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Cable Update (GBPUSD)

  • #155,161
  • Aug 5, 2009 2:31am Aug 5, 2009 2:31am
Quoting albchr
First little trade about 5 hours ago I took a 10 pip hit on. Went long there thinking this would happen then...LOL

I always try to catch the bounce off serious S/R on big news spikes so I got in short at 6992. At BE now and looking for 6966/56 area maybe...
Welcome to the short side Chris, this range is doing my head in.... Firm believer that 1.7000 is strong if she can't smash it on the 3rd attempt.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #155,162
  • Aug 5, 2009 2:35am Aug 5, 2009 2:35am
I belive the fourh attempt is on the way.

Quoting Bull_Bear
Welcome to the short side Chris, this range is doing my head in.... Firm believer that 1.7000 is strong if she can't smash it on the 3rd attempt.
  • #155,163
  • Aug 5, 2009 2:37am Aug 5, 2009 2:37am
Quoting Bull_Bear
Welcome to the short side Chris, this range is doing my head in.... Firm believer that 1.7000 is strong if she can't smash it on the 3rd attempt.

Hey BB. Yeah and I think we're in for another day of it at least. Ok by me though. Pulled a lot of pips out of her yesterday and intend to do the same today...

If she breaks (either way) Great! If not, Great!....

Everybody's looking for the mine entrance. I'm happy just panning the stream.
Ghost Rider - WWTBMD?
  • #155,164
  • Aug 5, 2009 2:42am Aug 5, 2009 2:42am
Quoting albchr
It was on the next 15M bar after the news but thanks Azim, I sure won't...

Looks like it may get stopped at BE anyway.
Okay. Just try to give it about half an hour after the data is released before getting in bro. You're trading full lots .. not funny money
Thank You
  • #155,165
  • Aug 5, 2009 2:48am Aug 5, 2009 2:48am
Quoting wormboy
Okay. Just try to give it about half an hour after the data is released before getting in bro. You're trading full lots .. not funny money
Actually, with the 15M I've been learning, I've reduced to 1/2 lots or less on every trade. Getting so many pips per day (on average) means I can risk less!!! You have no idea how happy (and more relaxed) that makes me....
Ghost Rider - WWTBMD?
  • #155,166
  • Aug 5, 2009 2:52am Aug 5, 2009 2:52am
Quoting albchr
Actually, with the 15M I've been learning, I've reduced to 1/2 lots or less on every trade. Getting so many pips per day (on average) means I can risk less!!! You have no idea how happy (and more relaxed) that makes me....
I do know how relaxed you feel actually. Great move on adjusting your position sizes. Step in the right direction
Thank You
  • #155,167
  • Aug 5, 2009 2:54am Aug 5, 2009 2:54am
Quoting albchr
Actually, with the 15M I've been learning, I've reduced to 1/2 lots or less on every trade. Getting so many pips per day (on average) means I can risk less!!! You have no idea how happy (and more relaxed) that makes me....
Funny about that ay Chris?..... Change in strategy is starting to bring some fruits.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #155,168
  • Aug 5, 2009 2:57am Aug 5, 2009 2:57am
Quoting wormboy
I do know how relaxed you feel actually. Great move on adjusting your position sizes. Step in the right direction

I don't know if you saw yesterday's results of practice on the 15M but.....

http://www.forexfactory.com/showpost...ostcount=20998

Just add another 45 pips to it as I took two more trades after this post. I'm doing the same practicing today and maybe even tommorow as well.
Ghost Rider - WWTBMD?
  • #155,169
  • Aug 5, 2009 2:58am Aug 5, 2009 2:58am
  •  JTfx1
  • | Joined Jul 2009 | Status: $ for nothing & your Fish for free | 3 Posts
Quoting Qu|cksilver
Hi,
Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?
I think its going to stall @ 1.7200 and passably reverse.
  • #155,170
  • Aug 5, 2009 2:59am Aug 5, 2009 2:59am
Quoting Bull_Bear
Funny about that ay Chris?..... Change in strategy is starting to bring some fruits.
Yeah, scope out the above post. I honestly think this is just what I need to both make ends meet and reduce my overall risk. Fingers crossed and working hard at learning.
Ghost Rider - WWTBMD?
  • #155,171
  • Aug 5, 2009 3:00am Aug 5, 2009 3:00am
Quoting albchr
I don't know if you saw yesterday's results of practice on the 15M but.....

http://www.forexfactory.com/showpost...ostcount=20998

Just add another 45 pips to it as I took two more trades after this post. I'm doing the same practicing today and maybe even tommorow as well.
Nice job bro. Now if you feel your current system suits your trading style, stay with it. Don't change it!
Thank You
  • #155,172
  • Aug 5, 2009 3:01am Aug 5, 2009 3:01am
Quoting JTfx1
I think its going to stall @ 1.7200 and passably reverse.
My friend, that was posted over 2 years ago.

Welcome to the factory
Thank You
  • #155,173
  • Aug 5, 2009 3:04am Aug 5, 2009 3:04am
Quoting albchr
First little trade about 5 hours ago I took a 10 pip hit on. Went long there thinking this would happen then...LOL

I always try to catch the bounce off serious S/R on big news spikes so I got in short at 6992. At BE now and looking for 6966/56 area maybe...
Just crossed the 66 area. Let's see if we can get the 56 out of her...he-he

Whoops, forgot, SL now at 50%
Ghost Rider - WWTBMD?
  • #155,174
  • Aug 5, 2009 3:12am Aug 5, 2009 3:12am
Quoting wormboy
Nice job bro. Now if you feel your current system suits your trading style, stay with it. Don't change it!
Thank you sir! I like it. A bit more screen watching but far less draw down and SL requirments and hey, being this in this chair of mine now 80% of my life, what the heck else I got to do.........
Ghost Rider - WWTBMD?
  • #155,175
  • Aug 5, 2009 3:32am Aug 5, 2009 3:32am
I think now the pair become familiar with 1.7000.

She is trying to build a friendship! Stay Tuned!
  • #155,176
  • Aug 5, 2009 3:35am Aug 5, 2009 3:35am
70% go to up
30% go to down
  • #155,177
  • Aug 5, 2009 3:38am Aug 5, 2009 3:38am
Current Price at 16997.

Strong attempt to break through here. I expect the movers to play a little game at this level. Push through above 170 area to collect Long orders, those Short within the last 2 days stopped out, then huge drop down to stop out longs.
  • #155,178
  • Aug 5, 2009 3:41am Aug 5, 2009 3:41am
Quoting direct-trade
Current Price at 16997.

Strong attempt to break through here. I expect the movers to play a little game at this level. Push through above 170 area to collect Long orders, those Short within the last 2 days stopped out, then huge drop down to stop out longs.
Nothing usual with that kind of PA in cable.... she can really do peoples head in, literally LOL
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #155,179
  • Aug 5, 2009 3:44am Aug 5, 2009 3:44am
Quoting Bull_Bear
Nothing usual with that kind of PA in cable.... she can really do peoples head in, literally LOL
.....just panning the stream....
Ghost Rider - WWTBMD?
  • #155,180
  • Aug 5, 2009 3:44am Aug 5, 2009 3:44am
Quoting Bull_Bear
Nothing usual with that kind of PA in cable.... she can really do peoples head in, literally LOL
Like now .
You've got to be IN IT to WIN IT!
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