Cable 2010

[bedsit]

lol

i should have taken my own advice and stayed away but been me i didn't and ended the day down. Sometimes having to go to bed has its advantages!

It's best to avoid days like today - what a rubbish day for trend followers.

 

[trendie]

It's best to avoid days like today - what a rubbish day for trend followers.

GU has been manky, apart from the mornings first push, which was a decent 60 pips.
But, EJs sweet, one-way move has made up for GUs choppiness.
It was that noon-ish spike that threw the GU calculations out of whack.
In fact, one of the reasons why I play the two pairs.
(I know this thread is just for GU, but just a thought about smoothing equity curves.)

 

[bedsit]

Trendie,
you should have told us before. Had a look - nice move. I don't mind trading other pairs.

 

[trendie]

Trendie,
you should have told us before. Had a look - nice move. I don't mind trading other pairs.

Obviously, nobody could have known in advance GU was necessarily going to be choppy, nor that EJ would be a trender.
But, having another pair, reasonably non-correlated, allows you to get another bite.
As I mentioned, it's more to do with equity-smoothing. I have fewer really depressing days as a consequence.

 

[Alexbabwa]

eek within less of a pip of being stopped out... currently +1

stopped

 

[Vaco]

worked out GU = cable

whats EJ??

 

[Vaco]

having now looked at the chart for yesterday cable did eventually have its move to complete the range, just a bit late in the day for me. Even more frustrating it ended the day where i expected, i just got chopped about a bit just before the move.

 

[trendie]

worked out GU = cable

whats EJ??

EURJPY.
hope you all had a good week.

 

[Vaco]

thanks,

not great so far but still in profit so shouldn't really complain. today will make or break the week, sitting on +80 at the moment.

 

[bedsit]

Looking for a trend change for a short.
For tops and bottoms catching need some chart research.

Short 685

 

[bedsit]

Looking for a trend change for a short.
For tops and bottoms catching need some chart research.

Short 685

out +30

may go for another short - I'll see how far it pulls back

another short 648

 

[bedsit]

out +30

may go for another short - I'll see how far it pulls back

another short 648

out +25

same thing - waiting for another short

can see going to 600 and 580 maybe

didn't have time to post short 618 +18

now reached S1 (601) may go up, but short term trend is down

 

[Vaco]

days range is done, i missed it. i'm done for the week gl every one.

 

[bedsit]

days range is done, i missed it. i'm done for the week gl every one.

I'll take a break - maybe later on wait for a trend change. Tempting to take one more short if it breaks below 597

I'm in it - doesn't look promising, may close it to b/e or small profit - out b/e

 

[Alexbabwa]

im waiting to buy off that 530 - 560 area or sell at 510

 

[bedsit]

im waiting to buy off that 530 - 560 area or sell at 510

What time frame are you looking at Alex?

 

[Alexbabwa]

15m. A question im asking myself is, is the consolidation period over, has enough time passed? the daily would suggest we are getting close, perhaps next week?

 

[bedsit]

Looked at the chart again. It seems to me it can reach 560 (that would be 180 pips from the high of the day)

 

[bedsit]

Looking for pos trend change next 20 min. May go for a long if it happens.

 

[leovirgo]

cable, so far, is a non set up for me.