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Cable Update (GBPUSD)

  • #77,901
  • Jul 25, 2008 9:56am Jul 25, 2008 9:56am
Quoting KissFan
Hey Infinity! Thanks for all the great charts, I read almost every one you post. Question: When you say "gets below the 4hr 5sma" do you mean that the candle has to close below or just move below. Thanks again for your interpretation.
A close below.... My 4h closes in about an hour.
Patience + Discipline - Greed = Success
  • #77,902
  • Jul 25, 2008 10:27am Jul 25, 2008 10:27am
Quoting Infinity
A close below.... My 4h closes in about an hour.
That's good information to have as my 4 hr closes at 11:00am cst. I'm in Texas. I'll be looking at this. Take care!
  • #77,903
  • Jul 25, 2008 10:50am Jul 25, 2008 10:50am
Quoting nAVIN2007
now that i see how this has panned out im so glad i traded the way i did...imagine buying at 1.9840 seeing it go close to 2 and come back down...this is a hectic week
I made 40 pips on long today, which i closed out too soon at 1.9945, due to being far too eager to lock-in profits. I am not too unhappy about that, as it leaves me with small profit for the week.

I tend to operate all my trades with trailing stops, and keep moving by stop by 15 pips in tandem if/when spot moves in my favour.

You make a lot of very decent calls Navin2007, with some incisive analysis, and have bagged some good pips this month (certainly more than my running monthly total of 161 pips). However, I think you could make a whole lot more through using trailing stops and letting your winning trades run their course.
  • #77,904
  • Jul 25, 2008 10:58am Jul 25, 2008 10:58am
Quoting gammase1
I made 40 pips on long today, which i closed out too soon at 1.9945, due to being far too eager to lock-in profits. I am not too unhappy about that, as it leaves me with small profit for the week.

I tend to operate all my trades with trailing stops, and keep moving by stop by 15 pips in tandem if/when spot moves in my favour.

You make a lot of very decent calls Navin2007, with some incisive analysis, and have bagged some good pips this month (certainly more than my running monthly total of 161 pips). However, I think you could make a whole lot more through using trailing stops and letting your winning trades run their course.
Trouble with trailing stops is that the market keeps changing the game ! It works beautifully with strong even surges, but in a ripply choppy market it just chops your profit.

That's the trouble with forex, the rules change every few minutes depending on the characteristics of the movements. Then the effect of the news changes depending on just HOW bad or good it is and it can have a 180 degree difference to the same direction of news last month !

If this rabbit would run straight I could shoot it

I tend to fly by the seat of my pants as I can't invent a system which changes every nanosecond
  • #77,905
  • Jul 25, 2008 10:59am Jul 25, 2008 10:59am
Quoting gammase1
I made 40 pips on long today, which i closed out too soon at 1.9945, due to being far too eager to lock-in profits. I am not too unhappy about that, as it leaves me with small profit for the week.

I tend to operate all my trades with trailing stops, and keep moving by stop by 15 pips in tandem if/when spot moves in my favour.

You make a lot of very decent calls Navin2007, with some incisive analysis, and have bagged some good pips this month (certainly more than my running monthly total of 161 pips). However, I think you could make a whole lot more through using trailing stops and letting your winning trades run their course.

thanks bro ...means a lot i will certainly take what what u have said on board..and implement..have a great weekend
  • #77,906
  • Jul 25, 2008 11:05am Jul 25, 2008 11:05am
me this week not bad +169
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement1.gif Size: 5 KB
When life gives you lemons, make lemonade
  • #77,907
  • Jul 25, 2008 11:05am Jul 25, 2008 11:05am
great weekend all...
aniway thanks to quicksilver...
it's BE for me now.
  • #77,908
  • Jul 25, 2008 11:07am Jul 25, 2008 11:07am
Quoting micho
me this week not bad +169
Good job!
Just digging in the trenches like everyone else!
  • #77,909
  • Jul 25, 2008 11:08am Jul 25, 2008 11:08am
again
Attached Image
  • #77,910
  • Jul 25, 2008 11:08am Jul 25, 2008 11:08am
Quoting fransisco
great weekend all...
aniway thanks to quicksilver...
it's BE for me now.
have a great weekend all .....
  • #77,911
  • Jul 25, 2008 11:13am Jul 25, 2008 11:13am
Quoting eohater
Good job!
thanks man, good luck to all
When life gives you lemons, make lemonade
  • #77,912
  • Jul 25, 2008 11:15am Jul 25, 2008 11:15am
yes top week

think I will buy a new Renoir for my Bahamas apartment suite with the winnings
  • #77,913
  • Jul 25, 2008 11:22am Jul 25, 2008 11:22am
look cable going up again....another twist..might be bullish again must close above 1.9900
  • #77,914
  • Jul 25, 2008 11:24am Jul 25, 2008 11:24am
Quoting allserene
yes top week

think I will buy a new Renoir for my Bahamas apartment suite with the winnings

Are you trying to impress us??? Nice weekend to all of you.
  • #77,915
  • Jul 25, 2008 11:25am Jul 25, 2008 11:25am
Quoting nAVIN2007
look cable going up again....another twist..might be bullish again must close above 1.9900

Haha couldnt quite close things up eh bro? ... I had a feeling even though you said have a good weekend u would still be glued to the screen.

I think this is another opportunity to short at 9930 although DJI is comin down so it may be risky.
  • #77,916
  • Jul 25, 2008 11:25am Jul 25, 2008 11:25am
133+ for the week, thank you guys for some good advice and have a great weekend!!
Going to drink some cold beer and get ready for next week.
Please ask questions and share your experiences with us all!
  • #77,917
  • Jul 25, 2008 11:31am Jul 25, 2008 11:31am
Quoting poweredbuyer
Haha couldnt quite close things up eh bro? ... I had a feeling even though you said have a good weekend u would still be glued to the screen.

I think this is another opportunity to short at 9930 although DJI is comin down so it may be risky.
i placed a sell order at 1.9984 area....but definately not looking to enter any trades..it might just be going up because of profit taking. we didnt break the high of yesterday so now bias is short depending on the close

planing for next week already.....lol
  • #77,918
  • Jul 25, 2008 12:06pm Jul 25, 2008 12:06pm
yes made good dosh on the long and then a bit on the short

this range trading seems to suit me

Its not hard is it ? when it goes up you short, and when it goes down you long

My cat could master this weeks market and he wouldn't know a doji if he found one in his litter basket


So instead of waiting for big moves I should be satisfied with this see saw stuff

let's see what next week brings but I reckon more pendulum action and i think i will start to scale up
  • #77,919
  • Jul 25, 2008 12:08pm Jul 25, 2008 12:08pm
I couldn't resist that short off the 1h 62ema for a quick 20...
Patience + Discipline - Greed = Success
  • #77,920
  • Jul 25, 2008 12:20pm Jul 25, 2008 12:20pm
[quote=Infinity;2129041]I couldn't resist that short off the 1h 62ema for a quick 20...[/quote

Infinity, you like the 62ema?
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