I just got in, jet lagged - hope everyone's trading is okay.
Traders if you are going to comment on my posts please read them carefully first.
Please read previous post dated, Thursday, August 14, 2014 at 10:27pm
http://www.forexfactory.com/showthre...15#post7676215
Here is part of the post: - please note SECOND excellent buy entry 1.6560 in the post.
1.6860 - First Big Hurdle To Overcome If We Get There
1.6793 - resistance
1.6757 - resistance
1.6740 - pay out US$364 million
1.6700 - Newly added Option Expiry
1.6720 - HDA's first scale in long entry
1.6700 Mega Bids have been filled
1.6667 - Support Tested
1.6560 - Excellent Buy Entry If We Get There
CURRENTLY today (Tuesday, August 26, 2014)
Trading plan as explained before is going according to plan. It has been executed perfectly, second scaling in entry limit order at 1.6560 has been filled.
I remain LONG - GBP/USD and LONG - GBP/CAD
1.7300 - Second Take Profit Target
1.7100 - First Take Profit Target
1.6860 - First Big Hurdle To Overcome If We Get There
1.6793 - resistance
1.6757 - resistance
1.6720 - HDA's first scale in long entry
1.6600 - resistance
1.6560 - HDA's second scale in long entry filled
Please see AGAIN, previous post, dated THREE AND A HALF WEEKS AGO - Friday August 1, 2014 at 12:48pm
http://www.forexfactory.com/showthre...33#post7646533 - GBP/USD Position Trading Plan
Here is part of the post:
Just like I scaled in for the retrace going minus 145pips in the red before seeing green - so I will scaling into this GBP/USD long between the range of 1.6730 and 1.6500 - So again - I may be in the red, before seeing green again
Please see trading plan previously posted,
http://www.forexfactory.com/showthre...50#post7675550 - I STAND BEHIND MY TRADING PLAN.
Please also see warning to all traders to trade their own plan.
http://www.forexfactory.com/showthre...53#post7644653
I am currently as planned, now earning positive swaps as I wait for target number #1 and target #2 - GBP/USD while off-setting my GBP/CAD swap.
Gone to BED - just getting back.
This is a clear example of SET IT and FORGET IT Trading.
LET'S SEE WHAT HAPPENS
You have not lost on a trade until it closes.
Please remember I just made 715 pips shorting GBP/USD after being 145pips in the red.
Please remember I made over 3000 pips GBP/USD long, when my trade closed at 1.7000
Please note I have made over $57,000 in positive GBP/USD swaps from last year until now.
Please note I have not lost on any trade, since the year started -
I had day traded with THE COMMENTATOR aka elbert3 and gained 60pips and lost the 60pips the following day, so I broke even.
So with all this profit, if I am 145 pips in the red - while holding and earning positive GBP/USD swaps -
IT'S MY TRADE,
IT'S MY ACCOUNT,
IT'S MY TRADING PLAN,
IT'S MY PROFIT,
IT'S MY REDUCTION IN PROFIT (not a loss, just a reduction in profit should the trade not work out)
I can take a reduction in my profits - CAN YOU?
Create Your Own Plan -
Trade Your Own Plan.
I am doing just that.
DO NOT BLINDLY FOLLOW ME
HDA - what's your stop loss? My answer - Trade Your Own Plan.
HAPPY TRADING
HDA OUT