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Cable Update (GBPUSD)

  • #56,381
  • Feb 27, 2008 3:06pm Feb 27, 2008 3:06pm
Nice one Navin, wish I'd of followed you going short on that break rather than trying to pick yet more bottoms.

interestingly, if I'd set my TP at 10pips and not gotten greedy i think every trade but 1 or something, woulda profited today
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,382
  • Feb 27, 2008 3:22pm Feb 27, 2008 3:22pm
Quoting Bones
hey have you been promoted my friend senior member ?
im thinking if you want to short you may get a slightly better price from here before the nights out
yeah promotion hey! ...i talk to much..lol
I entered the perfect trade...stop loss is on entery taking whatever the market gives. thx bud for the headup and great advises..be lucky friend
  • #56,383
  • Feb 27, 2008 3:27pm Feb 27, 2008 3:27pm
Quoting Turveyd
Nice one Navin, wish I'd of followed you going short on that break rather than trying to pick yet more bottoms.

interestingly, if I'd set my TP at 10pips and not gotten greedy i think every trade but 1 or something, woulda profited today
use the daily chart and 4 hrs and go with the masses..it will help definately, bones showed me the light yesterday, trust me it can only help
  • #56,384
  • Feb 27, 2008 3:28pm Feb 27, 2008 3:28pm
Quoting nAVIN2007
yeah promotion hey! ...i talk to much..lol
I entered the perfect trade...stop loss is on entery taking whatever the market gives. thx bud for the headup and great advises..be lucky friend
No man that broke your way ,lol ,seems to be going for 1.9775
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #56,385
  • Feb 27, 2008 3:29pm Feb 27, 2008 3:29pm
i hope you guys took my advise on the sell at 9966 lol im really enjoying the ride. anyone else?
And your mouth dropped
  • #56,386
  • Feb 27, 2008 3:32pm Feb 27, 2008 3:32pm
Quoting Bones
No man that broke your way ,lol ,seems to be going for 1.9775
hopefully...lower
  • #56,387
  • Feb 27, 2008 3:33pm Feb 27, 2008 3:33pm
Quoting makey2u
i hope you guys took my advise on the sell at 9966 lol im really enjoying the ride. anyone else?
this week is great for u yes..? u been riding the waves so much i thought u were wind surfing ....
  • #56,388
  • Feb 27, 2008 3:37pm Feb 27, 2008 3:37pm
Navin, it's not my system thats the issue, it's my application of it, I seem to like jumping infront of fast moving trains, rather than catching them, much safer

Unto I can actually act upon above I'm dead in the water.

Back to Demo account for me possibly, to try to get over my fear of clever trades

Solve this and millionaires ville, well comfortable ish maybe, which will make todays losses look/feel like nothing, so be worth it hopefully

Chalk it up as experience and a bad day!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,389
  • Feb 27, 2008 3:46pm Feb 27, 2008 3:46pm
dont worry what wont kill u will make u stronger...
I heard somewhere successfull trader were not born but made
good luck buddy i wish u the very best
  • #56,390
  • Feb 27, 2008 3:47pm Feb 27, 2008 3:47pm
Quoting AmeriTrini
Are you a comedian, cause all your comments sound like jokes.
Still bullish on cable? Looks like that 250 pip rally just got flushed down the toilet, just like I expected. But hey - call me a comedian, if you'd like.
  • #56,391
  • Feb 27, 2008 3:50pm Feb 27, 2008 3:50pm
Quoting nAVIN2007
this week is great for u yes..? u been riding the waves so much i thought u were wind surfing ....
havent been able to invest for the past week i was locked up on a nasty trade, but this week is going gentle
And your mouth dropped
  • #56,392
  • Feb 27, 2008 3:54pm Feb 27, 2008 3:54pm
No insulting, all point of views are respected. Amen, people occuse each other here often lack of knowledge and stupidity. Most important you got a laugh at the end. Move on, Gl dude
  • #56,393
  • Feb 27, 2008 3:59pm Feb 27, 2008 3:59pm
Just got back 20pips, so -20pips on the day area, ( was reading +25 when i hit the button, dipped badly see BAD DAY )

MUST CALL IT A DAY, MUST WORK ON GOING WITH THE TREND.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,394
  • Feb 27, 2008 4:08pm Feb 27, 2008 4:08pm
I will place a buy limit at 1.9750 sup anyone agrees? or disagree?
Looks like first strong support will give away to a dip in 1.97 tomorrow, where a chance may unfold itself as buying opportunity.
  • #56,395
  • Feb 27, 2008 4:09pm Feb 27, 2008 4:09pm
it looks like this trade might go a lot further down..especially if it falls below the pivot point
  • #56,396
  • Feb 27, 2008 4:10pm Feb 27, 2008 4:10pm
Only Minor support CT, i think odds are if it gets there it'll test 1.9650 shortly after, how big is your stop ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,397
  • Feb 27, 2008 4:11pm Feb 27, 2008 4:11pm
A H&S was confirmed by a break below 1.9825, not surprised to see spike low, yes you are right.
  • #56,398
  • Feb 27, 2008 4:13pm Feb 27, 2008 4:13pm
Quoting Turveyd
Only Minor support CT, i think odds are if it gets there it'll test 1.9650 shortly after, how big is your stop ??
I am not in long yet, I might get long near 1.9750.. cable is very volatile, I will probably put a 50 pips stop or just below 1.9700.

Still looks to me that uptrend is not finished according to sentiment data.
  • #56,399
  • Feb 27, 2008 4:25pm Feb 27, 2008 4:25pm
CT: No real way to tell, so pays your money and takes your chance, got to be in it to win it after all.

Guess 200 upside, 50 downside, odds pretty much 50/50 so it's worth a shot.



Good luck!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,400
  • Feb 27, 2008 4:29pm Feb 27, 2008 4:29pm
I was thinking about taking a stop-free little positions with scaling but My only concern is longer term bearish count, which is very clearly pointing to downside well below 1.90, possibly 1.8 lows. Do not want to be caught at the reversal point.

What I expected is a top and reverse in the 2.0 zone, but it only went to 1.9970 ..

I think its not worth the risk.

I will sell a rally at 2.0 or just watch it as it goes down, no bias now.
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