Best Thread Live Cable Trading
darktone
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Its all in how we view different timeframes, the smallest ill consider is 4hr.It suits me. i guess im longer term than most on here.
for me:-
higher highs and higher lows = uptrend
lower highs and lower lows = downtrend
simple!
should have also remembered also the folly in posting live trades!!! its a true jinx for me
for me:-
higher highs and higher lows = uptrend
lower highs and lower lows = downtrend
simple!
should have also remembered also the folly in posting live trades!!! its a true jinx for me
darktone said:Its all in how we view different timeframes, the smallest ill consider is 4hr.It suits me. i guess im longer term than most on here.
for me:-
higher highs and higher lows = uptrend
lower highs and lower lows = downtrend
simple!
should have also remembered also the folly in posting live trades!!! its a true jinx for me
If I worked with 4hr time frames to enter/exit, I don't think I could resist switching to a much shorter time frames to watch the trade develop
I believe you Jonny - I am short from 96 hence my question earlier about the trend.
I did not post my trade as I forgot at the time; I thought the thread was entitled Live Cable Trading............
By the way - what about starting a weekly thread - would it not make things a bit more organised?
I did not post my trade as I forgot at the time; I thought the thread was entitled Live Cable Trading............
By the way - what about starting a weekly thread - would it not make things a bit more organised?
JonnyT said:Would you believe me if I said I was short contertrend from 1.7793
The reason I shorted was because there is almost certainly going to be a countermove from the UK open going up a lot.
Downtrend now confirmed by break of 1.7760
JonnyT
JonnyT, does that mean your breakfast this morning ended in the trash can?
No, I didn't trade the Breakfast trade as the trigger point was more or less a trend reversal point to up. i.e. No clarity.
I also didn't take the trend change signal so missed a potential 60 pips there, countered by a potential loss of 30 on the Breakfast trade.
Another bit of bad news was the market hit my stop 1.7795 and immediatly reversed. I had taken half profits so got out with a +9 overall.
I'm currently running a quarter position of a short from 758 after taking some profits @40 and 38 following a loss of momentum.
Given my stop I should exit the day on at least +23 if the stop is hit.
All in all coulda, shoulda been better but even so I've exceeded my days objective of 20 pips so the family may have food on the table next month.
JonnyT
I also didn't take the trend change signal so missed a potential 60 pips there, countered by a potential loss of 30 on the Breakfast trade.
Another bit of bad news was the market hit my stop 1.7795 and immediatly reversed. I had taken half profits so got out with a +9 overall.
I'm currently running a quarter position of a short from 758 after taking some profits @40 and 38 following a loss of momentum.
Given my stop I should exit the day on at least +23 if the stop is hit.
All in all coulda, shoulda been better but even so I've exceeded my days objective of 20 pips so the family may have food on the table next month.
JonnyT
