arco
for a 2 day chart with 30 min interval
around october 5 0000 time
would u say that is a doji star or a morning star?
or both/
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arco
for a 2 day chart with 30 min interval
around october 5 0000 time
would u say that is a doji star or a morning star?
or both/
Slam
Good going. I also had an order in at 7530 but the action missed collecting it by a couple of pips around 21.00 hrs[V]
Dazza
Charts from differnt venders can vary however on my charts the action is in an uptrend at that 00.00 and you cannot have a Morning Star in an uptrend. Its not a typical Doji either because it has a body.
arco
PS Slam
I added more at 7588..... (+ 34)
arco
The [POUND] is off its best levels although remains surprisingly buoyant as we enter the first session of the 2 day BOE meeting. Although a very minor series, the Nationwide confidence index revealed a 17 month low for UK consumers to continue the run of weaker data from this vital sector of the economy. Whilst there is no expectation for change from the BOE, evidence of waning consumer demand is factored into dovish 2006 rate outlooks, and is seen stemming Gbp's performance mid term. However, in the very short term market speculators look to have got ahead of themselves and continue to unwind oversold risk. Looking ahead CIPs services data, (seen 54.9 Sep from 55.2), and BRC shop prices offer some interest between 8.30/9.30GMT.
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oh and by the way i joned in the longs at 1.7620 +33
loving this contrarianism
Well done Peat :D
The Butterfly, the reversal date, the divergence and the Gann clusters all gave us a low risk trade, but lets keep a close watch on the action....just in case
arco
i as in at 7615 :P 33 pips now all good :P
theres beena bit of a test of our resolve goin on here....:(
(a system generated sms msg alerted me)
hangin in for now tho.
Morning All
Bit of an over night tussle between Bulls and Bears
Hopefully the Bulls have won
Bound to happen when you are looking at a reversal after 900 odd pips
Hope everyone survived unscathed[B)]
Cheers
Slam
boo hoo ><
got stopped out of both over night
EUR 9 pip loss
GBP 5 pip loss
i went to bed with a 60 pip gain total
mm ill rememberthis, like arco said should have taken profits while there are !
yes any stop i might have put in would have been hit as well Dazza thats why I try and avoid using them, tho of course this has its own risks.... GBP is quite volatile thus increasing the risk you are stopped out without the trend actually changing.
As I said , I use my platforms SMS alerts to notify me of levels being broached , then in my sleepy stupor I make a decision myself rather than have a spike take my position out. Last nite I decided to hang in even at the -40 level.
[|)][|)][|)][|)]
Grab a profit when you can, and I now wish I had taken the 70 odd that were available when I posted last night.
My stop turned out to be 10 pips too tight so I got stopped for +23 pips on one and a zero loss on the other.
This is just the possible start of a reversal so there will be other opportunities to grab a slice of the action.
arco
anyone got suggestions on how to handle this trade now that I actually have a +ve buffer in place?
I will set a fixed stop at breakeven - theres no way I want this trade to go negative now.
But, I'm wondering if I should set a large trailing stop eg 60-100 (note how volatile this pair is - it seems to me anything less than a 60 pip stop will be gobbled up through normal oscillation) and just let it run with the worst case scenario being no profit or loss but also allowing for the possibility that if we do have a major trend reversal I will capitalise to the max
Decisions decisions ... :(
Well managed to stay in through last nights fracas and oh so glad
Looking nice chaps;)
Cheers
Slam
nice 1 slam
i am kind of regretting to put my stop so tight, could have gained 100+ pips on both trades oh well...
on a brighter note im up 550+ pips shorting the energy index in oz :P