Do you mean to close my shorts and re-open when g/u gets higher? Anyways, I was really trying to be strong and patient but it did not work this time. When I was starting to trade I was a bit impatient and when the trade went against me I closed it ...

Cable Update (GBPUSD)

I think I'll go for #3. Either of way is risky. My account can withstand more and I can free up some more margin by closing other open positions that I have. I am trading money that I can afford to lose, but loss does not make me happy, obviously. ...

Cable Update (GBPUSD)

Thanks for your kind words of wisdom. I went my first short after 260 pip run up of GBP/USD, then 300, 360 and finally 460 (approximately). I learned from the past that usually after long trend there is a correction of 150 - 300 pips, which did not ...

Cable Update (GBPUSD)

No, I did not hedge it yet. I can freeze my loss by hedging it and wait for reversal but if it happens then my new long position can get into the same loss where I am now... It looks like it is a dead end... My account still has enough margin but if ...

Cable Update (GBPUSD)

Why? Because I am stupid.... I got to a great floating loss and now it is too late to bail out. I just wait for correction to come. 200 pips down would be fine, but chances are rather small... I have learned a lesson and now I know I cannot catch ...

Cable Update (GBPUSD)

In what time horizon do you think will this happen? What are your arguments for saying that? I mean I would like the cable go down to 2.0000 at least but seems like USD is constantly loosing ground. I would like to believe what you say...

Cable Update (GBPUSD)