Cable 2010

[Alexbabwa]

thought i was going to be in negative figures for a second, went short on a 38% fib pullback at 25 and it exceeded 50%. Im not too confident in fibs on short timeframes

 

[bedsit]

Started a bit late today. Can't see any set ups at the moment, bias towards long. I'll see if 9:30 report does anything.

PS that was a quick up move. Anyway I don't trade around report time, so nothing there. I'll wait patiently for a nice entry.

 

[bedsit]

long 15024 stop 15008

out +26

 

[bedsit]

It's been really choppy - did only few short time trades. Tempting to put a limit long above the day's high - only thing that's quite close to R1 (15084).

 

[nunrgguy]

Cable's all wrong for me today, pulled a bit out of Euro earlier but probably going to sit GU out for the duration.

 

[Alexbabwa]

Im still getting used to using GFT. Had a stop at 952 and as i didnt cancel it it triggered a buy over night +80 pips. Hope i never forget to cancel stops again

 

[bedsit]

Just found a thread - My journal at a Prop house. The guy is trading Cable and EU using break out system. He posts charts and explanations. Looks quite good.

 

[Alexbabwa]

been short from 61 but its just not shifting..

out at +1 looking to short again

 

[bedsit]

on 15m chart I can see sort of ascending triangle formation, so would expect price to shoot up if it breaks day's highs

quick +40

 

[Alexbabwa]

Im off for today, over 100 pips though 80 of them were by accident.. lol

 

[bedsit]

Im off for today, over 100 pips though 80 of them were by accident.. lol

It was a +80 accident. I don't mind that sort of accidents.

 

[bedsit]

May go long if it breaks last high at 62.7
Hourly trend is down and 15m flat at the moment.

quick +20 there

PS waiting for rate decision at 12 UK, 12:45 EC - than US report at 13:30
All this may cause lot of strange moves.

 

[Alexbabwa]

short at 104

 

[bedsit]

short at 104

Are you still in Alex?

 

[Alexbabwa]

yep, came within half a pip of my limit of +20 lol stop at breakeven now

stop moved to +10 limit order cancelled 13:31

out +10

 

[bedsit]

yep, came within half a pip of my limit of +20 lol stop at breakeven now

stop moved to +10 limit order cancelled 13:31

out +10

Difficult to know - my bias is long - I'll wait for 30 mins. 4h, 1h and 15m trend is up.

 

[Alexbabwa]

Yeah i agree, think it will hit at least 130, news just out at 13.30 though so will wait another ten minutes before going long, if i can get in near the pivot

 

[bedsit]

long 100 stop 72

out +30

 

[Alexbabwa]

long 95 at half stake, looking to fill rest of stake around 85 to give me a position of 90

scrap that wasnt happy with position took +5 pips ( really 2.5)

 

[Alexbabwa]

really bounced off that resistance, considering a short