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Cable Update (GBPUSD)

  • #141,901
  • Jul 1, 2009 9:35pm Jul 1, 2009 9:35pm
Quoting wormboy
Well it's bullshit. I wonder what funny ideas they'll think of next
Just dont leave a position open when you're not at the comp! use an sms alert service to text you when a price is crossed
  • #141,902
  • Jul 1, 2009 9:40pm Jul 1, 2009 9:40pm
the new nfa rule bout unable to modify SL and TP after you make the order is pure BULLSHIT!!!!

whose stupid idea is it? it kinda reduce your profit, and make you in a vulnerable position

i guess those nfa people want more people line up for those unemployement claims....
  • #141,903
  • Jul 1, 2009 9:41pm Jul 1, 2009 9:41pm
Quoting john123x
the new nfa rule bout unable to modify SL and TP after you make the order is pure BULLSHIT!!!!

whose stupid idea is it? it kinda reduce your profit margin by a lot.
or you could place the market order to buy or sell, write down you stop and limit on a piece of paper and execute it manually when it gets there
  • #141,904
  • Jul 1, 2009 9:43pm Jul 1, 2009 9:43pm
Quoting jack.canadia
Just dont leave a position open when you're not at the comp! use an sms alert service to text you when a price is crossed
That's a tough one to do - being at the pc all the time.
Dunno how to set that sms thingy too!
The only thing I can think of right now is to trade with a very low pip value ie 1-5usd/pip if without stoplosses!
Oh well, guess I'll just have to wait till next month to see what can be worked out.
Thank You
  • #141,905
  • Jul 1, 2009 9:45pm Jul 1, 2009 9:45pm
Quoting jack.canadia
nice little nose dive!
she will test 6435 as 38 fibo , yesterday ( in my time ) she hits 6534 then down ... If she breaks, 6385 will be a support if broken ... 6354 or 6345 is welcome

in uptrend, if she brokes 6500, she will try to break 6534 or 6543 with incoming TP1 at 6564 , TP2 at 6600 and TP 3 at 6713 ......... and the flying to the moon at 7270

6435 is a random number which is 38 % fibo

I know what i'm doing
  • #141,906
  • Jul 1, 2009 9:46pm Jul 1, 2009 9:46pm
Quoting jack.canadia
why! i like this! im glad my broker follows this (FXCM), the more regulated the broker is, the safer your money is!
lol..... yeah sure.... sorry Jack this made me smile.

The new rules are designed not for us but for the brokers some how.
Blogging daily now at www.volume.zone
  • #141,907
  • Jul 1, 2009 9:49pm Jul 1, 2009 9:49pm
Quoting malcolmb14
lol..... yeah sure.... sorry Jack this made me smile.

The new rules are designed not for us but for the brokers some how.
Sure .. if they trade against u and u forget to place a SL and realize you are deep in the hole the next time you are at the computer, then tough luck lol
  • #141,908
  • Jul 1, 2009 9:53pm Jul 1, 2009 9:53pm
Quoting 5abi
you can use buy/sell entry orders that will act as t/p and stop loss
Meaning that we will always have a position on?
Great Bodies are Engineered not Born
  • #141,909
  • Jul 1, 2009 9:55pm Jul 1, 2009 9:55pm
No. They explain like this":

Suppose you have 30 K GU Long
Put a T/P at 30 K SELL ENTRY

Moment your entry is triggered, your position is closed. However these 2 need to be balanced. If your entry order was say 40K then you would have a new 10K short position.

Quoting RichLadyFX
Meaning that we will always have a position on?
Its all in the mind.
  • #141,910
  • Jul 1, 2009 9:57pm Jul 1, 2009 9:57pm
as i posted before, leverage is next target.

Quoting wormboy
Well it's bullshit. I wonder what funny ideas they'll think of next
Its all in the mind.
  • #141,911
  • Jul 1, 2009 9:58pm Jul 1, 2009 9:58pm
many cant do that- I have positions open many many hours before they hit t/p or stopped out

Quoting jack.canadia
Just dont leave a position open when you're not at the comp! use an sms alert service to text you when a price is crossed
Its all in the mind.
  • #141,912
  • Jul 1, 2009 9:59pm Jul 1, 2009 9:59pm
Quoting 5abi
No. They explain like this":

Suppose you have 30 K GU Long
Put a T/P at 30 K SELL ENTRY

Moment your entry is triggered, your position is closed. However these 2 need to be balanced. If your entry order was say 40K then you would have a new 10K short position.
Entry means new position?
Great Bodies are Engineered not Born
  • #141,913
  • Jul 1, 2009 9:59pm Jul 1, 2009 9:59pm
Quoting wormboy
good morning.

"A major new NFA rule goes into effect after July 31, 2009 which affects all US regulated Forex Dealer Members. Forex traders will no longer have the ability to place stop-loss or limit orders. Nor will traders be able to modify or close trades from the Open Positions Window. As these features will be removed, all stop-loss and limit orders held on FXCM LLC accounts at the close of trading on July 31, 2009 will be deleted."

No stop loss in trading anymore? Did I misunderstood this?
where did u got that info wormie?, maybe they mean will eliminate sell stop and buy stop not ordinary stop loss.
Verily, in every difficulties there is relief
  • #141,914
  • Jul 1, 2009 10:02pm Jul 1, 2009 10:02pm
yes, but not really. See when you long GU, you buy and sell at the same time, a short means just the opposite so that cancels out.

It is just like the new hedge rules. The moment you open a short while you are long, it cancels your long orders.


Quoting RichLadyFX
Entry means new position?
Its all in the mind.
  • #141,915
  • Jul 1, 2009 10:03pm Jul 1, 2009 10:03pm
read last 50 posts and you will know we are talking about the "ordinary" stops they are gone dude,they are a goner lol

Quoting primzvicious
where did u got that info wormie?, maybe they mean will eliminate sell stop and buy stop not ordinary stop loss.
Its all in the mind.
  • #141,916
  • Jul 1, 2009 10:05pm Jul 1, 2009 10:05pm
Quoting primzvicious
where did u got that info wormie?, maybe they mean will eliminate sell stop and buy stop not ordinary stop loss.
It was in my platform's inbox when I woke up this morning.
Dunno what it means to others, all I know they just made it wee bit more difficult than it already is for me to make money lol.
Thank You
  • #141,917
  • Jul 1, 2009 10:05pm Jul 1, 2009 10:05pm
bbl
Its all in the mind.
  • #141,918
  • Jul 1, 2009 10:08pm Jul 1, 2009 10:08pm
Quoting 5abi
yes, but not really. See when you long GU, you buy and sell at the same time, a short means just the opposite so that cancels out.

It is just like the new hedge rules. The moment you open a short while you are long, it cancels your long orders.
Long will be cancelled and automatically you will have a short position? Sorry, quite confusing to me.
Great Bodies are Engineered not Born
  • #141,919
  • Jul 1, 2009 10:10pm Jul 1, 2009 10:10pm
Here's the link to the NFA rules.... I use FX Solutions right now and sadly they have posted no info as of yet about these changes. I had to find out from another trader with FXCM.


http://www.fxcm.com/lp3-nfa-fifo.jsp
Show me the PIPS!
  • #141,920
  • Jul 1, 2009 10:13pm Jul 1, 2009 10:13pm
Quoting wormboy
It was in my platform's inbox when I woke up this morning.
Dunno what it means to others, all I know they just made it wee bit more difficult than it already is for me to make money lol.

show off.....lol
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