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Cable Update (GBPUSD)

  • #36,901
  • Oct 23, 2007 4:28am Oct 23, 2007 4:28am
Quoting Moe
some of the boys yesterday went long a little to early and got burnt, right idea bad entry.
I think a nice and safe play will be the rate statement, specially if it comes no-change as to spur a broad correction on the dolalr side.

On a cut, maybe short too, if the market reacts as "priced in, let's go home".

1 week only, hope cable and euro go through the roof in the meanwhile
  • #36,902
  • Oct 23, 2007 4:30am Oct 23, 2007 4:30am
Quoting Moe
some of the boys yesterday went long a little to early and got burnt, right idea bad entry.

yes I felt the frustration of one of those poor fellows first hand.

I haven't had a clear signal on this pair since the ranging started around 3 weeks ago.
  • #36,903
  • Oct 23, 2007 4:31am Oct 23, 2007 4:31am
Quoting Moe
some of the boys yesterday went long a little to early and got burnt, right idea bad entry.
True man... I didn't sleep since yesterday holding this mf long and i just close 70% for 30 pips and the rest is SL to BE, i'll never make a bad trade like this anymore (I think i won't but who knows )

Because of this I won't be able to trade today, so it took me 2 terrible days to get 30 pips profit, and 1 day off just to get some rest...

Now i'm going to finally get some sleep

Good day to all of you.
No Brain, no Gain.
  • #36,904
  • Oct 23, 2007 4:34am Oct 23, 2007 4:34am
So another Bullshit day huh? I got my orders in and hope they get hit while I am away. Another long day in a meeting room. Buisness is Switzerland is a lot more difficult than I thought. Alot of hurdles to jump over but once you get everything approved the tax rate makes up for all that trouble.

SIT CABLE SIT
Good Boy.
Just Trade It
  • #36,905
  • Oct 23, 2007 4:39am Oct 23, 2007 4:39am
Quoting Moe
some of the boys yesterday went long a little to early and got burnt, right idea bad entry.
I'm one of them
"Invest With The Insiders, Not The Masses" George Muzea
  • #36,906
  • Oct 23, 2007 4:45am Oct 23, 2007 4:45am
Longs closed, shorts in play, maybe not yet but lets take a swing
"Millionaires don't use astrology, billionaires do"
  • #36,907
  • Oct 23, 2007 4:47am Oct 23, 2007 4:47am
Quoting OrionsWay
Longs closed, shorts in play, maybe not yet but lets take a swing


At least wait for the pitch.
Just Trade It
  • #36,908
  • Oct 23, 2007 4:50am Oct 23, 2007 4:50am
GU gave the long as expected
  • #36,909
  • Oct 23, 2007 4:53am Oct 23, 2007 4:53am
Quoting Big Wave Rider
At least wait for the pitch.
They have already lobbed a cpl in already
"Millionaires don't use astrology, billionaires do"
  • #36,910
  • Oct 23, 2007 4:57am Oct 23, 2007 4:57am
Looks like a pinhead on 1hr

http://www.shadowmillproductions.com...ry/pinhead.jpg
"Invest With The Insiders, Not The Masses" George Muzea
  • #36,911
  • Oct 23, 2007 5:05am Oct 23, 2007 5:05am
Easy pips gain on GU and GJ with CBI Industrial... market price before and taking gains...
  • #36,912
  • Oct 23, 2007 5:27am Oct 23, 2007 5:27am
You know the easyness after the trade has been closed. There is no such thing as "easy pips". Sometimes your easy pips can turn into an "easy nightmare". See ya later
.
  • #36,913
  • Oct 23, 2007 5:41am Oct 23, 2007 5:41am
Can anyone recommend some good indicators that can help identify a good sell/buy point ? I know i have to try them but until know only Stochastic 5 2 2/ 8 2 2 worked for me.
Risk Less in the next transaction after a Win.
  • #36,914
  • Oct 23, 2007 5:43am Oct 23, 2007 5:43am
They are closed...
2 sells:
- 1 on GU from 448 to 402
- 1 on GJ from 233.81 to 233.31

now i've just close 1 long from 233.33 to 233.70 (rsi)

for a total of 46+50+37 = 133 pips.

I'm happy with that... i'm trade 4 a living so i'm not looking for the "perfect" trade...If it exist...
  • #36,915
  • Oct 23, 2007 6:05am Oct 23, 2007 6:05am
Quoting madalin
Can anyone recommend some good indicators that can help identify a good sell/buy point ? I know i have to try them but until know only Stochastic 5 2 2/ 8 2 2 worked for me.
Your brain.
.
  • #36,916
  • Oct 23, 2007 6:11am Oct 23, 2007 6:11am
Quoting bullrock
Your brain.
lol...I use Pars, sometimes Mas, CCI as well,...but its important to check as many time frames, dailly, weekly, 4h, 8h, 2h, 1h, 30m, 15 min...if possible also check other croses, future contracts, volume, maybe oil, maybe some news, dow whatever,...then check 1 min or 10 sec. and go in,..preety simple ha?...

http://uk.biz.yahoo.com/23102007/323...ng-sector.html
its just money
  • #36,917
  • Oct 23, 2007 6:18am Oct 23, 2007 6:18am
there is no indicator to do this. i use fibs, divergences on OB/OS levels (mostly on CCI, stochastic and RSI) and price action (candlestick patterns).

Quoting madalin
Can anyone recommend some good indicators that can help identify a good sell/buy point ? I know i have to try them but until know only Stochastic 5 2 2/ 8 2 2 worked for me.
Nihil Sine Deo.
  • #36,918
  • Oct 23, 2007 6:20am Oct 23, 2007 6:20am
Thhanks guys, i will try them all see which fits me better.
Risk Less in the next transaction after a Win.
  • #36,919
  • Oct 23, 2007 6:25am Oct 23, 2007 6:25am
and it's still giving it...

Quoting forexlion
GU gave the long as expected
Nihil Sine Deo.
  • #36,920
  • Oct 23, 2007 6:39am Oct 23, 2007 6:39am
Quoting bullrock
Your brain.
Too bad for me, then...

Those are the last 2 braincells left after yesterday.

http://www.lesgifsa-bijou.com/cartoo.../tico_teco.gif
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