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Long term CABLE short from current levels? 3 replies

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Cable Short Term (Chazzle)

  • #201
  • Oct 28, 2010 3:41am Oct 28, 2010 3:41am
Quoting chazzle
adding 15770
closing the long for -3...possible H&S forming...and possible DXY bounce coming up
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  • #202
  • Oct 28, 2010 3:50am Oct 28, 2010 3:50am
Quoting chazzle
looks weak so force open 4 positions short at 15770....see who gets there first lol
Hi ,
What are you doing man ?
add long.... ?
more and more and more and more ?
without money management ?
Are you trying too war ?
A little beginner trader since 2006
  • #203
  • Oct 28, 2010 3:52am Oct 28, 2010 3:52am
Quoting chazzle
closing the long for -3...possible H&S forming...and possible DXY bounce coming up
Oh sorry I did not see this post
I opened this page 15 min ago before you send this post.
Best regards.
I read this third always.
A little beginner trader since 2006
  • #204
  • Oct 28, 2010 4:10am Oct 28, 2010 4:10am
Quoting chazzle
looks weak so force open 4 positions short at 15770....see who gets there first lol
adding to the short @ 1.58...still plenty of historical PA 15825-15850 to slow her down
  • #205
  • Edited 4:24am Oct 28, 2010 4:13am | Edited 4:24am
and 15815 , 15830
  • #206
  • Oct 28, 2010 4:38am Oct 28, 2010 4:38am
added also 15840-Average now 15811
  • #207
  • Oct 28, 2010 5:10am Oct 28, 2010 5:10am
closed at 15825...app equiv 300 pip loss...long from same level
  • #208
  • Oct 28, 2010 5:14am Oct 28, 2010 5:14am
Quoting chazzle
closed at 15825...app equiv 300 pip loss...long from same level
closing for equiv 115 pips
  • #209
  • Oct 28, 2010 5:21am Oct 28, 2010 5:21am
short @ 15840...dxy turning up
  • #210
  • Oct 28, 2010 5:29am Oct 28, 2010 5:29am
Quoting chazzle
short @ 15840...dxy turning up
adding at 15850 and 15859 , 15868 , 15878
  • #211
  • Oct 28, 2010 5:45am Oct 28, 2010 5:45am
adding also 88
  • #212
  • Oct 28, 2010 8:00am Oct 28, 2010 8:00am
Stupid trade....Stupid amount of leverage...I just erased all gains since starting this journal

Normal service will resume shortly
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  • #213
  • Oct 28, 2010 8:07am Oct 28, 2010 8:07am
short from 15921
  • #214
  • Oct 28, 2010 8:37am Oct 28, 2010 8:37am
Quoting chazzle
Stupid trade....Stupid amount of leverage...I just erased all gains since starting this journal

Normal service will resume shortly
Bummer man. Sucks to have a large drawdown. You'll get it back though.
  • #215
  • Oct 28, 2010 9:22am Oct 28, 2010 9:22am
Quoting Nate04
Bummer man. Sucks to have a large drawdown. You'll get it back though.
thanks a lot Nate...a week and a half profit I can live with...no major drama...need to get more disciplined though thats for sure...
  • #216
  • Oct 28, 2010 9:23am Oct 28, 2010 9:23am
Ok average price short now 15933 , lets see how this thing pans out overnight...
  • #217
  • Oct 28, 2010 5:57pm Oct 28, 2010 5:57pm
the one thats a bit painful to post...the equivalent of -667 pips....
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  • #218
  • Oct 29, 2010 2:31am Oct 29, 2010 2:31am
Quoting chazzle
the one thats a bit painful to post...the equivalent of -667 pips....
Ouch !!
ex member
  • #219
  • Oct 29, 2010 6:26pm Oct 29, 2010 6:26pm
todays trades...10 pips

and equity increase since journal began 2 weeks ago 0.225%
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  • #220
  • Oct 29, 2010 7:16pm Oct 29, 2010 7:16pm
Quoting chazzle
the one thats a bit painful to post...the equivalent of -667 pips....
You live and learn! Fair play to posting your gains and losses. Not many would have the balls to do this as people see it as hanging their dirty laundry out for all to see.

My only advice is that you should keep the amount that you risk on each trade the same. I see that the majority are £1 plays, but you have even gone to a £10 play and that in my view is risky. If that trade had been the trade where you lost £112, you would have lost £600!

You should treat each trade the same and therefore risk the same amount on each trade. So if you stick to £1 trades, then when you have gained 10% on your account, you can go to £1.10 trades. If you gained 50% on the starting account, you can go to £1.50 for each trade and so on. If you lose 10% of your starting account, you should go to £0.90 per trade.

Consistency in your money management is key and compounding will enable you to grow the account more quickly than you think!

I hope I have given you some food for thought.

Wish you success with your trading and have a great weekend!
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