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:: Cable (GBPUSD) Trend Trading ::

  • #441
  • May 15, 2007 8:52pm May 15, 2007 8:52pm
1.9797 SL 1.9697 TP 1.9997 . Last 1.9853.
Do not focus on making money; focus on protecting what you have.
  • #442
  • May 15, 2007 9:10pm May 15, 2007 9:10pm
1.9863 SL 1.9893 TP 1.9803. Last 1.9848.
Do not focus on making money; focus on protecting what you have.
  • #443
  • May 15, 2007 9:14pm May 15, 2007 9:14pm
Quoting Why Oh Why
1.9755 SL 1.9655 TP 1.9855. Last 1.9790.
Last 1.9851.
Do not focus on making money; focus on protecting what you have.
  • #444
  • May 15, 2007 9:50pm May 15, 2007 9:50pm
And catch you later. Off to the airport and back in about six hours. Have a great day everyone.
Do not focus on making money; focus on protecting what you have.
  • #445
  • May 15, 2007 10:50pm May 15, 2007 10:50pm
Quoting Why Oh Why
Now profit taking. Who would trade news today? Not even me - and I don't mind a gamble.
Have a look at Harmonic Wave Journal by Traex, quite remarkable trading before the news.
  • #446
  • May 16, 2007 7:19am May 16, 2007 7:19am
Quoting Why Oh Why
1.9863 SL 1.9893 TP 1.9803. Last 1.9848.
Last 1.9823. Exited 4 lots for 160 pips and SL moved to break even for las lot to Profit Lock. TP not hit yet - low was 1.9807 a couple of hours ago. Buy limits remain outstanding.
Do not focus on making money; focus on protecting what you have.
  • #447
  • May 16, 2007 7:20am May 16, 2007 7:20am
Quoting Vantage
Have a look at Harmonic Wave Journal by Traex, quite remarkable trading before the news.
Thanks. Will do.
Do not focus on making money; focus on protecting what you have.
  • #448
  • May 16, 2007 7:30am May 16, 2007 7:30am
That was a good trade WOW.
  • #449
  • May 16, 2007 7:30am May 16, 2007 7:30am
A large UK bank is raising its UK rate forecast, expects a hike to 5.75% in July.
Do not focus on making money; focus on protecting what you have.
  • #450
  • May 16, 2007 7:32am May 16, 2007 7:32am
Quoting Why Oh Why
A large UK bank is raising its UK rate forecast, expects a hike to 5.75% in July.
A large Swiss for August...

Looks like BOE inflation report is showing its outcome... Overall, it was a pretty hawkish report and GBP selling a surprising reaction...

Well, "surprising reactions" about Cable these last 2 weeks are becoming daily business here.
  • #451
  • May 16, 2007 7:34am May 16, 2007 7:34am
Quoting proctorforex
That was a good trade WOW.
Just needed it to go a bit lower - 1.9797 was in sight - to scoop up another Buy Limit and that would have been magic. It was only another 10 drop and, IMO, I couldn't have wanted better! C'est la vie.
Do not focus on making money; focus on protecting what you have.
  • #452
  • May 16, 2007 7:36am May 16, 2007 7:36am
Quoting cesarnc
Well, "surprising reactions" about Cable these last 2 weeks are becoming daily business here.
Just a good job we're doing ok again this week. You closed any longs you had from last week yet? The ones we were in the shit on?
Do not focus on making money; focus on protecting what you have.
  • #453
  • May 16, 2007 7:43am May 16, 2007 7:43am
Quoting Why Oh Why
Just a good job we're doing ok again this week. You closed any longs you had from last week yet? The ones we were in the shit on?
Long time.... UJs are my big winners today... first time for a long time I'm in the biggest winner in the right direction.

  • #454
  • May 16, 2007 7:47am May 16, 2007 7:47am
Quoting cesarnc
Long time.... UJs are my big winners today... first time for a long time I'm in the biggest winner in the right direction.
Everything good comes to those who wait.
Do not focus on making money; focus on protecting what you have.
  • #455
  • May 16, 2007 7:52am May 16, 2007 7:52am
Quoting Why Oh Why
Everything good comes to those who wait.
Specially in what concerns to USDJPY, believe me... This pair gives me awesome trades since I've learned to place the trades, buy limits and just forget them for DAYS
  • #456
  • May 16, 2007 8:25am May 16, 2007 8:25am
Quoting Why Oh Why
1.9797 SL 1.9697 TP 1.9997 . Last 1.9853.
Last 1.9803. IMO it may also drop to catch the other one at 1.9755. Not too bothered if it doesn't on this occasion. 5 long now at 4 pips each. Last 1.9801.
Do not focus on making money; focus on protecting what you have.
  • #457
  • May 16, 2007 8:26am May 16, 2007 8:26am
Quoting Why Oh Why
Just needed it to go a bit lower - 1.9797 was in sight - to scoop up another Buy Limit and that would have been magic. It was only another 10 drop and, IMO, I couldn't have wanted better! C'est la vie.
I should have waited another hour then my "magic" would have happened. Never mind.
Do not focus on making money; focus on protecting what you have.
  • #458
  • Edited 8:31am May 16, 2007 8:31am | Edited 8:31am
Quoting Why Oh Why
Last 1.9803. IMO it may also drop to catch the other one at 1.9755. Not too bothered if it doesn't on this occasion. 5 long now at 4 pips each. Last 1.9801.
The 30-min RSI was supported by a rising trend line. Now below 1.981 look for further downside to 1.9775 & 1.975.

http://www.tradingcentral.com/chart/...0516164924.GIF

Do not focus on making money; focus on protecting what you have.
  • #459
  • May 16, 2007 8:33am May 16, 2007 8:33am
And there was me thinking you were totally clairvoyant...
  • #460
  • May 16, 2007 8:35am May 16, 2007 8:35am
Quoting Why Oh Why
Last 1.9803. IMO it may also drop to catch the other one at 1.9755. Not too bothered if it doesn't on this occasion. 5 long now at 4 pips each. Last 1.9801.
Last 1.9787. Now in the hole for 10 each on 5. Par for the course. Low 1.9780.
Do not focus on making money; focus on protecting what you have.
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