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Cable Update (GBPUSD)

  • #219,341
  • Apr 19, 2010 11:04am Apr 19, 2010 11:04am
Quoting pawpaw1000
will add below there just upto 15200 and then scale out again to my current lot size... you in kill??? or you hitting and running again???

i hit and run but i keep one for the road
  • #219,342
  • Apr 19, 2010 11:05am Apr 19, 2010 11:05am
Quoting free4440273
I'm done guys -- shorted the Dow too! Catch u later cable!

Take care all!

best of luck
  • #219,343
  • Apr 19, 2010 11:05am Apr 19, 2010 11:05am
I think we get 4h closed > high of the doji.. Still holding my long. To be continued tomorrow i guess..
  • #219,344
  • Apr 19, 2010 11:06am Apr 19, 2010 11:06am
Quoting pawpaw1000
Nice greens but gotta let them run. if it breaks 60 I wouldve closed half my position and moved my stop to just above 60... if 5200 is reached, close all???
waiting for the same. I think 200 is too far, may be by the end of asian session 220 ... Yes possible.
  • #219,345
  • Apr 19, 2010 11:07am Apr 19, 2010 11:07am
Quoting pawpaw1000
well, I'm into letting my trades ride, I think it is very important as if you dont, even a 90% win ratio could still lose you money as you cut your wins short but let your losses run to s/l...

I'd say choose the next resistance level and let it run to there, see how PA reacts and make a decision... Like now, 4h looks great for short and we should see 5200 at least IF we break the 60 level here...

Nice greens but gotta let them run. if it breaks 60 I wouldve closed half my position and moved my stop to just above 60... if 5200 is reached, close...
Hmm, yeah you're right, and that's where I sometimes fall down. Just hate seeing a gain disappear. Waiting for a little bounce above 270 now to re-enter
  • #219,346
  • Apr 19, 2010 11:09am Apr 19, 2010 11:09am
Quoting A-speculator
I think we get 4h closed > high of the doji.. Still holding my long. To be continued tomorrow i guess..
The current 4h shows bull rejection with that long pin..imo
one more hour left to close .. we will see

$EURUSD seeing relatively sharp moves in past few minutes as ECB's Weber said to tell German lawmakers Greece may need more aid. GU also going down together and Dixy kickin a$$
  • #219,347
  • Apr 19, 2010 11:12am Apr 19, 2010 11:12am
read with me



1 of 1
CABLE: Has ebbed to $1.5275 area for current trade after seeing

mid-morning highs around $1.5320 area the pair lifting through earlier

noted supply clustered in the zone above $1.5300. Flows modest here as

well even as cable puts the hammer to shorts set overnight in the wake

of opinion polls that reignited the prospects of a hung Parliament in

the May 6 General election. Further offers eyed at $1.5335.
4/19/2010 11:49:26 AM



CABLE

Has ebbed to $1.5275 area for current trade...
  • #219,348
  • Apr 19, 2010 11:16am Apr 19, 2010 11:16am
Quoting Honored
The current 4h shows bull rejection with that long pin..imo
one more hour left to close .. we will see
You're right about that, anyway we managed to closed above the high, I think that enough to say bull is still there.. anyway, a few pips above the high is a valid entry for long, but currently I have no attention to add to my position, as I currently only have ~+65pips (was pending @ 5200; filled @ 51965), but if I have no position I will trigger that entry. At this time like this, I think we will get no where, maybe you can scalp here and there..
  • #219,349
  • Apr 19, 2010 11:17am Apr 19, 2010 11:17am
Quoting Honored
The current 4h shows bull rejection with that long pin..imo
one more hour left to close .. we will see
You're right about that, anyway we managed to closed above the high, I think that enough to say bull is still there.. anyway, a few pips above the high is a valid entry for long, but currently I have no intention to add to my position, as I currently only have ~+65pips (was pending @ 5200; filled @ 51965), but if I have no position I will trigger that entry. At this time like this, I think we will get no where, maybe you can scalp here and there..
  • #219,350
  • Apr 19, 2010 11:17am Apr 19, 2010 11:17am
Quoting A-speculator
You're right about that, anyway we managed to closed above the high, I think that enough to say bull is still there.. anyway, a few pips above the high is a valid entry for long, but currently I have no attention to add to my position, as I currently only have ~+65pips (was pending @ 5200; filled @ 51965), but if I have no position I will trigger that entry. At this time like this, I think we will get no where, maybe you can scalp here and there..
5335 is very likely today as kill said. i have read the same on some other website. that wud be the TP for longs
  • #219,351
  • Apr 19, 2010 11:18am Apr 19, 2010 11:18am
Quoting The Magician
Hmm, yeah you're right, and that's where I sometimes fall down. Just hate seeing a gain disappear. Waiting for a little bounce above 270 now to re-enter
It also depends on what type of trading you do. There are long-term traders who will have a large SL and may have a position open for weeks or even months. Soros is a long-term trader. At the other end of the spectrum you have scalpers, who have a much tighter SL and their trade can sometimes take a matter of seconds. Different strategies for different types of trades. On this forum we have all kinds of traders. Whatever trade you place, it has to be the right strategy and plan for the type of trade. Don't get your strategies mixed up, like I have done in the past.
  • #219,352
  • Apr 19, 2010 11:18am Apr 19, 2010 11:18am
Hi Just back from my work
Here we go 125 ++ pip e/u
http://www.forexfactory.com/showpost...stcount=226621
  • #219,353
  • Apr 19, 2010 11:19am Apr 19, 2010 11:19am
Sorry for double posting... damn celcom 3g..
  • #219,354
  • Apr 19, 2010 11:20am Apr 19, 2010 11:20am
Quoting kill56
best of luck
Kill long cable 1.5260 ---> hit and run untill 20 pips ok ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #219,355
  • Apr 19, 2010 11:21am Apr 19, 2010 11:21am
I trust on RSI, and stochastic on 4TF.. i buy when oversold.. and sell when overbought.. and crossing line for both stochastic... just that simple...

with some calculation daily pivot and fibbonacci retracement.. but there are a lot of method on forex.. choose what good for you..

Quoting pawpaw1000
what are you on about? what do you use to decide entry and exits and how PA will act?
just follow the trend...
  • #219,356
  • Apr 19, 2010 11:22am Apr 19, 2010 11:22am
Quoting bbakker
It also depends on what type of trading you do. There are long-term traders who will have a large SL and may have a position open for weeks or even months. Soros is a long-term trader. At the other end of the spectrum you have scalpers, who have a much tighter SL and their trade can sometimes take a matter of seconds. Different strategies for different types of trades. On this forum we have all kinds of traders. Whatever trade you place, it has to be the right strategy and plan for the type of trade. Don't get your strategies mixed up, like I have...
Good advice, thank you. I seem to do pretty well from scalping, but very keen to get some longer positions running too. I see people posting 100+ pip gains and it makes me crazzzzy! lol
  • #219,357
  • Apr 19, 2010 11:23am Apr 19, 2010 11:23am
Quoting Honored
5335 is very likely today as kill said. i have read the same on some other website. that wud be the TP for longs
Let's see how price reacts towards 5350 and 5380.. This resistance are close to each other, maybe we can see some sort of pullback after the retest but I won't take any shorts as I can't do hedging..
  • #219,358
  • Apr 19, 2010 11:25am Apr 19, 2010 11:25am
Quoting egkid
Hi Just back from my work
Here we go 125 ++ pip e/u
http://www.forexfactory.com/showpost...stcount=226621

  • #219,359
  • Apr 19, 2010 11:28am Apr 19, 2010 11:28am
Quoting The Magician
Good advice, thank you. I seem to do pretty well from scalping, but very keen to get some longer positions running too. I see people posting 100+ pip gains and it makes me crazzzzy! lol
reckon we could see 5330 tonight...

on higher TF we can see 1st down has finished and retrace to 5330 could be in ABC formation and then down again...

Not a elliott expert, just throwing it out there...
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  • #219,360
  • Apr 19, 2010 11:34am Apr 19, 2010 11:34am
Quoting The Magician
Good advice, thank you. I seem to do pretty well from scalping, but very keen to get some longer positions running too. I see people posting 100+ pip gains and it makes me crazzzzy! lol
Whatever you do, remember to stick to YOUR plan and do not get swayed by others. Everyone will have a different opinion on where she will go with different entries and different targets. Most have been going long today and I have been going short, but I am trading a long-term position and my SL is @15390. If it hits, oh well... I got it wrong this time round. We all get it wrong sometimes. But it is only 0.5% of my account and I am happy to take that loss.
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