DislikedAlthough cable is not really doing anything except cruise between one SR and another these past months I thought that a break through the previous high in this apparant return trip to 1.67 or higher was worth a trade. I realise that this is not classic PASR so expect the usual amount of abuse for this trade entry 16248 stop 16128 very small $/pip.
It really is hard to ignore the way cable seems to drift between these SR's.
LarryIgnored
But why would you expect ‘the usual amount of abuse for this trade’ if you can justify it on the basis of price? Is there a hint of doubt in your mind? I know Strat can seem harsh sometimes but it is only because he hates seeing people putting their hard earned (usually) money at risk by taking trades that have low probability of success. After all if we could all trade successfully without driving ourselves nuts with worry we wouldn’t be on this thread would we?
It isn’t always pleasant I agree, and I’ve been on the end of it as well, but one learns to ride it out because the over all goal is worth it.
A few posts back Strat wrote this about Cable:
Then again............. he may go for you anyway just for the hell of it! lol
At least you posted your trade. I'm certainly not posting one I made on Tuesday which I closed myself today.............now that really WAS a silly trade. When I went back through it I can't believe how stupid it was. Fortunately the money was very small, but the stupidy was astronomical and broke ALL the rules. One lives and learns my friend, one lives and learns. Control is of the essence, without doubt. I just hope I learn it!