Thread: Discuss GBP/USD - H2 2012

Originally Posted by sratansi

looking like a slight rebound now, not sure whether to go long or short though seems a bit uncertain today

Then don't trade

Originally Posted by sratansi

done similar started at 16028 (missed the 16017 start..) limit at 15983 (would only let me have a 45 point spread for some reason!) limit at 16070

Stratansi I'm just trying to help you here my friend this is no better than a 1:1 risk/reward trade in a market that in your last coupe of posts you was completely unsure of. This trade may or may not come good no one knows when we place the trades ..... however with that risk/reward coupled to your uncertainty this just looks like naked gambling to me. What reasons have you got for this trade? in the long term this type of trading looks a recipe for disaster imo

Originally Posted by Gregory McLeod

I propose that both of you come up with a youtube video that gives us a crash course in Delta. We can call it "Delta for Dummies" I would be the first one watching it as I plead ignorance to this intriguing topic and I would like to learn more!

I'm the same and trade completely different methods I believe to Fazi ..... however whilst discussing things the other day we both agreed on numbers price etc almost to the decimel... strange game this trading I find it fascinating how they do it but looks to complicated for me so as everyone should I shall continue to trade my own methods whilst learning from watching and speaking to others ... however I do look forward to the post of fazi and aerocom and find them very interesting

Originally Posted by sratansi

Broke even pulled now got finger on button ready

Ready for what? I know its great to trade the news and a real buzz if you get a big ride quickly but what direction are you trading and why?

Originally Posted by sratansi

not going long like greg and myself?

l am assuming cable has developed its session high and l am trading a retrace to nearest support

Originally Posted by citytrader46

Stratansi I'm just trying to help you here my friend this is no better than a 1:1 risk/reward trade in a market that in your last coupe of posts you was completely unsure of. This trade may or may not come good no one knows when we place the trades ..... however with that risk/reward coupled to your uncertainty this just looks like naked gambling to me. What reasons have you got for this trade? in the long term this type of trading looks a recipe for disaster imo

i wanted a 15pip stop level but for some reason ig index had a 45 point one!

i watched the trade from the begining and was ready to stop at 15 pips below.

Originally Posted by citytrader46

Ready for what? I know its great to trade the news and a real buzz if you get a big ride quickly but what direction are you trading and why?

i traded long but for stupidly clicked on end trade on 3 pips up..

Originally Posted by aerocom

You should hold. If it breaks 6060, it will probably go to 6115.

Good Luck.

It has still not broke 16045 from this afternoon if it does next is 16064 which is the 61.8 fibo retracement from the 21/09 high to todays low .. it looks like it may also hit the 100MA it is also just below the R2 and as Greg has just mentioned earlier its not a bad place to be selling 16111 is the 50% fibo level also coincides with the 200MA and looks a very interesting place to be looking to sell

Attachment 157200

Originally Posted by sratansi

i wanted a 15pip stop level but for some reason ig index had a 45 point one!

i watched the trade from the begining and was ready to stop at 15 pips below.

They change the minimum stop levels depending on expected volatility whereas sometimes its 10 pips on GBPUSD it can be more 20 or even higher

Originally Posted by citytrader46

It has still not broke 16045 from this afternoon if it does next is 16064 which is the 61.8 fibo retracement from the 21/09 high to todays low .. it looks like it may also hit the 100MA it is also just below the R2 and as Greg has just mentioned earlier its not a bad place to be selling 16111 is the 50% fibo level also coincides with the 200MA and looks a very interesting place to be looking to sell

Attachment 157200

price alert set for 16045 then one more for 16065 i suppose of those break a higher level could be achievable?

Originally Posted by sratansi

i wanted a 15pip stop level but for some reason ig index had a 45 point one!

i watched the trade from the begining and was ready to stop at 15 pips below.

during risk events spreads as well as allowed stop levels are wider, because brokers aasume theese events may cause (often do) higher volatility

sratansi - there seems to be a lot of randomness in your trading. Entry points, stop and profit levels tell very little about your strategy. PLEASE - start posting charts -1 chart is worth more than 1000 words.

No hard feelings buddy, but you can take all the advises your given here now, or loose as much money as it takes and listen later - the choice is yours.

Patryk

Originally Posted by fazi

during risk events spreads as well as allowed stop levels are wider, because brokers aasume theese events may cause (often do) higher volatility

sratansi - there seems to be a lot of randomness in your trading. Entry points, stop and profit levels tell very little about your strategy. PLEASE - start posting charts -1 chart is worth more than 1000 words.

No hard feelings buddy, but you can take all the advises your given here now, or loose as much money as it takes and listen later - the choice is yours.

Patryk

im still a novice with reading charts, and hence me posting a chart i may get the wrong info on. But as i gain more confidence i will be posting charts

Originally Posted by sratansi

price alert set for 16045 then one more for 16065 i suppose of those break a higher level could be achievable?

The first one is my level the second one is aerocoms and yes if breaks them it could move higher but it may never get there . Patryk gave you a good suggestion earlier today I believe in that you need to start posting charts so we can see what you are looking at and what basis you are making trades on. I have had one trade today short from 16045 as stated and closed out at 16014 and I still feel like the market has beat me up spit me out sat on me and threw me around the room for good meaure as well... beacuse I missed to go long this morning and could not find an entry level I was comfortable with after that you must have felt the same just from reading what you post regards your uncertainty

Originally Posted by sratansi

im still a novice with reading charts, and hence me posting a chart i may get the wrong info on. But as i gain more confidence i will be posting charts

believe me - start posting from the very begining - you`ll learn a lot faster

Originally Posted by turmaz

i am only waiting for 6085 to reach then i will short with confidence at 6085 , only after bull weakness

above 6110 the better

good luck all

hey turmaz

6110 looks a very interesting level to be looking to get short from