Cable Update (GBPUSD)
- #84,222
- Aug 27, 2008 1:19am Aug 27, 2008 1:19am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
How do you personally use 62ema on 1hr chart..?
What I am saying is that you should put the indicator on your 1h chart and use it as support and resistance. When in an uptrend, it acts as resistance, in a downtrend it acts as support....but it is safer to go with the direction of the longer term trend.... I just shorted it on the last failure to close above it..
Patience + Discipline - Greed = Success
I don't understand your question....
What I am saying is that you should put the indicator on your 1h chart and use it as support and resistance. When in an uptrend, it acts as resistance, in a downtrend it acts as support....but it is safer to go with the direction of the longer term trend.... I just shorted it on the last failure to close above it..
- #84,226
- Aug 27, 2008 1:31am Aug 27, 2008 1:31am
- Joined Mar 2008 | Status: Fooled by randomness | 8,361 Posts
guys, anybody has an idea why this shit cable is trending as well in the Asian session this month?
When life gives you lemons, make lemonade
- #84,229
- Aug 27, 2008 2:01am Aug 27, 2008 2:01am
You guys must plot the 62ema on your 1hr chart.. You will not regret it.... It just gave me 50 quick short pips....
Sleep time...
\sorry for asking a dumb question, but what is the ema, what does it stand for? I'm fairly new to all this.
Thanks
please DON'T copy my trades I am still learning
- #84,232
- Aug 27, 2008 2:10am Aug 27, 2008 2:10am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
guys, anybody has an idea why this shit cable is trending as well in the Asian session this month?
- #84,233
- Aug 27, 2008 2:14am Aug 27, 2008 2:14am
- | Joined Jul 2008 | Status: Trader | 2,130 Posts
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
- #84,235
- Aug 27, 2008 2:20am Aug 27, 2008 2:20am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
You guys must plot the 62ema on your 1hr chart.. You will not regret it.... It just gave me 50 quick short pips....
Sleep time...
i realised yesterday what im doing wrong and i have to say..i have been working of support and resistance and lack of trendlines...i did my trendlines yesterday after and i see.there really isnt any substitute for trendlines..
my posting this to u because i think in the past i said trendline are whack and mostly give bad signals but i guess this is the case when u have them in the wrong place....
happy trading bro...
- #84,236
- Aug 27, 2008 2:22am Aug 27, 2008 2:22am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #84,238
- Aug 27, 2008 2:24am Aug 27, 2008 2:24am
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
i think u have a fantastic trade....but one of my rules now is sell in downtrend buy in uptrend ..so i plan to stick to this as i cannot lose more this month...
Just digging in the trenches like everyone else!
- #84,240
- Aug 27, 2008 2:28am Aug 27, 2008 2:28am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts