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Cable Update (GBPUSD)

  • #23,441
  • Aug 10, 2007 2:41am Aug 10, 2007 2:41am
Quoting dd33
Euro SUCKS today.. dive down below yesterday's low just to touch my SL and shoot up.. kicking me out of the train..

Thatīs why I work with a mental (soft) stop and a wide, hard capital preservation stop, just in case my system crashes or some disaster spikes the market 500 pips
Trading Levels with WRBs
  • #23,442
  • Aug 10, 2007 2:46am Aug 10, 2007 2:46am
Quoting allserene
I hate putting stop losses on for that reason - the chart knows where my stop loss is exactly - i mean to 1 pip - then it shoots back.. i got paranoid and thought my spreadbetters were fixing it - but then i used 3 other sources and yes that is what the market did. So unless i am the only one in the world with an open position, there is no way its a fix against me. Its a fix against all of us as we tend to put our sl's on at about the same deviation from current price..

I prefer to use really big sl's now - just so i can get out of the house for food !

This week, even the really huge ones would get hit so the answer is to stay out of the market when it is so manic.. we can't though can we when we see all those mega pips just there on a plate ! -perhaps a hedge that works would be the answer but a lot of disconnects take place when its this rough so you might find oil and the dow going to the sky together or cable going one way and the euro going the other...yep i reckon if you cant sit there with your finger on the ejector seat button, then you shouldnt be flying the plane right now....
Yeah u are right mate.. i know that its not my broker who hit my SL.. but it still feels sucks.. sometimes it makes me wonder.. if we can "predict" where the price would touch the turning point to the exact pips (yeah.. our SL).. then why cant we do that on our TP where we squeeze every last pips out of the market. hehehe..
  • #23,443
  • Aug 10, 2007 2:48am Aug 10, 2007 2:48am
nice fundie articel...and the cover picture as well...

http://www.economist.com/world/na/di...ory_id=9619083
its just money
  • #23,444
  • Aug 10, 2007 3:04am Aug 10, 2007 3:04am
Quoting dd33
Euro SUCKS today.. dive down below yesterday's low just to touch my SL and shoot up.. kicking me out of the train..
it dive just 6/5 ticks!!
where you put the SL??
  • #23,445
  • Aug 10, 2007 3:13am Aug 10, 2007 3:13am
i'm bored.. GU has no action .. zzzzz
  • #23,446
  • Aug 10, 2007 3:18am Aug 10, 2007 3:18am
Quoting benssol
it dive just 6/5 ticks!!
where you put the SL??
1.3650
  • #23,447
  • Aug 10, 2007 3:23am Aug 10, 2007 3:23am
Quoting dd33
1.3650
LOL
L=48
he went specially to your SL LOLL
  • #23,448
  • Aug 10, 2007 3:36am Aug 10, 2007 3:36am
Quoting benssol
LOL
L=48
he went specially to your SL LOLL
Mine L = 49.. yeah.. must kick me out first before the train took off..

Wish that i have the same ability to put my TP like that also
  • #23,449
  • Aug 10, 2007 3:44am Aug 10, 2007 3:44am
Cable Long with targets @ 2.0258 & 2.028
  • #23,450
  • Aug 10, 2007 3:45am Aug 10, 2007 3:45am
Quoting de123
nice fundie articel...and the cover picture as well...

http://www.economist.com/world/na/di...ory_id=9619083
nice article - my wife is american and considers herself a real left winger and gets all the pinko newsletters sent to our house - however, defining her politics in european terms puts her about 3 streets to the right of margaret thatcher/ernst roehm so yes it's a different culture ... nobody is going to gas you quicker than a REAL believer

Luckily she has no interest in forex so I reckon she won't see this or I am a goner

On the up side, that free wheeling capitalism is the quickest way out of the coming downturn as well as the fastest way into it...

USA is fascinating because of that huge culture difference and it will be interesting to watch that play out in terms of economics. .
  • #23,451
  • Aug 10, 2007 3:50am Aug 10, 2007 3:50am
Very quiet market for Friday. Any comments???
  • #23,452
  • Aug 10, 2007 3:55am Aug 10, 2007 3:55am
Quoting bobbyfx
Very quiet market for Friday. Any comments???
Yeah.. time for some fresh jokes around here..
  • #23,453
  • Aug 10, 2007 4:00am Aug 10, 2007 4:00am
Hi Guys,

Im thinking: Sell @ 155 - target 1.987x (asuming 396 is not breached again)
  • #23,454
  • Aug 10, 2007 4:00am Aug 10, 2007 4:00am
long cablg long.

pin bar in the 4hr

SL 0185 coz I'm a scalper today
  • #23,455
  • Aug 10, 2007 4:01am Aug 10, 2007 4:01am
Quoting dd33
Yeah.. time for some fresh jokes around here..
White horse goes into a pub and buys a beer...

Bartender:
we don't get many white horses in here - actually we have a whisky named after you...

Horse: What, Ken ?
  • #23,456
  • Aug 10, 2007 4:08am Aug 10, 2007 4:08am
Old lady goes to the drugstore.

Old Lady: Hey Mister, I need a medicine for amnesia

The guy: What?

Old Lady: What, what?

P.S. lousy jokes, better than "loongg cable!!! 2.1000 today!!! yyyeeehhaaa"
  • #23,457
  • Aug 10, 2007 4:10am Aug 10, 2007 4:10am
Quoting cesarnc
long cablg long.

pin bar in the 4hr

SL 0185 coz I'm a scalper today
Hi Cesar

where is your target for long position ?
  • #23,458
  • Aug 10, 2007 4:10am Aug 10, 2007 4:10am
We all will see 2.0420 "Sooner than we are expected"...
.
  • #23,459
  • Aug 10, 2007 4:14am Aug 10, 2007 4:14am
Quoting dd33
Yeah.. time for some fresh jokes around here..
second....
Attached Image (click to enlarge)
Click to Enlarge Name: no_jokes_please.jpg Size: 73 KB
its just money
  • #23,460
  • Aug 10, 2007 4:14am Aug 10, 2007 4:14am
Quoting m_j_1984
Hi Cesar

where is your target for long position ?
No idea.
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