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Cable Update (GBPUSD)

  • #147,561
  • Jul 18, 2009 2:12pm Jul 18, 2009 2:12pm
Quoting nAVIN2007
trust me u dont want to do that....its a hurdle u should have IMHO..its the one time the news can scare the hell out of me
I always do it
Thank You
  • #147,562
  • Jul 18, 2009 2:16pm Jul 18, 2009 2:16pm
Quoting wormboy
I always do it
If I can get to BE or better, I wouldn't worry so much. But with the way I have to trade, I HAVE to be on the button all the time until then.

This would have been "just" doable Friday but too close for me. I ain't ashamed...LOL
Ghost Rider - WWTBMD?
  • #147,563
  • Jul 18, 2009 2:25pm Jul 18, 2009 2:25pm
Quoting albchr
If I can get to BE or better, I wouldn't worry so much. But with the way I have to trade, I HAVE to be on the button all the time until then.

This would have been "just" doable Friday but too close for me. I ain't ashamed...LOL
i said this a fair few times b4....even a BE trade in weekend is like having no stop loss, cause the friggin market gap gap over or under it and the stop wont get triggered unless its hit..as crazy as that may sound..
  • #147,564
  • Jul 18, 2009 2:27pm Jul 18, 2009 2:27pm
Quoting wormboy
I always do it
i need to learn to trade gaps..can be very profitable
  • #147,565
  • Jul 18, 2009 2:34pm Jul 18, 2009 2:34pm
Quoting nAVIN2007
i said this a fair few times b4....even a BE trade in weekend is like having no stop loss, cause the friggin market gap gap over or under it and the stop wont get triggered unless its hit..as crazy as that may sound..
I've seen this "gap" argument a bunch of times on the forums. My understanding is there is no actual gap. The market moves 24/7. You see a gap in your platform because it closes Friday and opens Sunday.

What I've always wondered is, because the broker is closed, does that mean that your stop order doesn't get processed? I'm thinking that's the case.

At any rate, I can't run small enough positions to have a 200/300 pip SL on a trade so holding over the weekend is a no go for me unless I'm so far in profit (200 or better) that I feel it won't go against me. Even then, I'd probably just close it out for cash. Always another opportunity to get back in....
Ghost Rider - WWTBMD?
  • #147,566
  • Edited 2:48pm Jul 18, 2009 2:36pm | Edited 2:48pm
Quoting albchr
If I can get to BE or better, I wouldn't worry so much. But with the way I have to trade, I HAVE to be on the button all the time until then.

This would have been "just" doable Friday but too close for me. I ain't ashamed...LOL
It has a lot to do with how one trades & how much risk one is exposing to be able to be confident about leaving the trade open over the weekend imho.
I suppose with the account size you are trading off, if one of the multiple shorts you placed was say between 1 usd/pip - 3 usd /pip, leaving it over the weekend after locking in at say be +10 wouldn't be much of an issue. But since you're placing multiple full lot trades, I can understand how you can be uncomfortable doing so
Thank You
  • #147,567
  • Jul 18, 2009 2:37pm Jul 18, 2009 2:37pm
Quoting albchr
What I've always wondered is, because the broker is closed, does that mean that your stop order doesn't get processed? I'm thinking that's the case.
i think thats exactly it..
  • #147,568
  • Jul 18, 2009 2:46pm Jul 18, 2009 2:46pm
Quoting nAVIN2007
i need to learn to trade gaps..can be very profitable
yup. gaps are usually relatively easy to trade off brother.
2-3 hours after the opening gap, if there's any form of reversal pattern, I'd just pick it up.
Thank You
  • #147,569
  • Jul 18, 2009 3:42pm Jul 18, 2009 3:42pm
Quoting nAVIN2007
i need to learn to trade gaps..can be very profitable
I am an expert in filling gaps, ask the girls I met so far
  • #147,570
  • Jul 18, 2009 4:56pm Jul 18, 2009 4:56pm
Quoting albchr

What I've always wondered is, because the broker is closed, does that mean that your stop order doesn't get processed? I'm thinking that's the case.
Yep, your stop is worthless when the broker is closed.... I found that out the hard way!
  • #147,571
  • Jul 18, 2009 5:23pm Jul 18, 2009 5:23pm
Leaving it on over the weekend, is 100% gambling as it's weekend news related.

But if you need something to feed your addiction over the weekend then I guess go for it
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #147,572
  • Jul 18, 2009 6:05pm Jul 18, 2009 6:05pm
Not if you have guaranteed stops.
  • #147,573
  • Jul 18, 2009 6:15pm Jul 18, 2009 6:15pm
Quoting forexlion
I am an expert in filling gaps, ask the girls I met so far
  • #147,574
  • Edited 9:31pm Jul 18, 2009 8:48pm | Edited 9:31pm
Quoting Turveyd
Leaving it on over the weekend, is 100% gambling as it's weekend news related.

But if you need something to feed your addiction over the weekend then I guess go for it
It's gambling when you are 100% clueless of what you're doing lol.
Thank You
  • #147,575
  • Jul 18, 2009 11:41pm Jul 18, 2009 11:41pm
Quoting wormboy
It's gambling when you are 100% clueless of what you're doing lol.
How about if you're 50% clueless?
Great Bodies are Engineered not Born
  • #147,576
  • Jul 18, 2009 11:49pm Jul 18, 2009 11:49pm
Quoting RichLadyFX
How about if you're 50% clueless?
Then it's half gambling ..
  • #147,577
  • Jul 19, 2009 2:15am Jul 19, 2009 2:15am
Quoting RichLadyFX
How about if you're 50% clueless?
thats a very good point
  • #147,578
  • Jul 19, 2009 2:44am Jul 19, 2009 2:44am
Quoting RichLadyFX
How about if you're 50% clueless?
Then stay out.

This is an excellent post :
http://www.forexfactory.com/showpost...2&postcount=80

Number 5 in that particular post is an example of how carrying trade over the weekend is not a gamble.
Thank You
  • #147,579
  • Jul 19, 2009 3:29am Jul 19, 2009 3:29am
Hey guys. I been in forex for about +/-2 years now and I was always checking out this forum and little by little learning small stuff. I just downloaded DeMark Trendline Indicator and didn't use it before and I would really appreciate someone who makes pips using this indicator help me a little where should I look at to know when to enter short or long. I been trading using support/resistance indicator before and make some pips once in a while. But very interested in this Indicator.
  • #147,580
  • Jul 19, 2009 3:44am Jul 19, 2009 3:44am
@ Wormboy linked post


He's not really the bookmaker if he's not a market maker.
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