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Cable Update (GBPUSD)

  • #358,321
  • Jan 13, 2014 10:14am Jan 13, 2014 10:14am
Quoting GlobalMacro
{quote} So far I'm very pleased with the long position, things slowing down now.....will carry the position over the weekend with these parameters unchanged: LONG @ 1.6414 S / L : 1.6370 T / P : OPEN Cable now 1.6484 Today's High: 1.6517 P&L : + 70 pips





Looks like I'm not the only one posting trades after all...

I didn't get a long entry... Too bad, pulled 72 pips out of cable today but should have gotten more by letting small parts of my trades run longer. Example: take 70% of trade after 30 pips, 20% at 2nd Target and letting the rest run.

I know why I didn't, as I was bullish biased, I posted this morning that all shorts would be short term trades.

I stuck to my plan, and that's all one can do. If the market then continues on further than you thought, so be it.

Have a great evening Boys and Girls, I'm done for today...

4 trades: 1 BE / 1 loss of -3 / 2 winners of 41 and 30 pips.
@pawpaw1000 on Twitter
  • #358,322
  • Jan 13, 2014 10:22am Jan 13, 2014 10:22am
If GU doesn't touch 1.6392 it's going to be a bad sign for the bulls.
  • #358,323
  • Jan 13, 2014 10:27am Jan 13, 2014 10:27am
I sold last night at just over 6490 and had planned to buy on the way down, but decided against it.

Fortunate I suppose.

Now I need to find me another good long entry.
  • #358,324
  • Jan 13, 2014 10:34am Jan 13, 2014 10:34am
Quoting nAVIN2007
{quote} Im short long term..this trade for me is a real test..i need to make at least 2k a month from this (trading)..and i cant do it trading light..so in the attempt to find a balance..i have basically messed up by going in with multiple position..accumulating a positon size of around £5 a point which for is the largest position i have ever had live..i need this work out for my carhonass to grow 1.55 would see me out of trouble.. but i see a possibility also 1.50 then bull or 1.3 area..and i dont know which of these is more favorable..it...
That figures....I knew someone big was selling heavy....
Hear the music before the song is over ...
  • #358,325
  • Jan 13, 2014 10:36am Jan 13, 2014 10:36am
Cable target met for today. Now what to say on this...?

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmh4.png Size: 43 KB
  • #358,326
  • Jan 13, 2014 10:43am Jan 13, 2014 10:43am
Quoting GlobalMacro
{quote} That figures....I knew someone big was selling heavy....



Nav added another Pound per pip to screw us all.
  • #358,327
  • Jan 13, 2014 10:43am Jan 13, 2014 10:43am
Closed all orders in 1 account
Moved my primary account all shorts to 6390 SL
Would not mind going up again and shorting again.
+302pips on 6orders
In trading, you have to be defensive and aggressive at the same time
  • #358,328
  • Jan 13, 2014 10:48am Jan 13, 2014 10:48am
Quoting GlobalMacro
{quote} That figures....I knew someone big was selling heavy....
just trying to follow yur foot steps bro!!
  • #358,329
  • Jan 13, 2014 10:52am Jan 13, 2014 10:52am
Quoting TauTrader
{quote} Nav added another Pound per pip to screw us all.
Hear the music before the song is over ...
  • #358,330
  • Jan 13, 2014 10:52am Jan 13, 2014 10:52am
Quoting Davit
Closed all orders in 1 account Moved my primary account all shorts to 6390 SL Would not mind going up again and shorting again. +302pips on 6orders
Nice work.

That pattern you posted was a great call.
  • #358,331
  • Jan 13, 2014 10:57am Jan 13, 2014 10:57am
Quoting el_duende
{quote} Nice work. That pattern you posted was a great call.

Thank you El D
Accounts are growing on nice fast pace.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 15 KB
In trading, you have to be defensive and aggressive at the same time
  • #358,332
  • Jan 13, 2014 10:59am Jan 13, 2014 10:59am
Quoting nAVIN2007
{quote} just trying to follow yur foot steps bro!!
LOL......I see....

Bro if you don't mind, let me know when you're finished selling so I can start buying....deal???
Hear the music before the song is over ...
  • #358,333
  • Jan 13, 2014 11:07am Jan 13, 2014 11:07am
Retail shorts dropped from high 75% to 66%
Nice.More longs the better
In trading, you have to be defensive and aggressive at the same time
  • #358,334
  • Jan 13, 2014 11:23am Jan 13, 2014 11:23am
Quoting GlobalMacro
{quote} LOL......I see.... Bro if you don't mind, let me know when you're finished selling so I can start buying....deal???
its gonna be a while bro!!
  • #358,335
  • Jan 13, 2014 11:26am Jan 13, 2014 11:26am
Price re-entering lower hourly channel line

Cable now 1.6382 Today's Low : 1.6347

Placing a buy order:

BUY LIMIT : 1.6379


S / L : 1.6317


T / P : OPEN
Hear the music before the song is over ...
  • #358,336
  • Jan 13, 2014 11:37am Jan 13, 2014 11:37am
Quoting GlobalMacro
Price re-entering lower hourly channel line Cable now 1.6382 Today's Low : 1.6347 Placing a buy order: BUY LIMIT : 1.6379 S / L : 1.6317 T / P : OPEN
Cable now 1.6376 = BUY ORDER FILLED @ 1.6379

LONG @ 1.6379


S / L : 1.6317


T / P : OPEN



GBP/USD - H1
Attached Image
Hear the music before the song is over ...
  • #358,337
  • Jan 13, 2014 11:41am Jan 13, 2014 11:41am
Quoting GlobalMacro
Chart re-entering lower hourly channel line Cable now 1.6382 Today's Low : 1.6347 Placing a buy order: BUY LIMIT : 1.6379 S / L : 1.6317 T / P : OPEN
if done, taking overnight-risk? modern times...

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fortis fortuna adiuvat
  • #358,338
  • Jan 13, 2014 11:42am Jan 13, 2014 11:42am
Trend is your friend until it stops being a trend...
food for thought 70% Forex is in a range
In trading, you have to be defensive and aggressive at the same time
  • #358,339
  • Jan 13, 2014 11:45am Jan 13, 2014 11:45am
Hi G how do you feel about eur gbp now ?

Quoting GlobalMacro
{quote} Cable now 1.6376 = BUY ORDER FILLED @ 1.6379 LONG @ 1.6379 S / L : 1.6317 T / P : OPEN GBP/USD - H1 {image}
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #358,340
  • Jan 13, 2014 11:47am Jan 13, 2014 11:47am
Quoting nAVIN2007
{quote} its gonna be a while bro!!
Darn....

OK

taking her up for you so you can sell some more overhead.......sounds good right..?.......
Hear the music before the song is over ...
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