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Cable Update (GBPUSD)

  • #96,941
  • Nov 11, 2008 7:44am Nov 11, 2008 7:44am
Quoting mike w
You must also let the man know that you trade very very short term Micho. Trading longer term without stops is normally a bad idea- I've done it and lost money in the long run because of it. Sometimes it works, sometimes you get slaughtered.

Normally I will set my stops just above the market ranges. Depending on the timeframes, this varies greatly.
well with the current market conditions and all the price manipulations we are seeing... its not safe to put a stop loss... but of course you will be monitoring the trade.... sometimes i leave it 2 days but i almost never go long when the trend is down like now... its been 2 months i am taking 90% short trades... but the longs are with tight stop loss
we all know that cable is gonna tank someday
When life gives you lemons, make lemonade
  • #96,942
  • Nov 11, 2008 7:52am Nov 11, 2008 7:52am
Here's a rally for you with a 5 minute bearish pin bar.
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I dream, therefore I become.
  • #96,943
  • Nov 11, 2008 7:54am Nov 11, 2008 7:54am
Good Day All! I'm new here and have been watching this thread quite sometime now. Some talent in here for sure. Looking to jump in and join the crowd and hopefully learn more than I already do. Nice to meet you all and good luck with the Cable. http://www.forexfactory.com/images/icons/icon7.gif Bye the way I think we're gonna see 5500's shortly. Thanks.
  • #96,944
  • Nov 11, 2008 7:55am Nov 11, 2008 7:55am
Quoting micho
well with the current market conditions and all the price manipulations we are seeing... its not safe to put a stop loss... but of course you will be monitoring the trade.... sometimes i leave it 2 days but i almost never go long when the trend is down like now... its been 2 months i am taking 90% short trades... but the longs are with tight stop loss
we all know that cable is gonna tank someday
This is true my friend. I do monitor my trades while I'm here and look for key areas then add a solid 50 to 75 at least from there for cable. I've known it to jump past by a few and then come back down or up (whichever direction the trade is).
I dream, therefore I become.
  • #96,945
  • Nov 11, 2008 7:55am Nov 11, 2008 7:55am
guys, anybody is experiencing slow execution lately with your broker?
which broker do u use?
When life gives you lemons, make lemonade
  • #96,946
  • Nov 11, 2008 7:57am Nov 11, 2008 7:57am
Quoting Bullbear0072
Good Day All! I'm new here and have been watching this thread quite sometime now. Some talent in here for sure. Looking to jump in and join the crowd and hopefully learn more than I already do. Nice to meet you all and good luck with the Cable. http://www.forexfactory.com/images/icons/icon7.gif Bye the way I think we're gonna see 5500's shortly. Thanks.
It's nice to have you along for the ride! I agree with your thoughts on the lower 5500s very soon as well.

P.S. join in the conversations and ask questions. That will set you much farther ahead than what you would be without doing so. Doing that has helped me incredibly. There are a lot of great people on the board that are willing to help.
I dream, therefore I become.
  • #96,947
  • Nov 11, 2008 8:00am Nov 11, 2008 8:00am
Quoting micho
im having so much difficulty trading from work... people all around me
it sucks

for me it suck to be boss, my people watching me... and yeah, also difficult...

Learning, is a never ending processs...
  • #96,948
  • Nov 11, 2008 8:02am Nov 11, 2008 8:02am
Quoting micho

.......we all know that cable is gonna tank someday
sorry, why you think it will tank??
  • #96,949
  • Nov 11, 2008 8:04am Nov 11, 2008 8:04am
Quoting Bullbear0072
Good Day All! I'm new here and have been watching this thread quite sometime now. Some talent in here for sure. Looking to jump in and join the crowd and hopefully learn more than I already do. Nice to meet you all and good luck with the Cable. http://www.forexfactory.com/images/icons/icon7.gif Bye the way I think we're gonna see 5500's shortly. Thanks.
Attached Image
When life gives you lemons, make lemonade
  • #96,950
  • Nov 11, 2008 8:05am Nov 11, 2008 8:05am
Quoting vorschlag
sorry, why you think it will tank??
daily 4h 1h all pointing down... but hey that doesnt mean go short from here
When life gives you lemons, make lemonade
  • #96,951
  • Nov 11, 2008 8:06am Nov 11, 2008 8:06am
Thanks guys. Look'n forward to this.
  • #96,952
  • Nov 11, 2008 8:07am Nov 11, 2008 8:07am
Quoting vorschlag
sorry, why you think it will tank??
Because god or allah said so!

SOrry Micho!!! I had to just for fun! Call me Tiger Junior lol
I dream, therefore I become.
  • #96,953
  • Nov 11, 2008 8:14am Nov 11, 2008 8:14am
....i almost never go long when the trend is down like now... its been 2 months i am taking 90% short trades... but the longs are with tight stop loss
we all know that cable is gonna tank someday[/quote]

Hi there Micho, I hear what your saying about the trend, but dont it just suck when your with the trend and you have to stop yourself out because it flies the other way when it retraces. 2 trades just cost me $500.

Talk about LEMONS but that SUCKS
  • #96,954
  • Nov 11, 2008 8:14am Nov 11, 2008 8:14am
id be very carefull i think it will go up i have no idea why just instinct really also usd/chf (swissy i think) looks like its heading down to me and this should if correct send cable and eur up......just be carefull guys

I must be mad
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  • #96,955
  • Nov 11, 2008 8:15am Nov 11, 2008 8:15am
Quoting mike w
Because god or allah said so!

SOrry Micho!!! I had to just for fun! Call me Tiger Junior lol
lol lol lol lol lol
When life gives you lemons, make lemonade
  • #96,956
  • Nov 11, 2008 8:16am Nov 11, 2008 8:16am
Hi all, i am still learning here. can someone explain to me what exactly the word "tank" means.
Seem abit complicated explained by my friend just now.
  • #96,957
  • Nov 11, 2008 8:18am Nov 11, 2008 8:18am
Quoting meltz
Hi all, i am still learning here. can someone explain to me what exactly the word "tank" means.
Seem abit complicated explained by my friend just now.
Crash, fall, plummet, head south .... go down
USD Est Non Mortuus
  • #96,958
  • Nov 11, 2008 8:18am Nov 11, 2008 8:18am
Quoting Chris_35
....i almost never go long when the trend is down like now... its been 2 months i am taking 90% short trades... but the longs are with tight stop loss
we all know that cable is gonna tank someday
Hi there Micho, I hear what your saying about the trend, but dont it just suck when your with the trend and you have to stop yourself out because it flies the other way when it retraces. 2 trades just cost me $500.

Talk about LEMONS but that SUCKS[/quote]

yeah it sucks it happened to me last week on the rate decision announcement i went short and the price went against me 300 pips then people here in the forum freaked out and were talking about reversal so i got scared and lost 250 pips then i watched the price go down slowly 200 pips from my original entry....

cable sucks
When life gives you lemons, make lemonade
  • #96,959
  • Nov 11, 2008 8:18am Nov 11, 2008 8:18am
Quoting meltz
Hi all, i am still learning here. can someone explain to me what exactly the word "tank" means.
Seem abit complicated explained by my friend just now.
It means that price will drop a lot.

Price is gonna "tank" soon. I'm short so once this tanks, I'll be making a lot of money.
I dream, therefore I become.
  • #96,960
  • Nov 11, 2008 8:21am Nov 11, 2008 8:21am
thats a tanked tank
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When life gives you lemons, make lemonade
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