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:: Cable (GBPUSD) Trend Trading ::

  • #541
  • May 21, 2007 1:35am May 21, 2007 1:35am
IŽve just posted an article on this on the old "Cable Update" thread - its a bit long, so IŽll not repeat it here, but I think this news should help the longs

http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #542
  • May 21, 2007 4:56am May 21, 2007 4:56am
Quoting Islander
IŽve just posted an article on this on the old "Cable Update" thread - its a bit long, so IŽll not repeat it here, but I think this news should help the longs.
Still holding on but within a couple on 5 to get stopped earlier.
Do not focus on making money; focus on protecting what you have.
  • #543
  • May 21, 2007 5:00am May 21, 2007 5:00am
Quoting Why Oh Why
Still holding on but within a couple on 5 to get stopped earlier.
Dollar going strong across the board already. USDCHF pushing up, looks the driver...

This is the 2nd week I'm looking for dollar to fall. But it is the 1st week I'm not trading it beforehand.

No apparent reason for the strengthen so far... But in a week with poor data slate, funds, banks decide where we are going to, via other people's stops.
  • #544
  • May 21, 2007 5:23am May 21, 2007 5:23am
1.9755 Buy Limit #12 still open and 1.9797 Buy Limit #13 is also but far too close for comfort. Last 1.9705.
Do not focus on making money; focus on protecting what you have.
  • #545
  • May 21, 2007 5:28am May 21, 2007 5:28am
Quoting Why Oh Why
1.9755 Buy Limit #12 still open and 1.9797 Buy Limit #13 is also but far too close for comfort. Last 1.9705.
You're not considering going cautious until this renewed dollar frenzy settles down a notch? I mean, dollar is going up hard across the board, poor data slate.

swiss above 2300 and EU down 50 pips today already...

Just food for thought... I'm off EU and GU at those levels. No idea where are they going to.
  • #546
  • May 21, 2007 5:36am May 21, 2007 5:36am
Latest low broken
Regards
  • #547
  • May 21, 2007 5:37am May 21, 2007 5:37am
Quoting cesarnc
You're not considering going cautious until this renewed dollar frenzy settles down a notch? I mean, dollar is going up hard across the board, poor data slate. swiss above 2300 and EU down 50 pips today already... Just food for thought... I'm off EU and GU at those levels. No idea where are they going to.
I'll just keep open what I've got. Buy Limit #13 just hit SL for a loss of 500. 1 less to worry about? What a start to the week!!!!
Do not focus on making money; focus on protecting what you have.
  • #548
  • May 21, 2007 5:39am May 21, 2007 5:39am
Quoting Why Oh Why
I'll just keep open what I've got. Buy Limit #13 just hit SL for a loss of 500. 1 less to worry about? What a start to the week!!!!
you tell me!!! Dollar going wild...

I put a long USDCHF for the long term, looking for interest collection only.. It's up 50 pips already !!!!!!!!!

  • #549
  • May 21, 2007 5:40am May 21, 2007 5:40am
Quoting Why Oh Why
I'll just keep open what I've got. Buy Limit #13 just hit SL for a loss of 500. 1 less to worry about? What a start to the week!!!!
Stopped out at 1.9684.

Watch it rise now.
  • #550
  • May 21, 2007 5:42am May 21, 2007 5:42am
Quoting cesarnc
you tell me!!! Dollar going wild. I put a long USDCHF for the long term, looking for interest collection only. It's up 50 pips already!
But nice one mate.
Do not focus on making money; focus on protecting what you have.
  • #551
  • May 21, 2007 5:44am May 21, 2007 5:44am
Quoting Why Oh Why
1.9755 Buy Limit #12 still open
5 long SL 1.9655. Last 1.9686.
Do not focus on making money; focus on protecting what you have.
  • #552
  • May 21, 2007 5:47am May 21, 2007 5:47am
1.9668 perhaps?
Do not focus on making money; focus on protecting what you have.
  • #553
  • May 21, 2007 5:54am May 21, 2007 5:54am
Man, consider staying off dollar shorts, Why. Serious... There's something going on here today, and NYers didn't even brush their teeth...

Ok, they can arrive to pull the whole morning back, but would you bet on it looking at your charts right now?
  • #554
  • May 21, 2007 6:04am May 21, 2007 6:04am
Quoting cesarnc
Man, consider staying off dollar shorts, Why. Serious... There's something going on here today, and NYers didn't even brush their teeth. Ok, they can arrive to pull the whole morning back, but would you bet on it looking at your charts right now?
No I'm leaving alone today. And just to guarantee that and not look for a reason to trade I'm off for lunch. Catch you all later. Still 5 long open. Last 1.9693.
Do not focus on making money; focus on protecting what you have.
  • #555
  • May 21, 2007 6:08am May 21, 2007 6:08am
Just back and see that I bought a small position on my first limit order at 9690, next order is at 9660
Trading Levels with WRBs
  • #556
  • May 21, 2007 6:29am May 21, 2007 6:29am
HI
USD short positions are too much so price action was limited,some big players
did this to hit some stops and options to return volatility to market again.


do not be worry
  • #557
  • May 21, 2007 8:41am May 21, 2007 8:41am
Quoting Islander
Just back and see that I bought a small position on my first limit order at 9690, next order is at 9660
You're a braver man than me ATM.
Quoting farhadfx110
HI USD short positions are too much so price action was limited,some big players did this to hit some stops and options to return volatility to market again. do not be worry
I'll try not. Thanks for dropping in... I think. But I'm still staying out ATM apart from 5 long still holding with a 70 pip open loss on each. Last 1.9685.

http://www.tradingcentral.com/chart/...0521140626.GIF

Do not focus on making money; focus on protecting what you have.
  • #558
  • May 21, 2007 8:47am May 21, 2007 8:47am
Amazingly, less than a month of trading and this journal is now in the Top 10 of most viewed journals. Thanks to everyone who contributes and everyone who drops in. You lot put it there. I'll try to keep it going - with profits continuing, I trust. All views welcome.
Do not focus on making money; focus on protecting what you have.
  • #559
  • May 21, 2007 9:05am May 21, 2007 9:05am
It may again bounce off a bearish channel support at 1.9675.
Do not focus on making money; focus on protecting what you have.
  • #560
  • May 21, 2007 9:24am May 21, 2007 9:24am
why oh why....

how about gbp/usd now...please help me..
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