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Chankl78
Cable Update (GBPUSD)
- #207,263
- Mar 18, 2010 4:31am Mar 18, 2010 4:31am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #207,265
- Mar 18, 2010 4:32am Mar 18, 2010 4:32am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
Now thats dangerous talk there...I like it!
In reality the news can always spike around a bit so a tight stop can ultimately kill a good trade, not always does it shoot off like a rocket in one direction for 100 pips without enough time for me to hit the close button before my stop is taken out! haha!
@pawpaw1000 on Twitter
and may be you entre not at the good moment but too early?
i just made the same mistake before it start down my sl was 1.5317 and reached 1.5319 else i made 30 pips; forex life. i was 20 minuts too earlier
an other idea is to open a new reverse order on your SL and when come back to your SL you can close this order and follow your first sentiment. (you will only lose your spread if your first sentiment is ok)
for example to be clear :
order #1 is Sell at 1.5282 with SL 1.5305 and TP 1.5260
but the value go up then you put your SL to 0 (nothing)
and in place of you place a pending Buy order #2 at 1.5305 (the sl for #1) with SL=0 (nothing) and TP=0(nothing).
then value still go up (bad luck ) but your lose profit is stop.
- And when the value come back you close the order #2 at the break heaven (just lose the spread) .
then just have wait to take the TP from order #1 (if your sentiment was good)
- else if never come back if you close the order #1 and 2 then you will lose your first sl+spread
i have to precise , i'm new in forex then if old forex people can comment this tactique. And tell me if this good one or not to use every time or dangerous
thks for replys
- #207,269
- Mar 18, 2010 4:35am Mar 18, 2010 4:35am
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- #207,270
- Mar 18, 2010 4:35am Mar 18, 2010 4:35am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #207,272
- Mar 18, 2010 4:37am Mar 18, 2010 4:37am
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #207,273
- Mar 18, 2010 4:38am Mar 18, 2010 4:38am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #207,274
- Mar 18, 2010 4:40am Mar 18, 2010 4:40am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)
- #207,276
- Mar 18, 2010 4:41am Mar 18, 2010 4:41am
- | Joined Aug 2006 | Status: Terrapin Pipper | 1,186 Posts
Come on Girl!
Stand a little Taller...
!
-We tested "40", and she held right?
Now it's time for 1.5400 Eh?-!
Who knows...!
Best of Pipping,
You all,
Jeff
Stand a little Taller...
!-We tested "40", and she held right?
Now it's time for 1.5400 Eh?-!
Who knows...!
Best of Pipping,
You all,
Jeff
I will work to Objectively Identify my Edges
- #207,279
- Mar 18, 2010 4:46am Mar 18, 2010 4:46am
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
Pass 1.5299 again ! Let's see spike down or break !
I only trade XAU/USD. Based on USD news & Fib SR & BB20