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:: Cable (GBPUSD) Trend Trading ::

  • #641
  • Jul 22, 2007 6:23am Jul 22, 2007 6:23am
Quoting Why Oh Why
Anybody that knows me from elsewhere knows I've been consistently bullish for GBPUSD and EURUSD since the start of this year. I'm generally a position trader and I do ok.

For the purpose of this journal it will run until September 2007 or until cable hits 2.0510, whichever is sooner.

I would not be surprised if we see 2.0510 at the end of July or mid September 2007.

There we go I've nailed my colours to the mast. And I start posting here on Monday 23rd April 2007. Have a great weekend everyone.
Apologies for disappearing. As you know I find day trading tough and I respect enormously all of you guys who do it. It just ain't for me unless I've got loads of spare time. I have been heavily involved in developing an automated strategy for another market which is bearing fruit since my last post. It took me over slightly. I'm glad we got above 510 within the earlier time frame I suggested which was contrary to popular opinion. In case you're interested I'm still holding but not adding.

I know loads of you put a lot of effort in here but just a thought - no man is rich enough to buy back his past. Life is what you make of it. So make the most of every day. For me day trading simply takes too much time. That's why I stopped. I'm back to just position trading and holding for months. When I add or exit in the future I'll post here with my reasons. So I'll be down to a few posts a year.

Ladies and gentlemen, it was fun. And thanks for all your views. TTFN.
Do not focus on making money; focus on protecting what you have.
  • #642
  • Jul 26, 2007 6:57am Jul 26, 2007 6:57am
Quoting Why Oh Why
Apologies for disappearing. As you know I find day trading tough and I respect enormously all of you guys who do it. It just ain't for me unless I've got loads of spare time. I have been heavily involved in developing an automated strategy for another market which is bearing fruit since my last post. It took me over slightly. I'm glad we got above 510 within the earlier time frame I suggested which was contrary to popular opinion. In case you're interested I'm still holding but not adding.

I know loads of you put a lot of effort in here but just a thought - no man is rich enough to buy back his past. Life is what you make of it. So make the most of every day. For me day trading simply takes too much time. That's why I stopped. I'm back to just position trading and holding for months. When I add or exit in the future I'll post here with my reasons. So I'll be down to a few posts a year.

Ladies and gentlemen, it was fun. And thanks for all your views. TTFN.
WOW, just pleased that you are ok, take care and relax!
  • #643
  • Jul 29, 2007 1:17pm Jul 29, 2007 1:17pm
Quoting Why Oh Why
Apologies for disappearing. As you know I find day trading tough and I respect enormously all of you guys who do it. It just ain't for me unless I've got loads of spare time. I have been heavily involved in developing an automated strategy for another market which is bearing fruit since my last post. It took me over slightly. I'm glad we got above 510 within the earlier time frame I suggested which was contrary to popular opinion. In case you're interested I'm still holding but not adding.

I know loads of you put a lot of effort in here but just a thought - no man is rich enough to buy back his past. Life is what you make of it. So make the most of every day. For me day trading simply takes too much time. That's why I stopped. I'm back to just position trading and holding for months. When I add or exit in the future I'll post here with my reasons. So I'll be down to a few posts a year.

Ladies and gentlemen, it was fun. And thanks for all your views. TTFN.
So glad to hear you are ok as well! We were worried!!!

I look forward to your long-term ideas...
  • #644
  • Jul 30, 2007 12:06pm Jul 30, 2007 12:06pm
Hi WOW....glad to hear that all is well with you, all the best with your new ventures...drop me a PM if you´re heading towards the Balearics!
Jono
Trading Levels with WRBs
  • #645
  • Aug 24, 2007 12:59pm Aug 24, 2007 12:59pm
hi guru...

i'm waiting for your signal....
thx in advance
"Live is for living not for working"
  • #646
  • Sep 13, 2007 3:29am Sep 13, 2007 3:29am
Care to explain why?
  • #647
  • Edited Oct 17, 2007 9:30am Oct 10, 2007 4:56am | Edited Oct 17, 2007 9:30am
My todays' forcast

IMAGED DELETED, too large
  • #648
  • Edited Oct 17, 2007 9:30am Oct 11, 2007 2:54am | Edited Oct 17, 2007 9:30am
11.10 forecast

IMAGE DELETED, too large
  • #649
  • Oct 17, 2007 9:32am Oct 17, 2007 9:32am
ronald, please stop posting oversized images. you might also want to consider opening your own journal instead of hijacking WhyOhWhy's!

once this issue is settled, let me know and i will delete all these uneccesary posts.
Relax and be happy.
  • #650
  • Oct 17, 2007 10:55am Oct 17, 2007 10:55am
Roland, you were right, it hit 2.0417 .

I think it's going to hit the 2.0400's again and then plummet to 2.0200's.
  • #651
  • Oct 22, 2007 12:48am Oct 22, 2007 12:48am
Quoting Why Oh Why
I'm glad we got above 510 within the earlier time frame I suggested which was contrary to popular opinion. In case you're interested I'm still holding but not adding.

I'm back to just position trading and holding for months. When I add or exit in the future I'll post here with my reasons. So I'll be down to a few posts a year.

Ladies and gentlemen, it was fun. And thanks for all your views. TTFN.
I should have done it sooner at 2.05 - around the time of my last post - and gone back in lower. C'est la vie. I'm still holding 15 long. Last 2.051.
Do not focus on making money; focus on protecting what you have.
  • #652
  • Edited 7:36am Oct 29, 2007 7:32am | Edited 7:36am
Quoting Why Oh Why
I should have done it sooner at 2.05 - around the time of my last post - and gone back in lower. C'est la vie. I'm still holding 15 long. Last 2.051.
Better late than never. I'll exit the rest by the end of my year on November 25th 2007 or at 2.081 whichever is sooner. Last 2.061. Still holding 10 long.
Do not focus on making money; focus on protecting what you have.
  • #653
  • Oct 31, 2007 1:37pm Oct 31, 2007 1:37pm
Quoting Why Oh Why
Better late than never. I'll exit the rest by the end of my year on November 25th 2007 or at 2.081 whichever is sooner. Last 2.061. Still holding 10 long.
TP on 10 long hit at 2.081. Last 2.0787. I'll be starting a new journal for a different trading style in the new year if the market gives me the opportunity. I think it will. I'll post more when I form a clearer view. Currently, I favour a repeat of range trading which was demonstrated successfully here. Let me be the first to wish the whole Forex Factory community a very happy Christmas and a prosperous new year.
Do not focus on making money; focus on protecting what you have.
  • #654
  • Oct 31, 2007 2:29pm Oct 31, 2007 2:29pm
I have already placed a trade in selling GBP/USD. Am I too early? How good or bad my decision is?
  • #655
  • Oct 31, 2007 3:22pm Oct 31, 2007 3:22pm
Quoting TrendsFX
I have already placed a trade in selling GBP/USD. Am I too early? How good or bad my decision is?
We're at a pivot of 2.08. If I was to go in now I'd look for short positions below 2.08 with a target at 2.07 then 2.0676 possibly short term.

But if it goes north again and holds above 2.08 for the next 12 hours you may be stuffed with further upside to 2.0829 and 2.0891. But the 30-min RSI is facing a strong resistance area so you could be in the money. I, personally, would not enter either side right now. You say you're in. Maybe hold then exit according to your own strategy. Last 2.0788

http://www.tradingcentral.com/chart/...1031184850.GIF

Do not focus on making money; focus on protecting what you have.
  • #656
  • Nov 2, 2007 2:07pm Nov 2, 2007 2:07pm
Quoting Why Oh Why
But if it goes north again and holds above 2.08 for the next 12 hours you may be stuffed with further upside to 2.0829 and 2.0891. But the 30-min RSI is facing a strong resistance area so you could be in the money. I, personally, would not enter either side right now. You say you're in. Maybe hold then exit according to your own strategy. Last 2.0788
Looks like you were stuffed then. Last 2.0892.
Do not focus on making money; focus on protecting what you have.
  • #657
  • Nov 15, 2007 3:09pm Nov 15, 2007 3:09pm
I'm sure it's not named after me but when I went to post there just now it did make me smile when I couldn't. Thanks Soultrader.
Do not focus on making money; focus on protecting what you have.
  • #658
  • Nov 17, 2007 10:22am Nov 17, 2007 10:22am
Quoting Why Oh Why
I'm sure it's not named after me but when I went to post there just now it did make me smile when I couldn't. Thanks Soultrader.
lol....you know what they say about the greatest form of flattery though....

Pleased to see you're still around and hope all's well...
  • #659
  • Dec 9, 2007 8:40am Dec 9, 2007 8:40am
Quoting Why Oh Why
We're at a pivot of 2.08. If I was to go in now I'd look for short positions below 2.08 with a target at 2.07 then 2.0676 possibly short term.

But if it goes north again and holds above 2.08 for the next 12 hours you may be stuffed with further upside to 2.0829 and 2.0891. But the 30-min RSI is facing a strong resistance area so you could be in the money. I, personally, would not enter either side right now. You say you're in. Maybe hold then exit according to your own strategy. Last 2.0788

http://www.tradingcentral.com/chart/...1031184850.GIF

just look where you would be if you did follow your own instincts and stayed the short
Don't chase the market, Let the market come to you
  • #660
  • Dec 18, 2007 12:16pm Dec 18, 2007 12:16pm
Quoting Navigator
lol....you know what they say about the greatest form of flattery though....

Pleased to see you're still around and hope all's well...
Nice to see you again here too Navigator. Happy Christmas and a profitable 2008 to you sir.
Do not focus on making money; focus on protecting what you have.
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