Cable 2010

[bedsit]

long 930 stop 908

out -22 That's it for today

 

[nunrgguy]

Typing this late, didn't catch all of move yesterday got a +32 and a -6.

Looks like good volume at the end of Frankfurt.

In now, short, 48783 @ 6:58, stop 20, currently about 7 up.

 

[nunrgguy]

Looking oversold already, may pull back a while, moved stop up to take a small loser and then wait for re entry, still in waiting to get stopped

 

[Vaco]

y not just close it now if thats your gut feeling?

 

[nunrgguy]

I don't go with my gut. Stops now around -8, don't think it will get hit by 7:30, see what the next quarter brings.

 

[nunrgguy]

Out -8.4. Waiting for the re-entry south

 

[Vaco]

fair enough, just the way that you said you were waiting for your stop to get hit made it sound like your view on the short term price action had changed, if thats the case then surely its better to get out . imho anyway

 

[nunrgguy]

Overall hasn't changed, still south but looks like a retrace atm. Unfortunately you can't guess where the retrace will exactly end. I cut losers quick i.e. if initial stop is 20 or so it's very rare it gets hit but on the other hand if I've already moved stop to, say -10 and then based on price moving towards it I close to save a few pips I've seen it too many times where price comes within a couple of pips of the stop then blasts away to close any earlier. Likewise I've seen markets that look oversold, as this one does then turn and move another 60 pips south.

Too much gut = 2nd guessing yourself.

 

[Alexbabwa]

short half stake at 42
out -19

 

[bedsit]

It's been in an up trend since 7am (short term tf).May wait for a pull back and long entry (unless it's a massive pull back)

 

[Alexbabwa]

short 64 at full stakes

out for +20

 

[bedsit]

short 64 at full stakes

out for +20

Good you took profit - I still think it's an up trend although bit indecisive

 

[Alexbabwa]

84 was a good resistance point. Would not be suprised to see a trend reversal from there. Having said that cable is oversold so much on the daily

 

[bedsit]

Going flat now

 

[Alexbabwa]

short 86
out +20

 

[bedsit]

short 86

Funny - I was thinking about short at 86 but didn't manage to open it.

 

[Alexbabwa]

may be another opportunity in a sec...

 

[nunrgguy]

In short 49323, stop already be+1

 

[bedsit]

Did a short following 20pips a day keeps stress away - don't do it every day, but today was a success

 

[nunrgguy]

Out +12 @ 49203