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pawpaw1000 replied Sep 13, 2010just took half my position at 5397 for 4% on my account and will take the rest at 5380 or get stopped on it at 5317 (just above current m15 bar)...
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pawpaw1000 replied Sep 13, 2010The problem is fake outs... we will have many "piercings" of the range before we break and other times it is clear cut... I use M5 with some MA's to help me out. Also watch the Candle formations... I will normally try to anticipate and would have ...
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pawpaw1000 replied Sep 13, 2010
good place for t/p... I'm holding though as I want to see 5380 1st...Cable Update (GBPUSD)
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pawpaw1000 replied Sep 13, 2010to give an example, I entered on break of 5450 as that for me was bottom of my m5 range... If we then go back up, my reason for entry is lost and so there is no need to hold the trade... 10 pip s/l is enough and I am now up 30 pips or 5%... easy ...
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pawpaw1000 replied Sep 13, 2010Mate, you got it all wrong... If you can get a good enough entry so you only have to risk 15 pips (2%) of account and then catch a 60 pip trade, you're up 8%... catch one on three different pairs and what you got? Takes alot of practise but I'm ...
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pawpaw1000 replied Sep 13, 2010BTW, just entered on the break down on cable at 5450... s/l at 5460... t/p unknown... EDIT: S/l to BE
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pawpaw1000 replied Sep 13, 2010No war, always good to discuss things... I enter with let's say 5 micro lots, with a tight s/l, when I get 10 pips I exit 2. move s/l closer. If i get 20 I close 2 and move s/l to b/e... See how nice it works...
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pawpaw1000 replied Sep 13, 2010nah
Close at BE most of the time... all about entry...Cable Update (GBPUSD)
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pawpaw1000 replied Sep 13, 2010HAHAH! and we're off.... if these two trades work I'm up 20%
EDIT: Fibre to BE... already moved s/l to top of m15 candles, will move to BE as soon as I have 25 pips... Stopped on fibre... cable struggling at 50 level...Cable Update (GBPUSD)
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pawpaw1000 replied Sep 13, 2010well, got in short on both cable and fibre... Cable @ 5462 s/l 5481 and TP at 5353... (PS looks like I'm about to get stopped) Fibre @ 1.2820 s/l 2837 and TP 1.2707... Both are risking 2% of account and have a RR of 5. Let's see...
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pawpaw1000 replied Sep 13, 20105th try to break this level... Maybe? will see, as we have quite a nice raide down if not!
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pawpaw1000 replied Sep 12, 2010Aah, so you reckon they will be doing more investing to try and make money? well, whatever happens it'll have to wait till 2moro morning... I didn't sleep alot last night as we had our 1st match and obviously had to be ridiculous afterwards ...
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pawpaw1000 replied Sep 12, 2010Knew I'd find you here BB! always looking for a quick buck
Just joking mate... I have implemented a 2 year plan to 100k up in my trading account starting with 3k and growing it to 10k and then adding 12k at the end of 1st year... so 22k to ...$1000 to $1,000,000,000 in 4 years
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pawpaw1000 replied Sep 12, 2010Yeah, just read the report, will definately slow growth and create the need for more QE as the economies ground to a halt... Like you said though, it will have a longer term impact seeing as they have been given a couple of years to implement... ...
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pawpaw1000 replied Sep 11, 2010Oi, ek dink, The topic went that way as we started talking about happiness and what it means... You'll soon come to realise that in this forum it's not all just about trading but actually alot more! And if religion makes you uncomfortable, take a ...
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pawpaw1000 replied Sep 10, 2010Heya FourXtrader... Yeah, have seen it time and time again... Must say though that I do have a different view on things when it comes to the questions of life. For me, I'm here to try and help people, or I hope I am blessed enough to be able to do ...
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pawpaw1000 replied Sep 10, 2010AAH, marianne williamson... Great stuff BEE! Thats exactly how I feel... I don't think we are here to do what we want and live the middle class dream or even the upper class dream... WE ARE HERE TO SERVE. No matter how useless or unimportant we ...
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pawpaw1000 replied Sep 10, 2010Alright ladies and gentleman... Off to go eat some bottomless chinese food
Thanks for the great day... See you all sunday evening and ofcourse, LO monday... Have a brilliant weekend!Cable Update (GBPUSD)