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Cable Update (GBPUSD)

  • #213,321
  • Apr 6, 2010 6:12am Apr 6, 2010 6:12am
Quoting bbakker
My 1st runner was cashed in a little earlier than I would have liked, but still a 58 pip profit and my trade this morning is now profitable. I have moved the SL on my 2nd and 3rd runner into BE @15230. These are long-term plays and if it goes back north, then oh well, I still made my money on this particular play.

I also closed half of my position on fibre for a 20 pip profit and moved the SL on the other half to BE. I'm focusing more in cable for the moment.

I will no doubt be opening a new position tomorrow morning early!

It will be interesting...
My question is tough, why not cash in at 513, take your 100 pips off the table and see where to enter next, why let the market take away your profit? We are heading for 52389, I don't see the point in giving money back.

Take your 100 pips and reenter at a discount for another 100, rinse and repeat.
  • #213,322
  • Apr 6, 2010 6:12am Apr 6, 2010 6:12am
1.5187 again !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #213,323
  • Apr 6, 2010 6:14am Apr 6, 2010 6:14am
Quoting Bebetomuda
it just bounce maybe to 1.5200... but it will go down later to at least 1.5052...
Using today's H/L, the 50% fib retrace would be ~15219, just shy of my BE
  • #213,324
  • Apr 6, 2010 6:15am Apr 6, 2010 6:15am
Quoting cloggie
My question is tough, why not cash in at 513, take your 100 pips off the table and see where to enter next, why let the market take away your profit? We are heading for 52389, I don't see the point in giving money back.

Take your 100 pips and reenter at a discount for another 100, rinse and repeat.
that said, I wasnt expecting this retrace and thought we would reach 5100 1st and then maybe retrace as I said earlier...
@pawpaw1000 on Twitter
  • #213,325
  • Apr 6, 2010 6:16am Apr 6, 2010 6:16am
Quoting cloggie
My question is tough, why not cash in at 513, take your 100 pips off the table and see where to enter next, why let the market take away your profit? We are heading for 52389, I don't see the point in giving money back.

Take your 100 pips and reenter at a discount for another 100, rinse and repeat.

that is the advice for day if she gives u a gift why in hell through it a way cash it in then ask her for more
  • #213,326
  • Apr 6, 2010 6:17am Apr 6, 2010 6:17am
Quoting kill56
that is the advice for day if she gives u a gift why in hell through it a way
because we were expecting a diamond, not a ruby!!!
@pawpaw1000 on Twitter
  • #213,327
  • Apr 6, 2010 6:18am Apr 6, 2010 6:18am
Quoting pawpaw1000
that said, I wasnt expecting this retrace and thought we would reach 5100 1st and then maybe retrace as I said earlier...

Look at your 25ma on M5 and M15, why be stubborn? A 100 pips is a 100 pips, find em 2-3 times a day and retire.
  • #213,328
  • Apr 6, 2010 6:18am Apr 6, 2010 6:18am
the 4hr chart below shows that prev 4hr (minor) swing hi = prev res=potential rbs with the 4hr ascending channel bottom...strongbounce of the area so far....

G/L
Attached Image
ex member
  • #213,329
  • Apr 6, 2010 6:18am Apr 6, 2010 6:18am
Quoting pawpaw1000
because we were expecting a diamond, not a ruby!!!
how about an emerald!
  • #213,330
  • Apr 6, 2010 6:18am Apr 6, 2010 6:18am
Please do not cut trees, we need them

http://img62.imageshack.us/img62/1206/treesf.jpg
  • #213,331
  • Apr 6, 2010 6:18am Apr 6, 2010 6:18am
Hmm...

Let's see if it is going to works now.

M15 Chart
http://i39.tinypic.com/ouz2xk.jpg

H1 Chart
http://i43.tinypic.com/2nuod9x.jpg

Still targeting 1.5100, although, it shows it can goes down to 1.5080..
Hee hee... Just want to get my orginal target which I miss out.
Smile Chankl78
  • #213,332
  • Apr 6, 2010 6:19am Apr 6, 2010 6:19am
Quoting pawpaw1000
because we were expecting a diamond, not a ruby!!!

Look at it this way, I find 10-20 ruby's a week and f@ck the diamond that comes around once in a blue moon.
  • #213,333
  • Apr 6, 2010 6:19am Apr 6, 2010 6:19am
Quoting cloggie
My question is tough, why not cash in at 513, take your 100 pips off the table and see where to enter next, why let the market take away your profit? We are heading for 52389, I don't see the point in giving money back.

Take your 100 pips and reenter at a discount for another 100, rinse and repeat.
I hear you, but at this stage of my forex trading/training, I do not possess the skill and confidence to fully understand the movements and directions of this market, which can only be acquired through years of experience. Therefore, I am going to stick with my 3 little runners theory for a while to see how this works out and whether this can be a successful way of trading long-term.
  • #213,334
  • Apr 6, 2010 6:19am Apr 6, 2010 6:19am
Quoting pawpaw1000
because we were expecting a diamond, not a ruby!!!
zig zag the b;;;;;;;;;;;;;;;;;;;;h she loves it
  • #213,335
  • Apr 6, 2010 6:20am Apr 6, 2010 6:20am
Quoting bbakker
Using today's H/L, the 50% fib retrace would be ~15219, just shy of my BE
5244 > 512x then we are at the 50% fib right now...

the asian move retraced to 61.8 fibo
@pawpaw1000 on Twitter
  • #213,336
  • Apr 6, 2010 6:20am Apr 6, 2010 6:20am
Lets take a small sell....

1.5186... SL.. 1.5230 TP.. 1.5120
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #213,337
  • Apr 6, 2010 6:22am Apr 6, 2010 6:22am
Quoting cloggie
Look at your 25ma on M5 and M15, why be stubborn? A 100 pips is a 100 pips, find em 2-3 times a day and retire.
well, finding them once every 2 days would be great thanks! and LOL at your ruby statement!!

gotya...

What do you think bout my fibo theory?
@pawpaw1000 on Twitter
  • #213,338
  • Apr 6, 2010 6:24am Apr 6, 2010 6:24am
Quoting bbakker
I hear you, but at this stage of my forex trading/training, I do not possess the skill and confidence to fully understand the movements and directions of this market, which can only be acquired through years of experience. Therefore, I am going to stick with my 3 little runners theory for a while to see how this works out and whether this can be a successful way of trading long-term.

You are up a 100 pips, put your SL at BE and watch it all flush down the drain, have a peak at M5,15,30 and H1, you cannot get more confirmation of a retrace then that, we just closed back above 518 on the M15, it took a week to get below it last time.

Once PA broke above the support at 5158 at the latest you should have safeguarded your profits.

I just don't get the reason for pissing away 100 pips so you can prove a point. Do that on demo and guard your profits tightly on your live account.
  • #213,339
  • Apr 6, 2010 6:25am Apr 6, 2010 6:25am
Quoting pawpaw1000
5244 > 512x then we are at the 50% fib right now...

the asian move retraced to 61.8 fibo
Oh! I am using the high at 00:15 @15308, but I'm no expert with the fibs yet.

Are you able to post a chart that show your fib calculations. Cheers matey.
  • #213,340
  • Apr 6, 2010 6:27am Apr 6, 2010 6:27am
HAHAHA...

think it works. For old regaitian, use print screen and then paste to paint
Attached Image (click to enlarge)
Click to Enlarge Name: TEST LALALALA.jpg Size: 137 KB
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