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Cable Update (GBPUSD)

  • #307,981
  • Apr 13, 2012 4:37am Apr 13, 2012 4:37am
Quoting pjpipster
Yeah, Just took 7 on 5 lots, atleast not a loss. Pays the bills, hookers and beer.
why do you take position on such a very low price? we've been talking about the possibility of cable to move down since asian session, why not take position at higher price?

593x also a resistance for cable before..
  • #307,982
  • Apr 13, 2012 4:41am Apr 13, 2012 4:41am
Quoting A-speculator
why do you take position on such a very low price? we've been talking about the possibility of cable to move down since asian session, why not take position at higher price?
Was pure price action, when you tarde up to 50 lots a small high % trade is the best way to go. This was only 5 Lots, but still high % in my book. I have EURUSD sell running from 2008 , free carried .5 of a lot. so i just let that run
  • #307,983
  • Apr 13, 2012 4:43am Apr 13, 2012 4:43am
Quoting pjpipster
Was pure price action, when you tarde up to 50 lots a small high % trade is the best way to go. This was only 5 Lots, but still high % in my book. I have EURUSD sell running from 2008 , free carried .5 of a lot. so i just let that run
how about the swap mate? must be quite a sum eh..

good to hear you have short position on fiber.. the easiest pair to trade and can trade pretty aggressive too..
  • #307,984
  • Apr 13, 2012 4:48am Apr 13, 2012 4:48am
Quoting A-speculator
how about the swap mate? must be quite a sum eh..

good to hear you have short position on fiber.. the easiest pair to trade and can trade pretty aggressive too..
Many things are easy to trade, does not mean its easy to make money. You can have all the signals information you wish, but what counts is how you use that information. 1%er
  • #307,985
  • Apr 13, 2012 4:50am Apr 13, 2012 4:50am
Quoting pjpipster
Many things are easy to trade, does not mean its easy to make money. You can have all the signals information you wish, but what counts is how you use that information. 1%er
yeah, i guess you have a point.. anyway, i missed on the aussie trade.. got my hands full on the fiber.. owwwsstt.. dammit..

congrats man..
  • #307,986
  • Apr 13, 2012 4:55am Apr 13, 2012 4:55am
Quoting A-speculator
yeah, i guess you have a point.. anyway, i missed on the aussie trade.. got my hands full on the fiber.. owwwsstt.. dammit..

congrats man..
I miss heaps of trades, and get drawdowns, but that does not worry me because i know i will make it back sooner or later on my % average, over 9yrs 76% correct, biggest drawdown 7.3%, most loosers in a row 17 average loss & $670, 18th trade 21k profit. Biigest 3 day loss 128K biggest 1 day win 317K.

So all you people on mini's, find your edge, go in hard to increase your portfolio, break a few rules, give it a go. By the way i started with 11k. 1992
  • #307,987
  • Apr 13, 2012 5:00am Apr 13, 2012 5:00am
Quoting corpo30
Also touched weekly pivot point and respecting this area. I'm expecting a bullish candle in next hour.
Candle is bullish as i expected.
  • #307,988
  • Apr 13, 2012 5:05am Apr 13, 2012 5:05am
Quoting corpo30
Candle is bullish as i expected.
are u sure it will go up, above 593x?
  • #307,989
  • Apr 13, 2012 5:05am Apr 13, 2012 5:05am
Quoting corpo30
Candle is bullish as i expected.
Its a big zone forsure.. i think a good long entry about 5920/10, stop under 1 hr low

Could always do a buy stop 5935 area
  • #307,990
  • Apr 13, 2012 5:19am Apr 13, 2012 5:19am
Inserted Video
  • #307,991
  • Apr 13, 2012 5:25am Apr 13, 2012 5:25am
For me.. I already short this cable @ 1.5940..
  • #307,992
  • Apr 13, 2012 5:29am Apr 13, 2012 5:29am
Quoting Johnny Depp
For me.. I already short this cable @ 1.5940..
and you have not taken profits? last time 5940 , 9.55 gmt+2 its moved 5908..

From your 540 entry at pressent price you hold 9 pips,, snap out of it,, do you understand the trader you are , or are not???

This will help you become detached. The best traders are emotionally
detached from the markets.
They don’t fret!
They don’t sprint!
Some get rich fast!
Those who don’t just get rich slower…

…but all of them grind along like persistent turtles sticking to what they’re

good at!
  • #307,993
  • Apr 13, 2012 5:34am Apr 13, 2012 5:34am
Quoting pjpipster
and you have not taken profits? last time 5940 , 9.55 gmt+2 its moved 5908..
suppose to.. but my range is 1000 yards... I got to wait 2 days before the target get into my scope... maybe I going to let it go for 50 pips before I decide to close it or not...
  • #307,994
  • Apr 13, 2012 5:41am Apr 13, 2012 5:41am
what happens to cable does not drop?
  • #307,995
  • Apr 13, 2012 5:41am Apr 13, 2012 5:41am
Quoting Johnny Depp
suppose to.. but my range is 1000 yards... I got to wait 2 days before the target get into my scope... maybe I going to let it go for 50 pips before I decide to close it or not...
You should never give back more than 25 PIPS TO THE MARKET, i think you need to work on your trade management.
  • #307,996
  • Apr 13, 2012 5:45am Apr 13, 2012 5:45am
You are not paid to trade but be patient and wait for the trade.
  • #307,997
  • Apr 13, 2012 5:48am Apr 13, 2012 5:48am
Quoting pjpipster
You should never give back more than 25 PIPS TO THE MARKET, i think you need to work on your trade management.
Thank you for your concern.... but untill my tech analize and fundy tell me otherwise I'll going to stick with my bearish sentiment...
  • #307,998
  • Apr 13, 2012 5:52am Apr 13, 2012 5:52am
Quoting Johnny Depp
Thank you for your concern.... but untill my tech analize and fundy tell me otherwise I'll going to stick with my bearish sentiment...
stick to your plan, if you are live, just gave 90% of your profits back, you could adopt a better trade management, still hold the trade and be free carried, so what you say is really a joke. but thats how you see it and i respect that.

Looking for BIG WINNERS won't make you rich, but consistancy will.
  • #307,999
  • Apr 13, 2012 5:59am Apr 13, 2012 5:59am
The big fall is not for this week.
but today pound go down.

my 2 cent..
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #308,000
  • Apr 13, 2012 6:02am Apr 13, 2012 6:02am
Quoting Zircon
The big fall is not for this week.
but today pound go down.

my 2 cent..
Wait for the EUR , its going to tank, sooner than later, thinking Daily/weekly. 1000 pip fall
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