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Cable Update (GBPUSD)

  • #101,481
  • Nov 26, 2008 11:17am Nov 26, 2008 11:17am
Quoting Shilva
Really agree with that. Have been trying to short her all morning and finally timed it right! +210

I seldom let a trade go against more then -15 and if i get up at all i will close it at BE or take what profit i can and run looking for a better entry. I try to hold the winners until the candle pattern tells me to exit.

Risk Management and not looseing $$$$ is my main focus.

Wow thats a tight stop but I am sure it works mathematically right now

In a choppy market with smallish moves it would be a loser - but in these conditions it looks perfect

I think thats the key - have different strategies for different market conditions
  • #101,482
  • Nov 26, 2008 11:20am Nov 26, 2008 11:20am
Quoting Big Wave Rider
Down goes the dow.
still up 35 on the dow

cant believe i walked into the Rio Tinto trap - I must have been sleep walking

never again


high 558 low 88 - jeez - and S and P rated 5 star buy throughout

S & P should be waterboarded at least
  • #101,483
  • Nov 26, 2008 11:24am Nov 26, 2008 11:24am
Who is trading tomorrow?
  • #101,484
  • Nov 26, 2008 11:25am Nov 26, 2008 11:25am
Quoting AmeriTrini
Who is trading tomorrow?
Not a holiday for me so if I see something, I'll take it...
Patience + Discipline - Greed = Success
  • #101,485
  • Nov 26, 2008 11:26am Nov 26, 2008 11:26am
Quoting AmeriTrini
Who is trading tomorrow?
Looking forward to it. After today, I could use a good day to recover.
  • #101,486
  • Nov 26, 2008 11:27am Nov 26, 2008 11:27am
Quoting Infinity
Not a holiday for me so if I see something, I'll take it...
same here
Trading is 80% Emotional, 20% Technical
  • #101,487
  • Nov 26, 2008 11:30am Nov 26, 2008 11:30am
cable finally opening up now, should move higher to 5337 area target initally 5306....
Trading is 80% Emotional, 20% Technical
  • #101,488
  • Nov 26, 2008 11:34am Nov 26, 2008 11:34am
Quoting eohater
Quote:
Originally Posted by ady27 http://www.forexfactory.com/images/buttons/viewpost.gif
Buy limit @ 1.5193.
support line there.
If not, buy only after 1.5259

At this point, I don't know. I'm still trying to figure out if I need to get the fuck out and take the loss..
Hope you are enjoying the ride, so far....
  • #101,489
  • Nov 26, 2008 11:35am Nov 26, 2008 11:35am
Quoting fx local
cable finally opening up now, should move higher to 5337 area target initally 5306....
and euro leading the way
  • #101,490
  • Nov 26, 2008 11:40am Nov 26, 2008 11:40am
Quoting allserene
Wow thats a tight stop but I am sure it works mathematically right now

In a choppy market with smallish moves it would be a loser - but in these conditions it looks perfect

I think thats the key - have different strategies for different market conditions
Yes...that seems to be the key. I had an overnight trade that worked great up until June and then I got margined called refusing to recognize the change in market conditions. Increased volatility killed the follow through.

Now i am watching and trying to call trades at levels where I am expecting a bounce...at least i will get up some quickly and can close at BE or only with a small loss if it have made a bad call.
  • #101,491
  • Nov 26, 2008 11:42am Nov 26, 2008 11:42am
Quoting allserene
and euro leading the way
lets hope so..
Attached Image (click to enlarge)
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  • #101,492
  • Nov 26, 2008 11:42am Nov 26, 2008 11:42am
I just put in a long on the pound and the Eu until tomorrow. Wait and see....
  • #101,493
  • Nov 26, 2008 11:43am Nov 26, 2008 11:43am
Quoting allserene
and euro leading the way
it lead the way down also
Trading is 80% Emotional, 20% Technical
  • #101,494
  • Nov 26, 2008 11:45am Nov 26, 2008 11:45am
Damned....miss the bus to go long @ 1.5200.
  • #101,495
  • Nov 26, 2008 11:46am Nov 26, 2008 11:46am
Quoting Shilva
Yes...that seems to be the key. I had an overnight trade that worked great up until June and then I got margined called refusing to recognize the change in market conditions. Increased volatility killed the follow through.

Now i am watching and trying to call trades at levels where I am expecting a bounce...at least i will get up some quickly and can close at BE or only with a small loss if it have made a bad call.
i used to trade the asian session and make lots of money... until august fucked things up
When life gives you lemons, make lemonade
  • #101,496
  • Nov 26, 2008 11:46am Nov 26, 2008 11:46am
Quoting Shilva
Yes...that seems to be the key. I had an overnight trade that worked great up until June and then I got margined called refusing to recognize the change in market conditions. Increased volatility killed the follow through.

Now i am watching and trying to call trades at levels where I am expecting a bounce...at least i will get up some quickly and can close at BE or only with a small loss if it have made a bad call.
Yes its really paranoia inducing when they 'change the rules' and the carefully crafted system doesn't work any more. CHEATS ! All that has happened is that the conditions have changed - like sailing an open canoe on a still lake and then trying to use it in choppy windy conditions...A different craft is needed

So always a stop loss but it's magnitude HAS to vary - but never to the size where it hurts too much

ps unless its a really small position where 400 pips wont be too bad
  • #101,497
  • Nov 26, 2008 11:47am Nov 26, 2008 11:47am
i had problems with my car today... had to lift it and come back home late... fuck it all
When life gives you lemons, make lemonade
  • #101,498
  • Nov 26, 2008 11:49am Nov 26, 2008 11:49am
Quoting gagakrimba
Damned....miss the bus to go long @ 1.5200.
I had been waiting all day for that bus. It came crashing on me.

I wouldn't ride it after that.

I am considering a short at 5340 of the 61.8 of this down move. Surely there will be some more profit taking at the end of the day.
  • #101,499
  • Nov 26, 2008 11:49am Nov 26, 2008 11:49am
Quoting Big Wave Rider
Down goes the dow.
making session highs according to my chart??
Trading is 80% Emotional, 20% Technical
  • #101,500
  • Nov 26, 2008 11:51am Nov 26, 2008 11:51am
Quoting micho
i had problems with my car today... had to lift it and come back home late... fuck it all

dont worry bro..theres good days ahead.
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