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Cable Update (GBPUSD)
- #275,524
- Apr 6, 2011 1:25am Apr 6, 2011 1:25am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
Do you think it a good idea to take a position against the trend with unknown TP?
) but here he might be right with the pullback it's all about the news in 5 min now
Do you think it a good idea to take a position against the trend with unknown TP?
if it hits my SL , then the Bear will just be my illusion
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- #275,526
- Apr 6, 2011 1:32am Apr 6, 2011 1:32am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
i picked a small short in 6340
tgt 6220
it is a so small position that with profits i will go to mcdonald sometimes
90% of traders use TA, indicators and prediction
- #275,527
- Apr 6, 2011 1:34am Apr 6, 2011 1:34am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
16415
but it is all about the news today
I think we will have bad news and we will have a pullback to 1.63
told you not to touch the news
still have shorts on going and I am loading with each short closed a long position
- #275,528
- Apr 6, 2011 1:39am Apr 6, 2011 1:39am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
damn I think I am a shark
told you not to touch the news
still have shorts on going and I am loading with each short closed a long position
now bottom lies near 6230-6240
i think price will go sit there before up again
90% of traders use TA, indicators and prediction
- #275,531
- Apr 6, 2011 1:50am Apr 6, 2011 1:50am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
being 50 pips in profits on a position completely against the bull, and purely instinctive 0% technical based..... not my prefered trading way, but i really like this feel 
90% of traders use TA, indicators and prediction
- #275,532
- Apr 6, 2011 1:51am Apr 6, 2011 1:51am
- Joined Sep 2006 | Status: Oh yeahhh :) | 1,409 Posts
it's a bad idea to trade close to the news anyway
it's all about the news in 5 min now
- #275,534
- Apr 6, 2011 1:57am Apr 6, 2011 1:57am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
see my chart
long time to upload it.....
uff poor connection
below blu square will go straight to my target i think
then on the bottom will find h1 n h4 channel
h1 gold dotted line
h4 gold line
will check there if reaction of price to buy it again
long time to upload it.....
uff poor connection
below blu square will go straight to my target i think
then on the bottom will find h1 n h4 channel
h1 gold dotted line
h4 gold line
will check there if reaction of price to buy it again
90% of traders use TA, indicators and prediction
- #275,535
- Apr 6, 2011 2:02am Apr 6, 2011 2:02am
- Joined Sep 2006 | Status: Oh yeahhh :) | 1,409 Posts
being 50 pips in profits on a position completely against the bull, and purely instinctive 0% technical based..... not my prefered trading way, but i really like this feel
Already close my shot position with small profit.
- #275,539
- Apr 6, 2011 2:11am Apr 6, 2011 2:11am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Don't forget about TP and SL!
Already close my shot position with small profit.
tp 6225
will close manually if it reverse up
90% of traders use TA, indicators and prediction
- #275,540
- Apr 6, 2011 2:13am Apr 6, 2011 2:13am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
I'm riding the bear with estimated TP @16150 , who's with me ?
strong S level at 1.6165 that's why I said 1.617X as you will have the spread to be added to the short trade
mean you will already have some hundreds of pips by that time
move the SL to BE and always but always be happy if the trade ends with + for you