Another one in the net: USDCHF, H1, long, 37 pips.
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- #64,342
- Jan 5, 2016 5:24am Jan 5, 2016 5:24am
- Joined Jul 2013 | Status: Trader | 1,045 Posts
{quote} Good Exit, I'm still in
{quote} How did it turn out? Are you still in?
I don't think I'll do any more shorts on GBPUSD for a while, it's long term lows.
As a matter of interest to see if my theory works which is, if it's in the main News on TV that the GBP is very low and they make a big thing of it, I reckon that's trying to draw traders in to shorting through panic selling, if there's barely a mention of it, it will find lower lows, of course it will be on Bloomberg and stuff that's their business but keep an eye on the mainstream news. Not much help for actual trading really, but interesting nonetheless.
- #64,346
- Jan 5, 2016 6:29am Jan 5, 2016 6:29am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits
- #64,347
- Jan 5, 2016 7:02am Jan 5, 2016 7:02am
- Joined Jul 2013 | Status: Trader | 1,045 Posts
And I am closing the day, as I do not have any more time to trade today. These trades were closed manually.
UC, H1, long, 10 pips.
AJ, H1, short, 38 pips.
UJ, H1, short, 21 pips.
Have a good day, guys, and many green pips!
UC, H1, long, 10 pips.
AJ, H1, short, 38 pips.
UJ, H1, short, 21 pips.
Have a good day, guys, and many green pips!
- #64,349
- Jan 5, 2016 7:10am Jan 5, 2016 7:10am
- Joined Jul 2013 | Status: Trader | 1,045 Posts
{quote} Nice trading as always CatalinI'm in the EUR/GBP at the monment
I hope you'll get many pips off of EG, but look left.
Watch out for reversal signs, cause it is sitting at support. If it breaks it, you'll make nice pips. Assuming you are short, of course.Take care and have a good trading day!
- #64,350
- Jan 5, 2016 7:12am Jan 5, 2016 7:12am
- Joined Jul 2013 | Status: Trader | 1,045 Posts
GJ trade at LO for regular 50 pips, I missed calculate the whole TP and took only what was in the plan based on the structure support {image}
GJ trade at LO for regular 50 pips, I missed calculate the whole TP and took only what was in the plan based on the structure support {image}
I thought it would have stopped where your TP was. EJ did the same. I think it must have been the Chinese effect
Never argue with a fool; onlookers may not be able to tell the difference.
{quote} So only from TMS I gained 129 pips, 6 losers, 6 winners, and a BE.
R:R per trade is important but one of the big money management things that most people forget is how much of their capital is at risk at any one time. Assuming say 6 of your trades were running at the same time and you risked 2% on each trade you have 12% of your capital at risk
Far better to pick 2 or 3 good quality trades and earn 120 pips with far less capital risk.
Oh and by the way, get shot of the guppies as they're only working half the time
Never argue with a fool; onlookers may not be able to tell the difference.
- #64,358
- Jan 5, 2016 9:51am Jan 5, 2016 9:51am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
{quote} Nicely done, Scorps!
{quote} Nice trade TSS
I Have Learned to Take Some Losses to Make Profits
- #64,359
- Jan 5, 2016 9:52am Jan 5, 2016 9:52am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits
