Smashed the bottom than the top of the triangle.... And my AU positions are also rocketing.. What a
Friday, Fryday, Fearday
Friday, Fryday, Fearday
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DislikedSmashed the bottom than the top of the triangle.... And my AU positions are also rocketing.. What a
Friday, Fryday, FeardayIgnored
DislikedOMG, this roller coaster drive sucks
I'm tired, even though I didn't open/close a single position today
mind is like F***D up
heccckkkkIgnored
DislikedNothing special just the price moves down and up.... You remeber what I said yesterday??? Down 200 pips and up 200 pips...??? Remenber??Ignored
DislikedI shorted last week at 2.0334 but the Cable shoot up to nearly 2.0500. My bad... I didn't take the loss soon enough. I did hedging instead with long at 2.0485. Ouchhhh I now it was a stupid dump move. I panicked! After that only I learned that hedging is not recommended. Thanks to you all for advising. I appreciate it so much. I never hedging again.
However I am still stuck with my previous positions which are short at 2.0334 and long at 2.0485. Now that the Cable is dropping to my short BE... shall I unlock it now or wait for it to drop some more. Then I can only hope that Cable will bullish again to 2.0500 area to liquidate my long position. What say u guyz?Ignored
Dislikedi think your hedging can still be saved... cable is moving towards 2.0500 area (wave 5)... u can close your long trade there... it will come down again eventually for the abc waves...Ignored
DislikedCheers mate! Thx a lot... at least now I can stop banging my head to the wall. That was the original plan providing Cable ever gonna drop to 300 area again. The question is WHEN??? Hopefully swap will not eat me aliveIgnored
Dislikedread this thread, then close the weekest trade and A-H it later, the hedge and roll will kill you, been there done that.
if you think it's going up, close the short and reopen it when the price comes back or visa versa.
http://forexfactory.com/showthread.php?t=27286Ignored
DislikedCalling it a week
Went short at 0340 on the pullback, price went my way, then reversed. I stopped and reversed at 0350 and now loss was recovered and ended the day with some profit, thanks to euro long at 4104, too. Not that bad for a crazy NFP. I used to lose a CHUNK in this kind of day
I thought (and posted here) that this would be an easy trade. Specially with the strong possibility of a revision from the -4K. My take was 130K actual, 30K revision from -4K.
Turned out the revision was much stronger, but yet the market went against the dollar. In some hours we will read the reason why in the newswires.
My take for next week is dollar bearish, now that cable failed twice at the previous triangle and euro has found buyers at the 4030/50 50% fib level.
Hope this time cable follow suit the dollar dumping. AUD and CAD add to the dollar bearish cause, imo.
Fundamentally, I think market will be ranging near the dollar's bottom until Fed's statement later in the month. A no-change will get us in a massive correction for November. October is going to be a hard month to trade.Ignored