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Cable Update (GBPUSD)

  • #15,561
  • Jun 22, 2007 8:40am Jun 22, 2007 8:40am
There we go...I'm from Brasil...nice meeting you !!
For he that would be deceived, let him.
  • #15,562
  • Jun 22, 2007 8:40am Jun 22, 2007 8:40am
Quoting WTB
Why in the name of Jesus would you sell short this beast (see picture below), damn it!

I am sorry for the harsh language, but it drives me nuts when people try to stubbornly swim against the flow. Are we salmons or something???
that is a swing trader point of view

if your goal is to make 1 trade a day to try and capture a part of the daily range, you'll find that there are a lot of counter trend days simple as that

of course you could just set a method of definind the current trend and only take signals in the direction of the trend...

it's all about choices... my system is programmed to take 1 trade a day so it can issue counter trend signals, sometimes it nails them, sometimes it doesn't...
  • #15,563
  • Jun 22, 2007 8:41am Jun 22, 2007 8:41am
Quoting gobigo12
kudos on holding that long !
i never said i wasn't an expert.
BAM BAM BOOM! -bravado
  • #15,564
  • Jun 22, 2007 8:48am Jun 22, 2007 8:48am
This week's cable daily ranges:

Mon 84
Tue 65
Wed 77
Thu 56
Fri 84 (until now)

1 WHOLE WEEK BELOW 100 PIPS DAILY RANGE!
  • #15,565
  • Jun 22, 2007 8:49am Jun 22, 2007 8:49am
Quoting pinchapip
There we go...I'm from Brasil...nice meeting you !!
BRASIL - SIL - SIL - SIL



http://www1.istockphoto.com/file_thu...razil_girl.jpg
  • #15,566
  • Jun 22, 2007 8:54am Jun 22, 2007 8:54am
anyone closing long positions at this point?
  • #15,567
  • Jun 22, 2007 8:56am Jun 22, 2007 8:56am
Quoting Tatton
anyone closing long positions at this point?
I've locked profit at 9975.. Market must KICK ME OUT if it wants me out.
  • #15,568
  • Jun 22, 2007 8:59am Jun 22, 2007 8:59am
Quoting cesarnc
BRASIL - SIL - SIL - SIL



http://www1.istockphoto.com/file_thu...razil_girl.jpg

NOW THAT'S WHAT I'M TALKING ABOUT...WOOT..WOOT
  • #15,569
  • Jun 22, 2007 9:02am Jun 22, 2007 9:02am
Quoting camisa
that is a swing trader point of view

if your goal is to make 1 trade a day to try and capture a part of the daily range, you'll find that there are a lot of counter trend days simple as that

of course you could just set a method of definind the current trend and only take signals in the direction of the trend...

it's all about choices... my system is programmed to take 1 trade a day so it can issue counter trend signals, sometimes it nails them, sometimes it doesn't...
While I of course respect your trading system, it is my opinion that forcing yourself to trade every single day might be a mistake. There are days (or market conditions) in which it's just best to stay out of the market altogether.
  • #15,570
  • Jun 22, 2007 9:03am Jun 22, 2007 9:03am
Quoting camisa
damn cable, shorted and got stopped grrr I didn't understand this move but who cares, cable likes to do this crazy things such as scrambling one's trading systems

well, monday is another day
I am glad I don't have as system - or is not having a system, a system ?
  • #15,571
  • Jun 22, 2007 9:04am Jun 22, 2007 9:04am
Quoting allserene
I am glad I don't have as system - or is not having a system, a system ?
I don't have a system...
  • #15,572
  • Jun 22, 2007 9:06am Jun 22, 2007 9:06am
Quoting Tatton
anyone closing long positions at this point?
i'll know when to exit when the time arrives.
a mark of a true master that i am. yes i am.
BAM BAM BOOM! -bravado
  • #15,573
  • Jun 22, 2007 9:07am Jun 22, 2007 9:07am
http://www.imagefreehost.com/files/2...1410065408.jpg
BAM BAM BOOM! -bravado
  • #15,574
  • Jun 22, 2007 9:08am Jun 22, 2007 9:08am
Quoting bravado
i'll know when to exit when the time arrives.
a mark of a true master that i am. yes i am.
C'mon! It's a Friday!!!... If Cables doesn't put 2.0 today, I'm not drinking orange juice this weekend....

THAT'S bold.
  • #15,575
  • Jun 22, 2007 9:08am Jun 22, 2007 9:08am
Quoting WTB
While I of course respect your trading system, it is my opinion that forcing yourself to trade every single day might be a mistake. There are days (or market conditions) in which it's just best to stay out of the market altogether.
yes there are, but you can only identify them after the fact so unless you want to stay out forever

you never know until you go...
  • #15,576
  • Jun 22, 2007 9:10am Jun 22, 2007 9:10am
Quoting camisa
yes there are, but you can only identify them after the fact so unless you want to stay out forever

you never know until you go...
Not really. Fridays afternoons, or Interest Rates Decision days or Bank holiday dates, and many others are best to be left alone and head out for a walk in the park
  • #15,577
  • Jun 22, 2007 9:13am Jun 22, 2007 9:13am
Quoting camisa
yes there are, but you can only identify them after the fact so unless you want to stay out forever

you never know until you go...
I also have a 1 trade a day 'system' for cable that has been profitable. It has lost 2 days running but overall its up over 7 months. Its a case of the percentages game. Win more than you lose.
  • #15,578
  • Jun 22, 2007 9:15am Jun 22, 2007 9:15am
Quoting cesarnc
C'mon! It's a Friday!!!... If Cables doesn't put 2.0 today, I'm not drinking orange juice this weekend....

THAT'S bold.
http://www.thewhiskystore.de/blend/j...owalblue_2.jpg
BAM BAM BOOM! -bravado
  • #15,579
  • Jun 22, 2007 9:18am Jun 22, 2007 9:18am
Quoting bravado
http://www.thewhiskystore.de/blend/j...owalblue_2.jpg
http://www.top-tattoo-designs.com/ta...t-tattoo-1.gif
  • #15,580
  • Jun 22, 2007 9:27am Jun 22, 2007 9:27am
My drink for weekend.
http://images.jupiterimages.com/comm...1/23033197.jpg
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