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  • #261,821
  • Jun 22, 2010 2:34pm Jun 22, 2010 2:34pm
I do however set tp and sl, when im not beside my computer.

I will put an sl, if someone can logically explain why a manual market order by me(to liquidate the position) wont substitite a stop loss done by the computer.

the argument is faulty. I dont want to sound arrogant or rude, but i cant help see the reason to put a stop loss when i can do it myself manually, especially, when ive two internet connections, and in worst case scenario be able to call the trade desk.
  • #261,822
  • Jun 22, 2010 2:34pm Jun 22, 2010 2:34pm
I hope we get back to your mid, gator....would be nice to reload yet again...
  • #261,823
  • Jun 22, 2010 2:34pm Jun 22, 2010 2:34pm
2 TRENDLINES are really hard to break ..
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Follow the Trend, thats all
  • #261,824
  • Jun 22, 2010 2:34pm Jun 22, 2010 2:34pm
Quoting woo

you have to keep in mind that i watch the price all the time, and can put a market order whenever i want to exit my position. Why wouldnt this substitute a stop loss(which is also a stop loss

ive a mobile connection and a non mobile connection.
Broker server failure?
  • #261,825
  • Jun 22, 2010 2:38pm Jun 22, 2010 2:38pm
Ok. I average 50 pips a day.

so lets say that booth my internet connection crashes, because a sudden war breaks out.

Calling my trade desk, usually take 5 min.

And in this 5 min, 200 pip goes against me.


200 pip, equals 4 day of wins. I lose 4 days I can live with that.
  • #261,826
  • Jun 22, 2010 2:40pm Jun 22, 2010 2:40pm
Quoting direct-trade
Broker server failure?
Well i have three different brokers. I trade with hotspot, mbt and ib.

Im not trying to be an ashole, but im actually signed up with three different brokers.
  • #261,827
  • Jun 22, 2010 2:42pm Jun 22, 2010 2:42pm
Quoting woo
I do however set tp and sl, when im not beside my computer.

I will put an sl, if someone can logically explain why a manual market order by me(to liquidate the position) wont substitite a stop loss done by the computer.

the argument is faulty. I dont want to sound arrogant or rude, but i cant help see the reason to put a stop loss when i can do it myself manually, especially, when ive two internet connections, and in worst case scenario be able to call the trade desk.

Broker server failure, or just plain being kicked off the platform whilst the broker manages risk in a fast market.

ECN? STP? Even Barclays etc kicked off their clients a fewweeks ago so they could feed in their own order during huge volatility.

Ringing through to broker, but being on hold...because everyone else has the same problems and is ringing at the same time as you.

...and don't even get me started on a power failure taking out the supply to your nearest communications mast.

Murphy should always be invited to the party. if you don't invite him, he has a way of gatecrashing and upsetting everyone's day.

Use a SL, even if just an emergency one.
  • #261,828
  • Jun 22, 2010 2:45pm Jun 22, 2010 2:45pm
Well having 3 different brokers solve the above described issue.

Though, i can see why you would set an emergency sl if you only used one broker.

As i said. Ive two internet connections.
  • #261,829
  • Jun 22, 2010 2:46pm Jun 22, 2010 2:46pm
Quoting gatorinla
slipping? dd?
dow ..s/p
yep..they slipped. below some key areas..fragile
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those who can, do. those who cant, talk about those who can
  • #261,830
  • Jun 22, 2010 2:47pm Jun 22, 2010 2:47pm
Quoting woo
Well i have three different brokers. I trade with hotspot, mbt and ib.

Im not trying to be an ashole, but im actually signed up with three different brokers.
Ok. So, all transactions frozen due to all worldwide trade exchanges frozen becuase the circuit breakers tripped (introduced last month to stop chaos when market crashes 10% in 5 mins etc)

Your broker re-opens but price has gapped 500-1000 pips.

Just a thought.
  • #261,831
  • Jun 22, 2010 2:47pm Jun 22, 2010 2:47pm
Quoting woo
Well having 3 different brokers solve the above described issue.

Though, i can see why you would set an emergency sl if you only used one broker.
You are really a machine ...nothing can surprise you
  • #261,832
  • Jun 22, 2010 2:48pm Jun 22, 2010 2:48pm
I might as well ad one broker, and get one more internet connection, and im fool proof.
  • #261,833
  • Jun 22, 2010 2:48pm Jun 22, 2010 2:48pm
Quoting PriceVolume
I hope we get back to your mid, gator....would be nice to reload yet again...
many others are doing the same for other reasons.
those who can, do. those who cant, talk about those who can
  • #261,834
  • Jun 22, 2010 2:50pm Jun 22, 2010 2:50pm
Quoting woo
I might as well ad one broker, and get one more internet connection, and im fool proof.
unless you fall and bump your head. robbed and tied up. lighten bolt ect.
those who can, do. those who cant, talk about those who can
  • #261,835
  • Jun 22, 2010 2:50pm Jun 22, 2010 2:50pm
Quoting direct-trade
Ok. So, all transactions frozen due to all worldwide trade exchanges frozen becuase the circuit breakers tripped (introduced last month to stop chaos when market crashes 10% in 5 mins etc)

Your broker re-opens but price has gapped 500-1000 pips.

Just a thought.

Hey...just wondering...with that new mechanism, I bet a stop is handled by next available price, not the actual stop, correct?
  • #261,836
  • Jun 22, 2010 2:51pm Jun 22, 2010 2:51pm
edit
  • #261,837
  • Jun 22, 2010 2:52pm Jun 22, 2010 2:52pm
Quoting gatorinla
many others are doing the same for other reasons.
Drawdown can be a bitch. So can betting on a multi-month trend reversal rather than a pullback.
  • #261,838
  • Jun 22, 2010 2:52pm Jun 22, 2010 2:52pm
Quoting gatorinla
unless you fall and bump your head. robbed and tied up. lighten bolt ect.
I wear an invisible suit.
  • #261,839
  • Jun 22, 2010 2:52pm Jun 22, 2010 2:52pm
Quoting direct-trade
Ok. So, all transactions frozen due to all worldwide trade exchanges frozen becuase the circuit breakers tripped (introduced last month to stop chaos when market crashes 10% in 5 mins etc)

Your broker re-opens but price has gapped 500-1000 pips.

Just a thought.
and your overwhelmed broker doesn't answer the phone as mine did yesterday.
those who can, do. those who cant, talk about those who can
  • #261,840
  • Jun 22, 2010 2:53pm Jun 22, 2010 2:53pm
Here is a red wedge posted by gator awhile back on swissy. that teal TL I added in..we bounced darn near to the pip on the monthly off of both, we broke the red wedge once and for all it would appear and this wedge is like 20 years in the making..so my bias is bullish still on usd/chf..keep in mind this is a monthly chart. I would bet we get to the 38.2 fib level before the mid between 23.6 and the bottom. 2nd chart is just first chart zoomed way in

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