These channels are still valid - will stay on sidelines now - unless we go to 1.3946 in next hour or so, I'm not shorting, I'll wait for further PA and see how it goes:

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closed those positions - covered my losses. Overall not bad - up 300 pips with my long term buy... Need to improve my short term scalps though...

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sort of - but blew away like 40 pips for it..:

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Touched the bottom of the channel - still leaving my short from 1.3822 opened..

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1.3748 would be nice level...

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of course

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They are called margin calls btw. And if you pick them up with small lots - margin calls won't happen.

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Thx KB!

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Thanx Bumpartia - I know what you mean with more risk - more reward. That's what I'm trying to accomplish with short term scalps

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Well I have different strategy - picking up tops and bottoms - put them on sl +1 and scalp in between. If market goes for example up - I leave my buy position opened and am looking for daily top. When I find it I put sl at be +1 and then scalp in ...

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have my sl at be +1 - let the chips fall where they may :

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Me too! Am faithful to my short until it's sl'd

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Steep channel technically still holding - looks like my short will be taken out:

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Meanwhile - new steep channel formed - let's see if it holds...

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My short is protected for now - let's see if the market goes towards bottom of the blue channel:

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stopped out of 1.3816 - opened another short @ - 1.38225 - sl at be + 1:

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top - my sell position sl @ be +1, bottom - my long position - same sl. Going for lunch. See you in a bit...

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Ok - closed my shorts which I opened at 1.3793 - 13809. Bit of a loss but not willing to take big risk. Still have opened 1 short @ 1.38163 - will keep that running btw as I'm writing market moves down. Need to work on my patience ...:

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If we go further up - next short opportunity is @ 1.3824

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