Stupid Eur/USD Trade

Fair enough but the issue then is there should not be something called a stop loss with your broker because as you have found out it isn't a stop loss, it's a stop. That's why it wasn't pulled I guess. It seems like your broker uses the wrong terminology which really screw things up for you. Because that button should say "stop" not "stop loss"
 
Yes, you are absolutely correct. They are using the wrong terminology with the 'stop loss' order. I'm going to call them to find out what their definition of stop loss is and how it relates to their trading platform.
Thx
 
Quote from kalzayani:

Hello all..
I think with euro...we are right on the edge for it turn
Might be another week..
More...
That's why I'm long this morning at 1.1907. With a 'stop' (haha that's been a dirty word around here this morning) just below 1.1850. I'm not buying into all of this talk about a 1.1500 Euro. Don't really believe the dollar will sustain much higher. But the net capitol inflow data is what was really surprising. I think around 90b. Seems that the Europeans are intent on supporting our trade and account deficits.
Anyway, a solid break below 1.1850 might change my opinion.
 
Quote from wep56:

That's why I'm long this morning at 1.1907. With a 'stop' (haha that's been a dirty word around here this morning) just below 1.1850. I'm not buying into all of this talk about a 1.1500 Euro. Don't really believe the dollar will sustain much higher. But the net capitol inflow data is what was really surprising. I think around 90b. Seems that the Europeans are intent on supporting our trade and account deficits.
Anyway, a solid break below 1.1850 might change my opinion.
More...

I think Ur right...but even if does go up...
1.2100 would most likely be the highest...then it might stay east for a good month...for the next drop to 1.15...maybe even 1.10
 
might do this for next week...with 50 pip stop and 15 trail pt 45 pips for Cable
10/19/2005 17:00 1.7634 1.7379
10/20/2005 17:00 1.7634 1.7378
10/21/2005 17:00 1.7633 1.7377
10/23/2005 17:00 1.7631 1.7376
10/24/2005 17:00 1.7632 1.7376
10/25/2005 17:00 1.7633 1.7377
10/26/2005 17:00 1.7634 1.7378
10/27/2005 17:00 1.7635 1.7379
10/28/2005 17:00 1.7637 1.7381
10/29/2005 17:00 1.7639 1.7383

and GBP/JPY
with a 45 piP STOP AND 30 Trail
Target 100 pips

10/19/2005 17:00 203.8307 201.4492
10/20/2005 17:00 203.8253 201.4438
10/21/2005 17:00 203.8296 201.4480
10/22/2005 17:00 203.8337 201.4521
10/24/2005 17:00 203.8446 201.4629
10/25/2005 17:00 203.8440 201.4623
10/26/2005 17:00 203.8400 201.4584
 
Quote from kalzayani:

I think Ur right...but even if does go up...
1.2100 would most likely be the highest...then it might stay east for a good month...for the next drop to 1.15...maybe even 1.10
More...
Yeah, I'm thinking in near term and looking at 1.2100 as a top. Good place to go short no doubt. Until the FOMC release in a couple of weeks, I think the range 1.1850-1.2120 will hold. Without any major news event, there is nothing to drive the market to either side. So for now, I'm looking for profit taking in the USD to be a factor.
Are those your trading ranges for cable next week??
 
Quote from wep56:

Yeah, I'm thinking in near term and looking at 1.2100 as a top. Good place to go short no doubt. Until the FOMC release in a couple of weeks, I think the range 1.1850-1.2120 will hold. Without any major news event, there is nothing to drive the market to either side. So for now, I'm looking for profit taking in the USD to be a factor.
Are those your trading ranges for cable next week??
More...

Yes wep..they are...U think they OK?

Usually I PT with 1/3 the range as max

these are EurCAD...seems time is soon to long this pair
GL..
KaL.. :)

10/19/2005 17:00 1.4174 1.3963
10/20/2005 17:00 1.4174 1.3964
10/21/2005 17:00 1.4174 1.3964
10/22/2005 17:00 1.4173 1.3962
10/23/2005 17:00 1.4172 1.3962
10/24/2005 17:00 1.4172 1.3962
10/25/2005 17:00 1.4174 1.3963
10/26/2005 17:00 1.4174 1.3963
10/27/2005 17:00 1.4175 1.3964
10/28/2005 17:00 1.4176 1.3966
10/29/2005 17:00 1.4178 1.3968
 
Yeah Kalz, I think that your cable projections are just as legitimate as anyone elses. But I think that 1.7700 is possible.
Today cable is straight up for the past 8 hours. Dragging the Euro right along with it. Very impressive and making my counter move in the Euro look good.
The hammer that formed on yesterdays daily (cable) turned into a powerfull move. Hope that you are catching some of it.
 
Quote from wep56:

Yeah Kalz, I think that your cable projections are just as legitimate as anyone elses. But I think that 1.7700 is possible.
Today cable is straight up for the past 8 hours. Dragging the Euro right along with it. Very impressive and making my counter move in the Euro look good.
The hammer that formed on yesterdays daily (cable) turned into a powerfull move. Hope that you are catching some of it.
More...

Thanks web...this is Hourly for euro
the right most Index is what I think as the trend
if U like , U copy onto excel and chart...
The index is like "follow me" while using the ranges...
I think euro has one more drop...small into the next two days IMHO...but U this stuff is hard to come up with.. LOL

TIA and GL
KaL
10/19/2005 11:00 1.2006 1.1961 100.01%
10/19/2005 12:00 1.2006 1.1961 100.01%
10/19/2005 13:00 1.2006 1.1961 100.01%
10/19/2005 14:00 1.2006 1.1961 100.01%
10/19/2005 15:00 1.2006 1.1961 100.01%
10/19/2005 16:00 1.2006 1.1961 100.01%
10/19/2005 17:00 1.2006 1.1961 100.01%
10/19/2005 18:00 1.2006 1.1961 100.01%
10/19/2005 19:00 1.2006 1.1960 100.01%
10/19/2005 20:00 1.2006 1.1960 100.01%
10/19/2005 21:00 1.2006 1.1960 100.01%
10/19/2005 22:00 1.2005 1.1960 100.01%
10/19/2005 23:00 1.2005 1.1960 100.00%
10/20/2005 0:00 1.2005 1.1960 100.00%
10/20/2005 1:00 1.2005 1.1959 100.00%
10/20/2005 2:00 1.2004 1.1959 99.99%
10/20/2005 3:00 1.2004 1.1959 99.99%
10/20/2005 4:00 1.2004 1.1959 99.99%
10/20/2005 5:00 1.2004 1.1959 100.00%
10/20/2005 6:00 1.2004 1.1959 100.00%
10/20/2005 7:00 1.2004 1.1959 100.00%
10/20/2005 8:00 1.2004 1.1959 100.00%
10/20/2005 9:00 1.2005 1.1959 100.00%
10/20/2005 10:00 1.2005 1.1959 100.00%
10/20/2005 11:00 1.2005 1.1960 100.00%
10/20/2005 12:00 1.2005 1.1960 100.00%
 
Funny thread. Marky is right, Wep is wrong, period. Uniform rules and terminology apply across all products (futures, FX, equities, etc.). A "stop" is the short-handed slang for "stop-loss". The order remains live unless cancelled. A "stop-limit" must be specified. Your broker doesn't care about your P/L or if it's an actual loss. Unfortunately, we've all had the situation that Wep describes happen to us if we've had any sort of career in this business. Wep should be look within and take measures to protect against that sort of sloppiness rather than looking to blame a broker or third-party. Wep claims to be trading for 12 years but clearly doesn't know the terminology. Congratulations on trading the Big contract. If your representations about your broker are correct, he is a mere newbie as well. Bottom line, "stop" is synonomous with "stop-loss" and is a market order if triggered and unless cancelled in either direction and for any purpose. A "stop-limit" is a limit order if triggered in either direction which may or may not be filled. You cannot place an above market sell or below market buy on a "stop", they are mere "limit" orders. If your broker is taking these as stops, he is either tolerating your lack of industry knowledge or he is mistaken himself.
 
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