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Cable Update (GBPUSD)

  • #217,441
  • Apr 14, 2010 10:49am Apr 14, 2010 10:49am
Quoting bbakker
I second that!

????
we still have 20-30pips lost from cable where god knows
  • #217,442
  • Apr 14, 2010 10:53am Apr 14, 2010 10:53am
Quoting Cowboy11
Short 5485
Don't fight the trend man.. you might want to consider long after the breakout (after daily candle closed) at about the same price.. Just my 2 cents.
  • #217,443
  • Apr 14, 2010 10:54am Apr 14, 2010 10:54am
Like Cloggie, tiny short @15485 SL @15505 TP @15450ish
  • #217,444
  • Apr 14, 2010 10:56am Apr 14, 2010 10:56am
Thx 4 advice USD, if both lose, it would still be within 2% risk.
Learnt that MM rules everything.
  • #217,445
  • Apr 14, 2010 10:56am Apr 14, 2010 10:56am
Quoting cloggie
Short 54735 retrace trade. Picking tops.

hello sir..
what is your SL sir..
Revesal Trader
  • #217,446
  • Apr 14, 2010 10:56am Apr 14, 2010 10:56am
Quoting bbakker
Like Cloggie, tiny short @15485 SL @15505 TP @15450ish
sl @ 510
  • #217,447
  • Apr 14, 2010 10:56am Apr 14, 2010 10:56am
Quoting willo
hey wormie, ur a guy in the know, can you offer any advice, b much appreciated.
regarding the stop?
Thank You
  • #217,448
  • Apr 14, 2010 10:57am Apr 14, 2010 10:57am
Quoting bbakker
Like Cloggie, tiny short @15485 SL @15505 TP @15450ish

i pollow sir
Revesal Trader
  • #217,449
  • Apr 14, 2010 10:59am Apr 14, 2010 10:59am
Quoting bbakker
Like Cloggie, tiny short @15485 SL @15505 TP @15450ish
I think I'll just ride my long up to your SL
******************* I'd rather make money than be right.
  • #217,450
  • Apr 14, 2010 11:00am Apr 14, 2010 11:00am
Quoting bbakker
Like Cloggie, tiny short @15485 SL @15505 TP @15450ish

Mine is purely based on probabilities, we are up 120 from the open and we are at the high of the 12th. I took mine a bit too early and am carrying a few pips in the red right now. It is a valid set up as we have seen no close above.
  • #217,451
  • Apr 14, 2010 11:01am Apr 14, 2010 11:01am
hi wormie,

yeh, u can see set a hedge north and south, but with my stops, in ur opinion are they set too tight.

Keeping MM in mind, total rsik is within 2% if both got spiked out.

Ur opinion be appreciated.
  • #217,452
  • Apr 14, 2010 11:02am Apr 14, 2010 11:02am
Quoting cloggie
Mine is purely based on probabilities, we are up 120 from the open and we are at the high of the 12th. I took mine a bit too early and am carrying a few pips in the red right now. It is a valid set up as we have seen no close above.
well.. not yet..
  • #217,453
  • Apr 14, 2010 11:03am Apr 14, 2010 11:03am
remember warren buffet

when the market gets greedy i get nervous

when the market gets nervous i get greedy


The market is greedy right now....

My City Group shares (stocks) are just plain scary greedy

Trying a short now with s/l at 5495
  • #217,454
  • Apr 14, 2010 11:03am Apr 14, 2010 11:03am
Quoting mygoldenpips
i pollow sir
This is a tiny amount as we are trying to catch knives and I am hoping it will retrace a bit after today's rise, so please take care.

Thank you.
  • #217,455
  • Apr 14, 2010 11:04am Apr 14, 2010 11:04am
Quoting A-speculator
well.. not yet..

But have a look at eg, that bounced of the LTL on M30.
  • #217,456
  • Apr 14, 2010 11:08am Apr 14, 2010 11:08am
Quoting 4xStar
I think I'll just ride my long up to your SL
I think the bulls are exhausted, but like Cloggie said there is no method to my madness

It is a teenie weenie amount, so please be my guest

EU has stalled at a trendline of mine, where I did make some nice pips, but hey who knows. All I know is that we are going North and once I get back home I will be looking at my charts to enter long again!
  • #217,457
  • Apr 14, 2010 11:09am Apr 14, 2010 11:09am
Quoting willo
hi wormie,

yeh, u can see set a hedge north and south, but with my stops, in ur opinion are they set too tight.

Keeping MM in mind, total rsik is within 2% if both got spiked out.

Ur opinion be appreciated.
Don't need to hedge imho.
Just trade the breakout. If it's a fake, just reverse your trade. Better risk reward.
Current breakout is north. Chart below had been lowered down to minute details. No need to guess, when the breakout is up - buy, else reverse

Recommended stop is @5450. Trade at your own risk. Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: gum5.gif Size: 24 KB
Thank You
  • #217,458
  • Apr 14, 2010 11:09am Apr 14, 2010 11:09am
Quoting kill56
sl @ 510
Why there? I am missing my MT4 at work!
  • #217,459
  • Apr 14, 2010 11:13am Apr 14, 2010 11:13am
Quoting cloggie
But have a look at eg, that bounced of the LTL on M30.
This is my take on EG, look at daily, we are actually retrace to 50 fibo, now 4hr tells me that there are confluence of fibo at 0.8840. Unless the price can closed above it, then EG will move up. Take note of the inverted boob pattern , if the price breaks the neckline, I don't think EG will move up
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart.gif Size: 32 KB
Click to Enlarge Name: chart1.gif Size: 30 KB
  • #217,460
  • Apr 14, 2010 11:13am Apr 14, 2010 11:13am
Quoting bbakker
Why there? I am missing my MT4 at work!

my zulu is at 15503 it might kiss it and retrace from there i might be wrong
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