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Cable Update (GBPUSD)

  • #22,101
  • Aug 1, 2007 8:18am Aug 1, 2007 8:18am
i hope you close you short at a profit. i could have closed mine at lower los. damn it! too hesitant.
  • #22,102
  • Aug 1, 2007 8:27am Aug 1, 2007 8:27am
Quoting VEC
i dont have the guts going long before. but, oh, i really want to!!
its near the high dont go long
  • #22,103
  • Aug 1, 2007 8:27am Aug 1, 2007 8:27am
but I made a purty chart.
Really just wanted to point out classic TA of retouch of breakout channel. Textbook stuff. How do they get those moves spot-on? To the pip!
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  • #22,104
  • Aug 1, 2007 8:28am Aug 1, 2007 8:28am
to me this is price and time sqauring off, consolidation. normal ebb and flow

just in a nice sized range. hrly ustained break above 0410-20 may change my mind but doubt it. daily weekly monthly say its tired of the trend, my observations
"Millionaires don't use astrology, billionaires do"
  • #22,105
  • Aug 1, 2007 8:34am Aug 1, 2007 8:34am
Quoting Breeze
Learn to write english first...then i can invite you to my office in Hong Kong and we both will sit for a cup of coffee.....then i will explain why I use stop loss when I'm in profit.

anyone going long Cbl....?
WARNING....!!!!....I DONT USE STOP LOSS....I HEDGE...!!!

OK, then how about this version:

Your signature says Warning I dont use stop loss I hedge.

Then why the warning to us. What do we have to be warned about. And why do you show stop(s) in you previous posts. The point of a hedge is to not need a stop loss. They adjust their hedge, if need be.

My english is understood by everyone I know here in the US not Hong Kong. Maybe it gets lost in the translation through the net. You know, kind of like someone giving a warning to others about how they trade??????
  • #22,106
  • Aug 1, 2007 8:37am Aug 1, 2007 8:37am
Quoting OrionsWay
to me this is price and time sqauring off, consolidation. normal ebb and flow

just in a nice sized range. hrly ustained break above 0410-20 may change my mind but doubt it. daily weekly monthly say its tired of the trend, my observations
what trend
  • #22,107
  • Aug 1, 2007 8:38am Aug 1, 2007 8:38am
I was reading an article earlier and found a reference about the VIX index. According to the author of the article this index reflects the sentiment of the markets. Itīs based on the SP 500 but analist extrapolate its readings to other markets. when the index is below 15 the markets are calm and running smoothly but when is above 20 volatility increase and fear drives the markets.

The point is for the first time this year this index is above 20.

Check here

Anybody follows this index or has more info about it??
Johann Channels and cycles are everything
  • #22,108
  • Aug 1, 2007 8:40am Aug 1, 2007 8:40am
Quoting nextG
what trend

next,, ummmm the very very evident direction of the market on those above time frames
"Millionaires don't use astrology, billionaires do"
  • #22,109
  • Aug 1, 2007 8:41am Aug 1, 2007 8:41am
Quoting OrionsWay
next,, ummmm the very very evident direction of the market on those above time frames
i cant see the trend just tell me. please understand me, i have a buy and a sell.
  • #22,110
  • Aug 1, 2007 8:45am Aug 1, 2007 8:45am
Next, this game is all about preperation, a plan, discipline. U must do your homework or you will be consumed. "Chance favours the prepared mind"
"Millionaires don't use astrology, billionaires do"
  • #22,111
  • Aug 1, 2007 8:46am Aug 1, 2007 8:46am
should i cut my buy at lower loss im losing my momentum
  • #22,112
  • Aug 1, 2007 8:47am Aug 1, 2007 8:47am
i had the plan but it doesnt hit it anyway.
  • #22,113
  • Aug 1, 2007 8:50am Aug 1, 2007 8:50am
Quoting nextG
should i cut my buy at lower loss im losing my momentum
I suggest you get out now because you obviously have no idea what you're doing and will inevitably lose money. If you can't even identify a trend, the very basic of market analysis, you need to do some reading before you consider opening another position.
  • #22,114
  • Aug 1, 2007 8:51am Aug 1, 2007 8:51am
Quoting Tragapips
I was reading an article earlier and found a reference about the VIX index. According to the author of the article this index reflects the sentiment of the markets. Itīs based on the SP 500 but analist extrapolate its readings to other markets. when the index is below 15 the markets are calm and running smoothly but when is above 20 volatility increase and fear drives the markets.

The point is for the first time this year this index is above 20.

Check here

Anybody follows this index or has more info about it??

The VIX index was changed how it is calculated about 4 years ago. So a lot of ways traders used it historical no longer apply.

Here's something also from Wikipedia:

Often, when commentators discuss the option markets, the VIX is used to represent overall sentiment for equity options. However, to many practitioners, the relationship of the VIX to individual equity options can be easily overstated. It often appears that different dynamics drive the volatility of index options compared to that of equity options, and the two can often be uncorrelated. In particular, the VIX is limited to a 30-day period, while for most non-index equity options, the most liquidity is usually found in the 2 to 6-month maturities. In addition, volatility is often a function of market sector. For instance, volatility is usually assumed to be high in technology stocks, and low in utility stocks. Using a single number such as the VIX to represent the volatility for all equity options is usually overly simplistic.
  • #22,115
  • Aug 1, 2007 8:52am Aug 1, 2007 8:52am
Quoting thegunslinger
I suggest you get out now because you obviously have no idea what you're doing and will inevitably lose money. If you can't even identify a trend, the very basic of market analysis, you need to do some reading before you consider opening another position.
i know i just cant
  • #22,116
  • Aug 1, 2007 8:53am Aug 1, 2007 8:53am
Thanks for the info Sun Trader
Johann Channels and cycles are everything
  • #22,117
  • Aug 1, 2007 8:59am Aug 1, 2007 8:59am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
Today I also misjudged cable and went short in cable and my SL was reached 2 hours ago. Sometimes you win sometimes you lose just dont let losses kill your account. When enterin you have to know where you SL is couse even if you win that time eventualy you will experience mother of all losses.

Dont sell or buy more just exit and wait for better oportunity in comming days....
  • #22,118
  • Aug 1, 2007 9:01am Aug 1, 2007 9:01am
Quoting nextG
i know i just cant

Lol- Can't what? read more about the markets, identify a trend or close a position? If you are profitable take some pips off the table.Close half & move your stop. An unrealized profit IS NOT A PROFIT until it's in your bank account.
______________________

"Pain is a harsh teacher but you learn by God, you learn!"
  • #22,119
  • Aug 1, 2007 9:03am Aug 1, 2007 9:03am
Geppy LOVE HATE relationship, today she is my queen
"Millionaires don't use astrology, billionaires do"
  • #22,120
  • Aug 1, 2007 9:06am Aug 1, 2007 9:06am
Quoting OrionsWay
Geppy LOVE HATE relationship, today she is my queen
Lol- she is a harsh mistress but when she's good to you she's very very good.
I need a simple hometown girl I think.
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