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Cable Update (GBPUSD)

  • #82,681
  • Aug 17, 2008 10:14pm Aug 17, 2008 10:14pm
Quoting eohater
Went long again at 1.8666 SL 1.8630 and TP at 1.8696
sounds good, you'll be in profit either way...but.....a retest of 1.8511 should be in the works and I'll go long from there.

  • #82,682
  • Aug 17, 2008 10:18pm Aug 17, 2008 10:18pm
Quoting AmeriTrini
sounds good, you'll be in profit either way...but.....a retest of 1.8511 should be in the works and I'll go long from there.

Oh yeah! I'm not going to miss that boat ride down to 1.8511 again. I rode it last week and I'm gonna ride it again I hope. This is just a quick trade, should be it closed out within an hour and a half for the short ride back down. I'll go long again at 1.8511. I'm thinking the ride might only go to 1.852x area. This is where I will TP and determine if it's time to go back up.
Just digging in the trenches like everyone else!
  • #82,683
  • Aug 17, 2008 10:38pm Aug 17, 2008 10:38pm
Quoting fioranno599
I see a short term reversal for cable. to me it looks 1.8511 bottom at this moment. Took my short cable profit from 1.9935 at 1.8600 when it turn up.
Will see Monday.....

I realised most traders on ff are trying to impose their views on the market. I paid dearly to that during my early trading year.

Now I learn to go with the flow. Example, Cable started giving shorting signal from 2.0155 and the blow off( to my reading ) at 1.9967. When there was a TL cut on 28/07 and ema5 crossed ema 8 on 29/07 on 4H chart, well thats it Idecided to follow through the trend.

Took out my profit at 1.8600 cause I see maybe a hammer is forming but waiting for confirmation on Monday 18/08. If that does not happen I will be taking off for short fun break with my lovely family. May down a bit and if the candle is a bullish candle then I may go long and my reading maybe up to 1.9052

its only my 2 cents........happy trading and be sure to learn discipline, discipline and discipline. make your own luck cherio
dearest all traders friends. just sharing piece of my reading of cable....cheers always
  • #82,684
  • Aug 17, 2008 10:41pm Aug 17, 2008 10:41pm
Quoting eohater
Went long again at 1.8666 SL 1.8630 and TP at 1.8696
Closed position at 1.8691.
Just digging in the trenches like everyone else!
  • #82,685
  • Aug 17, 2008 10:41pm Aug 17, 2008 10:41pm
[quote=AmeriTrini;2170005]
Quoting poweredbuyer

I'm going to start a petition to ban!!!!..........
i second
  • #82,686
  • Aug 17, 2008 10:46pm Aug 17, 2008 10:46pm
Quoting eohater
Closed position at 1.8691.
Short again at 1.8693, SL at 1.8715 with TP at 1.8670.
Just digging in the trenches like everyone else!
  • #82,687
  • Edited Aug 18, 2008 12:12am Aug 17, 2008 11:59pm | Edited Aug 18, 2008 12:12am
Looks like we are heading down, lower lows are in play. However, I am not placing any trade, I rather place a buy if we don't break 1.8511, which I expect to hold. If 1.8511 is not broken, it signals a countertrend move, where I would target the weekly pivot at 1.8796 as the first TP.
Attached Image (click to enlarge)
Click to Enlarge Name: Countertrend.JPG Size: 122 KB
  • #82,688
  • Aug 18, 2008 12:24am Aug 18, 2008 12:24am
Triangle forming on the 5 min chart.
Keep It Simple Stupid
  • #82,689
  • Aug 18, 2008 1:14am Aug 18, 2008 1:14am
Quoting Alastair
Triangle forming on the 5 min chart.
it's ready to move. Long or short? 4 hour and day candles indicate bullish.
  • #82,690
  • Aug 18, 2008 1:17am Aug 18, 2008 1:17am
Quoting LetsTrade
it's ready to move. Long or short? 4 hour and day candles indicate bullish.
not sure man. rather going to wait and see. see what happens when london opens.
Keep It Simple Stupid
  • #82,691
  • Aug 18, 2008 1:34am Aug 18, 2008 1:34am
Quoting Alastair
not sure man. rather going to wait and see. see what happens when london opens.
Long signal confirmed. Now, to what level before it turns?
  • #82,692
  • Aug 18, 2008 1:40am Aug 18, 2008 1:40am
Quoting eohater
Short again at 1.8693, SL at 1.8715 with TP at 1.8670.
Closed for a loss and reentered long at 1.8695
Just digging in the trenches like everyone else!
  • #82,693
  • Aug 18, 2008 1:51am Aug 18, 2008 1:51am
Quoting eohater
Closed for a loss and reentered long at 1.8695
Profit locked in at 1.8697 with 1st TP at 1.8750. I'm hitting the pipe and going to bed. See everyone in about 5 hours.
Just digging in the trenches like everyone else!
  • #82,694
  • Aug 18, 2008 2:11am Aug 18, 2008 2:11am
If it breaks above 1.8725, then 1st TP 1.8790 and 2nd TP 1.8930.

If it breaks below 1.8680, then 1st TP 1.8620 and 2nd TP 1.8525. We will know in next 5 minutes, if it will break short.
  • #82,695
  • Aug 18, 2008 2:12am Aug 18, 2008 2:12am
[quote=torcuswelby;2170053]
Quoting AmeriTrini
i second
what will be your arguments for calling the right direction?
Pathetic that you people are calling for my ban. How does that affect my trading results

I am selling from 8709 to 8570 area before buying again. I am closing my back collecting every bit of pips along the way,

I will not elaborate further because of peopple calling to ban me sorry for you guys
  • #82,696
  • Aug 18, 2008 2:24am Aug 18, 2008 2:24am
Quoting eohater
Closed for a loss and reentered long at 1.8695

another loss i guess
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #82,697
  • Aug 18, 2008 2:32am Aug 18, 2008 2:32am
[quote=fxbroker;2170256]
Quoting torcuswelby

what will be your arguments for calling the right direction?
Pathetic that you people are calling for my ban. How does that affect my trading results

I am selling from 8709 to 8570 area before buying again. I am closing my back collecting every bit of pips along the way,

I will not elaborate further because of peopple calling to ban me sorry for you guys
Fixed stoploss at 27pips away from entry while targetting 8570 with trailing stop. I will move stop loss to 50pips away from entry when it is cleared.

This is just only one platform, did not enter trade for other platforms. will be watching see what one get out today.

happy trading and you can call for my ban and give sufficient reason why you want me banned.
  • #82,698
  • Aug 18, 2008 2:37am Aug 18, 2008 2:37am
[quote=fxbroker;2170293]
Quoting fxbroker

Fixed stoploss at 27pips away from entry while targetting 8570 with trailing stop. I will move stop loss to 50pips away from entry when it is cleared.

This is just only one platform, did not enter trade for other platforms. will be watching see what one get out today.

happy trading and you can for my ban and give sufficient reason why you want me banned.
Attached Image
When life gives you lemons, make lemonade
  • #82,699
  • Aug 18, 2008 2:40am Aug 18, 2008 2:40am
Attached Image (click to enlarge)
Click to Enlarge Name: youve-been-banned.jpg Size: 41 KB
When life gives you lemons, make lemonade
  • #82,700
  • Aug 18, 2008 2:43am Aug 18, 2008 2:43am
[quote=fxbroker;2170293]
Quoting fxbroker

Fixed stoploss at 27pips away from entry while targetting 8570 with trailing stop. I will move stop loss to 50pips away from entry when it is cleared.



happy trading
Better to be hearing this!!!!!!!!!!!!!!
Keep It Simple Stupid
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