DislikedReally hope you did something about that trade.
Now it's 110 pips down.
Good luck buddyIgnored
i didt put the SL, now its 120 pips down.
aham aham, lets seee....
Enter Signature
Cable Update (GBPUSD)
- #225,943
- May 12, 2010 4:41am May 12, 2010 4:41am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Meaning you'd rather place a large order for less pips, therefore aim for a better entry and less SL? Sounds good to me. 20 pips a day at 20 quid a pip would be nice.
No, means that you got to be flexible. There are times where a 20 pip stop is applicable & there are times where you'll need a 200 pip stop for a certain trade to work out. Never let a wide stop spook you out, if the emergency stop needed for a certain trade taken off say the D1 is wide, just lower your position size, vice versa with tight stop, if taking the trade off the M1 where the risk involved is narrow & your equity allows larger position sizing, just increase the pip value.
Learn to be flexible
Thank You 
- #225,944
- May 12, 2010 4:42am May 12, 2010 4:42am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
King is farting the smell is uogly
He hates Sterling 
- #225,945
- May 12, 2010 4:42am May 12, 2010 4:42am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #225,946
- May 12, 2010 4:42am May 12, 2010 4:42am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
No, means that you got to be flexible. There are times where a 20 pip stop is applicable & there are times where you'll need a 200 pip stop for a certain trade to work out. Never let a wide stop spook you out, if the emergency stop needed for a certain trade taken off say the D1 is wide, just lower your position size, vice versa with tight stop, if taking the trade off the M1 where the risk involved is narrow & your equity allows larger position sizing, just increase the pip value.
Learn to be flexible
No, means that you got to be flexible. There are times where a 20 pip stop is applicable & there are times where you'll need a 200 pip stop for a certain trade to work out. Never let a wide stop spook you out, if the emergency stop needed for a certain trade taken off say the D1 is wide, just lower your position size, vice versa with tight stop, if taking the trade off the M1 where the risk involved is narrow & your equity allows larger position sizing, just increase the pip value.
Learn to be flexible
- #225,949
- May 12, 2010 4:44am May 12, 2010 4:44am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
He farted big time
thas why he says
- #225,950
- May 12, 2010 4:45am May 12, 2010 4:45am
No, means that you got to be flexible. There are times where a 20 pip stop is applicable & there are times where you'll need a 200 pip stop for a certain trade to work out. Never let a wide stop spook you out, if the emergency stop needed for a certain trade taken off say the D1 is wide, just lower your position size, vice versa with tight stop, if taking the trade off the M1 where the risk involved is narrow & your equity allows larger position sizing, just increase the pip value.
Learn to be flexible
Enter Signature
- #225,951
- May 12, 2010 4:45am May 12, 2010 4:45am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
So wait, you bet your entire account on one long trade?
- #225,952
- May 12, 2010 4:45am May 12, 2010 4:45am
- Joined Mar 2009 | Status: FX | 3,789 Posts
No, means that you got to be flexible. There are times where a 20 pip stop is applicable & there are times where you'll need a 200 pip stop for a certain trade to work out. Never let a wide stop spook you out, if the emergency stop needed for a certain trade taken off say the D1 is wide, just lower your position size, vice versa with tight stop, if taking the trade off the M1 where the risk involved is narrow & your equity allows larger position sizing, just increase the pip value.
Learn to be flexible
Wormie, whats doing? Your doing alot of educating here mate. Time to collect some MILK MONEY TM and start trading yourself mate.
Veni, Vidi, Vici (We came, we saw, we conquered)
- #225,954
- May 12, 2010 4:46am May 12, 2010 4:46am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
i was away for lunch, just got in,
i didt put the SL, now its 120 pips down.
aham aham, lets seee....
Thank You
- #225,955
- May 12, 2010 4:47am May 12, 2010 4:47am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
it's not an up trend, it's consolidation. 5050 was highs, 4750 is lows, i think it'll break to down side, but good luck....
Another thumb for me today! The wedgie held!
- #225,956
- May 12, 2010 4:48am May 12, 2010 4:48am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Wise words. Thanks Wormy
hmmm.... nice
Thank You
- #225,957
- May 12, 2010 4:49am May 12, 2010 4:49am
- Joined Mar 2009 | Status: FX | 3,789 Posts
thas why he says
It expect cable to continue rising once it stablises.
Veni, Vidi, Vici (We came, we saw, we conquered)
- #225,958
- May 12, 2010 4:49am May 12, 2010 4:49am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
Wormie, whats doing? Your doing alot of educating here mate. Time to collect some MILK MONEY TM and start trading yourself mate.
Good on you Wormie!
- #225,960
- May 12, 2010 4:51am May 12, 2010 4:51am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
