Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#255,201
Sep 22, 2010 3:30pm Sep 22, 2010 3:30pm

need-help
| Joined Oct 2009 | Status: Trader | 231 Posts

Quoting USD-Bear

Disliked

Sure hard work to get a pip

Ignored

Sure was

Quoting Magix

Disliked

Dude...

Better 1 then -1.

IF you don't like feeling tied down and wanna do something for the balance of your day or until later, best to take a single pip profit instead of leaving something that could swing wildly against you.

Take your pip, go for a nap, or a walk, or rub one out...whatever...

The market will still be here when you get back.

Ignored

The darn thing just wouldn't move and seeing where it is positioned, it could possibly take a nice spike up given low volume.

I am taking the pip for a walk

#255,202
Sep 22, 2010 3:33pm Sep 22, 2010 3:33pm

Magix
Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts

Quoting need-help

Disliked

The darn thing just wouldn't move and seeing where it is positioned, it could possibly take a nice spike up given low volume.

I am taking the pip for a walk

Ignored

I support you in your decision!

When in doubt, sit it out...don't wanna be hostage to a trade, especially if in profit, take yer pip n walk.

Enjoy your afternoon...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!

#255,203
Sep 22, 2010 3:36pm Sep 22, 2010 3:36pm

Turveyd
| Membership Revoked | Joined Aug 2006 | 11,977 Posts

Ohhh no attachment, arrggghhh!!!

Time management and why decide if to wark or rub 1 out, just do both!!

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Nothing to it, but to do it!!! Stick to the plan FOOL!!!!

#255,204
Sep 22, 2010 3:36pm Sep 22, 2010 3:36pm

need-help
| Joined Oct 2009 | Status: Trader | 231 Posts

Thanks

Good night everyone

Quoting Magix

Disliked

I support you in your decision!

When in doubt, sit it out...don't wanna be hostage to a trade, especially if in profit, take yer pip n walk.

Enjoy your afternoon...

Ignored

#255,205
Sep 22, 2010 3:39pm Sep 22, 2010 3:39pm

Turveyd
| Membership Revoked | Joined Aug 2006 | 11,977 Posts

If it helps, its a error i make, I've only made 2 trades this week, a +4 and +2 sadly the +4 went +40, can't remember the +2, if I relaxed and took a -10 on that, I'd be +30, so +24 higher.

Hard mindset to crack.

Nothing to it, but to do it!!! Stick to the plan FOOL!!!!

#255,206
Sep 22, 2010 3:39pm Sep 22, 2010 3:39pm

Magix
Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts

Not a cable chart, but perhaps a little strength in USD on the fall with the Euro here, could see a bit more of a drop in cable....

Looks like a head and shoulder formation from my charts...

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!

#255,207
Sep 22, 2010 3:46pm Sep 22, 2010 3:46pm

need-help
| Joined Oct 2009 | Status: Trader | 231 Posts

Looks like it wants to fall.

Edit: Going away for sometime and setting a sell order at 75 with tp at 20.

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#255,208
Sep 22, 2010 3:48pm Sep 22, 2010 3:48pm

Uphios
| Joined Sep 2006 | Status: Forex Slave | 208 Posts

Quoting need-help

Disliked

Looks like it wants to fall.

Ignored

I hope so. It has a little over an hour to go and drop about a dozen points otherwise I have to get long, and I don't want to.

Looking too tomorrows UK news on Bank mortgage lending. I expect this to disappoint badly and watch cable drop.

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#255,209
Sep 22, 2010 3:55pm Sep 22, 2010 3:55pm

chazzle
Joined Sep 2010 | Status: Trader | 11,327 Posts

Quoting Uphios

Disliked

I hope so. It has a little over an hour to go and drop about a dozen points otherwise I have to get long, and I don't want to.

Ignored

why do you have to get long?

#255,210
Sep 22, 2010 4:00pm Sep 22, 2010 4:00pm

Uphios
| Joined Sep 2006 | Status: Forex Slave | 208 Posts

Quoting chazzle

Disliked

why do you have to get long?

Ignored

The system I am using. This 4H candle which ends in 1H here, must be negative else go long overnight.

I don't like it much, especially with tomorrows news and I think JPY closed tonight but you know how it is with systems, you either follow them or throw them away.

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#255,211
Sep 22, 2010 4:03pm Sep 22, 2010 4:03pm

chazzle
Joined Sep 2010 | Status: Trader | 11,327 Posts

probably better off long by the look of it lol

#255,212
Sep 22, 2010 4:05pm Sep 22, 2010 4:05pm

chazzle
Joined Sep 2010 | Status: Trader | 11,327 Posts

weird price action-I've gone long

#255,213
Sep 22, 2010 4:12pm Sep 22, 2010 4:12pm

Turveyd
| Membership Revoked | Joined Aug 2006 | 11,977 Posts

Quoting chazzle

Disliked

weird price action-I've gone long

Ignored

You realise the futures markets are closed for this hour so in 50mins time you'll likely get the start of a good move, but there is no way to get a real direction worth a damn in this hour.

Take this hour off.

Nothing to it, but to do it!!! Stick to the plan FOOL!!!!

#255,214
Sep 22, 2010 4:17pm Sep 22, 2010 4:17pm

chazzle
Joined Sep 2010 | Status: Trader | 11,327 Posts

Quoting Turveyd

Disliked

You realise the futures markets are closed for this hour so in 50mins time you'll likely get the start of a good move, but there is no way to get a real direction worth a damn in this hour.

Take this hour off.

Ignored

I didn't know that,thanks

#255,215
Edited 6:56pm Sep 22, 2010 4:31pm | Edited 6:56pm

Uphios
| Joined Sep 2006 | Status: Forex Slave | 208 Posts

Well, futures closed or not it is within 3 pips of me being able to stay short, which I am glad about. 30 mins to go and just 3 more pips and hold required.

Edit. it made it as I typed. Just need to hold here or lower.

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