Go Back   BabyPips.com Forex Forum > The Currency Spot > "The Majors" > GBPUSD


GBPUSD Discuss price action in the British Pound versus the US Dollar.

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 10-19-2009, 06:05 PM
Newbie
 

Join Date: Oct 2009
Posts: 11
Default Made 20 pips today

Demo Account:

Buy @ 1.6389
SL @ 1.6380
TP @ 1.6409

Held for 59 minutes, hit TP.

Last edited by logik; 10-19-2009 at 08:43 PM.
Reply With Quote
  #2 (permalink)  
Old 10-19-2009, 07:25 PM
wrtm_19's Avatar
Superior Master Contributor and Member
 

Join Date: Oct 2008
Location: ON, Canada.
Posts: 673
Default

Quote:
Originally Posted by logik View Post
Demo Account:

Buy @ 1.63890
SL @ 1.63800
TP @ 1.64090

Held for 59 minutes, hit TP.
Wich pair is it? Correct me if I'm wrong but I guess it's 20 pips and no 200.

What's your strategy anyway.

REgards
Reply With Quote
  #3 (permalink)  
Old 10-19-2009, 08:17 PM
Newbie
 

Join Date: Oct 2009
Posts: 11
Default

Quote:
Originally Posted by wrtm_19 View Post
Wich pair is it? Correct me if I'm wrong but I guess it's 20 pips and no 200.

What's your strategy anyway.

REgards
My pair was GBPUSD, since we are in the GBPUSD section

Yes, it was 200 pips. It was quite a profit of fake money. I had no strategy other than knowing GBPUSD has been trending up. I was just playing around with SL and TP really.
Reply With Quote
  #4 (permalink)  
Old 10-19-2009, 08:27 PM
wrtm_19's Avatar
Superior Master Contributor and Member
 

Join Date: Oct 2008
Location: ON, Canada.
Posts: 673
Default

Quote:
Originally Posted by logik View Post
My pair was GBPUSD, since we are in the GBPUSD section

Yes, it was 200 pips. It was quite a profit of fake money. I had no strategy other than knowing GBPUSD has been trending up. I was just playing around with SL and TP really.
Lol, I'm sorry I catched your post on the "New posts" section, so I didn't see where it belongs.

As for the pips I still think it was 20 and not 200.

What I think is that your broker shows you price moves in pippettes and not in pips, since your quotes are in 5 digits and not in 4.

Your platform shows 1.63890
while mine shows 1.6389.

1 Pips equals 10 pippettes so that's where maybe the confussion relies.

Take a look at it, the pair has movel a little bit more than 200 pips today, but it took the pair 15 hours to make that move, not 59 minutes.

Reply With Quote
  #5 (permalink)  
Old 10-19-2009, 08:42 PM
Newbie
 

Join Date: Oct 2009
Posts: 11
Default

Well that makes more sense - since a 200 pip swing in 1 hour would be quite impressive! Thanks.
Reply With Quote
  #6 (permalink)  
Old 10-19-2009, 08:45 PM
wrtm_19's Avatar
Superior Master Contributor and Member
 

Join Date: Oct 2008
Location: ON, Canada.
Posts: 673
Default

Quote:
Originally Posted by logik View Post
Well that makes more sense - since a 200 pip swing in 1 hour would be quite impressive! Thanks.
You're most welcome.

I don't know about your trading style, and if you're scalping I have nothing to say in here since I'm not a scalper, but a stop loss of only 9 pips looks too narrow to me.

Anyway nice move you catched there for the 20 pips
Reply With Quote
  #7 (permalink)  
Old 11-18-2009, 10:19 PM
Pinnacle Forex Group's Avatar  

Join Date: Nov 2009
Posts: 1
Send a message via Skype™ to Pinnacle Forex Group
Default GBPUSD Trade

I am glad to hear that some people are taking profit, especially the 20 pips guy who posted earlier. I took profit today on the same trade, my entry and my TP were definitely different from the other post but they can easily be seen. Take a look at my blog, it's free to look at. this shows the ending result and what it looked like when I started the trade. pinnacleforexgroup.blogspot.com/2009/11/gbpusd-trade-signal.html

If you have any questions feel free to ask. I wish you all the best though in the upcoming trades.

Last edited by Nica; 11-18-2009 at 11:19 PM. Reason: Link Violation
Reply With Quote
Reply



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

All times are GMT -4. The time now is 11:31 AM.
Content Relevant URLs by vBSEO 3.3.1
"Laziness is a secret ingredient that goes into failure. But it's only kept a secret from the person who fails."
Robert Half
Feedback Form