Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

Post #61,541
Quote
Apr 14, 2008 2:15pm Apr 14, 2008 2:15pm

Runway Trade
| Joined Aug 2007 | Status: Air Raider | 895 Posts

Quoting nAVIN2007

Disliked

chance ..

this is my big problem i keep exiting good trades ..

Ignored

LOL you me both I quit at 20-30 pips then they run to 80-120pips other times I am +20 I think I am going to leave it I end up -20! Soon Ill get it right

Post #61,542
Quote
Apr 14, 2008 2:20pm Apr 14, 2008 2:20pm

priceaction
| Commercial Member | Joined Nov 2007 | 1,079 Posts

Quoting nAVIN2007

Disliked

definately right u are but i got a bit nervous about the entery and im sure it will go up again and when it does i gonna sell and hold it all the way ..i made a mistake i shouldnt have canceled the trade...emotion still go a hold on me ..but im sure we will have a another chance ..

this is my big problem i keep exiting good trades ..

Ignored

Nav, perhaps it will help if you lower your trade size (to reduce the tension in you) and reduce the chart watching (to minimise your actions).

Then go with the plan man.
Rob

Post #61,543
Quote
Apr 14, 2008 2:22pm Apr 14, 2008 2:22pm

tomaz55
| Joined Jan 2007 | Status: Member | 225 Posts

Quoting tomaz55

Disliked

stopped out for -50

sold BIG TIME 9874, tp 9800

now i have a big short position..

Ignored

tp reached for +74 at huge leverage, i won what must be the equivalent to tasmania's gdp... i really pounded the pound real good

will go long if it reached 9750 for an easy 40/50 pips

Post #61,544
Quote
Apr 14, 2008 2:27pm Apr 14, 2008 2:27pm

SimonJ
| Joined Jan 2008 | Status: Awesome Member | 253 Posts

Quoting Runway Trade

Disliked

LOL you me both I quit at 20-30 pips then they run to 80-120pips other times I am +20 I think I am going to leave it I end up -20! Soon Ill get it right

Ignored

Here's a little tip for ya. If you look at H1 now it's a pretty smooth ride down, only bullish candles. At M5 it's not soo, somewhat nice waves. As you see on M5 it's making lower highs and lower lows all the way. And as long as it doesn't make a higher high I stay in the trade

. Worked out so far, short entry at 1.9836 (pretty late compared to you others here), that was the 1.9836 BEFORE a 30 pip move up, but I didn't find it make a higher high so I stayed in and am currently in 71 pips profit.

Post #61,545
Quote
Apr 14, 2008 2:29pm Apr 14, 2008 2:29pm

salah k.
Joined Apr 2007 | Status: Member | 2,387 Posts

Quoting LuckyLurker

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http://www.forexfactory.com/attachme...1&d=1208193855

Ignored

4give my ignorance but wat do u mean
USD est non mortuus

"what doesn't bankrupt me, makes me stronger" modern nietzche

Post #61,546
Quote
Apr 14, 2008 2:49pm Apr 14, 2008 2:49pm

tomaz55
| Joined Jan 2007 | Status: Member | 225 Posts

long 9755 tp 9800

Post #61,547
Quote
Apr 14, 2008 2:56pm Apr 14, 2008 2:56pm

Runway Trade
| Joined Aug 2007 | Status: Air Raider | 895 Posts

Quoting SimonJ

Disliked

Here's a little tip for ya. If you look at H1 now it's a pretty smooth ride down, only bullish candles. At M5 it's not soo, somewhat nice waves. As you see on M5 it's making lower highs and lower lows all the way. And as long as it doesn't make a higher high I stay in the trade . Worked out so far, short entry at 1.9836 (pretty late compared to you others here), that was the 1.9836 BEFORE a 30 pip move up, but I didn't find it make a higher high so I stayed in and am currently in 71 pips profit.

Ignored

Thanks that is a good tip. Ill keep my eye on the 5m.

Post #61,548
Quote
Apr 14, 2008 3:05pm Apr 14, 2008 3:05pm

shajib
| Joined Feb 2008 | Status: Member | 62 Posts

Quoting tomaz55

Disliked

long 9755 tp 9800

Ignored

9780-9800 seems quite strong resistance. Good luck.

Post #61,549
Quote
Apr 14, 2008 3:05pm Apr 14, 2008 3:05pm

SimonJ
| Joined Jan 2008 | Status: Awesome Member | 253 Posts

Quoting Runway Trade

Disliked

Thanks that is a good tip. Ill keep my eye on the 5m.

Ignored

Remember it can be any timeframe really, choose the one where you easily see the wave movements.

Post #61,550
Quote
Apr 14, 2008 3:16pm Apr 14, 2008 3:16pm

Tmac
Joined Oct 2007 | Status: work in progress | 1,009 Posts

GBP/USD intraday: support area at 1.9730 Pivot: 1.973

Our preference: Long positions above 1.973 with targets @ 1.9845 & 1.9896 in extension.

Alternative scenario: Below 1.973 look for further downside with 1.969 & 1.9655 as targets.

Comment: the 30-min RSI is close to a support area.

Attached Image

Don't chase the market, Let the market come to you

Post #61,551
Quote
Apr 14, 2008 3:18pm Apr 14, 2008 3:18pm

tomaz55
| Joined Jan 2007 | Status: Member | 225 Posts

Quoting shajib

Disliked

9780-9800 seems quite strong resistance. Good luck.

Ignored

thx shajib

i will look to sell around 9800 for the 9600 level

are you flat?

Post #61,552
Quote
Apr 14, 2008 3:20pm Apr 14, 2008 3:20pm

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,852 Posts

Quoting priceaction

Disliked

Nav, perhaps it will help if you lower your trade size (to reduce the tension in you) and reduce the chart watching (to minimise your actions).

Then go with the plan man.
Rob

Ignored

sounds like a plan bro ...thats my next step.....

Post #61,553
Quote
Edited 4:04pm Apr 14, 2008 3:53pm | Edited 4:04pm

priceaction
| Commercial Member | Joined Nov 2007 | 1,079 Posts

Consider this weekly chart and basic price action ...

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Post #61,554
Quote
Apr 14, 2008 3:54pm Apr 14, 2008 3:54pm

shajib
| Joined Feb 2008 | Status: Member | 62 Posts

Quoting tomaz55

Disliked

thx shajib

i will look to sell around 9800 for the 9600 level

are you flat?

Ignored

I have a short position which was opened at 9845. Looking to add one more at 9785. SL 9825-ish. 1st TP in the region of 9650 hopefully after bad housing news. obviously we need to see a clean break of 9725 first.

I still think g/u will have another run towards 9900 from 9600/50 region once strong inflation data is released on Tuesday. Besides if either TIC or Business Cond. Index comes out lower, Dow will continue to drop giving more reason for g/u to rally. Technically, the line in the sand for me is 9600. As long as we are trading above it, I will hold my g/u long positions as there seems to be a strong base forming at that level.

Post #61,555
Quote
Apr 14, 2008 3:57pm Apr 14, 2008 3:57pm

Kokan
| Joined Mar 2007 | Status: Should I stay, or should I go | 73 Posts

Quoting nAVIN2007

Disliked

sounds like a plan bro ...thats my next step.....

Ignored

Navin I know what you are going trough.
Try with fibonacci daily pivot points.
No need to calculate.
Take them from Action forex and place them on your chart.
It will give you visual direction and how far it could go.
When it come to resistance or support you will se the action and make a decision.

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Post #61,556
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Apr 14, 2008 4:00pm Apr 14, 2008 4:00pm

Kokan
| Joined Mar 2007 | Status: Should I stay, or should I go | 73 Posts

Quoting Kokan

Disliked

Navin I know what you are going trough.
Try with fibonacci daily pivot points.
No need to calculate.
Take them from Action forex and place them on your chart.
It will give you visual direction and how far it could go.
When it come to resistance or support you will se the action and make a decision.

Ignored

Now it has bounced from the resistance 1

Post #61,557
Quote
Apr 14, 2008 4:05pm Apr 14, 2008 4:05pm

Kokan
| Joined Mar 2007 | Status: Should I stay, or should I go | 73 Posts

Quoting Kokan

Disliked

Now it has bounced from the resistance 1

Ignored

Take a look how EUR-USD was going trough pivots.
You can follow price action all day assuming it will come to the target you see. If not you can close a trade.

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Post #61,558
Quote
Apr 14, 2008 4:28pm Apr 14, 2008 4:28pm

Ceco-Ku4ev
| Joined Dec 2007 | Status: Member | 48 Posts

Quoting tomaz55

Disliked

long 9755 tp 9800

Ignored

yes, i'm in the absolutely same trade with stop at BE and part of the profit taken.

Post #61,559
Quote
Apr 14, 2008 4:28pm Apr 14, 2008 4:28pm

Kokan
| Joined Mar 2007 | Status: Should I stay, or should I go | 73 Posts

Quoting Kokan

Disliked

Take a look how EUR-USD was going trough pivots.
You can follow price action all day assuming it will come to the target you see. If not you can close a trade.

Ignored

To elaborate a picture.
We have had a gap at the beginning of the session.
The price was playing on support 3 and than it bounced up to the r2.
If you were placed an order at beginning if Tokyo session you could follow the price trough pivot pints and adding on each passing trough pivot and gain more than 200 pips. At the end on the resistance 2 you could place sell order and gain 50 pips.