Told you early on experienced guys would get bored on here. I feel most comfortable going for 10-15 pips or less with a trade. A pip profit is a pip profit does it matter if it's 10 trades for 10 or one for a 100? A pip is still a pip. A $ is still a $.
Covered this 1/4 @ 82 +$20 A total of $67.50 of it back chipping 1/4 shorts. i could close out that 1/4 short from 56 here still be in profit a few pips. That be the smart thing to do.
I am not bored just yet. But i am curious as to your answer to the following. QUOTE]Quote from college ruled: Covered my lot @2908 -$80 Too much support in the 2900-2905 area Rather take a small loss here. Funny don't care if it does go below 00 i feel this was right thing to do balance $3283.50 [/QUOTE] On this one, When you were asleep and down 30 pips at one point, did you have a stop set anywhere? I am assuming not. What happens if you were to wake up and be down 400 pips? well you would be out of business if that happened, but i cannot understand how this is going to last if you do it this way. Same thing the other day when you were long and the German court rulling came out. You were asleep i assume, bec you do not seem to start posting until around the US session. But when this news came out the EU spiked down 60-70 pips. What would have happened if that spike was 300-400 or even 1k pips? Trying to wrap my head around how you can be so highly leveraged and just go to sleep and not give a shit about it. Wake up and then just start trading wherever it is? ----edit-- And to carry these at the leverage that you do into a scheduled major news announcement????? i mean you have to take into consideration that at some point it is not going to come back and you will be blown out. Do you acknowledge that may happen? That it could happen?
I guess not is the answer to your questions. Figured at worst down a couple hundred $$ which i think i could just make it all back in a few days. Never heard or seen of a 400 or 1K pip move...has that ever happened? Very rare occurrence I would think. The news jumpiness today did wake me up ..I had just barely closed a trade long for a full lot...just before that hit. That was a bit scary... It always comes back doesn't it? Nothing goes straight up or down?
I've drawn an ascending wedge on my 5 min. Betting this strikes bottom line @82 before breaking upside line. If this does just that I will exit this trade and my 1/4 short from 56, and go long 1/2 lot
Just touched 2982 for a split sec didn't get filled. Getting out both shorts here @86 ...and bought 1/2 lot. account $3640
LOL, you got trolled into this thread and spent more than 1 minute posting... we need to see account statements!!!! this could all be SIM or completely made up