time to move my stop on the remaining 1/4 to +19 ( 2.0280)
Cable Update (GBPUSD)
- #29,582
- Sep 7, 2007 10:11am Sep 7, 2007 10:11am
- Joined Jun 2006 | Status: Trend is not my friend | 1,492 Posts
I closed my long
So I'm the only one long now
- #29,583
- Sep 7, 2007 10:12am Sep 7, 2007 10:12am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts | Online Now
So I'm the only one long now
Trade what you see, not what you think.
- #29,584
- Sep 7, 2007 10:14am Sep 7, 2007 10:14am
- Joined Jul 2007 | Status: al zahr | 2,820 Posts
So I'm the only one long now
.
- #29,585
- Sep 7, 2007 10:16am Sep 7, 2007 10:16am
- Joined Jun 2006 | Status: Trend is not my friend | 1,492 Posts
- #29,587
- Sep 7, 2007 10:19am Sep 7, 2007 10:19am
- | Joined Dec 2006 | Status: o_O | 1,511 Posts
everyone went long 
))) market went up but then market decided to shake out weak long and as they start bailing we see this downward movement )
I think market will come to its senses on monday or maybe tuesday and will start going up again but for now ...
))) market went up but then market decided to shake out weak long and as they start bailing we see this downward movement )I think market will come to its senses on monday or maybe tuesday and will start going up again but for now ...
- #29,588
- Sep 7, 2007 10:21am Sep 7, 2007 10:21am
- | Joined Jul 2007 | Status: Keep cool, don't trade like a fool | 56 Posts
I guess that my snippers will shoot me instead of shooting cable
I now have 4 longs and I started to get mad
I calculated the number of pips that I was suppose to gain today if I kept my long trades before the report, I found that it was more than 500 pips, but they were not mine, since I closed them early
However, I do agree with you going long, just not so close to the NFP. I’ll probably go long also later in the day (or Monday).
Concerning you being mad about all the pips you lost from closing your longs just before the news, I completely agreed with that move. Look at it from a different perspective: imagine if the report originated a sell. I personally have lost tons of pips from not closing good positions just before major news.
You last move was quite emotional (I completely reviewed myself in it): you get so mad from the pips you “almost got” that you start shooting yourself.
Don’t worry, you’ll shoot it next time for sure!
- #29,589
- Sep 7, 2007 10:22am Sep 7, 2007 10:22am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
U all may get another crack at selling expensive pounders again but then again maybe not, short and holding unless somthing changes 
"Millionaires don't use astrology, billionaires do"
- #29,591
- Sep 7, 2007 10:26am Sep 7, 2007 10:26am
- | Joined Dec 2006 | Status: o_O | 1,511 Posts
You know better than to move either against a trend or, in this case, a news retracement.
However, I do agree with you going long, just not so close to the NFP. I’ll probably go long also later in the day (or Monday).
Concerning you being mad about all the pips you lost from closing your longs just before the news, I completely agreed with that move. Look at it from a different perspective: imagine if the report originated a sell. I personally have lost tons of pips from not closing good positions just before major news.
You last move was quite emotional (I completely reviewed myself in it): you get so mad from the pips you “almost got” that you start shooting yourself.
Don’t worry, you’ll shoot it next time for sure!
) no way someone should have position opened before major news anouncements unless 2 cases: 1 you have insider info and even then you dont always know which way market will take the news 2 if you trade veeeeeeeeery long term and this spike will just be a blip on a chart 
- #29,597
- Sep 7, 2007 10:32am Sep 7, 2007 10:32am
- | Joined Dec 2006 | Status: o_O | 1,511 Posts
stay away from it )) retracement may stop at 40 but then again maybe not ) plus its friday london closes in 30 minutes and only americans left and i jsut don't trust their intelligence ...
)) retracement may stop at 40 but then again maybe not ) plus its friday london closes in 30 minutes and only americans left and i jsut don't trust their intelligence ...
- #29,599
- Sep 7, 2007 10:34am Sep 7, 2007 10:34am
- | Joined Dec 2006 | Status: o_O | 1,511 Posts
hmmm should i go into arbitrage?? oandas price on cable doesnt move from 60/62 and in meta trader pound went down to 45/49 so 10 pips difference at least mmmmm
edit: damn it by the time i typed it oandas prices jumped down
((
Edit2: im all out of cable last 1/4 of position gave me 50 tasty pips
edit: damn it by the time i typed it oandas prices jumped down
((Edit2: im all out of cable last 1/4 of position gave me 50 tasty pips
- #29,600
- Sep 7, 2007 10:35am Sep 7, 2007 10:35am
- | Membership Revoked | Joined Jun 2007 | 3,782 Posts
