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Cable Update (GBPUSD)

  • #252,501
  • Sep 13, 2010 1:28am Sep 13, 2010 1:28am
Quoting Dayboy001
Trap or not I take it, I take the break, then knowing it could be the franky move my SL to B/E once I get +20 (sometime i take half off depending on how it feels).
Just closed +50 achieved my 2% for the day
  • #252,502
  • Sep 13, 2010 1:28am Sep 13, 2010 1:28am
Quoting Dayboy001
Trap or not I take it, I take the break, then knowing it could be the franky move my SL to B/E once I get +20 (sometime i take half off depending on how it feels).
makes sense - thanks
  • #252,503
  • Sep 13, 2010 1:30am Sep 13, 2010 1:30am
Quoting dimlat
Many thanks - will look and learn - interesting, as many experienced posters here seem to have an overall bearish view at the moment.
plan your trade and trade your own plan.... filter the posters and you'll get the pips... just stick to you own plan and discipline....
not euphoria follower
  • #252,504
  • Sep 13, 2010 1:31am Sep 13, 2010 1:31am
Quoting dimlat
makes sense - thanks
Looks like today I may have closed too early.

I struggle to let trades go past my 2% daily goal.
  • #252,505
  • Sep 13, 2010 1:33am Sep 13, 2010 1:33am
Quoting iqyu5an
plan your trade and trade your own plan.... filter the posters and you'll get the pips... just stick to you own plan and discipline....
Thanks ..........i know the theory, its sticking to it which is the bummer like u say , its the discipline.
  • #252,506
  • Sep 13, 2010 1:35am Sep 13, 2010 1:35am
Quoting Dayboy001
Looks like today I may have closed too early.

I struggle to let trades go past my 2% daily goal.
dont knock it - many tradres would be v happy with what u have acheived today already at least you have something which is definite - i often close too early - exit strategy is something i must improve
  • #252,507
  • Sep 13, 2010 1:35am Sep 13, 2010 1:35am
Quoting iqyu5an
plan your trade and trade your own plan.... filter the posters and you'll get the pips... just stick to you own plan and discipline....
great words. and i have experince it .if you have no plan and do not perisit your plan .you will be the loser finally .
A chart helps those who can read it.
  • #252,508
  • Sep 13, 2010 1:38am Sep 13, 2010 1:38am
Quoting dimlat
Thanks ..........i know the theory, its sticking to it which is the bummer like u say , its the discipline.
not euphoria follower
  • #252,509
  • Sep 13, 2010 1:39am Sep 13, 2010 1:39am
To me: Frankie fake is looking very juicy to short.
Short taken @ 15474
Stop @ 15540
  • #252,510
  • Sep 13, 2010 1:40am Sep 13, 2010 1:40am
its still within the bearish down channel on the daily chart unless it breaks above 1.55...is there any reason for this huge upmove apart from taking out all the shorts
  • #252,511
  • Sep 13, 2010 1:40am Sep 13, 2010 1:40am
Quoting geniusztc
great words. and i have experince it .if you have no plan and do not perisit your plan .you will be the loser finally .
yes bro... we're going to be panic.... if we have no plan...then we're gonna be loser
not euphoria follower
  • #252,512
  • Sep 13, 2010 1:43am Sep 13, 2010 1:43am
Quoting iqyu5an
yes bro... we're going to be panic.... if we have no plan...then we're gonna be loser
funny isnt it!..like i said empty vessels make big sound always..
  • #252,513
  • Sep 13, 2010 1:53am Sep 13, 2010 1:53am
5th try to break this level... Maybe? will see, as we have quite a nice raide down if not!
@pawpaw1000 on Twitter
  • #252,514
  • Sep 13, 2010 1:55am Sep 13, 2010 1:55am
Quoting pawpaw1000
5th try to break this level... Maybe? will see, as we have quite a nice raide down if not!
here's chart
Attached Image (click to enlarge)
Click to Enlarge Name: tradeg.gif Size: 55 KB
@pawpaw1000 on Twitter
  • #252,515
  • Sep 13, 2010 1:55am Sep 13, 2010 1:55am
Watch out for Franky Fake @ 8am, especially so this morning.............
  • #252,516
  • Sep 13, 2010 1:58am Sep 13, 2010 1:58am
isnt frankie@ 7am as london opens at 8am, on 5min looks like a small bull flag to me
  • #252,517
  • Sep 13, 2010 2:04am Sep 13, 2010 2:04am
Quoting Xxavier
Today's first trade....Going long... Entry at 1.5451
So far it does not look like a fake out.. So going to hold on to my position.. I will close it if it breaks the 40 level. thats 1.5440 level, which will make this a 10 pip loser..
  • #252,518
  • Sep 13, 2010 2:05am Sep 13, 2010 2:05am
struggling right on my 200 EMA on the 4hr on my chart.
  • #252,519
  • Sep 13, 2010 2:10am Sep 13, 2010 2:10am
well, got in short on both cable and fibre...

Cable @ 5462 s/l 5481 and TP at 5353... (PS looks like I'm about to get stopped)

Fibre @ 1.2820 s/l 2837 and TP 1.2707...

Both are risking 2% of account and have a RR of 5.

Let's see...
@pawpaw1000 on Twitter
  • #252,520
  • Sep 13, 2010 2:15am Sep 13, 2010 2:15am
Quoting alex1976
Just asking cause i went long at 370, assuming the range continues.

My limit is 451, and I put a tight stop at 330.

I thought it was a decent trade, 60% or so, with a 1:2 risk reward.

I say my trades, I dont just talk!

Thats for bannana peel, i forgot your name.
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