Cable Update (GBPUSD) | Page 3602 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #72,021
  • Jun 23, 2008 2:10pm Jun 23, 2008 2:10pm
price need to close 1.9645 or below before we head back up to 9700's if not we could see 1.9400's by tommorow.
If I Go Broke Trying Then I Will die happy.
  • #72,022
  • Jun 23, 2008 2:22pm Jun 23, 2008 2:22pm
Thank you for the input,

"Roger That"...
Last week i had a gapped down, blown long,
On GBP/JPY that i would not suffer the loss on,
but of course, -eventually did. (Some Discipline!)-!

However,
Had i stuck to what i believed on the fundamentals
GBP/JPY's ATR was already way too tired, and i flat
Knew she would come back up, due to at the time-
Strength of the Pound.

I couldn't take anymore loss (of stupidity!),
and took it on the cheek. Sure enough she retraced
all the way back up, had i not believed the 'Hype' on
the thread(s), and followed the chart's fundamentals/fib
retrace, i'd 'been in the green.

So i'm shooting for even less than 2% mm...
And here's a rough guide i'm striving for on Gbp...
Correct me if i'm wrong here:
2% Gives you 10 pip stop loss =ing only (2) blown 10 PIP LOSSES to 'Account
1% Gives you 20 pip stop loss ='ing (5) blown 20 pip losses
.5% Gives you 30 pip stop loss ='ing (10) 30 pip blown trades
.25% Gives you 40 pip stop loss ='ing (20) 40 pip blown trades
(This is great for sending some 'Sentinal's Out' & Sacrificable/'Livable')

Again,
Feel free to correct my 'Million Man-Math here',
If you have the time, at some point,

Thanks Again,
Terrapin Pipper,


Jeff !
I will work to Objectively Identify my Edges
  • #72,023
  • Jun 23, 2008 2:23pm Jun 23, 2008 2:23pm
Quoting Moe
price need to close 1.9645 or below before we head back up to 9700's if not we could see 1.9400's by tommorow.
id say 1.9680 for a bullish tomorrow and i think this going to happen tognight ...we just have to pass weekly pivot ....to find r1 level ..
  • #72,024
  • Jun 23, 2008 2:26pm Jun 23, 2008 2:26pm
Well,

Wrong there,
'Table actually starts with 5%...
Equalling = (2) blown trades, and
should be corrected on down!

Sorry,
But the math proves true,
if you follow it.
Thanks,

Jeff
I will work to Objectively Identify my Edges
  • #72,025
  • Jun 23, 2008 2:32pm Jun 23, 2008 2:32pm
Quoting TerpFan2
Thank you for the input,

"Roger That"...
Last week i had a gapped down, blown long,
On GBP/JPY that i would not suffer the loss on,
but of course, -eventually did. (Some Discipline!)-!

However,
Had i stuck to what i believed on the fundamentals
GBP/JPY's ATR was already way too tired, and i flat
Knew she would come back up, due to at the time-
Strength of the Pound.

I couldn't take anymore loss (of stupidity!),
and took it on the cheek. Sure enough she retraced
all the way back up, had i not believed the 'Hype' on
the thread(s), and followed the chart's fundamentals/fib
retrace, i'd 'been in the green.

So i'm shooting for even less than 2% mm...
And here's a rough guide i'm striving for on Gbp...
Correct me if i'm wrong here:
2% Gives you 10 pip stop loss =ing only (2) blown 10 PIP LOSSES to 'Account
1% Gives you 20 pip stop loss ='ing (5) blown 20 pip losses
.5% Gives you 30 pip stop loss ='ing (10) 30 pip blown trades
.25% Gives you 40 pip stop loss ='ing (20) 40 pip blown trades
(This is great for sending some 'Sentinal's Out' & Sacrificable/'Livable')

Again,
Feel free to correct my 'Million Man-Math here',
If you have the time, at some point,

Thanks Again,
Terrapin Pipper,


Jeff !
i just enter at 0.1 and then if price goes against me ...... laughing cause this happens mostly...just dont buy on a extreme like cable every week we see 1.97....

extreme to me is 1.93- 1.94 if we go there u buy.. and hold ...the other extreme is above 1.98 ....here u sell but u can only do this when the market is clueless and not rallying..

on another currency id never adopt this approach...u will lose yur account.

if i enter at 0.1 and price goes 300 pips against me i lose £150 in a week on cable, with a tight SL u can lose this amount in a day ..

this is how i see it!.
  • #72,026
  • Jun 23, 2008 2:34pm Jun 23, 2008 2:34pm
Quoting Moe
price need to close 1.9645 or below before we head back up to 9700's if not we could see 1.9400's by tommorow.
When you say close onwhat TF are you ref too 1H or 4H?
  • #72,027
  • Jun 23, 2008 2:45pm Jun 23, 2008 2:45pm
Quoting Runway Trade
When you say close onwhat TF are you ref too 1H or 4H?
I think he means the 17:00 NY close...

Not 100% sure though.

G10
Enlightened.
  • #72,028
  • Jun 23, 2008 2:51pm Jun 23, 2008 2:51pm
Quote
So i'm shooting for even less than 2% mm...
And here's a rough guide i'm striving for on Gbp...
Correct me if i'm wrong here:
2% Gives you 10 pip stop loss =ing only (2) blown 10 PIP LOSSES to 'Account
1% Gives you 20 pip stop loss ='ing (5) blown 20 pip losses
.5% Gives you 30 pip stop loss ='ing (10) 30 pip blown trades
.25% Gives you 40 pip stop loss ='ing (20) 40 pip blown trades

2% does not have to mean 10 pip SL. For example if you have $1,000 account balance:2% risk = $20 = 20 pips so your SL would be set for 20 pips (ASSUMING its a MINI acount).
1% = 10pips
.5% = 5
.25% = 2.5.. etc

Personally, i use a 50 to 100 pip SL for the cable depending on the buy/sell entry. This is where you have to find your comfort zone. In my opinion if your SL is that tight (10-20pips), your gonna be stopped out alot depending on your trading style.
  • #72,029
  • Jun 23, 2008 2:53pm Jun 23, 2008 2:53pm
Quoting Moe
price need to close 1.9645 or below before we head back up to 9700's if not we could see 1.9400's by tommorow.
Dude, I love your system... wth is giving you a signal like this? Is this Moutiki (sp?) trading? Whatever it is, it sure is different.

I know, I know, you programmed it 5 years ago and it just works... (sigh) No help for a noob like me...

Love to hear what you are thinking as always. Keep up the good posts.

Enlightened.
  • #72,030
  • Jun 23, 2008 2:54pm Jun 23, 2008 2:54pm
Attached Image (click to enlarge)
Click to Enlarge Name: x.gif Size: 13 KB
  • #72,031
  • Jun 23, 2008 2:59pm Jun 23, 2008 2:59pm
Sounds Great Navin,

Third time typing while driving w/Aircard,
'had to pull over. Thank goodness the
Pip'in for me is over!

A .1 lot trade is a whole lot easier to
stomach than the 5% loss of only 10 pips.

This EASILY is more like 20 pips if
GBP type Pairs move against your direction,
EQUALING 10% loss to your account! Yikes!

I'll send some of these .1 lot 'Sentinal's'
out w/London in the a.m. untill the Direction,
of Trend is confirmed!

Thanks Again Navin, Great advice,
Terrapin Pipper,


Jeff !
I will work to Objectively Identify my Edges
  • #72,032
  • Jun 23, 2008 3:03pm Jun 23, 2008 3:03pm
Quoting Runway Trade
When you say close onwhat TF are you ref too 1H or 4H?

up is looking good hey bud.....what do u think? ...
  • #72,033
  • Jun 23, 2008 3:22pm Jun 23, 2008 3:22pm
Quoting Galeforce 10
I think he means the 17:00 NY close...

Not 100% sure though.

G10
If I Go Broke Trying Then I Will die happy.
  • #72,034
  • Jun 23, 2008 4:56pm Jun 23, 2008 4:56pm
Quoting Moe
price need to close 1.9645 or below before we head back up to 9700's if not we could see 1.9400's by tommorow.
You mean above right?
  • #72,035
  • Jun 23, 2008 5:26pm Jun 23, 2008 5:26pm
Quoting ultimate
You mean above right?
I'm pretty sure he means it just as he stated it... below. I've seen similar posts by him in the past, so I'm pretty sure he means it exactly how he wrote it.

Yeah, it drives my curiosity level even higher too...

Hope that helps.

G10
Enlightened.
  • #72,036
  • Jun 23, 2008 6:53pm Jun 23, 2008 6:53pm
Quoting ultimate
You mean above right?

No below because it needs to retest before going back up if it's going to go back up, it could also head south again.

Trade what you see not what you think.
It's Easy To Get In;.. It's Hard To Get Out
  • #72,037
  • Jun 23, 2008 7:11pm Jun 23, 2008 7:11pm
Quoting John D
No below because it needs to retest before going back up if it's going to go back up, it could also head south again.

Trade what you see not what you think.
She will go down tonight to complete the third wave correction no doubt but the way it was worded does not make sense to me. If it closes above a certain level them up ... if it closes below a certain level then down.
  • #72,038
  • Jun 23, 2008 8:24pm Jun 23, 2008 8:24pm
Quote
Originally posted by ultimate
She will go down tonight to complete the third wave correction no doubt but the way it was worded does not make sense to me. If it closes above a certain level them up ... if it closes below a certain level then down.

sorry to interrupt bro..which certain level do you mean??
  • #72,039
  • Jun 23, 2008 9:20pm Jun 23, 2008 9:20pm
Quoting John D
No below because it needs to retest before going back up if it's going to go back up, it could also head south again.

Trade what you see not what you think.
Well on my daily chart setup which is only vaguely useful to be honest, but this works but not well enough for me to scalp of ofcourse.

D1 chart, 9SMA and Envelope 9sma 1% Dev, makes for a good range, we are sitting right smack back on the 9sma line so range wise either way same odds.

If you want to play a swing trading game, Long <1.9480 and keep adding as it goes lower, Short >1.9750 and keep adding as it moves against you.

Trying to guess the market direction of the next day is just ridiculous, wait for a trend to form within the day then jump on it, KISS!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #72,040
  • Jun 23, 2008 9:51pm Jun 23, 2008 9:51pm
Quoting mrmunir
sorry to interrupt bro..which certain level do you mean??
I was talking about Moe's post from before.
1,096 traders viewing now