The Forex Gods woke up! — They must have had a late night and didn't surface before I went for breakfast. The short SL moved to break even to profit lock 92 pips and the revised SL was hit so the last lot exited at breakeven. All happened 3 ...

:: Cable (GBPUSD) Trend Trading ::

Short SL moved to break even — And short SL moved to break even to profit lock 92 pips. So a guaranteed profitable week for a minimum of 8 pips and out of the shit with a short. Unless the long hits SL which is unlikely. Amazing. I'm off for ...

:: Cable (GBPUSD) Trend Trading ::

Long hit SL. — Loss 200 pips. Just exited for another 2 lots at 32 each on the shorts so a profit on the week of 8 pips at the moment. But I'm still short 1 lot with the Buy Limit now open at 1.9888 with an open loss of 19 pips.

:: Cable (GBPUSD) Trend Trading ::

Ho hum. — Open short at a profit of 14 pips and the long at 38 pips loss. Exited 2 shorts for 28 pips, 3 left.

:: Cable (GBPUSD) Trend Trading ::

In a range bound market. — n a range bound market I don't use stops. Now that'll open a can of worms... again. I wrote this yesterday in my current journal: "When trading a trending market I always use stops which I never change - but I still ...

Cable Update (GBPUSD)

But still a short opportunity. — ATM IMO as you can see here.

Cable Update (GBPUSD)

Sorry you missed yesterday. Wish I had! — It could have been great yesterday for me and a couple of other guys here but our sell limits were missed by 2 - 3 pips and we didn't catch the drop. I did a Sell Stop at 5 pips above just before I ...

Cable Update (GBPUSD)

Wel, well. — The Forex Gods have finished for the week also I propose. Open short at a loss of 16 pips and the long at 8 pips loss. The Buy Limit is still O/S at 1.9888 and Sell Limit still, of course, at 2.0063.

:: Cable (GBPUSD) Trend Trading ::

New Sell Stop. — 1.9905 SL 1.9945 TP 1.9855 Last 1.9910. I hope it doesn't open but if it does I want it closed at TP within 7 hours and back to 9905+ by then also. Forex Gods - are you listening? The 30-min RSI is reversing up from its ...

:: Cable (GBPUSD) Trend Trading ::

Thanks mate. — I'll do my best. We all learn a little every day. I respect what Gandhi said: Live as if your were to die tomorrow. Learn as if you were to live forever. I apply both parts. I'm off to party. And I'm getting on you know. Take ...

:: Cable (GBPUSD) Trend Trading ::

Just checking your paying attention. Well done zobo! — Spotted in 5 minutes!

:: Cable (GBPUSD) Trend Trading ::

New Buy Limit. — 1.9888 SL 1.9788 TP 2.0510 Last 1.9905.

:: Cable (GBPUSD) Trend Trading ::

Weekly Summary. — The old long I kicked off with in this journal left over from last week hit SL an hour ago for a 45 pip profit on 5 lots. The original order was placed in the Cable Update (GBPUSD) thread. And it did hit the raised SL. I hate ...

:: Cable (GBPUSD) Trend Trading ::

My view. — From elsewhere.

Cable Update (GBPUSD)

Lunchtime now. — The sun is shining and it's 21 Celsius without a cloud in the Malta sky. Caesar Salad and a glass of dry white wine nicely chilled is called for. Back in a couple of hours.

:: Cable (GBPUSD) Trend Trading ::

A failed plan. — But the idea was valid.

:: Cable (GBPUSD) Trend Trading ::

Within 3 pips today on both long and short. — Again, the original Buy Limit was set at 1.9955. Missed AGAIN by 3 pips. Shame. Never mind. Move on. Last 9988. And so we continue the ascent after a lively 3 hours. Perhaps. No losses. Yet. But ...

:: Cable (GBPUSD) Trend Trading ::

Where now? — The 30-min RSI is oversold & the 1.9955 strong support area (50% retracement, horizontal support) should favour a recovery. image

:: Cable (GBPUSD) Trend Trading ::

Amended Buy Limit. — Amended to 1.9925 SL 1.9885 TP 2.0045 Last 2.0002. 5 lots as always. TP unchanged.

:: Cable (GBPUSD) Trend Trading ::

You and me both BK. — Got to within 3 pips then reversed. C'est la vie.

Cable Update (GBPUSD)