Cable Update (GBPUSD) | Page 5676 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #113,501
  • Jan 21, 2009 6:39am Jan 21, 2009 6:39am
Quoting fry2010
Really? Is that serious? U must have a nice profit from that building up. How far will u let it go before u take profit
Yeah, I have 4 positions with over 4000 pips in the green open at the mo. Positions against the JPY and USD.

I spent days working out each of those trades, until I knew I had a high probability of success and a good entry point.

As these are position trades, I am willing to let the market move up and down for a while, there is no rush to jump out.

I made these back in August.
Probability Professor
  • #113,502
  • Jan 21, 2009 6:42am Jan 21, 2009 6:42am
Nice work on those. I have considered doing position trades but my account wudnt handle the draw down, unless i got in like u did on cable.
U must have a nice healthy account balance
  • #113,503
  • Jan 21, 2009 6:43am Jan 21, 2009 6:43am
Quoting ammal07
tf 1h,last 2 candles has green color....yeah...

( eu is climbing up now,normally it will follows by gu... )
very doubt about it
  • #113,504
  • Jan 21, 2009 6:45am Jan 21, 2009 6:45am
hi
fyg we bought gbp put call usd k 1.15 expiry 18nov09 in size!
all the best
  • #113,505
  • Jan 21, 2009 6:47am Jan 21, 2009 6:47am
Quoting Galation
Yeah, I have 4 positions with over 4000 pips in the green open at the mo. Positions against the JPY and USD.

I spent days working out each of those trades, until I knew I had a high probability of success and a good entry point.

As these are position trades, I am willing to let the market move up and down for a while, there is no rush to jump out.

I made these back in August.
Would be great to get a bit of analysis (as to your entry reasoning) from ya mate if you'd be so kind - unfortunately wasnt watching it at the time and God knows if i woulda taken it if i was - even though it looks pretty straight forward in hindsight
  • #113,506
  • Jan 21, 2009 6:50am Jan 21, 2009 6:50am
Quoting fry2010
Nice work on those. I have considered doing position trades but my account wudnt handle the draw down, unless i got in like u did on cable.
U must have a nice healthy account balance
That's a good word: healthy. Position trading is one of the best strategies if you pull it off correctly. It has taken my account rather high, in monetary terms.
Probability Professor
  • #113,507
  • Jan 21, 2009 6:52am Jan 21, 2009 6:52am
iv entered another sell 1.3732.

Makes my trades look rather pathetic. I am happy with them though.
  • #113,508
  • Jan 21, 2009 6:57am Jan 21, 2009 6:57am
Quoting pipmyride
Would be great to get a bit of analysis (as to your entry reasoning) from ya mate if you'd be so kind - unfortunately wasnt watching it at the time and God knows if i woulda taken it if i was - even though it looks pretty straight forward in hindsight
I'll write up on it and let you know. I think I may have some images and screen shots of the trade entries. I'll have to look on my other computer.

In terms of this GU, it's quite simple. There is a support level, around 1.3730, watch this area, and then 1.37, and 1.3680.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 41 KB
Probability Professor
  • #113,509
  • Jan 21, 2009 7:05am Jan 21, 2009 7:05am
Quoting lucio
hi
fyg we bought gbp put call usd k 1.15 expiry 18nov09 in size!
all the best
what vol were you given?
  • #113,510
  • Jan 21, 2009 7:08am Jan 21, 2009 7:08am
Potential breakout of the triangle. Break could be either down or up. My bias is down to test previously mentioned support levels.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 43 KB
Probability Professor
  • #113,511
  • Jan 21, 2009 7:18am Jan 21, 2009 7:18am
On the 5 min, it's been trapped, ranging between the support and resistance lines, with false breakouts.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 38 KB
Probability Professor
  • #113,512
  • Jan 21, 2009 7:23am Jan 21, 2009 7:23am
im lookin at this being wave 5 of ew. target 1.3600
  • #113,513
  • Jan 21, 2009 7:34am Jan 21, 2009 7:34am
Hey guys hows it going, Ive closed all my shorts for some profit not quite 4700 but managed to grab some good pips at last.

Currently Im looking at a falling wedge so no more shorts for me, could this be a bullish reversal???
Attached Image (click to enlarge)
Click to Enlarge Name: bullishwedge.gif Size: 26 KB
  • #113,514
  • Jan 21, 2009 7:40am Jan 21, 2009 7:40am
Hope: Lack of proper discipline is hope. Hope is the most devastating of all feelings in trading, because it can lull you into becoming complacent. You know in most cases when you find yourself hoping, you are wrong, and just get out of market. This requires the most self-discipline of all. You were wrong. Never hope; just manage doubt. When the market is in control of your position you know your out of control which is hope.
  • #113,515
  • Jan 21, 2009 7:43am Jan 21, 2009 7:43am
Maybe, some retrace on GBP now, after drop more than 1000 pip in 3 days, maybe some 50-100 pip now...I look on 1.3850 now.
The market is always right, but it is not never wrong!!!
  • #113,516
  • Jan 21, 2009 7:44am Jan 21, 2009 7:44am
Quoting Professor4x
Hope: Lack of proper discipline is hope. Hope is the most devastating of all feelings in trading, because it can lull you into becoming complacent. You know in most cases when you find yourself hoping, you are wrong, and just get out of market. This requires the most self-discipline of all. You were wrong. Never hope; just manage doubt. When the market is in control of your position you know your out of control which is hope.
Are you still holding your long, which you entered a couple of days ago without any stop in place?

I guess you've made good profits on the trade, from using your Batch Hedging system?
  • #113,517
  • Jan 21, 2009 7:45am Jan 21, 2009 7:45am
Quoting guardians
Maybe, some retrace on GBP now, after drop more than 1000 pip in 3 days, maybe some 50-100 pip now...I look on 1.3850 now.
I'm in with stops 100 pips on both g/u and g/y. Looks like it needs to have a retracement before it can go lower.
  • #113,518
  • Jan 21, 2009 7:46am Jan 21, 2009 7:46am
i like my positions.
  • #113,519
  • Jan 21, 2009 7:47am Jan 21, 2009 7:47am
Quoting gammase1
Are you still holding your long, which you entered a couple of days ago without any stop in place?

I guess you've made good profits on the trade, from using your Batch Hedging system?
My risk management skills are very good. That is why i survived 25 years trading. Stopped out reversed took profit reversed went long last night and made 160 on two pairs. Please don't think i hold losers so far from market that is rookie's mistake and i cut quick to keep my entry price as close to market as possilbe because you can only make money with entry close to market to be in market. Taking loses is all part of trading.
  • #113,520
  • Jan 21, 2009 7:49am Jan 21, 2009 7:49am
Quoting gammase1
Are you still holding your long, which you entered a couple of days ago without any stop in place?

I guess you've made good profits on the trade, from using your Batch Hedging system?
and yes i am up 3.8% so far in january with batched scale hedge but that is my system not my manuael entries. System has made at least 1% a week for past 6 months since running.
313 traders viewing now, 1 is registered: