this was a great day! working at office and by the way 140pip's in pocket.
have a nice weekend... i'll take a beer or two
have a nice weekend... i'll take a beer or two
- #1,572
- Nov 18, 2011 10:14am Nov 18, 2011 10:14am
Yes agreed...but the question is "When are they(SNB) coming"?
For the intervention, maybe tomorrow, maybe never. But be sure, they won't let it drop...
You don't see them, but they are never far away
- #1,574
- Nov 18, 2011 1:00pm Nov 18, 2011 1:00pm
For the intervention, maybe tomorrow, maybe never. But be sure, they won't let it drop...
You don't see them, but they are never far away
Put some Buy Stops in before 10 tonight, maybe 8 pips above running rate, incase it goes long over the weekend, if it goes short it dosent matter the buy stop is not affected, but if it goes long the buy stop will bring it in, and you cash in on sunday evening when it opens. you can watch the price rising or decreasing on XE Universal Currency, have a nice weekend, PS it has gone up over the last two weekends.
- #1,575
- Nov 18, 2011 1:03pm Nov 18, 2011 1:03pm
- Joined Apr 2009 | Status: Non-Member | 4,719 Posts
Put some Buy Stops in before 10 tonight, incase it goes long over the weekend, if it goes short it dosent matter the buy stop is not affected, but if it goes long the buy stop will bring it in, and you cash in on sunday evening when it opens. you can watch the price rising or decreasing on XE Universal Currency, have a nice weekend
Regarding gaps the best use of limit/stops are to hedge against SL's being triggered on market open when there is a gap. That way you limit/stop will not be triggered like an SL in hopes that the gap will be filled and you can get out at your original SL location.
- #1,576
- Edited Nov 19, 2011 4:33am Nov 18, 2011 4:24pm | Edited Nov 19, 2011 4:33am
LOL you will not get executed if price is over your buy stop, it will execute at the market price when market opens if price goes long or will not execute at all. Then you may be fighting against the GAP close
Regarding gaps the best use of limit/stops are to hedge against SL's being triggered on market open when there is a gap. That way you limit/stop will not be triggered like an SL in hopes that the gap will be filled and you can get out at your original SL location.
I think you are wrong, if the price on sunday evening is above your buy stop,when the platform comes on again and the price has risen above your buy stop, it will buy and you can take out whatever the increased price is. we will see on sunday evening have a good weekend.
Make sure that when it closes on friday you are in a buy stop position, not in a buy position,
