Cable Update (GBPUSD) | Page 1155 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #23,081
  • Aug 8, 2007 2:34pm Aug 8, 2007 2:34pm
Quoting manu.aquetdju
Boy, WHAT A MOVE IN DOW !!!!
http://www.danablankenhorn.com/image..._market_02.jpg

http://www.thewildbunchranch.com/pro...ges/wallst.jpg

LOL
  • #23,082
  • Aug 8, 2007 2:37pm Aug 8, 2007 2:37pm
Quoting manu.aquetdju
??? Are you kidding ??? Because lost of money ???
Yes sure I'm kidding, I didn't lose any money today, but I had an unrealised +1484 pips from my open trades when prices reached 2.0155 and my TP was @ 2.0145 missed by 10 pips and then prices went crazy and hit my SL in 5 trades out of 7 which I ended with a total profit of +2 pips and the other 2 trades were sell @ 2.0460 which are still running
  • #23,083
  • Aug 8, 2007 2:43pm Aug 8, 2007 2:43pm
Now it's just amazing how the yen pairs trade in sync with the stock market. Just amazing.
  • #23,084
  • Aug 8, 2007 2:45pm Aug 8, 2007 2:45pm
Quoting pino2
Yes sure I'm kidding, I didn't lose any money today, but I had an unrealised +1484 pips from my open trades when prices reached 2.0155 and my TP was @ 2.0145 missed by 10 pips and then prices went crazy and hit my SL in 5 trades out of 7 which I ended with a total profit of +2 pips and the other 2 trades were sell @ 2.0460 which are still running

Holy shit bro, I had the same thing happen to me around end of july. I lost everything i had plus went below, where my stops were hit giving me a nightmare/heartattack/panicattac/pass the f**k out. I didn't trade for a week, thought i will trade only in august again, but couldn't stop from gettin back to forex, and do better.
You will do much better, relax for now, i know its hard. :-D
take care and goodluck!
  • #23,085
  • Aug 8, 2007 2:49pm Aug 8, 2007 2:49pm
Quoting pino2
Yes sure I'm kidding, I didn't lose any money today, but I had an unrealised +1484 pips from my open trades when prices reached 2.0155 and my TP was @ 2.0145 missed by 10 pips and then prices went crazy and hit my SL in 5 trades out of 7 which I ended with a total profit of +2 pips and the other 2 trades were sell @ 2.0460 which are still running
When you see yourself in fat profit like that, but you still see room for more, squeeze the trades tighting the SL every 20-30 pips it goes your way, approaching the SL to the price more and more. And to hell if it triggers your SL then goes forward. Your cash is in the bank...

That's what I do, btw.
  • #23,086
  • Aug 8, 2007 2:50pm Aug 8, 2007 2:50pm
Dow futures went slightly red

Dow itself never did and is trying to rally into close.

Right now +38
  • #23,087
  • Aug 8, 2007 2:51pm Aug 8, 2007 2:51pm
Quoting cesarnc
When you see yourself in fat profit like that, but you still see room for more, squeeze the trades tighting the SL every 20-30 pips it goes your way, approaching the SL to the price more and more. And to hell if it triggers your SL then goes forward. Your cash is in the bank...

That's what I do, btw.
Yeah, first 1 pip up, then 10, then 10 and so on.

Is cable holding gbp/yen to fall? is gbp/yen holding usd/yen from fall? is usd/yen holding DJIA from fall? what if cable falls...will they all fall? I need my pippies!
  • #23,088
  • Edited 8:27pm Aug 8, 2007 2:51pm | Edited 8:27pm
Yeah, you got to trail your stops. It can't be all or nothing. Thats for Las Vegas.
  • #23,089
  • Aug 8, 2007 2:51pm Aug 8, 2007 2:51pm
Quoting SunTrader
Dow futures went slightly red

Dow itself never did and is trying to rally into close.

Right now +38
Yes it did. Slightly, too. 9 min to go, let's see the direction of the last-minute kick
  • #23,090
  • Aug 8, 2007 2:51pm Aug 8, 2007 2:51pm
Quoting cesarnc
When you see yourself in fat profit like that, but you still see room for more, squeeze the trades tighting the SL every 20-30 pips it goes your way, approaching the SL to the price more and more. And to hell if it triggers your SL then goes forward. Your cash is in the bank...

That's what I do, btw.
That's what every smart trader should do actually.

Don't let a winning trade to turn into a losing one, I hate that crap
Trade what you see, not what you think.
  • #23,091
  • Aug 8, 2007 2:55pm Aug 8, 2007 2:55pm
Dow + 85....

"Summer laziness" anyone?
  • #23,092
  • Aug 8, 2007 2:56pm Aug 8, 2007 2:56pm
Quoting cesarnc
When you see yourself in fat profit like that, but you still see room for more, squeeze the trades tighting the SL every 20-30 pips it goes your way, approaching the SL to the price more and more. And to hell if it triggers your SL then goes forward. Your cash is in the bank...

That's what I do, btw.
Thanks cesar for the advise, I used to do the same, but I couldn't ever think that prices will jump 240 pips away from my TP and hit my SL
  • #23,093
  • Aug 8, 2007 3:00pm Aug 8, 2007 3:00pm
Quoting pino2
Thanks cesar for the advise, I used to do the same, but I couldn't ever think that prices will jump 240 pips away from my TP and hit my SL
Nor could I.

Freaking King.
  • #23,094
  • Aug 8, 2007 3:02pm Aug 8, 2007 3:02pm
Dow closed +144!!!... (Correction +153)

I HAD NO IDEA HOW IT WAS OUT THERE!!! NO IDEA!!! NO IDEA!!!!
  • #23,095
  • Aug 8, 2007 3:58pm Aug 8, 2007 3:58pm
what a lovely day of fun and games
"Millionaires don't use astrology, billionaires do"
  • #23,096
  • Aug 8, 2007 3:59pm Aug 8, 2007 3:59pm
I posted it before but....I think it's still valid...

According to an analyst I heard, if the FED did cut the rates or if he came up with a dovish statement, the market would first skyrocket...then after the dust setted people would start to realize that if the FED was cutting the rate it would be because the economy was really going down the drain and they would start to sell like crazy...the Dow would go really low... Carry trade would go down by 15% or so, and the paradox of a rate cut being bullish for the dollar would happen.
NOW...the FED knew about it and gave the HAWKISH statement that he did, just to keep the stock market up and the dollar down...which is in the best interest of the government and banks right now.

Don't you know that Dick Cheney is betting on high inflation and low dollar !!!!
For he that would be deceived, let him.
  • #23,097
  • Aug 8, 2007 4:04pm Aug 8, 2007 4:04pm
Also, never leave you fuckin window open so assholes cant get in and take your documents and credit cards like poor old Bob.
  • #23,098
  • Aug 8, 2007 4:22pm Aug 8, 2007 4:22pm
Quoting cesarnc
When you see yourself in fat profit like that, but you still see room for more, squeeze the trades tighting the SL every 20-30 pips it goes your way, approaching the SL to the price more and more. And to hell if it triggers your SL then goes forward. Your cash is in the bank...

That's what I do, btw.
Trailing stop is much easier? isn't it?
To be or not to be, that's the question
  • #23,099
  • Aug 8, 2007 4:27pm Aug 8, 2007 4:27pm
hi,
i'm still a newbie i was just wondering how i can set up a trailing stop or must i just watch and move my stop loss up as the pips go up??
  • #23,100
  • Aug 8, 2007 4:33pm Aug 8, 2007 4:33pm
Quoting hoezhiens
Trailing stop is much easier? isn't it?
Not necessarily. The trailing keeps you X pips off the price. And on cable, you cannot trail like 20 pips or so. Gotta be 50 minimum

What I meant is to squeeze the trade moving the SL closer and closer to the price. If you're in a 100 + pips trade in one day, it is most likely it will turn back than go on further. So if you squeeze the SL you manage to profit like 20 pips off the price, instead of 50.

But that requires staying in front of the computer.

Auto trailing stops works better in trending periods, but cable trends during 2 weeks and corrects on the following 10
976 traders viewing now, 5 are registered:
,
Meer-Shayhak
,
,
MarixD
,
Jollson