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:: Cable (GBPUSD) Trend Trading ::

  • #141
  • May 2, 2007 7:32am May 2, 2007 7:32am
O/S?
  • #142
  • May 2, 2007 7:41am May 2, 2007 7:41am
Quoting Francois
O/S?
O/S - outstanding. 3 out of 5 long still open - O/S - outstanding.
Do not focus on making money; focus on protecting what you have.
  • #143
  • May 2, 2007 7:50am May 2, 2007 7:50am
1.9910 SL 1.9950 TP 1.9855 Last 1.9914 It's capped by an intraday declining trend line.

http://www.tradingcentral.com/chart/...0502140325.GIF

Do not focus on making money; focus on protecting what you have.
  • #144
  • May 2, 2007 7:54am May 2, 2007 7:54am
Quoting Why Oh Why
1.9910 SL 1.9950 TP 1.9855 Last 1.9914. It's capped by an intraday declining trend line.
Within seconds of posting the above. It started at 1.9920 and I kept changing the Last price above as it was falling!
Do not focus on making money; focus on protecting what you have.
  • #145
  • May 2, 2007 7:59am May 2, 2007 7:59am
Quoting Why Oh Why
Much appreciated. Ok on the week still though. And I hope to Profit Lock again on the O/S long soon. It's in profit now with a lower entry level. Last 1.925 with 30 open pips on each of 5 lots. In fact, as I write I have now exited 2 lots for 60 pips to bring the loss on the day down to 190.
No Profit Lock yet. Last 1.9910 now and back to open profit of 15 pips on each of 3. But TP and SL are unchanged.
Do not focus on making money; focus on protecting what you have.
  • #146
  • May 2, 2007 8:06am May 2, 2007 8:06am
But not for much longer I think. I favour short ATM.
Do not focus on making money; focus on protecting what you have.
  • #147
  • May 2, 2007 8:34am May 2, 2007 8:34am
From from the trenlines of daily looks like a close below 1.9900 would signal a bear run ...


Any thoughts ...
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  • #148
  • May 2, 2007 9:12am May 2, 2007 9:12am
Quoting Why Oh Why
But not for much longer I think. I favour short ATM.
The Euro´s also selling off now, so looks as if Fridays low of 9862 will be tested - also around the 50% fibo of the larger rally. Having taken a loss on some longs, I´ll think about buying there.
Trading Levels with WRBs
  • #149
  • May 2, 2007 10:48am May 2, 2007 10:48am
Yeah guys - I tend to agree with you both. But a bit dull right now. Been on the phone solidly for the last 2 hours. Back in a moment with more. The positions are both still in profit - but that can't last and I still favour the short and may exit the longs. Just checking validity. Thanks for your posts and views. Great to see you.
Do not focus on making money; focus on protecting what you have.
  • #150
  • May 2, 2007 11:06am May 2, 2007 11:06am
Quoting Why Oh Why
But not for much longer I think. I favour short ATM.
Now I don't favour the short. The 30-min RSI is showing a reversal sign. A bounce has occured around the 1.9865 support area. 20 pips away from my TP.
Quoting Why Oh Why
1.9910 SL 1.9950 TP 1.9855 Last 1.9914 It's capped by an intraday declining trend line.
Last 1.9910. Tricky today. Sell Stop. #1. Exited at break even after spread. And that's it from me today guys. Thanks to everyone who dropped in and especially those that posted - all views welcome. 3 long remain open and unchanged with 11 pips showing. TTFN.

http://www.tradingcentral.com/chart/...0502171455.GIF

Do not focus on making money; focus on protecting what you have.
  • #151
  • May 2, 2007 11:35am May 2, 2007 11:35am
I´m tempted to take a small short, but with the Euro still holding above its 5 min 34 ema, which is still rising, I think I´ll pass and have a sundowner instead!
Thanks WOW for your updates, hasta manaña.
Trading Levels with WRBs
  • #152
  • May 2, 2007 12:48pm May 2, 2007 12:48pm
Quoting Why Oh Why
1.9895 SL 1.9845 TP 1.9995 Last 1.9944.
Not happy with it being open over my night. Exited for 11 pips on each of 3 lots. A loss on the day of 157 pips but the week still looks good - so far. Everything closed now - more in 10 hours. Bye again. And thanks for your thoughts Islander. I trust we're both right a drop is imminent but I'm just not that confident to short ATM.
Do not focus on making money; focus on protecting what you have.
  • #153
  • May 2, 2007 9:37pm May 2, 2007 9:37pm
I just read through the thread and i am impressed master WhyoWhy

THUMBS UP! I follow this with much interest! All the best and best wishes from bavaria !
  • #154
  • May 2, 2007 11:40pm May 2, 2007 11:40pm
Great to see you again. With my bullish view this is proving harder than anticipated. It's just going against where I feel cable should head - I didn't anticipate this so it's becoming more challenging. 1.9929 is key ATM - but I'll be short again soon I feel. Thanks for dropping in.
Do not focus on making money; focus on protecting what you have.
  • #155
  • May 2, 2007 11:54pm May 2, 2007 11:54pm
I'm bullish today. But the way we're moving at the moment I'll be lucky to make enough to buy a new mop.
Gone to a better place
  • #156
  • May 3, 2007 12:15am May 3, 2007 12:15am
1.9925 SL 1.9995 TP 1.9835. Last 1.9904.

The US payrolls on Friday may be the catalyst needed to see a larger directional move. The services PMI is out in 3 hours for the UK today. Services are around 80% of the UK economy, so this indicator does have some importance. It may come out lower and, as long as the order above opens before it does, then that'll help it along the way. The cause for concern is if it comes out higher.

In 7 hours the US ISM Non-Manufacturing index hits. ISM Non-Manufacturing is generally a dog, but it can move, and sometimes move big, if the price action warrants it and the deviation is big enough.
Do not focus on making money; focus on protecting what you have.
  • #157
  • May 3, 2007 12:23am May 3, 2007 12:23am
Quoting smikester
I'm bullish today. But the way we're moving at the moment I'll be lucky to make enough to buy a new mop.
Thanks for dropping in smikester.
Do not focus on making money; focus on protecting what you have.
  • #158
  • May 3, 2007 12:48am May 3, 2007 12:48am
Quoting smikester
I'm bullish today. But the way we're moving at the moment I'll be lucky to make enough to buy a new mop.
LOL, your mop would be useful here at the moment....its raining cats & dogs!

Thanks for the update WOW.....I see we´re 10 pips from when I last posted 13 hours ago - some action. It looks as if the Euro´s been slightly more active in the last couple of hours, so I´m keeping a watch on what its doing and I´d also favour getting short from the 920s if we get there....I´ll see what the FO and LO bring.
Trading Levels with WRBs
  • #159
  • May 3, 2007 12:48am May 3, 2007 12:48am
Quoting Why Oh Why
1.9925 SL 1.9995 TP 1.9835. Last 1.9904.
Is it gonna leave without me? Last 1.9894.
Do not focus on making money; focus on protecting what you have.
  • #160
  • May 3, 2007 12:52am May 3, 2007 12:52am
Quoting Islander
LOL, your mop would be useful here at the moment....its raining cats & dogs!

Thanks for the update WOW.....I see we´re 10 pips from when I last posted 13 hours ago - some action. It looks as if the Euro´s been slightly more active in the last couple of hours, so I´m keeping a watch on what its doing and I´d also favour getting short from the 920s if we get there....I´ll see what the FO and LO bring.
Not a cloud in the sky. It'll be a shame if we don't get in on this but they'll be another one if we miss it.
Do not focus on making money; focus on protecting what you have.
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