Disliked{quote} Baggi You must make a decision bias if you will and stick to it. I decided long ego that I am bearish on Cable. This means my only decisions are on short side no matter what market does. Even when I am in Red I can trade around my positions on Every drop and bounce re-enter . Even when I have red orders I am still making money while waiting to close the remaining red trades. This is a technique not suitable for newbies.You must know what you are doing.Ignored
Cable Update (GBPUSD)
- #352,942
- Nov 13, 2013 1:33am Nov 13, 2013 1:33am
- | Membership Revoked | Joined May 2013 | 7,946 Posts
{quote} Baggi You must make a decision bias if you will and stick to it. I decided long ego that I am bearish on Cable. This means my only decisions are on short side no matter what market does. Even when I am in Red I can trade around my positions on Every drop and bounce re-enter . Even when I have red orders I am still making money while waiting to close the remaining red trades. This is a technique not suitable for newbies.You must know what you are doing.
stick to one direction, do not flip very often. the market will chop one to death if one flips frequently. Close part of position when market goes your way, reload back later when market goes against you (I call it scale in and scale out).
ignore wackos and psychos, including myself. But I can't add myself to iggy
- #352,943
- Nov 13, 2013 1:39am Nov 13, 2013 1:39am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote}
To elaborate how to make decision bias is to look at channel.80% forex is not trending.Instead price is confined into a range.
Cable is at upper channel zone hence probability is on Bearish side or greater mileage is on Down side.
Lets take this fundamentally one step further.
GB greatest trading partner is Euro Zone which is not expected to grow much until 2017. GB can't "recover" on its own while Euro Zone is in stagnate levels.
Two economies are interlocked on multiple levels.This is why I don't buy Carney's BS speeches.
In trading, you have to be defensive and aggressive at the same time
- #352,944
- Nov 13, 2013 1:40am Nov 13, 2013 1:40am
- Joined Jun 2013 | Status: Trader | 3,071 Posts
{quote} Jimmy I anticipate sharp Up move then full force drop.I am positioning my limits for triggering
- #352,945
- Nov 13, 2013 1:52am Nov 13, 2013 1:52am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #352,946
- Nov 13, 2013 1:52am Nov 13, 2013 1:52am
- | Membership Revoked | Joined May 2013 | 7,946 Posts
{quote} Jimmy I anticipate sharp Up move then full force drop.I am positioning my limits for triggering
ignore wackos and psychos, including myself. But I can't add myself to iggy
- #352,948
- Nov 13, 2013 2:23am Nov 13, 2013 2:23am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #352,949
- Nov 13, 2013 2:33am Nov 13, 2013 2:33am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #352,950
- Nov 13, 2013 2:34am Nov 13, 2013 2:34am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
what's that the wombat pattern
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #352,951
- Nov 13, 2013 2:37am Nov 13, 2013 2:37am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
cable long target 6033. geppy long 159.93x
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #352,952
- Nov 13, 2013 2:38am Nov 13, 2013 2:38am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
what's that the wombat pattern
not euphoria follower
- #352,953
- Nov 13, 2013 2:39am Nov 13, 2013 2:39am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
lol good luck I ,im in other camp
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #352,956
- Nov 13, 2013 3:08am Nov 13, 2013 3:08am
{quote} If its not clear then you must NOT be in the Market.Not trading is strategy as well.Timing is everything. I am an Ex Sports Gambler and one thing I learned in sports gambling is not all games were worth betting. Principle is same in trading.
spot on.
- #352,957
- Nov 13, 2013 3:08am Nov 13, 2013 3:08am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
good luck for you too mate..
bull and bear : friend .................
lol good luck I ,im in other camp
not euphoria follower
