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Cable Update (GBPUSD)

  • #142,641
  • Jul 3, 2009 7:58am Jul 3, 2009 7:58am
HELLO ALLZ
HOWZ TRADE GOING
  • #142,642
  • Jul 3, 2009 7:58am Jul 3, 2009 7:58am
Quoting ubaidahsan
no i am not scalping bro asking for longer term ..so you mean i have to wait...and when there is a clear signal then enter again right?..

Ub
Yes ub, let's just wait & see what next week offers us
Thank You
  • #142,643
  • Jul 3, 2009 7:59am Jul 3, 2009 7:59am
Quoting omar79
ya u got it man , confirm it at break of 6348
t/p 6380
think 6356 is a good breakout for long.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #142,644
  • Jul 3, 2009 8:01am Jul 3, 2009 8:01am
Good Morning all! Looking to go long at 1.6324, what is your outlook? Also, I would like some input from you people, if you had a $10k account what is the maximum MINI lot size that you would trade?
Hero Traders Live to see their Accounts Die!
  • #142,645
  • Jul 3, 2009 8:17am Jul 3, 2009 8:17am
Okay done the last batch of my trades so I'm gonna bugger off for the weekend.
Happy 4th of July to everyone & especially to my American friends & fellow traders. Enjoy the weekend & have a blast you guys!

Party hard like these guys:
Inserted Video




Next week we'll sing "the roof is on fire" while watching cable tank wooohoooooooo.

Okay bye
Thank You
  • #142,646
  • Jul 3, 2009 8:18am Jul 3, 2009 8:18am
Quoting wormboy
Okay done the last batch of my trades so I'm gonna bugger off for the weekend.
Happy 4th of July to everyone & especially to my American friends & fellow traders. Enjoy the weekend & have a blast you guys!

Party hard like these guys:
http://www.youtube.com/watch?v=wJFzJNssVHY



Next week we'll sing "the roof is on fire" while watching cable tank wooohoooooooo.

Okay bye
You have great weekend too my friend
  • #142,647
  • Jul 3, 2009 8:18am Jul 3, 2009 8:18am
Quoting Yngwie
think 6356 is a good breakout for long.
Now looking for short with SL@6358
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #142,648
  • Jul 3, 2009 8:22am Jul 3, 2009 8:22am
Hi,

Have you closed your last position?

LT
Quoting wormboy
Okay done the last batch of my trades so I'm gonna bugger off for the weekend.
Happy 4th of July to everyone & especially to my American friends & fellow traders. Enjoy the weekend & have a blast you guys!

Party hard like these guys:
http://www.youtube.com/watch?v=wJFzJNssVHY



Next week we'll sing "the roof is on fire" while watching cable tank wooohoooooooo.

Okay bye
Discomfort and profit often stand side by side
  • #142,649
  • Jul 3, 2009 8:22am Jul 3, 2009 8:22am
Long [email protected]
If everyone believes it, it will work.
  • #142,650
  • Jul 3, 2009 8:27am Jul 3, 2009 8:27am
When is this thing really gonna dive? Still early right?
Great Bodies are Engineered not Born
  • #142,651
  • Jul 3, 2009 8:30am Jul 3, 2009 8:30am
Quoting RichLadyFX
When is this thing really gonna dive? Still early right?
Usa is in a vaction , there is no volume in the market , i think it's gonna be next week . i will keep my shorts to the next week
  • #142,652
  • Jul 3, 2009 8:32am Jul 3, 2009 8:32am
Quoting RichLadyFX
When is this thing really gonna dive? Still early right?
seems already preparing for the dive...
  • #142,653
  • Jul 3, 2009 8:36am Jul 3, 2009 8:36am
Quoting simoneg
Good Morning all! I would like some input from you people, if you had a $10k account what is the maximum MINI lot size that you would trade?
No one with any suggestions on this?
Hero Traders Live to see their Accounts Die!
  • #142,654
  • Jul 3, 2009 8:44am Jul 3, 2009 8:44am
Quoting simoneg
No one with any suggestions on this?
some people would say 1 mini lot some people would trade up to 25 mini lots it depends on what you want and how much do u want to risk
  • #142,655
  • Jul 3, 2009 8:45am Jul 3, 2009 8:45am
Quoting simoneg
No one with any suggestions on this?
for 10k account, i would use 20mini lots. half will close in first target, and rest will let it ride until exhausted.
If everyone believes it, it will work.
  • #142,656
  • Jul 3, 2009 8:49am Jul 3, 2009 8:49am
Thanks Tj and EA. My max risk is 2% and average 1% so I was thinking 5-6 minis would be conservative especially since most times my risk is about 20pips or so. Thanks again!
Hero Traders Live to see their Accounts Die!
  • #142,657
  • Jul 3, 2009 9:01am Jul 3, 2009 9:01am
Quoting simoneg
Thanks Tj and EA. My max risk is 2% and average 1% so I was thinking 5-6 minis would be conservative especially since most times my risk is about 20pips or so. Thanks again!
20 pips risk or stoploss for Cable is very very narrow (not enough room to breath) unless you get in with a precise surgical entry.
  • #142,658
  • Jul 3, 2009 9:03am Jul 3, 2009 9:03am
Quoting mktjong
20 pips risk or stoploss for Cable is very very narrow (not enough room to breath) unless you get in with a precise surgical entry.
Hi mk, most of my entries are precise. I wait for good setups and take only those with higher probability. Can I tell you, lots of times my stop is 15 pips. So when I am wrong it is by a small margin that is easy to correct, by waiting on another entry.
Hero Traders Live to see their Accounts Die!
  • #142,659
  • Jul 3, 2009 9:46am Jul 3, 2009 9:46am
Quoting simoneg
Hi mk, most of my entries are precise. I wait for good setups and take only those with higher probability. Can I tell you, lots of times my stop is 15 pips. So when I am wrong it is by a small margin that is easy to correct, by waiting on another entry.
Hi Simoneg... what kind of system are u using? If u have one...
  • #142,660
  • Jul 3, 2009 9:49am Jul 3, 2009 9:49am
Hi there,
with the weekenk knocking the door, can we say the GBPUSD PA is going to fall or climb?
Any Suggesttions?
I read somewhere because we are now in summer time and economy is still not good, that EURUSD is going to fall, so the GBPUSD too, cause they are related in some way.
I think they booth are going to fall...
What do you think?
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