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Cable Update (GBPUSD)

  • #86,981
  • Sep 10, 2008 8:12am Sep 10, 2008 8:12am
Quoting "expert"
Did my comp crashed or what.Price is 39 very long time

Possible price now 1.7555
  • #86,982
  • Sep 10, 2008 8:14am Sep 10, 2008 8:14am
Quoting eohater
This is why I don't trade the news. It should have went up but instead it's heading back down to try for a new low.
I use the 'snooze' method of trading which is proving most successful.

Because I am on the Pacific Coast, I have to stand back and look at the big picture and then go to bed with positions on, but no pyjamas (pajamas) on

Then I wake up to the good news

If I was back in the best country that has ever existed in the history of the world, (it's a joke mr romney, like you) , I would be on GMT and chasing the news and chasing the market and meeting myself coming back and losing frequently

Its a lot easier to follow trends with a well capitalized account and reasonable positions which can yield excellent returns until you try for 10,000 % at which stage the losses can be unbearable

What's wrong with having some fun and making only 100% per annum ?

Most people on here would see 100% per annum on their account (not their geared up account), as piddling, and not up to their dreams of riches, but my bank offers less than 1% per annum (before tax) so it looks good to me
  • #86,983
  • Sep 10, 2008 8:19am Sep 10, 2008 8:19am
Finaly everything working.Oh i missed that 36 for 3 pips.
  • #86,984
  • Sep 10, 2008 8:21am Sep 10, 2008 8:21am
this market is crazy....nobody cn win in this shit....it went to 30 something i went to sell aadn it comes back up..i tried a 25 pip SL trade and got it..i feel like exiting this hedge now..and starting fresh..
  • #86,985
  • Sep 10, 2008 8:24am Sep 10, 2008 8:24am
Quoting allserene
I use the 'snooze' method of trading which is proving most successful.

Because I am on the Pacific Coast, I have to stand back and look at the big picture and then go to bed with positions on, but no pyjamas (pajamas) on

Then I wake up to the good news

If I was back in the best country that has ever existed in the history of the world, (it's a joke mr romney, like you) , I would be on GMT and chasing the news and chasing the market and meeting myself coming back and losing frequently

Its a lot easier to follow trends with a well capitalized account and reasonable positions which can yield excellent returns until you try for 10,000 % at which stage the losses can be unbearable

What's wrong with having some fun and making only 100% per annum ?

Most people on here would see 100% per annum on their account (not their geared up account), as piddling, and not up to their dreams of riches, but my bank offers less than 1% per annum (before tax) so it looks good to me
You serious in saying you actually achieve 100% pa return on your trading capital???

If so, hats off to you sir, as that's seriously impressive.

I aim for 20% pa return from my trading, which covers equities, indexes, commodities and currencies.
  • #86,986
  • Sep 10, 2008 8:30am Sep 10, 2008 8:30am
Quoting nAVIN2007
this market is crazy....nobody cn win in this shit....it went to 30 something i went to sell aadn it comes back up..i tried a 25 pip SL trade and got it..i feel like exiting this hedge now..and starting fresh..
i am with you bro as today is not a good day to start a fresh trade. Since I am holding two shorts from 1.7540 and 1.7532 so I am still waiting and waiting.

I can tell you guys why Cable is doing today but before saying it I want to say a short story about Lion.
Lion always eats enough food every day but one day he has eaten 5 days food in one day so the next 4 days he was sick and taking rest.

Similar situation of Lion is happening with CABLE. On the first day of this week, cable has performed 500 pips (up and down range) so cable is doing what Lion was doing in my above example, consolidation and ranging trading (got sick and taking rest)
  • #86,987
  • Sep 10, 2008 8:35am Sep 10, 2008 8:35am
Waiting to see next 1 hr candle opening.My 4hr chart is litlle bearish so waiting on 5 and 15 another set up for another short.Daily momentum is still below 0 price below 4 hr gann so no long for me.For now.I think and still hope that we will go below 36.I just need that number
  • #86,988
  • Sep 10, 2008 8:36am Sep 10, 2008 8:36am
Quoting nAVIN2007
this market is crazy....nobody cn win in this shit....it went to 30 something i went to sell aadn it comes back up..i tried a 25 pip SL trade and got it..i feel like exiting this hedge now..and starting fresh..

I have been taking shots as well these last 2 days
  • #86,989
  • Sep 10, 2008 8:42am Sep 10, 2008 8:42am
Quoting flaffie
I have been taking shots as well these last 2 days

maerket today is just taking money..i took a chance entered short at 1.5734 and i thought it broke the support..enter and it flies up now and makes a higher high then i thought it isnt a break out...

thats the problem situations like this.....u are required to make decision quick and thinking process for me goes out of the window...
  • #86,990
  • Sep 10, 2008 8:47am Sep 10, 2008 8:47am
Quoting Infinity
I think a break of the inside bar on the daily will be telling....
still not broken yet...
Patience + Discipline - Greed = Success
  • #86,991
  • Sep 10, 2008 8:51am Sep 10, 2008 8:51am
Actually bro what's happening right now since it is London Fix hour so they are keeping the rate between 1.7548-1.7560 tight range and I think after 12:00 Noon Eastern time it might go back to the smooth downward direction as DJIA has 100+ points at this time of the day and oil (102.56) and gold is also down (769.70).......

So I guess all short people just chill and relax and I think this buddy has to do down 30-40 pips or even more before it jumps high in Asia Session..........
  • #86,992
  • Sep 10, 2008 8:51am Sep 10, 2008 8:51am
Quoting Infinity
still not broken yet...
I don't think she will either. I've grabbed 40 pips in the last 50 mins. Scalping in and out. Overall I think we're heading back up to the 62 ema on the 1 hour. We'll see.
Just digging in the trenches like everyone else!
  • #86,993
  • Sep 10, 2008 8:53am Sep 10, 2008 8:53am
Quoting eohater
I don't think she will either. I've grabbed 40 pips in the last 50 mins. Scalping in and out. Overall I think we're heading back up to the 62 ema on the 1 hour. We'll see.
My 4h looks ripe for a big drop soon..
Patience + Discipline - Greed = Success
  • #86,994
  • Sep 10, 2008 8:53am Sep 10, 2008 8:53am
i add another short let see was i wrong?

But don't follow me.This is just a mad man talking with him self
  • #86,995
  • Sep 10, 2008 8:55am Sep 10, 2008 8:55am
5 min t new 1 hr candle.Let see will it be bearish indicators.Hope will be.

I should wait that candle first before opening this another short
  • #86,996
  • Sep 10, 2008 8:55am Sep 10, 2008 8:55am
here it is....
Attached Image (click to enlarge)
Click to Enlarge Name: 4.GIF Size: 24 KB
Patience + Discipline - Greed = Success
  • #86,997
  • Sep 10, 2008 8:57am Sep 10, 2008 8:57am
Quoting DJ4x
woo hoo. All trades closed for the day pos
just closed my last short -4! happy with that been sitting on it for 2 days now. Made some today so quite happy if you take where we turned!
  • #86,998
  • Sep 10, 2008 9:00am Sep 10, 2008 9:00am
I would love to see retracement to the 4h 5sma, or the 15m 50ema...
Patience + Discipline - Greed = Success
  • #86,999
  • Sep 10, 2008 9:03am Sep 10, 2008 9:03am
Quoting Infinity
I would love to see retracement to the 4h 5sma, or the 15m 50ema...
I went long on the new 4h candle. We'll see how it works out.
Just digging in the trenches like everyone else!
  • #87,000
  • Sep 10, 2008 9:04am Sep 10, 2008 9:04am
OH possible.This support just don't want to break.1 hr 5 sma for sure i think

All my SL is litlle above it
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