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Cable Update (GBPUSD)

  • #214,021
  • Apr 7, 2010 10:51am Apr 7, 2010 10:51am
Quoting wormboy
5085 is also below dp. come on mate tell us where you put it so we can come after you
5211, now stay away wormy, I'm warning you!!!
@pawpaw1000 on Twitter
  • #214,022
  • Apr 7, 2010 10:53am Apr 7, 2010 10:53am
Quoting cloggie
Ah of course your infamous end of london trade that is going to give back all your profits for the day.....

Gambling without a solid close above the DP? But then again with your luck it may work out anyways, no matter what is in the way. Typical rugby player, a bull in a china shop....
an honest man not a good trade by the books paw, was tempted but im staying clear
  • #214,023
  • Apr 7, 2010 10:53am Apr 7, 2010 10:53am
I think I'll leave it until tonight, seems to be a lot going on of late from 6pm-midnight.

Might be able to re-enter my shorts and recoup some losses. Stand by for the price to rocket!

Seems like a few people stagger trades, e.g. short at 15190, 15215, 15230, does anyone do this with any success? Less of a loss if it it bounces I suppose, etc.
Back to basics, it has to be for me!
  • #214,024
  • Apr 7, 2010 10:55am Apr 7, 2010 10:55am
Just remembered my 1h channel and am worried...

remember bb???

Closed... was angry this morning that I didnt stick to my analyses and now I'm gonna stick...

TOTALLY forgot the 1h cannel, will post now...

made 6 pips
@pawpaw1000 on Twitter
  • #214,025
  • Apr 7, 2010 10:56am Apr 7, 2010 10:56am
Quoting pawpaw1000
5211, now stay away wormy, I'm warning you!!!
5211 ... check.


Be right with ya
Thank You
  • #214,026
  • Apr 7, 2010 10:57am Apr 7, 2010 10:57am
Quoting sophiaphia
mule is ready and packed to walk to a TP 1.5370 today. however any retrace 1.515 is area to reconsider the mule may have changed it's mind.
so far so good :| over .5250
~the best trades are the boring trades, it is taking a while, but considering it moved from a low of .5146 it is not too bad of a trade!
----- Dragonfly out in the sun you know what I mean, don't you know
  • #214,027
  • Apr 7, 2010 11:00am Apr 7, 2010 11:00am
Quoting pawpaw1000
Just remembered my 1h channel and am worried...

remember bb???

Closed... was angry this morning that I didnt stick to my analyses and now I'm gonna stick...

TOTALLY forgot the 1h cannel, will post now...

made 6 pips
The 1 hr channel has now turned into a triangle and yes we are near the top, but I thought 80 was a good target!. Anyway, back to my work.... shed loads on at the moment, customer's problems coming in thick and fast!
  • #214,028
  • Apr 7, 2010 11:04am Apr 7, 2010 11:04am
aaasss
Attached Image (click to enlarge)
Click to Enlarge Name: asdf.jpg Size: 113 KB
@pawpaw1000 on Twitter
  • #214,029
  • Apr 7, 2010 11:05am Apr 7, 2010 11:05am
Quoting cableboy
This b!"*h is going down.
entered my short at 273. tp TBA
i entered a tight short at 520 as i feel this channel is stil in play. see earlier chart
  • #214,030
  • Apr 7, 2010 11:06am Apr 7, 2010 11:06am
Quoting BadTradingFi
I think I'll leave it until tonight, seems to be a lot going on of late from 6pm-midnight.

Might be able to re-enter my shorts and recoup some losses. Stand by for the price to rocket!

Seems like a few people stagger trades, e.g. short at 15190, 15215, 15230, does anyone do this with any success? Less of a loss if it it bounces I suppose, etc.
I sort of follow that strategy, but not every 25 pips that's madness.

I wait for daily movement between high low to hit 100-125 pips, then I take additional shorts / longs depending on direction every 50 or so pips.

It's not an exact science as to when I enter or exit and I have a bail out strategy in place in case there is a run on any of the currencies I am trading.

It's not a strategy for the feint hearted and I would suggest small lots with decent pool of funds to mop up any runs on the trades.
  • #214,031
  • Apr 7, 2010 11:06am Apr 7, 2010 11:06am
Quoting cableboy
i entered a tight short at 520 as i feel this channel is stil in play. see earlier chart
http://www.forexfactory.com/showthre...378&page=14240
  • #214,032
  • Apr 7, 2010 11:11am Apr 7, 2010 11:11am
Quoting pawpaw1000
aaasss
I have added the line that I described earlier with regards to the triangle

Attached Image (click to enlarge)
Click to Enlarge Name: asdf.jpg Size: 198 KB
  • #214,033
  • Apr 7, 2010 11:19am Apr 7, 2010 11:19am
Quoting cableboy
i entered a tight short at 520 as i feel this channel is stil in play. see earlier chart
where'd you enter cb?
@pawpaw1000 on Twitter
  • #214,034
  • Apr 7, 2010 11:20am Apr 7, 2010 11:20am
Quoting bbakker
I have added the line that I described earlier with regards to the triangle

Attachment
Thanks cloggs, that looks ominous!!!

EDIT: Sorry, BB!!!
@pawpaw1000 on Twitter
  • #214,035
  • Apr 7, 2010 11:28am Apr 7, 2010 11:28am
Quoting pawpaw1000
where'd you enter cb?
sorry bro i meant 5250
  • #214,036
  • Apr 7, 2010 11:34am Apr 7, 2010 11:34am
Quoting cableboy
sorry bro i meant 5250
looking to close below my MA's then I'll also short...

I'm putting my s/l above 80 though as last time there was a spike, although it seems that was for london open...

EDIT: i entered short at 38 with t/p at 5150... s/l at 65...
@pawpaw1000 on Twitter
  • #214,037
  • Apr 7, 2010 11:49am Apr 7, 2010 11:49am
Quoting pawpaw1000
looking to close below my MA's then I'll also short...

I'm putting my s/l above 80 though as last time there was a spike, although it seems that was for london open...

EDIT: i entered short at 38 with t/p at 5150... s/l at 65...
moved mine to b/e, aware that 5 min could have a kick back up off the 20 ma. got around 15 pip profit so far.
  • #214,038
  • Apr 7, 2010 11:53am Apr 7, 2010 11:53am
its nice to get these tight shorts locked in an see if they can run. potentially theres some huge profits from minimal risk. good luvk pawpaw im going for a eal with one of your fellow south Africans. I myself am a zimbabwean but lived in pretoria and the cape for about 4 years. am now 11 years in the u.k. good luck with your degree i finished mine last year did economics.
cheers bro
  • #214,039
  • Apr 7, 2010 11:54am Apr 7, 2010 11:54am
Quoting cableboy
moved mine to b/e, aware that 5 min could have a kick back up off the 20 ma. got around 15 pip profit so far.
nah, I'm looking to leave over night... reckon we dont have enough to break the channel but we could meander down slowly over the next couple of hours...

Risking 2% for 8%, not bad
@pawpaw1000 on Twitter
  • #214,040
  • Apr 7, 2010 11:56am Apr 7, 2010 11:56am
Quoting cableboy
its nice to get these tight shorts locked in an see if they can run. potentially theres some huge profits from minimal risk. good luvk pawpaw im going for a eal with one of your fellow south Africans. I myself am a zimbabwean but lived in pretoria and the cape for about 4 years. am now 11 years in the u.k. good luck with your degree i finished mine last year did economics.
cheers bro
GREAT!!! looks like we have alot in common mate!

Dunno how long SA gonna keep going, I give it until 2013 seeing as the plan is to nationalise the mines in 2012.

GOOD FOR GOLD IF ANYONE WISHES SOME TRADING INFO...

EDIT: Anyone have any meaning for the 1h candle that just closed? Bull bear or skew?
@pawpaw1000 on Twitter
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