In my humble opinion, it has still got some more potential to go higher. However, a decent retrace is inevitible any point from 1.3790 to 1.4000. My sls are at 1.4200

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Sorry, I went to sleep. No, I am on East Coast, NY.

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Good night Shamu. Me too going to bed. Will play retrace in the morning.

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Both gold and S&P last few 1H bars pointing in same direction. Means uncertainty. They should be pointing in opposite directions. Oil at 60.11 pointing down, S&P at 906.13 pointing up, and Gold at 927.5 pointing up. DJ pointing up 8457. Time to ...

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I am still watching this pa for you on my platform. It only once touched your TP. But only bottom line counts.

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Send this one to Comedy Club thread

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This is forex Shamu. I didn't took a chance below 1.3597. Wish you success in this trade.

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What's good about cable? I just traded one small position today on spotting an opportunity. Got out with few pips. Don't know much about this pair's behavior. All the best.

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You too. Do you drop by in every thread to greet friends, or just this one?

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Thanks Gator, All this in 24 hours just for a bad trade and few hours of sleep. But what counts is bottom line. It was because of following Gambling Rule # 4. Should go back and change my leverage to 1:20 once again.

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Gambling Rule # 4: Always be liquid. Carry cash in bulk to avail any good opportunity How it applies to forex: Trade small. Do not block all your funds in only few trades. Save and use your margin to avail good opportunities.

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Target achieved.

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Thanks. All losses recovered. Now looking for profit. Maybe this is the opportunity.

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I am going for another test of 1.3600. 1.3667 may be a double top. If not, a tough resistance.

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Test reply ..... Looks as if some has sneezed in Japan.

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Sorry, I misread you "where" as "why" in my earlier post. I started shorting it 1.3558 to 1.3613, eight trades. But went to sleep and my tp was 1.3510. It missed my tp at 10:00 am this morning by few pips. pa come down to my first entry around ...

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I used to do with anti-hedge strategy. But it costs a lot if I get in and out frequently. Only marginal saving, but it distorts my thinking. I have found other ways of minimizing costs. That includes gradual incremental entries (there is a technical ...

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Thanks for letting me know. No, I cannot scalp. My brain is too weak for scalping. Tried but failed many times. I do this on daily and 1H charts. My trades last for several hours if not days.

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Thanks. I removed my 100 sma just a few hours ago. Should have kept it. But my eyes were as good, weren't they? ps. Which time frame 100 sma, it is still far below on daily and IH???

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I only go against big spikes. But the last short deal was based on sum total of small moves up. It retraced to where I expected. Profit or loss, this is time to move on.

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