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Cable Update (GBPUSD)

  • #225,901
  • May 12, 2010 3:43am May 12, 2010 3:43am
Quoting cloggie
I rarely use a SL or TP when daydreaming.
  • #225,902
  • May 12, 2010 3:44am May 12, 2010 3:44am
Quoting cloggie
I rarely use a SL or TP when daytrading.
samo samo
  • #225,903
  • May 12, 2010 3:44am May 12, 2010 3:44am
Long @ 1.5008 SL: 220 pips (as it is all i got in my account )
Enter Signature
  • #225,904
  • May 12, 2010 3:45am May 12, 2010 3:45am
Quoting basitata
Long @ 1.5008 SL: 220 pips (as it is all i got in my account )

Post of the day!!!!
  • #225,905
  • May 12, 2010 3:48am May 12, 2010 3:48am
Quoting basitata
Long @ 1.5008 SL: 220 pips (as it is all i got in my account )
coooooooooooooooooooooooooooooooool eid
  • #225,906
  • May 12, 2010 3:48am May 12, 2010 3:48am
missed this long but gotta go to dentists so hopefully catch it b4 it bounces off the ceiling when I get back.

Happy Pippin peeps!
  • #225,907
  • May 12, 2010 3:54am May 12, 2010 3:54am
mmm, I shmell greeeeeen pips. Probably close my long at 5056, wait for a pull back before getting back into a long with TP 5250. I feel bullish this day!
  • #225,908
  • May 12, 2010 3:57am May 12, 2010 3:57am
Quoting basitata
Long @ 1.5008 SL: 220 pips (as it is all i got in my account )
there's no need for that buddy.
current price is ard previous res level. your 220 pips stop can easily be taken out if price fails to clear here.
Wait for 5065 level clearance at least if you wanna bet the whole farm.

Just a thought ....
Thank You
  • #225,909
  • May 12, 2010 4:01am May 12, 2010 4:01am
sell again 5040, TP 4750
  • #225,910
  • May 12, 2010 4:05am May 12, 2010 4:05am
Quoting Clouds
sell again 5050, TP 4750
which broker filled in that price?
highest i got printed was 5044 ..
Thank You
  • #225,911
  • May 12, 2010 4:06am May 12, 2010 4:06am
lol okay. thought so
Thank You
  • #225,912
  • May 12, 2010 4:08am May 12, 2010 4:08am
Quoting wormboy
lol okay. thought so
no i sold 5037 manually , but i was just saying around that level
  • #225,913
  • May 12, 2010 4:11am May 12, 2010 4:11am
Quoting cloggie
Any trade with only a 15 pip SL on Cable is not going to have a great chance right from the start.
No offence but that's just rubbish, I trade with 10-15 pip stops and have a 90%+ win ratio on Cable. Don't believe me, read my journal.

You can trade with a 3 pip stop on the Cable 5m if you're accurate enough.
"I made all my money by selling too soon"
  • #225,914
  • May 12, 2010 4:13am May 12, 2010 4:13am
Looking to short at 990 and 971, if we break that is. There's head wind.
"I made all my money by selling too soon"
  • #225,915
  • May 12, 2010 4:14am May 12, 2010 4:14am
Quoting Bleek
No offence but that's just rubbish, I trade with 10-15 pip stops and have a 90%+ win ratio on Cable. Don't believe me, read my journal.

You can trade with a 3 pip stop on the Cable 5m if you're accurate enough.

Sorry, buddy the PA just proved my point, a SL above a logical resistance would have put him in profit now. To each their own.
  • #225,916
  • May 12, 2010 4:14am May 12, 2010 4:14am
I think the aim of any experienced trader should be to lower the SL required whilst maintaining your success ratio. For me that would mean lowering my SL to 20 pips whilst maintaining my 90% loss rate LMAO!!!

back at 1.5. flat for now.
  • #225,917
  • May 12, 2010 4:15am May 12, 2010 4:15am
Quoting Clouds
no i sold 5037 manually , but i was just saying around that level
understood, thanks
Thank You
  • #225,918
  • May 12, 2010 4:17am May 12, 2010 4:17am
will anyone mind if i ask something non related to cable??
  • #225,919
  • May 12, 2010 4:18am May 12, 2010 4:18am
Quoting cloggie
Sorry, buddy the PA just proved my point, a SL above a logical resistance would have put him in profit now. To each their own.
Entry is more important than stop and hence I use a tiny stop because it very rarely gets touched.

But like you say, each to their own.
"I made all my money by selling too soon"
  • #225,920
  • May 12, 2010 4:18am May 12, 2010 4:18am
Quoting CoffeeDrinke
will anyone mind if i ask something non related to cable??
Depends how personal it is?
"I made all my money by selling too soon"
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