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Cable Update (GBPUSD)

  • #113,521
  • Jan 21, 2009 7:50am Jan 21, 2009 7:50am
Quoting Professor4x
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.
But why take losses when you are in possession of a Batch Hedge system, which is 100% guaranteed to beat the market?

Because mathematics will always beat the market, right, even when the UK banking system stands on the verge of collapse?
  • #113,522
  • Jan 21, 2009 7:52am Jan 21, 2009 7:52am
Just taking a few moments off from work to see how cable is doing and I see that she hit the slippery slope again after her highs in the Asian session. Have put a limit order in on her to long @1.3655 with a 20 pip s/l and have set t/p at 1.4020. Who knows what may happen to this pair . But this is a small risk to reward ratio only on .2 lots
  • #113,523
  • Jan 21, 2009 7:53am Jan 21, 2009 7:53am
yo guy's what do ya think cables go on next 1-2 hours...??
The Ottelo way's find the mutual system to wins
  • #113,524
  • Jan 21, 2009 7:55am Jan 21, 2009 7:55am
Quoting gammase1
But why take losses when you are in possession of a Batch Hedge system, which is 100% guaranteed to beat the market?

Because mathematics will always beat the market, right, even when the UK banking system stands on the verge of collapse?
Boredom and trading keeps my interest when have nothing else to do. I have 3 accounts live always. 1 to gamble, 1 for cash access to trade more conservatively, 1 for life savings and nest egg(this is on system) Trust system more than myself.
  • #113,525
  • Jan 21, 2009 7:55am Jan 21, 2009 7:55am
Quoting ottelo
yo guy's what do ya think cables go on next 1-2 hours...??
im saying up, check my last post
  • #113,526
  • Jan 21, 2009 7:57am Jan 21, 2009 7:57am
Quoting ottelo
yo guy's what do ya think cables go on next 1-2 hours...??
I'm long at 3757 stop 3657 target 3900 if that helps
  • #113,527
  • Jan 21, 2009 7:58am Jan 21, 2009 7:58am
Quoting Professor4x
Trust system more than myself.
I am with you on that one, Prof.
  • #113,528
  • Jan 21, 2009 7:59am Jan 21, 2009 7:59am
So many false breakouts here. Overall trend remains DOWN
  • #113,529
  • Jan 21, 2009 8:00am Jan 21, 2009 8:00am
Quoting PipLand
im saying up, check my last post

I would like to add that im currently flat though i dont think i'll go long until I have a much better confirmation of double bottom and a better price too
  • #113,530
  • Jan 21, 2009 8:02am Jan 21, 2009 8:02am
bullish h1 pattern... but i hesistate to do anything with this pair right now....
DireXiv Make it happen, no one else is going to do it for you...
  • #113,531
  • Jan 21, 2009 8:03am Jan 21, 2009 8:03am
Quoting DireXiv
bullish h1 pattern... but i hesistate to do anything with this pair right now....
Exactly, def bullish but after price action yesterday im thinking very carefully before going long!
  • #113,532
  • Jan 21, 2009 8:03am Jan 21, 2009 8:03am
Look at your monthly bollinger bands on gbp/usd and you will see low band or support bands is issuing clear trade signal. lband reads 1.4506 and market price is 3773 indicating its over sold down here. That is why i tried to find bottom an since 8 hr is so oversold expect the trend to retrace for a bit and get back to range and test big resistance at 1.43 in next couple days.
  • #113,533
  • Jan 21, 2009 8:04am Jan 21, 2009 8:04am
plz help what is a target for cable
  • #113,534
  • Jan 21, 2009 8:09am Jan 21, 2009 8:09am
Quoting momowafy
plz help what is a target for cable
bb on daily lband is 3925 and since trend and momentum is down aggressively just looking for retracem there first stop. That is for trend trade plan, if your swing trading it should be lower
  • #113,535
  • Jan 21, 2009 8:09am Jan 21, 2009 8:09am
just got m5 long setup too... although i don't take those against the h1 trend... but with the h1 pattern just played.. it may run long for a bit...

needs to clear 1.3 for further upside

Quoting PipLand
Exactly, def bullish but after price action yesterday im thinking very carefully before going long!
DireXiv Make it happen, no one else is going to do it for you...
  • #113,536
  • Jan 21, 2009 8:10am Jan 21, 2009 8:10am
Quoting gammase1
But why take losses when you are in possession of a Batch Hedge system, which is 100% guaranteed to beat the market?

Because mathematics will always beat the market, right, even when the UK banking system stands on the verge of collapse?
what,is this last thursday again?I really could use this time machine.
  • #113,537
  • Jan 21, 2009 8:14am Jan 21, 2009 8:14am
gbp as to clear 3810 and it will run to 3840.
  • #113,538
  • Jan 21, 2009 8:14am Jan 21, 2009 8:14am
Quoting trader2160
what,is this last thursday again?I really could use this time machine.
Hahaha....

Last time I heard from the Prof was when he placed a long around the 1.45XX with no stop, as he didn't deem it necessary. I wondered if he lost money from this trade, but thought that to be unlikely, seeing as he has the Batched Hedge System (a.k.a. keep doubling your bet on the way down and hope for the best).
  • #113,539
  • Jan 21, 2009 8:15am Jan 21, 2009 8:15am
Quoting PipLand
Exactly, def bullish but after price action yesterday im thinking very carefully before going long!
Hey bro whats up?
  • #113,540
  • Jan 21, 2009 8:17am Jan 21, 2009 8:17am
Quoting gammase1
Hahaha....

Last time I heard from the Prof was when he placed a long around the 1.45XX with no stop, as he didn't deem it necessary. I wondered if he lost money from this trade, but thought that to be unlikely, seeing as he has the Batched Hedge System (a.k.a. keep doubling your bet on the way down and hope for the best).
yes lost 79 pips and no money because leverage was too low to care. i mini
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