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Realities of Forex Investment
tonicasert
#441 Posted : Wednesday, November 12, 2008 8:18:00 PM
Rank: Member

Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
Went short with cable at 1.5350,but stop f 40 pips taken.... then the market comes crashing. Those moments you wish you didnt have a stop loss. But again,no! Not putting stop losses has made more losses than protecting the apparent gains.

Looking to short again at current levels above 5.3000 for some 50 or so pips.

On other topics... I guess one has a freedom to read or ignore posts. But dont want to be dragged into all these.
tonicasert
#442 Posted : Wednesday, November 12, 2008 8:25:00 PM
Rank: Member

Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
Just shorted GBPUSD at 1.5335,targeting 1.5260 TP andd SL at 1.5390.

GL and GT to y'all.
kilabe
#443 Posted : Wednesday, November 12, 2008 8:41:00 PM
Rank: Member

Joined: 7/18/2008
Posts: 53
Taken the few pips on going short with the cable. I think the problem of the spreads its across the divide.Am also feeling it with my broker but still manageable.

HARD WORK,HARD WORK HARD WORK
kilabe
#444 Posted : Wednesday, November 12, 2008 8:43:00 PM
Rank: Member

Joined: 7/18/2008
Posts: 53
I think i am going to get out of the trading day till tommorow.

HARD WORK,HARD WORK HARD WORK
NGAATU
#445 Posted : Wednesday, November 12, 2008 8:51:00 PM
Rank: Member

Joined: 5/6/2008
Posts: 107
@toni yeah sometimes you do wish you dont have the SL cause you would have reaped but thats how we need to vumilia. I got my take from the GBP/USD the spreads acted funny,decreasing your margins but not that much.

@passyson regarding the pairs of GBP/USD EUR/USD and the comdolls pairing; Thanks for the great tip,i will look into them during this session and look into their behaviour in other market session.


@NGAATU
tonicasert
#446 Posted : Wednesday, November 12, 2008 9:09:00 PM
Rank: Member

Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
Booked profit of 75 pips on the short. Looking to short further on upticks.

BoE's King currently talking... Says another rate cut imminent and UK is probably in recession. Bad news for the pound! Ultimately it may head to the big support of 1.4000 in the next few weeks.
cckip
#447 Posted : Wednesday, November 12, 2008 10:21:00 PM
Rank: Member

Joined: 8/11/2008
Posts: 11
Hallow my fellow traders,thanks alot for your free signals,i am catching up,my real problem is i am still cutting my profits early,the good news i am making decent profit each week.ok i have a problem,been planning a long vacation to kenya,i know i ask this question before,but i want to be real sure,i did some reaserch online and found that its real hard to trade forex with slow internet,i have no idea how the kenyan connection is at the moment,do you guys in kenya have any problems at all,i read on the news that the state was working on fibre optic,but i do not know their progress.Thanks guys


The most risk in life is taking no risk at all
Passyson
#448 Posted : Monday, November 17, 2008 5:34:00 PM
Rank: Member

Joined: 8/8/2008
Posts: 97
Afternoon all...

Short USD/CAD with a 40 pips T/P....

Hope most of you notice the correlation between USD/CAD and AUD/USD...

Great week all.

Anyone who lives within their means suffers from a lack of imagination
NGAATU
#449 Posted : Tuesday, November 18, 2008 2:41:00 PM
Rank: Member

Joined: 5/6/2008
Posts: 107
Morning @all
passyson,kilabe,toni et al. I have been off for some days,was having some things to sort them out. @passyson yes i got the correlation of the USD/CAD AUD/USD not that bad and am looking into them closely.Howz your market day today.

@NGAATU
jeffsmith
#450 Posted : Tuesday, November 18, 2008 3:53:00 PM
Rank: Member

Joined: 10/30/2008
Posts: 5
Hello Friends,

What to say about the reality of forex market. Now this market has come so down that don't have any thing to say. But i can only say that trading your strategy is the only key to success in this market.
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