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Cable Update (GBPUSD)

  • #91,181
  • Oct 12, 2008 2:25pm Oct 12, 2008 2:25pm
Quoting nAVIN2007
i worked out that i the hedge is costing me roughly £7, i cant exit the longs since i have loss of more than 1000 pips difference i just have to wait till theres a potential reversal and the exit the short....there no other real way to get out without damaging my account big time

or trade till i get the same as the loss back ...which is possible considering the movement these days is huge
Navin2007

I blew my first two accounts trying a hedging strategy, however I am still fond of it how do you play it out?
LISTEN TO MR FUNDAMENTAL AND MR TECHNICAL
  • #91,182
  • Oct 12, 2008 2:42pm Oct 12, 2008 2:42pm
Currently: Cable 1.7155
  • #91,183
  • Oct 12, 2008 3:03pm Oct 12, 2008 3:03pm
Quoting okehiedon
Navin2007

I blew my first two accounts trying a hedging strategy, however I am still fond of it how do you play it out?
well the sitaution im in is i have a hedge 1000 pips for the long and 900 pips short and in profit.....the hedge in order for me to come out successfull urge me to cancel the long as its a losing position but the equity lost in doing this would perhaps give me a margin call..so its not a option

if i cancel the short...i have to go counter trend....this would lead to a blown account also ....so now either i wait for it to go to the longs and cancel the long so i go with trend or i wait for a reversal....

i waiting for either one of the 2....anything else would be suicide
  • #91,184
  • Oct 12, 2008 3:11pm Oct 12, 2008 3:11pm
hey guys nothing more profitable than trading a gap like this

happy trading
Trading is 80% Emotional, 20% Technical
  • #91,185
  • Oct 12, 2008 3:12pm Oct 12, 2008 3:12pm
Quoting okehiedon
Navin2007

I blew my first two accounts trying a hedging strategy, however I am still fond of it how do you play it out?
bottom line is try and not to profit from a bad position, just look for the best place to cut ur loss
Trading is 80% Emotional, 20% Technical
  • #91,186
  • Oct 12, 2008 6:14pm Oct 12, 2008 6:14pm
Hi all.I am trying some new thing so i am short from 7145 to arround DP area and from there if indi shows that will start bulding long positions.That is the idea for now.But if indicators shows oposit no ongs.

On the other hand we might have more range heare until clean break or bounce from 17000.See ya
  • #91,187
  • Oct 12, 2008 7:36pm Oct 12, 2008 7:36pm
Any other opinions?
  • #91,188
  • Oct 12, 2008 8:03pm Oct 12, 2008 8:03pm
Profit locked.Nice start of weekend.If break 7096 then waiting 7075 as next critical price for my short
  • #91,189
  • Oct 12, 2008 8:19pm Oct 12, 2008 8:19pm
Ok i think that 7064 area wuold be easy.Some trouble for short might be arroun 7045 area if we get theare.Going just fine for now.
  • #91,190
  • Oct 12, 2008 8:21pm Oct 12, 2008 8:21pm
Quoting "expert"
Profit locked.Nice start of weekend.If break 7096 then waiting 7075 as next critical price for my short
7065 now !!!
  • #91,191
  • Oct 12, 2008 8:33pm Oct 12, 2008 8:33pm
On my platform bounce of 7056.I hope it will come to 7045 area.If bid goes to 7087 might close and go long.

I need now break of 7066 and 7056
  • #91,192
  • Oct 12, 2008 9:38pm Oct 12, 2008 9:38pm
1.7045
  • #91,193
  • Oct 12, 2008 9:49pm Oct 12, 2008 9:49pm
Ladys and gentlmen i give you DP 1700.Change of plan going for 16970 area.Moving SL lower.I do.t know why nobody trading but...things are moving
  • #91,194
  • Oct 12, 2008 9:50pm Oct 12, 2008 9:50pm
Holy manoly give me baby 16880
  • #91,195
  • Oct 12, 2008 9:56pm Oct 12, 2008 9:56pm
Quoting "expert"
Holy manoly give me baby 16880
Guess u just get it. Saw that spike anyone juz now? LOL, I closed my short before that spike, too sad......
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  • #91,196
  • Oct 12, 2008 10:01pm Oct 12, 2008 10:01pm
Any one gone long already?

Long at 6960
  • #91,197
  • Oct 12, 2008 10:06pm Oct 12, 2008 10:06pm
Ok tht was almost 200 pips..Not long yet becuse everything is below 0.Willl wait to thing cool down.Then ride again.
  • #91,198
  • Oct 12, 2008 10:07pm Oct 12, 2008 10:07pm
this could be just a retrace but i am to sleepy.Going to sleep see ya later.
  • #91,199
  • Oct 12, 2008 10:08pm Oct 12, 2008 10:08pm
Bulltradinggoal #006 SELL GBP/USD

Now Bulltradinggoal is SELLING GBP/USD

Entry Point: 1.6990

TP: 1.6980 , 1.6960 , 1.6930 , 1.6905 , 1.6880 , 1.6855.


SL: 1.7100.


See more here: Bulltradinggoal #006 SELL GBP/USD

H1 trend is DOWN
H4 trend is DOWN
  • #91,200
  • Oct 12, 2008 10:37pm Oct 12, 2008 10:37pm
wat d trend for cable....long term
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