Cable 2010

[bedsit]

Missed that quick break at 7AM- didn't meet my criteria anyway, would have had to have broken rules to catch it.
How I look at things now, 4 hr and 1 hr trendlines broken north (I don't use straight ones), waiting for other criteria to be met, if they do, possible long 155790 ish

👍

Nguy,
it's more important to stick to the rules than to miss a trade IMHO

PS I prefer shorts as price is already at R2 (563) area. Also - I'll go for a short only if trend changes.

PPS IMO maybe there is a trend change - only I don't like size of the stop - needs to be above 580

 

[bedsit]

+ 30 from that fast move - didn't have time to post it

Now tricky - trend is down, only it's near S1 (459). May go for a speculative bottom catching near previous day low (round 440)

 

[nunrgguy]

+ 30 from that fast move - didn't have time to post it

No trade here - still didn't meet crit. for me. They keep me out of a fair few choppy situations but I'll miss the occasional move like this where they conflict.

Should be in now though at 55960 but too busy typing....

 

[Alexbabwa]

im long at 460, didnt catch any of the short. stop at 430

 

[bedsit]

long 450 stop 428

out -22

 

[nunrgguy]

long 450 stop 428

what you trading off bedsit - 5min? my bias still short now.

 

[bedsit]

Most of the time 15min. This trade is speculative (against the trend) - trying to catch the bottom (previous day low) - doesn't look good at the moment (strong down momentum)

PS It was a losing trade. Now waiting for a trend change. Wouldn't go for another bottom catching - it's against my rules to go twice for bottom catching. Also if I have 2 losing trades, I can't trade for the rest of the day (again - against my rules)

 

[nunrgguy]

In short 1.54309 stop 1.54556...looking a bit pants

 

[nunrgguy]

Stop to 1.54435

 

[bedsit]

Stop to 1.54435

What's your target Nguy?

 

[nunrgguy]

Stop to 1.54289

 

[nunrgguy]

I don't believe in targets. I just trail. Unfortunately I'm probably going to have to take this one off the board before I should as I have to be somewhere else..bah!

 

[nunrgguy]

Knowing I was leaving the building I think I should have trailed based on the 5min or taken the profit rather than on the 15 as I usually do. Going to have to leave it now with momentum moving to the upside on the 15 and stop at +2. I expect to be stopped out for that.

Laters

 

[bedsit]

Looking for a trend change and a long - may happen next 30 min (at the moment trend is still down)

Hasn't happened as yet. I'll wait - trying to exercise my patience.
IMO without it no chance of winning in trading

 

[bedsit]

long 430 stop 403

out +30 (that was a roller coaster ride - came 2.8 pips to the stop)😱

 

[bedsit]

I'll go for another long
limit long 464 stop 438

out +6 (don't want to overtrade today)

 

[nunrgguy]

Short 1.54379 stop 1.54590

 

[nunrgguy]

Out for +3

 

[bedsit]

I can't find a good trade set up at the moment. Bias towards long. Pivot is near by (471).
Waiting for a trend (at the moment no direction) - don't feel like tops and bottoms catching.

 

[nunrgguy]

I can't find a good trade set up at the moment. Bias towards long. Pivot is near by (471).
Waiting for a trend (at the moment no direction) - don't feel like tops and bottoms catching.

I'm biased short atm but no set ups - 4 hour and 1 hour are both down