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just holding the position.

Got a sell order at 1.11469 for the next hour targeting 23 pips. Risking 1%. EDIT: trade triggered. Let's see.

Banked my majority of short at 1.2600 in GBPUSD. Moved my stop on the remainder to 1.2621, let's see if we reach my target at 1.2574.

'I know you did not ask but I am forcing my opinion down your throat' is not exactly calm behaviour ....

Padutrader keep it calm or I will ask you to be removed from my thread ...

yes, I have 1.2615 as support too, then 1.2605 and then 1.2600. I think we will see that last one today were I will take off some of my shorts I sold yesterday at 1.2625 leaving my smaller trade open till 1.2574

seems I can adjust my R:R to 2.5:1. 3:1 seems to be overdoing things. I am short again gbpusd @ 1.2634 with a target of 1.2576 risking 1%.

If I tried to trade 3:1 I would get horrible results since my succes rate would drop drastically. 1:1 seems about just right to me on these hourly setups. Not everyone of them will work out; that's life. I only risk 1% on each of them.

I am taking a stab at short gbpusd @ 1.2623 wiht 14 pips stop, 14 pips target for 1% risk. The reason is hidden divergence with the trend on hourly. EDIT: stopped out.

Shorted 1.1135 eurusd for 10 pips stop/target because of hidden divergence engulfer with the bigger trend. EDIT: target reached.

closed my gbpjpy trade too: I overlooked something there and that trade was an obvious mistake. I see gbp falling further for now.

I closed the remainder of my gbpusd manually and went short @ 1.2625 targeting 40 pips.

that gbpusd didn't work out: -40 pips, the other one is still running.

Both buy stops got triggered.

I got a buyorder in gbpjpy too because of pinbar on the 8H at 138.46 for 59 pips stop and target.

I got a buy order open at 1.2666 in gbpusd: pinbar on the 8h chart, targeting for 40 pips, same stop.

he was being cynical ...

I cancelled my eurjpy order. Very undecisive action in gbpusd today once more, hope we see some more action tomorrow or the day after (last time at which I will close this trade).

yup, you might also want to read up what happened to the 'genius' Victor Niederhoffer (twice !).

you might have to want to take a look at what happened to this kind of strategy in 2008 ...