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Cable Update (GBPUSD)

  • #232,461
  • Jun 18, 2010 10:17am Jun 18, 2010 10:17am
What up people, i'm short at 1.47830 and will hold it over the weekend unless it reaches my 40 pips target before the market closes. But i have no doubt it will reach my target, if not today when the market re-opens on sunday. Keep it simple and make that paper, that's what it's all about.
  • #232,462
  • Jun 18, 2010 10:19am Jun 18, 2010 10:19am
Quoting Forextrader4
What up people, i'm short at 1.47830 and will hold it over the weekend unless it reaches my 40 pips target before the market closes. But i have no doubt it will reach my target, if not today when the market re-opens on sunday. Keep it simple and make that paper, that's what it's all about.
where is yur stop?
  • #232,463
  • Jun 18, 2010 10:29am Jun 18, 2010 10:29am
Quoting Forextrader4
What up people, i'm short at 1.47830 and will hold it over the weekend unless it reaches my 40 pips target before the market closes. But i have no doubt it will reach my target, if not today when the market re-opens on sunday. Keep it simple and make that paper, that's what it's all about.

G/L with the trade...stop would have to be above the most obvious area of supply as shown on 5min ? (ie above red line?)
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ex member
  • #232,464
  • Jun 18, 2010 10:31am Jun 18, 2010 10:31am
Quoting nAVIN2007
where is yur stop?
my stop is at 1.4835 but i didn't place it on my platform until the market is near the closing time, that's ofcourse if it doesn't hit my target by then. I don't usually put a stop on the platform because i feel like the brokers are out there just hunting like starving animals. So i gotta do what i gotta do, i draw a line where i want my target and stop but i don't put it on there, i don't trust those Fu**rs.
  • #232,465
  • Jun 18, 2010 10:32am Jun 18, 2010 10:32am
Quoting Forextrader4
What up people, i'm short at 1.47830 and will hold it over the weekend unless it reaches my 40 pips target before the market closes. But i have no doubt it will reach my target, if not today when the market re-opens on sunday. Keep it simple and make that paper, that's what it's all about.
Holding a trade this close to your SL over the weekend is risky IMHO, especially in this market unstability.

Just friendly advice
  • #232,466
  • Jun 18, 2010 10:32am Jun 18, 2010 10:32am
the 1hr t/f below shows that price has arrived at a previous near-term area of imbalance demand over supply from which prices rose to the current i/day hi...it is see-ing some demand again there presently...how strong is this demand, sufficient for a rally or just residual? Price still only @ 59% of the 20day average pip range.

G/L
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ex member
  • #232,467
  • Jun 18, 2010 10:35am Jun 18, 2010 10:35am
Quoting direct-trade
Holding a trade this close to your SL over the weekend is risky IMHO, especially in this market unstability.

Just friendly advice
I appreciate your advice man but i've been doing this for a while as my full time income. Since the "Forex Made Easy" bullshit days.
  • #232,468
  • Jun 18, 2010 10:38am Jun 18, 2010 10:38am
a nice bullish divergence/band deviation based signal to get long from the area...is it a pullback or an extended rally? We'll let PA tell us that, no need to guess.
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ex member
  • #232,469
  • Jun 18, 2010 10:43am Jun 18, 2010 10:43am
Quoting Forextrader4
my stop is at 1.4835 but i didn't place it on my platform until the market is near the closing time, that's ofcourse if it doesn't hit my target by then. I don't usually put a stop on the platform because i feel like the brokers are out there just hunting like starving animals. So i gotta do what i gotta do, i draw a line where i want my target and stop but i don't put it on there, i don't trust those Fu**rs.

The key is to reduce exposure to the market, therefore reducing risk.

In all seriousness, collect whatever profit you can and close before NY goes home. There are much easier ways to collect out of this market, in fact I have a 90-95% success rate on 1 scalp a day for around +10 to +20 pips averaging between 5-10% per week on a max risk of 1% - 2% per trade. Orders are placed, set and forget. Took me a long time to find it, but it's there. trading that way saves the stress of holding overnight/weekends and still pays as much as watching the screens all day. However, I am a trader who is always looking for mid term setups, but in times like these at least it provides a steady income until my swing trades kick in. If interested PM me and I'll get back to you over the weekend, but please do not hold your trades over the weekend when they are so close to your entry points...you never know what may be announced on Sat/Sun.



All the best and have a great weekend
  • #232,470
  • Jun 18, 2010 10:44am Jun 18, 2010 10:44am
Quoting Forextrader4
I appreciate your advice man but i've been doing this for a while as my full time income...
OK, no probs. G/L
  • #232,471
  • Jun 18, 2010 10:49am Jun 18, 2010 10:49am
gooooooooooooooooooooooooooooooooool no body in the market all watching ???????????????????????????

get u a flat screen and sell cable enjoy the goooooooooooool
  • #232,472
  • Jun 18, 2010 10:50am Jun 18, 2010 10:50am
booooooooooooooooring
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  • #232,473
  • Jun 18, 2010 10:51am Jun 18, 2010 10:51am
Quoting direct-trade
OK, no probs. G/L
I sent you a pm
  • #232,474
  • Jun 18, 2010 10:53am Jun 18, 2010 10:53am
1.4770 need to break
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #232,475
  • Jun 18, 2010 10:55am Jun 18, 2010 10:55am
Quoting Forextrader4
I appreciate your advice man but i've been doing this for a while as my full time income.
I've also "Been told" not to do it but I think I am considering holding a position over the weekend also, for the first time.

What is the worst you have encountered doing this - talking real life experiences and not hype.
Thanks.
  • #232,476
  • Jun 18, 2010 11:06am Jun 18, 2010 11:06am
UpdATE

http://www.forexfactory.com/showthre...=1#post3813138
  • #232,477
  • Jun 18, 2010 11:27am Jun 18, 2010 11:27am
Quoting PipVip
I've also "Been told" not to do it but I think I am considering holding a position over the weekend also, for the first time.

What is the worst you have encountered doing this - talking real life experiences and not hype.
Thanks.
for example a 1000 pip gap in the wrong direction, because something happened you couldn't think of right now.
Unless you are investing long term I would not hold anything over a weekend, mostly it's not worth the risk....
Don't be a hero. Don't have an ego. Always question yourself
  • #232,478
  • Jun 18, 2010 11:45am Jun 18, 2010 11:45am
Dear DT,

Thanks for your for novice like me.

Can you tell me how you scalp can you give some tips

thanks
  • #232,479
  • Jun 18, 2010 12:04pm Jun 18, 2010 12:04pm
Quoting direct-trade
The key is to reduce exposure to the market, therefore reducing risk.

In all seriousness, collect whatever profit you can and close before NY goes home. There are much easier ways to collect out of this market, in fact I have a 90-95% success rate on 1 scalp a day for around +10 to +20 pips averaging between 5-10% per week on a max risk of 1% - 2% per trade. Orders are placed, set and forget. Took me a long time to find it, but it's there. trading that way saves the stress of holding overnight/weekends and still pays as much as watching the screens...
Have a Great Weekend yourself, DT !
Been an awful day - how many more to come before something like trend emerges ? ".... And a Blind Understanding , heaven replied..." from Rubaiyats - Edward Fitzgerald. But yet nice if a Candle can light the way !
You are talking about a System - if it is not Copy protected, could you send it to me - willing to try anything in these hodge-podge days ! My trading is OK, better than OK but these days Cable is changing her Tune almost everyday.

If there is any contra- don't bother. Thanks anyway !
  • #232,480
  • Jun 18, 2010 12:13pm Jun 18, 2010 12:13pm
Quoting poortrader
Dear DT,

Thanks for your for novice like me.

Can you tell me how you scalp can you give some tips

thanks
Hi Poortrader,

Hope you are well, havent seen you around for a while mate.

Tried to respond to your PM, but I think you have the PM function disabled and I could not send my message to you. Check your profile and edit options to allow Private Messages.

I have to go out now (to keep her who must be obeyed happy lol), but will send you a PM on Sunday evening (GMT) if you have your private messaging active by then.
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