Right, that's it for me.... Holdng three longs still. 1.9732, 1.9658 and 1.9606. Have a market buy order at 1.9519. Closed one position earlier for pos 60 pips..... lets see tomorrow.
Happy trading
Happy trading
Cable Update (GBPUSD)
- #64,842
- May 8, 2008 12:14pm May 8, 2008 12:14pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Right, that's it for me.... Holdng three longs still. 1.9732, 1.9658 and 1.9606. Have a market buy order at 1.9519. Closed one position earlier for pos 60 pips..... lets see tomorrow.
Happy trading
PS I see our advertiser has been suspended!
Good night to you too, still holding that silly long 1.9687 so I am still biast to longs. Made a couple pip today with all this silly up and down. Looking for 1 more long to half the ride up.
PS I see our advertiser has been suspended!
I think at this point it does make sense to even enter into any G/U trade with short around 1.9546 to down to at least 1.9500 but again if someone loves to do scalping then that person can do in G/U for 15-20 pips as the 1 HR momentum is still up. Please be careful to play any more longs because my prediction for the last London Session for this week could be going to the downward trend as its most of the news this week would be in negative and last night it went up before the interest statement could be a fake move for the Cable. So I think it might go back to at least 1.9400-1.9450 by the end of Friday. That is my opinion and i could be wrong because trading is always risky even with all the help of technical indicators because the market is just like a wolf you can not even trust (for a minute based on your technical indicators or plans) especially on short term trend pattern for Cable.
Alqaz Syed.
Alqaz Syed.
- #64,848
- May 8, 2008 1:52pm May 8, 2008 1:52pm
- Joined May 2007 | Status: 2 + 2 = 5 | 1,031 Posts
USD Est Non Mortuus
- #64,849
- May 8, 2008 2:00pm May 8, 2008 2:00pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Thanks but I got no worries. If we break 1.9500 down I have got my long hedged. BUT I still don’t think the 4h channel will be broken we have to go up first 1.97something is still on the cards. We going up. Patience is a virtue I don’t always have but this trade I am waiting.........
- #64,852
- May 8, 2008 2:18pm May 8, 2008 2:18pm
- Joined May 2007 | Status: 2 + 2 = 5 | 1,031 Posts
USD Est Non Mortuus
- #64,854
- May 8, 2008 2:22pm May 8, 2008 2:22pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
i added another long at 1.9542...and the minute i did it shot down..i cant believe it ..
PS Hedging I can short a long position without using more margin, in theory selling a long or longing a short. but then you really have to watch it. If you short hedge a long you need to exit the hedge at the bottom to make it worth it and the add a nother long to lower your entry price. Very risky. Smart thing is to get out -30 to 40 pips as planned!
- #64,856
- May 8, 2008 2:26pm May 8, 2008 2:26pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
lol.. nextime if i want it down.. i'll ask navin for buy
- #64,857
- May 8, 2008 2:29pm May 8, 2008 2:29pm
- Joined May 2007 | Status: 2 + 2 = 5 | 1,031 Posts
this doesnt make any sense...be better not see 1.94-1.93 b4 going up..
USD Est Non Mortuus
- #64,858
- May 8, 2008 2:32pm May 8, 2008 2:32pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Do what im going to do.. Close your terminal, Fix a fruity, frosty beverage and go lay out by the pool. Come back to work GB open
