I'm afraid that if we go below 1.5864 to be precise we go to 1.5650 as first stop and later 1.5446-5444
Cable Update (GBPUSD)
- #324,621
- Sep 20, 2012 3:48am Sep 20, 2012 3:48am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #324,623
- Sep 20, 2012 4:00am Sep 20, 2012 4:00am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
im out..not liking this 4hr pin
just remebered im scalping
just remebered im scalping
- #324,624
- Sep 20, 2012 4:10am Sep 20, 2012 4:10am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
im out..not liking this 4hr pin
just remebered im scalping
... 
Ghost Rider - WWTBMD?
- #324,625
- Sep 20, 2012 4:15am Sep 20, 2012 4:15am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
if i hold it im doing what i did b4..scalping is rubbish
not for me..i have to say
its all good thou
- #324,626
- Sep 20, 2012 4:17am Sep 20, 2012 4:17am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
http://pakdeazemi.files.wordpress.co...02/cilukba.jpg
im out..not liking this 4hr pin
just remebered im scalping
not euphoria follower
- #324,627
- Sep 20, 2012 4:17am Sep 20, 2012 4:17am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
i been long gbp/nzd at 1.9563, looking for 500 pips profit, also this mean gbp/usd is going down,
- #324,628
- Sep 20, 2012 4:20am Sep 20, 2012 4:20am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #324,629
- Sep 20, 2012 4:22am Sep 20, 2012 4:22am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
u know what did it..bloody stoch indicator and underbought condition..im taking the bloody thing of meh chart..lol
not euphoria follower
- #324,630
- Sep 20, 2012 4:24am Sep 20, 2012 4:24am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #324,631
- Sep 20, 2012 4:25am Sep 20, 2012 4:25am
im out..not liking this 4hr pin
just remebered im scalping
Happens to me every bloody time
Show Me Your Pips!!! 
- #324,632
- Sep 20, 2012 4:27am Sep 20, 2012 4:27am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
scalping is rubbish
its all good thou
After a year or better looking at quaterly and monthly? Yep I'd say looking to scalp would be a huge leap! Probably FRY my brain!
I've found my problem is not holding long enough. I'm flat GU now cause I closed one yesterday for a mear 20 pips. I do have a nice short on EU though. Almost had one on EJ but my pending was missed by about 8 pips.
Ghost Rider - WWTBMD?
- #324,633
- Sep 20, 2012 4:30am Sep 20, 2012 4:30am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #324,634
- Sep 20, 2012 4:31am Sep 20, 2012 4:31am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
EU now,I've been talking about 1.28 target (1.2805) to be precise and from that point we either bounce or head 1.2607
that one will be the line in the sand....as if that fails we go straight to 1.2326 first and later.....it's gonna be messy I'm tellin' you,are you sure you want to know the answer ? 2050
that one will be the line in the sand....as if that fails we go straight to 1.2326 first and later.....it's gonna be messy I'm tellin' you,are you sure you want to know the answer ? 2050
- #324,635
- Sep 20, 2012 4:32am Sep 20, 2012 4:32am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Murphy's Law says it will start moving in your direction as soon as you exit the trade
Happens to me every bloody time
problem is i have work in the afternoon..cant monitor trade..and because i see a bullish sign and the obvious trend..i dont like it...
like i said for me this was an aggressive trade..for a first trade..i have to be happy
i think 1.61 is on..perhaps i just have just placed on BE..but i want to day trade..so still happy
- #324,636
- Edited 4:52am Sep 20, 2012 4:39am | Edited 4:52am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Only this time in right direction bro...
After a year or better looking at quaterly and monthly? Yep I'd say looking to scalp would be a huge leap! Probably FRY my brain!
I've found my problem is not holding long enough. I'm flat GU now cause I closed one yesterday for a mear 20 pips. I do have a nice short on EU though. Almost had one on EJ but my pending was missed by about 8 pips.
i know what u mean ..but if u trade on day dailly generally u place stop below the low right..well on a 16 month chart i place the stop below the low of the candle..i caught the wrong side of a range..but we were always in that range..
im just glad i got the hell out otherwise id be down again..lol
edit:- look at this chart ..how bearish is it to u?
the reaction is completely expected because of the huge bear candle on the left..but u cant dismiss a follow through..
- #324,639
- Sep 20, 2012 5:38am Sep 20, 2012 5:38am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
My daily Pip target is 50 pips on a smaller lot size with 100 pip S/L, and 20 pips on a bigger lot size with 20 pip S/L.
I often leave the smaller pip trades to run while opening a few more legs when trending.
Been running this for about a year now and works for me.
I'm curious to find out what strategies you guys are using?
I personally look at a bowl of cereals and figures in mashed potatoes for my TP and SL....but sometimes I look at the moon...or no...at the moon I only look when I hawooolllll
just kidding.
I preffer to trail all profitable trades.there's no sense on setting a TP and closing there even if I know there will be a retrace.I simply close partially the trade and trail it as you never know what then market brings you
if it turns against you you already have profit + the locked by trail
if it continues sweet joy ...at least this is what I do.
my only concern about your trades is that on the big lots ones you have a RR 1-1 so if you lose 2 in a row you lose in long term
and on the small lots you have 2 risk to 1 so if you lose only one trade then you lose as for 2 ....it should be on the opposite
as for 50 pips as target for one day I belive it is too much.just take 20 pips and you will be rich in one year
don't push it over the night as you won't make it far 
- #324,640
- Sep 20, 2012 5:40am Sep 20, 2012 5:40am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
1.6212 first stop and 1.6225 next one ?
somebody shoot me dead
somebody shoot me dead