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Cable Update (GBPUSD)

  • #31,641
  • Sep 19, 2007 9:01am Sep 19, 2007 9:01am
Quoting cesarnc
LOLLLL...

I was talking about the stock market....
Oh. Well that's another thing, isn't it. Crazy place that stock market, at least here we have an idea due to 24/7 open, those poor guys just wake up to one shock after the other.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #31,642
  • Sep 19, 2007 9:05am Sep 19, 2007 9:05am
This is how I see cable

http://wine.appellationamerica.com/i...e_Red_Meat.jpg
Just Trade It
  • #31,643
  • Sep 19, 2007 9:16am Sep 19, 2007 9:16am
I will shoot long at 9933
Yacob I dive the market without Fear.
  • #31,644
  • Sep 19, 2007 9:17am Sep 19, 2007 9:17am
Quoting Yacob
I will shoot long at 9933
Why there?
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  • #31,645
  • Sep 19, 2007 9:18am Sep 19, 2007 9:18am
220 pips down the road today...

pino2 will SNAP if he sees this. He had the right view in the wrong day at the wrong time.
  • #31,646
  • Sep 19, 2007 9:19am Sep 19, 2007 9:19am
it will reverse to the upside soon IMO

5m candle close above 2.0000 might do it
Trade what you see, not what you think.
  • #31,647
  • Sep 19, 2007 9:22am Sep 19, 2007 9:22am
Quoting cesarnc
220 pips down the road today...

pino2 will SNAP if he sees this. He had the right view in the wrong day at the wrong time.
He should speek to ClockTrader "timing is everything"
.
  • #31,648
  • Sep 19, 2007 9:25am Sep 19, 2007 9:25am
We are like this. We all have good views. The question is when that will be true.
.
  • #31,649
  • Sep 19, 2007 9:27am Sep 19, 2007 9:27am
Quoting bullrock
He should speek to ClockTrader "timing is everything"
Actually I felt sorry about him yesterday, although his loss wasn't that massive. I think he got andry because his broker didn't fill him in at the news...

But he took a risky position (short cable) right ahead of an expected Fed cut. Cable would spike up even if it was a 0.25point cut.

But who really knew something at that time?
  • #31,650
  • Sep 19, 2007 9:28am Sep 19, 2007 9:28am
Quoting cesarnc
EURGBP in levels not seen in 2 years. 30 pips from levels not seen in 3.
Just realised - I am long E/U for a quick pinch ...but my son lives in Tenerife and has a lot of euros in the bank he owes me - I should be shorting euro/dollar to hedge it at this level....

think i will wait for 40 eh ? or 50 ? chuckle
  • #31,651
  • Sep 19, 2007 9:29am Sep 19, 2007 9:29am
Quoting bullrock
We are like this. We all have good views. The question is when that will be true.
You would be amazed if you knew how much $ I didn't make because I took the right trade 2-3 days too soon, and chickened out when the right time came around
  • #31,652
  • Sep 19, 2007 9:31am Sep 19, 2007 9:31am
Few more barrels short in the US...

Flintstones Automotive Inc shares would be a BUY right now...
  • #31,653
  • Sep 19, 2007 9:32am Sep 19, 2007 9:32am
Quoting karmostaji
it will reverse to the upside soon IMO

5m candle close above 2.0000 might do it
yes true but no yet.. cable still have power to go down somewhere 9933-9922
Yacob I dive the market without Fear.
  • #31,654
  • Sep 19, 2007 9:34am Sep 19, 2007 9:34am
Quoting cesarnc
Few more barrels short in the US...

Flintstones Automotive Inc shares would be a BUY right now...
$85 coming....
  • #31,655
  • Sep 19, 2007 9:34am Sep 19, 2007 9:34am
Quoting cesarnc
You would be amazed if you knew how much $ I didn't make because I took the right trade 2-3 days too soon, and chickened out when the right time came around
The reason why I am bambling here patience, persistence and all that crap... Sometimes I am loosing 5-10% because of my hardheaded nature... Loose 1% price pops back reopen SL hit again -1% price pops back reopen.. and so on... Then I bank 10% on it or more... This is so difficult sometimes...Sometimes I just want ti give it up... and do something stupid..
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  • #31,656
  • Sep 19, 2007 9:37am Sep 19, 2007 9:37am
Ooopps I did it again.....
Hit me baby one more time....
PHUCK my SL... Ok I go long
.
  • #31,657
  • Sep 19, 2007 9:38am Sep 19, 2007 9:38am
Quoting bullrock
The reason why I am bambling here patience, persistence and all that crap... Sometimes I am loosing 5-10% because of my hardheaded nature... Loose 1% price pops back reopen SL hit again -1% price pops back reopen.. and so on... Then I bank 10% on it or more... This is so difficult sometimes...Sometimes I just want ti give it up... and do something stupid..
LOL... I don't know how is your MM, but you should consider trading with smaller lots for bigger pips with larger SL....

The emotional gain doing this way is priceless...

Specially in times like this, when cable puts 150-200 pips a day easily (although in different directions a day).
  • #31,658
  • Sep 19, 2007 9:39am Sep 19, 2007 9:39am
Quote
The reason why I am bambling here patience, persistence and all that crap... Sometimes I am loosing 5-10% because of my hardheaded nature... Loose 1% price pops back reopen SL hit again -1% price pops back reopen.. and so on... Then I bank 10% on it or more... This is so difficult sometimes...Sometimes I just want ti give it up... and do something stupid..

maybe coz of your 1:400 leverage and staking large is putting up lots pressure and tight SLs

for eg. you've been wanting to go long cable, stretch your buy range 100 pips downwards and stake micro/tiny lots. Also try to hedge, small part maybe.

this strategy has been helpful to me.
Hello World!
  • #31,659
  • Sep 19, 2007 9:40am Sep 19, 2007 9:40am
Quoting cesarnc
LOL... I don't know how is your MM, but you should consider trading with smaller lots for bigger pips with larger SL....

The emotional gain doing this way is priceless...

Specially in times like this, when cable puts 150-200 pips a day easily (although in different directions a day).
Yeah i am doing that on my long term account... There I have just a catastrophic SL of 500 pips.
.
  • #31,660
  • Sep 19, 2007 9:41am Sep 19, 2007 9:41am
Quoting ClockTrader
maybe coz of your 1:400 leverage and staking large is putting up lots pressure and tight SLs

for eg. you've been wanting to go long cable, stretch your buy range 100 pips downwards and stake micro/tiny lots. Also try to hedge, small part maybe.

this strategy has been helpful to me.
Ok BTW My leverage is 1:10 mostly.
.
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