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:: Cable (GBPUSD) Trend Trading ::

  • #181
  • May 3, 2007 8:06am May 3, 2007 8:06am
I closed 3 lots at 2.0001 for 72 pips profit. 4 lots still O/S
  • #182
  • May 3, 2007 8:09am May 3, 2007 8:09am
Quoting Francois
your 9938 entry would have been near perfect. Hindsight can be so handy. But I am rejoicing. We are in profit territory!!!
Yup. Wish I'd taken it near that level. I did think about it because if it was gonna turn there was a good chance it would be a few pips higher than my more conservative entry. Then I thought about extra. Funny, I would have had no problem loading long because that's what I'm more comfortable with right now.
Quoting Islander
Better than expected Non Farm Production data - 1.7 vs 1.0% - gave it a nice kick down and enabled me to exit with a small profit - I´m now flat.

Given the slightly positive bias this morning, I´m not certain that it will fall much more before the ISM data at 10 est. I´ll wait for the data before considering another trade.
Maybe best mate. I'm considering bringing in the SL to break even. Just checking. Nice we've all got profit today. Last 9905.
Do not focus on making money; focus on protecting what you have.
  • #183
  • May 3, 2007 8:12am May 3, 2007 8:12am
Quoting Francois
I closed 3 lots at 2.0001 for 72 pips profit. 4 lots still O/S
Today? I've just got back from lunch and I've had a few drinks but I can't see the price Francois. Maybe my age. I am getting on, you know.
Do not focus on making money; focus on protecting what you have.
  • #184
  • May 3, 2007 8:15am May 3, 2007 8:15am
I moved my SL on remaining 4 lots to 0020. I would be happy with 112 pips for the day. It was a quiet day thusfar, there is always NFP tomorrow
  • #185
  • May 3, 2007 8:17am May 3, 2007 8:17am
I saw it go down as low as 9895 at about 1:10 GMT.
  • #186
  • May 3, 2007 8:18am May 3, 2007 8:18am
Watching the action since the NFP data, it seemed to me that both the Euro and Swissy were leading cable in their dollar positive response and that cable was not so inclined to fall.

Having said that, it is now back under its 5m 200 ema which is flat at 9916.....difficult for me to make any decision whilst its dickering around like this, so I´ll take another break till 10.
Trading Levels with WRBs
  • #187
  • May 3, 2007 8:19am May 3, 2007 8:19am
Quoting Francois
I moved my SL on remaining 4 lots to 0020. I would be happy with 112 pips for the day. It was a quiet day thusfar, there is always NFP tomorrow
Good for you mate. As long as we're all in the money, that's all that matters.
Quoting Francois
I saw it go down as low as 9895 at about 1:10 GMT.
Do not focus on making money; focus on protecting what you have.
  • #188
  • May 3, 2007 8:27am May 3, 2007 8:27am
Quoting Why Oh Why
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.
Waiting. ISM Out in 30 minutes.
Quoting Islander
Watching the action since the NFP data, it seemed to me that both the Euro and Swissy were leading cable in their dollar positive response and that cable was not so inclined to fall. Having said that, it is now back under its 5m 200 ema which is flat at 9916.....difficult for me to make any decision whilst its dickering around like this, so I´ll take another break till 10.
You and me both. If in doubt, my grandmother used to say, do nowt. So I'm staying 3 short for the moment. IMO market sentiment of the day does have a hand in what happens after the ISM.
Do not focus on making money; focus on protecting what you have.
  • #189
  • May 3, 2007 8:43am May 3, 2007 8:43am
Quoting Why Oh Why
1.9925 SL 1.9995 TP 1.9835. Last 1.9904.
Sell Limit. #2 SL moved to breakeven at 1.9925 to Profit Lock. Last 1.9895 3 short remaining for 30 each.
Do not focus on making money; focus on protecting what you have.
  • #190
  • May 3, 2007 9:09am May 3, 2007 9:09am
Quoting Why Oh Why
Sell Limit. #2 SL moved to breakeven at 1.9925 to Profit Lock. Last 1.9895 3 short remaining for 30 each.
Brought in to 1.9895 to Profit Lock another 90 pips - 3 short remain. Trade #2 will now hit TP or SL for Profit Locked minimum 130 pips. I may scale out another couple of lots soon and leave 1 to run if it drops again. Last 1.9880.
Do not focus on making money; focus on protecting what you have.
  • #191
  • May 3, 2007 9:16am May 3, 2007 9:16am
TP is 9835 and last is 9878.

http://www.tradingcentral.com/chart/...0503155456.GIF

Do not focus on making money; focus on protecting what you have.
  • #192
  • May 3, 2007 9:22am May 3, 2007 9:22am
I moved my SL too short and it got hit ay 9884. 4 lots closed at that level. 164 pips. That gives me 236 pips on Sell#2.

Thank you Whyohwhy, I see Im gonna need to buy you a few long drinks one day Will do that gladly
  • #193
  • May 3, 2007 9:22am May 3, 2007 9:22am
1.9815 SL 1.9715 TP 1.9995. Last 1.9870.
Do not focus on making money; focus on protecting what you have.
  • #194
  • May 3, 2007 9:25am May 3, 2007 9:25am
Hey Gambling guru,

I m having postions in GBP/USD at 2.012. So what to i do with that.? shall i close at this price level or hold on..If hold on then at which lelve??
plzzzzzzzzzzzzz. suggest me ASAP. as i m having trouble

Bye
  • #195
  • May 3, 2007 9:26am May 3, 2007 9:26am
Quoting Francois
I moved my SL too short and it got hit ay 9884. 4 lots closed at that level. 164 pips. That gives me 236 pips on Sell#2.

Thank you Whyohwhy, I see Im gonna need to buy you a few long drinks one day Will do that gladly
I'm glad you profited as well. I'm in Malta now, France in June then over to Hong Kong. You anywhere near? I always like a free drink. Have a great day.
Do not focus on making money; focus on protecting what you have.
  • #196
  • May 3, 2007 9:29am May 3, 2007 9:29am
Nope, I am way south. In South Africa, but you welcome to come for the last bit of summer. Weather is still great here, as always
  • #197
  • May 3, 2007 9:32am May 3, 2007 9:32am
Quoting gurugs
I m having postions in GBP/USD at 2.012. So what to i do with that.? shall i close at this price level or hold on..If hold on then at which lelve?? plzzzzzzzzzzzzz. suggest me ASAP. as i m having trouble
And related matters. Sorry. Try starting a thread here.
Do not focus on making money; focus on protecting what you have.
  • #198
  • May 3, 2007 9:33am May 3, 2007 9:33am
Quoting Francois
Nope, I am way south. In South Africa, but you welcome to come for the last bit of summer. Weather is still great here, as always
A friend from Malta may be moving there soon so I'll be over at least once a year. I'll keep you informed.
Do not focus on making money; focus on protecting what you have.
  • #199
  • May 3, 2007 9:35am May 3, 2007 9:35am
good, have a great evening, see you all tomorrow
  • #200
  • May 3, 2007 9:37am May 3, 2007 9:37am
Quoting Why Oh Why
Brought in to 1.9895 to Profit Lock another 90 pips - 3 short remain. Trade #2 will now hit TP or SL for Profit Locked minimum 130 pips. I may scale out another couple of lots soon and leave 1 to run if it drops again. Last 1.9880.
Brought in to 1.9885 to Profit Lock another 30 pips - 3 short remain. Last 1.9865.
Do not focus on making money; focus on protecting what you have.
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