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Cable Update (GBPUSD)

  • #109,841
  • Jan 7, 2009 12:47pm Jan 7, 2009 12:47pm
Quoting eohater
I was too heavy on my position. I started my short brigade at 4725 and added all the way til I had 10 Lots on the trade. I don't like to go that high. 8 is fine, 10 and I start getting edgy.
I got a whuppin' too - but got 30% back recently and holding my short and hoping its the top of the daily channel .. I was still high on happy juice from my colonoscopy operation yesterday when i put the position on - seems i got it up the bum twice yesterday ! haha !

I broke my rule of never dealing when i am tired or had a beer etc...
You have to be sharp at all times with this game
  • #109,842
  • Jan 7, 2009 12:47pm Jan 7, 2009 12:47pm
Quoting Atondra
Are you some kind of loan shark or what ?
Just digging in the trenches like everyone else!
  • #109,843
  • Jan 7, 2009 12:47pm Jan 7, 2009 12:47pm
Quoting eohater


I take it you have 17 standard lots open.
Closed, but i have 100K open now
  • #109,844
  • Jan 7, 2009 12:48pm Jan 7, 2009 12:48pm
i think cable have some power to go up ... if it goes i 'll short @ 1.5342
  • #109,845
  • Jan 7, 2009 12:49pm Jan 7, 2009 12:49pm
The current 4H is shaping up to be a very nice pinbar. Last time we got a pb at around 1.56, we all saw what happened afterward. My 4H candle closed in one hour. If it closes below 1.52, I would say high probability of a nice retracement tonight.
  • #109,846
  • Jan 7, 2009 12:50pm Jan 7, 2009 12:50pm
Quoting pocetung
hello anybody... i still hold my short at 14500.... is the trend still down?
pls give me advice...
Ooo dear.....that is already a hefty 700 pips down.
  • #109,847
  • Jan 7, 2009 12:50pm Jan 7, 2009 12:50pm
Quoting allserene
I got a whuppin' too - but got 30% back recently and holding my short and hoping its the top of the daily channel .. I was still high on happy juice from my colonoscopy operation yesterday when i put the position on - seems i got it up the bum twice yesterday ! haha !

I broke my rule of never dealing when i am tired or had a beer etc...
You have to be sharp at all times with this game
OUCH! I only got it once, thank god, and that was enough for me!!
Just digging in the trenches like everyone else!
  • #109,848
  • Jan 7, 2009 12:55pm Jan 7, 2009 12:55pm
Watch the chart
Attached Image (click to enlarge)
Click to Enlarge Name: 4hour.gif Size: 12 KB
  • #109,849
  • Jan 7, 2009 1:00pm Jan 7, 2009 1:00pm
Quoting Abuawad
Closed, but i have 100K open now

i have 4.5K short i am trading micros you think i should quit my day job and go full time trader
  • #109,850
  • Jan 7, 2009 1:00pm Jan 7, 2009 1:00pm
Quoting pocetung
hello anybody... i still hold my short at 14500.... is the trend still down?
pls give me advice...
you made my day - someone worse off than me !

I dont think anyone knows just now - its either a trend change - or you will get your money back one day - just as Governor Blagandhisbitch get out of prison

i agree with previous advice - put a s/l on right now
  • #109,851
  • Jan 7, 2009 1:02pm Jan 7, 2009 1:02pm
Quoting deboooo2005
Watch the chart
I like it!!! Yes, I like it in deed!!!
Just digging in the trenches like everyone else!
  • #109,852
  • Jan 7, 2009 1:04pm Jan 7, 2009 1:04pm
Quoting allserene
you made my day - someone worse off than me !

I dont think anyone knows just now - its either a trend change - or you will get your money back one day - just as Governor Blagandhisbitch get out of prison

i agree with previous advice - put a s/l on right now
put a stop loss now and go in short! if it move halfway down you break even! very little risk now:

maybe even short twice as many lot as you are @ 4500... then you only have to go less to break even :-) make sure you used stops! maybe stop at 5300

let me revised that: wait for the next push up... short at the top... right now it may move up some before it moves down.... always buy on dips / sell on rallies
  • #109,853
  • Jan 7, 2009 1:04pm Jan 7, 2009 1:04pm
anyone think will get another push to the top of the channel tonight sometime before tomorrow. just wondering if anyone had any thoughts on this. maybe up to the 1.5300 area again??
  • #109,854
  • Jan 7, 2009 1:05pm Jan 7, 2009 1:05pm
Quoting deboooo2005
Watch the chart
I was also looking at the daily trend line for short even though I did take one short at 5257.

I don't think the price will go that far up now to 5340 area. Given the pending interest rate announcement I expect some profit taking right after interest is paid.
  • #109,855
  • Jan 7, 2009 1:06pm Jan 7, 2009 1:06pm
Actually two reasons I am thinking to go towards downward direction in 24 hours; the first one is option expiring tomorrow for 1.50 and another main reason is hopefully the mpc interest rate will cut down to 1.50 (Consesus number) by 8:00 am tommorrow eastern time.

I am holding 1 short from 1.4902 and another one from 1.5220.....
  • #109,856
  • Jan 7, 2009 1:07pm Jan 7, 2009 1:07pm
Quoting eohater
I like it!!! Yes, I like it in deed!!!
welcome back .... snd sorry for your lose
  • #109,857
  • Jan 7, 2009 1:08pm Jan 7, 2009 1:08pm
Quoting mpurdy1973
i have 4.5K short i am trading micros you think i should quit my day job and go full time trader

HEY thats 45 cents per pip, I think It depends, on living expenses, whether you want to trade for a living or for wealth etc.

ALso do you aim for profit targets over 200 pips or less.
  • #109,858
  • Jan 7, 2009 1:08pm Jan 7, 2009 1:08pm
She retreated about 50 pips.
Now i think she gonna fly again
  • #109,859
  • Jan 7, 2009 1:10pm Jan 7, 2009 1:10pm
Quoting NwFXenthsist
anyone think will get another push to the top of the channel tonight sometime before tomorrow. just wondering if anyone had any thoughts on this. maybe up to the 1.5300 area again??

from what I see there is still an upward bias, but i'll stay out of the market right now cuz i'm thinking long, but probably will see a retracement downward first.
  • #109,860
  • Jan 7, 2009 1:12pm Jan 7, 2009 1:12pm
Quoting deboooo2005
welcome back .... snd sorry for your lose
Thank you! I'm not considering is a loss, just yet, more like a loan! If I don't get it back ontop of my monthly goal, then it will be a loss.
Just digging in the trenches like everyone else!
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