Posts by "shane"

I have learned to take losses lol, got out of the short seems like 1.5810 and if taken out 1.60 is the next target. BOE may sound a bit bullish with no easing and probable rate hike by BOE in summers who knows wats GBP is upto.

@Subway Do u think after eurusd took on 1.3290 a few mins back that 1.32 is in picture and may be 1.30 later on. Although i agree 1.27 may be a fairy tale for now however considering thin markets and forex surprises, i dont rule out on any possibilities as some one is buying wat i am selling but that doesnt really matters for day traders like me , it may hit 1.30 and than go for 1.37 making both ashraf and u partially right.

Look at the strong support line extending from the bottom

@ignore yup u are right i wasnt feeling confidant about the euro direction however contrary to this i was pretty sure that it wont hit 1.3460 yesterday so i went short, the fact is that no one out of us can predict the markets so i stopped doing that now i just see what the market is doing and go along in the flow , my 2nd target is 1.3180 for now . lets see but i am pretty sure that my break even will be taken out and actually it requires a lot of discipline to see ur breakeven to be taken out and the prices fall after that like a water fall. It tries to seduce me though but i am happy with peanuts on regular basis and a whole cake once in a blue moon.

@ignore i try to take initial profits on 20 to 25 pips, the markets are so weired u dont want to regret that u were taken out for no prfits where as u could see those dollars in front of u i hate that feeling . Most people wait for those 100 plus pips i just cant handle that pressure ,and the long wait so my initial targets are just 20 to 25 pips than the other SL is moved to breakeven so i can have sound sleep .