EUR/GBP to trade or not to trade

[usdoutlaw]

Eh ... no respect ... just started Forex again after a couple years hiatus ... 12 pips a day is the good number for me these days

 

[Martinghoul]

Quote from Martinghoul:

I am gonna hold on to this one for a while...

Out of EURGBP, switching into EURCHF.

 

[FXSnipe]

Quote from Martinghoul:

Out of EURGBP, switching into EURCHF.

Very nice! I tend to think that one needs to be patient with this pair as you have done. Well one needs to practice patience all the time when it comes to the market to earn 100+ pips within few days. I always anticipate the market to test my patience once I have entered, a 0.9000 level bounced required one to have waited 10hrs + to earn over 100 pips.

 

[FXSnipe]

Quote from usdoutlaw:

Eh ... no respect ... just started Forex again after a couple years hiatus ... 12 pips a day is the good number for me these days

Welcome back to the world of the living!

 

[usdoutlaw]

Quote from Martinghoul:

Out of EURGBP, switching into EURCHF.

wow one of the biggest mistakes of your life ... look at that eurgbp 150 pips

but no hard feelings I couldn't hold onto it either

who knew the uk was going to miss GDP by that much

 

[usdoutlaw]

Who is crazy now ... the poll says I am but did you see that EURGBP go to the stratosphere

man I should have never closed out my longs

stupid stupid stupid

 

[Martinghoul]

Quote from usdoutlaw:

wow one of the biggest mistakes of your life ... look at that eurgbp 150 pips

but no hard feelings I couldn't hold onto it either

who knew the uk was going to miss GDP by that much

I got out at 0.9131... Could have held on and been a bit more patient, for sure, but my experience is that GBP always overshoots. Moreover, EURCHF looks better risk/reward to me now.

 

[usdoutlaw]

Quote from Martinghoul:

I got out at 0.9131... Could have held on and been a bit more patient, for sure, but my experience is that GBP always overshoots. Moreover, EURCHF looks better risk/reward to me now.

oh sorry I didnt look at the time stamp ... I thought you got out before the UK GDP release

my bad ... I guess it was one of the biggest mistakes of my life then

doh

 

[FXSnipe]

Quote from usdoutlaw:

oh sorry I didnt look at the time stamp ... I thought you got out before the UK GDP release

my bad ... I guess it was one of the biggest mistakes of my life then

doh

usdoutlaw, don't beat yourself up it was just a small oversight. This pair is lining up nicely for a short, 0.8987 one lot order will be left in until next week, will stalk this pair for a short during NY session

 

[davidmaria1]

Quote from FXSnipe:

usdoutlaw, don't beat yourself up it was just a small oversight. This pair is lining up nicely for a short, 0.8987 one lot order will be left in until next week, will stalk this pair for a short during NY session

Fade?