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Cable Update (GBPUSD)

  • #101,101
  • Nov 25, 2008 3:23pm Nov 25, 2008 3:23pm
Quoting alcando
I'm with you dude. Got in a bit early for comfort at 15505 (Still can't use the 1.5 phrase with cable....)

Only targeting 15400 tho if that
me too my target 1.5405... just cause its the fibo level there nothing much but it may bounce up for double top or something and then down. hopefully not cause my stop is at be and i need to sleep soon
When life gives you lemons, make lemonade
  • #101,102
  • Nov 25, 2008 3:25pm Nov 25, 2008 3:25pm
if we break 61 we have 40 then all the way to 1.5405
When life gives you lemons, make lemonade
  • #101,103
  • Nov 25, 2008 3:26pm Nov 25, 2008 3:26pm
Quoting micho
i downloaded it but still didn't make setup cause i slept and woke up had to do some stuff then trade

ill definitely see it tomorrow and send u a message about if i like it

are you using it?
yes but i still learning about it....maybe its usefull if it used right..
what you get in the wind goes through the storms
  • #101,104
  • Nov 25, 2008 3:27pm Nov 25, 2008 3:27pm
Quoting gagakrimba
enter short @ 1.5530
let's short this baby
Close and enter long @ 1.5460
  • #101,105
  • Nov 25, 2008 3:29pm Nov 25, 2008 3:29pm
Quoting i.shawish
yes but i still learning about it....maybe its usefull if it used right..
ok i hope its good
i will see it tomorrow

thanks alot by the way
When life gives you lemons, make lemonade
  • #101,106
  • Nov 25, 2008 3:30pm Nov 25, 2008 3:30pm
Well From what I can see, this zone around 15450-60 doesn't seem to have many buying orders but is the only real support before 15400 so I will stick around to see it thru and then set a stop above it for a decent profit with the same TP at 15410 (I'll get the 5 back 2moro).

Quoting micho
me too my target 1.5405... just cause its the fibo level there nothing much but it may bounce up for double top or something and then down. hopefully not cause my stop is at be and i need to sleep soon
Ride the Bulls bearback!
  • #101,107
  • Nov 25, 2008 3:33pm Nov 25, 2008 3:33pm
Quoting alcando
Well From what I can see, this zone around 15450-60 doesn't seem to have many buying orders but is the only real support before 15400 so I will stick around to see it thru and then set a stop above it for a decent profit with the same TP at 15410 (I'll get the 5 back 2moro).
well i dunno, there is one support also at 1.5440... but my stop is BE until i see a long signal i close my short and go sleep otherwise i will leave it to 1.5405
When life gives you lemons, make lemonade
  • #101,108
  • Edited 3:36pm Nov 25, 2008 3:36pm | Edited 3:36pm
closed mine.. there is a long signal now target 1.5524... stop 1.5439
im off to sleep see you tomorrow
When life gives you lemons, make lemonade
  • #101,109
  • Nov 25, 2008 3:36pm Nov 25, 2008 3:36pm
Quoting micho
closed mine.. there is a long signal now target 1.5529... stop 1.5439
im off to sleep see you tomorrow
see ya micho! We'll slay her again later!
Just digging in the trenches like everyone else!
  • #101,110
  • Nov 25, 2008 3:39pm Nov 25, 2008 3:39pm
Are u still long dude. I am also eyeing the exit plan and considering long. Look what she did last night. And Pips is pips...


Quoting eohater
see ya micho! We'll slay her again later!
Ride the Bulls bearback!
  • #101,111
  • Nov 25, 2008 3:40pm Nov 25, 2008 3:40pm
[quote=Shilva;2376484]Locked in +20 on this...going to the gym for my afternoon workout.
[/quote

Stopped out quick on this one.

Should of took the +40 when it was offered!
  • #101,112
  • Nov 25, 2008 3:42pm Nov 25, 2008 3:42pm
Quoting alcando
Are u still long dude. I am also eyeing the exit plan and considering long. Look what she did last night. And Pips is pips...
I closed my original long out at 5505 when she dropped. I reentered long at 5456 with a tight SL 5450. She might not work out, but that's ok with me, I'm still green for the day. I'm really looking for 5600 for my next short and I have a pending short order sitting there.
Just digging in the trenches like everyone else!
  • #101,113
  • Nov 25, 2008 3:45pm Nov 25, 2008 3:45pm
hey im back for a while... we entered the low volume period now... better not to long at this time...
see you tomorrow
When life gives you lemons, make lemonade
  • #101,114
  • Nov 25, 2008 3:45pm Nov 25, 2008 3:45pm
[quote=Shilva;2376759]
Quoting Shilva
Locked in +20 on this...going to the gym for my afternoon workout.
[/quote

Stopped out quick on this one.

Should of took the +40 when it was offered!
Don't feel bad bro! I had two shorts today that I was up over 60 pips on both of them and got closed out for +3 on them. I know exactly how you feel.
Just digging in the trenches like everyone else!
  • #101,115
  • Nov 25, 2008 3:48pm Nov 25, 2008 3:48pm
Shite, I don't like to trade against the Masters... So I may just close her now. There is strange action (to me) on the volume indicator so I will sacrifice a few prisoners to see were she goes..

Do you trade Thanksgiving day? I was reading that the Thanksgiving holiday normally presents a bit of a Dollar bashing day. Haveyou or anyone else any experience with that? The last US bank holiday the GBP bashed the dollar for no apparent reason so I am trying to plan my Thankspip day.


Quoting eohater
I closed my original long out at 5505 when she dropped. I reentered long at 5456 with a tight SL 5450. She might not work out, but that's ok with me, I'm still green for the day. I'm really looking for 5600 for my next short and I have a pending short order sitting there.
Ride the Bulls bearback!
  • #101,116
  • Nov 25, 2008 3:49pm Nov 25, 2008 3:49pm
Quoting alcando
Are u still long dude. I am also eyeing the exit plan and considering long. Look what she did last night. And Pips is pips...
its long time dude
i wanna see 1.5600 now
  • #101,117
  • Nov 25, 2008 3:49pm Nov 25, 2008 3:49pm
cable had a nice rebound from the lows overall, have to see when the main trend has to come back into play, should this area clear on the weekly/monthly charts, ie close above 155 area, we could see a further rebound, but i do fancy it "topping" out near here for a test of the lows going forward 1.46 - 1.36 tests?? just some food for thought.....
Trading is 80% Emotional, 20% Technical
  • #101,118
  • Nov 25, 2008 3:50pm Nov 25, 2008 3:50pm
http://forum.alpari.co.uk/showthread.php?p=202

am i reading this right.....

alpari closes the postions every night to add swap fees..so u can can be in drawdowns at all.....or am i wrong?
  • #101,119
  • Nov 25, 2008 3:51pm Nov 25, 2008 3:51pm
Quoting alcando
Shite, I don't like to trade against the Masters... So I may just close her now. There is strange action (to me) on the volume indicator so I will sacrifice a few prisoners to see were she goes..

Do you trade Thanksgiving day? I was reading that the Thanksgiving holiday normally presents a bit of a Dollar bashing day. Haveyou or anyone else any experience with that? The last US bank holiday the GBP bashed the dollar for no apparent reason so I am trying to plan my Thankspip day.
Bro, I'm not a master! I'm in the trenches just like you and everyone else.

I have traded Thanksgiving day before, but I doubt I will this time. I'm having it at my house this year. My wife will want my attention towards our guests/family and not on the market.
Just digging in the trenches like everyone else!
  • #101,120
  • Nov 25, 2008 3:52pm Nov 25, 2008 3:52pm
Quoting micho
anybody now short with me? i went short late at 1.55 i didn't see the charts until then

should see some heavy profit taking
I had a short order at 15500 then realized that I meant to set my order at 15600 but it was too late as it was up and running. Then I got worried about it taking me another -100 on account so I closed at -20, but then of course it came down almost 50 below my short entry.
I must learn not to panic, but thats hard to do when you have a run of negative results so I think I will stop trading for a bit and take stock of whats going wrong. Or maybe really reduce my lot size for a while until I can sort myself out.
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