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Cable Update (GBPUSD)

  • #322,301
  • Aug 22, 2012 5:02am Aug 22, 2012 5:02am
Quoting TerpFan2
Yeah Bud,
We'll see... We'll see...

London's tough in that a whole-LOTTA edges are being "Played",
back & forth- and that's what i mean when you try to tell "it",
-THE Market, which way she's a going.... Anything, is possible..
It's tough to wait & see what unfolds...

Best of all Chris,

Jeff
Naaa...not too tough to wait...lol.

Though she has every potential of heading further north...

as BB pointed out a couple posts back, it has a LOT of wood chopping to do on the way.

http://www.forexfactory.com/showthre...72#post5947972

So it's a pretty clear bet it won't be a straight line. If it does push north, they'll be plenty of dips to buy.

All the best my friend.
Ghost Rider - WWTBMD?
  • #322,302
  • Aug 22, 2012 5:02am Aug 22, 2012 5:02am
there diverence on 30 minute..seems to be cause of the downward movement
  • #322,303
  • Aug 22, 2012 5:13am Aug 22, 2012 5:13am
Quoting nAVIN2007
there diverence on 30 minute..seems to be cause of the downward movement
A good SR level to bounce from as well buddy. If this 4H closes (2 hours from now) below 5783ish (50%), I think we may test the daily UTL at 5730ish. If that holds, probably up. If not, she may sink to test 5700 again IMHO.
Attached Image(s) (click to enlarge)
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Ghost Rider - WWTBMD?
  • #322,304
  • Aug 22, 2012 5:41am Aug 22, 2012 5:41am
Damn hedge
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #322,305
  • Aug 22, 2012 5:53am Aug 22, 2012 5:53am
Quoting Ill-b-back
Damn hedge
I just hate when that happens. Oh wait, my broker won't allow it...LOL

But honestly, I taught myself the pitfalls of hedging when I was still on demo. I tried it a couple times live (before the broker made the change) and again varified my fears of doing it.
Ghost Rider - WWTBMD?
  • #322,306
  • Aug 22, 2012 6:04am Aug 22, 2012 6:04am
Quoting albchr
I just hate when that happens. Oh wait, my broker won't allow it...LOL

But honestly, I taught myself the pitfalls of hedging when I was still on demo. I tried it a couple times live (before the broker made the change) and again varified my fears of doing it.

well we know what i think..lol
i just wanna swear thinking of my experience with it
  • #322,307
  • Aug 22, 2012 6:15am Aug 22, 2012 6:15am
Quoting albchr
I just hate when that happens. Oh wait, my broker won't allow it...LOL

But honestly, I taught myself the pitfalls of hedging when I was still on demo. I tried it a couple times live (before the broker made the change) and again varified my fears of doing it.
Yep, not the best strategy
I'll just have to wait and see if I get my Cable Crushed Nuts
Come with me if you want to live....
  • #322,308
  • Aug 22, 2012 6:16am Aug 22, 2012 6:16am
Quoting albchr
I just hate when that happens. Oh wait, my broker won't allow it...LOL

But honestly, I taught myself the pitfalls of hedging when I was still on demo. I tried it a couple times live (before the broker made the change) and again varified my fears of doing it.
may be 2 separate account :nerd:
Mohan
  • #322,309
  • Aug 22, 2012 6:16am Aug 22, 2012 6:16am
Quoting nAVIN2007
well we know what i think..lol
i just wanna swear thinking of my experience with it
.... CHECK!

I'm actually surprised you haven't been taking at least "little" nibbles long this whole way from these low levels. You obviously have an amazing amount of faith it will come back to your higher positions soooo....why not collect a few pippies on the way?
Ghost Rider - WWTBMD?
  • #322,310
  • Aug 22, 2012 6:18am Aug 22, 2012 6:18am
Quoting Ill-b-back
Yep, not the best strategy
I'll just have to wait and see if I get my Cable Crushed Nuts
Well...if ya do, spread em on some ice cream and enjoy!
Ghost Rider - WWTBMD?
  • #322,311
  • Aug 22, 2012 6:23am Aug 22, 2012 6:23am
Quoting mohan76
may be 2 separate account :nerd:
Well that would answer being "able" to do it but IMHO, hedging is hedging. Whether one account or two, not someting I'd do. If I screw it up and...trust me I do...then I cut the loss and move on.

In fact, I took a serious hit of -61 just yesterday on EJ. Had two shorts, it kept pushing north, so to reduce exposure I cut the lowest one, added a higher one and I'm riding it out now.

http://www.forexfactory.com/showthre...61#post5946861
Ghost Rider - WWTBMD?
  • #322,312
  • Aug 22, 2012 6:23am Aug 22, 2012 6:23am
Quoting albchr
Well...if ya do, spread em on some ice cream and enjoy!
And of course don't forget to...


Inserted Video
Come with me if you want to live....
  • #322,313
  • Aug 22, 2012 6:30am Aug 22, 2012 6:30am
Quoting Ill-b-back
And of course don't forget to...


http://www.youtube.com/watch?v=NAWciDfPLbY
.... ...
Ghost Rider - WWTBMD?
  • #322,314
  • Aug 22, 2012 6:31am Aug 22, 2012 6:31am
Quoting Ill-b-back
And of course don't forget to...


http://www.youtube.com/watch?v=NAWciDfPLbY


I totally forgot about the last line in that video clip.

"Ill be back"

Come with me if you want to live....
  • #322,315
  • Aug 22, 2012 6:34am Aug 22, 2012 6:34am
Quoting albchr
.... CHECK!

I'm actually surprised you haven't been taking at least "little" nibbles long this whole way from these low levels. You obviously have an amazing amount of faith it will come back to your higher positions soooo....why not collect a few pippies on the way?

i bought at 1.5490
I wish i bought lower but i need to see a bounce of some sort b4 going in again..hopefully ride that back up
  • #322,316
  • Aug 22, 2012 6:37am Aug 22, 2012 6:37am
Quoting albchr
Well that would answer being "able" to do it but IMHO, hedging is hedging. Whether one account or two, not someting I'd do. If I screw it up [/b]and...trust me I do...then I cut the loss and move on.

In fact, I took a serious hit of -61 just yesterday on EJ. Had two shorts, it kept pushing north, so to reduce exposure I cut the lowest one, added a higher one and I'm riding it out now.

http://www.forexfactory.com/showthre...61#post5946861
i have to agree 100% on that . some time it's good for scalping against your trade but s/l must in place.
Mohan
  • #322,317
  • Aug 22, 2012 6:42am Aug 22, 2012 6:42am
So, the pair closed above resistance and is staying there. Let us hope the news will not scare it off. If it does we will go back to 1.5750-1.5250 area. If it does not 1.6200 area will be reached in a couple of days.
  • #322,318
  • Aug 22, 2012 6:43am Aug 22, 2012 6:43am
Quoting Ill-b-back


I totally forgot about the last line in that video clip.

"Ill be back"

I knew what you meant...LOL
Ghost Rider - WWTBMD?
  • #322,319
  • Aug 22, 2012 6:48am Aug 22, 2012 6:48am
Quoting nAVIN2007
i bought at 1.5490
I wish i bought lower but i need to see a bounce of some sort b4 going in again..hopefully ride that back up
Oh...very cool bro!!

Now I'll be just a bit if pain and state the obvious. Being that you're roughly 300 pips up on it. If you see a fall coming...BANK THE DARN THING and don't let it ride into a loss!! ..
Ghost Rider - WWTBMD?
  • #322,320
  • Aug 22, 2012 6:48am Aug 22, 2012 6:48am
Quoting albchr
A good SR level to bounce from as well buddy. If this 4H closes (2 hours from now) below 5783ish (50%), I think we may test the daily UTL at 5730ish. If that holds, probably up. If not, she may sink to test 5700 again IMHO.
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