Did anyone else lose THOUSANDS over the weekend because their stops werent hit, or was it just me? FXCM are basically saying tough sh*t and deal with it...

unfotunately 4x and the weekends don't mix for me. i'm closing all my positions before the weekend now!!!

I was short at 107.45 of usd/jpy on Friday with sl 108.60 and left it over the weekend. 130 pips loss.

Jeez, the losses are excrutiating!!!! 200 pip loss!!!! God, i wish i put my stops on but i was so sure!!!! The big question now is...... is this gonna back down another 200-300 pips... or escalate inot the 80s...... cmellon?

Best of luck everyone (in this trading environment, we gonna need it)

200 pips...you guys are lucky i got hit by 900 almost!

EDIT:1200 pips worth!

hey cmellon

where did you put ur long orders. did they get hit?

Put them at 7655 last Friday after I saw a shot up to 7740. Luckily, price indeed retraced.

Had 4 long positions at average of 1.7710 last friday and closed it at a gain of 100 pips per position this morning (was too conservative in my TPs). I believe that this was IDT 9 (it reached a high of 1.7820++ although your chart shows that the date would be about Sept 12) and we are on the way down to IDT 10. Is this a possible interpretation of the charts?

thanks for your quick reply. As mentioned i am already out of my 6 (not 4 as originally mentioned) long positions. pound is now recovering again, tempted to get in again but worried that the MTD counts can go both ways. Probably the best action is to wait until sept 23, thereabouts. Can you tell me again what is the best book i can start reading about MMatrix and delta counts?

Anybody consider short from 1.7840-1.7900?

I think going short at this point can be dangerous. Just my suggestion. Instead I would prefer to buy on dips if given the chance.

Regards
-PE

ITD 9 maybe can target at least the price gap at 8100 level, if not more. This also happens to be 50 fib from Aug 25 - Sep 5.

After seeing the GBP-Daily MTD chart, I printed out a hard copy. Now i don't see it in the forum where it once was. However, you projected that MTD 5 may bounce of the lowest price point reached by ITD 8, which would really bolster the postulation that LTD 12 is already in. If this is the case then ITD 10, could not be lower than MTD 5, or is it still possible?

Which gap gets filled first 1.8150 or 1.7650?

Not willing to risk any capital trying to find out. Will stay out of the market for now

Wow, that was a fast post of the chart and subsequent pullout... good that i was able to save the new ITD daily chart (yes I have a hard copy of the previous one). so the ideal scenario: we go long (TP 8100) on the way to ITD 9 (about Sept 12), experience a dip, then go long (TP 8900) we reach MTD 4 early Oct, then go short (max bottom 7535) early to mid Nov., then go long up to possible 1.92 on the way to IDT 13. Of course, this is just a possibility but does this sum up the possible ways to gain (or lose) using the charts?