..
1.60 should hold i think
1.60 should hold i think
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Cable Update (GBPUSD)
- #188,601
- Dec 21, 2009 5:04am Dec 21, 2009 5:04am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #188,602
- Dec 21, 2009 5:08am Dec 21, 2009 5:08am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
long at the long lower shadows..GM got it right in terms of bear weakness at these levels
good setup on euro at the moment for a few pips
wait for the high of the pin to break to enter..hopefully it will work out
, atm it's a bit uncertain about Cable. I'm trading very tight stops with 2,5XSL= TP. I'm going tight because it still looks in range to me both GU and GJ, I'll move my SL to BE at 146.0 on GJ
Anyway i love tight stops!
EDIT: SL moved to 145.80 (-10 pips max)
and hit. Waiting for a good setup to play, I'm flat now.
"Hate the sin, love the sinner." - Gandhi
- #188,603
- Dec 21, 2009 5:12am Dec 21, 2009 5:12am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You 
- #188,604
- Dec 21, 2009 5:16am Dec 21, 2009 5:16am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
"Hate the sin, love the sinner." - Gandhi
- #188,605
- Dec 21, 2009 5:17am Dec 21, 2009 5:17am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
"Hate the sin, love the sinner." - Gandhi
- #188,606
- Dec 21, 2009 5:19am Dec 21, 2009 5:19am
- | Joined Oct 2008 | Status: A witty saying proves nothing. | 1,178 Posts
Probability Professor
- #188,607
- Dec 21, 2009 5:22am Dec 21, 2009 5:22am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
I think one can only advise on what stop loss to use when one knows the specific strategy of the person you are advising. Position traders will have different stop losses to day traders. I could have a stop loss of 1000 pips and it still fit my strategy fine. One could have a stop loss of 50 pips and it wipe out 20% of a trading account.
Thanks for explaining bro.
"Hate the sin, love the sinner." - Gandhi
- #188,609
- Dec 21, 2009 5:22am Dec 21, 2009 5:22am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
Inverted my position, I'm selling GJ with sl at 145.89. Looks like 90 capped the up movement on GJ.
Good luck fellas and trade tight stops!
Update: 130 pips (10 days range average) room for down continuation on Cable, 150 for GJ
Volume coming in for Cable and GJ, be prepared.
"Hate the sin, love the sinner." - Gandhi
- #188,610
- Dec 21, 2009 5:32am Dec 21, 2009 5:32am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
Out with 0 profit, as I said volume came in with fast spike lol 
USDCAD best pair to trade atm, falling nice.
USDCAD best pair to trade atm, falling nice.
"Hate the sin, love the sinner." - Gandhi
- #188,613
- Dec 21, 2009 6:16am Dec 21, 2009 6:16am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
"Hate the sin, love the sinner." - Gandhi
- #188,616
- Dec 21, 2009 6:21am Dec 21, 2009 6:21am
- Joined Oct 2009 | Status: Trader | 1,342 Posts
with 47 pips target..how many pips your SL?
- #188,619
- Dec 21, 2009 6:25am Dec 21, 2009 6:25am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
Out with 0 profit, as I said volume came in with fast spike lol
USDCAD best pair to trade atm, falling nice.
"Hate the sin, love the sinner." - Gandhi