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Taking hits and holding on!!

My contest account is taking a beating!!...Account balance is currently at 40k...The bullish moves from the GBPUSD and EURUSD this morning completely knock out my short GBPUSD.

Not sure what to do with 40k..

Might be a good idea to take a break..Got a long signal from my strategy on the AUDUSD, instead of going long on that pair, i took a short on the GBPAUD...Might be a bad idea, seeing as the trade is currently -10pips....Any who, thats my last trade for today...its been a rough start.....It would seem i am taking all the wrong trades..The dollar is very weak, we could see some recovery this week...well, till it happens...headed to the poker tables.


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Stix avatar
6 mai

I had a rough start to this month. Nervous, though I don't know why. Last night I blogged my heart out, which really helped. Got up this morning and trading like a demon. Day is not done but I was down to $77,000 this morning and now back up to $98,000. I still want to get to the top 20, so have a way to go but never say die is my motto, so we will see what happens. Hope you don't give up. Best of luck !

Stix avatar
6 mai

Back again. Thinking about your 40K and if I can help...GBP/NZD does the pips. If you do her right, otherwise she will sink you. She is oversold on the Daily but still dropping today. It might be a long shot at a trade and she is in a reasonably tight short channel at the moment and still 150 pips to go but we have news soon and she might do a spike short to 1.9210 area (the Daily Bottom Bollinger Line). I doubt that she will sink lower since the Daily Average Line is still long and would need to go short for the Bottom Line to open up. Might not happen but am eyeing it here. Beset of luck.

P3tr4 avatar
6 mai

thanks stix, my short GBPAUD was good...i closed it and entered another short, i am hoping it follows the GBPNZD, since they basically do the same thing...Expecting some large movements tonight.

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