Best Thread Live Cable Trading

[rav700]

600 has been touched good call mate

I have placed and order in at 1.8629 and stop of 1.8600 and a lmit of 1.8655.
This is if it reverses out of this current downward trend....

 

[marmoset]

Not much oomph in that big figure bounce, 2nd try on 8600

 

[marmoset]

I have placed and order in at 1.8629 and stop of 1.8600 and a lmit of 1.8655.
This is if it reverses out of this current downward trend....

3rd try on 8600

 

[rav700]

3rd try on 8600

Order has been cancelled because of lack of confidence...

 

[marmoset]

Lunchtime, watching-paint-dry time. Going for a nap myself

leaving my longs in at 30 and 41 both limited to 92

 

[marmoset]

what's this? stophunting?

 

[rav700]

what's this? stophunting?

what do you mean :idea:

 

[marmoset]

what do you mean :idea:

Before going up/down for a prolonged move a short countermove happens. I guess it's stophunting, to clean out some small traders who have too-tight stops on their open trades.

 

[marmoset]

10.45-11.15 turbulent zone entered

 

[marmoset]

Bollinger bands narrowed to minimum, price hovering around the middle line. Anticipating the big move here :cheesy:
Putting in some hedge entry shorts at 09

 

[marmoset]

went long at 13 limit 44

 

[coolTrader]

reverse h/s pattern forming on 5min cable. Don't know if it will hold.

 

[marmoset]

Moved limit to 24

 

[marmoset]

Off to work

 

[rav700]

Anyone trading cable this afternoon.........

 

[marmoset]

Looks like my long got stopped out at 27: +10pips

 

[marmoset]

pending orders:
short at 44 limit 27
long at 57 limit 8720
short at 60 limit 48
short at 09 no limit (safety hedge)
short at 8591 limit 56
long at 8557 limit 92
short at 8744 limit 09

Open positions:
long at 30 limit 92
long at 41 limit 92

Now I'm just waiting for cable to do something... anything...

 

[rav700]

Looks like my long got stopped out at 27: +10pips

Well done mate what's your total today so far........

I personally think it will range all afternoon and we just have to wait for the big break out this evening at 7:15:
Current range: 1.8641 to 1.8603 a very tight range:
After Fed Announcement:
Expectation if the Cable stays in this range
Trade 1:Expect a break out @1.8685 go long for 100 pips 1.8785 with a stop @1.8645
Trade 2:Expect a break out @1.8595 go short for 100 pips 1.8495 with a stop @1.8635

This is a recommendation I am making after observing the charts....any comments are welcome
Happy Trading
Rav

 

[marmoset]

Well done mate what's your total today so far........

I personally think it will range all afternoon and we just have to wait for the big break out this evening at 7:15:
Current range: 1.8641 to 1.8603 a very tight range:
After Fed Announcement:
Expectation if the Cable stays in this range
Trade 1:Expect a break out @1.8685 go long for 100 pips 1.8785 with a stop @1.8645
Trade 2:Expect a break out @1.8595 go short for 100 pips 1.8495 with a stop @1.8635

This is a recommendation I am making after observing the charts....any comments are welcome
Happy Trading
Rav

My thoughts exactly!

On the short side, I have some old hedged shorts below 8550, limits intact, just in case...

 

[rav700]

My thoughts exactly!

On the short side, I have some old hedged shorts below 8550, limits intact, just in case...

Thats good you agree with my thoughts...if the cable goes this way ,it could be a pretty neat weekend....

For now cos the market is range bound have got the following order in place

Buy @ 1.8613 limit @1.8633 and Sl @1.8599

Lets see what happens

It seems like you have layed your traps best of luck mate hope you outperform all previous trades today