well i give up on tradeing cable for now. I'm going over to Euro. I find that most of the news available is all directed towards USD or EUR so that's where I am going to focus. nice to hear from all of you and see you on another thread

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Quoting howwwndogDislikedwell i give up on tradeing cable for now. I'm going over to Euro. I find that most of the news available is all directed towards USD or EUR so that's where I am going to focus. nice to hear from all of you and see you on another threadIgnored
Quoting habeebDislikedwith a 15 pip stop (below Wednesday's low). I know that the stop is supposed to be below the nose, but 55 pips is a bit much for my liking.Ignored
Quoting WTBDislikedHabeeb, stops are to be placed wherever they are meant to be placed. If 55 pips if too much for your money managment priorities, then perhaps you might want to reduce your lot size rather than reducing your stop loss.
Proper SL possitioning is crucial for long term success in my opinion.Ignored
Quoting WTBDislikedRemember Habeeb that trading is a marathon, not a sprint. If you ought to, it doesn't matter if you downsize your lot size and thus earn less per pip. What matters is to be disciplined, stick to the very rules and place the SL where they belong.
By doing that, your account will slowly but steadly grow over time.Ignored
Quoting habeebDislikedPrice is again below the 1.7235-40 resistance area. With nothing happenning in the markets, I think we might see a Pin Bar on the daily, but anything can happen. Here is a chart with some number counting. I don't have any experience with this wave counting stuff, so any input/corrections are most welcome.
I think this scenario can still be fulfilled tomorrow if we get a close above 1.7270 (as 777 mentioned too).
http://www.forexfactory.com/forexfor...tid=2402&stc=1Ignored
Quoting habeebDislikedWe've got a trendline and 61.8% Fibo (31/08/2003 - 13/12/2004) confluence just a few pips away fro yesterday's low. Looks like a Harami pattern formed. We might see price starting to creep up. We might even see 1.7250 during the day.
http://www.forexfactory.com/forexfor...tid=2414&stc=1Ignored
Quoting habeebDislikedLooking at the weekly chart ... too many trendlines meeting at one spot. Don't know if this is going to be good support or a major breakdown. Price has broken through the 61.8% Fibo but hasn't been able to close below. Maybe we going to see a small move up before testing this level again. Also, Stochastics are making higher lows when price is making new lows. With this divergence and trendline Fibo confluence, I think we're heading up this coming week. Looking forward to see the close of Wednesday. A close above 1.7390 would be a Pin Bar on the Monthly chart, and we'll be heading up during December. Also, I've read somewhere that fundamentally, December is not looking good for the dollar.
Take care
Habeeb
http://www.forexfactory.com/forexfor...tid=2416&stc=1Ignored
Quoting habeebDislikedThanx,
I saw that thread there but wasn't in the mood for anything new. Since you're quite active with it, maybe you could keep us posted with the results of this Tunnel system.
Good Luck
HabeebIgnored