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Cable Update (GBPUSD)

  • #129,821
  • Apr 17, 2009 3:05pm Apr 17, 2009 3:05pm
Quoting zykas
All your trade have been activated . You are more than -160 pips on one buy. Its not so good. Secondly this is weekend and if price gap down , thats more problem. I do not know your margin. I tell you its precarious.
with the 2 sell trades down I will keep my margin carrying 160 pip and will not change whatever the direction is as I have to buys and 2 sells. I can close 1 of the 2 buy trades if its sure down trend not going up.
  • #129,822
  • Apr 17, 2009 3:19pm Apr 17, 2009 3:19pm
Quoting MantaRedSea
with the 2 sell trades down I will keep my margin carrying 160 pip and will not change whatever the direction is as I have to buys and 2 sells. I can close 1 of the 2 buy trades if its sure down trend not going up.

You know the FSA in America are stopping all Hedging on USA based brokers don't you, that could ruin your trading be warned.

If you move to a foriegn broke ie FXCM UK then you'll be fine though
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #129,823
  • Apr 17, 2009 3:20pm Apr 17, 2009 3:20pm
Quoting MantaRedSea
problem is nobody can say whats the next direction during the next hour
Correct, not many can see that, all you can see is the current direction on as small a TF as you can and hope it doesn't change for abit. So 15mins.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #129,824
  • Apr 17, 2009 3:32pm Apr 17, 2009 3:32pm
Quoting Turveyd
You know the FSA in America are stopping all Hedging on USA based brokers don't you, that could ruin your trading be warned.

If you move to a foriegn broke ie FXCM UK then you'll be fine though
Sorry , don't know what's this? I'm working with American Co. (FXSol)
  • #129,825
  • Apr 17, 2009 3:39pm Apr 17, 2009 3:39pm
Quoting MantaRedSea
Sorry , don't know what's this? I'm working with American Co. (FXSol)
Can I kindly give you some advice and recommend you go to babypips.com and go through all their steps and also study about candlestick patterns. I wish you the best in your journey and don't want to see you become a statistic. You placed your buy orders at the top and even more important, you didn't have a stop loss in place. You have to be willing to take a loss on a position just as much as your willing to take profit. But to blindly take a position without knowing your risk is not good.

Trade well!
EO
Just digging in the trenches like everyone else!
  • #129,826
  • Apr 17, 2009 3:40pm Apr 17, 2009 3:40pm
Quoting Turveyd
Correct, not many can see that, all you can see is the current direction on as small a TF as you can and hope it doesn't change for abit. So 15mins.
What's up bro? Haven't see you in a while. I hope all is good for you!
Just digging in the trenches like everyone else!
  • #129,827
  • Apr 17, 2009 4:40pm Apr 17, 2009 4:40pm
Quoting MantaRedSea
Sorry , don't know what's this? I'm working with American Co. (FXSol)
Never.... never... (have i said never?....) add over a loser....
Cut losses, or take profit.... no hedge. no hope...

Wish u the best!
  • #129,828
  • Apr 17, 2009 5:59pm Apr 17, 2009 5:59pm
[quote=errich fx;2676025]
Quoting errich fx
You can use this level if price going down today, and remember yesterday 1,4760 is the strong resistance, now this level become strong support,

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102 pips today from my history level ,
67 pips from follow trend bearish
+ free 35 pips from strong support.

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History level GBPUSD
take another long at 760 in the last market hours, and get free money again ( +30 pips ) from strong support.

Attached Image (click to enlarge)
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History Level GBPUSD
  • #129,829
  • Apr 19, 2009 1:40am Apr 19, 2009 1:40am
[quote=errich fx;2677316]
Quoting errich fx

take another long at 760 in the last market hours, and get free money again ( +30 pips ) from strong support.

Attachment

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History Level GBPUSD
Hey, could you possibly post these levels on Sunday so we have a heads up on them for the week?

Looks good. Support/resistance but its always to have a second view of the markets!

Thanks,

Jack
  • #129,830
  • Apr 19, 2009 5:08am Apr 19, 2009 5:08am
Quoting Turveyd
You know the FSA in America are stopping all Hedging on USA based brokers don't you, that could ruin your trading be warned.

If you move to a foriegn broke ie FXCM UK then you'll be fine though
Hi,

This has been widely reported on FF over the last few days but does anyone know why they're doing it.

What problem is it going to solve exactly??
  • #129,831
  • Apr 19, 2009 8:49am Apr 19, 2009 8:49am
Quoting stewrigh
Hi,

This has been widely reported on FF over the last few days but does anyone know why they're doing it.

What problem is it going to solve exactly??
Maybe just follow a little guide from islamic rule trading.. This now day many broker provide islamic FX that remove a hedging and midnight interest. anyway hedging is not good for currency itself.. This is mention by my arab friend... And I don't know so much becoz i'm not from arab...
Never look for past.. always beyond the boundary
  • #129,832
  • Apr 19, 2009 9:39am Apr 19, 2009 9:39am
Quoting hardaez
Maybe just follow a little guide from islamic rule trading.. This now day many broker provide islamic FX that remove a hedging and midnight interest. anyway hedging is not good for currency itself.. This is mention by my arab friend... And I don't know so much becoz i'm not from arab...
Why hedging is bad ? i use hedging all the time and i see it very good .
imagine you are long from 1.35 and want to tp at 1.5 , you could have opened short at 1.49 in the first drop. and closed it at 1.36 then wait for the second strike to hit 1.5.
removing hedging is like telling to everybody : Play long term or get out.
because it will be impossible to scalp while you have a position.
  • #129,833
  • Apr 19, 2009 11:09am Apr 19, 2009 11:09am
Quoting Terminale
Why hedging is bad ? i use hedging all the time and i see it very good .
imagine you are long from 1.35 and want to tp at 1.5 , you could have opened short at 1.49 in the first drop. and closed it at 1.36 then wait for the second strike to hit 1.5.
removing hedging is like telling to everybody : Play long term or get out.
because it will be impossible to scalp while you have a position.

It's maybe good for you but it bad for currency. You may try ask arab people hopefully they can explain to you ( i think arab may have the answer because in islamicfx, they don't allow hedging the fund, anyway if there is no effect to currency when we hedging, so why they stop hedging...
Never look for past.. always beyond the boundary
  • #129,834
  • Apr 19, 2009 4:55pm Apr 19, 2009 4:55pm
Market: Gbp/Usd
Current Price: 1,4800
Direction: Long
Order Type: Market
Price:
Stop Loss: 1,4400
Profit Target:1,6400

SL to breakeven at 1,5300
  • #129,835
  • Apr 19, 2009 7:23pm Apr 19, 2009 7:23pm
Quoting MantaRedSea
Guys, I had 2 buy trades at 1.4970 and 1.4950 before 2 days still open.
then I made 2 sell trades at 1.4770 and 1.4775 to avoid the margin call if went down. anybody can advice?
hard week, huh?
Guys , anybody can tell me where I can put the TP for the 2 sell trades?
Do I put it 1.4515 or higher? I need to pass this bad situation.
  • #129,836
  • Apr 19, 2009 7:23pm Apr 19, 2009 7:23pm
Hi guy's
760 still become a strong support, it's already test 3 times on this level,

Attached Image (click to enlarge)
Click to Enlarge Name: forex.GIF Size: 14 KB



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History Level GBPUSD
  • #129,837
  • Apr 19, 2009 7:42pm Apr 19, 2009 7:42pm
No Longer. Where do you see the next support level?

TIA.

Risk
  • #129,838
  • Apr 19, 2009 7:51pm Apr 19, 2009 7:51pm
Quoting riskmgr
No Longer. Where do you see the next support level?

TIA.

Risk
guys , do the next support 1.4600?
  • #129,839
  • Apr 19, 2009 8:00pm Apr 19, 2009 8:00pm
Quoting MantaRedSea
guys , do the next support 1.4600?
Depends on T/F you are using there is support at 146.600 area.
  • #129,840
  • Apr 19, 2009 8:00pm Apr 19, 2009 8:00pm
4580/4605

We havent cleared 4560 ... its more like 4530/60

Support and resistance are more like zones than just lines in the sand ...
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