higherSelfishness
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Nice opportunity (I think) to get long gbp/usd.
Who's with me!?
EDIT: Long @ 1.60338
Who's with me!?
EDIT: Long @ 1.60338
Last edited:
Trade Idea, 130104 - GBP/USD
- Thread starter higherSelfishness
- Start date
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C
cablemonster
I would advise against it, institutions are currently loaded up short and they need to dump soon.
higherSelfishness
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Wow, they haven't dumped already? (Re: 370 pip dive in 3 days.) . . . I'm already locked in, but thanks for the advice.
Not saying it couldn't go lower, but this is a very opportunistic trade (for me.)
Worst case scenario is a margin call. Then guess what? I'll get right back in and make up the loss . . . right?
Wouldn't be the first time!
Not saying it couldn't go lower, but this is a very opportunistic trade (for me.)
Worst case scenario is a margin call. Then guess what? I'll get right back in and make up the loss . . . right?
Wouldn't be the first time!
C
cablemonster
Wow, they haven't dumped already? (Re: 370 pip dive in 3 days.) . . . I'm already locked in, but thanks for the advice.
Not saying it couldn't go lower, but this is a very opportunistic trade (for me.)
Worst case scenario is a margin call. Then guess what? I'll get right back in and make up the loss . . . right?
let me guess is your stop at 1.5999?
higherSelfishness
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let me guess is your stop at 1.5999?
Hail no! I'm here to play, darn it! As comical as it sounds, I'm serious - my stop, as it stands, is a margin call. I didn't work so hard to build up my capital to pussyfoot around the MKT, and poke my head in and out. If I'm going to make money, I'm going all in.
Attn: Newbies. Lesson Number 10,391: Don't play with money you aren't absolutely willing to part with.
C
cablemonster
ok. take a look at the weekly chart, doenst look very bullish?
higherSelfishness
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All relative, my comrade - all relative. You're right, tho, sure is an ugly little candle, ain't it!?
I mean no disrespect whatsoever, but I don't give a flyin' hoot what it "looks like." Price has exceeded certain thresholds of mine and this just looks a little too tasty.
higherSelfishness
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C'mon, folks . . . no one's gonna take a bite w/ me? What fun is it if you don't get a little dirty?
wackypete2
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So you are saying you need to get a little dirty in order to become filthy rich?
Peter
higherSelfishness
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So you are saying you need to get a little dirty in order to become filthy rich?
Peter
Why yes, Pete, yes I am.
higherSelfishness
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Feeling pretty good about the trade so far, though my profit target might yet be another day (or two!) away. Currently up 60 pips.
higherSelfishness
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higherSelfishness
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Might have more "up" to go, but that borders on gambling. I always pay the MKT an "allowance," which is a %-age of my target I will forgo in order to lock in my profits.
All in all, good, but risky, trade.
Again, like pete said, gotta get dirty sometimes.
BTW - is there a way to change the thread name to just "Trade Ideas" so I can post more, and it doesn't refer only to this first?
