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Cable Update (GBPUSD)

  • #72,201
  • Jun 24, 2008 9:52am Jun 24, 2008 9:52am
Bon jovi strivers after riches !

ok just rolled out of bed and i see we are at the top of the daily channel again

whacked a couple of shorts on because statistically thats what you do

keeping s/l's on too in case of break out

Lets hope this strategy makes bucks like it has every time cable brushes the top of the channel

One of these days it wont but thats ok

I love to keep it simple
  • #72,202
  • Jun 24, 2008 9:52am Jun 24, 2008 9:52am
  •  System6
  • | Joined Feb 2008 | Status: Aim at nothing and you will hit it | 23 Posts
Quoting ThePipAholic
Hmmm S/L set at 19736 - so lets wait & see
Clever.
  • #72,203
  • Jun 24, 2008 9:54am Jun 24, 2008 9:54am
typical i start watching tennis and we breakout missed it !

oh well ...hope it goes to 2.03 now so i can short ...
  • #72,204
  • Jun 24, 2008 9:56am Jun 24, 2008 9:56am
Quoting allserene
Bon jovi strivers after riches !

ok just rolled out of bed and i see we are at the top of the daily channel again

whacked a couple of shorts on because statistically thats what you do

keeping s/l's on too in case of break out

Lets hope this strategy makes bucks like it has every time cable brushes the top of the channel

One of these days it wont but thats ok

I love to keep it simple
Did you have a little prayer first

End of the day statistics and matchs is the only true religion worth following, good lad

I'm in PROFIT, I love Stat's
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #72,205
  • Jun 24, 2008 9:56am Jun 24, 2008 9:56am
I would be holding my longs from 595 .. only 1 problem, I dont have longs from 595!!! Theres always a damn catch..

just watching for now
USD Est Non Mortuus
  • #72,206
  • Jun 24, 2008 9:59am Jun 24, 2008 9:59am
Quoting nAVIN2007
typical i start watching tennis and we breakout missed it !

oh well ...hope it goes to 2.03 now so i can short ...
Why not wait to 3?
  • #72,207
  • Jun 24, 2008 9:59am Jun 24, 2008 9:59am
Quoting LuckyLurker
I would be holding my longs from 595 .. only 1 problem, I dont have longs from 595!!! Theres always a damn catch..

just watching for now

Just digging in the trenches like everyone else!
  • #72,208
  • Jun 24, 2008 9:59am Jun 24, 2008 9:59am
anyway, i am going short now.
i know it's early and risky but i can handle it.
  • #72,209
  • Jun 24, 2008 10:00am Jun 24, 2008 10:00am
  •  System6
  • | Joined Feb 2008 | Status: Aim at nothing and you will hit it | 23 Posts
Quoting nAVIN2007
typical i start watching tennis and we breakout missed it !

oh well ...hope it goes to 2.03 now so i can short ...
I feel you're pain.
  • #72,210
  • Jun 24, 2008 10:01am Jun 24, 2008 10:01am
YES out with £25 profit THAT WAS SCAREY AND STUPID as I had no trend lines, but hey!!!

Digging in is much better than flipping trades like there burgers with tight SL's and getting hit frequently.


13 profits in a row, LUCKY
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #72,211
  • Jun 24, 2008 10:08am Jun 24, 2008 10:08am
Well it's up and down like a bride's nighty but my short has made enough for a bratwurst and beer and a pair of new jeans after that incident with the paint brush yesterday - and a tank of gas for my motorbike and i still haven't finished the coffee i poured when i put the positions on...

Thats a good start to the day -I am easily satisfied sometimes

Yo Navin old bean, what's all this about a breakout - I see no such ships on the daily chart

I know it's threatening to happen, but that's when everyone goes long and they whip the stool away and leave us dangling and say 'fooled ya again'
  • #72,212
  • Jun 24, 2008 10:13am Jun 24, 2008 10:13am
guys
heres a shot that might reinforce some of u that are buyers

broke a down trending line on the cci
+a bounce and a zero line rejection off the trendline

just a simple setup like that one is enough for me to be a buyer for some triple pippage
Attached Image (click to enlarge)
Click to Enlarge Name: cable daily.gif Size: 22 KB
  • #72,213
  • Jun 24, 2008 10:18am Jun 24, 2008 10:18am
Quoting Turveyd
YES out with £25 profit THAT WAS SCAREY AND STUPID as I had no trend lines, but hey!!!

Digging in is much better than flipping trades like there burgers with tight SL's and getting hit frequently.


13 profits in a row, LUCKY
nice one bro .yur ass is back!!!!!!!!
  • #72,214
  • Jun 24, 2008 10:19am Jun 24, 2008 10:19am
High probability trade I missed yesturday as I was not trading.Direction is clear.Momentum is up.I doubt if the major falling daily tl will be taken without a news driver.

Quoting 007
I think we should not hold any trade longer than days until it trades outside the consolidation zone... meanwhile be patient , if one gotta trade only select the high probability intra-day trade.......

Ps: Could someone please show me some example of what is so called high probability trade????
Attached Image (click to enlarge)
Click to Enlarge Name: daily222.gif Size: 46 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #72,215
  • Jun 24, 2008 10:19am Jun 24, 2008 10:19am
Quoting tarektm
anyway, i am going short now.
i know it's early and risky but i can handle it.
im tempted to short myself but we sitting on support..this could behave like a bullish flag
  • #72,216
  • Jun 24, 2008 10:25am Jun 24, 2008 10:25am
Quoting nAVIN2007
nice one bro .yur ass is back!!!!!!!!

Yep indeedy, account is flying, different style purely, digging in averaging down and relying on the markets general choppyness is working currently.

Will it work long long term ?? find out, if not, will adapt and over come!!


that was technically a stupid trade due to missing the news and a stupid 2nd entry position, but profits profit
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #72,217
  • Jun 24, 2008 10:26am Jun 24, 2008 10:26am
Quoting nAVIN2007
im tempted to short myself but we sitting on support..this could behave like a bullish flag
i can't hold my self here

as i can see we might go up to 1.9760-1.9780
if it was broken, we will see your 2.03

the range now is closing it is so close to tell where we will go

so the best sell on 1.9760, with stop at 1.9810
  • #72,218
  • Jun 24, 2008 10:26am Jun 24, 2008 10:26am
Quoting boxingislife
guys
heres a shot that might reinforce some of u that are buyers

broke a down trending line on the cci
+a bounce and a zero line rejection off the trendline

just a simple setup like that one is enough for me to be a buyer for some triple pippage
I always keep my eye on the euro because in 'normal' times there is linkage although sometimes its zero or inverse

Euro is threatening to go up which could provide the catalyst

I agree there is 200 pips lurking but which way - back into the channel or off to 2.0000

Closed my little short on cable (free day out today) and watching intently and ready for either move
  • #72,219
  • Jun 24, 2008 10:27am Jun 24, 2008 10:27am
Quoting nAVIN2007
im tempted to short myself but we sitting on support..this could behave like a bullish flag
Better odds going long here Nav, but lets face it the UK's about to close shop and when that happens, GBP's pretty much dead.

Late for a meeting, trade careful people!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #72,220
  • Jun 24, 2008 10:33am Jun 24, 2008 10:33am
Quoting tarektm
i can't hold my self here

as i can see we might go up to 1.9760-1.9780
if it was broken, we will see your 2.03

the range now is closing it is so close to tell where we will go

so the best sell on 1.9760, with stop at 1.9810

i agreee with u totally but....i will say one think..the bottom is tested far more than the top, we in a downtrend and the monthly pin is holding like a dream ...thats to me is a sign to say the bottom going to give...we not going into a uptrend...(i think) especially with the concern here in UK..2.03 IS POSSIBLE but for sure isnt a sign breakout to uptrend is happening...

that pin on monthly is the signal to short...and we are closing in now ..weeks away only....
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