Posts by "montmorency"

Bad luck @Chloe. Well I bailed out of my Gold short around 1086 .... and it carried on down to ~1073 *weep*. +ve pips, but not as many as it could have been! Still, it's impossible to get every pip out of a run except by sheer luck, IMHO. As one old trader I read about said "don't be greedy...leave some on the table for the other feller..." (or gal, of course). I think there is a lot of truth in that.


@Gunjack: Not in my very humble opinion, but I'll tell you, my stops are _well_ above 1.63 just in case.

LOL - Gols is about the only thing I've done right recently (sort of, kind of)...shorted from the mid-ish 1090s.

@Chloe: I think he tweeted that it's capped at 1.6280 or so.

Anyway, well done. I left an order in for 1.6223 before I went to sleep, not thinking it would even get that high really. LOL. If I'd been awake I could have taken profit manually, but my TP was too long, and then it went skywards again. Still, I'm reasonably happy to wait for it. Remember that Ashraf has pointed out that cable gains in the morning of the London/Europe session are very often lost in the afternoon, or towards the end of the NY session (not sure of the exact times, but that's the general pattern). And while these are not "normal times" (when is it ever?), it has been following something like that pattern recently. On a purely "reversion to the mean" basis, I could see it easily getting back to 1.62 today.

@Said: I see. Thanks.

@Radu: Yes, I'd be more likely to short a bounce to 1100+ . From where we are now, I feel it could go either way, so shorting is a bit risky I feel.

@Said: Gold you mean? Interesting. I wouldn't be surprised if so.