EUR/GBP to trade or not to trade

[pentothal]

Quote from usdoutlaw:

no its umm 5 100k contracts which is 500k

Man, you have a BIIIIIIG Line!!

 

[usdoutlaw]

Quote from pentothal:

Man, you have a BIIIIIIG Line!!

the bigger the better

but its a double edge sword .. I have to make up a lot of pips today

 

[cabletrader]

Quote from usdoutlaw:

the bigger the better

but its a double edge sword .. I have to make up a lot of pips today

Geez, just Buy it, it's only money!

 

[usdoutlaw]

wow they are really nailing gold today

go USD??!!

 

[usdoutlaw]

Quote from cabletrader:

Geez, just Buy it, it's only money!

yeah only money *sigh*

I should have just stepped out today to the homeless shelter and given them all 20 spots



crushing the EURO .. I guess it wont be the new reserve currency hehe

 

[cabletrader]

Quote from usdoutlaw:



crushing the EURO .. I guess it wont be the new reserve currency hehe

Yep, and they all laughed at me when I was the only one buying bucks last week above 1.50!

Buy the dips, sell the rallies.....dunno it seems to work.

 

[usdoutlaw]

Thank goodness for cables wild moves ... now I don't have to go back to the home less shelter and get all my 20 spots back that I gave away earlier

 

[FXSnipe]

Got triggered in my second short position that I left from last week, 1st position is just above 180 pips in the money. My fisrt target to take profit is 8860. I'll have to monitor it carefully tomorrow

 

[cabletrader]

Quote from FXSnipe:

Got triggered in my second short position that I left from last week, 1st position is just above 180 pips in the money. My fisrt target to take profit is 8860. I'll have to monitor it carefully tomorrow

Nice trade, what time frame are you trading off usually?

Why Eur/Gbp, don't you find it a bit slow compared to say Cable or Eur/Usd?

 

[FXSnipe]

Quote from cabletrader:

Nice trade, what time frame are you trading off usually?

Why Eur/Gbp, don't you find it a bit slow compared to say Cable or Eur/Usd?

I decided to settle on this pair than cable or euro as I tend to look at weekly charts , daily and 4hr and wanted something that is not as volatile as cable and euro. I made a lot of pips on cable but then when I continued trading I ended up losing it all. I first look at patterns on the weekly chart and zoom in to daily , but I execute trades on 4 hr charts

I take 1 or 2 trades per week book 100+ pips and wait until the following week, I don't have to deal withthe ups and downs of trading cable anymore though I have to fight the urge to trade it as it really moves