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cablemonster
out for -11.0
anyone trading cable 2013 - lets roll
- Thread starter cablemonster
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- Watchers 11
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cablemonster
just couldnt make it through the 78's, market talk of 'asian sovereign' on the bid there, shame as price would have ran down to 62's I am sure, the 28th Nov low.
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cablemonster
long 1.6000.1
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cablemonster
20 pips stop might cut it earlier
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cablemonster
out for -13.7 grrrr
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cablemonster
that was a very poor trade, done for the day before I give any more back.
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cablemonster
just looking at my 15m chart, cable is completely undecided about what to do next.
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cablemonster
short at 98.9 crazy tight stop
bbmac
Veteren member
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Messy pullback from deeper in that previous daily swing lo and 3 fib cluster (2 of which shown on daily chart attached, 85.4% 5916-6349 not shown.) Downside breech of the steepest ascending daily/weekly trend line in that move down from the previous pullback hi at 6054 to current daily lo @ 5974. 3rd LL on this daily t/f now although last not a fractal swing yet - but I wonder how bearish it is overall ? Time will tell.
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cablemonster
out for -15. that sucked
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cablemonster
short @00.9
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cablemonster
better entry that time and quick bearish push
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cablemonster
stop moved to +0.1pips cabin doors to manual, crosscheck.
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cablemonster
pay attention to what time of day it is with cable. London/NY lunchtimes often see time based moves, just what I have observed over the years innit.
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cablemonster
possible risk off reversal here in the S&P and euro looks bearish, let's see how this plays out
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cablemonster
euro pulling cable down here
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cablemonster
I look around at other instruments and it's hard to match the volatility of cable. Something like crude oil would come close, both cable and crude can bust 20 pips a minute no problem, 50 pips an hour is not uncommon. each instrument is nuanced though, you see time based moves throughout the day based on fixings, different participants, different flows. I would not attempt to trade oil unless I had a good handle on the flows, the inventories, that's a whole different ball game. Point is if you are a directional trader then choose a volatile instrument and get to know it inside out, to the point of obsession.
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cablemonster
30m bar close is very bearish a break of the 30m bar low would almost certainly see a test of the daily low. but it hasnt broken (yet)
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cablemonster
move stop to 90 to lock in some pips
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cablemonster
still in stop is manual, euro showing weakness that keeps me in trade here.
