anyone trading cable 2013 - lets roll

[cablemonster]

breakout or fakeout?

 

[cablemonster]

target here is 1.5893 Jan 21 high

 

[cablemonster]

G/L ]with the trade.

Late joining the party on that one ? - Re-test of the previous 1hr/4hr swing lo at yesterday's lo/50% 5267-6349, bids touted 5820-00 and great bullish div plays on 1min + down there - 5min shown below.

G/L

Hi Mate

yeah didn't want to trade earlier as I was so disgusted with myself, That last trade I had a 10 pip stop loss set and 30 pip take profit, it ran up to +30 and I removed the take profit as I thought it would run, it then proceeded to come all the way back and take me out for -10, I didnt change my stop to break even. The +30 would have taken my account to a new high. It really was the dumbest trade of the century so far.

 

[bbmac]

target here is 1.5893 Jan 21 high

makes sense - 23.6% 6179-5805 with 38.2% 6038-5805 there too.

G/L

 

[cablemonster]

cable fighting against bearish euro.

 

[cablemonster]

makes sense - 23.6% 6179-5805 with 38.2% 6038-5805 there too.

G/L

yeah and if it does hit say 92 remind me to take a profit and not let it come back for a loser

 

[cablemonster]

summary of news coming out of the euro - we are going to print money for ever and extends loans for ever, the euro will never fail it is safe now = risk on - bullish for euro/cable/equities. news wires awash with talk of more QE so far in Jan 2013.

 

[cablemonster]

if i continue to hold trades this long I will have to install a commode in my office.

 

[cablemonster]

stop to +0.1pips take profit @92s

 

[cablemonster]

if and when price reaches 93s I will consider a short as there is great confluence there but only if the price action looks good.

 

[cablemonster]

out for +0.1 grr

 

[cablemonster]

at 12.34pm offers were touted @ 1.5880 on MNI I saw it too late.

 

[cablemonster]

long 69.0 super tight stop

 

[cablemonster]

out for -13.2

 

[cablemonster]

long 65.8

 

[Talbs!]

Just bought some eurusd here at 1.3315 , more re hash of earlier sell off as states have come in, think we will be risk on come by the time we go home, target 1.3360 , sorry CM i know its not cable posi !

 

[cablemonster]

no worries Talbs. I have struggled today cable has been influenced a lot by euro, I am really hoping we can get risk on soon.

 

[Talbs!]

no worries Talbs. I have struggled today cable has been influenced a lot by euro, I am really hoping we can get risk on soon.

Been very whippy today , so maybe a case of smaller size larget stops? Im only buying eurusd as i dont like to buck the daily trend, as daily trend still up in eurusd that was my shout will stop out below 1.3250 !

Good luck, im looking for risk on aswell ! if not ill be Fingers crossed !

 

[cablemonster]

going for some lunch leaving a stop in at 55s take profit @92s

 

[Talbs!]

going for some lunch leaving a stop in at 55s take profit @92s

will try and get it to 92 for you befoerr you get back !