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  • #1,201
  • Apr 27, 2010 12:30pm Apr 27, 2010 12:30pm
Quoting ams
Hey guys, did you get the alert where to take the trade with details of SL and TP?
I missed it somehow. Asked FXAdvice to send it to me.


ta
ams
brother, as i said before i mentioned on FAQ that, Depending on the pair which you trade on, usually you can put 70-90 pips for Stop-loss. (For example: USD/CAD, 70pips; EUR/USD, 80pips and on GBP/JPY, 90pips) And about Take-profit, 40-50 pips for first target, therefore you can close your position or Break even it. but myself close half on first target and BE remain...
  • #1,202
  • Apr 27, 2010 12:32pm Apr 27, 2010 12:32pm
Quoting arjuncora
Hey AMS,

The following are Nicks usual rules :

Best entry based on 15 min candle at specified level.

Sl @ 80-100 pips

TP 1st profit @ 50 pips & Sl moved to Break Even

Some of us have had 400+ pips a coupla weeks back because we did not move the SL to BE - To each his own I guess. But the ones on top are the man's rules!

Hope this helps.
thanks for your support

also some update about recently crazy moves on market :

US STOCKS MIDDAY The market remains broadly lower amid rush to safety after S&P cuts Greek debt to junk, lowers Portugal's as well. Risk aversion seen in VIX spike over 21% level or highest since Feb. All major S&P sectors are down, led by energy. That leaves S&P 500 lower by 1.6%, Dow a bit less. Down-stocks swamp winners in decent flow too. Tech and financials stocks hit hard among key sectors. Latter on broader Eurozone debt/fiscal woes along with Senate hearing grilling Goldman officials on SEC related fraud case. Meanwhile, Tsys well bid on safety buying, with $44 bln in 2-yr notes being auction today and apt to fund solid demand. Key to watch last hour trade as deeper losses on above avg volume would be bearish sign that big funds not cutting exposure vs buying on dips.

GREECE RESPONDS TO S&P CUT Greek Finance Ministry on the wires per an e-mail statement, saying it expects talks with EU/IMF on aid release to be concluded quickly - next few days - and downplays today's rating cut by S&P. The release of the funds will enable Greece to meet its debt servicing. Meanwhile, German Finance Minister Schaeuble per the Handelsblatt newspaper says German govt will not let Greece go down but does not support Greek debt restructuring.
  • #1,203
  • Apr 27, 2010 12:32pm Apr 27, 2010 12:32pm
we always get just entry levels. tp and sl is in rules on Nicks page. 1tp 50pips close half of position, sl to be and try to get more. sl... s/r will be better than number pulled out of sky. try not to tight.
if i`m wrong please correct me.

Stuku
  • #1,204
  • Apr 27, 2010 12:34pm Apr 27, 2010 12:34pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Many thanks Arjuncora.

FXAdvice also updated me on PM as well. My fault as I didn't go through the FAQ.


thanks !

ams


Quoting arjuncora
Hey AMS,

The following are Nicks usual rules :

Best entry based on 15 min candle at specified level.

Sl @ 80-100 pips

TP 1st profit @ 50 pips & Sl moved to Break Even

Some of us have had 400+ pips a coupla weeks back because we did not move the SL to BE - To each his own I guess. But the ones on top are the man's rules!

Hope this helps.
  • #1,205
  • Apr 27, 2010 12:35pm Apr 27, 2010 12:35pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Sorry mate, my fault accepted for not reading the FAQ.



thanks
ams

Quoting FXAdvice
brother, as i said before i mentioned on FAQ that, Depending on the pair which you trade on, usually you can put 70-90 pips for Stop-loss. (For example: USD/CAD, 70pips; EUR/USD, 80pips and on GBP/JPY, 90pips) And about Take-profit, 40-50 pips for first target, therefore you can close your position or Break even it. but myself close half on first target and BE remain...
  • #1,206
  • Apr 27, 2010 12:48pm Apr 27, 2010 12:48pm
Quoting ams
Sorry mate, my fault accepted for not reading the FAQ.



thanks
ams
no problem buddy
  • #1,207
  • Apr 27, 2010 5:04pm Apr 27, 2010 5:04pm
As i said before we had crazy night because of FOMC , and some news around NY session
  • #1,208
  • Edited 2:08am Apr 28, 2010 1:41am | Edited 2:08am
Aud/usd short?

Usd/Chf long?

Heavy demand zoes
  • #1,209
  • Apr 28, 2010 2:07am Apr 28, 2010 2:07am
Quoting Kamikaze456
Aud/usd long?

and

Usd/Chf?

Heavy demand zoes
Morning,

USD/CHF it behind a powerful resistance so Long is very dangerous, AUD/USD has resistance around 0.9250-80

cheers
  • #1,210
  • Apr 28, 2010 8:23am Apr 28, 2010 8:23am
some update : GREECE SUPPORTED Whether there is credence or otherwise, markets are taking note of German Green's MP, Trittin, as he remarks IMF chief Strauss-Kahn states the Greek aid package is worth Eur 100-120 bn over 3 years. In addition, he explains that the Hellenic republic should be removed de facto from the international capital markets for three years (similar to how Argentina was back in 2001 after it was IMF bailed), but adds the German Parl approval (of the aid) is not automatic. Meanwhile, French PM Fillon said the EU must immediately put in place the Eur 30bn aid package and prevent what he calls 'irrational speculation' against Greece. Coupled with the earlier comments from German TV sources that speculates IMF, EU to increase its aid package this year, & Greek PM on budget being executed better than f/c, spreads continue to tighten with the 10yr GGB/BUND & PGB/BUND yield gaps into 830 & 314 bp resp.
  • #1,211
  • Apr 28, 2010 1:20pm Apr 28, 2010 1:20pm
THE FOMC STATEMENT does not, of course, announce a change in the Fed's monetary policy stance. The phrase describing the policy outlook continued to say that rates are likely to remain "extraordinarily low" for an "extended period". The economy is described as continuing to strengthen. The inflation outlook is essentially unchanged. One dissent from Hoenig, on language.
  • #1,212
  • Apr 29, 2010 4:52am Apr 29, 2010 4:52am
after FOMC market still choppy , i will waiting for NY session maybe give us some clue
  • #1,213
  • Apr 29, 2010 8:38am Apr 29, 2010 8:38am
Looking for short on A/U
  • #1,214
  • Apr 30, 2010 1:56am Apr 30, 2010 1:56am
Morning

Very familiar territory for EUR/USD traders with the pair now confined to a rough 1.3200-1.3300 range. The main risks still lie with sovereign debt issues in the EU, the bulk of positioning is still short Euro, so the majority of stops are eyed higher, hence the path of least resistance. It is month end, and a Friday to boot, so there is potential for some large one off flows to be conducted in more illiquid conditions. However, the major focus lies on none of these factors, but rather a set of tier one US data that is headlined by the first read of Q1 US GDP. Recovery is the theme of expectation, so a bid for Usds against a possible reason to bring forward that much vaunted first Fed tightening.
  • #1,215
  • Apr 30, 2010 4:11am Apr 30, 2010 4:11am
Morning FXAdvice and All,

How about EJ short ?

Thank you.
EKO
  • #1,216
  • Apr 30, 2010 5:20am Apr 30, 2010 5:20am
Quoting UarU
Morning FXAdvice and All,

How about EJ short ?

Thank you.
Hi,

E/J and E/U both have short potential but today we have GDP and this make them a bit dangerous. wait for news release...
  • #1,217
  • Apr 30, 2010 5:53am Apr 30, 2010 5:53am
Quoting FXAdvice
Hi,

E/J and E/U both have short potential but today we have GDP and this make them a bit dangerous. wait for news release...
Thank you, bro.
EKO
  • #1,218
  • Apr 30, 2010 6:09am Apr 30, 2010 6:09am
Will EU rebound ?
Attached Image (click to enlarge)
Click to Enlarge Name: eu100.gif Size: 19 KB
EKO
  • #1,219
  • Apr 30, 2010 7:14am Apr 30, 2010 7:14am
Hi
Is the short on A/U still running or did you close it ?
  • #1,220
  • Apr 30, 2010 7:15am Apr 30, 2010 7:15am
Quoting UarU
Will EU rebound ?
time will show but i guess yes
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