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Cable Update (GBPUSD)

  • #214,081
  • Apr 7, 2010 12:19pm Apr 7, 2010 12:19pm
Quoting malcolmb14
....I was with fxcm active trader for 5 years NEVER an issue.

FXCM AT is one of my brokers and have not had issues with them. Have to at times delete my browsing history to log in, that is it in over 2 years with them.
  • #214,082
  • Apr 7, 2010 12:19pm Apr 7, 2010 12:19pm
Quoting cloggie
Short 526
nice

I am in a little above you ...


ES just tanked
Blogging daily now at www.volume.zone
  • #214,083
  • Apr 7, 2010 12:21pm Apr 7, 2010 12:21pm
check out rounded top gj 4 hours .. could see move towards 140
Blogging daily now at www.volume.zone
  • #214,084
  • Apr 7, 2010 12:22pm Apr 7, 2010 12:22pm
Quoting cloggie
FXCM AT is one of my brokers and have not had issues with them. Have to at times delete my browsing history to log in, that is it in over 2 years with them.
I've heard they have improved a bit since a couple of years ago they were being bashed all over the net. My experience was, 1 year with FXCM, stops constantly taken .. 2 years with FX Solutions, never once.
******************* I'd rather make money than be right.
  • #214,085
  • Apr 7, 2010 12:24pm Apr 7, 2010 12:24pm
Quoting malcolmb14
lol ... it is not the broker it is the operator ....I was with fxcm active trader for 5 years NEVER an issue.

Most blame it on brokers etc when they are trading in news times etc or low volume times. Guess what.... in these times price gaps ... ie the market depth dries up on the bid and the ask and what you think will get filled 1 pip away gets filled 15 pips away. It has NOTHING to do with your broker and evrything to do with the depth of the market in the conditions that you are trading in . In otherwords what sone trader perceive to be stop...
Very much like the betfair.com on-line betting system we have here in the UK where you bet against other people and not the bookies. If you bet or lay big on a certain price and there is not enough volume, it will take the next best price up or down the chain until your bet or lay is completely fulfilled regardless of where that price is! So you might put it on one price, but the average price is not the price you put it on. I hope that is clear as mud
  • #214,086
  • Apr 7, 2010 12:24pm Apr 7, 2010 12:24pm
Quoting bbakker

Once the position is open only look at m15 and check it once every 15 minutes when a candle closes to see if it is still going according to plan. Once you get close to TP, or the PA turns around, go to m5 for exit and if it lines up with your 24 MA, out you get! You can set the TP on the position at any time.


GL my friend.
Can you please talk a bit how you use the 24 ma for exiting?
  • #214,087
  • Apr 7, 2010 12:24pm Apr 7, 2010 12:24pm
Quoting bbakker
What is your SL currently set to?

I got in at 15275 and my SL is above the high of April 5th @15325. My TP is @15150, which works out to be a Risk/Reward ration of 2.5:1, which is a good average RR to have.

Then you let it breath if it does go above 15300, whatever you do, do not panic! Sometimes it is best not to pip watch, because you will have all sorts of things going through your mind. Remember the SL you set should be in your comfort zone. If it is NOT, do NOT place the order or open the position. Hence when opening a position you need...
I have done prettty much exactly what you have done. I'm tempted to stick a trailing stop on too but with enough of a gap to ride the waves hopefully all the way down.

Set some alerts on my account to txt me when it hits some levels, just so I can breath easily

Does seem to be struggling to get down below 15250, which seems to be about where my down trend line is too at the moment (15252). Will feel happier when it busts down below here and starts passing under the MA's though

GL ALL !!!
Back to basics, it has to be for me!
  • #214,088
  • Apr 7, 2010 12:25pm Apr 7, 2010 12:25pm
Quoting 4xStar
I've heard they have improved a bit since a couple of years ago they were being bashed all over the net. My experience was, 1 year with FXCM, stops constantly taken .. 2 years with FX Solutions, never once.

No disrespect, but I don't believe in stophunting with respectable brokers, gaps yes, especially during witching hour after NY close. Let's not start a broker discussion here, not the right thread. Did have issues today with probably the largest broker on the market for two hours, so it happens even to the biggest.
  • #214,089
  • Apr 7, 2010 12:27pm Apr 7, 2010 12:27pm
dow is striping cable sill shy eur is foooooooooooked oil down

we will see the same senario from last night its a matter of time no rush relax have a drink see u below 15200
  • #214,090
  • Edited 12:43pm Apr 7, 2010 12:28pm | Edited 12:43pm
[quote=bbakker;3617158]
Once the position is open only look at m15 and check it once every 15 minutes when a candle closes to see if it is still going according to plan. Once you get close to TP, or the PA turns around, go to m5 for exit and if it lines up with your 24 MA, out you get! You can set the TP on the position at any time.





Hi bbakker

Another noob question for you... what do you mean by 'lines up with 24ma?'
Thanx in advance
  • #214,091
  • Apr 7, 2010 12:28pm Apr 7, 2010 12:28pm
Quoting kill56
dow is striping cable sill shy eur is foooooooooooked oil down

we will see the same senario from last night its a matter of time no rush relax have a drink see u below 15200

Gold stocks are up massively this week, lots of buyers that see value in gold irrespective of the dollar value, could see a good rally in gold.
  • #214,092
  • Apr 7, 2010 12:29pm Apr 7, 2010 12:29pm
Quoting 4xStar
Closed my last 2 longs at 75. Better day today than earlier this week .. nice to see when I follow my own rules, they work

My chart gives no new direction now so it is thumb-sitting time for me.
Sounds painful
  • #214,093
  • Apr 7, 2010 12:29pm Apr 7, 2010 12:29pm
Quoting kill56
dow is striping cable sill shy eur is foooooooooooked oil down

we will see the same senario from last night its a matter of time no rush relax have a drink see u below 15200
DOH! Didnt do the long on oil at under $80, didnt do the short when it touched $87, ah well!
Back to basics, it has to be for me!
  • #214,094
  • Apr 7, 2010 12:30pm Apr 7, 2010 12:30pm
Quoting BadTradingFi
I'm tempted to stick a trailing stop on too but with enough of a gap to ride the waves hopefully all the way down.
Make sure you put on a TS with enough margin as we are entering the witching hour, close of NY before TY opens.
  • #214,095
  • Apr 7, 2010 12:30pm Apr 7, 2010 12:30pm
I'm set for the day. Sell trades.
I'm currently using PFG, but agree that the platform doesn't matter unless you don't like their spreads.
Attached Image (click to enlarge)
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  • #214,096
  • Edited 3:14pm Apr 7, 2010 12:31pm | Edited 3:14pm
Looking good for the shorts. I have attached my 4hr and 1hr charts. Nice bounce off the trend line on the 4hr and forming a nice evening star on the 1hr.

Let me say "hello" to all as this is my first post on this thread as I recently joined FF.....I look forward in learing and receiving feedback from you all.

Good luck!

Attachment

Attachment
  • #214,097
  • Apr 7, 2010 12:32pm Apr 7, 2010 12:32pm
Quoting BadTradingFi
I have done prettty much exactly what you have done. I'm tempted to stick a trailing stop on too but with enough of a gap to ride the waves hopefully all the way down.

Set some alerts on my account to txt me when it hits some levels, just so I can breath easily

Does seem to be struggling to get down below 15250, which seems to be about where my down trend line is too at the moment (15252). Will feel happier when it busts down below here and starts passing under the MA's though

GL ALL !!!
Yes! Trailing SL can work very well, but don't keep it too tight, or you might get stopped out and the run continues on without you!
  • #214,098
  • Apr 7, 2010 12:34pm Apr 7, 2010 12:34pm
Quoting cloggie
Gold stocks are up massively this week, lots of buyers that see value in gold irrespective of the dollar value, could see a good rally in gold.
may be its realy strange the dollar is up and gold too i think gold will tank big time if the dollar gos above 82.00 and we are close to it
  • #214,099
  • Apr 7, 2010 12:35pm Apr 7, 2010 12:35pm
Quoting malcolmb14
nice

I am in a little above you ...


ES just tanked
Hi Mal,
Well timed entry...
I was lucky enough to also get on hoping to get to 15150
what is your view?
Thanks,
Temps.
  • #214,100
  • Apr 7, 2010 12:36pm Apr 7, 2010 12:36pm
Quoting BadTradingFi
DOH! Didnt do the long on oil at under $80, didnt do the short when it touched $87, ah well!

oil might go to 90. then it will go down
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