EUR/GBP
Member Since Dec 10, 2017
210 posts
Jan 08, 2018 at 07:22
Eur/gbp is going up. Fundamentally and techically.
Member Since Nov 30, 2016
11 posts
Jan 08, 2018 at 15:04
Justice1024 posted:Not this week, mate..
Eur/gbp is going up. Fundamentally and techically.
Member Since Dec 11, 2015
1487 posts
Jan 08, 2018 at 15:42
Yes, it's definitely not going up. It may fall down to 0.8760.
Member Since Sep 12, 2015
1948 posts
Jan 08, 2018 at 19:53
88 looks like the first real support,I was checking out some stocks today,big discount on Gopro as they decide to leave the Drone business.
"They mistook leverage with genius".
Member Since Dec 11, 2015
1487 posts
Jan 09, 2018 at 15:54
(edited Jan 09, 2018 at 15:54)
snapdragon1970 posted:
88 looks like the first real support,I was checking out some stocks today,big discount on Gopro as they decide to leave the Drone business.
I agree. I think it may fall below 0.8800. I will short again if it does.
Member Since Dec 11, 2015
1487 posts
Jan 10, 2018 at 16:02
Well, the second short was certainly a bad idea. I got greedy and I paid for it.
Member Since Sep 12, 2015
1948 posts
Jan 10, 2018 at 16:16
I'm just trading Eur/USD for now ,at the moment signals are mixed for Eur/Gbp unless I see something extreme safer to trade other products,I'll post if I see anything of interest.Take each trade as a 50/50 bet that way you will be more inclined to keep your stop as close as possible.
"They mistook leverage with genius".
Member Since Dec 11, 2015
1487 posts
Jan 12, 2018 at 13:15
snapdragon1970 posted:
I'm just trading Eur/USD for now ,at the moment signals are mixed for Eur/Gbp unless I see something extreme safer to trade other products,I'll post if I see anything of interest.Take each trade as a 50/50 bet that way you will be more inclined to keep your stop as close as possible.
I hope you managed to open a long, EUR/USD is through the roof.
Member Since Sep 12, 2015
1948 posts
Jan 12, 2018 at 15:18
I had 2 small losses yesterday and 1 winner,today I'm still long Eur/Usd I think its reached a top for now though,German coalition agreement helped push it higher.
"They mistook leverage with genius".
Member Since Dec 11, 2015
1487 posts
Jan 13, 2018 at 15:42
snapdragon1970 posted:
I had 2 small losses yesterday and 1 winner,today I'm still long Eur/Usd I think its reached a top for now though,German coalition agreement helped push it higher.
You think it will begin dropping next week?
Member Since Sep 12, 2015
1948 posts
Jan 14, 2018 at 00:09
I have my doubts about it dropping ,bias is bullish so it's safer to buy dips that way we minimize risk.
"They mistook leverage with genius".
Member Since Dec 11, 2015
1487 posts
Jan 14, 2018 at 14:29
snapdragon1970 posted:
I have my doubts about it dropping ,bias is bullish so it's safer to buy dips that way we minimize risk.
I am long on it too, so let's hope we're both right. :)
Member Since Sep 12, 2015
1948 posts
Jan 14, 2018 at 17:09
Every trade is a role of the dice,only way we stand a chance is to protect our capital with small losses so when we get it right we capitalize,being right or wrong isn't that important ,sticking to our plan is.
"They mistook leverage with genius".
Member Since Dec 11, 2015
1487 posts
Jan 15, 2018 at 16:11
snapdragon1970 posted:
Every trade is a role of the dice,only way we stand a chance is to protect our capital with small losses so when we get it right we capitalize,being right or wrong isn't that important ,sticking to our plan is.
That much is true, certainly.
Sometimes I wonder what is worse: multiple small losses or one big loss.
Member Since Sep 12, 2015
1948 posts
Jan 15, 2018 at 16:42
Easier to deal with small losses that way we don't get emotionally attached as much ,big losses knocks your confidence which encourages revenge trading,doubling up is a common problem too,if we have a big loss we stop for the day or reduce the trade size to minimum.What most retail traders do is try to catch a few pips with huge stops or no stop.It takes time to form the right habit,but its not to difficult to teach,I know some professional traders that get someone else to set there stop loss limit or its set automatically.
"They mistook leverage with genius".
Member Since Dec 11, 2015
1487 posts
Jan 16, 2018 at 16:24
(edited Jan 16, 2018 at 16:24)
snapdragon1970 posted:
Easier to deal with small losses that way we don't get emotionally attached as much ,big losses knocks your confidence which encourages revenge trading,doubling up is a common problem too,if we have a big loss we stop for the day or reduce the trade size to minimum.What most retail traders do is try to catch a few pips with huge stops or no stop.It takes time to form the right habit,but its not to difficult to teach,I know some professional traders that get someone else to set there stop loss limit or its set automatically.
In my case my confidence takes a hit either way. Multiple small losses one after the other erode it gradually, a big loss breaks it suddenly, but the end result is the same. :(
Member Since Sep 12, 2015
1948 posts
Jan 16, 2018 at 19:59
Do the maths to see which trades are easier to recover from ,small losses chip our confidence a little,that's part of trading for even the best.Although leaving us still able to make reasonable judgement's.I know when I trade I will have maybe 2-3 small losses daily,some days I will do 1 trade and profit,I don't know which days I will win or lose,but I do know what my max loss will be for a set day.What catches a lot of traders is they need to let those winning trades run as much as possible or we are defeating the purpose of putting on the trade in the first place.
"They mistook leverage with genius".
Member Since Dec 11, 2015
1487 posts
Jan 17, 2018 at 16:20
I shorted at 0.8870 today and I have set the TP at 0.8830. Do you think it will fall to 0.8800?
Member Since Sep 12, 2015
1948 posts
Jan 17, 2018 at 17:01
I would bounce out at 88440 because as you can see it goes back up to play off the MAs
"They mistook leverage with genius".
