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Cable Update (GBPUSD)

  • #28,901
  • Sep 4, 2007 11:46am Sep 4, 2007 11:46am
Quoting pino2
Hello cable come to my 2.0148 long trade, I feel like closing it @ BE if it reached and open another on at better price or wait to watch
Hope ya got at least 5 or 6!!!!!
To laugh, to learn, and to teach!
  • #28,902
  • Sep 4, 2007 11:48am Sep 4, 2007 11:48am
Now I only have 1 long trade @ 2.0087, the other one I closed it @ BE (+1)
  • #28,903
  • Sep 4, 2007 11:49am Sep 4, 2007 11:49am
Quote
thus I'm 1% up

DAMMNNNN, I'm only 0.5% up,

could have made at least 5% (10% up was max)
I went greedy selling down, lolz

nvm
Hello World!
  • #28,904
  • Sep 4, 2007 11:50am Sep 4, 2007 11:50am
I feel that I'm the only one long here below 2.01
  • #28,905
  • Sep 4, 2007 11:52am Sep 4, 2007 11:52am
Quoting bobbyfx
BE VERY CAREFUL WITH THOSE LONG TRADES.

Cable should hover around the 2.0133-47 area for a while with a possibility of a run to 2.0167 area until it can find further direction. Use your FIBS they work wonders.

How is your mastery with FIBS?
  • #28,906
  • Sep 4, 2007 11:58am Sep 4, 2007 11:58am
Quoting maverick
Where do you suppose the next leg down would be?
first 2.0040 the 1.9980. Expect retracements from each move. moves will be volatile. But I recommend to wait aside and watch. london will try to push price higher when they open up so be careful.

Just as I said earlier, the current price is a 0.618 retracement from this morning's bear run. if this hovers here until Asia, look for a candle stick formation to enter a possible short as Asia seems to take the same tone as NY these days. Remember resistance and support is the keys price levels to note and target.

GOOD LUCK!!!
  • #28,907
  • Sep 4, 2007 12:01pm Sep 4, 2007 12:01pm
The last hourly close was above 2.0137 the key of the day for cable short trades
  • #28,908
  • Sep 4, 2007 12:05pm Sep 4, 2007 12:05pm
cable is freezing the hell out of me, hell haven't frozen over yet, keeping my shorts on s/l at 220 for the moment.
If I Go Broke Trying Then I Will die happy.
  • #28,909
  • Sep 4, 2007 12:05pm Sep 4, 2007 12:05pm
Quoting bobbyfx
first 2.0040 the 1.9980. Expect retracements from each move. moves will be volatile. But I recommend to wait aside and watch. london will try to push price higher when they open up so be careful.

Just as I said earlier, the current price is a 0.618 retracement from this morning's bear run. if this hovers here until Asia, look for a candle stick formation to enter a possible short as Asia seems to take the same tone as NY these days. Remember resistance and support is the keys price levels to note and target.

GOOD LUCK!!!

nice analysis, I like your style of using fibs.
  • #28,910
  • Sep 4, 2007 12:07pm Sep 4, 2007 12:07pm
Quoting maverick
nice analysis, I like your style of using fibs.
My next leg will be in the mouth of someone tonight in the pub after days like these...
.
  • #28,911
  • Sep 4, 2007 12:10pm Sep 4, 2007 12:10pm
Quoting bullrock
My next leg will be in the mouth of someone tonight in the pub after days like these...
wow you just gave me a good idea, opening a pub here in the bahamas, there is a lot of british expat here.
If I Go Broke Trying Then I Will die happy.
  • #28,912
  • Sep 4, 2007 12:14pm Sep 4, 2007 12:14pm
From tomorrow I will bring back my "flip a coin for direction with random sl and random tp" strategy
.
  • #28,913
  • Sep 4, 2007 12:18pm Sep 4, 2007 12:18pm
Quoting bullrock
From tomorrow I will bring back my "flip a coin for direction with random sl and random tp" strategy
would that include a random margin call or damn i blew my account up.
If I Go Broke Trying Then I Will die happy.
  • #28,914
  • Sep 4, 2007 12:20pm Sep 4, 2007 12:20pm
Quoting Moe
would that include a random margin call or damn i blew my account up.
Yeah a random percent of my account for sizing BUT with a limit of 5%.
.
  • #28,915
  • Sep 4, 2007 12:21pm Sep 4, 2007 12:21pm
Or I will ask my monkey... I give him two cards for direction. or he can flip the coins....
.
  • #28,916
  • Sep 4, 2007 12:28pm Sep 4, 2007 12:28pm
BEING GREEEEDY SUCKSSSSSSS

as you can see in the chart, I had decent short positions, but when the retrace started, I went up selling too, and in the middle at .0150 closed all at SLs and BEs yielding somewhere 0.5% gain in equity

I was 10% up max at today's bottom.

DAAAAMMMN BEING GREEEEDY SUCKSSSSSSS
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Hello World!
  • #28,917
  • Sep 4, 2007 12:30pm Sep 4, 2007 12:30pm
now whatever cable goes, I won't lose anything
If it goes up (that's what I want)
If it goes down it will be closed @ BE 2.0087
  • #28,918
  • Sep 4, 2007 12:30pm Sep 4, 2007 12:30pm
as i look who's in the room i think some of the guys took a beating today and it's just the start of th week.
If I Go Broke Trying Then I Will die happy.
  • #28,919
  • Sep 4, 2007 12:32pm Sep 4, 2007 12:32pm
I'm tired and little disappointed ! WHY THE HELL do I commit same mistakes again and again ? I've been in this biz for an ~year now, but yet to get rid of GREED, it sucks like anything.

anyways, tomorrow is another day, hope all good to everyone here.

God Bless All !!!

Good Night / Day to everyone !!!
Hello World!
  • #28,920
  • Sep 4, 2007 12:36pm Sep 4, 2007 12:36pm
Quoting ClockTrader
I'm tired and little disappointed ! WHY THE HELL do I commit same mistakes again and again ? I've been in this biz for an ~year now, but yet to get rid of GREED, it sucks like anything.

anyways, tomorrow is another day, hope all good to everyone here.

God Bless All !!!

Good Night / Day to everyone !!!

hope your timing is better tomorrow.
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