It seems that my difficulty always has been and probably will being a 'micro-man' !
So the girls tell me anyhow !
Israel dil 12:14:39 GMT - 01/10/2011
Cambridge Joe 10:19
limiting profits is exactly the same as limiting losses even if the wording is completely opposite. about that specific GBP/CHF short trade, I used roughly 20 pips above day/week high as stop with thoughts to make it even stop and reverse :-)
if 1.5075 taken then 200 pips higher will happen with 24 hours after that happens. my trading idea currently with one of the oldest crosses in this business.
Cambridge Joe 11:14:26 GMT - 01/10/2011
JP// many thanks for the clarification.
Sorry to be a dumass !
Usually.... if I saw +60 I'd think all my Christmas' had come at once !
Thanks again ;-)
Mtl JP 11:09:19 GMT - 01/10/2011
to clarify: ...IF you half-take
Cambridge Joe 10:58:51 GMT - 01/10/2011
JP// thanks.... was on the phone hence delay.
Far too logical for me.... but I'll try to get my head 'round it !
Setting up new office set-up for today.
New workspace, kit etc.
For me... USDCAD has topped for now.
Mtl JP 10:37:33 GMT - 01/10/2011
Joe 10:19 - if I may pipe in:
consider that IF you take - say - 30 pips off the table market has to move 60 pips from that pricepoint against you in order to make your trade zero gain (ignoring spread)
Cambridge Joe 10:19:08 GMT - 01/10/2011
dil// in your post you spoke of trailing stops.
I've never managed to do any good with them myself !
I'm either in or out.... and neatly avoid lots of profit because of that.
Would you be kind enough to shed a bit of light on what sort of levels you use ?
If you prefer, my email contact is in the members section.
Israel dil 09:15:12 GMT - 01/10/2011
don't you read the thread? left half running.
to dr unken katt 09:11:16 GMT - 01/10/2011
u should hav taken the shorts dude
Israel dil 08:56:12 GMT - 01/10/2011
currently banking stocks are trading more than 2% lower compared to Friday's closing prices. my day trades moving now into trailing stop mode.
tokyo rana 21:22:00 GMT - 01/09/2011
soon iwill establish long long term longs gbpchf start from 1.4/1.3 if seen.......gbpjpy from below116........happy day
tokyo rana 21:19:30 GMT - 01/09/2011
if gbpjpy go below 118 ithink it will be very bullish im expecting gbp and jpy no1 currincies this year.....reason is fundamental.....happy day,
tokyo rana 21:16:43 GMT - 01/09/2011
Israel dil 21:10 maybe ur again misstaken my post again i mean gbpchf cud rise to 1.57 before drop.....but u can short here also 1.50 with 75/150pips stop.....u can look important levels on charts over all gbp is short but in very long term gbp is very bullish so u can establish very long term long between 1.3/1.45....ithink 1.50 is good entry short term....happy day,
Israel dil 21:10:06 GMT - 01/09/2011
Rana, 1.5075 as reverse from the shorts may cover the whole loss fast (if happens). 1.5075 taken then 1.52 fast as lightning. 700 pips (almost 5%) stoploss with forex, is something I really cannot understand. anyway, I hope you are above 18 y/o and legally responsible for that trading style :-)
Tokyo Rana 20:48:17 GMT - 01/09/2011
Israel dil 20:45 isaid on friday gbpchf is short but stop above 1.57......happy day
Israel dil 20:45:06 GMT - 01/09/2011
SellGBPCHF Entry: Target: Stop:
closed (only) 1/2 at 1.5017
that's why: the strongest view with me for now is about banking stocks (globally) tanking seriously from the current levels (at least 3% the coming session, then I will look further). for my idea that's a reason to play CHF from the long side and USD and JPY versus some currencies too. please comment :-)
to dr unken katt 19:58:35 GMT - 01/07/2011
dayly stochs are done so it should retrace back to 4800 if the double top holds
obviously youre right , there s long signal on dayl y
Israel dil 19:43:40 GMT - 01/07/2011
to dr unken katt 19:30 GMT January 7, 2011
I agree with your disagreement when the daily chart concerned. but I am feeling not so confident from looking at weekly and monthly charts, the squeeze up can go even 500-600 pips from here, bit beyond my budget. I got no FED, ECB or even bank of Israel to bail me if something will go wrong :-)
tokyo rana 19:38:03 GMT - 01/07/2011
Israel dil 19:23 dear friend,ithink gbpchf cud go to 1.56 markeet is expeting gbp rate hike thats why gbp strong this week....donot play on only charts....happy day,
to dr unken katt 19:30:04 GMT - 01/07/2011
i disagree , its at the fibo level[dily]
on hour there s the double top , good short play
to dr unken katt 19:28:41 GMT - 01/07/2011
i disagree , its an exellent short opport , daily at the fibo , onhourly u hav the double top
Israel dil 19:23:22 GMT - 01/07/2011
GBP/CHF trade I took proved as bad timing. looking to exit the trade with minimal loss of pips. oops trade :-)
Israel dil 16:10:10 GMT - 01/07/2011
SellGBPCHF Entry: 1.5 avg Target: open Stop: 1.5075
sold more at 1.5020 and lowered stops to 1.5075
Israel dil 13:41:08 GMT - 01/07/2011
SellGBPCHF Entry: 1.4980 Target: open Stop: 1.5130
let's see what's going to develop from here :-)
getting long CHF also in other pairs, crosses.
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