I'm BFD @ 2.0754 SL30 pips
What is your MM? TP or Trailing Stop? 
- #1,781
- Nov 14, 2007 2:39am Nov 14, 2007 2:39am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
What is your MM? TP or Trailing Stop? - #1,783
- Edited 3:13am Nov 14, 2007 2:53am | Edited 3:13am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Observing the market PSYCHOLOGY right now. The Bull & the Bear are more likely to play between that two red lines which are the 2.0800 Resistance and the 50% Fibbo Retracement.
This is the RANGE for the CABLE until the NEWS release at 5:30 pm.
What is my PLAN with those 2 lots Long?
I am monitoring it closely until the news release. GREEN News = I will set Trailing Stop. If RED News = I'll take out loss manually.
This is the RANGE for the CABLE until the NEWS release at 5:30 pm.
What is my PLAN with those 2 lots Long?
I am monitoring it closely until the news release. GREEN News = I will set Trailing Stop. If RED News = I'll take out loss manually.
- #1,784
- Nov 14, 2007 3:05am Nov 14, 2007 3:05am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Dup dap dup dap dup dap ..... around HALF an Hour to go. Waiting is a PAINFUL game 
PATIENCE is the virtue
around HALF an Hour to go. Waiting is a PAINFUL game PATIENCE is the virtue - #1,786
- Nov 14, 2007 3:16am Nov 14, 2007 3:16am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Observing the market PSYCHOLOGY right now. The Bull & the Bear are more likely to play between that two red lines which are the 2.0800 Resistance and the 50% Fibbo Retracement.
This is the RANGE for the CABLE until the NEWS release at 5:30 pm.
What is my PLAN with those 2 lots Long?
Can you guys see this? 
- #1,787
- Nov 14, 2007 3:35am Nov 14, 2007 3:35am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
5:30pm GBP http://www.forexfactory.com/images/m...mpact_high.gif Average Earnings Index +Bonus q/y 4.1% 4.0% 3.7%
5:30pm GBP http://www.forexfactory.com/images/m...act_medium.gif Claimant Count Change -9.9K -6.2K -12.8K
5:30pm GBP http://www.forexfactory.com/images/m...impact_low.gif Unemployment Rate 5.4% 5.4% 5.4%
Mixed Red and Green But bias on the BULL 
5:30pm GBP http://www.forexfactory.com/images/m...act_medium.gif Claimant Count Change -9.9K -6.2K -12.8K
5:30pm GBP http://www.forexfactory.com/images/m...impact_low.gif Unemployment Rate 5.4% 5.4% 5.4%
Mixed Red and Green
But bias on the BULL 
- #1,788
- Nov 14, 2007 3:44am Nov 14, 2007 3:44am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Setting SL 10 pips above Entry price. That previous Blue CHANNEL TREND LINE is tough to break so far. Any CS that will be formed above those lines... will confirm a BREAKOUT and I will target the 50% Fibbo Retracement from last Friday as the next destination
Like wise people said: "PATIENT IS THE VIRTUE"
Like wise people said: "PATIENT IS THE VIRTUE"
- #1,790
- Nov 14, 2007 4:08am Nov 14, 2007 4:08am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
The Bull Train just arrived at the 1st Destination as expected. The 50% Fibbo frm last Friday Placing Trailing Stop 35 pips. Expecting to break that 50% Fibbo
Placing Trailing Stop 35 pips. Expecting to break that 50% Fibbo 
- #1,791
- Nov 14, 2007 4:22am Nov 14, 2007 4:22am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Mixed Red and Green
6:30pm GBP http://www.forexfactory.com/images/m...mpact_high.gif BOE Inflation Report
The Bank of England (BOE) Inflation Report provides detailed economic analysis and an assessment of inflation over the next two years. The report is published quarterly and holds critical insights into the bank's view of inflation and the economic conditions that will effect interest rates in the future. Traders scrutinize this report as it's been known to provide clues about the bank's future monetary policy.
I am not sure if they gonna issue figure on this. I think I have to watch BLOOMBERG on Astro to decipher the speech... that if there is LIVE news from UK.Anything indicating rising INFLATION =
Second Bull Train to the North will depart. If indicating DEFLATION =
The BEAR Train to the South will be packed with Shorters.- #1,792
- Nov 14, 2007 4:38am Nov 14, 2007 4:38am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
whoaaa.. missed one super BFD.. hehehe. what now? waiting for the 6.30 news or shall i close
I am not sure if they gonna issue figure on this. I think I have to watch BLOOMBERG on Astro to decipher the speech... that if there is LIVE news from UK.Anything indicating rising INFLATION =
Second Bull Train to the North will depart. If indicating DEFLATION =
The BEAR Train to the South will be packed with Shorters.[/quote]
Slow Inflation... deflation... DOWN we go
My TS got HIT 
I am out of this TURMOIL until the market settle down. 
- #1,793
- Nov 14, 2007 4:45am Nov 14, 2007 4:45am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Not happy with last night performance but content with today performance. I am out of the market until there is sign of bounce back or retracement. Then I will SELL FROM BOUNCE
- #1,794
- Nov 14, 2007 4:54am Nov 14, 2007 4:54am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Not really breaking that YELLOW 50% Fibbo yet This is tricky as current price still BULL bias. If confirmed broke that Yellow 50% Fibbo... Then only I'll execute SELL FROM BOUNCE. Above that... still favorable to BUY FROM DIP. However, I would rather wait and see. No entry... nothing will happen to my acc. This is my way.... my style. Experience had thought me a lot.
This is tricky as current price still BULL bias. If confirmed broke that Yellow 50% Fibbo... Then only I'll execute SELL FROM BOUNCE. Above that... still favorable to BUY FROM DIP. However, I would rather wait and see. No entry... nothing will happen to my acc. This is my way.... my style. Experience had thought me a lot. 
- #1,797
- Nov 14, 2007 5:01am Nov 14, 2007 5:01am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
The sign ENTRY SIGNAL at 30 sma was meant for M30 chart. Don't get confuse. Sorry... I forgot to delete it before I switch to M15 chart. 