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- cloggie replied Apr 23, 2010
Nothing wrong with your trend, stops need to be set above the resistance on H1/H4 especially on freaky friday. 538 held on M5/15 so your short was valid you just need to do a bit of research on your stops. Guess you get stopped out quite a bit for ...
Cable Update (GBPUSD)
- cloggie replied Apr 23, 2010
I agree, markets are confused FTSE continues to set higher highs for today on M5 and just broke clear through the uTL heading for 5720. Go figure. Am short biased on cable again though 538 held
Cable Update (GBPUSD)
- cloggie replied Apr 23, 2010
15 pip stops on freaky friday with news due are never going to be wide enough. Hourly Resistance is at 5997, stops should go above that at least.
Cable Update (GBPUSD)
- cloggie replied Apr 23, 2010
3 minutes before the biggest news of the month for the UK economy?
Cable Update (GBPUSD)
- cloggie replied Apr 23, 2010
Mondays and Fridays are the harder days to trade Cable and you will need to pay close attention to any sudden turns in PA. I tend to take limited trades on Monday morning and Friday afternoon. Monday is the trendsetter and Friday is the profit taker. ...
Cable Update (GBPUSD)
- cloggie replied Apr 23, 2010
No solid close above 538 yet, am going to ride the waves on M5 for a bit of shorter term trades until this direction is confirmed either way. Looking for a short entry now around 538, waiting for the PA to settle down a bit and the MA's to give me a ...
Cable Update (GBPUSD)
- cloggie replied Apr 23, 2010
Yup, freaky friday. Have not made my mind up yet whether to join Nene or Wormy here, keeping a close eye on M15/30 to see where that closes in the next 3 mins.
Cable Update (GBPUSD)
- cloggie replied Apr 23, 2010
Like I said a bit of a messy start in the morning, Zee Frankfurters are opposing the Cockneys.... Noticed you jumped the gun on a short? I am waiting for 538 to hold.
Cable Update (GBPUSD)
- cloggie replied Apr 23, 2010
Thanks buddy, yesterday was a great example of selling into a rally and not trying to pick bottoms. Today am looking at the support of 5341 on H4 which is still holding with a bearish trend on M30. I don't like London opening where Franky brings us ...
Cable Update (GBPUSD)
- cloggie replied Apr 22, 2010
Closed 5331, am done see you guys in the morning.
Cable Update (GBPUSD)
- cloggie replied Apr 22, 2010
yeah I had the right direction and should have moved my SL away from BE. I really enjoyed the debate tonight and am glad that William Glegg got notched down a few by both Brown and Cameron. I loved GB's line telling him to get real. It is a shame I ...
Cable Update (GBPUSD)
- cloggie replied Apr 22, 2010
I got distracted by the leadership debate here and heard my pricealarm, closed at BE. Ah well, am done for tonight could have had a few pips on this trade if I had set a SL to BE+.
Cable Update (GBPUSD)
- cloggie replied Apr 22, 2010
It may well be but that's why SL's were invented..
Cable Update (GBPUSD)
- cloggie replied Apr 22, 2010
I don't really follow it as my leverage is pretty low, probably a question to ask on the brokers' thread
Cable Update (GBPUSD)
- cloggie replied Apr 22, 2010
Why do you want a US broker, no hedging, fifo, what a bloody mess over there.
Cable Update (GBPUSD)