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:: Cable (GBPUSD) Trend Trading ::

  • #521
  • May 18, 2007 1:43am May 18, 2007 1:43am
I still have one long position and I'm hoping for some catchup on the last few days to square off my week.

I won't be here at the release either, so fingers crossed for everyone.
  • #522
  • May 18, 2007 4:04am May 18, 2007 4:04am
Got stopped out due to the bad Retail Sales m/m figure. It's time to enjoy my weekend.

Good luck to those who are long and still in the trade.

Enjoy the weekend, mate.
  • #523
  • May 18, 2007 5:17am May 18, 2007 5:17am
Shame Zobo IMO with a lager stop you may still have had a profit. You have a good weekend too.

I'm still holding 10 long proctorforex and Navigator from 1.9797 and 1.9755 so I guess we're all in for a bit of a wait. Consumer sentiment in just under 4 hours might help us. Last 1.9722.
Do not focus on making money; focus on protecting what you have.
  • #524
  • Edited 5:57am May 18, 2007 5:54am | Edited 5:57am
Another 5 drop then to hit SL on 5 at 1.9702 printed a few minutes ago. Still holding on. But for how much longer? Last 1.9708
Do not focus on making money; focus on protecting what you have.
  • #525
  • May 18, 2007 6:04am May 18, 2007 6:04am
Quoting Why Oh Why
Another 5 drop then to hit SL on 5 at 1.9702 printed a few minutes ago. Still holding on. But for how much longer? Last 1.9708
Just got back. A few to go to my SL but looking at a pretty hefty loss if things dont improve soon.

I know what my sentiments are at the moment...

Now at 1.9705
  • #526
  • Edited 7:15am May 18, 2007 7:11am | Edited 7:15am
Quoting proctorforex
Just got back. A few to go to my SL but looking at a pretty hefty loss if things dont improve soon. I know what my sentiments are at the moment. Now at 1.9705
1.97 is/was strong support.

http://www.tradingcentral.com/chart/...0518122217.GIF

Do not focus on making money; focus on protecting what you have.
  • #527
  • May 18, 2007 9:18am May 18, 2007 9:18am
Quoting Why Oh Why
Another 5 drop then to hit SL on 5 at 1.9702 printed a few minutes ago. Still holding on. But for how much longer? Last 1.9708
A bit longer it would seem. But not out of the woods yet. The bears may yet pounce. Still holding 10 long. Last 1.9726.
Do not focus on making money; focus on protecting what you have.
  • #528
  • Edited 9:46am May 18, 2007 9:36am | Edited 9:46am
6 closed trades this week for 120, 156, 108, 101 and 160 pips on 5 lots on each occasion. And a loss of 200 pips for 5 lots. Got back the small loss from last week which brought me down to 703 pips for the previous three weeks. Journal to date 1248 pips over 4 weeks but we're still not going in the direction I anticipated. And so it continues. 545 pips for the week ATM. This will be edited if that figure changes before market close. 5 long open from 1.9797 and 1.9755, nothing closed today... yet! This could turn in to a losing week. 1000 pips on the table still.

We need to stay above 1.9733 for further upside with 1.9777 & 1.979 then possible. But another drop much below the 1.973 area may pose a problem and may cause further weakness. Last 1.9733. And that's it from me everyone. See you after the weekend, have a good one. I know I will.
Do not focus on making money; focus on protecting what you have.
  • #529
  • May 18, 2007 9:48am May 18, 2007 9:48am
smile from me, but it is going in the right direction for now.

Nerves of steel and legs of jelly!

Have a good weekend WOW and thanks for continuing with the journal.
  • #530
  • May 18, 2007 10:07am May 18, 2007 10:07am
Quoting Why Oh Why
We need to stay above 1.9733 for further upside with 1.9777 & 1.979 then possible.
Happier mate? And I'm really gone now. This may set the tone for next week. Last 1.9763.
Do not focus on making money; focus on protecting what you have.
  • #531
  • May 18, 2007 10:11am May 18, 2007 10:11am
I am glad it is moving in your favour without being stopped out at 1.9697
Regards
  • #532
  • May 18, 2007 10:24am May 18, 2007 10:24am
Quoting Why Oh Why
Happier mate? And I'm really gone now. This may set the tone for next week. Last 1.9763.
Much happier now! 1.9770.

Off to find some wine.

Cheers
  • #533
  • May 19, 2007 1:13am May 19, 2007 1:13am
Greatly appreciate this thread and info WOW.
I'm currently in what seems a way too long long with G/U, but you guys here make the time go by a bit easier!

cheers!

jules
Bring It...
  • #534
  • May 20, 2007 11:40pm May 20, 2007 11:40pm
Much appreciated Howard. And great to see you here Jules. We're not out of the woods yet PF. Last 1.9747.
Do not focus on making money; focus on protecting what you have.
  • #535
  • May 21, 2007 12:08am May 21, 2007 12:08am
Quoting Why Oh Why
Much appreciated Howard. And great to see you here Jules. We're not out of the woods yet PF. Last 1.9747.
No, it would seem not! Now 1.9736.
  • #536
  • May 21, 2007 12:24am May 21, 2007 12:24am
Quoting proctorforex
No, it would seem not! Now 1.9736.
But I'd be surprised if 1.97 support broke. To such an extent I'm even considering going long with a Buy Limit around that level.
Do not focus on making money; focus on protecting what you have.
  • #537
  • May 21, 2007 1:00am May 21, 2007 1:00am
Good morning all - I´m back in front of my screen and looking for a calmer week after several days at sea - even cable´s less stressful than spending half a day at 26 knots outrunning a gale - we tied up 30 mins before it hit!

Looking at my charts, I see that the Euro put in a higher low on Friday morning - OK, only by a couple of pips - whilst cable´s low was about 50 pips lower. So I´ll be watching how the Euro reacts for any hint of what cable will do if/when it gets back to the 9700 area.

Whilst I´m looking to buy, I´m worried that there might be a fake-out / stop hunting push down to the 9660 support area ( 50% retrace of 5 March to 18 April rally plus prior highs etc)

Let´s see what FO and LO bring this morning
Trading Levels with WRBs
  • #538
  • May 21, 2007 1:10am May 21, 2007 1:10am
Glad to have you back safely. I'm gonna nip round Sicily on a Beneteau Cyclades 43 towards the end of July when my daughter comes over. Hopefully my trip will be a little calmer. I'm not going long again, too much of a gamble even for me with what I've got outstanding.
Do not focus on making money; focus on protecting what you have.
  • #539
  • May 21, 2007 1:12am May 21, 2007 1:12am
Quoting Why Oh Why
But I'd be surprised if 1.97 support broke. To such an extent I'm even considering going long with a Buy Limit around that level.
My system has a buy at .9710 and at .9690 should we get there.

Cheers, have a great week.
  • #540
  • May 21, 2007 1:18am May 21, 2007 1:18am
Quoting Vantage
My system has a buy at .9710 and at .9690 should we get there. Cheers, have a great week.
You have a good un too. But I don't want it to go too low. There is ST limited downside so I may be okay. Out for breakfast - catch you later.

http://www.tradingcentral.com/chart/...0521075656.GIF

Do not focus on making money; focus on protecting what you have.
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