Thanks Matepbtrader said:guess these boards are like most - you guys have no clue other than what everyone is saying.
pbtrader said:guess these boards are like most - you guys have no clue other than what everyone is saying.
rav700 said:I am looking at the 14th and 15th February and we have had a similar run up and all the way back down again also .....so what if they took out the tightening policy out of the statement it still seems a bit vague...about what will happen in the future with the intrest rates.....
Secondly all my techincal analysis show that we are overbought .............
Thirdly Profit taking is going to happen......If we get the same effect like the 14th and 15th then we shall
see 400 again....Also may the force be with DC he was my guide...on this rocky path.....
He must be getting ready for south africa....now.....
Happy Trading everyone
Atilla said:Give us a clue then wise a55!
You obviously know what everyone else doesn't...
Priceman said:chaps could be 9710 here ...
rav700 said:Nah mate he is there just to wind people up on boards mate dont take note of Mr Pubetrader or whatever he is .......................
Well Done so you made the pips atilla and that is what counts........
On a serious note .....you got your shorts in or are you going long mate...?
Still here trying to read the messages through my tears. Not sure how I ended up with this short bias but it has been expensive this last couple of sessions. Shorted again but now running very tight stops. I can tell you when it is going to go down, shortly after I close all my positions!rav700 said:Uphios....where have you gone matey .......I am waiting for some support on the short side????
Rav
Uphios said:Still here trying to read the messages through my tears. Not sure how I ended up with this short bias but it has been expensive this last couple of sessions. Shorted again but now running very tight stops. I can tell you when it is going to go down, shortly after I close all my positions!
The only good moves I have made of late was closing my swissie for break even (that looks really good now!) and a tiny bit of scalping that should have given me a clue. When each short entry is higher and a fistful of scalps only make a dozen points I really should realise I'm on the wrong side.
Uphios said:Still here trying to read the messages through my tears. Not sure how I ended up with this short bias but it has been expensive this last couple of sessions. Shorted again but now running very tight stops. I can tell you when it is going to go down, shortly after I close all my positions!
The only good moves I have made of late was closing my swissie for break even (that looks really good now!) and a tiny bit of scalping that should have given me a clue. When each short entry is higher and a fistful of scalps only make a dozen points I really should realise I'm on the wrong side.
Fair play to you mate for your honesty. I usually hide and beat my head against a wall for a while when I do stupid things, last place I want to be is on here looking silly. We usually always know what we're doing wrong but can't stop ourselves can we. If in doubt stay out. As long as you are acknowledging that you are doing something wrong and can stay out until you sort that out you'll be fine and bounce back. I still make the same mistakes.Uphios said:I need to take some time out and examine what I am doing wrong. I kind of know what it is but seem unable to do anything about it. Take this last move, I got long on 14th at 9220 and strongly fancied a large up move, perhaps 400+ pips, but we know it does not do these moves in a straight line. I came out 9275 expecting a small pull back where I would get long again. It didn't work so I longed again at 9296. All well and good but now I felt I had dropped 21 point so next time the advance hesitated I got short at 9310 trying to catch the overlap and get my 21 points back. The market moved up (as I had first suspected) and I was 'trapped' in a short where I had expected the market to move up!. A few scalps later and I am more or less even but then get caught in a second short on the next spurt. So here we are, I have mostly shorted a move I expected to go up.
Matron, please shoot me!
Honest Post! Maybe when you feel that the market is bullish and is set for a large move, just take long positions ONLY no matter what. I am sure the market will present good opportunities to trade again.Uphios said:I need to take some time out and examine what I am doing wrong. I kind of know what it is but seem unable to do anything about it. Take this last move, I got long on 14th at 9220 and strongly fancied a large up move, perhaps 400+ pips, but we know it does not do these moves in a straight line. I came out 9275 expecting a small pull back where I would get long again. It didn't work so I longed again at 9296. All well and good but now I felt I had dropped 21 point so next time the advance hesitated I got short at 9310 trying to catch the overlap and get my 21 points back. The market moved up (as I had first suspected) and I was 'trapped' in a short where I had expected the market to move up!. A few scalps later and I am more or less even but then get caught in a second short on the next spurt. So here we are, I have mostly shorted a move I expected to go up.
Matron, please shoot me!