Recent content by MSP Trader

yep break out or stay in range.......... one way or the other it has to do something lol what WHO KNOWS!!!! as am GOD DAME SURE I DONT but i can hope a brave man to short...... (and i am holding on to my socks)

the times, they are changing. the only way to find out is wait and see...... for the euro to become the reserve it would have to be alot stronger than it is now, plus the euro is still an infant, my friend the euro zone is not as strong as we are lead to believe it is. it a waiting game and...

CAble all the fun of the fair Hi everyone, Well first i hope you are all fairing well in the market? as a position trader i have followed the market long for the last 35 days, but things are getting dire for the $ now, and personally i think the $ is about to give the pairs a taste of their...

Your welcome, i dont know how long you have been in this game, i have traded for years, and it has given me many things that no other job could ever do. Take advice from those who know, and listen, learn and READ :lol: Money management is vital to survive in this line of work, a little book...

Hmmm interesting read, this thread. For my own penny's worth if it helps? i will give you my thoughts........ Point 1. You have a system for a reason - USE IT - PLAN YOUR TRADE AND TRADE YOUR PLAN Point 2. Never let your loss run, follow your trade into profit and move your stop - LOCK IN...

Hi all, Well after my last set of trades (which were not to good lol) am back. Rav thanks for the advice by the way. Starting to get back on top again, cable played well for me yesterday on my short from 2.0419 and my long trade today from 2.0201. Looking forward to the morning lol...

Well Rav, Looks like i messed up, i should have taken your advice. thanks anyway mate.

Update, I think i will win the prize for the biggest idiot today :( , held far too long and let a bad trade run. averaged up the trade to try and get out of it, (AND FAILED) so it's a cut and back to the drawing board and try again. (CONFESSIONS OF A PRIZE IDIOT)

Many thanks Rav, i may just take you up on that offer lol, i must admit i feel i am being teased by the market at the mo :rolleyes: , but i will be here till cable gives back what it took...... so i maybe around tonight. and thanks for the advice :D

trade update (short cable @ 2.0300) well feeling very stupid here, seeing red is not really a good sign, and my system now says cut and go long. but to cut with a loss goes against my plan :confused: , still thinking about averaging up the trade to get close to the market, (only use this as a...

Hi Rav, Well just came back, had to go out, and the trade is against me :o , looking for a fall, but i can wait, i have time on my side. I just hate being in the red like this.... one of two things i can do here :- a. sit and wait for the trade to come good, i have a big enough sl b...

Hi rav, maybe jumped the gun lol, my system put me in a short @ 2.0300 so am sitting on a flat market at the mo :rolleyes: looking for a good short and feel it in my blood, but all i can do is follow my system and hope it's put me in the right direction? good luck with your trades anyway.....

Thanks Jilly, I know what you mean my plan is 75% right so i have to take the rides, my partner is an accountant so talk of profit is ok, talk of loss is well what can i say (very judgemental lol) but thank you for your input and hope your day and system plays you well....

Hi all Can i throw a question into the area? replys welcome lol...... here goes. I know we all trade our own methords and systems which we have used over the months, years, but at what point do you question it? what i mean is, we know by something inside that the market is going to short/long...

Good day eveyone, cable didn't give much for me yesterday only managed a +16 +14 +16 so a bit of a poor day for a position trader lol, waiting for the next trend to show it's self, after all the sun is shining and who wants to sit inside lol. would agree with oiltanker and wait after the...