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Cable Update (GBPUSD)

  • #151,641
  • Jul 28, 2009 12:18am Jul 28, 2009 12:18am
Quoting albchr
LOL...you and me both... Normally I get up 2:30AM for the London open but since it's been dead, I thought I'd try catching the tail end of the Asian session. Sadly, it doesn't appear much has happened there either...
Errr... WTF?!

I was just yawning!
A pip is only worth it if you know how much you risked to earn it
  • #151,642
  • Jul 28, 2009 12:19am Jul 28, 2009 12:19am
Quoting Gainmoney
Geez I open sell order at 1.6475. Any idea what should i do now?Im a newbie here. Or should i close my position or let it flow? My margin is high though.

Well that's entirely up to you. If you can stand the draw down, let it go a while and see if we get a bounce at 6500ish. If you can't better get out.

But in the future, you should always have entry, Sl, TP target(s) and exit figured out "before" you pull the trigger. A plan for each trade....
Ghost Rider - WWTBMD?
  • #151,643
  • Jul 28, 2009 12:20am Jul 28, 2009 12:20am
Quoting vlady1974
Errr... WTF?!

I was just yawning!

...and I was typing...

GOOD!!! Some movement to sell off of....
Ghost Rider - WWTBMD?
  • #151,644
  • Jul 28, 2009 12:23am Jul 28, 2009 12:23am
Morning all
  • #151,645
  • Jul 28, 2009 12:24am Jul 28, 2009 12:24am
Quoting stewrigh
Morning all
Morning (Steve is it?)....

I've just been calling you Stew....LOL
Ghost Rider - WWTBMD?
  • #151,646
  • Jul 28, 2009 12:25am Jul 28, 2009 12:25am
Quoting Gainmoney
Geez I open sell order at 1.6475. Any idea what should i do now?Im a newbie here. Or should i close my position or let it flow? My margin is high though.
you enter a trade and you don't know what to do
  • #151,647
  • Jul 28, 2009 12:29am Jul 28, 2009 12:29am
Quoting traderfx
you enter a trade and you don't know what to do
That's helpfull....

He's new, learning and was asking for help. Lets try to be kind...
Ghost Rider - WWTBMD?
  • #151,648
  • Jul 28, 2009 12:29am Jul 28, 2009 12:29am
Quoting albchr
...and I was typing...

GOOD!!! Some movement to sell off of....
I'm looking to straddle this beast up. Methinks she has legs til 6602, then I shall wait for her to curl up and ride down down down
A pip is only worth it if you know how much you risked to earn it
  • #151,649
  • Jul 28, 2009 12:32am Jul 28, 2009 12:32am
Quoting albchr
Morning (Steve is it?)....

I've just been calling you Stew....LOL

Yeah but my nickname is Stew
  • #151,650
  • Jul 28, 2009 12:33am Jul 28, 2009 12:33am
Quoting Gainmoney
Geez I open sell order at 1.6475. Any idea what should i do now?Im a newbie here. Or should i close my position or let it flow? My margin is high though.
To be safe u can close half of your position.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #151,651
  • Jul 28, 2009 12:33am Jul 28, 2009 12:33am
So is PA gonna be boring again today?
  • #151,652
  • Jul 28, 2009 12:35am Jul 28, 2009 12:35am
Quoting albchr
That's helpfull....

He's new, learning and was asking for help. Lets try to be kind...
ok so he's learning with live account and real money and making trades base on nothing. this is not how you learn
  • #151,653
  • Jul 28, 2009 12:37am Jul 28, 2009 12:37am
Quoting vlady1974
I'm looking to straddle this beast up. Methinks she has legs til 6602, then I shall wait for her to curl up and ride down down down

She may very well. I'm looking for a nice H&S at the 6550 level possibly. A close above 6600 I'm thinking long. Until then, I believe a nice fall is in the cards and have for some time now.

I know Stew is in favor of the uptrend...
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Ghost Rider - WWTBMD?
  • #151,654
  • Jul 28, 2009 12:39am Jul 28, 2009 12:39am
Quoting traderfx
ok so he's learning with live account and real money and making trades base on nothing. this is not how you learn
Ok ill just follow u guys suggestion or entry point first for a while. If it still doesnt work out im scared my margin will get burned T_T
  • #151,655
  • Jul 28, 2009 12:39am Jul 28, 2009 12:39am
Quoting traderfx
ok so he's learning with live account and real money and making trades base on nothing. this is not how you learn
Actually, you can learn like that. Most would rather not though as it tends to be an expensive way to learn.
Doh! I didn't mean to do that.
  • #151,656
  • Jul 28, 2009 12:40am Jul 28, 2009 12:40am
Quoting traderfx
ok so he's learning with live account and real money and making trades base on nothing. this is not how you learn
And your comment is not how you teach. If you're not gonna help, just remain quiet. I'm still learning to and I remember the frustration at times and how being laughed at made me feel.

Just a thought...
Ghost Rider - WWTBMD?
  • #151,657
  • Jul 28, 2009 12:41am Jul 28, 2009 12:41am
Quoting albchr
She may very well. I'm looking for a nice H&S at the 6550 level possibly. A close above 6600 I'm thinking long. Until then, I believe a nice fall is in the cards and have for some time now.

I know Stew is in favor of the uptrend...
Long @ 6526, TP @ 6556, SL -30.
Let's see how she plays... i can always intervene manually... with a slap, if I get slapped.
A pip is only worth it if you know how much you risked to earn it
  • #151,658
  • Jul 28, 2009 12:41am Jul 28, 2009 12:41am
Quoting stewrigh
So is PA gonna be boring again today?

I sure hope not buddy. I can't take another 15 hours of watching nothing...
Ghost Rider - WWTBMD?
  • #151,659
  • Jul 28, 2009 12:42am Jul 28, 2009 12:42am
Quoting Yngwie
To be safe u can close half of your position.
I recomend to close whole position.. my 4h closing in 20 min. If it closed above triangle then you dead.. my macd showing trend continueation..

there will be lot more opportunity to trade, so i wouldn't leave trade open in oposite direction when i see tsunami soon...

rest is up to you..

ps. if you took without plan, then close it, because you gambling.. if you had plan then keep it..

shaggy
  • #151,660
  • Jul 28, 2009 12:42am Jul 28, 2009 12:42am
Quoting vlady1974
Long @ 6526, TP @ 6556, SL -30.
Let's see how she plays... i can always intervene manually... with a slap, if I get slapped.

Good luck to you....
Ghost Rider - WWTBMD?
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