same h1 chart i posted ealier and the candle came down to touch it and bounce perfectly...kinda pretty
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Cable Update (GBPUSD)
- #87,582
- Sep 12, 2008 7:13am Sep 12, 2008 7:13am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
thanks for the feedback.
a little confused tho...why are you saying my emotions got the better of me? is it because i was saying the bounce of a tripple bottom/top?
and the daily top trend line, do you mean the daily pivot s/r?
thanks Navin
greed = emotion
only u know for sure
....99% of people in here fall in this trap me included 
- #87,583
- Sep 12, 2008 7:14am Sep 12, 2008 7:14am
- | Joined Apr 2008 | Status: Trader | 1,171 Posts
Jesus Christ is my only Lord !
- #87,585
- Sep 12, 2008 7:24am Sep 12, 2008 7:24am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #87,586
- Sep 12, 2008 7:26am Sep 12, 2008 7:26am
well in my case it emotion, ask yourself why u entered in the middle of the channel and overlooked the dailly top trendline, most people would likely say, i thought it was going to breakout, forum screaming longs...u enter long maybe cause u didnt want to miss the move? which inturn is greed, because lack of signals
greed = emotion
only u know for sure
i see your point...i entered long because i thought it would bounce off the 1.7864xx s/r level which it had just done...i missed my take profit by 5 pips, i was just trying to scalp up to 1.7710 from 1.7698 (very samll profit, I know) then when it hit 1.7710 i was going to wait for it to hit my support line again and then go long again...that's when i thought it would take off due to a regular tripple top/bottoms on the M5 then price takin off. i like to find a trend and then scalp s/r areas...workin so far
any thoughts?
- #87,587
- Sep 12, 2008 7:34am Sep 12, 2008 7:34am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #87,591
- Sep 12, 2008 7:43am Sep 12, 2008 7:43am
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Jesus Christ is my only Lord !
- #87,592
- Sep 12, 2008 7:45am Sep 12, 2008 7:45am
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- #87,596
- Sep 12, 2008 7:52am Sep 12, 2008 7:52am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
thanks for the input, much appreciated
- #87,597
- Sep 12, 2008 7:53am Sep 12, 2008 7:53am
- | Joined Dec 2007 | Status: Senior Member | 1,461 Posts
Trading is 80% Emotional, 20% Technical
- #87,598
- Sep 12, 2008 7:53am Sep 12, 2008 7:53am
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"Invest With The Insiders, Not The Masses"
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- #87,600
- Sep 12, 2008 8:06am Sep 12, 2008 8:06am
- | Joined Apr 2008 | Status: Trader | 1,171 Posts
Jesus Christ is my only Lord !