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Cable Update (GBPUSD)

  • #102,741
  • Dec 1, 2008 1:04pm Dec 1, 2008 1:04pm
Quoting enoh james a
an out +16 i chickened out 1.4845,but it better than loss tho.watin to short now

Enoh you cannot chicken out with +16 or else your stop losses better be no more than 8 Gotta learn to hold longer and not be affraid to take a loss. The math wont add up if you are always cuttting your profits to soon. It forces you to be right almost everytime with those numbers.

Let the trade breathe a bit it wont hurt
  • #102,742
  • Dec 1, 2008 1:05pm Dec 1, 2008 1:05pm
Quoting Infinity
I just closed my long scalp for 85 pips.. it could still go higher but I am satisfied with the day's haul....435 pips in total....

I will look for a short higher up because the weekly chart says so...

I have a legit question for you infinity. How many trades did you take to get 435 pips?
  • #102,743
  • Dec 1, 2008 1:07pm Dec 1, 2008 1:07pm
Quoting eohater
Excellent job bro! You've had a hell of a good day!

I'm still in my long, SL in the positive. I'm going to hold this for a minute or two longer and see where she goes.
Thanks bro.!! I hope you get another 100 pips on this trade!!! I will be looking to short at the m15 50 ema if we can get there.

We have already touched below last weeks low so I am looking for a good short entry now for a retest of last months low...

Good luck with your trade bro....
Patience + Discipline - Greed = Success
  • #102,744
  • Dec 1, 2008 1:07pm Dec 1, 2008 1:07pm
Quoting steelhead
I have a legit question for you infinity. How many trades did you take to get 435 pips?
it was actually about 44x pips... I got stopped out a few times in profit for +2 on a few trades.. probably about 4 or 5 .
Patience + Discipline - Greed = Success
  • #102,745
  • Dec 1, 2008 1:10pm Dec 1, 2008 1:10pm
Quoting Infinity
it was actually about 44x pips... I got stopped out a few times in profit for +2 on a few trades.. probably about 4 or 5 .
thats how to do it.....
  • #102,746
  • Dec 1, 2008 1:10pm Dec 1, 2008 1:10pm
Quoting Infinity
it was actually about 44x pips... I got stopped out a few times in profit for +2 on a few trades.. probably about 4 or 5 .

so one for 85 the other for 350. Curious where did the other 350 come from on the g/u? Short from where
  • #102,747
  • Dec 1, 2008 1:12pm Dec 1, 2008 1:12pm
Quoting Infinity
Thanks bro.!! I hope you get another 100 pips on this trade!!! I will be looking to short at the m15 50 ema if we can get there.

We have already touched below last weeks low so I am looking for a good short entry now for a retest of last months low...

Good luck with your trade bro....
Thanks bro! Yeah, that looks like a good place to TP and go short. Let's see how she fairs out.
Just digging in the trenches like everyone else!
  • #102,748
  • Dec 1, 2008 1:13pm Dec 1, 2008 1:13pm
Quoting steelhead
so one for 85 the other for 350. Curious where did the other 350 come from on the g/u? Short from where
Here..
Quoting Infinity
Thanks guys...

I took that trade last night on the retest of the 1h 62ema which also coincided with the retest of this broken m15 channel and 50sma too. When 5250 went, I just set my sl to +30 and let it run...
Patience + Discipline - Greed = Success
  • #102,749
  • Dec 1, 2008 1:15pm Dec 1, 2008 1:15pm
Quoting steelhead
Enoh you cannot chicken out with +16 or else your stop losses better be no more than 8 Gotta learn to hold longer and not be affraid to take a loss. The math wont add up if you are always cuttting your profits to soon. It forces you to be right almost everytime with those numbers.

Let the trade breathe a bit it wont hurt
yea i know but it looks so bearish now,or should i say might go either way cant afford a winning trade turn a losing one.OK winning is all that matters.anyway thank 4 the advice
  • #102,750
  • Dec 1, 2008 1:21pm Dec 1, 2008 1:21pm
Quoting Infinity
Here..

Thats good work then my friend. Be ready to buy again if we dip below 148
  • #102,751
  • Dec 1, 2008 1:22pm Dec 1, 2008 1:22pm
The DOW is just getting it's teeth kicked in today! It's almost caught up to cable!
Just digging in the trenches like everyone else!
  • #102,752
  • Dec 1, 2008 1:24pm Dec 1, 2008 1:24pm
Quoting steelhead
Thats good work then my friend. Be ready to buy again if we dip below 148
Are you already long steelhead?
Just digging in the trenches like everyone else!
  • #102,753
  • Dec 1, 2008 1:25pm Dec 1, 2008 1:25pm
Quoting eohater
Are you already long steelhead?

No been messing with g/j today havent taken g.u yet. I will if it dips below 148.

Lots of buys I will do down there.
  • #102,754
  • Dec 1, 2008 1:27pm Dec 1, 2008 1:27pm
Quoting steelhead
No been messing with g/j today havent taken g.u yet. I will if it dips below 148.

Lots of buys I will do down there.
We'll probably see that area before the Asian session takes off.
Just digging in the trenches like everyone else!
  • #102,755
  • Dec 1, 2008 1:29pm Dec 1, 2008 1:29pm
Quoting steelhead
Thats good work then my friend. Be ready to buy again if we dip below 148
Thanks.... What price are you looking at for gu long.. I don't see this going above 1.5000 based on my charts.. We are being held up by this lower tl and I think that if we get below this lower line, we are on the way to test last months low..
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Patience + Discipline - Greed = Success
  • #102,756
  • Dec 1, 2008 1:29pm Dec 1, 2008 1:29pm
My longs were just closed out at 4870. Time for a new seat. Should have closed out when she couldn't break the 15m/21. Now it's probably time to go and test today's lows.
Just digging in the trenches like everyone else!
  • #102,757
  • Dec 1, 2008 1:38pm Dec 1, 2008 1:38pm
Quoting eohater
My longs were just closed out at 4870. Time for a new seat. Should have closed out when she couldn't break the 15m/21. Now it's probably time to go and test today's lows.
Great work bro!! Profit is profit!!
Patience + Discipline - Greed = Success
  • #102,758
  • Dec 1, 2008 1:47pm Dec 1, 2008 1:47pm
Quoting eohater
My longs were just closed out at 4870. Time for a new seat. Should have closed out when she couldn't break the 15m/21. Now it's probably time to go and test today's lows.
i certainly hope not....the candle formation on 1hr suggest to me still more room up....i had to have a bigger stop for this trade (bad one)
  • #102,759
  • Dec 1, 2008 1:48pm Dec 1, 2008 1:48pm
Great trading by all today......

I'm just waiting for the next setup!

HOLLA
  • #102,760
  • Dec 1, 2008 1:49pm Dec 1, 2008 1:49pm
Quoting nAVIN2007
i certainly hope not....the candle formation on 1hr suggest to me still more room up....i had to have a bigger stop for this trade (bad one)
Your looking good on your longs bro! Watch out around 4930 area, we could have some selling going on there. I'm watching the 15m 35/50 for a possible entry. Patiently waiting.
Just digging in the trenches like everyone else!
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