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micho replied Oct 22, 2008there is one thing to keep in your mind guys, dont forget that you might have a huge retrace anytime... so dont play with big lots just in case because the stop loss is far away... we are shorting near the bottoms
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micho replied Oct 22, 2008well as its appearing on my screen, the first tp of this horrible 4H down trend is around 1.5858 so... lol, are you gonna set this as take profit?
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micho replied Oct 22, 2008i dont have a target nowadays
used to have monthly target 25% of my account but that system failed in august... so im trying to find another...Cable Update (GBPUSD)
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micho replied Oct 22, 2008haha bulleye closed both for profit long +57 and short +32
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micho replied Oct 22, 2008i haven't seen this user called FORBES today, maybe he lost his account already yesterday while going long again



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micho replied Oct 22, 2008yeah i have one short and one long at 1.64 long target 1.6470 (EDITED TP 1.6460) and short floating

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micho replied Oct 22, 2008when its trendy, it works when its ranging it loses
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micho replied Oct 22, 2008thats how most accounts roll thats why its better if you play demo, you need time to make testing for a system... if you find a profitable one then you trade live otherwise you stop forex

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micho replied Oct 22, 2008100 pips the first day and -300 in the second day? i dont think +100 would be a realistic target

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micho replied Oct 22, 2008so if you go long, what is your stop loss and what is your take profit?

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micho replied Oct 22, 2008Now Possible Retrace To 1.6578 Ps: That Doesn't Mean Go Long Ok!!!!!!!!!!!!!!!!!!!!
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micho replied Oct 22, 2008yep i mean what you said, i closed it already at 1.63 how are YOU pipgal
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micho replied Oct 22, 2008well the down trend is horrible so play only shorts
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