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Cable Update (GBPUSD)

  • #1,961
  • Dec 15, 2006 1:39am Dec 15, 2006 1:39am
Quoting MoneyMa$ter
Much love....and a brother's in need of much sleep!! Trying to stay up for London, like a youngster waiting for Santa (do they still do that?). But enjoyed chatting with all. I'll have to drop in on the overnight crew again some time soon.

Trade well and prosper even well-er!
I will stay up all night, sleep 4 hours, and tomorrow drive 35 hours to Canada, come on and share with us........okay, sleep and rest, your young.

Monarch
  • #1,962
  • Dec 15, 2006 1:45am Dec 15, 2006 1:45am
Quoting monarch
I forgot to say on this post, wait for break past the Frankfurt range 7 pips or so, don't jump the trigger to soon, or else. Ouch I lost 45 pips last night by doing that.

Monarch
would you enter now or wait until 8 gmt
mama
  • #1,963
  • Dec 15, 2006 1:45am Dec 15, 2006 1:45am
Monarch, thanks for the explanation on that. much appraciated. Are you on MT4 charting? it's dealing with Barcalona time always gets me confused. Anyhow, it seem to have passed your quota of 7 pips, should be a Long Cable Day? or just a scalping method? I'll have to back test on this later..Thanks again.

Oh, Moneymaster do take care. Hope to converse with you again soon!
  • #1,964
  • Dec 15, 2006 1:46am Dec 15, 2006 1:46am
Well I just released my 2 Long positions, that was a close call today.

I did not care if this puppy went a mile past, I am glad to be rid of them.

I am waiting now for my new positions, if I even want them.

Monarch
  • #1,965
  • Dec 15, 2006 1:47am Dec 15, 2006 1:47am
Quoting yulvme
Monarch, thanks for the explanation on that. much appraciated. Are you on MT4 charting? it's dealing with Barcalona time always gets me confused. Anyhow, it seem to have passed your quota of 7 pips, should be a Long Cable Day? or just a scalping method? I'll have to back test on this later..Thanks again.

Oh, Moneymaster do take care. Hope to converse with you again soon!
I know you have Longs opened, I dumped mine.

I am still waiting for the London to open in 10 minutes, there has been no range set, or drop off from this high
  • #1,966
  • Dec 15, 2006 1:48am Dec 15, 2006 1:48am
Y get out now monarch? seems it still has a way to go! no? maybe bail ship?
  • #1,967
  • Dec 15, 2006 1:49am Dec 15, 2006 1:49am
I am waiting still, please enter any postions your comfortable with, and do not wait for this experiment on my behalf.

Monarch
  • #1,968
  • Dec 15, 2006 1:49am Dec 15, 2006 1:49am
i just trigger my short.. @ 1.9640
"Invest With The Insiders, Not The Masses" George Muzea
  • #1,969
  • Dec 15, 2006 1:49am Dec 15, 2006 1:49am
I've read this somewhere.

It's based on the premise that Cable is dealt mostly during the European hours. The intra-day trend is initially set by Frankfurt during the first two hours, but when London opens, stop hunting begins the day so it goes the opposite direction. After a while, when the stops are taken out, the real directional move occurs.


Quoting monarch
You know how it is to wonder about the market, I am always trying new things out, and this baby is new to me.

I have to feed this baby to learn about its personality.

I have lost many pips in training, and this is one baby I am still feeding the bottle to constantly.

Monarch
  • #1,970
  • Dec 15, 2006 1:51am Dec 15, 2006 1:51am
Quoting yulvme
Y get out now monarch? seems it still has a way to go! no? maybe bail ship?
I was tired of caring my positions, I needed a rest from my all day long losing feeling. Now I am happy to be free of that burden. My emotions got the best of me here.LOL

Monarch
  • #1,971
  • Dec 15, 2006 1:52am Dec 15, 2006 1:52am
Quoting REPApips
I've read this somewhere.

It's based on the premise that Cable is dealt mostly during the European hours. The intra-day trend is initially set by Frankfurt during the first two hours, but when London opens, stop hunting begins the day so it goes the opposite direction. After a while, when the stops are taken out, the real directional move occurs.
I also read it somewhere, but for the life of me I can't remember where. I have so much stuff here on my desk, I couldn't tell you where my cell is until it rings and scares me half to death.

Monarch
  • #1,972
  • Dec 15, 2006 1:52am Dec 15, 2006 1:52am
OK Mine's out too . 9633... so watching for now? I really want it to go up to 9700 but, i'm gonna have to catch what the market gives me i guess.. Can you indicate ur reason for throwing it out? or it was just enough pips on this trade?
  • #1,973
  • Dec 15, 2006 1:54am Dec 15, 2006 1:54am
Quoting Qu|cksilver
i just trigger my short.. @ 1.9640
A person who is in tune such as yourself realizes there are pips both directions. You seen the top as well as I.

I am now waiting for this drop after the London Open.

Your in the money Quick.

Monarch
  • #1,974
  • Dec 15, 2006 1:57am Dec 15, 2006 1:57am
Quoting yulvme
OK Mine's out too . 9633... so watching for now? I really want it to go up to 9700 but, i'm gonna have to catch what the market gives me i guess.. Can you indicate ur reason for throwing it out? or it was just enough pips on this trade?
Sometimes I take a position using different techniques, these two lots were taken with those strategies, and I never liked them to begin with. After watching the day go by, I wanted to bury them, and start over a fresh. I actually got out a little soon, but overall, I only lost 7 pip on the total devistation.

I am going to stand back, and reorganize for now.

Monarch
  • #1,975
  • Dec 15, 2006 1:58am Dec 15, 2006 1:58am
Don't say it first man its too early... wait until i close my position the will now im in money or not

Quoting monarch
Your in the money Quick.

Monarch
"Invest With The Insiders, Not The Masses" George Muzea
  • #1,976
  • Dec 15, 2006 1:59am Dec 15, 2006 1:59am
Monarch, I got out because I was tired from not harvesting pips when I should have like yesterday. Had plenty of chances to take profit but held too long. I guess one learns from his/her mistakes. Not that it'll stick but hopefully a few times it would. so i bailed out and gladly i did. So, it seems cable did what it did yesterday or by your example stated eariler. spike up and then reverse. Watch like a Hawk now to see where's it heading!
  • #1,977
  • Dec 15, 2006 1:59am Dec 15, 2006 1:59am
The Frankfurt set the Range High at 1.9639

London Opened at 1.9622

Waiting for my indication for position.

Monarch
  • #1,978
  • Dec 15, 2006 2:05am Dec 15, 2006 2:05am
acording to yesterdays data (graph ) london opened and went up passing european open by 18 pips but quickly reversed and headed south. So, i'm assuming you have to wait another hour to see if it's continues or reversing? in other words if it go pass 9610 it should be a short?
  • #1,979
  • Dec 15, 2006 2:05am Dec 15, 2006 2:05am
so monarch ... what time to what time is ur range?


thanks in advance
  • #1,980
  • Dec 15, 2006 2:05am Dec 15, 2006 2:05am
I do not see the set up for the Range Trade as of yet, I am personally looking at it topping out here, because this is how the London opens usually. With a few candles going Long, then a drop to Short.

I am going to wait on this a little longer...

Monarch
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