You might be right. It does look like it's loosing steam. I'm still holding for 6550 but moved my stop to 6450 (just in case)..

Cable Update (GBPUSD)

Thanks Pham. This is my third trade this week. All 3 very similar to this. Up from Tuesday, down yesterday and up yesterday/today. MAN!! I just LOVE this ranging!! Until it breaks that is...LOL

Cable Update (GBPUSD)

Yep, and sometimes we change that original stragity....LOL Long 3 lots from 6250. 1 lot taken at at each check mark. My final TP is 6550 but I'm thinking 6500ish may be the cap today. SL at 6400 right now. Hmmmm........might just take it ...

Cable Update (GBPUSD)

LOL...And your definition of Forex trading is...????

EURUSD

LOL..I wasn't thnking you were crazy Ipips. I just prefered my entry long at 6250....LOL

Cable Update (GBPUSD)

A good trade then. For me, in Forex, BE goes in the winning trade column.

Cable Update (GBPUSD)

Then you agree with me...

Cable Update (GBPUSD)

Careful with the longs. A retrace/test of the 6300 - 30 area is to be expected. A fall to 6220 - 6200 still quite possible. I'm sidelines for now... Good luck All...

Cable Update (GBPUSD)

Not bad at all... My day went like this. Short 3 standard lots from 6580. First TP for 1 lot 6430 - +150 Second TP for 1 lot 6300 - +280 Last lot SL hit at 6270 - +310 Think I'll go design some more wood carvings now...

Cable Update (GBPUSD)

I don't think it's greed Benny. The 6200 - 6220 is a perfectly sound target and I still think it may get there. I moved my stop to 6270 just in case and got taken out. I could have left it at 6350 but THAT would have been greedy...LOL This one trade ...

Cable Update (GBPUSD)

Thanks Ipips and it's no biggy... Something I've known was coming for many years. I live to adapt....

Cable Update (GBPUSD)

I'll never get bored with this stuff. I LOVE it!! This is my J.O.B. now that I'm disabled and makes me wonder why I ever built houses...LOL (not really, I really loved that too...) Edit: Just taken out at 6270. Time for breakfast.

Cable Update (GBPUSD)

And that right there is the very definition of a physiological level...

Cable Update (GBPUSD)

Agreed. I'll hold this till the end of the hour. If I don't see signs of it getting to 6220, I'll close her out and just force myself to live with the results of this trade...LOL

Cable Update (GBPUSD)

Thanks Benny and the name is Chris... I'm still holding but I am beginning to wonder if it will reach my final TP of 6220. Moved my stop a bit closer from 6350 to 6270. Don't want to give back "too" much....

Cable Update (GBPUSD)

So true...

Cable Update (GBPUSD)

That's cool, as long as you can handle the draw down. It's a big physic thing for me. I just HATE draw down...LOL 3 lot Buy pending at 6200.....

Cable Update (GBPUSD)

You've been saying this for several hours now. Yep, "eventually" it will go back up but the platform for this bull train sits at 6220 - 6200 for me. Just curious (no offense meant) but how much draw-down are you experiencing on your earlier longs ...

Cable Update (GBPUSD)

This was my plan for it off the one hour. Entry at 6580 with 3 standard lots, 1 closed at each check mark. Final TP at 6220. SL now at 6350.

james16 Chart Thread

Thanks BB! The ride up from Tuesday was much the same. What I loved about this one was that my initial SL was only 15 pips and it missed it by 2 hitting 6593...LOL Current SL is tucked in at 6350. Gotta love them free rides...LOL

Cable Update (GBPUSD)