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- Thread starter Lord Flasheart
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Lord Flasheart
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taken 1/2 off at +24, rest to b/e and will defo enter again if stopped, i like this set up
ZEN archer
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If you really live in Monaco, then you should know that this approach is not great!
As you say, if you use "sensible" stops of around 20 and have 2 or 3 losers, where do you go from there? at -40 or -60 for the day you've had it...
BTW I just stepped away and played some pool and I can't stop thinking about this long - it could still trigger later even though the pullback IS a bit heavy......... it might not get back through 250 but could still be worth a few pips...
Not sure yet - if it sets up then I probably will take it - I had to wait 6 hours for yesterday's long
It doesn't matter if you live in Monte Carlo, London or New York - three losers in a row is not a pleasant experience especially if they are highly leveraged trades.
PS The same move on eur/usd again - this time I caught it
PPS Sorry - couldn't resist boasting about it. Next time I'll post trades as they happen
Lord Flasheart
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if this carries on falling there will be girls all round at my estate tonight,BP is organising the entertainement
c6ackp
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Yep, same as yesterday. Although it doesn't look as strong today so e/u could be starting to turn from bullish (Friday london AM) to bearish - there's no way to tell until this current move either breaks 260 or is contained within 260 (double-top).
The "extra" weakness on e/u from 190 to 175 (Pete caught a piece of this) was a trap hence the sudden short covering.
There's your proof that simply reversing on a stop is not a good idea, because markets can always go that little bit further than you imagine.
The "extra" weakness on e/u from 190 to 175 (Pete caught a piece of this) was a trap hence the sudden short covering.
There's your proof that simply reversing on a stop is not a good idea, because markets can always go that little bit further than you imagine.
It doesn't matter if you live in Monte Carlo, London or New York - three losers in a row is not a pleasant experience especially if they are highly leveraged trades.
PS The same move on eur/usd again - this time I caught it
PPS Sorry - couldn't resist boasting about it. Next time I'll post trades as they happen
Lord Flasheart
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as soon as i make a confident statement the market rev erses and is looking like taking back all of my 2nd 1/2
ZEN archer
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Buy order above 245 stop 222 - trying to get some more
ZEN archer
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IMO it depends on target, r/r etc. From my experience profit is often (not always) equal to suffered loss from the previous trade if not better. Like today - I took profit from that short. I rarely try to 'run the profit' on that kind of trades. Even from this long move (agree with you - it doesn't look that strong like yesterday's) I took a reasonable profit and closed it at a Fib level not trying to 'run the profit' in a 'guessing way'.
I'll give it another chance only if it breaches prior high instead of staying in the trade.
c6ackp
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like it - still could go 310 as I mentioned earlier, but there's no way to know
all we do know is that this bullish move is getting older (in terms of waves) and it's likely to turn one day this week....
if it goes 310 then just keep buying the dips until it doesn't go higher
all we do know is that this bullish move is getting older (in terms of waves) and it's likely to turn one day this week....
if it goes 310 then just keep buying the dips until it doesn't go higher
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Pat494
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Finspreads won't fill a buy order on Aud/Usd - which usually means you are on a winner
Pat494
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Now they have
forexkunta
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Short Cable @ 1.5853 s/l 1.5887 target 1.5750
forexkunta
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Short G/J 132.40 s/l 132.84 target open
c6ackp
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thanks I just shorted cable @ 5860 also sl=92
looks very interesting, if this pattern was on euro I'd be all over it, but I'm not sure that cable trades the same way - worth a try anyway
looks very interesting, if this pattern was on euro I'd be all over it, but I'm not sure that cable trades the same way - worth a try anyway
ZEN archer
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It could be, although they don't follow each other that much.
Anyway I lost slowly what I made quickly - stopped.
No more trading for today
And tomorrow as well - I've overdone it.
Need to take a break in order to fight my trading addiction
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Lord Flasheart
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still in this gl trade,hoping it will go my way again or ive given back 50 pips good profit and will have to re enter
c6ackp
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...we took a little heat on cable forexkunta, but it's still looking ok...
...praying hard here - let's hope Tokyo don't mess this up
...praying hard here - let's hope Tokyo don't mess this up
