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Cable Update (GBPUSD)

  • #389,041
  • Jul 25, 2014 11:58am Jul 25, 2014 11:58am
Quoting Nate04
I'm considering closing my trade. Its in + pips, although not the 2:1 ratio I look for. But I really don't want to carry it over the weekend, and I won't be around on Monday either, as I got a 3 day vacation coming up. hmmmm... what to do, what to do? Edit: I closed it. I got 1:1, 2% win which is suitable I suppose. Not ideal, but I really don't want to wreck my mini vacation worry about trades. Final week totals... 2 wins, 0 losses, 6% balance increase this week.
If I may quote you.....

Always better than being in the red!
Ghost Rider - WWTBMD?
  • #389,042
  • Jul 25, 2014 12:09pm Jul 25, 2014 12:09pm
Quoting albchr
{quote} If I may quote you..... Always better than being in the red!
This is true. Thanks.

Feels like I couldn't have had a better last 2 weeks if I tried posting my trades on here. They won't all be winners like this. There inevitably will be some losses. But I do believe my plan has really came together though, and has given me a slight edge, which is really all I can ask. Have a great weekend Chris, and since I'll have limited access on Monday, I hope you score some green pips!
  • #389,043
  • Jul 25, 2014 12:21pm Jul 25, 2014 12:21pm
Quoting Nate04
{quote} This is true. Thanks. Feels like I couldn't have had a better last 2 weeks if I tried posting my trades on here. They won't all be winners like this. There inevitably will be some losses. But I do believe my plan has really came together though, and has given me a slight edge, which is really all I can ask. Have a great weekend Chris, and since I'll have limited access on Monday, I hope you score some green pips!
Thanks Nate, have a great weekend
Ghost Rider - WWTBMD?
  • #389,044
  • Jul 25, 2014 1:00pm Jul 25, 2014 1:00pm
Just for fun, lets see if it can close around 1.7054......
  • #389,045
  • Jul 25, 2014 1:06pm Jul 25, 2014 1:06pm
Quoting Mr. Scott
{quote} Hi I'm Earth, have we met? I don't think so, but will have a look as we get closer....
Have you been drinking ??? lol
  • #389,046
  • Jul 25, 2014 1:07pm Jul 25, 2014 1:07pm
Quoting cspip
Just for fun, lets see if it can close around 1.7054......
I think will make a LL before close
A good trader follows his rules, but great trader knows when to break them
  • #389,047
  • Jul 25, 2014 1:08pm Jul 25, 2014 1:08pm
fat lady is still singing ???
  • #389,048
  • Jul 25, 2014 1:12pm Jul 25, 2014 1:12pm
Quoting cspip
Just for fun, lets see if it can close around 1.7054......
As much as this is music to my ears, it's highly unlikely for today's close....close above 1.7000 be more than enough...

Having said that, hey, I really digg the sound of that...


If you're trading futures, indexes setting to reverse as well.
Hear the music before the song is over ...
  • #389,049
  • Jul 25, 2014 1:17pm Jul 25, 2014 1:17pm
Quoting elbert3
{quote} Have you been drinking ??? lol


Sorry not yet, just an allusion to a movie and the fact that expectations seems a little too high, but will try to see if I can figure anything out as we get closer to data.


Inserted Video
The world you desire can be won. It exists.. it is real.. it is possible..
  • #389,050
  • Jul 25, 2014 1:22pm Jul 25, 2014 1:22pm
Quoting ill_be_back
{quote} I think will make a LL before close
For this to continue its DOWN move next week, If it closes above 1.7022 then the down move is OVER
A good trader follows his rules, but great trader knows when to break them
  • #389,051
  • Jul 25, 2014 1:26pm Jul 25, 2014 1:26pm
Quoting ill_be_back
{quote} For this to continue its DOWN move next week, If it closes above 1.7022 then the down move is OVER
If it closes above 1.7, that would be a huge step already, since its been super strong resistance all day. Looks like I was right with the boring range today, but at least bears calmed down. Day didn't close yet, so we have to be patient, anything can happen.
Everyone can see the chart, but only a few can actually read it.
  • #389,052
  • Edited 1:37pm Jul 25, 2014 1:27pm | Edited 1:37pm
Quoting GlobalMacro
{quote} As much as this is music to my ears, it's highly unlikely for today's close....close above 1.7000 be more than enough... Having said that, hey, I really digg the sound of that... If you're trading futures, indexes setting to reverse as well.
oh my god........i keep doing that....sorry....meant 6954...and if not 6954 then 6988.......got used to typing seventy as its been in the seventies for erm so long............plus this hot weather is getting to me

  • #389,053
  • Jul 25, 2014 1:34pm Jul 25, 2014 1:34pm
If it even makes 6990 I'll be surprised. It well could, but I'll be surprised.
Ghost Rider - WWTBMD?
  • #389,054
  • Jul 25, 2014 1:42pm Jul 25, 2014 1:42pm
Quoting cspip
{quote} oh my god........i keep doing that....sorry....meant 6954...and if not 6954 then 6988.......got used to typing seventy as its been in the seventies for erm so long............plus this hot weather is getting to me
lol, no problem...you were right about the number though. It will come...only prolly not today.
Hear the music before the song is over ...
  • #389,055
  • Jul 25, 2014 1:44pm Jul 25, 2014 1:44pm
Quoting albchr
If it even makes 6990 I'll be surprised. It well could, but I'll be surprised.

is there any chances next week to go back around 7050 ...in any technical form ?
  • #389,056
  • Jul 25, 2014 1:53pm Jul 25, 2014 1:53pm
Quoting sami4240
{quote} is there any chances next week to go back around 7050 ...in any technical form ?
If you don't believe it, don't trade it. And if you already entered a long, I guess you had a reason, correct? Don't want to be an ass, but if you enter a trade, you should know why and have an exit strategy, if it doesn't work out.
Everyone can see the chart, but only a few can actually read it.
  • #389,057
  • Jul 25, 2014 2:00pm Jul 25, 2014 2:00pm
Quoting sami4240
{quote} is there any chances next week to go back around 7050 ...in any technical form ?
Sure. It can do anything it wants. I rather hope it does (even 7084) for a nicer short. But won't know until I can see and follow PA at that time.
Ghost Rider - WWTBMD?
  • #389,058
  • Jul 25, 2014 3:20pm Jul 25, 2014 3:20pm
overtime now will we get a last min move ,, tp 953 just in case and 917 ??? could get hit, on the other hand sell order 5 lots 7017
  • #389,059
  • Jul 25, 2014 3:54pm Jul 25, 2014 3:54pm
Quoting sami4240
{quote} is there any chances next week to go back around 7050 ...in any technical form ?
NO
A good trader follows his rules, but great trader knows when to break them
  • #389,060
  • Jul 25, 2014 3:58pm Jul 25, 2014 3:58pm
Quoting sami4240
{quote} is there any chances next week to go back around 7050 ...in any technical form ?
implied probability of being above 1.705 on spot week is ~23.1%, log normal 24.3%
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