my mind tells me, if I have made a good call, why not take profit? What's the point of sitting in front of the monitor the whole day if I don't earn?
As far as my trade on GU is concerned, I don't think it will work out today. Will see on Monday.
Thanks
And yes thanks for the advice. On most occasions, I only trade a single lot as I am still trying to get a hold of concepts. For me, at this point in time, staying in the game is more important than making money. But hey that doesn't mean I don't like money
I have had a lot of trouble with holding onto winners. As of late, I have done particularly well with UJ (that is what I trade 70% of the times) but when I see profit, I want to pounce on it. And that is why I am considering taking two lots at a time from now on and then perhaps move onto three as I improve. When I take 2 lots, I usually take profit on the first one within 15 to 20 pips (given the limited movement on UJ) and set my SL on the other lot to the same amount (eg SL for second lot set to -15 if I TP on the first lot at +15). That way, even if my SL is hit, I don't make a loss.
But my mind tells me, if I have made a good call, why not take profit? What's the point of sitting in front of the monitor the whole day if I don't earn?
As far as my trade on GU is concerned, I don't think it will work out today. Will see on Monday.
Thanks
Nothing is ridiculous because anything can happen. I don't know where price will be going in the next 5 mins or the next 5 years. All we can do is base our trades on our own analysis and where we believe price has a good chance of going next using various TA components at our disposal.
From your post it seems that you have just one lot with two targets depending on whether it reaches the initial target first and then if it reaches it to hold on to it for the second target. Nothing wrong with that but if you have multiple lots open in the same...
- #252,353
- Sep 10, 2010 11:29am Sep 10, 2010 11:29am
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
All systems of divination, like music itself,work through patterns.
- #252,354
- Sep 10, 2010 11:31am Sep 10, 2010 11:31am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
If it goes other way i have finished my studies, have good capital base and I start working until I have enough to go it again. But it wont go against me because I know I can and will do this...
Anyhow, what do you think I should do with my youth? get drunk and hunt women? I don't believe this life is all there is and I have alot I want to and need to do before my real life starts
Guess it's a world view...
Good luck in your endeavor!
Hear the music before the song is over ...
- #252,355
- Sep 10, 2010 11:31am Sep 10, 2010 11:31am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
" Never let the past hold the future to ransom "
- #252,358
- Sep 10, 2010 11:38am Sep 10, 2010 11:38am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
Bly in Pretoria. Trade al vir nege jaar. Afgelope twee jaar eers suksesvol.
Ek trade kort termyn. In en uit heeldag. Meestal net tot 12h00 CAT tyd.
London oopmaak bly die beste. Trade op vyftien min kaart. Twintig pips maksimum per trade. Ja die tien pips per dag ding kan jou ryk maak.
Watter possisie speel jy rugby? Waar in SA kom jy vandaan?
Jol slot hier in Frankryk, baie lekker lewe en kort n passpoort voor ek weer terug keer na die wille suide
Trade jy professional en hoe lank trade jy per dag as jy se jy trade al nege jaar? dis lank! eks nog net 14 maande besig en het uiteindelik begin geld maak. drie weeke demo positive en nou 3 weke live positive... gaan einde van maand nog soo R5k in sit en dan na nog n maand positief soo 2k euro in sit en kyk hoe dit gaan. Het al amper een rekening geblaas toe ek eers begin het en dink dis beter om versigtig te wees as om geld weg te donner
lekker om suid afrikaner te sien op FF... Het 2 wat saamt my jol.
@pawpaw1000 on Twitter
- #252,359
- Sep 10, 2010 11:40am Sep 10, 2010 11:40am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
well...I guess you will have the answer by the time you're 30 at the latest...
Good luck in your endeavor!
I've found that life is a strange and difficult thing, even though I'm soo young! But with the right people around you and a will, anything is possible. Cloggs has been helping me alot!
I believe it's possible to become a professional trader with the right capital and right mindset...
Let's see.
@pawpaw1000 on Twitter