higherSelfishness
Active member
- Messages
- 103
- Likes
- 9
I like the trade! How far are you taking it?
Doomberg
Established member
- Messages
- 960
- Likes
- 75
Personally, i think that if i can keep my stops at 48, and i'm still in the game when the market closes, that i may get a big gap up on sunday eve, worse comes to worse and the gap ripsaws on open i'll still be taking £759 profit if i get stopped as it's locked in with guaranteed stops
higherSelfishness
Active member
- Messages
- 103
- Likes
- 9
I think you have at least until 970ish before the trade is effectively played out, and I can easily see it trying to push you out at 48 before it gets there. Maybe lock in your stop if it hits and look to enter lower? Nice trade in any case. Not trying to tell you what to do, just bouncing ideas around.
Last edited:
timsk
Legendary member
- Messages
- 8,594
- Likes
- 3,320
Hope you don't mind me asking D', but I assume we're talking paper money here - not real spondoolies?
Tim.
Doomberg
Established member
- Messages
- 960
- Likes
- 75
Yeah i may take close at 8970 as that's 1-1 RR on the risk, but i have a feeling that this trade could be worth 2-300 points... hmmm
Doomberg
Established member
- Messages
- 960
- Likes
- 75
Hope you don't mind me asking D', but I assume we're talking paper money here - not real spondoolies?
Tim.
I always use real money buddy, i don't get my fix of euphoria or the other fix of curling up in a ball feeling sick haha... i'm back on IG, i found futures actually harder to trade... still battling to win at this game
Attachments
Pondlifedregsbutler
Active member
- Messages
- 204
- Likes
- 147
Even in the middle of the coldest winters Doombergs scrotum hangs lower than most of the t2w punters.
Good luck Doom.
Good luck Doom.
Doomberg
Established member
- Messages
- 960
- Likes
- 75
Thanks buddy, if this trade closes 25+ points away from my profit lock in, it may be a star runner next week... well if that really was the bottom anyway
:clover:
higherSelfishness
Active member
- Messages
- 103
- Likes
- 9
In that case, take it at least to 9010 (Dec 12 lows.) Buy any pullback off 8970 - if you feel good about it.
C
cablemonster
I may as well say now, that i'm sorry about your loss
I was short from 80s and 60s dude. I closed for a small winner at 55s.
Last edited by a moderator:
wackypete2
Legendary member
- Messages
- 10,211
- Likes
- 2,058
If the yen did this thing and the dollar did that thing and the economy did it's thing then you may well get 1000 pips higher. That's the extent of my fundamental analysis on this
Seriously though,
If the Fed doesn't taper soon then heavy dollar selling would catapult it higher even if just temporarily.
Peter
Doomberg
Established member
- Messages
- 960
- Likes
- 75
I know, the margin was 1230 out of 1250 lol.... most of my trades are called too early and i lose 1000's but i usually get it right (even if to soon).... but this one i called early (easy for any Elliot wave theory people to see) but this is the one.... may just hold for 1000 points... oh i'm drunk and confused about life... anyway watch the sunday opening guys, i may even get some popcorn
Shakone
Senior member
- Messages
- 2,460
- Likes
- 665
Haven't used guaranteed stops before because of the high transaction cost, so what are the restrictions on where you can place them? I'd guess some sort of minimum distance (10-20 pips?). For example, if price is at 8964 at weekly close, I don't imagine that you could you put the stop at 8963 to capture any gap up with almost no downside.
Doomberg
Established member
- Messages
- 960
- Likes
- 75
In normal hours it's +3 for indicies or popular forex or indicies, but just before friday close the spread goes mad to stop the genuine gap traders
darktone
Veteren member
- Messages
- 4,019
- Likes
- 1,086
GL:clover::clover:
Forexmospherian
Legendary member
- Messages
- 39,928
- Likes
- 3,306
Good Luck Doomberg ;-)
Just having a look now - I think 52 / 54 is crucial for me at the moment on scalp sells under 70 top.
I appreciate you stop is at 48 and so close - but even if its touched I would not give up and look for more buys over 40 and 43.
Over 76 and 83 I think is needed for me to take new scalp buys up to that big RN at 9000 - but not planning to trade the Asian - but will be back for 6.30 -7.00am UK time
Will keep you updated intraday purely on the AU tomorrow as well
All the best and I wish you a good week
Regards
F
Just having a look now - I think 52 / 54 is crucial for me at the moment on scalp sells under 70 top.
I appreciate you stop is at 48 and so close - but even if its touched I would not give up and look for more buys over 40 and 43.
Over 76 and 83 I think is needed for me to take new scalp buys up to that big RN at 9000 - but not planning to trade the Asian - but will be back for 6.30 -7.00am UK time
Will keep you updated intraday purely on the AU tomorrow as well
All the best and I wish you a good week
Regards
F
