EUR/GBP to trade or not to trade

Discussion in 'Forex' started by usdoutlaw, Oct 21, 2009.

AM I CRAZY???

Poll closed Oct 23, 2009.
  1. There is a place for people like you!

    3 vote(s)
    60.0%
  2. Here is the number of my psychatrist.

    1 vote(s)
    20.0%
  3. Nah, just the same as the next guy.

    1 vote(s)
    20.0%
  4. Oh no, you are the epitomy of mental health!

    0 vote(s)
    0.0%
  1. Eh ... no respect ... just started Forex again after a couple years hiatus ... 12 pips a day is the good number for me these days
     
    #31     Oct 23, 2009
  2. Out of EURGBP, switching into EURCHF.
     
    #32     Oct 23, 2009
  3. FXSnipe

    FXSnipe

    Very nice! I tend to think that one needs to be patient with this pair as you have done. Well one needs to practice patience all the time when it comes to the market to earn 100+ pips within few days. I always anticipate the market to test my patience once I have entered, a 0.9000 level bounced required one to have waited 10hrs + to earn over 100 pips.
     
    #33     Oct 23, 2009
  4. FXSnipe

    FXSnipe

    Welcome back to the world of the living!
     
    #34     Oct 23, 2009
  5. wow one of the biggest mistakes of your life ... look at that eurgbp 150 pips

    but no hard feelings I couldn't hold onto it either

    who knew the uk was going to miss GDP by that much
     
    #35     Oct 23, 2009
  6. Who is crazy now ... the poll says I am but did you see that EURGBP go to the stratosphere

    man I should have never closed out my longs

    stupid stupid stupid :(
     
    #36     Oct 23, 2009
  7. I got out at 0.9131... Could have held on and been a bit more patient, for sure, but my experience is that GBP always overshoots. Moreover, EURCHF looks better risk/reward to me now.
     
    #37     Oct 23, 2009
  8. oh sorry I didnt look at the time stamp ... I thought you got out before the UK GDP release

    my bad ... I guess it was one of the biggest mistakes of my life then

    doh :p
     
    #38     Oct 23, 2009
  9. FXSnipe

    FXSnipe

    usdoutlaw, don't beat yourself up it was just a small oversight. This pair is lining up nicely for a short, 0.8987 one lot order will be left in until next week, will stalk this pair for a short during NY session
     
    #39     Oct 23, 2009
  10. Fade?

    [​IMG]
     
    #40     Oct 23, 2009