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Cable Update (GBPUSD)

  • #88,841
  • Sep 23, 2008 1:11am Sep 23, 2008 1:11am
Do you trade with stop losses or just really big ones?
Founder of Day Trading Forex Live
  • #88,842
  • Sep 23, 2008 1:12am Sep 23, 2008 1:12am
Quoting ddblue
-229 pips and counting. I went short at 1.8349.
I am not an expert but please read my private message
  • #88,843
  • Sep 23, 2008 1:12am Sep 23, 2008 1:12am
Quoting ddblue
-229 pips and counting. I went short at 1.8349.
no stop loss?
  • #88,844
  • Sep 23, 2008 1:14am Sep 23, 2008 1:14am
Don't really care for stop losses. I know there will be a tidal wave of negativity that will wash over me for saying that, but I just hate them. I tend to watch and stop manually.
Do you think the karate kid knows kung-fu?
  • #88,845
  • Sep 23, 2008 1:17am Sep 23, 2008 1:17am
Quoting ddblue
Don't really care for stop losses. I know there will be a tidal wave of negativity that will wash over me for saying that, but I just hate them. I tend to watch and stop manually.
if u can watch the market there is no reason to set a stop or limit,but don't get greedy(greed kills)
  • #88,846
  • Sep 23, 2008 1:17am Sep 23, 2008 1:17am
Quoting ddblue
Don't really care for stop losses. I know there will be a tidal wave of negativity that will wash over me for saying that, but I just hate them. I tend to watch and stop manually.
it is good t have SL..in mind buddy,,,even if ur not going to key in...
I do not want to take ur money...I will just prefer lsg's... HERE

Sometimes..it is good to have a loonie like him in forex trading...more prey....

All t best...

Sonic
  • #88,847
  • Sep 23, 2008 1:23am Sep 23, 2008 1:23am
Quoting torcuswelby
if u can watch the market there is no reason to set a stop or limit,but don't get greedy(greed kills)
Dom get on yahoo Im,Mike
  • #88,848
  • Sep 23, 2008 1:26am Sep 23, 2008 1:26am
Quoting sonicdeejay
it is good t have SL..in mind buddy,,,even if ur not going to key in...
I do not want to take ur money...I will just prefer lsg's... HERE

Sometimes..it is good to have a loonie like him in forex trading...more prey....

All t best...

Sonic
u are a germ to make a comment like that to dom who happens to be a wonderful guy
  • #88,849
  • Edited 1:57am Sep 23, 2008 1:46am | Edited 1:57am
Hey, it's not a huge deal - I've been making money on the way up (hooray for losing trades taking away your fear), and I was properly leveraged so I'm not breaking the bank. I'm just very stubborn and hate to let go of losing trades.

Anyway it's now at like -189 instead of the -230 it was at 20 minutes ago, so who knows?

edit: Ready, set, GO! British stock exchange opens now!
Do you think the karate kid knows kung-fu?
  • #88,850
  • Sep 23, 2008 2:02am Sep 23, 2008 2:02am
Quoting ddblue
Hey, it's not a huge deal - I've been making money on the way up (hooray for losing trades taking away your fear), and I was properly leveraged so I'm not breaking the bank. I'm just very stubborn and hate to let go of losing trades.

Anyway it's now at like -189 instead of the -230 it was at 20 minutes ago, so who knows?

edit: Ready, set, GO! British stock exchange opens now!
how many lots open???
When life gives you lemons, make lemonade
  • #88,851
  • Sep 23, 2008 2:03am Sep 23, 2008 2:03am
Quoting micho
how many lots open???
Sell, 1 mini lot. So $1 a pip.
And, I just got emotional and opened a buy, which may have been a mistake... so I'm sort of hedged. Same size.
Do you think the karate kid knows kung-fu?
  • #88,852
  • Sep 23, 2008 2:10am Sep 23, 2008 2:10am
0.1 pip is not scary


Quoting ddblue
Sell, 1 mini lot. So $1 a pip.
And, I just got emotional and opened a buy, which may have been a mistake... so I'm sort of hedged. Same size.
When life gives you lemons, make lemonade
  • #88,853
  • Sep 23, 2008 2:17am Sep 23, 2008 2:17am
I still short, entry 1,8566
Lot size 0.20

30Min Chart
Attached Image (click to enlarge)
Click to Enlarge Name: 30min.gif Size: 15 KB
  • #88,854
  • Sep 23, 2008 2:17am Sep 23, 2008 2:17am
Short at 1.8516
  • #88,855
  • Sep 23, 2008 2:22am Sep 23, 2008 2:22am
Quoting micho
0.1 pip is not scary
Depends on your capital
Do you think the karate kid knows kung-fu?
  • #88,856
  • Sep 23, 2008 2:31am Sep 23, 2008 2:31am
still long from yesterday. not trading by technical atm. pure news & fundamentals. this cross still has a long way to go. buying usd these days should only be to scalp some retracements pips.
  • #88,857
  • Sep 23, 2008 2:32am Sep 23, 2008 2:32am
Quoting ddblue
Depends on your capital
true.
would not dream of opening an account with less than $500 at $0.1/pip. that is the absolute minimum
Twitter: @forexpokerpro
  • #88,858
  • Sep 23, 2008 3:20am Sep 23, 2008 3:20am
Buy t/p'd, still stuck with losing sell, currently at -177.
Do you think the karate kid knows kung-fu?
  • #88,859
  • Sep 23, 2008 4:10am Sep 23, 2008 4:10am
hi guys.

nice retrace already happened & the trend will back to
rule the price direction.

here is my chart describe trend direction as everyone know the trend are down big time.


i posted here the daily and weekly chart and we all know how the weekly chart is powerful to anticipate the trend direction.
and as you see no sign of trend reversal all my charts screeming (SHORT) from time ago.
& every time a retrace happen the price fall again like a rock.
so only to be in the safe side i have to trade with the trend .

the red arrows in my posts describe my forecasting targets
have a good trade parteners.
Attached Image(s) (click to enlarge)
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  • #88,860
  • Sep 23, 2008 4:18am Sep 23, 2008 4:18am
Hi ,

What Amount of Pips Do You Guys [FONT='Calibri','sans-serif']Average a day on GBPUSD and How Many Trades Do you Do ?[/font]
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