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Cable Update (GBPUSD)

  • #105,901
  • Dec 10, 2008 10:54pm Dec 10, 2008 10:54pm
Eohater....are you on long or short ?
  • #105,902
  • Dec 10, 2008 10:56pm Dec 10, 2008 10:56pm
Quoting gagakrimba
Eohater....are you on long or short ?
I'm short from 4875 still.
Just digging in the trenches like everyone else!
  • #105,903
  • Dec 10, 2008 10:57pm Dec 10, 2008 10:57pm
Quoting dengzhi
it's not about pips, remember someone's 10 pips might be equal to your 300 pips..

it's about what % ROI can you make consistently every month
Very true!
Just digging in the trenches like everyone else!
  • #105,904
  • Dec 10, 2008 11:06pm Dec 10, 2008 11:06pm
Hi.
Great advise EO. Well, I am on my demo. Still catching up.
Is it allright if I sell at 1.486++ now?

Do u think it will go more that 1.4880?
  • #105,905
  • Dec 10, 2008 11:10pm Dec 10, 2008 11:10pm
Quoting Zikry
Hi.
Great advise EO. Well, I am on my demo. Still catching up.
Is it allright if I sell at 1.486++ now?

Do u think it will go more that 1.4880?
I don't know if she will go higher or not at the moment. I will say that she has the potential to go higher. She's been climbing up a trendline I have drawn on my 4h chart. I didn't expect to still be in this trade at this point. But I'm in it and either my SL will get hit or I'll get out with some kind of profit.
Just digging in the trenches like everyone else!
  • #105,906
  • Dec 10, 2008 11:15pm Dec 10, 2008 11:15pm
If anyone is wondering why I'm short, I'm playing it off of the high during the last US Session.

As to where she's going, she could be going to the moon Alice! We are coming into end of year. Positions are being squared away, profit is coming off the table.

We'll see how she turns out.
Just digging in the trenches like everyone else!
  • #105,907
  • Dec 10, 2008 11:17pm Dec 10, 2008 11:17pm
GBPUSD.....

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 26 KB


getting ready to pull in....
  • #105,908
  • Dec 10, 2008 11:21pm Dec 10, 2008 11:21pm
Quoting eohater
If anyone is wondering why I'm short, I'm playing it off of the high during the last US Session.

As to where she's going, she could be going to the moon Alice! We are coming into end of year. Positions are being squared away, profit is coming off the table.

We'll see how she turns out.
Another quick question for you. When you enter a trade what kind of spread do you put between the trade entry point and the SL? I've heard 30-50 pips is good and I'm guessing It all depends on what you can afford to risk.

Cheers
  • #105,909
  • Dec 10, 2008 11:24pm Dec 10, 2008 11:24pm
Quoting macockiner2
Another quick question for you. When you enter a trade what kind of spread do you put between the trade entry point and the SL? I've heard 30-50 pips is good and I'm guessing It all depends on what you can afford to risk.

Cheers

I don't have a fixed SL that I use for every trade I take. Each trade is different. It all depends upon the setup I use to enter the trade.
Just digging in the trenches like everyone else!
  • #105,910
  • Dec 10, 2008 11:24pm Dec 10, 2008 11:24pm
Still learning looking at the chart. I only have basic tools. Just understand the trend but looks like gonna have to learn more today as the trend changes.
Hope to learn more frm you guyz.
  • #105,911
  • Dec 10, 2008 11:25pm Dec 10, 2008 11:25pm
Quoting eohater
I don't have a fixed SL that I use for every trade I take. Each trade is different. It all depends upon the setup I use to enter the trade.
Makes sense, may i ask where you put your SL on this most recent sell trade?
  • #105,912
  • Dec 10, 2008 11:27pm Dec 10, 2008 11:27pm
Quoting macockiner2
Makes sense, may i ask where you put your SL on this most recent sell trade?
4900
Just digging in the trenches like everyone else!
  • #105,913
  • Dec 10, 2008 11:28pm Dec 10, 2008 11:28pm
Quoting Shermenator
GBPUSD.....

Attachment

getting ready to pull in....
Sorry.. still dont get the terms... what do u mean by pull in?
  • #105,914
  • Dec 10, 2008 11:29pm Dec 10, 2008 11:29pm
Quoting eohater
4900
And I was just stopped out!

Shit happens, next setup I will wait for.
Just digging in the trenches like everyone else!
  • #105,915
  • Dec 10, 2008 11:29pm Dec 10, 2008 11:29pm
Broken R2 and on the way to R3
  • #105,916
  • Dec 10, 2008 11:30pm Dec 10, 2008 11:30pm
My long is on fire hope you guys put the buy stop I gave...


Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 26 KB
  • #105,917
  • Dec 10, 2008 11:30pm Dec 10, 2008 11:30pm
Quoting eohater
4900
Thanks, me to, guess that didn't work out to well for either of us. Damn Brits lol

cheers
  • #105,918
  • Dec 10, 2008 11:31pm Dec 10, 2008 11:31pm
i got huge floating losses on my gbpusd and eurusd shorts
  • #105,919
  • Dec 10, 2008 11:33pm Dec 10, 2008 11:33pm
Quoting gagakrimba
Broken R2 and on the way to R3
This baby is going to 5050
  • #105,920
  • Dec 10, 2008 11:33pm Dec 10, 2008 11:33pm
Quoting macockiner2
Thanks, me to, guess that didn't work out to well for either of us. Damn Brits lol

cheers
Supply and Demand bro! I didn't think she was looking too good when it was taking so long to come back down. It's was a fair trade though to play it off of yesterday's high. The 4h closed above the 50 ema and that had me concerned as well.
Just digging in the trenches like everyone else!
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