I saw a gap today on the usd/chf, took it and made 10 pips. They will usually get filled, and if not then you lose out. I just play a very small stop loss with them.

Sunday GAPS

well, I'm out for now. Small risk, reward would have been exponentially greater. A small loss for a great lesson that will reteach itself time and again until the student is great enough at understanding it. Go with the trend, not otherwise.

Auslanco - GBP/JPY and GBP/USD (newstrade)

nice! I never had much luck with scalping. That's talent right there, fast on the trigger! Once FXCM moved to the No Dealing Desk, they haven't quite been the same in my eyes. I'd like if they brought back the flat rates as it was before.

Auslanco - GBP/JPY and GBP/USD (newstrade)

haha yes It's a demotivator. They have them at www.despair.com i find them to be hilarious, look it up, you should get a good laugh out of a few of them. And yeah thats exactly what it is.

Auslanco - GBP/JPY and GBP/USD (newstrade)

I can see your point of view also. Im trading it just because of the rather strong resistance. This is really not an A plus trade for me, but I'm willing just to see where it goes to.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Oh dont you worry, when people get to placing orders, it'll be right back up to that

Auslanco - GBP/JPY and GBP/USD (newstrade)

Yes sir, the company is nice. I don't see any reason for the resistance to bust either. I'm going to try and wait for the price to enter back into the 90's before I place my second selling order. Good luck to all of us!

Auslanco - GBP/JPY and GBP/USD (newstrade)

Well, I will have to say you've got guts to trade on this one. I think I'm going to sit it out until the best price presents itself, but best of luck with it. I'm just going to watch on the sidelines for now until I find the best price to enter.

Steviet's Live Trades!

Im going to go against the crowd and say I think that resistance will hold for a while. I'm looking for a drop in price.

Auslanco - GBP/JPY and GBP/USD (newstrade)

It it does pass up that resistance, I think we might see a fairly large upside to it. who knows though, that is why this is the market.

Steviet's Live Trades!

Ahhhh, steviet's messing with the beast! haha you wouldn't have happened to make that trade because of the resistance at 230.50 area, would you? That is really the only thing that I could see for this to hold down instead of skyrocketing upwards. I ...

Steviet's Live Trades!

This is your destiny....hahaha that was great.

Cable Update (GBPUSD)

Simple, look from the left side of the screen to the right. Is it going up or down? Or all jumbled and really no direction? If theres really no set direction, it's ranging. If there is one side dominance, it is in a trend. Make yourself trendlines, ...

How do you find and confirm a trend?

I'm going to agree with Moe on this one. The weekly chart is landed right on a trendline which looks like it'll hold it. Have a good week trading everyone.

Cable Update (GBPUSD)

I doubt ill take the trade that far down though. Ill probably end up cutting it off at around 1.96 cuz im a sissy. haha better safe than broke.

Cable Update (GBPUSD)

I agree with you on that Igrok. Based on fib retracements from back in March up until April 17th, it looks like the lowest of those are around 1.9545 and with the bounce off of that, itll probably take it straight to your said target. From there, ...

Cable Update (GBPUSD)

it seems like a matter of ego, and the first thing that should be lost when attempting to think like a trader is your ego. That wasn't meant to upset anyone, just to spark a thought. Good trading everyone.

Cable Update (GBPUSD)

Thats why I dont follow those commentators. They change waaayyyy too often on their views. They do kill the boredom though

Cable Update (GBPUSD)

Hi Kharvell, dood i think you have a damn good thing here. I dont usually even look at systems cuz they are mainly crap with their makers shooting out fake claims of greatness, but this is definitely a keeper. i did some backtesting on it (with some ...

BB on Steroids

Agreed. I doubt it will even move up that far again, instead I think it will hold in the 30's. That is, until the news.

Cable Update (GBPUSD)