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Short from 9011 yesterday

Looks like we're a bunch of shorties then.

:o)

Well I am really hoping Cable vertically challenged today.

Hils I was wondering ..Your original long position from the mid 1.80's
did you still take the opporunity to add to that as we moved up.

I remember you saying that it was an effective way to build a position. Any quidence on how to do that or traps to avoid

eg adding 50% to position size when 100-150 in the money etc..
Any general guidance would be appreciated.

Morning folks, saw it 1.9006 this morning, but I decided to wait, or I bottled - you decide!

Anyway - now short from 8964

Well done you short stuff - got a couple of play days but missed shorting this morning - a bit rusty. Watching to see if there's a bit of a DCB so got a couple of orders to open back up towards the 900 mark.

Morning from here too.

Switched on to a nice surprise as went short yesterday at 9029 :-)

Lets hope we are not all wrong...

D,

Basically I'll only add to positions where I'd got the initial entry pretty much right on a slower chart such as the 4-hour and it looks to be oscillating nicely between oversold and overbought. There is then the opportunity of a trade which might last 2 or 3 weeks with an overall move of more than 500 pips.

I'd never add to a daytrade based upon the direction of the 5- or 10-minute charts.

It's called Pyramid Trading. Suggest you put it into Google.

Well, that's one of 'em triggered. Short from 19003

erm! I wasn't expecting that. Anyone know what caused it?

ooops - and another from 19017

Stops in just above previous high - 19050

Got the 4 hour threatening a reversal - but it could go either way until it confirms. Hopefully the bullish rise didn't pop too many stops :(

Stopped out, but short again from 9013

I didnt like that little northerly move earlier :-(

Apparently caused by rumours that we may get a 0.5% rate hike instead of the expected 0.25%

Back to where we were before that little inconvenience :-)

This is what I'm looking at - for a nice return (hopefully) - based on the 4 hour crossing of the MACD (settings 19,39,9)

Tried to be clever and scalp. Bloomin' stupid idea:-(
Going to put that one in the trading diary so I never do it again.
Still short.

:>((
My stop got hit on that spike up for -41. Suppose I should have put it at around 9050. But in short again from 9014.

At last the mean average thingie ( believe that is the correct term) has turned down on my one-hour chart, the first time since Oct 24.

Hi Maggott, good to see you on here.

Well out of my short for now :-( Tough morning.