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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #1,561
  • Jul 1, 2009 11:29am Jul 1, 2009 11:29am
Quoting Infinity
Great Job Azim! Partial profit taking is the way to go! Why not set the remaining stop in profit though...? You can always reenter higher if your bias is still down... Let me know what you think bro! Good luck!

Hey ryan thanks bro
I can't set the remaining in +ve as I need price to close below 6470 before doing so. I saw the bounce earlier @6472, that's why I the usd10/pip worth trade and leaving the smaller usd3/pip trade out to work. I think i'll still end up with around usd200 if the remaining usd3/pip trade runs out & take out the unchanged stop. But you made a good point bro, it's just that I'd like to let this trade work longer if possible, hence the wide stop.

Cheers bro & good luck with your trade
Thank You
  • #1,562
  • Jul 1, 2009 9:00pm Jul 1, 2009 9:00pm
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."

Okay no stop loss? Seriously?
Did I misunderstood this?
Thank You
  • #1,563
  • Jul 1, 2009 10:45pm Jul 1, 2009 10:45pm
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."

Okay no stop loss? Seriously?
Did I misunderstood this?
Hi Azim yes it is true they send to me e-mail with a video it's just ridicules I am changing to fxcm uk and maybe will open with different broker,strange don't they see what they are doing to US brokers?
  • #1,564
  • Jul 2, 2009 1:17am Jul 2, 2009 1:17am
Quoting wormboy
Booked partial profit.

GBP USD

1. short @6532 closed @6486 (1.00)

Remaining.

GBP USD

1. short @6532 sl @6620 (0.3)

Remaining trade stop amended after previous price close below 6470.

GBP USD

1. short @6532 sl @6525 (0.3)

Good luck
Thank You
  • #1,565
  • Jul 2, 2009 2:46am Jul 2, 2009 2:46am
Quoting wormboy
Remaining trade stop amended after previous price close below 6470.

GBP USD

1. short @6532 sl @6525 (0.3)

Good luck
Stop amended.

GBP USD

1. short @6532 sl @6470 (0.3)
Thank You
  • #1,566
  • Jul 2, 2009 2:49am Jul 2, 2009 2:49am
Quoting wormboy
Booked partial trade & amended stop for the remaining trade.

GBP JPY

1. short @159.77 closed @158.96 (0.2)

Remaining position

GBP JPY

1. short @159.77 sl @159.65 (0.3)

Ok trade safe
Remaining stop amended.

GBP JPY

1. short @159.77 sl @159.35 (0.3)

Thank You
  • #1,567
  • Jul 2, 2009 2:53am Jul 2, 2009 2:53am
I see you ...
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Thank You
  • #1,568
  • Jul 2, 2009 3:59am Jul 2, 2009 3:59am
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."

Okay no stop loss? Seriously?
Did I misunderstood this?
I posted a query regarding the new regs at this post:
http://www.forexfactory.com/showthre...18#post2844718
Year of the Dragon Wise Choices-Good Fortune!
  • #1,569
  • Jul 2, 2009 7:44am Jul 2, 2009 7:44am
Ron: "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."
Ron: is this true with youall also?
Client Services 80: FXCM was talking about their own platform with this statement. Since we use MT4 we are still working on the programming on how this will affect your trading. The rule states that if there are two trades for the same lot size and same currency pair, that the first one placed must be the first one closed.
Ron: what about if they are different lotsizes
Client Services 80: Then you should be able to close them whenever.
Client Services 80: We will have a statement for our clients as soon as our programming is finished.
Ron: when is this expected
Client Services 80: The rule is set to take place on the 31st. So we are working to have a statement soon for our clients.
Ron: tnx
  • #1,570
  • Jul 2, 2009 7:47am Jul 2, 2009 7:47am
Quoting sofia101
Hi Azim yes it is true they send to me e-mail with a video it's just ridicules I am changing to fxcm uk and maybe will open with different broker,strange don't they see what they are doing to US brokers?
i have looked at UK, however they don't allow miniaccounts for US citizens.. unless i am mistaken.
If there is a way, would really appreciate knowing anything you wish to share.

also, if you can offer any other non-US brokers, would be appreciated.
  • #1,571
  • Jul 2, 2009 7:55am Jul 2, 2009 7:55am
Quoting wormboy
Remaining stop amended.

GBP JPY

1. short @159.77 sl @159.35 (0.3)

Remaining position stop amended.

GBP JPY

1. short @159.77 sl @159.00 (0.3)
Thank You
  • #1,572
  • Jul 2, 2009 8:33am Jul 2, 2009 8:33am
Quoting wormboy
Remaining position stop amended.

GBP JPY

1. short @159.77 sl @159.00 (0.3)
Stop amended.

GBP JPY

1. short @159.77 sl @158.75 (0.3)

DIVE!
Thank You
  • #1,573
  • Jul 2, 2009 8:40am Jul 2, 2009 8:40am
Quoting wormboy
Stop amended.

GBP JPY

1. short @159.77 sl @158.75 (0.3)

DIVE!
Congratulation.
Great Bodies are Engineered not Born
  • #1,574
  • Jul 2, 2009 8:56am Jul 2, 2009 8:56am
Quoting wormboy
Stop amended.

GBP JPY

1. short @159.77 sl @158.75 (0.3)

DIVE!

Stop amended ... again

GBP JPY

1. short 159.77 sl @158.25
Thank You
  • #1,575
  • Jul 2, 2009 8:57am Jul 2, 2009 8:57am
Quoting RichLadyFX
Congratulation.
Thank You
  • #1,576
  • Jul 2, 2009 9:01am Jul 2, 2009 9:01am
Great job with the trades Azim... excellent...
Patience + Discipline - Greed = Success
  • #1,577
  • Jul 2, 2009 9:51am Jul 2, 2009 9:51am
Quoting Infinity
Great job with the trades Azim... excellent...
Cheers bro thanks
Thank You
  • #1,578
  • Jul 3, 2009 3:09am Jul 3, 2009 3:09am
Quoting wormboy
Stop amended ... again

GBP JPY

1. short 159.77 sl @158.25
Stop amended.

GBP JPY

1. short @159.77 sl @158.10

Good luck
Thank You
  • #1,579
  • Jul 3, 2009 3:10am Jul 3, 2009 3:10am
Biggy still points south. Bias still down. A close around 6155 level before we head off to the big party would be nice
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Thank You
  • #1,580
  • Jul 3, 2009 5:37am Jul 3, 2009 5:37am
I see you ...
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Thank You
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