I put in an entry stop order to go long when cable gets to 1.9735. When you guys look for a break of a key resistance/support point, how many pips do you wait for the pair to gain/lose before you take the trade?

Cable Update (GBPUSD)

I put in a trade this morning, long cable at 1.9620. I closed the trade at 1.9640 cause I thought it would surely go down. I did this even though my system (vegas) didnt give me any signals to close the trade. I feel really stupid now

Cable Update (GBPUSD)

Maybe on shorter timeframes, but if someone was trading higher timeframes like 4hrs and daily, then 2hrs of screen time/day would be sufficient. Dont you think? Also I think the more years you have the better because you will have traded more news ...

Your Trading Experience

The Pound has been going crazy today. Just pick a damn direction already!

GBPUSD

I use the vegas 1hr with the VWB system. This morning I saw the gbp breach the tunnel to the upside. I missed some initial pips but I got in at 1.9049. Set SL to 1.9009. I took out one lot at 1.9095, have the second one with a trailing stop and 20 ...

GBPUSD

Thanks. How many of you will keep your shorts open over the weekend? or do you plan to close your trades at or before 5:00pm EST? I will keep my trade open and see what Monday brings.

GBPUSD

I went short at 1.9028. After the price moved 40 pips in my direction I moved the SL to BE and have it trailing now.

GBPUSD

So I put in my trade to get in at 1.9050 with SL at 1.9105. Woke up this morning to find out that I had gotten into the trade and been stopped out Oh well, I still think if the pair dosent close above the 1.9085 level It will go down. Lets see ...

GBPUSD

First of all, stop typing in all caps. I am waiting for confirmation, if the price falls below 1.9055 i will go short.

GBPUSD

I am actually waiting for the current bar to drop below the pin. I will enter around 1.9055 and set SL above the left eye around 1.9105. Or maybe above the pin, but thats too many pips for me.

Textbook "Reversal Day" for GBPUSD

I agree, I also posted about this here url

Textbook "Reversal Day" for GBPUSD

gbpusd — This an Image of the GBP/USD on the daily charts. The pair is already at the Vegas fib extremes, it has tried to break (close above) the topmost red resistance line and failed and I think a pin bar is now forming (yellow circle). ...

GBPUSD

I get the same feeling. I think a majority of people here are starting their forex endevour. Most of the ones that have being doing it for some time are not doing that hot. Some of the people on here really know what they are talking about though ...

anyone making REAL money with any systems on this forum??

I totally agree with you Dial. But no matter what your system is there is a certain amount of expectation in terms of returns every month. You said for you its is 10-15% this is a healthy return. I think I am right now at a point (maybe it is too ...

How many trades in a week

Thanks, Yea, Thats what I keep saying to my self "stick to the system" but I dont know if I am being too picky in choosing my trades just cause its a live account. I feel stupid when at the end of the day the markets moved 100 pips and I had no part ...

How many trades in a week

Thanks for your reply. It helped.

Question about pin bars

I think the GBP/USD is moving in a downward channel right now. It has been trying to break the resistance at around the 1.8720 level and failed. Also the recent cpi news has pushed the pair further down. To me it looks like it will go down till it ...

GBPUSD

Ofcourse! my bad. The revised table looks much better. This time for both accounts I used a $2000 starting balance cause with a $1000 mini account you can only start with 0.5 lots with my MM method. <table x:str="" style="border-collapse: collapse; ...

Question about Dial's post on asymetrical leverage