It may collapse. What to do?
I prefer to miss an opportunity rather than to suffer a loss. (A missed opportunity doesn’t show on my account)
It may collapse. What to do?
I prefer to miss an opportunity rather than to suffer a loss. (A missed opportunity doesn’t show on my account)
wackypete2
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Very sad for us here in the USA, but unfortunately, very true. Better luck to the Irish people!
Peter
wackypete2
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I agree, but looking at another side:
Missed opportunity = no loss. Good for the account.
Missed opportunity = no gain. Not good for those needing to put dinner on the table or pay the mortgage.
Peter
pocrel
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thanks for the support guys
Lord Flasheart
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nice one,
wackypete2
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audusd might be a better short. Today's range is not as large. Could have further to fall?
Peter
Peter
wackypete2
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sh audusd .9624 stop .9639
Pete,
Analysing my trades I realized some time ago it's good to have a balanced view and exercise patience. So far as the market moves somewhere another opportunity would come along. I prefer to know my risk (the only thing I can control) and compare it to a possible reward. Guided only by that I decide to either enter or not.
PS I've had a bad experience with chasing every single opportunity.
Lord Flasheart
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-25 on both halves
trendie
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I was with you on the first GU short, but, in all honesty, I couldn't see where the Long came from.
On the 5-mins, all I could see were lower-highs and lower-lows.
Would be interested in the reasoning for the 2nd trade. (just generically, not asking for system dislosure)
wackypete2
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exit 1/2 @ .9612 +12
stop to be
stop to be
wackypete2
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exit 2nd half .9606 +18
Dinos
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-15
Lord Flasheart
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its a valid point. The idea of the system is to call the high or low of the day.Clearly i did this perfectly with the first trade but didnt really capitalise as I should have(fear i guesss)
the second trade had the right signal but should i really be taking it if the eur is clearly down and im just hoping the gbp has bottomed. I should have had at least 80 on the first trade. Still not a bad start
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Lord Flasheart
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great shout, why did you exit the 2nd 1/2,it was just falling
wackypete2
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Discipline is so hard. Sometimes I wish I had electric shock therapy every time I think about being stupid or breaking the rules.
Peter
ADDED: Most times I don't think about being stupid, it just comes naturally.
wackypete2
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pocrel
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discipline is my problem aswell as if i had left the euro it would have hit its target instead i am looking at it and cursing
damn trading whay cant making money be easier haha
trendie
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for me, once the Stochs went below the 70 and 50 line, I was looking for local OB points.
I wouldnt have taken the EJ middle OB, since it was below the channel, and "gone too far". but, its been pretty mcuh down all day, so far. (also the PA Lr-Hs and Lr-Lws).
NB: dont believe my charts. I havent necessarily taken any of the trades. nor does this represent all of my reasoning. nor does this (necessarily) represent my set-up. Its just for exploring a principle of trading pullbacks, by using a long-term Stochs for trend, and faster Stochs for pullback entries, in context of MA channels.
