{quote} . Anyways for sure this is a trade i need to reflect on if lucky enough to survive{image}
Don't be smart. Be rich.
Cable Update (GBPUSD)
- #373,141
- Apr 24, 2014 4:41am Apr 24, 2014 4:41am
- | Joined May 2010 | Status: Non Member | 2,751 Posts
- #373,144
- Apr 24, 2014 4:45am Apr 24, 2014 4:45am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} You'll survive. Don't have any doubt about it.
surely this is a good place for it to react
- #373,146
- Apr 24, 2014 4:51am Apr 24, 2014 4:51am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
Inserted Video
{quote} around 1.58.. what keeps me in trade is just stats, we are below the 50% and i think this is pretty much the top of the range statistically a retrace is on but the market seems to respect news much more, i used to ignore it and found it was priced in the charts but these days chart is completely reacting to news maybe all in my head and simply this is a uptrend and news favors the trend. Anyways for sure this is a trade i need to reflect on if lucky enough to survive
not euphoria follower
- #373,147
- Apr 24, 2014 4:52am Apr 24, 2014 4:52am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
thank you . most honest reply and assessment...that 50% you refer would be the 50% 2.1162-1.3505 @ 7321 no ? I am best guessing at. Hope this top of range turns price down for you. best wishes.
thank u
i see some confluence at this level not sure if its support or resistance 1.68 needs for me to hold as resistance for to make any chance otherwise i will be very concerned
- #373,148
- Apr 24, 2014 4:52am Apr 24, 2014 4:52am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} for sure i will but the account may take a heavy blow surely this is a good place for it to react
Keep the faith my friend, it can't stay anywhere forever. In time I can easily see this getting back to at least the BE you mentioned. Probably lower.
Ghost Rider - WWTBMD?
- #373,150
- Apr 24, 2014 4:59am Apr 24, 2014 4:59am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} Just curious bro, what are the swaps looking like on your positions? You don't have to answer if that's too personal buddy. I've just always wondered how much they effect the account if holding DD for a long time. Keep the faith my friend, it can't stay anywhere forever. In time I can easily see this getting back to at least the BE you mentioned. Probably lower.
im down 4.5k swaps is around £160 so far..
- #373,151
- Apr 24, 2014 4:59am Apr 24, 2014 4:59am
- | Joined May 2010 | Status: Non Member | 2,751 Posts
{quote} for sure i will but the account may take a heavy blow surely this is a good place for it to react
The best part of your trade is coming…Sure there is something to meditate when you exit your trade.
All the best.
Don't be smart. Be rich.
- #373,152
- Apr 24, 2014 5:01am Apr 24, 2014 5:01am
- Joined May 2009 | Status: Trader | 4,895 Posts
seems like my entry price for today now has become the support... 
- #373,153
- Apr 24, 2014 5:03am Apr 24, 2014 5:03am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} You had the faith for keeping your position and accepted 1000 pips drawdown, the most difficult part of this trade is behind you. Honestly, I expect this to spike at 6878 (like a spike in euro to 3976) and then a big leg down to 6450 and 6250. The best part of your trade is coming…Sure there is something to meditate when you exit your trade. All the best.
{quote} You had the faith for keeping your position and accepted 1000 pips drawdown, the most difficult part of this trade is behind you. Honestly, I expect this to spike at 6878 (like a spike in euro to 3976) and then a big leg down to 6450 and 6250. The best part of your trade is coming…Sure there is something to meditate when you exit your trade. All the best.
- #373,156
- Apr 24, 2014 5:07am Apr 24, 2014 5:07am
- | Joined May 2010 | Status: Non Member | 2,751 Posts
{quote}
Inserted Video
Don't be smart. Be rich.
- #373,157
- Apr 24, 2014 5:08am Apr 24, 2014 5:08am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} wow nav... i wish you the very best bro.. sorry to hear that.. hope everything will come back to normal in few weeks time. all the best & god speed you bro..
it will take a lot longer than a week..infact i have already come to terms that..i might be in this for another year
ie we this mofo falls to 1.58 be end of year im holding for 1.5280 if that goes then lower
i have a lot of time 2 weeks aint going to do nothing
- #373,158
- Apr 24, 2014 5:09am Apr 24, 2014 5:09am
yes really anywhere from that recent 6830-40 top to 7210 has acted as both resistance, support then resistance in the past going as far back as 19 years on monthly chart...any break above that and that 50% fib 2.1162-1.3505 @ 7321 comes nearer so more likely to be tested by price no ?
best wishes.
best wishes.
{quote} yes thank u
it's all gone a bit........
- #373,159
- Apr 24, 2014 5:09am Apr 24, 2014 5:09am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} For you and Derek…this is the best for meditation…Enjoy http://www.youtube.com/watch?v=oJU-fHqMZhM
- #373,160
- Apr 24, 2014 5:09am Apr 24, 2014 5:09am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
seems like my entry price for today now has become the support...