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  • #714,041
  • Nov 5, 2012 1:54am Nov 5, 2012 1:54am
Quoting ian52
long @2820
Bad luck mate, hopefully good news will swing you in favour.

Don't pray to the forex gods because they aren't there. Believe me.

Have an exit strategy that works. (Tested in Demos)
I traded demos for 2 years..
Even the worst trade can close with profit. Just give it time.
  • #714,042
  • Nov 5, 2012 1:54am Nov 5, 2012 1:54am
hmm... maybe a frankie fakeout....
  • #714,043
  • Nov 5, 2012 1:54am Nov 5, 2012 1:54am
My long position was activated , SL at +1 BE

I don't really think it will go that far , but a little risk as i think the price is too damn low for London to continue shorting it
"It's the Margin, Stupid."
  • #714,044
  • Nov 5, 2012 1:55am Nov 5, 2012 1:55am
easily spotted bid and offer levels where we just broke out from...
Biggest joker
  • #714,045
  • Nov 5, 2012 1:55am Nov 5, 2012 1:55am
Quoting MaxDoom
morning,


short from 2834 looking for 1.27
Hello MaxDoom nice to see you here again, with your graverobbing short positions like last Friday.
Even the worst trade can close with profit. Just give it time.
  • #714,046
  • Nov 5, 2012 1:56am Nov 5, 2012 1:56am
Quoting Vachus
My long position was activated , SL at +1 BE

I don't really think it will go that far , but a little risk as i think the price is too damn low for London to continue shorting it
I always value your opinion Vachus, always.

But I believe a break below 1.2800 will not be overlooked by the market.
Even the worst trade can close with profit. Just give it time.
  • #714,047
  • Nov 5, 2012 1:57am Nov 5, 2012 1:57am
Quoting Vachus
My long position was activated , SL at +1 BE

I don't really think it will go that far , but a little risk as i think the price is too damn low for London to continue shorting it
Damn it
"It's the Margin, Stupid."
  • #714,048
  • Nov 5, 2012 1:57am Nov 5, 2012 1:57am
meanwhile took +10 on eurusd
a lot of noise for this 1,2800 for a major resistance. sometimes they eat it like an afternoon sandwich, yoou just want mooo
  • #714,049
  • Nov 5, 2012 1:57am Nov 5, 2012 1:57am
bye bye range
hello trend.
next major stop 1.17 for position traders
TRADE FOR SWAP
  • #714,050
  • Nov 5, 2012 1:58am Nov 5, 2012 1:58am
Quoting John Gray
Bad luck mate, hopefully good news will swing you in favour.

Don't pray to the forex gods because they aren't there. Believe me.

Have an exit strategy that works. (Tested in Demos)
I traded demos for 2 years..
Very good advise, that was a very expensive lesson I learned as well..
  • #714,051
  • Nov 5, 2012 1:58am Nov 5, 2012 1:58am
I believe market pricing in bad news.
Even the worst trade can close with profit. Just give it time.
  • #714,052
  • Nov 5, 2012 1:58am Nov 5, 2012 1:58am
Quoting cgldsmth
bye bye range
hello trend.
next major stop 1.17 for position traders
Preacher...
Even the worst trade can close with profit. Just give it time.
  • #714,053
  • Nov 5, 2012 2:00am Nov 5, 2012 2:00am
Quoting John Gray
Hello MaxDoom nice to see you here again, with your graverobbing short positions like last Friday.
one tries, but I am no robber the other side give me their money voluntarily
  • #714,054
  • Nov 5, 2012 2:00am Nov 5, 2012 2:00am
Weeeeeeeee
  • #714,055
  • Nov 5, 2012 2:01am Nov 5, 2012 2:01am
Quoting MaxDoom
one tries, but I am no robber the other side give me their money voluntarily
How unusual, you shorted, now there is bad Euro news
Even the worst trade can close with profit. Just give it time.
  • #714,056
  • Nov 5, 2012 2:01am Nov 5, 2012 2:01am
Quoting 21vs7
meanwhile took +10 on eurusd
a lot of noise for this 1,2800 for a major resistance. sometimes they eat it like an afternoon sandwich, yoou just want mooo

if they capped 1,28 then it is gonna hurt.
  • #714,057
  • Nov 5, 2012 2:01am Nov 5, 2012 2:01am
Time a for a bull move now... lol...
  • #714,058
  • Nov 5, 2012 2:02am Nov 5, 2012 2:02am
aweful spanish data. Contagion risk higher now.
TRADE FOR SWAP
  • #714,059
  • Nov 5, 2012 2:03am Nov 5, 2012 2:03am
Quoting cdndollar
IMHO weak shorts had capitulated & some may had flipped to long up @the 1.3's & underwater..
Friday's impulsive break looks more like a long squeeze.. over the short term, we may witness a series of "rinse & flush" PA as weak longs bail on blips & others buy on dips for 1.35 to average their underwater positions as the market slides towards 1.27~1.25..

here's my take for Cable..
Attachment
Frankie "rinse & flush".. London taking over..

Attached Image
  • #714,060
  • Nov 5, 2012 2:03am Nov 5, 2012 2:03am
Quoting fighterdude
Time a for a bull move now... lol...
market definately priced in bad news
Even the worst trade can close with profit. Just give it time.
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