Cable Update (GBPUSD)

Quoting dean1star

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Long second position - waiting however for one more low - see if its tomorrow to bounce this move. Two long positions. Off home early too sunny Marbella on the 8pm flight. See how the trades work out.

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Quoting Wdfx

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{quote} Safe flight Dean

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Quoting Sammih

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{quote}

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Quoting Sammih

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{quote} First, I don't know where cable is going, neither do you. Second, you miss the point completely, when I wrote that, price was above a well established trendline (TL) and technically , I was correct to indicate my target area in the 1.41 region. If you had followed the posts, price broke below that TL and most of us made some money on that move. In trading, things change in an instant and we have to be flexible. That said, your concern is noted. {image}

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Quoting Wdfx

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{quote} I also agree Sam. It should be noted we are all responsible for our own actions and the trades we make. Anyone can have an opinion and most are well intended but no one has a crystal ball and can predict where the world is going on any currency pair. Any one who comes on the forum for a free ride blindly following what is said without doing their own analysis is playing a dangerous game and is likely to fail. On any page you can find people who are predicting long and others who are predicting short. The irony is that both will be right,...

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Quoting Sammih

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{quote} First, I don't know where cable is going, neither do you. Second, you miss the point completely, when I wrote that, price was above a well established trendline (TL) and technically , I was correct to indicate my target area in the 1.41 region. If you had followed the posts, price broke below that TL and most of us made some money on that move. In trading, things change in an instant and we have to be flexible. That said, your concern is noted. {image}

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Quoting Wdfx

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{quote} I also agree Sam. It should be noted we are all responsible for our own actions and the trades we make. Anyone can have an opinion and most are well intended but no one has a crystal ball and can predict where the world is going on any currency pair. Any one who comes on the forum for a free ride blindly following what is said without doing their own analysis is playing a dangerous game and is likely to fail. On any page you can find people who are predicting long and others who are predicting short. The irony is that both will be right,...

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Quoting baldmonk

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{quote}...i know as i am one of the rookies, but the cardinal rule is to ALWAYS make the trading decision on your own..

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Quoting Wdfx

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{quote} Lets see if it can hold for the rest of the day and get back above 2975 area perhaps as far as 2995. That would give more confidence.

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Quoting HaLBot

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Unless strong push northward there will be offers at 3000....

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Quoting Wdfx

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{quote} He M8 you should be sleeping ...

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Quoting HaLBot

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It's up to you.... Do you want no pips if price returns to 2933 or do you want 40 pips?

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Quoting chiny-fx

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{quote} want mi pips -

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Quoting HaLBot

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{quote} But I can understand you don't want to close trade if price then goes above 3000 and you could make over a hundred pips So you could set your BE to a positive...an area where price will find it hard to retrace from....so you still make a profit if it does go backwards

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Quoting chiny-fx

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hey im new to this and wanted help with my stop - i got in at 12933 - would it be appropriate to break even now and let this run unti session closes

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