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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #12,081
  • Aug 20, 2007 4:07pm Aug 20, 2007 4:07pm
How to accept Stop Stop loss on GBP/JPY
50 pips? 100 PIPS? or how much??
Please give me some PIPS
  • #12,082
  • Aug 20, 2007 4:08pm Aug 20, 2007 4:08pm
Quoting auslanco
I can see it down to 227.85.. (5sma 2hr)

LOL...... that's my S/L

arbitrarily....

tradinginadumpster
  • #12,083
  • Aug 20, 2007 4:10pm Aug 20, 2007 4:10pm
Quoting indo_trader
How to accept Stop Stop loss on GBP/JPY
50 pips? 100 PIPS? or how much??
depends on your money management, you risk %, your total open trade, and how confident you are about your trade!!
  • #12,084
  • Aug 20, 2007 4:13pm Aug 20, 2007 4:13pm
Anybody short thi spair at the moment?
I shorted at current level @228.3 for 200 pips drop .. sounds a bit too optimistic http://www.forexfactory.com/images/icons/icon10.gif Anybody with me? http://www.forexfactory.com/images/icons/icon7.gif
  • #12,085
  • Aug 20, 2007 4:16pm Aug 20, 2007 4:16pm
Quoting indo_trader
How to accept Stop Stop loss on GBP/JPY
50 pips? 100 PIPS? or how much??
up to 1 - 2% max of your account balance

on that basis, if you can't set 100 pips S/L then
you need to trade in micro's.

$1,000 account trading 1 micro (1/10 mini) will
allow ~100 pip stop loss.

hope that helps...


(anything less than 100 - 200 pip S/L is risky with this pair)
  • #12,086
  • Aug 20, 2007 4:17pm Aug 20, 2007 4:17pm
If you have a crystal ball please share with everyone, otherwise let the market tell you when to exit your short....
  • #12,087
  • Aug 20, 2007 4:19pm Aug 20, 2007 4:19pm
Quoting zoheir
depends on your money management, you risk %, your total open trade, and how confident you are about your trade!!
Examle I have 100$ I used margin 20%(20$)
How to create stop loss safe!

Please give me some PIPS
  • #12,088
  • Aug 20, 2007 4:21pm Aug 20, 2007 4:21pm
Quoting fourxtrader
up to 1 - 2% max of your account balance

on that basis, if you can't set 100 pips S/L then
you need to trade in micro's.

$1,000 account trading 1 micro (1/10 mini) will
allow ~100 pip stop loss.

hope that helps...


(anything less than 100 - 200 pip S/L is risky with this pair)
VERY2 Thank's for U For the tips!
I need people like you to help me!
Please give me some PIPS
  • #12,089
  • Aug 20, 2007 4:28pm Aug 20, 2007 4:28pm
Quoting moflow
Whats up AUS, KARM, MARCHAM

Been short since 229.00

Dont fight the trend boys....price trading under the 200 day average. Shorts only for this cowboy....!
Not necessarily my friend, since this is a "cowboy" it can just do what it pleases at any moment
  • #12,090
  • Aug 20, 2007 4:30pm Aug 20, 2007 4:30pm
Quoting moflow
Whats up AUS, KARM, MARCHAM

Been short since 229.00

Dont fight the trend boys....price trading under the 200 day average. Shorts only for this cowboy....!

the fact that the pair closed above the daily 5sma cannot be ignored though
  • #12,091
  • Aug 20, 2007 4:32pm Aug 20, 2007 4:32pm
Quoting mktjong
Anybody short this pair at the moment?
I shorted at current level @228.3 for 200 pips drop .. sounds a bit too optimistic http://www.forexfactory.com/images/icons/icon10.gif Anybody with me? http://www.forexfactory.com/images/icons/icon7.gif
Be careful, I might do the wrong decision here .. well ..let's see .. will pull the trigger if the trend is not going in my direction. I did it because there is a fibo resistance at 228.4 and MA is trending down on 5 minute TF. It's a bit risky trade ..not recommended for newbies.
  • #12,092
  • Aug 20, 2007 4:33pm Aug 20, 2007 4:33pm
Nice trading gentlemen, out with +300 $$$ for the day and time for Hold'em at the local joint. "Cheers, this Buds for all"
Good luck with the DRAGON boys....
  • #12,093
  • Edited 4:37pm Aug 20, 2007 4:36pm | Edited 4:37pm
All the small ma's are crashing together on the 4 hour chart. My experience has been that this signifies a period of ranging. Boring and tricky to trade. It'll go up at the end though. Those daily pin bars don't lie!
Gone to a better place
  • #12,094
  • Aug 20, 2007 4:38pm Aug 20, 2007 4:38pm
I'm still trying to think of what did I do wrong earlier... a mistake I guess

-100, part of the game
Trade what you see, not what you think.
  • #12,095
  • Aug 20, 2007 4:40pm Aug 20, 2007 4:40pm
Quoting moflow
Nice trading gentlemen, out with +300 $$$ for the day and time for Hold'em at the local joint. "Cheers, this Buds for all"
Good luck with the DRAGON boys....
hmmm so u were shorting 5-6 lots jut because the price was below the 200sma ... should look at doing this in the future.... enjoy the local joint
  • #12,096
  • Aug 20, 2007 4:42pm Aug 20, 2007 4:42pm
Quoting karmostaji
I'm still trying to think of what did I do wrong earlier... a mistake I guess

-100, part of the game
The "Evil eye" I would say
  • #12,097
  • Aug 20, 2007 4:43pm Aug 20, 2007 4:43pm
Quoting zoheir
The "Evil eye" I would say
my mind is not clear nor will be until Thursday till i get done with summer courses
Trade what you see, not what you think.
  • #12,098
  • Aug 20, 2007 4:45pm Aug 20, 2007 4:45pm
Quoting karmostaji
my mind is not clear nor will be until Thursday till i get done with summer courses
I know....stop pushing yourself to the limit, Thursday is around the corner bro, take it easy and come back at full throttle, now the priority is to say bye bye to AUD for good , so concentrate on that.
I'll pass by your place tomorrow and take your trading station until your done
  • #12,099
  • Aug 20, 2007 4:53pm Aug 20, 2007 4:53pm
Quoting karmostaji
I'm still trying to think of what did I do wrong earlier... a mistake I guess

-100, part of the game
so are you hedged or stopped? mine stopped with -80 pips
  • #12,100
  • Aug 20, 2007 4:54pm Aug 20, 2007 4:54pm
+300 PIPS

1st Trade at 6.14 PST 2 ST lots Manual stop at +250 PIPS

2nd Trade at 12:09 PST 2 ST Lots Stopped out at +50 PIPS
All trades are with 50 PIP S/L Once I reach 50 PIPS S/L is placed at break even. I scale down as the trade goes my direction (Discreationary).

Ok, wish me luck at the tables. Royal Flush pays $1800.00
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