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Cable Update (GBPUSD)

  • #89,941
  • Oct 1, 2008 2:51pm Oct 1, 2008 2:51pm
Quoting nedal26
still short from 1.78

could we hit 76 ?
that was my orig target, but closed for +25
I think i will very easily get back down there.
  • #89,942
  • Oct 1, 2008 2:51pm Oct 1, 2008 2:51pm
Quoting Turtle
SWEET...

Congrats to all who made pips this afternoon on that ride down!!

HOLLA
I'm partying already!
Just digging in the trenches like everyone else!
  • #89,943
  • Oct 1, 2008 2:53pm Oct 1, 2008 2:53pm
Quoting nedal26
still short from 1.78

could we hit 76 ?
I don't think we will see it before the close of the US Session. We'll have some more pullback for another nice short later.
Just digging in the trenches like everyone else!
  • #89,944
  • Oct 1, 2008 3:00pm Oct 1, 2008 3:00pm
made shorts money but had some heart stoppers when it soared !
trying to squeeze the last drops to 1.77 with a tight s/l
  • #89,945
  • Oct 1, 2008 3:00pm Oct 1, 2008 3:00pm
Quoting nedal26
still short from 1.78

could we hit 76 ?

closed 1.7705
  • #89,946
  • Oct 1, 2008 3:00pm Oct 1, 2008 3:00pm
Can anyone spot my weakness -140 pips but then on the other side of the coin +286 pips
  • #89,947
  • Oct 1, 2008 3:02pm Oct 1, 2008 3:02pm
Quoting nedal26
closed 1.7705
Good job!
Just digging in the trenches like everyone else!
  • #89,948
  • Oct 1, 2008 3:04pm Oct 1, 2008 3:04pm
Quoting Chris_35
Can anyone spot my weakness -140 pips but then on the other side of the coin +286 pips
Losses are a part of the business! Go back in your trade history and your charts to see what you did wrong. It'll probablly pop right out at you. According to my math you still netting 146 pips for the day. That's good money!
Just digging in the trenches like everyone else!
  • #89,949
  • Oct 1, 2008 3:17pm Oct 1, 2008 3:17pm
Quoting eohater
Losses are a part of the business! Go back in your trade history and your charts to see what you did wrong. It'll probablly pop right out at you. According to my math you still netting 146 pips for the day. That's good money!
The money isnt quite what it seems as some of the looses were of a bigger lot size than some of the gains, (would have been nice if it was vice versa) though it is important that I did come out in credit. In future I will always stick to the same lot size until my fund size is large enough for me to up the anti on the proviso that my winning days are consistent.
ps replied to your pm
  • #89,950
  • Oct 1, 2008 3:24pm Oct 1, 2008 3:24pm
Quoting Chris_35
The money isnt quite what it seems as some of the looses were of a bigger lot size than some of the gains, (would have been nice if it was vice versa) though it is important that I did come out in credit. In future I will always stick to the same lot size until my fund size is large enough for me to up the anti on the proviso that my winning days are consistent.
ps replied to your pm
Lot sizes....oh how I know the feeling. It seems that everytime I increase my lot sizes I lose more trades. I know it's all psychological but it happens. My hardest transition was to trade 8 lots at a time. I still don't do it that often. I've found my comfort zone with 3-5 lots on the intial trade and then add to it as the trade moves in my favor more.
Just digging in the trenches like everyone else!
  • #89,951
  • Oct 1, 2008 4:18pm Oct 1, 2008 4:18pm
today i got -504 -98 +390 +44 +98 +131 = 61$

i had a bad start
When life gives you lemons, make lemonade
  • #89,952
  • Oct 1, 2008 4:19pm Oct 1, 2008 4:19pm
Expecting a large move some time after 8pm EST, (1am GMT)

It is not often that the Asian session gets a major news event out of the U.S. and..........

I would not leave any trades open..... at least have a good stop.
  • #89,953
  • Oct 1, 2008 4:22pm Oct 1, 2008 4:22pm
Good Lock for you all...
Attached Image
  • #89,954
  • Oct 1, 2008 5:23pm Oct 1, 2008 5:23pm
I'm short now. Targeting 1.7610
  • #89,955
  • Oct 1, 2008 5:34pm Oct 1, 2008 5:34pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Until this channel breaks with at least 2 1 hr candles above, I'm just looking for short opportunities. I'd rather be the last one to the long party and stay with the short crew dancing and drinking champagne. LOL. But seriously I'd rather wait for shorting opportunities on cable than buying it at these levels.
Attached Image (click to enlarge)
Click to Enlarge Name: oct 1 hourly.jpg Size: 183 KB
"Wishful thinking dies hard." Igor T.
  • #89,956
  • Oct 1, 2008 5:51pm Oct 1, 2008 5:51pm
Quoting di3seL
I'm short now. Targeting 1.7610
May I ask why you target 17610 because I am short at the moment and my target is the 100% fib 17634. But to give myself some space I set my limit @17644. Have set this on a t/s as I will be sleeping soon, but because this pair can be quite volatile it may blow me out on the t/s without much gain But then on the other hand it could be 1 pip short of my target then turn back on me and end up a loosing trade.
  • #89,957
  • Oct 1, 2008 5:52pm Oct 1, 2008 5:52pm
anyone have idea about Market-Rescue Bill Vote impact ??
  • #89,958
  • Oct 1, 2008 5:55pm Oct 1, 2008 5:55pm
Quoting di3seL
I'm short now. Targeting 1.7610
thanks for asking chris, cuz i was wondering too, the next fib down is 7578 and truthfully, if we get down to 610 the chance of it going to 75** is very high.
my target woud be set to 7645 unless i had good reason to believe it would breach 7600 at which point i would set my target to 7585
  • #89,959
  • Oct 1, 2008 6:00pm Oct 1, 2008 6:00pm
for anybody who pays attention, my MT4 demo has a new swap and it's quite costly.
i had a 6 lot demo open. I ended in BE but the negative swap was $334. compared to a single lot from a few weeks ago at $18... CRAZY!!!!
  • #89,960
  • Oct 1, 2008 6:22pm Oct 1, 2008 6:22pm
Quoting dakrusha
thanks for asking chris, cuz i was wondering too, the next fib down is 7578 and truthfully, if we get down to 610 the chance of it going to 75** is very high.
my target woud be set to 7645 unless i had good reason to believe it would breach 7600 at which point i would set my target to 7585
Your targets look good for me, but its gone midnight here now, so i will most likely be asleep when/if target is hit. (fingers crossed) Will be around for the next hour then back at it around 1:30 EST
If I could I would like to be watching price and adding to trade every 30 pips.
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