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cablemonster
short 53.4 not risking more than 5 to 8 pips on this.
anyone trading cable 2013 - lets roll
- Thread starter cablemonster
- Start date
- Watchers 11
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cablemonster
the current driver of market sentiment is this market chatter that france could be downgraded (again), as this filters to more participants, markets will move to risk off which is generally bearish for cable.
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cablemonster
this is a good risk reward trade here with a tight stop. If it deosnt drop I will cut it without thinking, without emotion, just take the small loser.
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cablemonster
option expiries reported for the 15.00 GMT cut
1.6050 / 1.6040
1.6050 / 1.6040
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cablemonster
out for -8.6. french confirm downgrade threat is untrue
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cablemonster
will buy if breaks top of this 5m bar close
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cablemonster
long 64.5 will risk 10 pips max
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cablemonster
out for -9.9 pips
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cablemonster
short 52.1 max risk 10 pips
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cablemonster
this will be my last trade of the day, I can sense I am in danger of overtrading, lets see how this short plays out
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cablemonster
option cut 1.6050 in 5 mins
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cablemonster
also reported option @ 1.6040 in 2 mins. double target???
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cablemonster
bearish sentiment in equity markets = bearish sentiment for cable
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cablemonster
stop moved to +0.1 pips.
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cablemonster
other markets showing signs of risk off move across the board
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cablemonster
market chatter bomb threat in NYC
update - NY bomb squad calls of units, no threat
update - NY bomb squad calls of units, no threat
Last edited by a moderator:
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cablemonster
the S&P led that new risk off break , followed by FTSE then euro then cable.
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cablemonster
the market is dithering at the session low, this is a good sign, no sharp rejections. holding here for a cricket score.
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cablemonster
next target is 20's where there will be some buyers @ yesterday low. will see how price reacts as and when it gets there.
