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Cable Update (GBPUSD)

  • #158,441
  • Aug 17, 2009 11:19am Aug 17, 2009 11:19am
Quoting Ilovefx
Which tool do you use for scalp?
This one:



http://www.old-picture.com/indians/p...n-Tomahawk.jpg
  • #158,442
  • Aug 17, 2009 11:27am Aug 17, 2009 11:27am
Quoting allserene
This one:



http://www.old-picture.com/indians/p...n-Tomahawk.jpg
Very good, and to catch pips, sure you use this then?

http://www.pillow-fight.eu/wp-conten...ight_Catch.jpg
If you resist at heart attack, you will be rich from trading.
  • #158,443
  • Aug 17, 2009 11:28am Aug 17, 2009 11:28am
Quoting allserene
This one:



http://www.old-picture.com/indians/p...n-Tomahawk.jpg
WOW nice tool bro. I will try to see if I can buy one on ebay .
You've got to be IN IT to WIN IT!
  • #158,444
  • Aug 17, 2009 11:34am Aug 17, 2009 11:34am
Quoting Ifty
WOW nice tool bro. I will try to see if I can buy one on ebay .
My neighbours are American Indians and they were chanting and banging a drum and whooping and trilling their tongues all Sunday. Most inconsiderate but I suppose they were here first

Luckily I have double glazing. I didnt say anything as I didn't want the scalping to start until London opens

anyway my trailing stop is still trailing, so perhaps we might get a real boost soon !

I am having a nice time so far
  • #158,445
  • Aug 17, 2009 11:59am Aug 17, 2009 11:59am
It got my manual trailing stop right to the pip as it alway does and as I knew it would before it went back up

Still well up but I know a fix when I see one

Finger on the mouse is the best stop policy
  • #158,446
  • Aug 17, 2009 12:03pm Aug 17, 2009 12:03pm
I'm scalping using Support resistance level and sometimes FIB. TP is programmed but if i feel it does not want to go on, i get out. Some pips are always good for the account.
If you resist at heart attack, you will be rich from trading.
  • #158,447
  • Aug 17, 2009 12:06pm Aug 17, 2009 12:06pm
In few times, i will stop scalping. Spread become higher and higher
If you resist at heart attack, you will be rich from trading.
  • #158,448
  • Aug 17, 2009 12:18pm Aug 17, 2009 12:18pm
Quoting Ilovefx
In few times, i will stop scalping. Spread become higher and higher

OANDA is 1.8 pips cable and 0.9 Euro
  • #158,449
  • Aug 17, 2009 12:18pm Aug 17, 2009 12:18pm
Quoting Ilovefx
In few times, i will stop scalping. Spread become higher and higher
I think scapling is very dangerous. In my opinion, it is very safe to open a small order and take it for long run, because GBP/USD always moves very quickly, you can still earn a lot money with small order.
  • #158,450
  • Aug 17, 2009 12:20pm Aug 17, 2009 12:20pm
Quoting allserene
oanda is 1.8 pips cable and 0.9 euro
fxpro gu 2 eu 1.6 gy 6
If you resist at heart attack, you will be rich from trading.
  • #158,451
  • Aug 17, 2009 12:21pm Aug 17, 2009 12:21pm
Quoting Yuchen
I think scapling is very dangerous. In my opinion, it is very safe to open a small order and take it for long run, because GBP/USD always moves very quickly, you can still earn a lot money with small order.
Scalping with GY, 4 lots a time.
If you resist at heart attack, you will be rich from trading.
  • #158,452
  • Aug 17, 2009 12:22pm Aug 17, 2009 12:22pm
Quoting Ilovefx
Scalping with GY, 4 lots a time.
SL always here, in case of sudden news.
If you resist at heart attack, you will be rich from trading.
  • #158,453
  • Aug 17, 2009 12:23pm Aug 17, 2009 12:23pm
allsirene,

Don't you think we are in ascending wedge in GY?
If you resist at heart attack, you will be rich from trading.
  • #158,454
  • Aug 17, 2009 12:24pm Aug 17, 2009 12:24pm
Quoting Ilovefx
Scalping with GY, 4 lots a time.
I think GY means GBP/JPY, that is the fastest price changing pair i think. I sucks at trading that pair. 4 lots is a lot in my opinion, you are so brave dude !! Good luck when you scapling with GY, and be careful.
  • #158,455
  • Aug 17, 2009 12:31pm Aug 17, 2009 12:31pm
Quoting Yuchen
I think GY means GBP/JPY, that is the fastest price changing pair i think. I sucks at trading that pair. 4 lots is a lot in my opinion, you are so brave dude !! Good luck when you scapling with GY, and be careful.
It's ok don't worry, some good pips for half an hour. It's one of the pair with highest volatility. That's why i like it.
If you resist at heart attack, you will be rich from trading.
  • #158,456
  • Aug 17, 2009 12:34pm Aug 17, 2009 12:34pm
Quoting Ilovefx
It's ok don't worry, some good pips for half an hour. It's one of the pair with highest volatility. That's why i like it.
Yes it is crazy. When the non-farm news released or some other big significant news like interest rate, etc. If the actua result is way different from the predicted, GY will change 200-300 pips in a few seconds, lol !!! I guess you always trade with big news,do you ??
  • #158,457
  • Aug 17, 2009 12:42pm Aug 17, 2009 12:42pm
Quoting Ilovefx
It's ok don't worry, some good pips for half an hour. It's one of the pair with highest volatility. That's why i like it.

looks like its going to cruse ?????????? is it ?
  • #158,458
  • Aug 17, 2009 12:48pm Aug 17, 2009 12:48pm
Quoting Yuchen
Yes it is crazy. When the non-farm news released or some other big significant news like interest rate, etc. If the actua result is way different from the predicted, GY will change 200-300 pips in a few seconds, lol !!! I guess you always trade with big news,do you ??
Always with programmed tight SL + large TP, and never all my money in the same account. Scalping is away from news like now (big or not) or suspect something to declare from Trichet, Ben Bernanke, Geitner..etc. If with all that, something happens it will take the direction of SL or I will unlock TP to let profit run.
http://www.forexfactory.com/calendar.php
If you resist at heart attack, you will be rich from trading.
  • #158,459
  • Aug 17, 2009 12:50pm Aug 17, 2009 12:50pm
Quoting Yuchen
I think scapling is very dangerous. In my opinion, it is very safe to open a small order and take it for long run, because GBP/USD always moves very quickly, you can still earn a lot money with small order.
If you can earn a lot then you can lose a lot

With a long term position you have to set a wide stop loss so the risk increases

Both short term and long term have their uses in different environments

I wish there was an alternative but I haven't found one yet
  • #158,460
  • Aug 17, 2009 12:53pm Aug 17, 2009 12:53pm
Quoting allserene
If you can earn a lot then you can lose a lot

With a long term position you have to set a wide stop loss so the risk increases

Both short term and long term have their uses in different environments

I wish there was an alternative but I haven't found one yet
If it can help you:

http://www.musee-rodin.fr/images/res...es/penseur.jpg
If you resist at heart attack, you will be rich from trading.
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