1.6070 might be in play now if we drop to 1.6105-10 in the next 15-20 min
Cable Update (GBPUSD)
- #324,122
- Sep 12, 2012 3:51am Sep 12, 2012 3:51am
- | Membership Revoked | Joined Jul 2011 | 3,291 Posts
- #324,123
- Sep 12, 2012 3:53am Sep 12, 2012 3:53am
- | Membership Revoked | Joined Jul 2011 | 3,291 Posts
- #324,124
- Sep 12, 2012 3:55am Sep 12, 2012 3:55am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
damm got trapped in shorts today. have reloaded some at higher levels. looks overstretched to me.
its at this point where..im starting to say should i take a hit and start day trading
however might try a hedge incase red is right..but not really seeing a reason to short thats the problem
- #324,125
- Sep 12, 2012 4:03am Sep 12, 2012 4:03am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
its at this point where..im starting to say should i take a hit and start day trading
however might try a hedge incase red is right..but not really seeing a reason to short thats the problem
life is short mate,don't mess it with statistics
from 1.6130 to my ''15-20 min '' 1.6110 20 pips have passed.
we might see more on the way down or we might bounce back up now ..but if we go below 1.6100-6102 we go to that 1.6070-75 area.
I don't want to give you any advice on your trades as I do not want to influence you.
anyway we might see as well a monster 100 pips drop on EU to 1.2770-90 area but we need to go below 2860 area
- #324,126
- Sep 12, 2012 4:09am Sep 12, 2012 4:09am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
red is 99.99% right why doubt it for 0.01% ?
life is short mate,don't mess it with statistics
from 1.6130 to my ''15-20 min '' 1.6110 20 pips have passed.
we might see more on the way down or we might bounce back up now ..but if we go below 1.6100-6102 we go to that 1.6070-75 area.
I don't want to give you any advice on your trades as I do not want to influence you.
anyway we might see as well a monster 100 pips drop on EU to 1.2770-90 area but we need to go below 2860 area
- #324,127
- Sep 12, 2012 4:10am Sep 12, 2012 4:10am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
aa...nav,why are we alone ?
there are 120 readers but only 2-3 posters ?
if the end of the world got them already...then who is reading now ?
''the return of the living dead''
leave me alone,go away you you spirits you
I don't want to die
I don't want you to eat my brains
there are 120 readers but only 2-3 posters ?
if the end of the world got them already...then who is reading now ?
''the return of the living dead''
leave me alone,go away you you spirits you
I don't want to die
I don't want you to eat my brains
- #324,128
- Sep 12, 2012 4:12am Sep 12, 2012 4:12am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
its at this point where..im starting to say should i take a hit and start day trading
however might try a hedge incase red is right..but not really seeing a reason to short thats the problem
If we break north though, that monthly 55ema at 63 area double top would be a hurdle, lead to a retest of the broken TL, then....?
Off to work, good luck all...
Come with me if you want to live....
- #324,129
- Sep 12, 2012 4:23am Sep 12, 2012 4:23am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
see this is the problem with work ..i have to go in around 2 hrs time..and impossible to manage..i reckon tomorrow will be telling..im still in..
tough choice.smoke signals,this is it.I have a great business idea.
I'll start a signal service and send smoke signals.this will be energy free and no radiation no nothing
- #324,130
- Sep 12, 2012 4:38am Sep 12, 2012 4:38am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
its at this point where..im starting to say should i take a hit and start day trading
however might try a hedge incase red is right..but not really seeing a reason to short thats the problem
Ghost Rider - WWTBMD?
- #324,132
- Sep 12, 2012 4:41am Sep 12, 2012 4:41am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
buy an Iphone 5 today and manage your acc from your office ....but remember that if you buy one you will raise the USA GDP to 4% this year and your trades will go back in red
tough choice.smoke signals,this is it.I have a great business idea.
I'll start a signal service and send smoke signals.this will be energy free and no radiation no nothing
LOL... nothing is energy free. You'll still need to gather the wood. And in this case, the straw as well. This means you (or someone) will HAVE to expend energy....
Ghost Rider - WWTBMD?
- #324,133
- Sep 12, 2012 4:46am Sep 12, 2012 4:46am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Never add to a loosing position
Always use stop loss
Read every news associated to a currency before you trade it
When your stop loss gets hit, step aside. go take a shower or do something nice for yourself to get your mind of the loss.
But if I may modify the last one "just" a bit to.....
When your stop loss gets hit, accept it as simply a "pre-planned" part of this business and move on.
Stepping away isn't a bad thing, but you "may" miss the oppertunity to get it back.
Ghost Rider - WWTBMD?
- #324,134
- Sep 12, 2012 4:48am Sep 12, 2012 4:48am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #324,135
- Sep 12, 2012 5:01am Sep 12, 2012 5:01am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
u focus on the drawdown..the trade i have is the same trade u would place of a smaller time frame..i will pull the plug without hesitation when the market shows me..im wrong
i played the trade with mm in mind..even at its worse my account still had 90% equity
ok maybe 80%..lol
Don't make it sound like I "implied" you had done anything wrong. Not the case.
Ghost Rider - WWTBMD?
- #324,137
- Sep 12, 2012 5:03am Sep 12, 2012 5:03am
my EU SL was hit
50 pips profit only due to the drop
oh well,we're not yet in purgatory.
oh boy oh boy I can't wait to see the looks of the new Iphone
anybody ever heard rule do not left order without TP if you go away from PC?
- #324,138
- Sep 12, 2012 5:07am Sep 12, 2012 5:07am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I wasn't "focused" on anything bro. Simply asking a question.
Don't make it sound like I "implied" you had done anything wrong. Not the case.
that is the difference i knew it was going to bounce because the 16 month chart indicated it may
one can never be sure but i used mm completely so i wasnt a nervous wreck
- #324,139
- Sep 12, 2012 5:07am Sep 12, 2012 5:07am
Good lessons
But if I may modify the last one "just" a bit to.....
When your stop loss gets hit, accept it as simply a "pre-planned" part of this business and move on.
Stepping away isn't a bad thing, but you "may" miss the oppertunity to get it back.
