Cable Update (GBPUSD) | Page 1705 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #34,081
  • Edited 11:08am Oct 4, 2007 10:58am | Edited 11:08am
Got B/E today, which is very much like a profit to me.

yesterday I left a sell stop to be triggered at the rate statement. It was triggered BEFORE LOL... Then I reversed to long after the news reaction target = previous trade loss.

Now, the daily chart is officialy disgusting. So far lower low, lower highs, with a pin-bar todau bouncing off the triangle with NFP tomorrow poiting dollar bullish as forecast...

It is one hell of a knot to untie...

Right now I'm out of the market planning to trade only a NFP deviation from forecast. Otherwise, I've seen my week. Thank you euro shorts....
  • #34,082
  • Oct 4, 2007 10:58am Oct 4, 2007 10:58am
Quoting bullrock
So r u gonna fall back now you piece of ****
I need to buy some more USD for my move there. If I short cable I fix the rate at 2.04... not a bad rate..

I will be the only shorter who doesn't care which way it goes as I will end up with the same money net net as now whether it goes to 2.10 or 1.92...

It's all psychological - not losing what you have or trying to make more

If I don't short it and it goes to 1.92 I will be angry at myself missing an opportunity

If I short it and it goes to 2.07 I will not have lost anything overall, but i will think 'if only'

I thing 'angry' is worse than 'if only' so i will do it I think..

(but not quite yet !)
  • #34,083
  • Oct 4, 2007 11:01am Oct 4, 2007 11:01am
Quoting Moe
clock who is your mt-4 broker
Alpari u must have heard of them, most in west don't use them though.
Hello World!
  • #34,084
  • Oct 4, 2007 11:06am Oct 4, 2007 11:06am
Quoting bullrock
Yep, I know.... IMHO you should have some rules not to let go 100+ pips...
yea, its like this, I try to focus on big Pie in the first part of month, if I lose a lot, only then I prefer grabbing 100s or below

check my photos, I prefer to take 200 - 300 per position at least, BUT if I incur losses in first part of month, then small profits/crumbs are acceptable.

Once I get the big pie, I often happen to lose a decent part of it, my strategies are under evolution all the time.

We got one whole month ahead, lets see how september treats us.

CHOW
Hello World!
  • #34,085
  • Oct 4, 2007 11:13am Oct 4, 2007 11:13am
Quoting cesarnc
Got B/E today, which is very much like a profit to me.

yesterday I left a sell stop to be triggered at the rate statement. It was triggered BEFORE LOL... Then I reversed to long after the news reaction target = previous trade loss.

Now, the daily chart is officialy disgusting. So far lower low, lower highs, with a pin-bar todau bouncing off the triangle with NFP tomorrow poiting dollar bullish as forecast...

It is one hell of a knot to untie...

Right now I'm out of the market planning to trade only a NFP deviation from forecast. Otherwise, I've seen my week. Thank you euro shorts....
I switched to weekly with 200 pips SLs ... Too me what is important what is at the end of the day (10 pm GMT). Till then there i sstill 5 hours to go.. You never know. We might have an outbar at the end of theday .Which is more disguisting.
.
  • #34,086
  • Oct 4, 2007 11:16am Oct 4, 2007 11:16am
Quoting bullrock
I switched to weekly with 200 pips SLs ... Too me what is important what is at the end of the day (10 pm GMT). Till then there i sstill 5 hours to go.. You never know. We might have an outbar at the end of theday .Which is more disguisting.
Tomorrow NFP is also far from an easy trade. "Bad news" have turned into "Good News" in Wall Street, since bad news add to the cut cause.

In this sense, currecies go nuts. Euro is likely to have some more of correction after Trichet's speech. But as Cable and Euro are somewhat detached from each other, I have no idea what to expect from cable between 0300 and 0400.

This is the 100 pips Casino, imo.
  • #34,087
  • Oct 4, 2007 11:24am Oct 4, 2007 11:24am
Quoting cesarnc
Tomorrow NFP is also far from an easy trade. "Bad news" have turned into "Good News" in Wall Street, since bad news add to the cut cause.

In this sense, currecies go nuts. Euro is likely to have some more of correction after Trichet's speech. But as Cable and Euro are somewhat detached from each other, I have no idea what to expect from cable between 0300 and 0400.

This is the 100 pips Casino, imo.
Agree... The reason why I decided to widen my horisons because it is enough for me to increase my heart attack factor by 200 every day... I want to live longer + my mum always said "ride slowe live longer". PS: My wifey is enough as stress factor...
.
  • #34,088
  • Oct 4, 2007 11:29am Oct 4, 2007 11:29am
I love the NFP.. Its my favorite trade of the month, not as easy to trade as it used to be.. but we can still make pips..
  • #34,089
  • Oct 4, 2007 11:31am Oct 4, 2007 11:31am
Hey guys I'm back, Had a great time up in the alps, All the trees are turning, the weather was great and best of all I didnt lose any money.
So now I am back with a clear head and ready to make profit again.
Just Trade It
  • #34,090
  • Oct 4, 2007 11:34am Oct 4, 2007 11:34am
Quoting Big Wave Rider
Hey guys I'm back, Had a great time up in the alps, All the trees are turning, the weather was great and best of all I didnt lose any money.
So now I am back with a clear head and ready to make profit again.
Where have you been. You cannot do that!!! Welcome back.
.
  • #34,091
  • Oct 4, 2007 11:34am Oct 4, 2007 11:34am
Quoting Big Wave Rider
Hey guys I'm back, Had a great time up in the alps, All the trees are turning, the weather was great and best of all I didnt lose any money.
So now I am back with a clear head and ready to make profit again.
Taking time away from FX is simply not acceptable
  • #34,092
  • Oct 4, 2007 11:37am Oct 4, 2007 11:37am
Quoting bullrock
Where have you been. You cannot do that!!! Welcome back.

What? I am not allowed to not lose money?

I love this thread.
Just Trade It
  • #34,093
  • Oct 4, 2007 11:40am Oct 4, 2007 11:40am
Quoting peterM
Taking time away from FX is simply not acceptable
.
  • #34,094
  • Oct 4, 2007 11:41am Oct 4, 2007 11:41am
Well, congrats to the bulls, bravo, you win, great stuff. Now please bank your pips and protect your balls, I smell bull cojones cooking for dinner tonight! Lots of them!

*raises tea cup*

here's to 1.9900 by friday close. cheers


EDIT: next friday, that is. lol
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #34,095
  • Oct 4, 2007 11:47am Oct 4, 2007 11:47am
Quoting Plutonite
Well, congrats to the bulls, bravo, you win, great stuff. Now please bank your pips and protect your balls, I smell bull cojones cooking for dinner tonight! Lots of them!

*raises tea cup*

here's to 1.9900 by friday close. cheers


EDIT: next friday, that is. lol
500 pips drop in a day??/ :surprised:surprised
.
  • #34,096
  • Oct 4, 2007 11:48am Oct 4, 2007 11:48am
that would take world war 3!
  • #34,097
  • Oct 4, 2007 11:54am Oct 4, 2007 11:54am
Quoting Plutonite
Well, congrats to the bulls, bravo, you win, great stuff. Now please bank your pips and protect your balls, I smell bull cojones cooking for dinner tonight! Lots of them!

*raises tea cup*

here's to 1.9900 by friday close. cheers


EDIT: next friday, that is. lol
150,000 nonfarm will do it !!!!
For he that would be deceived, let him.
  • #34,098
  • Oct 4, 2007 11:59am Oct 4, 2007 11:59am
not sure how many times cable has moved 500 pips in one day, not many... Perhaps in the crisis back in 1992.. where the BOE failed to keep the pound in the Exchange Rate Mechanism.. I would have to check the charts
  • #34,099
  • Oct 4, 2007 12:01pm Oct 4, 2007 12:01pm
I have no idea what is gonna happen tomorrow.... Might go down 200 pips than up or vice versa or whatver.. Or do this 5 times between news releases and do that in 5 minutes every single time...
.
  • #34,100
  • Oct 4, 2007 12:02pm Oct 4, 2007 12:02pm
Quoting peterM
not sure how many times cable has moved 500 pips in one day, not many... Perhaps in the crisis back in 1992.. where the BOE failed to keep the pound in the Exchange Rate Mechanism.. I would have to check the charts
Yes that day Soros made 1 billion with 1 pip = 1 million USD...
.
817 traders viewing now