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Cable Update (GBPUSD)

  • #59,981
  • Mar 31, 2008 6:33am Mar 31, 2008 6:33am
Quoting deboooo2005
good day

if 1.9830 broke ... we gonna see 1.9766 to 1.9736 .. 1.9830 is important point

thats what i was talking about from 5 hours
  • #59,982
  • Mar 31, 2008 6:41am Mar 31, 2008 6:41am
166pips off todays intraday high now, and the bottom of the breeched intraday congestion channel becomes the first potential resistance area on any re-test. Intra-channel and 9877-79 house the 23.6% of 0089-todays current low and 38.2% of todays hi-lo.

9896-9902 houses 50% of intraday move with 23.6% of 0193-today's current lows.
Attached Image (click to enlarge)
Click to Enlarge Name: x.gif Size: 14 KB
ex member
  • #59,983
  • Mar 31, 2008 6:52am Mar 31, 2008 6:52am
Quoting Abuawad
Check This, For Who Asking For Live Trading
Abuawad,
Thank you very much! I admire your honesty and great trading strategy.
Cheers
Aihua
Rhythm, Motion, Emotion and Risk Reward.
  • #59,984
  • Mar 31, 2008 6:55am Mar 31, 2008 6:55am
Point 1.9850 convert from support to resistant
Grasp all lose all
  • #59,985
  • Mar 31, 2008 7:15am Mar 31, 2008 7:15am
back up to 1.9865 area as i type, fast wippy price action yet again in cable!
Trading is 80% Emotional, 20% Technical
  • #59,986
  • Mar 31, 2008 7:22am Mar 31, 2008 7:22am
indeed.. 1.9850 it's now a resitance..now were heading to new lows.. but where? 1.97 next target?

but let's see if it's really a resistance or still a support..
  • #59,987
  • Edited 7:50am Mar 31, 2008 7:32am | Edited 7:50am
Abuawad..

After I configured the 4hr chart per your methodology, I set up a separate 15 minute chart with candlesticks and 5ema, 10ema,20ema,55ema and 200ema only.

I then used the crossover of the 5/10 to get me into the trade as price fell back into the "unknown" area and headed south on the 1 and 4hr charts, and used the other emas as barriers to keep me in the trade while price sought the levels configured on the Abuawad chart,

Worked like a charm all night.

Price never broke the 55ema, so I stayed with the trade and picked up another 80 pips!!
"I know how hard it is for you to put food on your family." George W. Bush
  • #59,988
  • Mar 31, 2008 7:47am Mar 31, 2008 7:47am
off the subject but interesting:

Ex Northen Rock ceo Adam Applegarth is rewarded for the chaos that his percarious business model created with a £768k pay-off....and they wonder why both here and the U.s, the public have no faith in corporate governence.
ex member
  • #59,989
  • Mar 31, 2008 7:50am Mar 31, 2008 7:50am
Quoting bbmac
off the subject but interesting:

Ex Northen Rock ceo Adam Applegarth is rewarded for the chaos that his percarious business model created with a £768k pay-off....and they wonder why both here and the U.s, the public have no faith in corporate governence.
Yes I just heard it on BBC Radio 2 Jeremy Vine show. Crazy eh!
Oh and the bank announced it will pay off all its debts sooner than expected and it is initiating talks with workers' union - does not know how many jobs will be cut
  • #59,990
  • Mar 31, 2008 9:37am Mar 31, 2008 9:37am
Quoting tomaz55
long 9880 tp 9925
tp reached for +45

will look to go long around 9900
  • #59,991
  • Mar 31, 2008 9:58am Mar 31, 2008 9:58am
Quoting littlejohn
I really didn't want to post on this matter anymore. However, Abuawad is not only a billy bullshitter but also a very arrogant so and so.
I ask only one question. In the screen printout below why is he hiding his profit or loss. Is it because he is modest and does not want to show off or simply he is not making the pips that he claims to be making. The easiest way to prove that i am a jealous "winker" and he is the genuine article would be to show the profit and loss. Then we would all know what i suspect that he is just a bullshitter. If the newbies want to believe him that is fine. However, all those who have been trading for a while know that even the best traders can not make profit everyday.
My open challenge prove me wrong.
http://www.forexfactory.com/attachme...1&d=1206664578
Check the answer "bullshitter "
http://www.forexfactory.com/showpost...ostcount=59849

Quoting Abuawad
i just close it becasue i see the good position for sell and it will cover the - pips and give me more pips than that day plan. should i keep it or drup it.
i'l keep it but FXCM take a comition on the position that stay in the open position for more than 24 hours, that's i can't take it.
so i close it. but look to the other side do you think i have to say i lost 37.3 pips and have profit 396 pip or i can say i have profit 358.7
the pip counting i post it's show the analysis result and it dosn't mean my trading result.
in some day the price hit the targets more than one time and i don't counting it in the result that i post but its already conting in my FXCM profit pips should i say i have X $ profit for today !!
or that i say i have X Lots for today !!
  • #59,992
  • Mar 31, 2008 9:58am Mar 31, 2008 9:58am
He does not have to show you the money.

He is showing you winning trades off of a trade sheet.

I know lots of trainers who will show you their winning trades, but not the money.

Some have gone to small accounts and mirrored their trades in a 5K or less a count to SHOW THE MONEY.

People who criticize for no reason are small people.

Assume positive intent. Much better way to live your life.
  • #59,993
  • Mar 31, 2008 10:01am Mar 31, 2008 10:01am
Quoting tomaz55
tp reached for +45

will look to go long around 9900
long 9875

tp 9940
  • #59,994
  • Mar 31, 2008 10:02am Mar 31, 2008 10:02am
Thats monday wasted, girl I know's 30th, always something, so whats the game plan see I've just missed 2 predictable moves.


????
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #59,995
  • Mar 31, 2008 10:03am Mar 31, 2008 10:03am
Tomaz was thinking the same, whats your SL ??

Think I need to watch and get a feel for it before plowing in though.

* edit for chop plays your better off with UJ *
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #59,996
  • Mar 31, 2008 10:09am Mar 31, 2008 10:09am
Quoting Turveyd
Tomaz was thinking the same, whats your SL ??

Think I need to watch and get a feel for it before plowing in though.
i have a 'mental' stop loss around 9820, i'd rather not put a hard stop due to the volatile nature of cable, ifi'm wrong i can always wait for the inevitable retracement, it has saved me a lot of money in the past
  • #59,997
  • Mar 31, 2008 10:17am Mar 31, 2008 10:17am
that waiting for a retrace will save your butt 90% of the time thankfully, sadly the 10% it fails it puts a huge hole in your account.

I go for the tight stop route myself 13pips generally, find it cuts the emotion outta taking big losses.

But all work out vaguely the same in the end.

Not in yet, still weak, wishing I'd of jumped on it short side
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #59,998
  • Mar 31, 2008 10:23am Mar 31, 2008 10:23am
Quoting tomaz55
i have a 'mental' stop loss around 9820, i'd rather not put a hard stop due to the volatile nature of cable, ifi'm wrong i can always wait for the inevitable retracement, it has saved me a lot of money in the past
1.9820 is not the perfect stop loss.
The support levels for today are:

S1 - 1.9851

mid-point 1.9806

S2 - 1.9761

Therefore, once it breaks below 1.9851, the next target will be slightly below 1.9820 - at 1.9806
"Luxury is one of the basic needs", (c), Don Corleone
  • #59,999
  • Mar 31, 2008 10:28am Mar 31, 2008 10:28am
Haven't been able to get in, FXCM's GU currency is stuck at 57

No correction, FXCM is dead totally all pairs
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,000
  • Mar 31, 2008 10:29am Mar 31, 2008 10:29am
Quoting Turveyd
that waiting for a retrace will save your butt 90% of the time thankfully, sadly the 10% it fails it puts a huge hole in your account.

I go for the tight stop route myself 13pips generally, find it cuts the emotion outta taking big losses.

But all work out vaguely the same in the end.

Not in yet, still weak, wishing I'd of jumped on it short side
i agree with putting tight stops and cutting emotions but with cable, the odds of being stopped out for -13 are very big.

you're right about those 10% of trades where it doesnt retrace, sometimes i do put hard stops, it depends, when i do they are 20/30 pips away and i know that if i do get hit, then the trade is completely wrong. speaking of which, i see cable at 9760 soon so i believe i made a mistake and will exit soon at around 9880 to sell again

gl
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