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Cable Update (GBPUSD)

  • #96,121
  • Nov 6, 2008 2:42pm Nov 6, 2008 2:42pm
Quoting Inzider
Nice insight. If it looks like today we'll better stick to the chart and not make any speculation... Exept 2 or 3 breakout, what a boring day!
Have you considered today to be boring? I certainly hope not!
Just digging in the trenches like everyone else!
  • #96,122
  • Nov 6, 2008 2:45pm Nov 6, 2008 2:45pm
Quoting nAVIN2007
im thinking test of bottom then up..
my micro is up for next week i only gotta fund it now...should be good to go..next week
Navin, from what I gather from your posts, you haven't got much confidence with trading lately. And I seem to remember you stating earlier that one would have to be paranormal to make money in these conditions.

Can I suggest that you try trading on a longer time frame.

My method is pretty simple, identify the medium term trend- not hard right now; it's down.

And then wait for good entries.

I've been building my short since 1.65- that's over 800 pips so far, and trust me it's soooo much less stressful, when you are sitting on 800 winning pips, you can set a stop loss at +400, and you still come out a heavy winner.

I've basically given up on scalping, because I nearly always lose in the long-run. I know it works for some people, but I think it's important to identify your individual strengths as a trader.
  • #96,123
  • Nov 6, 2008 2:49pm Nov 6, 2008 2:49pm
Quoting spintrader
...I think it's important to identify your individual strengths as a trader.

Very true! Also, congrats on your stacked shorts! You have some nice profit there!
Just digging in the trenches like everyone else!
  • #96,124
  • Nov 6, 2008 3:02pm Nov 6, 2008 3:02pm
i got +100 now on the short yes yes
cut a bit of my losses

revenge with u cable
When life gives you lemons, make lemonade
  • #96,125
  • Nov 6, 2008 3:03pm Nov 6, 2008 3:03pm
Quoting eohater
Come on 5650! Let's see it!
Got my 5650 and she's a little deeper. I'm expecting there to be some buyers around this level to push her back up for another charge. I see 5400 as a good possiblity! I've closed 3 lots and I have 3 more still open with SL in the positive.
Just digging in the trenches like everyone else!
  • #96,126
  • Nov 6, 2008 3:03pm Nov 6, 2008 3:03pm
Quoting eohater
Very true! Also, congrats on your stacked shorts! You have some nice profit there!
thanks man, I don't plan on closing these bad boys until at least 1.4's. Even considering the possibility of 1.3xx. Though we will have to see how things pan out over the next few weeks/months!
  • #96,127
  • Nov 6, 2008 3:06pm Nov 6, 2008 3:06pm
Quoting eohater
Got my 5650 and she's a little deeper. I'm expecting there to be some buyers around this level to push her back up for another charge. I see 5400 as a good possiblity! I've closed 3 lots and I have 3 more still open with SL in the positive.
Nice Work bro!!!
Patience + Discipline - Greed = Success
  • #96,128
  • Nov 6, 2008 3:06pm Nov 6, 2008 3:06pm
Quoting eohater
Got my 5650 and she's a little deeper. I'm expecting there to be some buyers around this level to push her back up for another charge. I see 5400 as a good possiblity! I've closed 3 lots and I have 3 more still open with SL in the positive.
yup 1.5620 was the target area now maybe up a bit
When life gives you lemons, make lemonade
  • #96,129
  • Nov 6, 2008 3:06pm Nov 6, 2008 3:06pm
Quoting Inzider
Yeah MBT give fluent cotation instead of fixed one. I give a better sight at battle of Bull and Bear.
That 0 diff cotation was a clear sign about hesitation, indecision.
Most of the time cable bid is near the 10 lowest cotation and ask at 10 high... Like 23 /33 or now 66/74

Its also help to see when bid capitule for the ask or vice versa... its just a tools, ain't my broker who have fixed spread.

Well...
My primary broker is MB Trading and my secondary is FXDD. I trade the Asian session usally with FXDD due to the Fixed spread, but my execution is outstanding with MB. I want to leave them, but it's hard when my orders get executed without variance and right away. The only problem I have is their variable during low volume (sometimes 12-18pips) and their commission.
Just digging in the trenches like everyone else!
  • #96,130
  • Nov 6, 2008 3:08pm Nov 6, 2008 3:08pm
[quote="expert";2331920]Can you please tell me that reason for up.I went short at DP area an still short.150 pips so far.Yesterday MYMAN or something like that said READY FOR DOWN BIG MONEY and price went up BIG TIME.Good i was long and not listen others.Now you say going up.WHY do you think.Maybe i should close my short then.I know this is forum we all should write thinking,but guys when saying up or down could you PLEASE write why you think that way.POsting some chart would be nice as well.That way this topic would be more quality.
Oh man.I got back from city and find 300 pips.I wish this guy answerd my question.

Oh man i just love cable.See ya all
  • #96,131
  • Nov 6, 2008 3:09pm Nov 6, 2008 3:09pm
by the way, regarding some mis leading / stupid guys on this forum.. stop giving us opinions without charts/clues

When life gives you lemons, make lemonade
  • #96,132
  • Nov 6, 2008 3:10pm Nov 6, 2008 3:10pm
Quoting Infinity
Nice Work bro!!!
You too bro! I saw you playing ping pong with the 5945 price this morning as well. We we're doing the same thing. I just let my 3rd one run.
Just digging in the trenches like everyone else!
  • #96,133
  • Nov 6, 2008 3:10pm Nov 6, 2008 3:10pm
they will not answer because they have no clue of whats going on
When life gives you lemons, make lemonade
  • #96,134
  • Nov 6, 2008 3:11pm Nov 6, 2008 3:11pm
Quoting karmostaji
People like me?

Do you think the big boys want to short it at this level? nah..
Oh man dear Karmo?Why is this down for 300 pips then.


I think i learn something.Everybody makes mistake
  • #96,135
  • Nov 6, 2008 3:14pm Nov 6, 2008 3:14pm
...
Attached Image (click to enlarge)
Click to Enlarge Name: 2st alert-e.gif Size: 23 KB
When life gives you lemons, make lemonade
  • #96,136
  • Nov 6, 2008 3:14pm Nov 6, 2008 3:14pm
Quoting micho
by the way, regarding some mis leading / stupid guys on this forum.. stop giving us opinions without charts/clues

I know this is not directed to me. I cannot post charts from my office, this is a main reason why I will refer to the MA's/EMA's I use. One can overlay them on their charts and see it.

I will say, 9 outta 10 times, I will enter a trade before I even read the forum. Sometimes, the forum throws me off on what I see.
Just digging in the trenches like everyone else!
  • #96,137
  • Nov 6, 2008 3:16pm Nov 6, 2008 3:16pm
Quoting micho
...
That was a nasty candle!
Just digging in the trenches like everyone else!
  • #96,138
  • Nov 6, 2008 3:18pm Nov 6, 2008 3:18pm
Quoting eohater
I know this is not directed to me. I cannot post charts from my office, this is a main reason why I will refer to the MA's/EMA's I use. One can overlay them on their charts and see it.

I will say, 9 outta 10 times, I will enter a trade before I even read the forum. Sometimes, the forum throws me off on what I see.

its not directed to you, it was some 3 people shouting long long reversal bla bla as if the sky fell on earth!!!!!!

i cant post emoticons although i need it so bad :[[[[[[[[[[[[[[
When life gives you lemons, make lemonade
  • #96,139
  • Nov 6, 2008 3:18pm Nov 6, 2008 3:18pm
Oh micho that candle bring me 120 pips.Later i enter short again
I am waiting to come to 5600 area t close last one short.
This will go down in asia i think because ninjas need to trede rate cuts as well on GBP and EUR.Se yaa
  • #96,140
  • Nov 6, 2008 3:19pm Nov 6, 2008 3:19pm
Quoting eohater
That was a nasty candle!
what kind of candles is that

where did it come from!!!!!!!!!!!!!!!!!!!!!!!
When life gives you lemons, make lemonade
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