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Cable Update (GBPUSD)

  • #290,361
  • Oct 12, 2011 6:32am Oct 12, 2011 6:32am
Quoting Flatfish
Was expecting a quiet day until FOMC minutes- so missed all the fun. Only just loaded up the platform and have shorted at 1.5760 the 200 ema on 4hr charts- bit of a snap trade, so figuring out target, while working out just what has gone on so far today.
Closed for 29 pips. Waiting for another entry.
  • #290,362
  • Oct 12, 2011 6:52am Oct 12, 2011 6:52am
Quoting _BBKing_
i still have one short opened since yesterday @5588
SL 5620 TGT 5480

i have a trailing stop of 30pips
price touched 5548

so stop loss should have gone to 5578
but trailing has not been triggerered.

oh well.

good morning!!
this the reply by fxpro.
what a non-sense!!!

Dear Mr. Luca Zanetti,

Thank you for your email


I have taken a look at your order 22068135 and can confirm it has been closed at the last stop loss level set of 1.56260.

However, Please be advised that trailing stops as well as expert advisors cannot be monitored from our site since they are placed and executed from your terminal. A probable reason your trailing stop did not trigger was because you might have been temporarily disconnected from your platform.

Bear in mind however that in a way for a trailing stop to trigger you have to have the platform open and running at all times and in order for it to start working you need to be in profit by more pips than the trailing stop pips you enter.

Please find below the relevant section of our terms and conditions:

6.19 The client accepts that FxPro bears no responsibility for the download, installation and use of any trading related solutions such as expert advisors or trailing stops; if it comes to the attention of the Firm that the client is using any such solutions the former has the right to terminate the provision of investment and ancillary services to the latter, under the ‘Termination and Default’ section of the Client Agreement, in order to protect the orderly operation of the trading platform(s).



Kind Regards


Peter Aust

FxPro Head of Customer Service
90% of traders use TA, indicators and prediction
  • #290,363
  • Oct 12, 2011 6:54am Oct 12, 2011 6:54am
Quoting Flatfish
Closed for 29 pips. Waiting for another entry.
im still into that trade
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 27 KB
90% of traders use TA, indicators and prediction
  • #290,364
  • Oct 12, 2011 7:11am Oct 12, 2011 7:11am
Good luck BB. Still finding it hard to figure out whats happening today so just grabbing the pips as I see them.
  • #290,365
  • Oct 12, 2011 7:16am Oct 12, 2011 7:16am
Quoting Flatfish
Good luck BB. Still finding it hard to figure out whats happening today so just grabbing the pips as I see them.
correct
im thinking to close too but my plan is to hold till few pips below 5700
will close if i see a reversal until im in front of charts.

when i will leave later, i will probably close it
90% of traders use TA, indicators and prediction
  • #290,366
  • Oct 12, 2011 7:20am Oct 12, 2011 7:20am
I had the same problem and I got the same answer! LOL
U must have the MT4 running or the SL will not work, although sometimes it doesn't even with running platform!
I think that price must go further in your favor in order to activate the SL and just a brief touch may not always be enough
that's why I 1st set manual stop and then activate the trailing stop. It is not a bad idea if you wait a littlebit to see that it is moving before you leave it alone!

anyways do not expect to get anything from "our" broker even if it is their fault!
GL
Quoting _BBKing_
this the reply by fxpro.
what a non-sense!!!

[i][color=Blue]Dear Mr. Luca Zanetti,

Thank you for your email


I have taken a look at your order 22068135 and can confirm it has been closed at the last stop loss level set of 1.56260.

However, Please be advised that trailing stops as well as expert advisors cannot be monitored from our site since they are placed and executed from your terminal. A probable reason your trailing stop did not trigger was because you might have been temporarily disconnected...
Price = the amount a greater fool is willing to pay!
  • #290,367
  • Oct 12, 2011 7:28am Oct 12, 2011 7:28am
better shown in m5 chart what i mean
red rectangle is first 'minor' support level
blue is stronger one at/near previous daily high 5660-5680 where price could sit and consolidate to move to 5850-70 and last 59 area (...)

matter is a possible new up move to 5780

let see
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 23 KB
90% of traders use TA, indicators and prediction
  • #290,368
  • Oct 12, 2011 7:34am Oct 12, 2011 7:34am
Quoting Pip-hunter
I had the same problem and I got the same answer! LOL
U must have the MT4 running or the SL will not work, although sometimes it doesn't even with running platform!
I think that price must go further in your favor in order to activate the SL and just a brief touch may not always be enough
that's why I 1st set manual stop and then activate the trailing stop. It is not a bad idea if you wait a littlebit to see that it is moving before you leave it alone!

anyways do not expect to get anything from "our" broker even if it is their fault!
GL
thanks for your quote
it's the first time i turn off the pc when i go sleep. was due to some system update which required a reboot.... 'i thought :"ok, trailing is ON, position is correct, i can turn off and come back tomorrow!"

matter is: why do they let us use mt4 where by default we can set the trailing stop, and then impose to subscribe that they do not allow it?????????????????????????????????????????????????????????????????

i lost very few money on that trade. it is not a matter of money (my luck)
matter is that brokers do what they want with our money.

this is it!
90% of traders use TA, indicators and prediction
  • #290,369
  • Oct 12, 2011 7:42am Oct 12, 2011 7:42am
Quoting _BBKing_
thanks for your quote
it's the first time i turn off the pc when i go sleep. was due to some system update which required a reboot.... 'i thought :"ok, trailing is ON, position is correct, i can turn off and come back tomorrow!"

matter is: why do they let us use mt4 where by default we can set the trailing stop, and then impose to subscribe that they do not allow it?????????????????????????????????????????????????????????????????

i lost very few money on that trade. it is not a matter of money (my luck)
matter is that brokers do what...
They allow it, just they don't store any information on the server about those SL, so if something goes wrong they can say we don't know if you used it or not!
BOTTOM LINE IS: Everything is allowed as long as you make loss
Price = the amount a greater fool is willing to pay!
  • #290,370
  • Oct 12, 2011 7:49am Oct 12, 2011 7:49am
Good morning all.

As I posted yesterday, upside target of the previous swing low was hit @ 1.5779 or so.


Buy dips on Risk Appetite is a safe strategy on Risk Appetite.

Slovakia rejected the vote, but will pass the re-vote after the govt resigned, so the market priced that in.

My buy limit orders did not kick in for Gbp/usd.
Attached Image (click to enlarge)
Click to Enlarge Name: cable daily 3.gif Size: 20 KB
  • #290,371
  • Oct 12, 2011 7:53am Oct 12, 2011 7:53am
My limit orders, however did hit on the gbp/aud, eur/aud, and aud/jpy
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp aud 4 hour.gif Size: 20 KB
Click to Enlarge Name: eur aud daily.gif Size: 21 KB
Click to Enlarge Name: aud jpy 4 hour.gif Size: 25 KB
  • #290,372
  • Oct 12, 2011 8:02am Oct 12, 2011 8:02am
Quoting ovaforty
My limit orders, however did hit on the gbp/aud, eur/aud, and aud/jpy
well done!!
meanwhile i closed my short
scalped long till 5751
reloaded now short @5741
90% of traders use TA, indicators and prediction
  • #290,373
  • Oct 12, 2011 8:05am Oct 12, 2011 8:05am
m15 chart helps

if that TL goes away we go to 5780 again and maybe higher

if holds we go again 5720 or 5700

lets see
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 24 KB
90% of traders use TA, indicators and prediction
  • #290,374
  • Oct 12, 2011 8:11am Oct 12, 2011 8:11am
Quoting _BBKing_
m15 chart helps

if that TL goes away we go to 5780 again and maybe higher

if holds we go again 5720 or 5700

lets see
90% of traders use TA, indicators and prediction
  • #290,375
  • Oct 12, 2011 8:16am Oct 12, 2011 8:16am
5718-20 is now ema 60 in m5

also support

expect another bouce if/when reaches there
90% of traders use TA, indicators and prediction
  • #290,376
  • Oct 12, 2011 8:22am Oct 12, 2011 8:22am
where is 50 level monthly fibo mate ?

this will give us "a clue"
Quoting _BBKing_
5718-20 is now ema 60 in m5

also support

expect another bouce if/when reaches there
not euphoria follower
  • #290,377
  • Oct 12, 2011 8:22am Oct 12, 2011 8:22am
Quoting _BBKing_
5718-20 is now ema 60 in m5

also support

expect another bouce if/when reaches there
There is daily pattern of a retrace around the U.S. Dow open time.
  • #290,378
  • Oct 12, 2011 8:25am Oct 12, 2011 8:25am
out @BE of a long @5719

im holding the short
90% of traders use TA, indicators and prediction
  • #290,379
  • Oct 12, 2011 8:27am Oct 12, 2011 8:27am
Quoting iqyu5an
where is 50 level monthly fibo mate ?

this will give us "a clue"
around 5950
90% of traders use TA, indicators and prediction
  • #290,380
  • Oct 12, 2011 8:28am Oct 12, 2011 8:28am
Quoting ovaforty
There is daily pattern of a retrace around the U.S. Dow open time.
you mean a retrace of today's upmove?
90% of traders use TA, indicators and prediction
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