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Cable Update (GBPUSD)

  • #169,801
  • Sep 27, 2009 6:47pm Sep 27, 2009 6:47pm
well we could go back up.. i think we bounced off 5800 even price didnt touch it
Pation is the Holy Grail
  • #169,802
  • Sep 27, 2009 7:07pm Sep 27, 2009 7:07pm
It looks like we will see 1.5900 before any further falling. That is if we come back down...

Que
Que
  • #169,803
  • Sep 27, 2009 7:08pm Sep 27, 2009 7:08pm
Japan is not happy with missing that move heh.
Que
  • #169,804
  • Sep 27, 2009 7:10pm Sep 27, 2009 7:10pm
Quoting Que
It looks like we will see 1.5900 before any further falling. That is if we come back down...

Que
i went short at 5851 and i am 30 pips in red now.. could you give me any advice where to put my SL?
Pation is the Holy Grail
  • #169,805
  • Sep 27, 2009 7:11pm Sep 27, 2009 7:11pm
Hold it
coming down a bit
Que
  • #169,806
  • Sep 27, 2009 7:12pm Sep 27, 2009 7:12pm
Hit 50% ret, now Japan wants in on some of the action. How much, dono. move stop to BE when you are ~20 +


Quoting CzechTrade
i went short at 5851 and i am 30 pips in red now.. could you give me any advice where to put my SL?
Que
  • #169,807
  • Sep 27, 2009 7:16pm Sep 27, 2009 7:16pm
How is it possible to trade without knowing your stop Before entering a trade...

I could not possibly tell you where to place your stop after the trade was opened. I could say 50 pips, but 50 pips my be 30% of your account. Basically I can not advise on where to place a stop. Place it in a location that limits your risk. Optimally 1.5905 - 1.5910 would be good for this move given the spread. But, again, I have no Idea how large your position was.

If it goes positive (I think it will), move stop to BE as soon as it hits 15-20 pips. You are probably in a bad trade MM wise.

Que


Quoting CzechTrade
i went short at 5851 and i am 30 pips in red now.. could you give me any advice where to put my SL?
Que
  • #169,808
  • Sep 27, 2009 7:17pm Sep 27, 2009 7:17pm
Quoting Que
How is it possible to trade without knowing your stop Before entering a trade...

I could not possibly tell you where to place your stop after the trade was opened. I could say 50 pips, but 50 pips my be 30% of your account. Basically I can not advise on where to place a stop. Place it in a location that limits your risk. Optimally 1.5905 - 1.5910 would be good for this move given the spread. But, again, I have no Idea how large your position was.

If it goes positive (I think it will), move stop to BE as soon as it hits 15-20 pips. You are...
yea i know i just wasnt pation.. well thank you anyway
Pation is the Holy Grail
  • #169,809
  • Sep 27, 2009 7:22pm Sep 27, 2009 7:22pm
Quoting Que
Hit 50% ret, now Japan wants in on some of the action. How much, dono. move stop to BE when you are ~20 +
Que when you say 50% retracement are you talking about 1hr candle top of 1.5966 ot low of 1.5849
  • #169,810
  • Sep 27, 2009 7:24pm Sep 27, 2009 7:24pm
Hi guys, I am new to this thread and forex. What is the resonable margin when I trade. I am currently trading with fxcm. I just opened the account . Their default margin is ,
CURRENT Margin Requirement:

FXCM UK 0.50% + Roll per 1 lot traded.


But they have 2 other options that I can change to,

1%+roll per 1 lot traded
2%+roll per 1 lot traded

Please any advise higly appreciated
  • #169,811
  • Sep 27, 2009 7:31pm Sep 27, 2009 7:31pm
Fib:
High: 1.5964
Low: 1.5814

That is what I am talking about.

Que

Quoting Savage
Que when you say 50% retracement are you talking about 1hr candle top of 1.5966 ot low of 1.5849
Que
  • #169,812
  • Sep 27, 2009 7:32pm Sep 27, 2009 7:32pm
Quoting Savage
Que when you say 50% retracement are you talking about 1hr candle top of 1.5966 ot low of 1.5849

that's why in the next 30 minutes will go down..
LOL
  • #169,813
  • Sep 27, 2009 7:34pm Sep 27, 2009 7:34pm
guys does anybody of you know some good practise to make you chill while you re trading? you know how to just get all the stress out of your mind and chill out..
Pation is the Holy Grail
  • #169,814
  • Sep 27, 2009 7:35pm Sep 27, 2009 7:35pm
Porn?

Quoting CzechTrade
guys does anybody of you know some good practise to make you chill while you re trading? you know how to just get all the stress out of your mind and chill out..
Que
  • #169,815
  • Sep 27, 2009 7:36pm Sep 27, 2009 7:36pm
Quoting Que
Porn?
you re funny man.. i watch it sometimes ;-) cause i am a 17 year old teen ;-)
Pation is the Holy Grail
  • #169,816
  • Sep 27, 2009 7:37pm Sep 27, 2009 7:37pm
Quoting CzechTrade
guys does anybody of you know some good practise to make you chill while you re trading? you know how to just get all the stress out of your mind and chill out..
Follow Money Management Rules was the best stress reliever I found
  • #169,817
  • Sep 27, 2009 7:37pm Sep 27, 2009 7:37pm
Well before you go surfing the latest and greatest. You should move stop to BE. This is just my official recommendation as I think you are not in a smart trade MM wise.

Que

Quoting CzechTrade
you re funny man.. i watch it sometimes ;-) cause i am a 17 year old teen ;-)
Que
  • #169,818
  • Sep 27, 2009 7:38pm Sep 27, 2009 7:38pm
Quoting Que
Well before you go surfing the latest and greatest. You should move stop to BE. This is just my official recommendation as I think you are not in a smart trade MM wise.

Que
yea i did move it to BE and my TP is 5813 :-)
Pation is the Holy Grail
  • #169,819
  • Sep 27, 2009 7:42pm Sep 27, 2009 7:42pm
Cool.

Quoting CzechTrade
yea i did move it to BE and my TP is 5813 :-)
Que
  • #169,820
  • Sep 27, 2009 7:43pm Sep 27, 2009 7:43pm
Quoting CzechTrade
yea i did move it to BE and my TP is 5813 :-)
yeaaa.. tp reached :-) thank you que that you replied to my help post cause you gave me confidence and i didnt close the trade.. and now i go to bed bc here in czech is 2:43 in the morning.. good night fellas and wish MANY MANY PIPS TO ALL YOU YA :-)
Pation is the Holy Grail
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