Cable falls down the stairs | Forex Factory

  • Cable falls down the stairs

    From forexlive.com

    Just a quick 50+ pips from 1.2490 No idea what that's about but we'll have a dig around. Mind you, looking at the clock, and being near EOM, it might be Buba doing the monthly fx. EURGBP has Bolted up nearly 40 pips.

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cat
Nov 28, 2016 5:36am
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Quoting Guest
Just lost 66 pips ! Guys do you think there's a chance of recovery , should i wait it out?
I can only hope you're on demo and not trading real money, because if you're having to ask a question like this, there's no way you should be trading anything except demo money.
Reply
OnlineAddict
Nov 28, 2016 10:17am
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Quoting Guest
you really should wait as long as possible in a losing trade

remember that axiom "let your losers run"

please follow this advice since I am on the opposite side and want to upgrade my holiday plans this year
You got it all wrong. Its not "let your losers run", its "add more trades to your losers until max leverage is reached", thats the only smart way of trading.
Reply
Aussi
Nov 28, 2016 10:21pm
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Quoting Guest
Is anyone here still using discretionary/manual style of trading? How can anyone make any $$ with all these algorithmic triggered whipsaws?? You guys must be getting stopped out all the time on both sides of the market...
i dont use a stop for that reason i am not my brokers friend
Reply
Aussi
Nov 29, 2016 4:54am
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Quoting SickOfScam
1+ ...CHF (SNB) is in the hands of private banks, and in any case it should be avoided. GBP pairs are "dynamic" and make quick cash, if you know what you're doing.
hi mate yes i dont trade chf
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Aussi
Nov 29, 2016 4:56am
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Quoting OnlineAddict
If your SL is on the right side, there is nothing your broker can do about it.
on news spikes they can get you both ways up and down down then up , i have the time to spend on mt4 i am retired hence no stop loss
Reply
Ghassforex
Nov 28, 2016 4:20am
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Quoting mrhurley1
Mate...you are wasting your time asking if anyone thinks theres a chance of the market doing anything..nobody knows what its going to next..i repeat nobody..the sooner you get out that mind set the sooner you can bank some dollar...develop your expectancy mindset
Quoting Guest
Just lost 66 pips ! Guys do you think there's a chance of recovery , should i wait it out?
Always there's a chance,,, you go long GBP? witch price ?
Reply
OnlineAddict
Nov 28, 2016 4:07am
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Quoting NorthernFX
What was your stop loss, if you didn't have one I would just quit now and find a new hobby?
He has a stop loss, its called margin call.
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cat
Nov 28, 2016 5:30am
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Technical move that's all. Watch the H4 200sma level at 348 as this may well give it support if it gets there, it did last time it hit it, and although it broke through a bit, it soon rallied.
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UnBearybull
Nov 28, 2016 7:48am
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Quoting helpmetrade
Using real money. I think im making every mistake possible.
Advice for free. STOP NOW. I started in July and have gone back to DEMO mode after painful (£££) lessons in trading. If you are using real cash at least try something less expensive, with a short-spread such as equities(shares). Forex/Oil/gold etc are the PREMIUM markets, you can lose big - quickly!
Reply
Not-KPMG
Nov 28, 2016 5:05pm
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Come on guys
I know, and smart people will know that these are jokes....

But some dum-dum will take it seriously

And as I always say AVOID POUND. Don't buy it ever.
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OnlineAddict
Nov 29, 2016 4:02am
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Quoting Aussi
i dont use a stop for that reason i am not my brokers friend
If your SL is on the right side, there is nothing your broker can do about it.
Reply
Forexgain
Nov 28, 2016 3:44am
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Quoting jegas
wht smashed the cable ?
Sell button
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jegas
Nov 28, 2016 3:42am
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wht smashed the cable ?
Reply
timos
Nov 28, 2016 3:41am
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It must have been GhostBiker morning orders
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Ghassforex
Nov 28, 2016 4:05am
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Quoting jegas
wht smashed the cable ?
Speculation))) margin 1.2335/1.2535 playing always 200 pips ))))
Reply
Ghassforex
Nov 28, 2016 4:07am
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Quoting Forexgain
Sell button
Buy button @ 1.2385))) lololol
Reply
Ghassforex
Nov 28, 2016 4:10am
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Quoting OnlineAddict
He has a stop loss, its called margin call.
lol)))
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Ghassforex
Nov 28, 2016 4:24am
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Quoting mrhurley1
why are you looking to go long?..becuase its come off quite a bit? I hope not
Asking me ..?
Reply
Fx 35
Nov 28, 2016 3:57am
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I closed all my GBP/AUD short trades 3 mins before it falls, because it was consolidating a lot in the region, I was not expecting that.
Reply
NorthernFX
Nov 28, 2016 3:59am
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Quoting Guest
Just lost 66 pips ! Guys do you think there's a chance of recovery , should i wait it out?
What was your stop loss, if you didn't have one I would just quit now and find a new hobby?
Reply
mrhurley1
Nov 28, 2016 4:13am
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Quoting Guest
Just lost 66 pips ! Guys do you think there's a chance of recovery , should i wait it out?
Mate...you are wasting your time asking if anyone thinks theres a chance of the market doing anything..nobody knows what its going to next..i repeat nobody..the sooner you get out that mind set the sooner you can bank some dollar...develop your expectancy mindset
Reply
drextrey
Nov 28, 2016 4:33am
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There is always a recovery, but might not hit your price. Calculate it well, Use a fibonacci retracement and a recovery is often to hit the 61.8%. When you sure its in a recovery go double lot and stop at 70-80% Price range from the 61.8% fibo.

Another advice, Always calculate a stop loss level. There will always that sudden news that break the market, and it will WIPE OUT your account.
Reply
helpmetrade
Nov 28, 2016 5:43am
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Quoting cat
I can only hope you're on demo and not trading real money, because if you're having to ask a question like this, there's no way you should be trading anything except demo money.
Using real money. I think im making every mistake possible.
Reply
Bull n Bear
Nov 28, 2016 6:13am
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Quoting cat
I can only hope you're on demo and not trading real money, because if you're having to ask a question like this, there's no way you should be trading anything except demo money.
The bitter truth!
Reply
SickOfScam
Nov 29, 2016 3:15am
Permalink
Quoting Aussi
i dont use a stop for that reason i am not my brokers friend
1+ ...CHF (SNB) is in the hands of private banks, and in any case it should be avoided. GBP pairs are "dynamic" and make quick cash, if you know what you're doing.
Reply
georence
Nov 28, 2016 4:05am
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Base on my study, G/U heading south. As of the moment the sentiment is still heading north though. Chance of recovery is slim. This will materialize in 2-3 days.
Reply
Trader#8464
Nov 28, 2016 4:12am
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Quoting Guest
Just lost 66 pips ! Guys do you think there's a chance of recovery , should i wait it out?
Mate...you are wasting your time asking if anyone thinks theres a chance of the market doing anything..nobody knows what its going to next..i repeat nobody..the sooner you get out that mind set the sooner you can bank some dollar...develop your expectancy mindset
Reply
mrhurley1
Nov 28, 2016 4:22am
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why are you looking to go long?..becuase its come off quite a bit? I hope not
Reply
Trader#F1DD
Nov 28, 2016 7:22am
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you really should wait as long as possible in a losing trade

remember that axiom "let your losers run"

please follow this advice since I am on the opposite side and want to upgrade my holiday plans this year
Reply
Devauxt
Nov 28, 2016 7:47am
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Quoting helpmetrade
Using real money. I think im making every mistake possible.
The brokers are going to love you. Fresh meat
Reply
SickOfScam
Nov 28, 2016 8:22am — Edited
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Start crying when MF switch over 660 pips... 66 pips is just a joke...
Reply
Trader#9C28
Nov 28, 2016 8:45pm
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Is anyone here still using discretionary/manual style of trading? How can anyone make any $$ with all these algorithmic triggered whipsaws?? You guys must be getting stopped out all the time on both sides of the market...
Reply
SickOfScam
Nov 29, 2016 5:09am
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As I said - time to pick up some coins on the GA.
Reply
Trader#5B61
Nov 28, 2016 3:45am
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Just lost 66 pips ! Guys do you think there's a chance of recovery , should i wait it out?
Reply
Trader#CF93
Nov 28, 2016 4:00am
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they wanted to shoot the FTSE up.
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Trader#5B61
Nov 28, 2016 4:06am
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Lol your right i need a new hobby. Started out trading in june 2016. Never used a stop loss. I need a mentor !
Reply
Trader#18D6
Nov 28, 2016 4:06am
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GBP/USD break of 1.2300 otherwise it cannot yet consider for weakness. Supports are still holding from 1.2380 to 1.2350 at first. Have to wait & observe on the supports.
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Trader#B7AE
Nov 28, 2016 7:09am
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Trade what you see not what you think. Trading is a game of probability, not chance.
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Trader#240E
Nov 28, 2016 9:51pm
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Quite contrary, algos are dump, repetitive, herding and so predictive... BTW, 50p move in matter if minutes is not a whipsaw, is it...
Reply

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