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Cable Update (GBPUSD)

  • #170,561
  • Sep 29, 2009 9:59am Sep 29, 2009 9:59am
Quoting nAVIN2007
wow 18% that is fantastic!!

Im currently on 2.5 % however in on 7p a pip
Also buddy, for you it's all about taking profits and exits. I don't know if you saw this post of mine answering you a while back but...

http://www.forexfactory.com/showpost...stcount=169511
Ghost Rider - WWTBMD?
  • #170,562
  • Sep 29, 2009 10:00am Sep 29, 2009 10:00am
Quoting TauTrader
Good day to you,

Hehe, that's just the way I am...I am out of that ticket already. I know I should hold on, but I can not...

I will however look for another ticket soon, as I do expect going north for a bit during later hours and into tomorrow. ( Just a loud thought) - I posted a chart a bit earlier with some thoughts to substantiate my gutfeel.

But seriously - I aspire to one day trade longer trades, as I then free myself up. So much to learn from so many people here. I do not think we fully grasp how much excellent information we...
Thanx and to you and I agree - there is some very valuable info on this forum. I't great to get everybody's 5c worth.. Happy Trading to all
May the forex be with you |
  • #170,563
  • Sep 29, 2009 10:01am Sep 29, 2009 10:01am
What a tattyfilarious day missis - euro falling like a 300 lb nickerless Walmart shopper on a wet floor


cable to speed up to a decent descent shortly
  • #170,564
  • Sep 29, 2009 10:03am Sep 29, 2009 10:03am
Quoting Geppyg
Hi Buddy I sort of agree now.. Waiting for a spike but Something going on with the ES and Dj... I guess they are both waiting till Friday for NFP

I hope you are okay brov ...

Take care

Geppyg
I'm hanging in there Geppy. I was hoping for a spike too but might have missed it at 5960?? We shall see.
Ghost Rider - WWTBMD?
  • #170,565
  • Sep 29, 2009 10:06am Sep 29, 2009 10:06am
Quoting allserene
What a tattyfilarious day missis - euro falling like a 300 lb nickerless Walmart shopper on a wet floor
Good day to you, Sir

I thoroughly enjoyed that. Thank you...

Regards
  • #170,566
  • Sep 29, 2009 10:10am Sep 29, 2009 10:10am
Quoting allserene
What a tattyfilarious day missis - euro falling like a 300 lb nickerless Walmart shopper on a wet floor


cable to speed up to a decent descent shortly

will u pls, tell me what u think about the doller
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  • #170,567
  • Sep 29, 2009 10:17am Sep 29, 2009 10:17am
Quoting kill
will u pls, tell me what u think about the doller

Man I've given up trying to figure the dollar. It's more unstable than a one legged man in an ass kicking contest...
Ghost Rider - WWTBMD?
  • #170,568
  • Sep 29, 2009 10:17am Sep 29, 2009 10:17am
Outlook on the gbplfx since yesterday:

1. http://www.forexfactory.com/showpost...postcount=9181
2. http://www.forexfactory.com/showpost...postcount=9185

Some things had developed nicely for sterling. Still buying
Thank You
  • #170,569
  • Sep 29, 2009 10:20am Sep 29, 2009 10:20am
Quoting albchr
Man I've given up trying to figure the dollar. It's more unstable than a one legged man in an ass kicking contest...
the dow is moving the doller up and down on a rob keep it jumping
  • #170,570
  • Sep 29, 2009 10:21am Sep 29, 2009 10:21am
Will she break?
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Ghost Rider - WWTBMD?
  • #170,571
  • Sep 29, 2009 10:23am Sep 29, 2009 10:23am
等跌
  • #170,572
  • Sep 29, 2009 10:24am Sep 29, 2009 10:24am
Quoting wormboy
Outlook on the gbplfx since yesterday:

1. http://www.forexfactory.com/showpost...postcount=9181
2. http://www.forexfactory.com/showpost...postcount=9185

Some things had developed nicely for sterling. Still buying
Me too at this point bro. Just need a better price to get in though. Thinking 5880/50 would be nice.
Ghost Rider - WWTBMD?
  • #170,573
  • Sep 29, 2009 10:24am Sep 29, 2009 10:24am
Quoting wormboy
Outlook on the gbplfx since yesterday:

1. http://www.forexfactory.com/showpost...postcount=9181
2. http://www.forexfactory.com/showpost...postcount=9185

Some things had developed nicely for sterling. Still buying

if we dont go throug 15810 we still up according to daily look at this bro
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  • #170,574
  • Sep 29, 2009 10:26am Sep 29, 2009 10:26am
Quoting albchr
Will she break?
Do not know. I am buying more here....

Well, I will do the following if it does break...
Attached Image
  • #170,575
  • Sep 29, 2009 10:28am Sep 29, 2009 10:28am
Quoting albchr
Also buddy, for you it's all about taking profits and exits. I don't know if you saw this post of mine answering you a while back but...

http://www.forexfactory.com/showpost...stcount=169511
my style of trading is quite different. i found first time round trading i exit to quick...then watched it run! when i trade now i make sure b4 i pull the triger that i know my risk after that point, the profit to me means nothing it just my target, i have conditioned myself to think like this

i think u have no issues with your trading, u just need to develop as time moves on, technically u know yur sh*t!!

look for patterns and trade the bounces, i just gained another 8 pips on a bounce of a line

Quoting albchr
Man I've given up trying to figure the dollar. It's more unstable than a one legged man in an ass kicking contest...
100% agree dollar index did my nut in today..i have stopped looking it .....was costing money
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  • #170,576
  • Sep 29, 2009 10:28am Sep 29, 2009 10:28am
Quoting TauTrader
Do not know. I am buying more here....

Well, I will do the following if it does break...
Make that Vodka and I'll join you....
Ghost Rider - WWTBMD?
  • #170,577
  • Sep 29, 2009 10:30am Sep 29, 2009 10:30am
yeah I took a vengeance play on the euro dollar last night with a short and it paid off

Its not over yet

The DOW is down 40 points and we wont see a serious puncture of the dollar until the DOW sickens properly

Risk reward on shares doesn't look good to me - yes we can go to 10k on the DOW but thats only a couple of percent up and then everybody gets all dithery about the round number

On the downside, 9300 or 9k looks quite possible- thats a 7% drop so I am risking a 7% drop to get a 1.5 or 2% rise at which point it dithers ?

So I have a mound of cash waiting for a pullback from 10k on the DOW and I don't mind missing 1 or 2 % rise from here

Euro looks high if that scenario plays out so I am more into shorts than longs.

Cable usually reconnects with euro when the flight to safety sets in

Thats the sort of framework I am working on - that doesn't mean I cant do longs , but it does mean that I have a bias to shorts


Any thoughts on that sort of set up ?
  • #170,578
  • Sep 29, 2009 10:30am Sep 29, 2009 10:30am
Quoting albchr
Me too at this point bro. Just need a better price to get in though. Thinking 5880/50 would be nice.
Okay bro. But are you planning to hold the trade? Or you're looking to scalp?
Thank You
  • #170,579
  • Sep 29, 2009 10:31am Sep 29, 2009 10:31am
Quoting nAVIN2007
my style of trading is quite different. i found first time round trading i exit to quick...then watched it run! when i trade now i make sure b4 i pull the triger that i know my risk after that point, the profit to me means nothing it just my target, i have conditioned myself to think like this

i think u have no issues with your trading, u just need to develop as time moves on, technically u know yur sh*t!!

look for patterns and trade the bounces, i just gained another 8 pips on a bounce of a line
Very true buddy. I'd rather bank 50 or 100 and watch it run another 100 then be 200 in and then watch it all fade away again.

Ghost Rider - WWTBMD?
  • #170,580
  • Sep 29, 2009 10:33am Sep 29, 2009 10:33am
Quoting kill
if we dont go throug 15810 we still up according to daily look at this bro
I agree.
The rising ltl on my H1 that I've been trading from on this rise has a higher treshold value before I short again tbh. As of now it's a close below 5875 it's higher short probability. But 5810 would do just fine methinks.
Have a good one bro
Thank You
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