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Cable Update (GBPUSD)

  • #293,621
  • Nov 30, 2011 8:32am Nov 30, 2011 8:32am
Tau, 4 trades hit targets in last 10 days, all trades over 100 pips away from targets when posted, no charts used..not bad huh..stay tuned, lots more coming
entry - 1.29250 s/l 200 pips
  • #293,622
  • Nov 30, 2011 8:42am Nov 30, 2011 8:42am
Quoting GlobalMacro
Hello everybody,

Strength in cable cut through 1.5600 with ease early LDN session.
Bullish momentum is still intact prompting for long entries under favorable conditions.

I'm opening long positions here @ 1.5624
Nice rally to over 1.5758

I'm exiting my long position from 1.5624 here @ 1.5740

and booking profits of +ve 116 pips

My Position Is Now F L A T.
Attached Image (click to enlarge)
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Hear the music before the song is over ...
  • #293,623
  • Nov 30, 2011 8:43am Nov 30, 2011 8:43am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Good one GM!

Quoting GlobalMacro
Nice rally to over 1.5758

I'm exiting my long position from 1.5624 here @ 1.5740

and booking profits of +ve 116 pips

My Position Is Now F L A T.
  • #293,624
  • Nov 30, 2011 8:54am Nov 30, 2011 8:54am
Quoting ams
Good one GM!
Thanks buddy.
You in any trades yourself?
Hear the music before the song is over ...
  • #293,625
  • Nov 30, 2011 9:00am Nov 30, 2011 9:00am
Hi guys ,,

I have been trading for small amount for about one year. Now i am planning to start trading a bigger amount. what is the reasonable amount to start trading with?

thanks
  • #293,626
  • Nov 30, 2011 9:13am Nov 30, 2011 9:13am
Quoting amberfm
Hi guys ,,

I have been trading for small amount for about one year. Now i am planning to start trading a bigger amount. what is the reasonable amount to start trading with?

thanks
It depends on how good you think you are, how much you are willing to risk and how much you want to earn. Don't put all of it in your broker account though, just enough to trade your 1 - 2% risk trades. It's a big question to ask. What leverage would you use? Which broker and what type of account? This is the wrong place for a discussion like this, though. You should start a thread here: http://www.forexfactory.com/forumdisplay.php?f=56 and also read Peter FM's thread to get an idea on what you should risk. Today this thread has already been filled up with the gap discussion and various other nonsense.
Gone to a better place
  • #293,627
  • Nov 30, 2011 9:13am Nov 30, 2011 9:13am
Thats me done for the day, my profit target was hit while I was out shopping. Another great day for trading, 69+ pips this morning and 91+ pips this afternoon, thats just over 400+ pips this week for me trading this pair alone, this has to be one of the best weeks I've had in a long time. Cha ching.
Attached Image (click to enlarge)
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  • #293,628
  • Nov 30, 2011 10:03am Nov 30, 2011 10:03am
Quoting redsword11
added @ 1.57040

Attached Image (click to enlarge)
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forced to cut earlier sell, hopefully will get out of this train crash


added higher, locked
  • #293,629
  • Nov 30, 2011 10:12am Nov 30, 2011 10:12am
Wow it was hit 100% exp fib. Unfortunately i didn't set my TP that high. but managed to rack 100 pips though.
  • #293,630
  • Edited 10:43am Nov 30, 2011 10:14am | Edited 10:43am
sold 15752. tp according to momo. sl 157800 ish ( manual) Price has rejected previous swing high at 15780...21 Oct.and 18 Nov
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: US Dollar Basket (DEC-11).png Size: 5 KB
All systems of divination, like music itself,work through patterns.
  • #293,631
  • Nov 30, 2011 10:15am Nov 30, 2011 10:15am
Next port of call, 1.5840 area or 1.5880/5890 area....
  • #293,632
  • Nov 30, 2011 10:15am Nov 30, 2011 10:15am
My targets are the 100 ema at around 1.5690. and since it is Wednesday today ( I know I checked). I will look for a reversal around London closing.[/quote]

As per shorted the touch of the 200ema. Am expecting it to retrace before NFP on Friday. Will be stopped out on a break of the high. Targets 1.57 and 1.5650
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 105 KB
  • #293,633
  • Nov 30, 2011 10:18am Nov 30, 2011 10:18am
Quoting Flatfish
My targets are the 100 ema at around 1.5690. and since it is Wednesday today ( I know I checked). I will look for a reversal around London closing.

As per shorted the touch of the 200ema. Am expecting it to retrace before NFP on Friday. Will be stopped out on a break of the high. Targets 1.57 and 1.5650
I think it may go upto the areas in my post above, pull back to the 200ema which will strangely enough be around a support level, bounce off that for another move upwards to the 1.61000 area. I won't be trading at all on friday, don't like nfp day.
  • #293,634
  • Nov 30, 2011 10:41am Nov 30, 2011 10:41am
I'm going short if 5719 is hit
  • #293,635
  • Nov 30, 2011 10:55am Nov 30, 2011 10:55am
Quoting redsword11
Attachment



forced to cut earlier sell, hopefully will get out of this train crash


added higher, locked

Attached Image (click to enlarge)
Click to Enlarge Name: c1.gif Size: 10 KB




earlier sells out @ entry


......... need a tinfoil hat to fade this stuff


awh man
  • #293,636
  • Nov 30, 2011 10:56am Nov 30, 2011 10:56am
Quoting Flatfish
My targets are the 100 ema at around 1.5690. and since it is Wednesday today ( I know I checked). I will look for a reversal around London closing.
As per shorted the touch of the 200ema. Am expecting it to retrace before NFP on Friday. Will be stopped out on a break of the high. Targets 1.57 and 1.5650[/quote]

Target 1 already reached. Stop on 2 order now at 1.5750. Many green pips today riding her up and down. Probably be a small range day tomorrow.
  • #293,637
  • Nov 30, 2011 11:05am Nov 30, 2011 11:05am
I will be looking for longs at the areas in the SS which is the 5690 area, 5650 area or 5590 area. I don't trade pullbacks in a strong trend as they can be sometimes unpredictable, I only trade in the direction of the trend, in this case, up.
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  • #293,638
  • Nov 30, 2011 11:08am Nov 30, 2011 11:08am
Quoting redsword11
Attachment



earlier sells out @ entry


......... need a tinfoil hat to fade this stuff


awh man

closed upper sell 1.57000

buy remains open
  • #293,639
  • Nov 30, 2011 11:11am Nov 30, 2011 11:11am
Quoting smikester
It depends on how good you think you are, how much you are willing to risk and how much you want to earn. Don't put all of it in your broker account though, just enough to trade your 1 - 2% risk trades. It's a big question to ask. What leverage would you use? Which broker and what type of account? This is the wrong place for a discussion like this, though. You should start a thread here: http://www.forexfactory.com/forumdisplay.php?f=56 and also read Peter FM's thread to get an idea on what you should risk. Today this thread has already...
This guy tells you to trade 1-2% of your account..lots of confidence huh lol at that rate it will take you years just to make up for your losses..I bet he's still making his up..actually I guarantee it.
entry - 1.29250 s/l 200 pips
  • #293,640
  • Nov 30, 2011 11:31am Nov 30, 2011 11:31am
Quoting normfx
This guy tells you to trade 1-2% of your account..lots of confidence huh lol at that rate it will take you years just to make up for your losses..I bet he's still making his up..actually I guarantee it.
hey stormin Norm... how long you been around here now? Did i see almost 3 weeks from your profile? Wowzers... some going dude.
All systems of divination, like music itself,work through patterns.
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