Sucess or failure?
- Thread starter drasfs
- Start date
Illiquid: It just looks like it will keep decreasing, but still im not sure, as they tend to bounce up after having decreased so much.
However, I expect it to decrease to 1.7560 quite soon. Its however repeatedly meeting support at 1.7598 and resistance at 1.7630. But it is in a bearish mode, and I think this state will hold for a while.
However, I expect it to decrease to 1.7560 quite soon. Its however repeatedly meeting support at 1.7598 and resistance at 1.7630. But it is in a bearish mode, and I think this state will hold for a while.
You will need a trading model and mentor. If not a mentor, then someone who you can collaborate with. Ideally you should have sold GBPUSD close to the trendline in the Asian market. Perhaps around 1.7790 with a stop loss above the trendline. 1.7618 according to my trading model is already in oversold territory. Though there is potential to 1.7530, the risk to reward ratio at 1.7618 is not as good as at 1.7790. I have read some of your post. Keep on learning. It will be a while before you get your feet under you. Work on your trading model, then you won't have to "talk to strangers" when you are unsure. 
Just kidding.
Just kidding.Thanks for the encouragement deptrai 
.. Yep im just learning now, even though ive made around 25% in return in just one and a half week
Ivnt got a trading plan right now, which I ought to have..and I should stop taking such huge risks. Im constantly using 200 leverage...
But how did you conclude that one would liquidate at 90?
Im however thinking of shorting again if it ever reach 30 and TP around 1 or 98...
.. Yep im just learning now, even though ive made around 25% in return in just one and a half week Ivnt got a trading plan right now, which I ought to have..and I should stop taking such huge risks. Im constantly using 200 leverage...
But how did you conclude that one would liquidate at 90?
Im however thinking of shorting again if it ever reach 30 and TP around 1 or 98...