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- CasperTrader replied Dec 24, 2012
I'm with you now. I've myself taken a short position in GBP/JPY. If all goes well,
Cable Update (GBPUSD)it could turn out to be trade of the year. I'm hoping for 2000 pip down move in next several weeks from here.
- CasperTrader replied Dec 19, 2012
How abt the possibility of touch of upper trendline of the bear flag? After Fed announcement I did not expect a move this high. Even AUD/USD didn't move much. Except for GU and EU.
Cable Update (GBPUSD)
- CasperTrader replied Dec 19, 2012
Nav, what's your target? Still bailing out at 1.6?
Cable Update (GBPUSD)
- CasperTrader replied Dec 16, 2012
Yeah. I'm "hoping" the same. And "if" it gets to 1.6, my guess is that the moment I close it, it will tank further.
Cable Update (GBPUSD)Still keeping a SL at 6180 though.
- CasperTrader replied Dec 14, 2012
I doubt it. It's just being too hopeful. If not stopped out, I might hold shorts for some retracement. Let's see how the daily closes.
Cable Update (GBPUSD)
- CasperTrader replied Dec 14, 2012
Place to enter last of the shorts. Will bail out above 6180. Looking at weekly, we may see 6400 in that case.
Cable Update (GBPUSD)
- CasperTrader replied Dec 13, 2012
Welcome to the club!
Cable Update (GBPUSD)That would be my target as well for part of my position.
- CasperTrader replied Dec 13, 2012
Closed one sell from 6144 to 6115. Another from 6166 still running. Will add more shorts at higher prices.
Cable Update (GBPUSD)
- CasperTrader replied Dec 12, 2012
When I finally figure it out, it usually ends.
- CasperTrader replied Dec 12, 2012
Thanks man for the kind words. I appreciate it. The reason I entered here is because I see a resistance zone in the area 6140-95. I'm mostly a swing trader and how everyone says it's okay to miss the boat and not try to catch the top/bottom. Though ...
Cable Update (GBPUSD)
- CasperTrader replied Dec 12, 2012
Hmm. Finally reached 6140. Adding some shorts here. Will continue until 6200. Else bailout.
Cable Update (GBPUSD)
- CasperTrader replied Dec 10, 2012
There's another formula that can keep you in the game forever. Not literally but long enough. Key is to be very mechanical and non-emotional. If it's 5%, then make it 5% of the current capital (not the beginning balance). So that even if 50 trades ...
Cable Update (GBPUSD)
- CasperTrader replied Dec 10, 2012
Same here. IMO if we break 1.6, we will only keep going lower unless we come up above 6050. We might see 5950 or even 5920 very quick if 1.6 gives.
- CasperTrader replied Dec 7, 2012
So far, it's playing out nicely for shorts in imo. We breached the 6010 area. Some think it as a place to go long. I think it could also be an important break for some shorts too. We need couple of more confirmations. All we need to watch ...
- CasperTrader replied Dec 7, 2012
I think the same though imo it needs to break below 6010 for confirmation (we just saw it bounce back up from 6023). I see a very slight possibility of spike upto 6060 area as well maybe just before NFP.