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Cable Update (GBPUSD)

  • #69,301
  • Jun 5, 2008 9:15am Jun 5, 2008 9:15am
Quoting John Lo
i don't use s/l on my trade.. maybe i'm considered as risk taker and dumb trader... but please advise for GBPUSD, before close the gap, what is the possible swing it will be? and how many pips i should set my s/l?
hey man not to sound like an ass or anything
but it looks like ur trading is based on hope

however yes it looks like cable might reach 9650 tomorrow
but i advise u to always use s/l or at least hedge

all the best
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,302
  • Jun 5, 2008 9:15am Jun 5, 2008 9:15am
Quoting Carrera
Trading is 80% Emotional, 20% Technical
  • #69,303
  • Jun 5, 2008 9:16am Jun 5, 2008 9:16am
Quoting warta
hey moe , sal , navinn
hows ur trade ?
am out for today
+243 pips will see u tomorrow
load of pips to all of u guys, good luck
, t/p hit and im done for the week. tommorow should be intresting, it can make or break this range and start a brand new downtrend, if it goes up then were right back in the range so there only one way to break it and thats down, but remember that gap never got fill so thats something to consider.
If I Go Broke Trying Then I Will die happy.
  • #69,304
  • Jun 5, 2008 9:18am Jun 5, 2008 9:18am
Quoting salah k.
hey man not to sound like an ass or anything
but it looks like ur trading is based on hope

however yes it looks like cable might reach 9650 tomorrow
but i advise u to always use s/l or at least hedge

all the best
Hi Salah,
i just started to trade 3months ago. Kind of new... usually for s/l how many pips we should set?
Thanks.
  • #69,305
  • Jun 5, 2008 9:20am Jun 5, 2008 9:20am
Quoting Moe
my system is base on end of day data, open,high,low,close so untill i get that info i don't know, and i don't trust N.F.P. days anymore, so most like i will be sitting out the week.
fxlocal
If I Go Broke Trying Then I Will die happy.
  • #69,306
  • Jun 5, 2008 9:20am Jun 5, 2008 9:20am
Quoting Moe
stick to your system, you do have a t/p target?
I use many one and my last tp if price goes very up today is 1976* dont expect it to go today but my 1st tp 19617.
but do you think or do you think the gap will be closed this week?
p/s:gap will closed if you follow them you follow 81.9% but the time gap to closed is unknown maybe a day a week a month who knows (this what a book say)
  • #69,307
  • Jun 5, 2008 9:21am Jun 5, 2008 9:21am
Quoting Moe
fxlocal
ok cool
Trading is 80% Emotional, 20% Technical
  • #69,308
  • Jun 5, 2008 9:21am Jun 5, 2008 9:21am
sounds like some of you guys are stuck in a long above 9600, am i correct
If I Go Broke Trying Then I Will die happy.
  • #69,309
  • Jun 5, 2008 9:24am Jun 5, 2008 9:24am
Quoting Moe
sounds like some of you guys are stuck in a long above 9600, am i correct

yup..
i'm long @9645 yesterday..
hope can close this position by tomorrow..
  • #69,310
  • Jun 5, 2008 9:24am Jun 5, 2008 9:24am
Quoting Moe
sounds like some of you guys are stuck in a long above 9600, am i correct

hey moe i see possible swing to short U/J check out if u trade this pair
  • #69,311
  • Jun 5, 2008 9:25am Jun 5, 2008 9:25am
Quoting B@by trader
I use many one and my last tp if price goes very up today is 1976* dont expect it to go today but my 1st tp 19617.
but do you think or do you think the gap will be closed this week?
p/s:gap will closed if you follow them you follow 81.9% but the time gap to closed is unknown maybe a day a week a month who knows (this what a book say)
one thing for sure is that gap gots to get fill, it use to close within a day, now days it's closing later and later mabe because it was easy pips for traders, so the gap trading can be a trap these days, will it close this week it should i wound't bet my money on it.
If I Go Broke Trying Then I Will die happy.
  • #69,312
  • Jun 5, 2008 9:25am Jun 5, 2008 9:25am
Quoting John Lo
Hi Salah,
i just started to trade 3months ago. Kind of new... usually for s/l how many pips we should set?
Thanks.
it depends
but like today
for a buy put a s/l under 20 pips of the low of the day
that means at 9440
if u lose then 20 pips is better than 300 pips lost
if u win u can lock in or keep it running and increment ur s/l to break even.

i hope ur still on demo
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,313
  • Jun 5, 2008 9:26am Jun 5, 2008 9:26am
Quoting Moe
sounds like some of you guys are stuck in a long above 9600, am i correct
no way!! was stuck in long below 9500 but out now and euro, awaiting non crappy farms tomorrow, trichet was good today
Trading is 80% Emotional, 20% Technical
  • #69,314
  • Jun 5, 2008 9:27am Jun 5, 2008 9:27am
Quoting Moe
one thing for sure is that gap gots to get fill, it use to close within a day, now days it's closing later and later mabe because it was easy pips for traders, so the gap trading can be a trap these days, will it close this week it should i wound't bet my money on it.
there is still gap up near 2.0870 area i think, so not all gaps get filled....
Trading is 80% Emotional, 20% Technical
  • #69,315
  • Jun 5, 2008 9:27am Jun 5, 2008 9:27am
Quoting warta
hey moe i see possible swing to short U/J check out if u trade this pair
can't see nothing untill i get my data at E.O.D.
If I Go Broke Trying Then I Will die happy.
  • #69,316
  • Jun 5, 2008 9:29am Jun 5, 2008 9:29am
Quoting salah k.
it depends
but like today
for a buy put a s/l under 20 pips of the low of the day
that means at 9440
if u lose then 20 pips is better than 300 pips lost
if u win u can lock in or keep it running and increment ur s/l to break even.

i hope ur still on demo

cheers Sal

hope u r doing well
  • #69,317
  • Jun 5, 2008 9:32am Jun 5, 2008 9:32am
Quoting Carrera
we'll be waiting


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"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,318
  • Jun 5, 2008 9:32am Jun 5, 2008 9:32am
Quoting fx local
there is still gap up near 2.0870 area i think, so not all gaps get filled....
true, the % of gaps getting fill is pretty high, so your right not all gaps get fill, thats why i say i wound't bet my money on it, what we can see tommorow will shock a lot of traders, ex: gap don't get fill and drop to 9350 and that will wipe out the gap traders or the gap get fill and save a lot of heart attacks
If I Go Broke Trying Then I Will die happy.
  • #69,319
  • Jun 5, 2008 9:32am Jun 5, 2008 9:32am
Quoting tma_21
yup..
i'm long @9645 yesterday..
hope can close this position by tomorrow..
same here, we meet again
  • #69,320
  • Jun 5, 2008 9:33am Jun 5, 2008 9:33am
Quoting salah k.
it depends
but like today
for a buy put a s/l under 20 pips of the low of the day
that means at 9440
if u lose then 20 pips is better than 300 pips lost
if u win u can lock in or keep it running and increment ur s/l to break even.

i hope ur still on demo
Salah,
Thanks.. .. in demo account, i won.. but too bad, now the trade is in real account.. but hopefully i can gain back the loss. the way i trade is double the last lot size every 50pips... this is high risk and high gain.
thanks for your advise. i'll combine it.
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