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Daily Cable Analysis

  • #1,161
  • Jan 11, 2007 3:08am Jan 11, 2007 3:08am
Quoting sebytim
ok. My long has ended : + 35.

I am shorting it.

See u down folks.
what about Industrial Production news at 4.30am for GDP .. you think it will be negative so you are going short just because the pound is overbought?
  • #1,162
  • Jan 11, 2007 3:11am Jan 11, 2007 3:11am
I thank you also leugimp, keep posting. I need all the help I can get.

Everybody-keep posting, it is really helping us rooks.
Pip By Pip
  • #1,163
  • Jan 11, 2007 3:11am Jan 11, 2007 3:11am
unloading half of position now prior to news release.
Man who scratches ass should not bite fingernails
  • #1,164
  • Jan 11, 2007 3:14am Jan 11, 2007 3:14am
I got out completely, waiting for news release then a re-enter based on a straddle... maybe...
"Anything in life worth having, doesn't come easy."
  • #1,165
  • Jan 11, 2007 3:16am Jan 11, 2007 3:16am
shoulda stayed... by the looks of it so far...
"Anything in life worth having, doesn't come easy."
  • #1,166
  • Jan 11, 2007 3:16am Jan 11, 2007 3:16am
Quoting YupYup
I got out completely, waiting for news release then a re-enter based on a straddle... maybe...
im holding long .. up 23 pips so far .


anyone else holding long?


can you tell me why you would get out of your long before the news?
  • #1,167
  • Jan 11, 2007 3:16am Jan 11, 2007 3:16am
Quoting Leugimp
i dont know about monarch, but i do it cause it helps me to share - keeps me honest and disciplined.
This is for sure a positive place to experience other traders strategies.

I just wanted to know if what I was posting was useful, I didn't want everyone to get carried away, just let me know if were heading down the right path with this thread.

I can see many people come here to read and see what is happening.

As far as making good myself, I feel good with my trades.

I had a PM while ago that said I basically look like a trader that didn't know my directions in the market.

Well, I'll say this. I was finished by Monday morning with my goal for the week with several hundred pips, you can add lots to that, and I could be sitting back watching every one scramble on the forum.

I am here to help others learn, and also to learn more myself.

The past 10 hours the price was in a channel, wow, this is great for the 3-4 pip scalps, especially about 8 of them in one day, add that up with some extra lots added in.
  • #1,168
  • Jan 11, 2007 3:17am Jan 11, 2007 3:17am
Quoting sebytim
where is ur sl ??
my sl is in a secret hiding space where it will never be reached. Just kidding. My sl is below the rsi trendline on 400 tick chart that delineated the positive reversal. As of this moment, it would be a close on 400 ticks below 9297, however this changes every 400 ticks slightly. A spike through and rebound though and I am adding my other half back on for almost a free trade at that level.
Man who scratches ass should not bite fingernails
  • #1,169
  • Jan 11, 2007 3:21am Jan 11, 2007 3:21am
Quoting Tatton
im holding long .. up 23 pips so far .


anyone else holding long?


can you tell me why you would get out of your long before the news?
Incase it pushed me into the negative AKA dark side... I started trading with real money just recently and its ALOT different than demo trading. I feel safer knowing that i'm not going to get screwed, just incase you never know.
"Anything in life worth having, doesn't come easy."
  • #1,170
  • Jan 11, 2007 3:21am Jan 11, 2007 3:21am
Quoting Tatton
im holding long .. up 23 pips so far .


anyone else holding long?


can you tell me why you would get out of your long before the news?
didn't get out of it just half of it . I am happy locking in some pips, and can deal with this size during volatile news, but if goes against me and turns with good confirmation prior to my stop area, I will add it back on at a discount. Just an opinion.
Man who scratches ass should not bite fingernails
  • #1,171
  • Jan 11, 2007 3:22am Jan 11, 2007 3:22am
Don't get me wrong, it still might go up, but then i'll try jump in... if my broker lets me...
"Anything in life worth having, doesn't come easy."
  • #1,172
  • Jan 11, 2007 3:23am Jan 11, 2007 3:23am
Quoting monarch
I had a PM while ago that said I basically look like a trader that didn't know my directions in the market. I am here to help others learn, and also to learn more myself. .
So nice of you, may god bless you with many pips Monarch! Hey dont worry about the pm - you will always have some morons who are nothing but whingers and losers!

Short GBP 9363 target 25
  • #1,173
  • Jan 11, 2007 3:24am Jan 11, 2007 3:24am
Quoting Leugimp
didn't get out of it just half of it . I am happy locking in some pips, and can deal with this size during volatile news, but if goes against me and turns with good confirmation prior to my stop area, I will add it back on at a discount. Just an opinion.
what i do is i place a stop just 2 pips above my entry so if it goes against me i dont loose anything

i also do a pending sell 10 pips below my stop incase it goes against my buy so when my buy stopps out i still make money and just be realistic with my t/p



im new to this so if im going wrong somewhere someone tell me
  • #1,174
  • Jan 11, 2007 3:25am Jan 11, 2007 3:25am
Quoting Monarch
I just wanted to know if what I was posting was useful, I didn't want everyone to get carried away, just let me know if were heading down the right path with this thread.
Hey, you are one of the most experienced on this forum. I say this because your analyses are clear structured, easy to read and understand as well as you have a clear trading plan. Thats what makes a successfull trader.

So I LOVE to read everytime what you have to say!
There could be only one improvement: Snap a chart with a short overview of your written analyses. Its easier to visualize what you have to say.

Thank you for what you are doing here!
  • #1,175
  • Jan 11, 2007 3:26am Jan 11, 2007 3:26am
Quoting marwan2010
So nice of you, may god bless you with many pips Monarch! Hey dont worry about the pm - you will always have some morons who are nothing but whingers and losers!

Short GBP 9363 target 25
We can always use the Lords Blessing.
  • #1,176
  • Jan 11, 2007 3:26am Jan 11, 2007 3:26am
Good Call L. Guess my triangle got breached early or my count was off. Low time frame triangles ar a bit harder to count. Hats off to ya !!
Quoting Leugimp
didn't get out of it just half of it . I am happy locking in some pips, and can deal with this size during volatile news, but if goes against me and turns with good confirmation prior to my stop area, I will add it back on at a discount. Just an opinion.
  • #1,177
  • Jan 11, 2007 3:36am Jan 11, 2007 3:36am
hope all are doing well, almost at tp1
Man who scratches ass should not bite fingernails
  • #1,178
  • Jan 11, 2007 4:04am Jan 11, 2007 4:04am
impossible to get a word in now, this is annoying.
Man who scratches ass should not bite fingernails
  • #1,179
  • Jan 11, 2007 4:16am Jan 11, 2007 4:16am
short at 233.29,
got stopped out of my gbp, was hoping to close b4 the news, and did not do it and paid the price!
  • #1,180
  • Jan 11, 2007 4:18am Jan 11, 2007 4:18am
I was locked out of the forum, nice jump up, target 1.9445 for now.

Let some of these lots ride up, profits locked in now.
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