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Cable Update (GBPUSD)

  • #77,921
  • Jul 25, 2008 10:24am Jul 25, 2008 10:24am
Quoting mirdaniel

Infinity, you like the 62ema?
No...... I love it....
Patience + Discipline - Greed = Success
  • #77,922
  • Jul 25, 2008 10:29am Jul 25, 2008 10:29am
Quote
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

I agree this week has been quite alright with me on the cable, though i left quite a few pips where i could have got more, but + pips is all good

Have a good weekend
  • #77,923
  • Jul 25, 2008 10:33am Jul 25, 2008 10:33am
Quoting allserene
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
I agree that trailing stops are far from perfect. However, they suit me, as it gives a level of comfort once S/L is at entry point, which I then view as a free shot at the market. Often after I've been stopped out, I look and marvel at what I could've won, but that's just life.

But when the market does surge, a trailing stop does give some fantastic gains, far in excess of the original risk/reward profile used to plan the trade.

Did you cash any of your Goldman or Wells Fargo shares in from the recent highs? I've today taken a small short position in Barclays to hedge against my long position in HSBC shares.

Have a great weekend!
  • #77,924
  • Jul 25, 2008 11:06am Jul 25, 2008 11:06am
Quoting Infinity
No...... I love it....
that ema is so respected its unbelieveable....loving it too
  • #77,925
  • Jul 25, 2008 11:17am Jul 25, 2008 11:17am
Quoting nAVIN2007
that ema is so respected its unbelieveable....loving it too
Patience + Discipline - Greed = Success
  • #77,926
  • Jul 25, 2008 12:53pm Jul 25, 2008 12:53pm
Quoting Infinity
Jamaica man - what time frame is that 1Hr?
  • #77,927
  • Jul 25, 2008 1:02pm Jul 25, 2008 1:02pm
Hey i closed my last order now... total +183 this week
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement1.gif Size: 5 KB
When life gives you lemons, make lemonade
  • #77,928
  • Jul 25, 2008 1:14pm Jul 25, 2008 1:14pm
Quoting svirgo
Jamaica man - what time frame is that 1Hr?
yes
Patience + Discipline - Greed = Success
  • #77,929
  • Jul 25, 2008 1:15pm Jul 25, 2008 1:15pm
Quoting micho
Hey i closed my last order now... total +183 this week

E.A working well today
  • #77,930
  • Jul 25, 2008 1:19pm Jul 25, 2008 1:19pm
Quoting nAVIN2007
E.A working well today
hopefully everyone is positive this week
When life gives you lemons, make lemonade
  • #77,931
  • Jul 25, 2008 1:25pm Jul 25, 2008 1:25pm
Yes I am positive too but unexpectedly I have two short positions still open for next week which I have a swap interest rate question for you guys as I never have short positions open for more than one day.

How much swap rate we have to pay for 1 mini lot and 1 standard lot per US session???

Have a nice and piece weekend everybody!!!!!
  • #77,932
  • Jul 25, 2008 1:26pm Jul 25, 2008 1:26pm
Quoting asyed4
Yes I am positive too but unexpectedly I have two short positions still open for next week which I have a swap interest rate question for you guys as I never have short positions open for more than one day.

How much swap rate we have to pay for 1 mini lot and 1 standard lot per US session???

Have a nice and piece weekend everybody!!!!!
Check your brokers website.
USD Est Non Mortuus
  • #77,933
  • Jul 25, 2008 1:38pm Jul 25, 2008 1:38pm
Quoting asyed4
Yes I am positive too but unexpectedly I have two short positions still open for next week which I have a swap interest rate question for you guys as I never have short positions open for more than one day.

How much swap rate we have to pay for 1 mini lot and 1 standard lot per US session???

Have a nice and piece weekend everybody!!!!!
thank god your short and not long.....what prices? ..and when i hold in the weekend the fee is like a normal day funny enough ...but i think like lucky suggest gotta check broker bro...
  • #77,934
  • Jul 25, 2008 1:52pm Jul 25, 2008 1:52pm
Quoting nAVIN2007
thank god your short and not long.....what prices? ..and when i hold in the weekend the fee is like a normal day funny enough ...but i think like lucky suggest gotta check broker bro...
Yes Navin, currently I have one mini lot short at 1.9874 and one standard lot short at 1.9864 and I just confirmed with my broker. They told me that they usually charge every day at 17:00 eastern time roughly around $2.80 per mini lot and $18 (not fixed) per standard lot.

I am happy that I am currently short, I have current PT levels are 1.9850 and 1.9855 as I kept it for today because I wanted to close my short positions as I didn't want to take over the weekend but since I was failed to close my short positions before closing the market so I am thinking to change my current pT level to support level 1.9820. Any thoughts would be really appreciated.....

Thanks and have a nice weekend Bro..
  • #77,935
  • Jul 25, 2008 2:45pm Jul 25, 2008 2:45pm
Well...... it's that time again people..... get away from the computers and stop looking at charts and calendars and news and all. It's time to relax and release some tension. Enjoy the weekend guys and don't forget to party.....
Attached Image
Patience + Discipline - Greed = Success
  • #77,936
  • Jul 25, 2008 2:55pm Jul 25, 2008 2:55pm
i have cold... cant go out
When life gives you lemons, make lemonade
  • #77,937
  • Jul 25, 2008 3:11pm Jul 25, 2008 3:11pm
Quoting Infinity
Well...... it's that time again people..... get away from the computers and stop looking at charts and calendars and news and all. It's time to relax and release some tension. Enjoy the weekend guys and don't forget to party.....
Are you from Jaimaica Bredrijn or you originally from there. If so I was just in Ocho Rios and went to Dunn River Falls (Paradise on earth) its incredible.

The other paradise is the fact that chronic is so damn cheap out there no wonder why everyone is sooo happy all the time.

I love JUMI-A-CA ...

But my wife see's me to happy and refuses to go back often ... damnit !
  • #77,938
  • Jul 25, 2008 3:35pm Jul 25, 2008 3:35pm
Quoting poweredbuyer
Are you from Jaimaica Bredrijn or you originally from there. If so I was just in Ocho Rios and went to Dunn River Falls (Paradise on earth) its incredible.

The other paradise is the fact that chronic is so damn cheap out there no wonder why everyone is sooo happy all the time.

I love JUMI-A-CA ...

But my wife see's me to happy and refuses to go back often ... damnit !
I am from here and I live here bro...
Jamaica is a beautiful country and Dunn's River Falls is just one of the many naturally beautiful attractions here. I don't know about the price of the chronic bro...... I don't smoke...

Bless
Patience + Discipline - Greed = Success
  • #77,939
  • Edited 6:50pm Jul 25, 2008 3:45pm | Edited 6:50pm
Quoting Infinity
I am from here and I live here bro...
Jamaica is a beautiful country and Dunn's River Falls is just one of the many naturally beautiful attractions here. I don't know about the price of the chronic bro...... I don't smoke...

Bless

Hey Infinity! I too am Jamaican, but living in BC Canada for 13 yrs now.
I suspected you were based on the avatar - proud to be a Jamaican

Have a great weekend
  • #77,940
  • Jul 25, 2008 3:49pm Jul 25, 2008 3:49pm
Quoting asyed4
Yes Navin, currently I have one mini lot short at 1.9874 and one standard lot short at 1.9864 and I just confirmed with my broker. They told me that they usually charge every day at 17:00 eastern time roughly around $2.80 per mini lot and $18 (not fixed) per standard lot.

I am happy that I am currently short, I have current PT levels are 1.9850 and 1.9855 as I kept it for today because I wanted to close my short positions as I didn't want to take over the weekend but since I was failed to close my short positions before closing the market so I am thinking to change my current pT level to support level 1.9820. Any thoughts would be really appreciated.....

Thanks and have a nice weekend Bro..
i think holding the short is ok ..possible risk to upside is to around 2.0 level target 1.9840- 1.9820 area possibly, 1.9900..should hold as resistance.
i planing to sell around 2.0 level but i shall do chart analysis on sunday to let u know what i think ..

good luck bro with the trade
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