Fortune lost on GBPUSD

[Tempted]

What shall i do to gain my money back. Dollar Index 104, GPBUSD 1.25?

 

[tomorton]

Are you still in your position on this pair? Is the position short? Where is your stop-loss?

 

[Tempted]

Closed. BUY position

 

[tomorton]

If you're out, recognise that even though you lost some capital on this pair, you don't have to make a profit to recover the losses form the same pair. Any will do, and of course an entirely different strategy is an option.

But first off, what is your Plan A?

 

[Tempted]

Go back in and trade up.
Dollar index is full strength and soon will be coming down.

 

[Tempted]

Do you trade daily and what do you trade?

 

[gka]

Take a look at this thread link for a description of the VRM and a PDF describing the VRM charts attached to this thread

Predicting future FX support and resistance levels using mathematics

I attach the VRM predictions for tomorrow for 16th July for GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD. Coloured levels are the important VRM levels. Watch out for the top, middle and bottom of the short term trend channel (blue) colliding with the top, middle or bottom of the long term trend...

www.trade2win.com

and the latest predictions for the next 24 hours (last post) for GBP-USD. You can see that GBP-USD has been long term bearish since 23rd February. And short term bearish since 28th March.

G