WendelinProbst
Short

Cable Short Bats: Double Chance at Market

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
I am short Cable with the smaller Bat, but placed my stop above X of the bigger Bat. So I have twice the chance of a profit, but of course also twice the risk. but as the Stop of the first one would be in the trigger area of the second one I play it like this. First Target .382, second target .618

Well there you go.. you learn something new every day. Thanks Wendelin. Yours and Akil's post on here have helped me so much, appreciate it!
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Cable is just a "nickname" for Gbpusd ;-)
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Hi guys - The term CABLE short..What does cable mean?
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thanks Akil. Considering my EURUSD Long position that was close to the Stop and is back in profit now, I do something that I normally don`t do with patterns, I put my stop to entry here. Otherwise it would eat my potential EURUSD profits as the USD is currently the driving force and not the GBP and EUR. So In case we go back to Entry the EUR will have hit target one at least. If we don`t hit the entry, well then we will probably hit targets here ;-)
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Nice one, I'm short as well
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