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Cable Update (GBPUSD)

  • #173,001
  • Oct 5, 2009 6:56am Oct 5, 2009 6:56am
Quoting nAVIN2007
4hr need to say down, might bounce certainly 1hr looking a bit bullish unfortantely, but if this 4hr can remain bearish we got a fight on our hands....hang tight!
I should have stuck to my typical trade both ways approach. This "hanging on" for a move one way or the other over a longer time has cost about 238 pips in potential gains and 123 pip banked loss this morning.

Nope, longer term trades are for folks with big accounts, large stops, nothing but time and no real need for a monthly income. Waiting around for 8 hours to make 30 bucks just ain't cutting it for me.

Lesson learned, moving on....
Ghost Rider - WWTBMD?
  • #173,002
  • Oct 5, 2009 6:59am Oct 5, 2009 6:59am
Entered Long @ 1.5928
Exited position at 1.5948 +20 pips
Not as much as I would have liked, but have to leave for work
  • #173,003
  • Oct 5, 2009 7:02am Oct 5, 2009 7:02am
Just moved my stop to BE +10 on the 5988 short. No doubt it will get hit but at least I'll make something from it instead of taking another possible loss.

Frustrating day.
Ghost Rider - WWTBMD?
  • #173,004
  • Oct 5, 2009 7:06am Oct 5, 2009 7:06am
It's beem bouncing on daily tl "us index"
Attached Image (click to enlarge)
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  • #173,005
  • Oct 5, 2009 7:07am Oct 5, 2009 7:07am
man the bi;;;;;h is dancing up and down she wanna be f;;;d from both ends
  • #173,006
  • Oct 5, 2009 7:08am Oct 5, 2009 7:08am
Quoting albchr
Just moved my stop to BE +10 on the 5988 short. No doubt it will get hit but at least I'll make something from it instead of taking another possible loss.

Frustrating day.

reversal in progress....
Attached Image (click to enlarge)
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  • #173,007
  • Oct 5, 2009 7:21am Oct 5, 2009 7:21am
Quoting albchr
I should have stuck to my typical trade both ways approach. This "hanging on" for a move one way or the other over a longer time has cost about 238 pips in potential gains and 123 pip banked loss this morning.

Nope, longer term trades are for folks with big accounts, large stops, nothing but time and no real need for a monthly income. Waiting around for 8 hours to make 30 bucks just ain't cutting it for me.

Lesson learned, moving on....
your still short hey bro?
  • #173,008
  • Oct 5, 2009 7:27am Oct 5, 2009 7:27am
Quoting Geppyg
Here is my mid day thought...
We now see a test of 1.9025 pre newyork sessionand which brings the buyers back in and we go to test 1.6000 but only this time round we attempt a break out ..
This one worked out well took my long at 27 and came out at 52...
Moved my stop to break even could not resist to take my profit as I dont trust cable....right now...

Nearly back to break even ...from last week..just another 200 pips left for overall break even and this will put me in a strong position overall..

To be honest.....My trading has become weak since the month of august due to my swing trading...hit out at be on a number of occasions so now...
30-40 pip trades has to be the way..
Made some nice pips on the aussie...but will stick back to cable..

200 pips target 4 days to go can Friday be the D-Day for me
Let Price determine your future!
  • #173,009
  • Oct 5, 2009 7:29am Oct 5, 2009 7:29am
Quoting albchr

Nope, longer term trades are for folks with big accounts, large stops, nothing but time and no real need for a monthly income. Waiting around for 8 hours to make 30 bucks just ain't cutting it for me.
you forgot to mention, folks who are really patient.
Thank You
  • #173,010
  • Oct 5, 2009 7:29am Oct 5, 2009 7:29am
possibilities will tank one way ticket to south as well 1.5720 zone if this power reverse fail and stuck here. gimme new sign for Bored Monday
  • #173,011
  • Oct 5, 2009 7:29am Oct 5, 2009 7:29am
Quoting wormboy
you forgot to mention, folks who are really patient.
lol...
  • #173,012
  • Oct 5, 2009 7:30am Oct 5, 2009 7:30am
Quoting Piters
lol...


how's it going playa
Thank You
  • #173,013
  • Oct 5, 2009 7:33am Oct 5, 2009 7:33am
Quoting wormboy
you forgot to mention, folks who are really patient.
where u been mate? Thought I came on the scene late today....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #173,014
  • Oct 5, 2009 7:33am Oct 5, 2009 7:33am
Quoting wormboy


how's it going playa
Great.. closed all.. ..[FLAT]..

posted earlier.. consolidation, and wedge on both GU, GY [4h] in Down trend..

GU stuck between 1h channel and 50ema[4h] ... Breakout is here.. we need some patience..
  • #173,015
  • Oct 5, 2009 7:35am Oct 5, 2009 7:35am
Quoting Bull_Bear
where u been mate? Thought I came on the scene late today....
Hi bb, had a busy day at the office today. Didn't have much time to monitor the trades & posting. Just about done for now, & I can get some screentime to see how my trades are doing.
How are your trades coming bro?
Thank You
  • #173,016
  • Oct 5, 2009 7:37am Oct 5, 2009 7:37am
Quoting Piters
Great.. closed all.. ..[FLAT]..

posted earlier.. consolidation, and wedge on both GU, GY [4h] in Down trend..

GU stuck between 1h channel and 50ema[4h] ... Breakout is here.. we need some patience..

your right the mofo is stuck!!
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 30 KB
  • #173,017
  • Oct 5, 2009 7:38am Oct 5, 2009 7:38am
Quoting Piters
Great.. closed all.. ..[FLAT]..

posted earlier.. consolidation, and wedge on both GU, GY [4h] in Down trend..

GU stuck between 1h channel and 50ema[4h] ... Breakout is here.. we need some patience..
Great going bro.
Don't really know the emas, but I think we're in the same predicament. H4 shows bearish counterattack line but the H1 had that little nugget (hammer) in the way. Bugger lol.
Patience is definitely paramount
Thank You
  • #173,018
  • Oct 5, 2009 7:38am Oct 5, 2009 7:38am
Quoting wormboy
Hi bb, had a busy day at the office today. Didn't have much time to monitor the trades & posting. Just about done for now, & I can get some screentime to see how my trades are doing.
How are your trades coming bro?

yo wormie
Im with u on the southside
  • #173,019
  • Oct 5, 2009 7:39am Oct 5, 2009 7:39am
Quoting nAVIN2007
yo wormie
Nav hows it going bro
we both cowboys, ride south towards the sunset
Thank You
  • #173,020
  • Oct 5, 2009 7:43am Oct 5, 2009 7:43am
Quoting wormboy
Nav hows it going bro
im good bro, been watching this thing i think the direction is down..we just need some good US news to make dollar index tough like a mother!

1.53 we on it!!!!
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