Lets go grab some PIPS
Manually closed for 20.1 pips. There's a real good chance that I've left 30 or 40 pips on the table but my stop was just under 9300 and I can't help but thinking it will go back there before or instead of getting through all those barriers up to 9350.
Solid week. Closed 2 trades for 65.5 pips on a counter trend. Would love to be able to do nett that every week
Solid week. Closed 2 trades for 65.5 pips on a counter trend. Would love to be able to do nett that every week
Manually closed for 20.1 pips. There's a real good chance that I've left 30 or 40 pips on the table but my stop was just under 9300 and I can't help but thinking it will go back there before or instead of getting through all those barriers up to 9350. Solid week. Closed 2 trades for 65.5 pips on a counter trend. Would love to be able to do nett that every week
"Holy Grail" exists - accepting where is the first step.
{quote} getting every single pip out every time is IMO impossible. Trade what you're confident in. Bank with confidence. Enter with confidence. Rinse and repeat.
Also... If price does go through to my original target (which it looks like it's trying to do now - grrrr) instead of going back where my stop was, then it looks like I might have a pretty neat setup to short from later. Thing is I'm at work atm, and I'll be out with the lady tonight so am probably done for the week.
Been a good week though.
- #83,885
- Aug 14, 2014 8:08pm Aug 14, 2014 8:08pm
- Joined Aug 2011 | Status: Trader | 4,956 Posts
{quote} Yup. Very good advice. You're never really wrong when you bank profit. Maybe not as right as you could be, but certainly not wrong
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As the lights go by so too do the shadows move
{quote} Yup. Very good advice. You're never really wrong when you bank profit. Maybe not as right as you could be, but certainly not wrong
good stuff and perfect cause to set alerts....have your phone go off when you hit a level you'd like to see and trade accordingly...
"Holy Grail" exists - accepting where is the first step.
{quote} Hi. Imo it depends on how much you want to Risk in gaining those pips. If you close 10 trades with 10 pips of profit but are will willing to risk 500 pips... you know the story. It sounds like your doing ok though but just thought I'd mention
{quote} good stuff and perfect cause to set alerts....have your phone go off when you hit a level you'd like to see and trade accordingly...
- #83,888
- Aug 14, 2014 8:42pm Aug 14, 2014 8:42pm
- Joined Dec 2011 | Status: StealingPips | 1,294 Posts
{quote} Noted
- #83,891
- Aug 14, 2014 10:00pm Aug 14, 2014 10:00pm
- Joined Aug 2011 | Status: Trader | 4,956 Posts
As the lights go by so too do the shadows move
- #83,892
- Aug 14, 2014 10:11pm Aug 14, 2014 10:11pm
{quote} No news releases within the Asian zone today.
There must be something sinister involved. "D
Like the Brits would normally trade tons of Aussie during the session but today its crickets. I am wondering if the UK data later may spark a rash counter-move in AUDUSD back to the downside. I imagine it will be a fairly short, sharp shock.
- #83,893
- Aug 14, 2014 10:17pm Aug 14, 2014 10:17pm
- Joined Aug 2011 | Status: Trader | 4,956 Posts
{quote} Well, that certainly doesn't explain anything about a guy in Perth and a guy in Sydney playing pong with the price and moving it because they can. There must be something sinister involved. "D Like the Brits would normally trade tons of Aussie during the session but today its crickets. I am wondering if the UK data later may spark a rash counter-move in AUDUSD back to the downside. I imagine it will be a fairly short, sharp shock.
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As the lights go by so too do the shadows move
- #83,894
- Aug 14, 2014 10:26pm Aug 14, 2014 10:26pm
{quote} Monday was the worst for this in a long time imo. There was no volume (on my broker) and the PA was crazy that made no sense. Gotta hate the guys wid all the money that can do this
It would be nice to get the memo, though. But there has to be tells in what they are doing and how they plan to move price...and, let's face it, the giant banks are moving the prices according to some plan they devised in Switzerland. I mean Carney making and waves, then to turn around and say it wasn't a matter of policy, it was just his personal opinion. How patently absurd is that?
That's why FXCM's profits were down a staggering 25% It had little to do with volume drying up per se but more to do with a dead, lackluster market that gets jolted when these banks decide to do what it is they do. It's certainly not right what they're doing...but it is the hand we are dealt.
- #83,896
- Aug 14, 2014 10:37pm Aug 14, 2014 10:37pm
- Joined Dec 2011 | Status: StealingPips | 1,294 Posts
- #83,897
- Aug 14, 2014 10:53pm Aug 14, 2014 10:53pm
- Joined Aug 2011 | Status: Trader | 4,956 Posts
{quote} You still long NZD USD? That pup moved quite the amount of pips from those lows other day….
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As the lights go by so too do the shadows move
- #83,898
- Aug 14, 2014 10:58pm Aug 14, 2014 10:58pm
- Joined Jan 2011 | Status: dump and pump | 4,055 Posts
{quote} Monday was the worst for this in a long time imo. There was no volume (on my broker) and the PA was crazy that made no sense. Gotta hate the guys wid all the money that can do this
All posts are my personal opinion
- #83,899
- Aug 14, 2014 10:59pm Aug 14, 2014 10:59pm
- Joined Dec 2011 | Status: StealingPips | 1,294 Posts
- #83,900
- Aug 14, 2014 11:04pm Aug 14, 2014 11:04pm
I wonder if the British aren't pulling one over on the low-volume melt-up. They front-run the Pound Sterling all the time.
I wonder what is up their sleeves in a couple of hours. Should be quite interesting.
I wonder what is up their sleeves in a couple of hours. Should be quite interesting.