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Cable Update (GBPUSD)

  • #144,881
  • Jul 9, 2009 1:50pm Jul 9, 2009 1:50pm
Quoting wormboy
And using the contradicting views from a forum as an indicator to trade is not? lol

http://www.forexfactory.com/showpost...stcount=144837

now .. where's that awesome ignore button . ...
wow why so harsh for such a simple thing? There were others saying the same thing why you single me out?
  • #144,882
  • Jul 9, 2009 1:50pm Jul 9, 2009 1:50pm
i hope she retraces back to 6200-6250 is good place for me to go long.

gtg brb in 30 mins.


Angelina.
  • #144,883
  • Jul 9, 2009 1:52pm Jul 9, 2009 1:52pm
Quoting Pak Tiger
Gotcha bro!! Definately SL is the way to go for any newbie and day trader like me whose new into forex. But i have heard the new NFA regulations are taking the SL and Limits out of it so that wont be good in any way. Maybe i wud switch to some non-US borker by then.

Thanks for your advice once again bro! Cheers!
well i am already using UK broker..but bro remmber SL is imp thing...i made a mistake like you and still facing it but i am hopeful will be out in 1-2 weeks but becareful about SL...trade fresh and with SL everytime...and always trade with trend...

have a good day

Ub
  • #144,884
  • Jul 9, 2009 1:54pm Jul 9, 2009 1:54pm
Quoting albchr
But..."you made 300 pips today"...right?


LOL...I wear glasses and my hindsight is 20/20 too....

Dam shame we can't make these charts run left to right sometimes huh?

nope never said i made 300 pips this week either. In fact I have lost 60k this week. the worst week ever for me in forex.

It will come back though that 60k and then some
  • #144,885
  • Jul 9, 2009 2:02pm Jul 9, 2009 2:02pm
Short @ 1.6354, SL @ 1.6393.
  • #144,886
  • Jul 9, 2009 2:02pm Jul 9, 2009 2:02pm
Quoting yakutatjack
nope never said i made 300 pips this week either. In fact I have lost 60k this week. the worst week ever for me in forex.

It will come back though that 60k and then some

My apologies about the 300 pips. My mistake in who posted that. I'll edit that part out. But I stand behind the rest.....

However, It would be good to see some charts and position stats as to those losses. That's a dam shame bro. 60k? You must be very rich!!
Ghost Rider - WWTBMD?
  • #144,887
  • Jul 9, 2009 2:06pm Jul 9, 2009 2:06pm
start to see some weekness on the candle 15m - 30m hope this is a start for a red candle on the hour
  • #144,888
  • Jul 9, 2009 2:10pm Jul 9, 2009 2:10pm
Quoting ganymedes
Short @ 1.6354, SL @ 1.6393.
what is your Tp bro???

Ub
  • #144,889
  • Jul 9, 2009 2:12pm Jul 9, 2009 2:12pm
Quoting Lejumeau
start to see some weekness on the candle 15m - 30m hope this is a start for a red candle on the hour

Yep moved to downtrend here also, although short yes, don't let this run against you cause it could be a trap and it'll ramp up shortly, ie 20mins from here normally.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #144,890
  • Jul 9, 2009 2:13pm Jul 9, 2009 2:13pm
When the new nfa rule comes into effect, can we still place stops and limits on an order?
  • #144,891
  • Jul 9, 2009 2:15pm Jul 9, 2009 2:15pm
Quoting jack.canadia
i was long last night from 6040 .. i closed because everyone and their mother screamed 5800 .....
Dude I had a long at 1.6035 and 1.603 last night and some bitch(so called professional forex trader) came on bloomberg(tv) at like 2:30am ET and said gbp/usd is going lower by a lot because of GBP printing more money. so i sold +5and look where its now.
  • #144,892
  • Jul 9, 2009 2:15pm Jul 9, 2009 2:15pm
Quoting Angelina
i hope she retraces back to 6200-6250 is good place for me to go long.

gtg brb in 30 mins.


Angelina.


Me too,

Unlucky, I missed the last train
and I will buy all my power if She gets back there again.
  • #144,893
  • Jul 9, 2009 2:16pm Jul 9, 2009 2:16pm
Quoting alex1976
When the new nfa rule comes into effect, can we still place stops and limits on an order?
There is nothing about limits or stop the NFA rule is about hedging position that need to be close by the end of the trading day.
  • #144,894
  • Jul 9, 2009 2:17pm Jul 9, 2009 2:17pm
yes there is it starts 8/1 look it up it called fifo
  • #144,895
  • Jul 9, 2009 2:17pm Jul 9, 2009 2:17pm
Quoting Lejumeau
There is nothing about limits or stop the NFA rule is about hedging position that need to be close by the end of the trading day.

Its Canada thats pulled Limits and Stops strangely.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #144,896
  • Jul 9, 2009 2:19pm Jul 9, 2009 2:19pm
Quoting albchr
My apologies about the 300 pips. My mistake in who posted that. I'll edit that part out. But I stand behind the rest.....

However, It would be good to see some charts and position stats as to those losses. That's a dam shame bro. 60k? You must be very rich!!

You want to see position stats on my losses lol. Just look at ej fall and that will show you where my losses are.
  • #144,897
  • Jul 9, 2009 2:21pm Jul 9, 2009 2:21pm
Quoting Turveyd
Its Canada thats pulled Limits and Stops strangely.
never heard such a thing it is probably rumors
  • #144,898
  • Jul 9, 2009 2:23pm Jul 9, 2009 2:23pm
Quoting Lejumeau
never heard such a thing it is probably rumors
its called fifo look it up thats what prevents sl and tp but u can have offsetting orders
  • #144,899
  • Jul 9, 2009 2:24pm Jul 9, 2009 2:24pm
can someone hit the buy order so this thing could start going down please
  • #144,900
  • Jul 9, 2009 2:27pm Jul 9, 2009 2:27pm
Quoting ubaidahsan
what is your Tp bro???

Ub
Not set.
But 1.6270 should be a likely short term target, if she starts moving down.
Would move SL to BE on < 1.6323 on this one.
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