Fulltime Cable Trader

The shooting star?

PS: The images are fine now

nice, actually I look at the range and see what the movement has been by the time this trade took place cable should have moved the days range. So any pips to be gained would be small. Plus it fits my 10 a day.

Looking back at the range for the day....it was a correct assessment.

Akshan, I do have a sweet multi monitor setup that I don't use that often anymore. I now just use a single laptop screen. Reason is that I don't take intrabar trades on the 15min. This gives me ample time to review different screens in anticipation of trades.

I always start with Macro View and zoom in to the 15 min.

I also lay no claim to developing any of these systems...I just put them to work together. My screen setup uses 21, 50, 100. (These are some of the ones Kolachi uses). The next is Fozzy system (EMA, RSI, EMA of RSI). Next is a simple Stoch and then a simple standard MACD.

For Fozzy and Kolachi please look on FF or their respective websites to understand them and how to add them to your screen.

No Trades today.

In my opinion, this is the strongest sign that you are thinking like a pro. You didn't see any trades today , and you didn't take any. Beginners could learn a lot from this simple (in)action.

Keep it up,
andersenws

Hello pdhawan,

Don't see any updates since Jan 1... wondering how are things going fulltime and with cable for you...

good luck

what the xxxx u talking about... cable is full of stops... and is hardly tradable... u traded 2 years and should know it...... please report the truth ok

Really? Not Tradable? Cable has dropped 500 pips only to rise 700 pips all during the month of January. But maybe you are looking at the weekly chart in that case I wouldn't have a signal yet either.

I did decide to read other posts you have written. I find your level of cynicism very enlightening. I propose to you that the big banks are not out to get you in particular. You have a choice on which side you want to be.

Don't fight the trends...use the momentum. As a small player you do have an advantage.

Best Wishes to you

pdhawan, I could learn from you. Although our system is different (I only trade trendline breakouts) and I am only trading live with mini acc at the moment, but it is very encouraging to see a fellow trader making the switch into full time trading job.

I will review your posts from time to time. May the pips bless you.

Based on current setups looks like cable will run lower before any possibility of moving higher. Keep an eye out for the next day or so.

Congrats on moving to full time, and only after two years. That's got to be one of the most risky trades anyone ever makes...I'm hoping for it one day.

Trade on...

dontjump?! No please, JUMP!

I was thinking the exact same thing!

It's getting kinda old. I really wonder what makes people go through the process of signing up for a discussion board, then posting in several different threads that the banks are controlling everything, everybody's out to get me, there are giant man-eating vampire turtles everywhere etc. Flee while you can! I think the guy, and other like-minded people, need a change of hobby; photographing puppies or flowers or some such thing.

Oh, well. What? I'm hijacking the thread? Ooops, sorry. Please continue the good work, pdhawan.

Cheers,

dsl

This worked out exactly as expected. However, I was not able to take any trades yesterday or today. Had some important early morning meetings so could not trade. I also will not be trading tomorrow due to NFP.

See you all next week.

I am looking for a Short entry on Cable. 4h and 1h are both showing signs of turning. Only problem is timing....looks like we may have to wait for the US open.

Here is my current trade with Stop and Profit Target.

PDHAWAN

I have just come across your thread and will follow it and see how it develops and add my 10 penneth as appropriate. I also only trade cable and after reading your intro can empathise with everything you say.

My initial targets have been to make around 30 pips to day trading 30 lots at a time - thereby looking for approx $900 per day income on average. If I make it in half an hour - the rest of the day is mine, if not I stay until I hit my target - taking regular breaks ! Fortunately I also have a full time job which pays exceptionally well and doesnt take too much time so I am devoting myself to becoming free of the corporate glue!

I have followed Sidus for about 6 months with some good results and so it will be interesting to compare. Thanks for sharing this with all of us - I have a helicopter lesson in a couple of hours so we both enjoy the skies !

Good trading !

Welcome Musicman....hope I can provide insight and value for you. Each lot that I is 100k of currency....and at this time I am trading 5 lots. ($10 per lot)

Last night trade hit my stop at break even - NET 0 pips. News ended up hardly moving the market.

Tonight we have Cable Interest Rate and that should increase volatility.

See you all tonight.

Bought Cable this morning at 1.9502. Looking for it to go up but just keeps hovering around. Expected at least after the drop last night to see some recovery. I will keep this position open a little longer....but right now it is sitting in the expense column.