Cable Update (GBPUSD) | Page 5706 | 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)

  • #114,101
  • Jan 22, 2009 12:22pm Jan 22, 2009 12:22pm
longs are in the house of pain

ouch

crazy

lucky to be on the right side

just lucky

its nuts
  • #114,102
  • Jan 22, 2009 12:23pm Jan 22, 2009 12:23pm
Quoting PipLand
when you trade goes your way when you feel comfortable with it you can lock it by moving your stop loss to keep you 1 or 2 pips in profit. Leaves a risk free trade on the table which the only way id get any sleep when leaving a trade on overnight lol
Thanks, man
  • #114,103
  • Jan 22, 2009 12:24pm Jan 22, 2009 12:24pm
trying long as stated from 3820
  • #114,104
  • Jan 22, 2009 12:25pm Jan 22, 2009 12:25pm
Quoting PipLand
when you trade goes your way when you feel comfortable with it you can lock it by moving your stop loss to keep you 1 or 2 pips in profit. Leaves a risk free trade on the table which the only way id get any sleep when leaving a trade on overnight lol
tight s/l overnight NEVER works -- when the mkt gets thin the brokers lash spider lines up and down 50 pips

they splodge you then go back to where they were

ITS so fast you can only see the spider line after its happened

they are gits
  • #114,105
  • Jan 22, 2009 12:26pm Jan 22, 2009 12:26pm
Quoting allserene
longs are in the house of pain

ouch

crazy

lucky to be on the right side

just lucky

its nuts
tough battle now to break 1.38.... fingers crossed !
  • #114,106
  • Jan 22, 2009 12:26pm Jan 22, 2009 12:26pm
Quoting PipLand
how are you hedging? same pair or different pairs? if there the same pairs then dont do it just take your loss and move onto the next trade
yes the problem with hedging is once yur in it and it works out u cant get out of it without closing the one in profit and then if u exit at the wrong time u had it....

gotta accept the risk b4 the trade or hedge to go against the trend to gain extra profit ( not good idea thou..lol)

all this coming from a hedge past addict
  • #114,107
  • Jan 22, 2009 12:26pm Jan 22, 2009 12:26pm
Quoting allserene
tight s/l overnight NEVER works -- when the mkt gets thin the brokers lash spider lines up and down 50 pips

they splodge you then go back to where they were

ITS so fast you can only see the spider line after its happened

they are gits
yeah I use an ECN so dont get stop hunted but i know what you mean ive seen a 1000pip stop hunt on the footsie, scary stuff for long term traders!!
  • #114,108
  • Jan 22, 2009 12:27pm Jan 22, 2009 12:27pm
Quoting blurrcow
tough battle now to break 1.38.... fingers crossed !
I hope it will be broken. Dow -200
  • #114,109
  • Jan 22, 2009 12:28pm Jan 22, 2009 12:28pm
Quoting blurrcow
tough battle now to break 1.38.... fingers crossed !
yeah its the tope of the old trendline on my chart, hope it falls back in
  • #114,110
  • Jan 22, 2009 12:30pm Jan 22, 2009 12:30pm
Quoting nAVIN2007
yes the problem with hedging is once yur in it and it works out u cant get out of it without closing the one in profit and then if u exit at the wrong time u had it....

gotta accept the risk b4 the trade or hedge to go against the trend to gain extra profit ( not good idea thou..lol)

all this coming from a hedge past addict
LOL at least your cured now though!!
  • #114,111
  • Jan 22, 2009 12:34pm Jan 22, 2009 12:34pm
Quoting PipLand
yeah its the tope of the old trendline on my chart, hope it falls back in
now if GBP/JPY can do us a favor and go below 122.50... this might just tip the scales for GBP/USD to drop below 1.3800...
  • #114,112
  • Jan 22, 2009 12:36pm Jan 22, 2009 12:36pm
Yeah i mean on same pair, probably not an official hedge, just the opposite trade to reduce risk.
It worked out well yesterday when it went like 150 against me, i maneged to make a profit from it.
I basically use half the lot I use for the first trade when it gets to certain point rather than close it, reason is because quite often it can turn around, so when it turns around I still make a small proift. But if it doesnt I make a small loss.
It is risky but Its working out ok atm. Today was not so good for me.

Edit: lol I say to reduce risk first then say, its risky. To me it reduces my risk but I no pletny of people will say it increases risk, I dont see it that way but hey.
  • #114,113
  • Jan 22, 2009 12:37pm Jan 22, 2009 12:37pm
out at b/e for now, don't like how it looks
  • #114,114
  • Jan 22, 2009 12:38pm Jan 22, 2009 12:38pm
Quoting blurrcow
now if GBP/JPY can do us a favor and go below 122.50... this might just tip the scales for GBP/USD to drop below 1.3800...
yeah EU has got support too

Bad cable get back in your downtrend now lol
Attached Image (click to enlarge)
Click to Enlarge Name: badcable.gif Size: 27 KB
  • #114,115
  • Jan 22, 2009 12:46pm Jan 22, 2009 12:46pm
Quoting PipLand
yeah I use an ECN so dont get stop hunted but i know what you mean ive seen a 1000pip stop hunt on the footsie, scary stuff for long term traders!!
yes i am going to use a small position with no stop loss for long term stuff

I reckon about 400 pips is the worst that can happen overnight - so as long as the position is so small that i can take that without kicking the cat, then thats ok

It will still be worth having after a week where it moves 6 to 10 k pips the 'right' way
  • #114,116
  • Jan 22, 2009 12:47pm Jan 22, 2009 12:47pm
Quoting blurrcow
now if GBP/JPY can do us a favor and go below 122.50... this might just tip the scales for GBP/USD to drop below 1.3800...
Yes it can!
  • #114,117
  • Jan 22, 2009 12:48pm Jan 22, 2009 12:48pm
closed and went long im dizzy now like a yoyo lol
  • #114,118
  • Jan 22, 2009 12:49pm Jan 22, 2009 12:49pm
Quoting PipLand
LOL at least your cured now though!!
lets hope so
  • #114,119
  • Jan 22, 2009 12:52pm Jan 22, 2009 12:52pm
Quoting PipLand
closed and went long im dizzy now like a yoyo lol
It's fun though isn't it! I'm back long myself at 3818 and covered +2. The current 1h candle is not going to engulf the last 1h candle. She could be getting ready for her launch. Dow is going up, risk aversion is going away from the dollar. My seat belt is securely fastened. I'd like to see another 200 pip run up like we saw yesterday.
Just digging in the trenches like everyone else!
  • #114,120
  • Jan 22, 2009 12:55pm Jan 22, 2009 12:55pm
Quoting allserene
yes i am going to use a small position with no stop loss for long term stuff

I reckon about 400 pips is the worst that can happen overnight - so as long as the position is so small that i can take that without kicking the cat, then thats ok

It will still be worth having after a week where it moves 6 to 10 k pips the 'right' way
yeah smaller positions overnight are a good idea in my opinion, i might try that too as I dont really leave trades on when im asleep unless i can get them locked and I never even used to leave anything overnight before.

I cant stop thinking about them and i end up not sleeping lol
364 traders viewing now, 1 is registered:
F.g