Cable 2010

[bedsit]

limit short at 187 min stop

went pear shaped (came 0.2 pip to the stop) - may close it at b/e or a small profit/loss

out b/e

PS difficult to know which way to go - short time trend down, but there is a trend line (I drew earlier) at round 160 and S1 157

 

[JER08]

longed 5225 stop 5170.

 

[bedsit]

longed 5225 stop 5170.

JER,
do you have a target?

 

[JER08]

No,not yet, let's see if it get stopped out first.

 

[bedsit]

I missed that nice long opportunity - too late now. Don't feel like catching tops.
Tomorrow's Friday - Poet's day.

PS As I managed to make more than 10% on my account for the last 3 days, I'll give it a miss tomorrow. One of my rules - more than 10% in a week, I take a break - similarly more than 5% loss good time to take a break.

 

[bedsit]

longed 5225 stop 5170.

Hi JER.
Have you managed to get +150 or more?

 

[JER08]

Hi bedsit.
No, still in.
It was meant to be a swing trade so will let it run, I am not very good at picking tops, or bottoms.

 

[bedsit]

Hi bedsit.
No, still in.
It was meant to be a swing trade so will let it run, I am not very good at picking tops, or bottoms.

Good one Jer
Nice patience

 

[bedsit]

So far I haven't found any set ups today. Not very good pa for my style of trading.
I'll see how it goes after NY open.

IMO cable's a bit nervous at the moment - doesn't know where to go, but when it does may go nicely.

 

[Alexbabwa]

nervous is the word. Bought off the 400 line and got stopped out. Going to have to take a break over the next 2 weeks so i can finish up my dissertation

 

[bedsit]

nervous is the word. Bought off the 400 line and got stopped out. Going to have to take a break over the next 2 weeks so i can finish up my dissertation

If it continues like today, it may be a good thing (not to trade)

Good luck with the dissertation.

 

[bedsit]

Yet again - similar to yesterday. No set ups for me at the moment.
Favour long - 409 looks like a top of sort of flag formation) If that's the case would expect it to go to near R1(455)

While I was writing this, price went down and it spoiled it a bit.
Could be a warning to stay out of the market today as well.

 

[bedsit]

May go for a long if it goes above 410

Long 408 stop 388

1/2 out at 428 - another half - free ride

if it doesn't hit the stop, would expect it to go to 455 at least

1/4 out at 432 - no harm in taking some profit instead of b/e

moved stop to 408

stop to 428

stop to 438

stopped at 438

 

[bedsit]

waiting for another long (if it breaks above 450)

May wait for some time by the look of it

PS Change of trend - short term trend is down, so may look for a short opportunity

No time to post - short at 394

that was quick - complete out at 374 (too early exit, should have exited only 1/2)

 

[bedsit]

Can't find any good trades - up and down moves at the moment are too short for me to trade.

 

[JER08]

Seems to me still holding onto the uptrend......

 

[bedsit]

Seems to me still holding onto the uptrend......

IMO may go further up if it can stay above 450

Is it going to take off like a missile (above 450) or fall like a stone?

 

[bedsit]

No trades so far - may look for set ups after 14:00
At 13:30 US retail sales and cpi. Later today Bernanke speaks to Congress

I'll go for a 12:00 - 14:15 range break out with a small stop. Can't think of anything better.

out at 480 +20

may have been an early exit but 485 (high from 12/4) looked like a resistance

 

[Alexbabwa]

short 465, seems to be trending really well today
stop 480 just above trend line
out - 15, fiddlesticks

 

[Black Swan]

short 465, seems to be trending really well today

Ya think, on what TF buddy?