Best Thread Live Cable Trading
Who can figure it some weeks!
I've had a good one, just done the figures and 163 pips on cable and 42 on EUR.
Mainly been trading retracements on the 5 min while deciding direction based on 48 hour pivots.
Also spent a fair part of the week laughing outloud at the 7th signal trader (has this guy got a case of the verbals or what!).
Have a good weekend all.
I've had a good one, just done the figures and 163 pips on cable and 42 on EUR.
Mainly been trading retracements on the 5 min while deciding direction based on 48 hour pivots.
Also spent a fair part of the week laughing outloud at the 7th signal trader (has this guy got a case of the verbals or what!).
Have a good weekend all.
coolTrader
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Ripcord said:
that is quite good considering. One thing I did learn is never say it is late in the day after waiting all afternoon yesterday what time did the move start and finish!
Have a good weekend
tradesmart
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Good to see that the 400 pip ‘measured move’ anticipated from 8th Feb, based on the upper triangle height has played out to target –
Now cable is testing a breakout from the recently formed 290 high lower triangle, which suggests a move up to the 1.7720 area may be on the cards.
The dollar index has filled its new years gap now and looks to be ready for a retracement…the strong dollar/ongoing interest rate hike story seems to be wearing a bit thin…..
Now cable is testing a breakout from the recently formed 290 high lower triangle, which suggests a move up to the 1.7720 area may be on the cards.
The dollar index has filled its new years gap now and looks to be ready for a retracement…the strong dollar/ongoing interest rate hike story seems to be wearing a bit thin…..
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TraderPattern
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This is an interesting thread. Although I don't trade cable (since I am a professional equities trader), I always enjoy reading about areas outside of my own expertise. Well done and keep it up.
Another live cable trading thread:
http://www.moneytec.com/forums/showthread.php?t=18741&page=1&pp=8
http://www.moneytec.com/forums/showthread.php?t=18741&page=1&pp=8
trendie said:
Sure was... but yet again you note he's up on the month still....
The results of 02/17:
EUR/USD:
short at 1.1867, stopped out by SL, result -28 pips
long at 1.1895, stopped out by moved SL, result 0 pips
long at 1.1893, stopped out by moved SL, result 0 pips
GBP/USD:
long at 1.7376, stopped out by SL, result -34 pips
short at 1.7342, stopped out by SL, result -34 pips
short at 1.7334, stopped out by SL, result -55 pips
long at 1.7389, stopped out by SL, result +31 pips
Total for the day: -120 pips
Total for this month: +153 pips
Hans
neil
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any knowledge/experience of...?
anyone come across www.easy2forex.com ?
I got the site from page 17 of todays "The Business" Sunday newspaper
anyone come across www.easy2forex.com ?
I got the site from page 17 of todays "The Business" Sunday newspaper
TheBramble
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Monday, February 20th 2006
Daily is down. But possibly at the bottom of a symmetrical triangle.
Hourly is down. But possibly at the top of a symmetrical triangle.
5min is ploughing a steady path along the 440/447 tramline.
Outer range limits (for me) today are 7408 and 7479. I'll be range playing within these levels and BO on confirmed action (either tick pressure or re-test).
The 'danger' of 'seeing' triangles or any other formation where none really exist is really one of the arts of TA. Not 'seeing' them in the first place - but letting them go once you have in order to allow only the price and time (ah volume, wherefore art thou volume?) make their impression upon you.
Otherwise, in this instance, I'd have a Bullish outlook overall for the trading day (to 21:00 GMT) and a Bearish outlook for the next few hours. Which may well be spot on (no pun intended), or not. But 'knowing' it is one thing - trading it quite another.
Good trading.
Daily is down. But possibly at the bottom of a symmetrical triangle.
Hourly is down. But possibly at the top of a symmetrical triangle.
5min is ploughing a steady path along the 440/447 tramline.
Outer range limits (for me) today are 7408 and 7479. I'll be range playing within these levels and BO on confirmed action (either tick pressure or re-test).
The 'danger' of 'seeing' triangles or any other formation where none really exist is really one of the arts of TA. Not 'seeing' them in the first place - but letting them go once you have in order to allow only the price and time (ah volume, wherefore art thou volume?) make their impression upon you.
Otherwise, in this instance, I'd have a Bullish outlook overall for the trading day (to 21:00 GMT) and a Bearish outlook for the next few hours. Which may well be spot on (no pun intended), or not. But 'knowing' it is one thing - trading it quite another.
Good trading.
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TheBramble
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Come on JT, can't deny me a bit of opportunistic advertising revenue can you?
(Cheque to normal address please)
(Cheque to normal address please)
