Back after a few hours and seems like EURO is doing the 4430-4370 2 step again . Trichet is going to pump his chest and continue to wrangle a strong EURO front like he has ALWAYS done. This time will be no different, especially with world economy slowly moving back up. Maybe this will be the impetus to push EURUSD over that 4450 hurdle.
It was successful trade..nice 17 pips.. wolfe waves don't appear often, but when there is a nice formation and the market sentiment favors the bullish/bearish trend of the wolfewave.. there will be a run up on the 5th wave
lol, what did I tell ya, "....If you don't have confidence in your own ability then you're going to have problems executing trades, and letting them play out...." If you'd stuck by your decision to move your stop you would have made 27 pips. There would have been nothing wrong with moving your stop especially as the trade was more or less breakeven at the time, you could have easily closed part of it so that your % risk remained the same with a 103 pip stop as it was with a 28 pip stop. You would have made over 7 times more than you ended up making, and with the same risk! Trading is a game of strategy, be adaptive and creative Whooosh, right?
Sorry if the sound is a bit loud! <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/U9DRRpbP-M0&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/U9DRRpbP-M0&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>
GBP dropped about 130 pips in no time after the interest rate announcement this morning. I didn't catch any of it but it sure was fun to watch.
Great analyst, this is what he was saying on 12th June when Cable was 1.6580 and Eur/Usd 1.4097....... <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/02Ibkq0ktYs&hl=en&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/02Ibkq0ktYs&hl=en&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>
well I wish I would have kept this...would have made +50 pip profit...since I adjusted back to the originals...I lost -28 pips...trade closed out last night...hmmm