Originally posted by suityou01
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Previously on "Weak pound, at least it will boost our manufacturing and exports..."
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Originally posted by suityou01 View PostI thought about doing that, but the US figures gave me the eebie jeebies.
The USD is bullish, the DJ at pre 2008 highs and I'm not sure a reversal is that imminent.
I decided to sit out for a bit, with my profits, and see if the psychological barrier of 15000 is breached. I may go back in if it is.
I'm also eyeing AUD/USD for a retracement on recent gains.
The market is quite jittery at the moment and any bit of news seems to make the market jump 50 pips.
My USD/JPY trade got me burned overnight (been running since last Friday) and all because some bright sparks misinterpreted a news article about the BOJ.
I fear for sterling
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I got burned on a GBPJPY trade today, you can't even rely on a falling pound sometimes.
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Originally posted by DimPrawn View PostIf you want to make money at forex it is better to let your winning positions run by carefully moving the stop loss to capture profit and cut your losing positions quickly. For all you know that trade could run and run and you will be missing all that profit potential.
The USD is bullish, the DJ at pre 2008 highs and I'm not sure a reversal is that imminent.
I decided to sit out for a bit, with my profits, and see if the psychological barrier of 15000 is breached. I may go back in if it is.
I'm also eyeing AUD/USD for a retracement on recent gains.
The market is quite jittery at the moment and any bit of news seems to make the market jump 50 pips.
My USD/JPY trade got me burned overnight (been running since last Friday) and all because some bright sparks misinterpreted a news article about the BOJ.
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Originally posted by suityou01 View PostLooks like there's some bullish market news in the form of US Advanced retail sales coming out at 12:30.
For that reason, I'm out.
Taking my profit with me
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Looks like there's some bullish market news in the form of US Advanced retail sales coming out at 12:30.
For that reason, I'm out.
Taking my profit with me
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Originally posted by DimPrawn View PostI wouldn't put a TP at a big round number like 1.5, but instead move the stop to just below this if it gets close, incase it rockets through such a psychological resistance level.
Up 30 pips so far
(And in the face of the fundamentals )
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I wouldn't put a TP at a big round number like 1.5, but instead move the stop to just below this if it gets close, incase it rockets through such a psychological resistance level.
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Decided to put my money where my mouth is. Got an order at 14943 (Monday's high), stop at 14913, tp at 15000.
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