thats why I said it depends what he is doing-I just want to give the idea that a stop should be relative to how much something moves

Cable Update (GBPUSD)

If you can set 50-100 Stop and only risk 1% that would be better,depends what you are doing-position/scalp.

Cable Update (GBPUSD)

originally had my eye on 15850,but price got down to 15820 before that,so I thought the next up move would break it-tried 15860 but the price was there for only a split second-just looking@S&R levels

Cable Update (GBPUSD)

could still see some support above 15780

Cable Update (GBPUSD)

ok I closed for 38

Cable Update (GBPUSD)

Don't worry-everyone has bad weeks,probably even Cloggie and Wormboy,lol.I've had some horrific weeks-just dont put too much at risk.Hope all goes well next week for you. And leave enough room for price to move-don't set stops too tight-look at the ...

Cable Update (GBPUSD)

tempted to book 20-but I've got a good feeling about this so will hold for now-lot of supply@15860-price just snapped back

Cable Update (GBPUSD)

scalp-mode 20 pips up already

Cable Update (GBPUSD)

ok short@15855-will see how it goes

Cable Update (GBPUSD)

longs are closed-made back the loss on the short and some profit to boot...now in scalp mode...looking to short from the 15850 level possibly

Cable Update (GBPUSD)

No,the last longs I had yesterday were 15675 and 15690 closed@ 15712 and 15715

Cable Update (GBPUSD)

shorts are gone now....and starting to build long position bullish above 15780

Cable Update (GBPUSD)

Cloggie mentioned before Asia going on a buying spree because they want to weaken their own currencies but don't want to hold dollars at the moment

Cable Update (GBPUSD)

Thanks Trending - I think PA was so bearish yesterday that its possibly stopped this uptrend in its tracks-dont think price will make it to the highs of yesterday for a while.Any up move I see as a retrace of yesterdays bearish move and so I will ...

Cable Update (GBPUSD)

thanks Captain but I think the 4h trendline is broken and am just looking for retrace of yesterdays move before it goes down again

Cable Update (GBPUSD)

yes....running into some stronger resistance up there

Cable Update (GBPUSD)

from now to NY the plan is open,although nothing set in stone. [email protected] beyond 71% retrace of todays big move.TP about this level,depends how many positions get opened.

Cable Update (GBPUSD)

Shorts ready.Looking to be out before NY.

Cable Update (GBPUSD)

its about absorbing the movement in price,so it slows things down in your own head and plus,you can profit from a bias rather than having to be exact-you don't have to be a fortune teller!

Cable Update (GBPUSD)

Sunsi,Nate thanks guys - FF is a great resource for us

Cable Update (GBPUSD)