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:: Cable (GBPUSD) Trend Trading ::

  • #241
  • May 8, 2007 5:04am May 8, 2007 5:04am
My mother always told me that breakfast is teh most important meal of the day. Who am I to differ from her?
  • #242
  • May 8, 2007 5:06am May 8, 2007 5:06am
We need to get above 1.996 to look for further upside with a chance of 1.9978 & 2 as it stands in an intraday bearish channel ATM. I can feel a Sell Limit coming on. Just checking.

http://www.tradingcentral.com/chart/...0508100817.GIF

Do not focus on making money; focus on protecting what you have.
  • #243
  • May 8, 2007 5:07am May 8, 2007 5:07am
Quoting Francois
My mother always told me that breakfast is teh most important meal of the day. Who am I to differ from her?
It sets you up for the day.
Do not focus on making money; focus on protecting what you have.
  • #244
  • May 8, 2007 5:07am May 8, 2007 5:07am
are you getting out of the buy?
  • #245
  • May 8, 2007 5:15am May 8, 2007 5:15am
1.9945 SL 1.9965 TP 1.9915 Last 1.9930.
Do not focus on making money; focus on protecting what you have.
  • #246
  • May 8, 2007 5:21am May 8, 2007 5:21am
Quoting Francois
are you getting out of the buy?
No. IMO it will be okay but I may well scale out with a profit if we don't get above 2 today. Back to break even ATM for me. The Sell Limit is to catch a dip. It's only small - loads of support below.

The Long SL is 1.9830, I don't see a dip to there for this trade. Famous last words? Only time will tell.
Do not focus on making money; focus on protecting what you have.
  • #247
  • May 8, 2007 5:24am May 8, 2007 5:24am
Quoting Why Oh Why
1.9945 SL 1.9965 TP 1.9915 Last 1.9930.
Last 1.9937.
Do not focus on making money; focus on protecting what you have.
  • #248
  • May 8, 2007 5:46am May 8, 2007 5:46am
Out for lunch now. See you in a few hours. Last 1.9925. 5 long now at 5 open loss each.
Do not focus on making money; focus on protecting what you have.
  • #249
  • May 8, 2007 6:20am May 8, 2007 6:20am
LOL WOW.....dont they call it "brunch"?

I´m thinking my 9905 limit may be a tad ambitious, so bought a partial at 25 and a bunch of Euros too.

I see cable actually had a higher low by 1 pip as the euro was making new lows at 3550, so the low may be in for today.
Trading Levels with WRBs
  • #250
  • May 8, 2007 8:22am May 8, 2007 8:22am
Quoting Islander
LOL WOW.....dont they call it "brunch"?
It's all a bit tedious again today. Brunch would be right if I hadn't come back I guess. Because my breakfast would have gone in to lunch. As it is I'm now thinking about going for a few beers.
Do not focus on making money; focus on protecting what you have.
  • #251
  • May 8, 2007 8:38am May 8, 2007 8:38am
A few beers sounds like a good idea cos not much else is going on! Great thread by the way.
  • #252
  • May 8, 2007 9:13am May 8, 2007 9:13am
Quoting proctorforex
A few beers sounds like a good idea cos not much else is going on! Great thread by the way.
I'm going long on a few beers... now! They'll hit my TP straight away. Catch you all later. Back to near Sell Limit #7. Last 1.9937. It's like watching paint dry.
Do not focus on making money; focus on protecting what you have.
  • #253
  • May 8, 2007 9:24am May 8, 2007 9:24am
Just as I wrote that we get a drop so the second Buy Limit at 1.9915 opened. So it looks like being a day with a bit of volatility after all. But not in my direction. 17 and 32 pips adrift ATM. Then we'll reverse. I trust. I'm really going out now.
Do not focus on making money; focus on protecting what you have.
  • #254
  • May 8, 2007 11:05am May 8, 2007 11:05am

http://www.tradingcentral.com/chart/...0508170740.GIF

Do not focus on making money; focus on protecting what you have.
  • #255
  • May 8, 2007 11:38am May 8, 2007 11:38am
I´m long at 925 and 898 - and cross that I was too slow to take profit at 940 just before it dropped 50 pips!

I´d also like to see a move above the 900 level - 898 again now - currently the Euro´s + 20 on its low vs + 8 for cable.
Trading Levels with WRBs
  • #256
  • May 8, 2007 12:17pm May 8, 2007 12:17pm
Quoting Islander
I´m long at 925 and 898 - and cross that I was too slow to take profit at 940 just before it dropped 50 pips!
Last 1.9898 again and I'm 17 and 32 in the hole ATM. 1.989 is critical though. A drop below may cause a challenge. That's it for me today. Only 70 pips on the week and the risk is there to take all that away and loads more. Will it be my first losing week in this journal? Maybe. We'll see. Back in 12 hours. Good luck Islander. And everyone.
Do not focus on making money; focus on protecting what you have.
  • #257
  • May 8, 2007 1:06pm May 8, 2007 1:06pm
Holding thumbs and big toes it turns around soon
  • #258
  • May 8, 2007 9:30pm May 8, 2007 9:30pm
Quoting Why Oh Why
Last 1.9898 again and I'm 17 and 32 in the hole ATM. 1.989 is critical though. A drop below may cause a challenge. That's it for me today. Only 70 pips on the week and the risk is there to take all that away and loads more. Will it be my first losing week in this journal? Maybe. We'll see. Back in 12 hours. Good luck Islander. And everyone.
Looks like 1.9850 is also a very important level going back to 1 Dec 2006, the 200 ema comes in around this level on 4 hr chart also.

A turn up here at 1.9898 would be nice for the right shoulder of an inverted H + S on 4 hr??
  • #259
  • May 8, 2007 10:42pm May 8, 2007 10:42pm
Quoting slick 60
Hey Gambling Guru
Let's start your thread off with some contrarian opinion here:

"For the purpose of this journal it will run until September 2007 or until cable hits 2.0510, whichever is sooner.

I have an outstanding trade for last week here which I'll now comment on within this journal with only the odd post there. The stop was very tight - only 50 pips - with TP in the distance at 2.0510. I've locked in a guaranteed 45 pips regardless if it hits the SL now. I would not be surprised if we see 2.0510 at the end of July or mid September 2007.

I also have an outstanding buy limit here.

There we go I've nailed my colours to the mast. And I start posting here on Monday 23rd April 2007."

On this quote I am saying Sept 07 will come sooner than 2.0510. Also if we have not topped right now for the next pullback it is only a whisker away. Cable will be down below 1.9182 into the July 11/07 timeframe. Possible it could shoot up 1500 pips in two months though into September.
I am basing this opinion on Elliott Wave analysis and Delta Phenomenon timing.
You bet the pound is grossly overvalued and I think we should buy any bad news that comes out for the dollar over the next two months. What is going to happen - Who knows? Let alone the economists.
Look forward to reading your posts.

slick 60
Look at this post I made back in Dec. of last year.

http://www.forexfactory.com/showpost...postcount=1820
  • #260
  • May 8, 2007 10:52pm May 8, 2007 10:52pm
Quoting Vantage
Looks like 1.9850 is also a very important level going back to 1 Dec 2006, the 200 ema comes in around this level on 4 hr chart also.

A turn up here at 1.9898 would be nice for the right shoulder of an inverted H + S on 4 hr??
i agree with u Vantage. on 4H today maybe the price will pull back and test 1.9920 first before it will continue down trend .. my idea, same like u . on 4H there's MA200 waiting the price at 1.9850. so i'll wait the price to bounce back then i'll trade ... any comments ?

sorry for my english, i hope u understand
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