anyone trading cable 2013 - lets roll

[BeginnerJoe]

no order book exists BJ.

Well when I built an equities trading system I had an order book to base the trades on. I don't see why forex would be different.

Anyway, here's my running trade. I won't be adding to it. I will be nursing it with a 1 pip manual stop until I attain a larger margin. High probability this will not be a looser.

 

[cablemonster]

dont rule out the short squeeze just yet.

 

[cablemonster]

Well when I built an equities trading system I had an order book to base the trades on. I don't see why forex would be different.

I think you are tugging my chain BJ.

 

[BeginnerJoe]

dont rule out the short squeeze just yet.

I think it came and gone and you missed the boat . They have no need to squeeze hard since the price will go back to the high in due time. My guess it's going to the low for now.

 

[brewski1984]

I'm getting tempted to short from 1.5825 if it gets there again. I'm not sure I really want to open another trade I've got 2 going at the moment and I'll probably end up getting raped from NFP tomorrow.

 

[cablemonster]

I think it came and gone and you missed the boat . They have no need to squeeze hard since the price will go back to the high in due time. My guess it's going to the low for now.

lol. I didn't miss any boat BJ as I only enter when price hits an area of extreme confluence.

 

[cablemonster]

I'm getting tempted to short from 1.5825 if it gets there again. I'm not sure I really want to open another trade I've got 2 going at the moment and I'll probably end up getting raped from NFP tomorrow.

interested to know why 1.5825 mate?

 

[BeginnerJoe]

interested to know why 1.5825 mate?

Maybe that is an area of extreme confluence ?

 

[brewski1984]

interested to know why 1.5825 mate?

It's where I went long from last time hoping for the nov 2012 low to hold. Now I'd be hoping it's changed from support to resistance and a nice entry to get short.

 

[cablemonster]

It's where I went long from last time hoping for the nov 2012 low to hold. Now I'd be hoping it's changed from support to resistance and a nice entry to get short.

i will be short with you from 40 or 50 depending on the what happens if and when we get there.

 

[BeginnerJoe]

The bulls are getting all very excited at 50% pull back.

 

[cablemonster]

It's where I went long from last time hoping for the nov 2012 low to hold. Now I'd be hoping it's changed from support to resistance and a nice entry to get short.

yes of course what a muppet I am, yeah that 25 area is a that prev daily swing low.

 

[BeginnerJoe]

Exited +2 to +7.

 

[cablemonster]

The bulls are getting all very excited at 50% pull back.

best take your small profit now as the retail shorts get squeezed dry.

 

[cablemonster]

Exited +2 to +7.

nice trade Joe and a smart decision to take a profit there lol.

 

[cablemonster]

I think it came and gone and you missed the boat . They have no need to squeeze hard since the price will go back to the high in due time. My guess it's going to the low for now.

i love the smell of humble pie in the morning. It's the smell of victory

 

[BeginnerJoe]

i love the smell of humble pie in the morning. It's the smell of victory

No humble pie there. I know the game. There's still no squeeze. They run me out, sure. But I still win with a few pips.

 

[cablemonster]

No humble pie there. I know the game. There's still no squeeze. They run me out, sure. But I still win with a few pips.

whistling:whistling

 

[brewski1984]

Gone short from 1.5830, stop is 100 points away. I can't handle the ups and downs of trading lower than the daily timeframe.

 

[brewski1984]

Ouch.