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
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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