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Cable Update (GBPUSD)

  • #65,961
  • May 14, 2008 8:51am May 14, 2008 8:51am
Quoting scyang
Ok. Hope it gets there for you. Why do you have to wait for 1.97? Did you enter very high?

yeah pretty high ....this is a postion trade ...man once i get used to to this sh*t i plan to weekly or mothly trade, cant do that now thou .as there to much indecision, im expecting a breakout sometime soon thou so these levels are prime

heres hoping
  • #65,962
  • May 14, 2008 8:52am May 14, 2008 8:52am
Quoting nAVIN2007
no man ...i exit at 1.97 hopefully might take a week ...but it will go there
dont worry price is just retracing
I know what ure doing. Your sticking to ure trade plan.
  • #65,963
  • May 14, 2008 8:55am May 14, 2008 8:55am
Quoting nAVIN2007
yeah pretty high ....this is a postion trade ...
was it a position trade when you entered long ?
The quality of your life is brought about by the quality of your thinking.
  • #65,964
  • May 14, 2008 8:58am May 14, 2008 8:58am
Quoting Doose
I know what ure doing. Your sticking to ure trade plan.
u got it bro, i have a major weekness, never stick to my shit so i realise i might as well plan my exits and keep them otherwise what happens with me is I close a winning position early and when i get a loss it wipes out the wins

this is the only way to keep the risk:reward thing happening
  • #65,965
  • May 14, 2008 9:00am May 14, 2008 9:00am
Quoting hornet
was it a position trade when you entered long ?

1.9481, 1.9553 and 1.9481

nope it wasnt .....but is now ...lol
  • #65,966
  • May 14, 2008 9:01am May 14, 2008 9:01am
See how it works, now it should cross up. You could have gotten into this trade with a 10 pip stoploss. LOL and you will probably be able to trade the rest of it to the R1 Pivot at 162.87

Quoting Runway Trade
Sorry people. Jim would you long EJ now bouncing of the soomthy 5M?
  • #65,967
  • May 14, 2008 9:01am May 14, 2008 9:01am
Quoting nAVIN2007
1.9481, 1.9553 and 1.9481

nope it wasnt .....but is now ...lol

The quality of your life is brought about by the quality of your thinking.
  • #65,968
  • May 14, 2008 9:03am May 14, 2008 9:03am
Quoting nAVIN2007
u got it bro, i have a major weekness, never stick to my shit so i realise i might as well plan my exits and keep them otherwise what happens with me is I close a winning position early and when i get a loss it wipes out the wins

this is the only way to keep the risk:reward thing happening
Well I know cuz same thing happened to me this morning with cable. I cud have made at least 100 pips if I stuck to my plan, instead I lost 50pips because I didnt stick to any of my original trade plans.

This morning is last time I'm doing that and that mindset started 20 mins ago and I'm already making money on the E/J 15 pips.

All the best.
  • #65,969
  • May 14, 2008 9:05am May 14, 2008 9:05am
Quoting nAVIN2007
u got it bro, i have a major weekness, never stick to my shit so i realise i might as well plan my exits and keep them otherwise what happens with me is I close a winning position early and when i get a loss it wipes out the wins

this is the only way to keep the risk:reward thing happening
But this g/u is not giving up yet.

We might make a new low soon.
  • #65,970
  • May 14, 2008 9:20am May 14, 2008 9:20am
what im seeing...
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  • #65,971
  • May 14, 2008 9:21am May 14, 2008 9:21am
Quoting hard1head1
See how it works, now it should cross up. You could have gotten into this trade with a 10 pip stoploss. LOL and you will probably be able to trade the rest of it to the R1 Pivot at 162.87
Long at 162.27! S/L at B/E now. got to pick up my daughter T/P at 162.60
  • #65,972
  • May 14, 2008 9:22am May 14, 2008 9:22am
Textbook break of UTL and test of the backside.
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  • #65,973
  • May 14, 2008 9:24am May 14, 2008 9:24am
Stop may be to close, you may be stopped out only to see it run on up.

Quoting Runway Trade
Long at 162.27! S/L at B/E now. got to pick up my daughter T/P at 162.60
  • #65,974
  • May 14, 2008 9:24am May 14, 2008 9:24am
retracement level 50% ..hopefully up now
market was neutralizing the over bought condition on smaller time frames
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  • #65,975
  • May 14, 2008 9:38am May 14, 2008 9:38am
g/u seems heavy
  • #65,976
  • May 14, 2008 9:40am May 14, 2008 9:40am
bloody EUR...
  • #65,977
  • May 14, 2008 9:41am May 14, 2008 9:41am
Cable is just weighed down. Got a weak jump when the crude inventory report came out, but quickly went back down.
Expected the unexpected
  • #65,978
  • May 14, 2008 9:49am May 14, 2008 9:49am
this is why im holding my position.....it stops me from entering and is actually safer......cable is so erratic...
  • #65,979
  • May 14, 2008 9:49am May 14, 2008 9:49am
Quoting hard1head1
Stop may be to close, you may be stopped out only to see it run on up.
As it was a spur of the moment trade I was happy with B/E and could not watch it. But t/p reached! made up for my cable loss earlier.
  • #65,980
  • May 14, 2008 9:56am May 14, 2008 9:56am
Quoting nAVIN2007
this is why im holding my position.....it stops me from entering and is actually safer......cable is so erratic...
It sure is erractic to say the least. It's got a mind of its own.
Expected the unexpected
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