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Cable Update (GBPUSD)

  • #68,341
  • May 29, 2008 2:48am May 29, 2008 2:48am
Quoting fifo
i hope. TP 1.9950
Long at 1.9846 , SL 1.9300 >> Risk 546 pips
Long at 1.9846, TP 1.9950 >> Gain 104 pips

You do wonderful math at R:R
Note: no offense ....
To be or not to be, that's the question
  • #68,342
  • May 29, 2008 2:50am May 29, 2008 2:50am
Quoting salah k.
Be patient when postion is in profit, be enormously impatient when position is in loss.

We have 4H making lower highs and lower lows.

Cable bulls, so far needs to take the 1.9826 high to change the current down trend. First alert would be a cross of 1.9749, the 50% retracement of latest down swing.

Sitting on my hands, my target is still 1.9590
Getting it right is NOT as important as not getting it wrong.
  • #68,343
  • May 29, 2008 2:53am May 29, 2008 2:53am
Quoting hoezhiens
Long at 1.9846 , SL 1.9300 >> Risk 546 pips
Long at 1.9846, TP 1.9950 >> Gain 104 pips

You do wonderful math at R:R
Note: no offense ....
yes - 101% RIGHT
  • #68,344
  • May 29, 2008 2:54am May 29, 2008 2:54am
Quoting hoezhiens
Long at 1.9846 , SL 1.9300 >> Risk 546 pips
Long at 1.9846, TP 1.9950 >> Gain 104 pips

You do wonderful math at R:R
Note: no offense ....

I agree, probabilities are not good, needs 84% wins just to break even over the long time.
With such numbers your risk of ruin over time is almost garanteed imho.
Getting it right is NOT as important as not getting it wrong.
  • #68,345
  • May 29, 2008 3:01am May 29, 2008 3:01am
Quoting fxswing
Be patient when postion is in profit, be enormously impatient when position is in loss.

We have 4H making lower highs and lower lows.

Cable bulls, so far needs to take the 1.9826 high to change the current down trend. First alert would be a cross of 1.9749, the 50% retracement of latest down swing.

Sitting on my hands, my target is still 1.9590
ur right but yesterday it recovered so quickly
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,346
  • May 29, 2008 3:09am May 29, 2008 3:09am
Quoting salah k.
ur right but yesterday it recovered so quickly
I said yesterday I believed it was short covering, and today's action seems to confirm it.
It's exactly for that reason that all trade planning should be done when market is quiet, to not let the market control us emotionally.
Getting it right is NOT as important as not getting it wrong.
  • #68,347
  • May 29, 2008 3:12am May 29, 2008 3:12am
Quoting fxswing
I agree, probabilities are not good, needs 84% wins just to break even over the long time.
With such numbers your risk of ruin over time is almost garanteed imho.
right. normally i don't do that.
  • #68,348
  • May 29, 2008 3:14am May 29, 2008 3:14am
Quoting fxswing
I said yesterday I believed it was short covering, and today's action seems to confirm it.
It's exactly for that reason that all trade planning should be done when market is quiet, to not let the market control us emotionally.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,349
  • May 29, 2008 3:23am May 29, 2008 3:23am
euro faced off some really bad news from germany
looks like germany has one piece of bad news after another this month
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,350
  • May 29, 2008 3:39am May 29, 2008 3:39am
Oh well... got a few spare pips to put at stake after Enjoying the fist Roller Coaster ride.

Got addicted... I just jump in for another ride SHORTED again just now with SL 30pips which is above 50% Retracement of today High Low. Target... errrr... crazy... The Daily S3 Depending on the PA later.

Will move SL to BE If my Short profiting more than 20pips.

Speculating this News gonna be RED.

6:00am GBP http://www.forexfactory.com/images/m...act_medium.gif CBI Distributive Trades Realized ??? -25 -26

T.A.Y.O.R >>> Trade AT Your Own Risk!!!

http://www.cashflowrollercoaster.com...er_guy_jpg.jpg
http://bp2.blogger.com/_clOOQTbmIzM/...r_coaster2.jpg
Attached Image (click to enlarge)
Click to Enlarge Name: chart1381.PNG Size: 90 KB
  • #68,351
  • May 29, 2008 3:45am May 29, 2008 3:45am
who still in the roller coaster?
Im still in it and I think so do MALAYSIA
  • #68,352
  • May 29, 2008 3:51am May 29, 2008 3:51am
Quoting B@by trader
who still in the roller coaster?
Im still in it and I think so do MALAYSIA
I am still in.
Expected the unexpected
  • #68,353
  • May 29, 2008 3:51am May 29, 2008 3:51am
Quoting B@by trader
who still in the roller coaster?
Im still in it and I think so do MALAYSIA
i stll have half of my position in
s/l at 9750
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,354
  • May 29, 2008 3:56am May 29, 2008 3:56am
Is the roller coaster broken or am I on the wrong one?
Expected the unexpected
  • #68,355
  • May 29, 2008 3:57am May 29, 2008 3:57am
Quoting salah k.
i stll have half of my position in
s/l at 9750
Nice wise SL there My SL is there too... it's a few pips above the 50% Retracement of Today High and Low. Could place above 61.8% though.... but naaaa.... I don't wanna wipe out fat profit for today. That 30pips is good enough to put at stake.
  • #68,356
  • May 29, 2008 4:11am May 29, 2008 4:11am
Quoting scyang
Is the roller coaster broken or am I on the wrong one?
I think the rolle coster tire was flat could you please fix it for me
Keep Learning and you'll get what you want...
  • #68,357
  • May 29, 2008 4:12am May 29, 2008 4:12am
Quoting MasAdhi
I think the rolle coster tire was flat could you please fix it for me
You fix it. I am stuck in the roller coaster and can't get out.
Expected the unexpected
  • #68,358
  • May 29, 2008 4:21am May 29, 2008 4:21am
Quoting scyang
You fix it. I am stuck in the roller coaster and can't get out.
If the Bull hit 1.9750... I will be out of this Roller Coaster .... erk... who fell off?

http://www.sunybroome.edu/%7Eegr_dep...ction_sign.jpg
http://cache.daylife.com/imageserve/...vL6ku/610x.jpg
  • #68,359
  • May 29, 2008 4:34am May 29, 2008 4:34am
Quoting scyang
You fix it. I am stuck in the roller coaster and can't get out.
my belt jamned, what should i do...
Keep Learning and you'll get what you want...
  • #68,360
  • May 29, 2008 4:35am May 29, 2008 4:35am
Quoting MasAdhi
my belt jamned, what should i do...
Urgh, I want my refund then.
Expected the unexpected
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