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Cable Update (GBPUSD)

  • #101,501
  • Nov 26, 2008 9:53am Nov 26, 2008 9:53am
im out at 1.5306 from earlier long!!

EO - ustill in?


happy thanks giving to all those in states,
Trading is 80% Emotional, 20% Technical
  • #101,502
  • Nov 26, 2008 9:56am Nov 26, 2008 9:56am
Quoting fx local
im out at 1.5306 from earlier long!!

EO - ustill in?


happy thanks giving to all those in states,
I got a 60 pipper closed at 5300...
Patience + Discipline - Greed = Success
  • #101,503
  • Nov 26, 2008 9:57am Nov 26, 2008 9:57am
Quoting Infinity
I got a 60 pipper closed at 5300...
good stuff,
Trading is 80% Emotional, 20% Technical
  • #101,504
  • Nov 26, 2008 10:05am Nov 26, 2008 10:05am
Quoting fx local
good stuff,
You did'nt do too badly yourself bro..
Patience + Discipline - Greed = Success
  • #101,505
  • Nov 26, 2008 10:05am Nov 26, 2008 10:05am
Quoting fx local
making session highs according to my chart??

I thought it was going down, could break out of this range and go higher, or it's a good place to short, or it's a good time to quit and go drinking
Attached Image (click to enlarge)
Click to Enlarge Name: charts.gif Size: 17 KB
Just Trade It
  • #101,506
  • Nov 26, 2008 10:05am Nov 26, 2008 10:05am
i closed out as well ......i trading movements at these times of day...
  • #101,507
  • Nov 26, 2008 10:07am Nov 26, 2008 10:07am
I call that ungrateful dude. You had a ticket and everything. I sat in the bus and asked the driver to collect you from the usual spot. Pity there was a lot of traffic at the time and you couldn't get on properly. I chanced on the second bounce and found the seat I wanted. Problem is I don't trust the driver and can't manage this beast so I cant pick a stop. Frankly I think it is going up to visit stop 156 by the weekend if the Dow ends well but I wont keep this trade all the way I think. I can't sleep well knowing that the bus is moving around with my wallet on board.

Will probably target the 61 fib and then close most of it off.

Quoting Vourvoul
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.
Ride the Bulls bearback!
  • #101,508
  • Nov 26, 2008 10:10am Nov 26, 2008 10:10am
Quoting Big Wave Rider
I thought it was going down, could break out of this range and go higher, or it's a good place to short, or it's a good time to quit and go drinking
Sounds like a plan.....
Patience + Discipline - Greed = Success
  • #101,509
  • Nov 26, 2008 10:13am Nov 26, 2008 10:13am
Quoting alcando
I call that ungrateful dude....
what happens here is a mistery, it could tank or go higher..im tired of trading today....its been hard work to say the least...i gotta quit while im ahead, there always tomorrow...
  • #101,510
  • Nov 26, 2008 10:13am Nov 26, 2008 10:13am
Quoting Infinity
Sounds like a plan.....
brill plan one i intend to adopt!!!!
Trading is 80% Emotional, 20% Technical
  • #101,511
  • Nov 26, 2008 10:14am Nov 26, 2008 10:14am
I am considering a short at the m15 50ema with the the trendline in mind as a possible target.....
Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 26 KB
Patience + Discipline - Greed = Success
  • #101,512
  • Nov 26, 2008 10:15am Nov 26, 2008 10:15am
Quoting alcando
I call that ungrateful dude....
That driver was a fkn maniac dude...

I was sitting there waiting all day, in all calmness and patience and the bus came crashing on the bus stop sign. Honestly, I thought it was you driving that bus, as you said you'd bring it there just that you had no idea where the brake was.

When it bounced the second time I was on the floor bleeding...
  • #101,513
  • Nov 26, 2008 10:21am Nov 26, 2008 10:21am
Quoting Vourvoul
That driver was a fkn maniac dude...

I was sitting there waiting all day, in all calmness and patience and the bus came crashing on the bus stop sign. Honestly, I thought it was you driving that bus, as you said you'd bring it there just that you had no idea where the brake was.

When it bounced the second time I was on the floor bleeding...
thats why i took the boat second time up....
  • #101,514
  • Nov 26, 2008 10:23am Nov 26, 2008 10:23am
Quoting nAVIN2007
thats why i took the boat second time up....
There was a boat?
  • #101,515
  • Nov 26, 2008 10:28am Nov 26, 2008 10:28am
Quoting Vourvoul
There was a boat?


It's easy to miss the bus when it comes as a boat
Just Trade It
  • #101,516
  • Nov 26, 2008 10:30am Nov 26, 2008 10:30am
Quoting Big Wave Rider
It's easy to miss the bus when it comes as a boat
  • #101,517
  • Nov 26, 2008 10:41am Nov 26, 2008 10:41am
Quoting fx local
im out at 1.5306 from earlier long!!

EO - ustill in?


happy thanks giving to all those in states,
I am still in! I'm not giving up on this bitch from going up. I wouldn't be surprised to see her jump outta her pants and run her ass all the way to 56 tomorrow while all the American's are stuffing their guts.
Just digging in the trenches like everyone else!
  • #101,518
  • Nov 26, 2008 10:48am Nov 26, 2008 10:48am
This is completely random, but I've been thinking about letting winners ride and cutting losses short. And often when any of you guys mention moving stop to breakeven, do you mean:

1)Moving stop to your entry price
2)Moving stop to entry adjusted for say any partial profit taken, assuming it shifts stop closer such that overall trade is "free"

The way I see it, option(1) may cut your profits short but it also keeps the win % high if you adjust your stoploss after +20 pips for example whilst option(2) seems to allow more room for profit to run but my 2nd half of the trade have been closing out 0 for me a lot, and it's screwing up my risk/reward ratio a little if I'm going to be taking profits out of only half my trades and stop losses on the full.

Hope the experienced here can share their thoughts.

Also attached a trade I picked up from the BRV's "No Brainer" thread which I think is worth reading whether you trade with indicators or not, namely reinforces the basics of support and resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: 27-11-2008 02-39-36 GBPUSD.jpg Size: 171 KB
I need to put up stop losses.
  • #101,519
  • Nov 26, 2008 10:48am Nov 26, 2008 10:48am
Quoting micho
i used to trade the asian session and make lots of money... until august fucked things up
I remember that micho....I had just joined this thread looking for a new focus.

You sure were pissed and pip daddy was still around....the good old days!
  • #101,520
  • Nov 26, 2008 10:54am Nov 26, 2008 10:54am
If got some profit and now felt so tired, im want to have some sleep now.
See u guys.
GELORE
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