July '04 Forex
- Thread starter Newtron Bomb
- Start date
- Watchers 17
Been watching cable closely as im still short. Could ave maybe increased stake at the bounce off support at 1.8540, i personally didn't, haven't got the margin to increase my stakes. Not too greedy for profits anyway, still in the learnig phase. 
Any views would be much appreciated.
hammer :cheesy:
Any views would be much appreciated.
hammer :cheesy:
Newtron Bomb
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Hammer
Hi and well done in booking some profits
The only coment would be to look at your money management. Yes you took some off the table but how much were you risking to make that gain... it could have shot to the moon.
Happy Trading
NB
Hi and well done in booking some profits
The only coment would be to look at your money management. Yes you took some off the table but how much were you risking to make that gain... it could have shot to the moon.
Happy Trading
NB
MysticalTrader
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oops. got that wrong...
MT
MT
MysticalTrader said:
MysticalTrader
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Yep. Which actually makes me my own uncle
or aunt
... damn this mysticism stuff is hard.
or aunt
... damn this mysticism stuff is hard.
JER08 said:MysticalTrader said:Or not.
"All men are my brothers, and all women my sisters."
Are you saying your dad is your brother, your mum is your sister?
Newtron Bomb
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Its been pretty tough generally speaking through june imo but i think we will see some more trending type action like we have been used to.
As Goober has said there has been a good rally up to resistnace at 1.86 which as i type the trend is just breaking... maybe just a correction after the rally with initial target maybe to 1.8400/1.8350
However, a long at 1.8510 does look tempting if the trend holds we will see mixed views for me on various TF's and waiting on the sidelines, scalping still the order of the day
Happy Trading
NB
As Goober has said there has been a good rally up to resistnace at 1.86 which as i type the trend is just breaking... maybe just a correction after the rally with initial target maybe to 1.8400/1.8350
However, a long at 1.8510 does look tempting if the trend holds
we will see mixed views for me on various TF's and waiting on the sidelines, scalping still the order of the dayHappy Trading
NB
Newtron Bomb
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The past year and a half has been phenomenal and trending for FX anything and everything has worked but the past few weeks has put that into touch.
Yesterday on cable is a good example of how choppy the intra day has been. The 15 min and 5 min i thought was a chore to trade but never the less still tradeable. Looking at the 60 min though it is surprising how smooth it looks. We may have had a lovely 5cent run and the 4 hour looks typical of a trendy move but the daily chart doesn't show the days stacking up and in light of the poor reaction to recent economic data releases am still not convinced that this chop is over
Happy Trading
NB
Yesterday on cable is a good example of how choppy the intra day has been. The 15 min and 5 min i thought was a chore to trade but never the less still tradeable. Looking at the 60 min though it is surprising how smooth it looks. We may have had a lovely 5cent run and the 4 hour looks typical of a trendy move but the daily chart doesn't show the days stacking up and in light of the poor reaction to recent economic data releases am still not convinced that this chop is over
Happy Trading
NB
Hi Newtron Bomb, well its true i had a very wide stop which would ave put me out like 60 points! I only made 20 points so thats not a good reward:risk ratio. Think it was the bad entry time and the fact i was forced to close early. Could maybe ave taken another 10 had i waited another couple of hours. Think i might stay away from forex if possible until i perfect my TA, its too volatile for me. Will still keep an eye on it and maybe place a couple of trades here and there.
Thanks for the feedback
hammer :cheesy:
Thanks for the feedback
hammer :cheesy:
Newtron Bomb
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JonnyT said:
Jonny
I never said that you, me or anyone had lost pips.
NB
Newtron Bomb
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Jonny T
NP its the only problem with BB's a poorly selected word or misinterpreted sentence can start all out warfare lol
Congratulations on your mechanical system, was it your BO system that you were referring too?
I have to confess to shelving my BO system this past month, as it has been a sporadic performer, to work on a scalping strategy which i'm now very happy with.
Regards
NB
NP its the only problem with BB's a poorly selected word or misinterpreted sentence can start all out warfare lol
Congratulations on your mechanical system, was it your BO system that you were referring too?
I have to confess to shelving my BO system this past month, as it has been a sporadic performer, to work on a scalping strategy which i'm now very happy with.
Regards
NB
No m8. Stick with your system if it works. Your observation about ranging days within a major trend is correct. However, even within these ranges, there are opportunities to scalp quite comfortably - as NB has said. At times like these, 15 min charts may be more suitable.
Remember, one man's meat is another man's poison.
Remember, one man's meat is another man's poison.
saviola said:
