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Cable Trading (Serious Trading No Jokes)

  • #381
  • Jul 2, 2010 3:19am Jul 2, 2010 3:19am
Quoting Breeze
CHANGE IN POSITIONS

long GBP/USD @

5093.....TGT @ 5264
5065.....TGT @ 5264
5025.....TGT @ 5264
5050.....TGT @ 5264

long EUR/USD @

2420.....TG @ 2525

Why the Pound so strong...?.....Simply because of the new Financial Rules in the UK...and now most investors see it as a safe haven as it has support from a member of the MPC , Andrew Sentance who voted for a quarter of a percantage rise in the Bank rate to 0.75%....thus further gains are to be seen....I will...
All trades closed @ 5190 Profits booked....I also aadded two more longs @ 4925....closed also @ 5190....I sometimes find it hard to find the thread and update, as I hve to look for it.......so far its a wonderfull thread and I feel comfortable here....its been a very profitable week and I have no complaints @ all....just smilling to the bank.......money management and patience is the key to successfull trading....happy trading all as I wont risk my profits with the US data.....see you on Monday
  • #382
  • Jul 2, 2010 3:24am Jul 2, 2010 3:24am
Quoting adrianebn
could you pls advice whats the grid?
.
Attached File(s)
File Type: ex4 Grid_Builder.ex4   3 KB | 357 downloads
  • #383
  • Jul 2, 2010 3:39am Jul 2, 2010 3:39am
thanks, installed perfectly

whats the setup rules to this then? would like to get to understand the principle, mm/sl/tp

tanks
ad

Quoting forexlion
.
  • #384
  • Jul 2, 2010 3:58am Jul 2, 2010 3:58am
Quoting forexlion
This grid trading is simply too cool, just can't make any mistakes here

I did check out your grid indy - isnt it just a Sweet Spots indy like the one that I use.....
Attached File(s)
File Type: ex4 SDX-SweetSpots_v5.2.ex4   8 KB | 265 downloads
Trading Levels with WRBs
  • #385
  • Jul 2, 2010 5:49am Jul 2, 2010 5:49am
Quoting forexlion
2 things come to my mind here, unless i am wrong in what i am thinking

considering this 4 hour channel, we could go to 5250 area on a spike

http://img535.imageshack.us/img535/2615/71921733.gif


and weekly bounce zone also comes in @ 5238

http://img121.imageshack.us/img121/1166/gg2.gif

5238 achieved

if broken then 5864
  • #386
  • Jul 2, 2010 6:01am Jul 2, 2010 6:01am
My divergence signals are bearish, but other indis still read to high to trade on them.
  • #387
  • Jul 2, 2010 6:06am Jul 2, 2010 6:06am
Quoting stevefx
My divergence signals are bearish, but other indis still read to high to trade on them.
well, now I am bearish too, just waiting for the support to break

my target of 5228 was kissed


http://img130.imageshack.us/img130/1166/gg2.gif
  • #388
  • Jul 2, 2010 6:15am Jul 2, 2010 6:15am
Quoting forexlion
well, now I am bearish too, just waiting for the support to break

my target of 5228 was kissed


http://img130.imageshack.us/img130/1166/gg2.gif
considering the trend channel we are following this should get me 5050 or 5000 by monday or tuesday
  • #389
  • Jul 2, 2010 6:51am Jul 2, 2010 6:51am
could someone enlighten me about the setup in the grid trading system pls

entries, exits, tp/sl etc

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  • #390
  • Jul 2, 2010 6:53am Jul 2, 2010 6:53am
Quoting forexlion
considering the trend channel we are following this should get me 5050 or 5000 by monday or tuesday
I can't get any signals on the bigger charts. 1/2 hour max. Makes me think we're gonna do some good bouncing on the way down.
  • #391
  • Jul 2, 2010 7:13am Jul 2, 2010 7:13am
impressive day for cable today, not even 100pips, didnt see this for a while
  • #392
  • Jul 2, 2010 7:23am Jul 2, 2010 7:23am
Quoting zamanib
Great job---- Mr forexlion -- I have this indi on my chart for a long long time--
Ok -- What I said hope to see 200 pips today high to low
anyways I bag 3 lots from 14950 --15050 Plus this morning 1 lot 14903-- 14875

Guys stick to your rules -- you will be better traders - you will not win all
(not could (a) should (a) just do it)
Remember -- This "Great traders are not lucky they are well prepared"
http://www.forexfactory.com/member.php?u=45605

this guy has been using grid trading for a long time

he is the best person to answer all questions regarding grid trading not me
  • #393
  • Jul 2, 2010 7:48am Jul 2, 2010 7:48am
Quoting adrianebn
impressive day for cable today, not even 100pips, didnt see this for a while
Yes in the begining of the week was low daily range-- 94--150 then yesterday over 340+ pips -- I will expect to see over 100 + today from high to low -- It seems it want to hit the 15250 area-- if not it have to break 15150 moving down
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #394
  • Jul 2, 2010 7:51am Jul 2, 2010 7:51am
Quoting forexlion
http://www.forexfactory.com/member.php?u=45605

this guy has been using grid trading for a long time

he is the best person to answer all questions regarding grid trading not

me
00 50 level are good S/R area (for me) notice --most of time GU find S/R at these levels-- I used it also TP and SL
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #395
  • Jul 2, 2010 8:13am Jul 2, 2010 8:13am
considering that top is in place @ 5228, i took the short with tp of 5100

on chart this can go to 5092

61.8 is 38.2 when going from top to bottom

http://img684.imageshack.us/img684/1166/gg2.gif
  • #396
  • Jul 2, 2010 8:37am Jul 2, 2010 8:37am
despite NFP we are stuck in a ....... range n the friggin support is taking time to break

http://img31.imageshack.us/img31/9972/gg2xp.gif
  • #397
  • Jul 2, 2010 9:13am Jul 2, 2010 9:13am
good

now i need 5150 to break

http://img291.imageshack.us/img291/4444/gg2x.gif
  • #398
  • Jul 2, 2010 9:27am Jul 2, 2010 9:27am
I am thinking lower
Attached Image (click to enlarge)
Click to Enlarge Name: gu 10-07-02 15.gif Size: 97 KB
  • #399
  • Jul 2, 2010 9:51am Jul 2, 2010 9:51am
Quoting Trade888
I am thinking lower
i will love it if it happens
  • #400
  • Edited 10:32am Jul 2, 2010 10:16am | Edited 10:32am
Hi forexlion,

Good to see you 4m india first.! .. I'm a newbie, and have a short position now with gbp. Not aware of the market gap openings much, is that advisable to leave the position open till monday or hedging it would be better ?


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