I was thinkiong I was having a nightmare when she ran down to 203.50, I did not see that coming. There was a string of generally bad news fior GBP.
UJ is back over 104 thats nice. NOw GJ needs to poke above 205 on the bid and hold it. As far as if we are going to sink overnight especially just before dawn, It depends on how high we go in Asia.
She has to come back and get me at 209.63. I have had that one over a month and its paying great interest especially on Wednesdays
If you get really good and have an account that you can out money into quickly you can push your margin, BUT best bet is to keep it as low as you can. As soon as greed creeps in margin management goes out the window.
LT is still UP. This string of bad news will fade with tomorrows interest rate statment, which should be no surprise at .25% but it will still move the GJ a Minimum of 50 pips. NFP could go either way and I expect as much as 100 pips depending on the deviation and direction.
I'm going to try to scalp one minilot at a time in asia and hope we can break and hold 205 which should be easy once Asia is in full swing.
Quote:
Originally Posted by pipsquito
Well...this is pretty scary, but I am also in for the long haul. The LT is still up, hasn't broken the 8 hour or daily up trendline. I think this is a sell off and the tendency is still up....should want to test that 208 high again and this time break through.
I am like you...can't do much scalping without risking more. Maxed out for sure. Have a few buys spaced out at the bottom but most of them are tightly packed between 207 and 205. I have a few down here but not enough to make much of an impact when they get closed.
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