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Cable Update (GBPUSD)

  • #86,421
  • Sep 8, 2008 8:29am Sep 8, 2008 8:29am
i really think we should go a little up in case we want to resume to trend down.....
When life gives you lemons, make lemonade
  • #86,422
  • Sep 8, 2008 8:32am Sep 8, 2008 8:32am
Quoting AmeriTrini
why are you thinking this? This is a forum, share ideas

absolutely bro....people keep trying to make predictions without any proof..i have been reading material and is one of the most flawed approach to trading

im seeing a higher low on 1hr chart..im thinking we may have found a temporary bottom..am waiting to see if we can get a higher high now..
  • #86,423
  • Sep 8, 2008 8:35am Sep 8, 2008 8:35am
Quoting nAVIN2007
absolutely bro....people keep trying to make predictions without any proof..i have been reading material and is one of the most flawed approach to trading

im seeing a higher low on 1hr chart..im thinking we may have found a temporary bottom..
i agree with you, some people make predictions without proofs... but i dont make predictions without proof

i agree always on the small trend up on the 1h but probably a small one as a retracement
When life gives you lemons, make lemonade
  • #86,424
  • Sep 8, 2008 8:36am Sep 8, 2008 8:36am
Quoting nAVIN2007
absolutely bro....people keep trying to make predictions without any proof..i have been reading material and is one of the most flawed approach to trading

im seeing a higher low on 1hr chart..im thinking we may have found a temporary bottom..am waiting to see if we can get a higher high now..

Nav, I have already made my 50 pips for today........
  • #86,425
  • Sep 8, 2008 8:42am Sep 8, 2008 8:42am
Quoting AmeriTrini
Nav, I have already made my 50 pips for today........
great stuff bro
  • #86,426
  • Sep 8, 2008 8:55am Sep 8, 2008 8:55am
sorry guys higher low on 4hr chart....not 1 hr

nope dont listen to me...im talking crap....theres nothing to suggest we found the low on 4hr, i guess what i was trying to say is the downtrend needs confirmation .and looking for a lower high at least
  • #86,427
  • Sep 8, 2008 9:22am Sep 8, 2008 9:22am
Quoting eohater
This is what I'm currently looking at.
I entered my short at 1.7945 with 5 lots once the next candle opened. Currently SL is at 1.78. I don't know how long I'll hold this for, but at this rate I'll hold it until we hit the bottom of hell.
Just digging in the trenches like everyone else!
  • #86,428
  • Sep 8, 2008 9:31am Sep 8, 2008 9:31am
Quoting eohater
I entered my short at 1.7945 with 5 lots once the next candle opened. Currently SL is at 1.78. I don't know how long I'll hold this for, but at this rate I'll hold it until we hit the bottom of hell.
Great job on that bro...
Patience + Discipline - Greed = Success
  • #86,429
  • Sep 8, 2008 9:32am Sep 8, 2008 9:32am
Quoting eohater
I entered my short at 1.7945 with 5 lots once the next candle opened. Currently SL is at 1.78. I don't know how long I'll hold this for, but at this rate I'll hold it until we hit the bottom of hell.
thats some great trading...
  • #86,430
  • Sep 8, 2008 9:34am Sep 8, 2008 9:34am
Quoting eohater
I entered my short at 1.7945 with 5 lots once the next candle opened. Currently SL is at 1.78. I don't know how long I'll hold this for, but at this rate I'll hold it until we hit the bottom of hell.
SL at 1.78 and you're short from 1.7945??...........
  • #86,431
  • Sep 8, 2008 9:39am Sep 8, 2008 9:39am
Quoting AmeriTrini
SL at 1.78 and you're short from 1.7945??...........
Don't be confused. I entered the trade at midnight (est) time last night. When I went to bed this morning I moved my stop loss to 1.78. I'm thinking I'll hold this bitch for a while and add short positions at key prices. Either way I'm locked in with 145 pips on 5 lots. I have no worries!
Just digging in the trenches like everyone else!
  • #86,432
  • Sep 8, 2008 9:40am Sep 8, 2008 9:40am
Quoting nAVIN2007
thats some great trading...
Thanks bro! I loved the set up. I posted it last night while it was developing.
Just digging in the trenches like everyone else!
  • #86,433
  • Sep 8, 2008 9:41am Sep 8, 2008 9:41am
Quoting dznmrd
I'm monitoring on 6 time frames,

Weekly,daily,4h,1h,m30,m5 ....

Attachment

It looks uptrend to me for now, besides that the fact that the price started 100-200pips above last weeks close is another indication of uptrend and also the fact that NFP and Unemployment news came out bad on friday..

I think even a kid could know its an uptrend from all this.... But hey.. still cant say unless it hit 1.8000 at least once.
I hope you are ok after that move.... I also hope you revisited the definition of uptrend and downtrend....
Patience + Discipline - Greed = Success
  • #86,434
  • Sep 8, 2008 9:42am Sep 8, 2008 9:42am
Quoting eohater
I entered my short at 1.7945 with 5 lots once the next candle opened. Currently SL is at 1.78. I don't know how long I'll hold this for, but at this rate I'll hold it until we hit the bottom of hell.


eohater we were right on last night with those sells at 1.7950.

Still holding for me as well great work. stop loss for me is at +200

I love these trades
  • #86,435
  • Sep 8, 2008 9:42am Sep 8, 2008 9:42am
Quoting eohater
Don't be confused. I entered the trade at midnight (est) time last night. When I went to bed this morning I moved my stop loss to 1.78. I'm thinking I'll hold this bitch for a while and add short positions at key prices. Either way I'm locked in with 145 pips on 5 lots. I have no worries!


No whats confusing me is that if you entered at 7945, shouldn't your SL be above 7945??, limit should be less than 7945, if you entered short.
  • #86,436
  • Sep 8, 2008 9:44am Sep 8, 2008 9:44am
Quoting AmeriTrini
No whats confusing me is that if you entered at 7945, shouldn't your SL be above 7945??, limit should be less than 7945, if you entered short.
I think he has locked in 145 pips of profit with a 1.78 stop loss so there is no way he can loose on this trade.Very good trade IMO.
Please ask questions and share your experiences with us all!
  • #86,437
  • Sep 8, 2008 9:45am Sep 8, 2008 9:45am
Quoting AmeriTrini
No whats confusing me is that if you entered at 7945, shouldn't your SL be above 7945??, limit should be less than 7945, if you entered short.
I see, my original Stop Loss when I entered the trade was 1.80. Once I had profit secured, I moved my Stop Loss up to cover the trade. I have an undetermined take profit at this point in time. Longs and Shorts are always in play. This will just keep my on the short side for a while.
Just digging in the trenches like everyone else!
  • #86,438
  • Sep 8, 2008 9:46am Sep 8, 2008 9:46am
Quoting eohater
I see, my original Stop Loss when I entered the trade was 1.80. Once I had profit secured, I moved my Stop Loss up to cover the trade. I have an undetermined take profit at this point in time. Longs and Shorts are always in play. This will just keep my on the short side for a while.

Gotcha!!...........
  • #86,439
  • Sep 8, 2008 9:48am Sep 8, 2008 9:48am
was a perfect entry, signal was there also, i almost took it but i didnt, i wish i did now thou..oh well i got the week of work, actually resigned, starting new job next week ...

i can at least this week trade and try find a solution to hedging issue
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  • #86,440
  • Sep 8, 2008 9:49am Sep 8, 2008 9:49am
Quoting steelhead
eohater we were right on last night with those sells at 1.7950.

Still holding for me as well great work. stop loss for me is at +200

I love these trades
Good job steelhead! We were all on the same page with this trade last night. I agree, the set up was perfect for the trade. Hardly any drawdown on the account and nothing but a clear road ahead for a while.

Do me a favor and pm me when you go long!
Just digging in the trenches like everyone else!
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