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  • #232,441
  • Apr 27, 2010 9:18pm Apr 27, 2010 9:18pm
Quoting Clouds
I would tighten stops and let them run. I'm looking for no less than another 150 pips for short usd/chf.
EU currently +40. SL@ Entry or is it wise to put 15 or 25 pips trailing stop?
Great Bodies are Engineered not Born
  • #232,442
  • Edited 9:35pm Apr 27, 2010 9:18pm | Edited 9:35pm
Quoting increase
It should actually get all the way up to 1.33, but it seems so limp and weak right now
i guess the ratings yesterday has reflected the true market's sentiments. there were initial speculations on the long side when price tested 3460 on tuesday's early trading, but i guess all are now rendered useless. whatever retracements which is happening right now are most likely huge short coverings comin from yesterday.

im quite sure many more sell orders resting above 3200 all the way up to 3300 zones. be nimble if you're long coz euro is no longer ranging like it did the past 2 weeks.
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  • #232,443
  • Apr 27, 2010 9:19pm Apr 27, 2010 9:19pm
Quoting increase
It should actually get all the way up to 1.33, but it seems so limp and weak right now
Why should it get to 1.33?
  • #232,444
  • Apr 27, 2010 9:21pm Apr 27, 2010 9:21pm
Quoting 2+2=4ex
You can definitely bring your stop on EU up. I would bring it up to 3182 (+17 pips). If your position is large, then I would take half out at 3212. Let the rest hit your stop or tp at around 3255. This is only how I would play it.

On the AU I don't know. I would probably cash that all out now at a quick glance of that chart. But I haven't looked at AU hard in a couple days so I'm
not sure.
Position is not large, 1 pip = 1 sd
Great Bodies are Engineered not Born
  • #232,445
  • Apr 27, 2010 9:21pm Apr 27, 2010 9:21pm
Quoting RichLadyFX
EU currently +40. SL@ Entry or is it wise to put 15 or 25 pips trailing stop?
More likely to get stopped out if u move your stop. I'd let this new daily candle close before adjusting stops or closing trade, but I trade on a daily basis only.
  • #232,446
  • Apr 27, 2010 9:22pm Apr 27, 2010 9:22pm
Quoting RichLadyFX
EU currently +40. SL@ Entry or is it wise to put 15 or 25 pips trailing stop?
I think he was suggesting a tight stop since it's countertrend. I would go with a +15-20 pip be in this case.
  • #232,447
  • Apr 27, 2010 9:22pm Apr 27, 2010 9:22pm
Quoting RichLadyFX
Hi guys,

My Longs: EU@3165 and AU@9169 are currently 30 & 20 pips in the green. Should I bag them or let it run?
take some profit.. place the rest at be... move sl up as you get more. here some levels.. they will get harder to pass the higher up.
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those who can, do. those who cant, talk about those who can
  • #232,448
  • Apr 27, 2010 9:23pm Apr 27, 2010 9:23pm
Quoting Clouds
More likely to get stopped out if u move your stop. I'd let this new daily candle close before adjusting stops or closing trade, but I trade on a daily basis only.
Thank you.
Great Bodies are Engineered not Born
  • #232,449
  • Apr 27, 2010 9:25pm Apr 27, 2010 9:25pm
Quoting increase
It should actually get all the way up to 1.33, but it seems so limp and weak right now
based on what? *L*
those who can, do. those who cant, talk about those who can
  • #232,450
  • Apr 27, 2010 9:26pm Apr 27, 2010 9:26pm
Quoting gatorinla
take some profit.. place the rest at be... move sl up as you get more. here some levels.. they will get harder to pass the higher up.
Take some profit means moving my SL or close the position? Cannot book partial though because 1 pip = 1 usd only.
Great Bodies are Engineered not Born
  • #232,451
  • Apr 27, 2010 9:28pm Apr 27, 2010 9:28pm
Quoting RichLadyFX
Take some profit means moving my SL or close the position? Cannot book partial though because 1 pip = 1 usd only.
Can't you sell a position for 50 cents a pip?
  • #232,452
  • Apr 27, 2010 9:29pm Apr 27, 2010 9:29pm
Quoting RichLadyFX
Take some profit means moving my SL or close the position? Cannot book partial though because 1 pip = 1 usd only.
that sucks.. a bird in the hand is better then 2 in the bush.
theres a dirty joke in there some where *L*
those who can, do. those who cant, talk about those who can
  • #232,453
  • Apr 27, 2010 9:30pm Apr 27, 2010 9:30pm
Quoting RichLadyFX
Take some profit means moving my SL or close the position? Cannot book partial though because 1 pip = 1 usd only.
+40 is a good trade your counter trending. I would tp the position and look to get short.
  • #232,454
  • Apr 27, 2010 9:33pm Apr 27, 2010 9:33pm
Quoting uraceulose
Can't you sell a position for 50 cents a pip?
No. The only way i can book partial is when minimum 1 pip = 2 usd.
Great Bodies are Engineered not Born
  • #232,455
  • Apr 27, 2010 9:37pm Apr 27, 2010 9:37pm
Quoting liangliang
Hi Gator,

Sorry....I am a new trader and i don't understand this. what is PP? and the level for today PP is? thks!
a yellow liquid. depending on beer consumption it may be clear.
http://www.actionforex.com/technical...-200603205733/
those who can, do. those who cant, talk about those who can
  • #232,456
  • Apr 27, 2010 9:41pm Apr 27, 2010 9:41pm
tempted to scalp 3200. Going to try and get 2 or 3 trades at +2-5 pips.
  • #232,457
  • Apr 27, 2010 9:42pm Apr 27, 2010 9:42pm
Quoting RichLadyFX
No. The only way i can book partial is when minimum 1 pip = 2 usd.
since you cant do partial, trail it if you can't manage it real time.

Quote
Can't you sell a position for 50 cents a pip?

asian brokers dont deal micro
  • #232,458
  • Apr 27, 2010 9:42pm Apr 27, 2010 9:42pm
Quoting RichLadyFX
No. The only way i can book partial is when minimum 1 pip = 2 usd.
oic, that sucks
  • #232,459
  • Apr 27, 2010 9:43pm Apr 27, 2010 9:43pm
It wouldn't surprise me to see E/U back up to 1.36 and usd/chf back to 1.05.
Here's E/U chart, too lazy post a usd/chf chart.

Attached Image
  • #232,460
  • Apr 27, 2010 9:43pm Apr 27, 2010 9:43pm
Quoting liangliang
Hi Gator,

Sorry....I am a new trader and i don't understand this. what is PP? and the level for today PP is? thks!
Pivot Point
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