In your boredom enjoy the 40 pip channel.
Dr. D.
Cable Update (GBPUSD)
- #276,341
- Apr 13, 2011 12:17pm Apr 13, 2011 12:17pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #276,342
- Apr 13, 2011 12:48pm Apr 13, 2011 12:48pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ummmm....are the markets actually open today??? 
Ghost Rider - WWTBMD?
closing my shorts.. not closing my shorts.. thats the question *lol
- #276,345
- Apr 13, 2011 1:06pm Apr 13, 2011 1:06pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
what you talking about vilas, what wrong is that im short at 1.6324, t/p 1.6177, s/l 1.6407
- #276,347
- Apr 13, 2011 1:09pm Apr 13, 2011 1:09pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
I risked a long @ 1.6244 TP 1.6280-85.if close there still space to move up it will be 1.6303 as last stop
then a short at 1.6280 tp at 1.6245 again
then a short at 1.6280 tp at 1.6245 again
- #276,350
- Apr 13, 2011 1:17pm Apr 13, 2011 1:17pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
should I, should I not ....
I'm in already but I think I will cancell any other longs this week with tp 1.6435 as it appears we will have a hell of a drop
if G7 tmr won't do anything GJ will go down and it will drag GU with it all the way to the bottom some 200 pips more meaning 1.61-1.60
so only scalp or daytrade for now.
- #276,354
- Apr 13, 2011 1:31pm Apr 13, 2011 1:31pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
for a 15 pips I think it's a go.for the 1.6285 it's gonna take at least 1 h to go there.
I'm in already but I think I will cancell any other longs this week with tp 1.6435 as it appears we will have a hell of a drop
if G7 tmr won't do anything GJ will go down and it will drag GU with it all the way to the bottom some 200 pips more meaning 1.61-1.60
so only scalp or daytrade for now.
- #276,355
- Edited 1:48pm Apr 13, 2011 1:36pm | Edited 1:48pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
16 pips so far.now retrace a bit and then again up ....it's kind of confirmed now
and now I would close half of my position and go watch a movie..if my broker would only have this option
) 28 pips up....I am not gonna move any SL as it will be a pull back as I reckon
- #276,359
- Apr 13, 2011 2:04pm Apr 13, 2011 2:04pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
technical one from a newbie....
what would be a good stop loss limit for short entry @ 1.63005 ?
I mean technicaly what is safe gap in case it hits around there and shakes around that level before turning down.... 5pips maybe? or more?
again, I do not mean the possible loses here but purely technicaly in terms of the trading systems.... thanks
I would put a 1.6335 as a SL in this case.it might be too much for some or too litle for others.personally I preffer big SL and small positions spreaded all over the chart
for long term trades or no SL at all for short trades.then it is all about MM and the ability to jump into the market at the right time.
most of the veterans say 1% should be the SL on a trade but if you start as a newbie and let's face it some of us started as little as 100 usd then 1% on a microacc means 1 USD.1 USD loss is 10 pips...10 pips for a newbie that has no idea yet how to calibrate the entries is too little.
so depending on the trading balance you have to adjust.then it depends on the strategy.some SL apply for trend following some SL for countertrend.
the more money you trade the smaller the SL
it's gonna be something inside your head.but,the most important thing is to use always a SL and TP no matter what the situation is as the server might get hit by lightning or your cat might spill a glass of milk on your laptop and the trade can swing from a + to a - and there is nothing you can do about it if you cannot see it
- #276,360
- Apr 13, 2011 2:04pm Apr 13, 2011 2:04pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
In your boredom enjoy the 40 pip channel.
Dr. D.
today went long nearly every time price went near 6250 after a bit confirming candle on m5 chart
got some good pips
90% of traders use TA, indicators and prediction