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:: Cable (GBPUSD) Trend Trading ::

  • #21
  • Apr 23, 2007 8:54am Apr 23, 2007 8:54am
its look like you're trulli gambling guru.........
I Deeply Love My Virtual Life In Virtual World , RLC
  • #22
  • Apr 23, 2007 8:55am Apr 23, 2007 8:55am
Quoting Why Oh Why
2.0005 SL 1.9925 TP 2.0086 Last 2.0023.
This may assist.

http://www.tradingcentral.com/chart/...0423172402.GIF

Do not focus on making money; focus on protecting what you have.
  • #23
  • Apr 23, 2007 8:57am Apr 23, 2007 8:57am
Quoting notme32
its look like you're trulli gambling guru.........
But with a view. Thanks for dropping by. And the odds are stacked in my favour. IMO of course.
Do not focus on making money; focus on protecting what you have.
  • #24
  • Apr 23, 2007 9:04am Apr 23, 2007 9:04am
looking your chart above, its telling price going down , am i correct ?

so for the last week in this month, may i assume some taking profit will begin ?
I Deeply Love My Virtual Life In Virtual World , RLC
  • #25
  • Apr 23, 2007 9:22am Apr 23, 2007 9:22am
Quoting notme32
looking your chart above, its telling price going down , am i correct ? so for the last week in this month, may i assume some taking profit will begin ?
So short term it looks like it is going down when that was done. Right now I wouldn't go short at 2.0016. No value IMO. The ideal for me is it goes to 2.0063 then drops again. Anything above 2.005 is good for a short. Sir, nice of you to drop in and post. Great to have you visit.

And I'm finished for the day. Not a bad one. What will the future hold? Only the Forex Gods know that. I haven't got a clue. Everyone, have a great week. More in 12 hours.
Do not focus on making money; focus on protecting what you have.
  • #26
  • Apr 23, 2007 10:36pm Apr 23, 2007 10:36pm
Quoting Why Oh Why
2.0005 SL 1.9925 TP 2.0086 Last 2.0023.

2 long open from ten lots. 8 lots exited for pips referred to earlier. The earlier limit orders remain - 1 sell and 1 buy. With the new limit order that makes it 1 short and 2 long.

Old long 18 open pips and todays long 45 open pips.
Buy limit opened and 36 pip loss on 5 lots currently. 1.9965 left over from yesterday 1 lot is at 4 pips. The other 2.0005 long 1 lot hit SL. 45 pips were locked in perviously on the other 4.
Do not focus on making money; focus on protecting what you have.
  • #27
  • Apr 24, 2007 2:08am Apr 24, 2007 2:08am
Last: 1.9972
Pivot: 1.995
1st sup. 1.995
2nd sup. 1.9917
3rd sup. 1.9901
1st res. 2.0023
2nd res. 2.0044
3rd res. 2.0065

http://www.tradingcentral.com/chart/...0424100245.GIF

Do not focus on making money; focus on protecting what you have.
  • #28
  • Apr 24, 2007 2:33am Apr 24, 2007 2:33am
Would you actually go long? even into the face of the bearish move the last week? Or shall I rather ask, have you already gone long?
  • #29
  • Apr 24, 2007 2:46am Apr 24, 2007 2:46am
Quoting Why Oh Why
Buy limit opened and 36 pip loss on 5 lots currently. 1.9965 left over from yesterday 1 lot is at 4 pips. The other 2.0005 long 1 lot hit SL. 45 pips were locked in perviously on the other 4.
This was 3 posts up Francois. Overall I'll always be long unless I'm stopped out then I'll go long again from a lower base.

Out of the trades I've done here the only risk is now the one opened today which is mentioned in the quote. Currently a 28 pip loss on 5 long which I haven't profit locked yet.

I still have a sell limit at 2.0063 from 16 hours ago. The idea is to profit from the dips with an overall medium term bullish bias. It's going ok ATM.
Do not focus on making money; focus on protecting what you have.
  • #30
  • Apr 24, 2007 3:19am Apr 24, 2007 3:19am
Thank you Whyohwhy, 33 pip profit went long at 9984 and close out at 0017
  • #31
  • Apr 24, 2007 3:28am Apr 24, 2007 3:28am
Quoting Francois
Thank you Whyohwhy, 33 pip profit went long at 9984 and close out at 0017
Thanks for posting.
Do not focus on making money; focus on protecting what you have.
  • #32
  • Apr 24, 2007 4:14am Apr 24, 2007 4:14am
Quoting Why Oh Why
Buy limit opened and 36 pip loss on 5 lots currently. 1.9965 left over from yesterday 1 lot is at 4 pips. The other 2.0005 long 1 lot hit SL. 45 pips were locked in perviously on the other 4.
It was a 36 pip loss on the old and 5 long buy limit opened at 1.9965. Exited 1 lot for 40 pips - 4 remaining.
Do not focus on making money; focus on protecting what you have.
  • #33
  • Apr 24, 2007 4:18am Apr 24, 2007 4:18am
Quoting Why Oh Why
It was a 36 pip loss on the old and 5 long buy limit opened at 1.9965. Exited 1 lot for 40 pips - 4 remaining.
8 hours ago.The 36 pip open loss on 1 is now back to break even.
Do not focus on making money; focus on protecting what you have.
  • #34
  • Apr 24, 2007 5:21am Apr 24, 2007 5:21am
The 30-min RSI has broken above a bearish channel resistance & the pair validated a Falling Wedge pattern calling for another leg up.

http://www.tradingcentral.com/chart/...0424135749.GIF

Do not focus on making money; focus on protecting what you have.
  • #35
  • Apr 24, 2007 6:25am Apr 24, 2007 6:25am
Quoting Why Oh Why
It was a 36 pip loss on the old and 5 long buy limit opened at 1.9965. Exited 1 lot for 40 pips - 4 remaining.
3 long left and SL moved to break even. 80 pips profit locked. 1 lot on old trade back to break even.
Do not focus on making money; focus on protecting what you have.
  • #36
  • Apr 24, 2007 6:51am Apr 24, 2007 6:51am
1.9955 SL 1.9915 TP 2.0045 Last 2.0002. 5 lots as always. Sell Limit for 5 still O/S at 2.0063. TP unchanged on 3 long O/S at 2.0065 with SL at break even and 80 pips banked for profit lock - 3rd consecutive trade locked in to profit early to guarantee pips. No losers - yet.
Do not focus on making money; focus on protecting what you have.
  • #37
  • Apr 24, 2007 7:11am Apr 24, 2007 7:11am
Quoting Why Oh Why
3 long left and SL moved to break even. 80 pips profit locked. 1 lot on old trade back to break even.
2 long left and SL still at break even. 138 pips profit locked.
Do not focus on making money; focus on protecting what you have.
  • #38
  • Apr 24, 2007 7:49am Apr 24, 2007 7:49am
Quoting Why Oh Why
2 long left and SL still at break even. 138 pips profit locked.
1 long left. 208 pips profit locked. If it hits the tighter stop which I've brought up to 1.9997 then I'll draw another 32 closed pips profit. That will be 240 pips for 5 lots I'll count as 48 pips on the trade. The TP unchanged at 2.0065.

Old long now at 30 pips open profit.
Do not focus on making money; focus on protecting what you have.
  • #39
  • Edited 8:01am Apr 24, 2007 7:56am | Edited 8:01am
Quoting Why Oh Why
1 long left. 208 pips profit locked. If it hits the tighter stop which I've brought up to 1.9997 then I'll draw another 32 closed pips profit. The TP unchanged at 2.0065.
Or if it hits TP that will be 30 pips. Now that's value.
Do not focus on making money; focus on protecting what you have.
  • #40
  • Apr 24, 2007 8:33am Apr 24, 2007 8:33am
I favour a consolidation.

http://www.tradingcentral.com/chart/...0424170808.GIF

Do not focus on making money; focus on protecting what you have.
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