a break of 205.20 for shorts.
Where to ? TP ?
Where to ? TP ?
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Dislikedwow.... got out of my shorts about 20 seconds before take off.
then rode it up to Pivot.... bailed early.......
Now short from 207.20..... lets hope she rocks down a bit and doesn't SL me out... then, it's off to bed....3-4 hours a day just isn't enough..Ignored
Disliked.....and that is why we use stops and correct money management. I went from being 50 pips up one second to 50 down the next - a smile has never been wiped off my face so quick. Any ideas what caused it? My thinking is that it must be fed related due to the impact across the board. Rumours of emergency meeting perhaps? Seems credible, especially thinking about the hammering the markets have taken in the last two sessions in Asia.Ignored
DislikedStrong gbp buying from Russia and mid east. Even tho shorts might be tempting for some1 , remember you are going against the big moneyIgnored
DislikedKujo 17
Thank you again -am watching-hopefully learning and as time goes on recoup some of my losses- am taking Karmo pills 4x perday -and am extremely grateful to all of you that contribute on this thread. n.Ignored
DislikedWatch your investments these days,you don't wanna end up like this guy.
http://www.youtube.com/watch?v=rCtQL5b_rCMIgnored
DislikedNonsense.
Look at all the other non-GBP related pairs. Russians buying GBP can't account for that as well. More likely what moved the market were rumours of central banks colluding to cut interest rates after the collapse in the financial markets in the last couple of days.
Does this signify a change in trend? No. Interest rate cuts are ineffective in the long term and will fail to avert recession. The trend is down. Try to catch a falling knife and you'll end up like Breeze - broke as a joke.Ignored