Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#87,581
Sep 12, 2008 7:09am Sep 12, 2008 7:09am

pip me
| Joined Dec 2007 | Status: Trader | 149 Posts

same h1 chart i posted ealier and the candle came down to touch it and bounce perfectly...kinda pretty

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#87,582
Sep 12, 2008 7:13am Sep 12, 2008 7:13am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting pip me

Disliked

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

Ignored

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

....99% of people in here fall in this trap me included

#87,583
Sep 12, 2008 7:14am Sep 12, 2008 7:14am

hipcio
| Joined Apr 2008 | Status: Trader | 1,171 Posts

+31pps

Jesus Christ is my only Lord !

#87,584
Sep 12, 2008 7:23am Sep 12, 2008 7:23am

ezmystic
| Joined Jul 2008 | Status: 1 pip at a time... | 642 Posts

what do we reckon about the US news out in 5

please DON'T copy my trades I am still learning

#87,585
Sep 12, 2008 7:24am Sep 12, 2008 7:24am

bbmac
Joined Jul 2007 | Status: Trader | 5,392 Posts

just as that 7680-87 area acted as support on the fall from 7737highs, so it acts asresistance on a challencge from the underside following it's breech to the downside...5min chart shows it well

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ex member

#87,586
Sep 12, 2008 7:26am Sep 12, 2008 7:26am

pip me
| Joined Dec 2007 | Status: Trader | 149 Posts

Quoting nAVIN2007

Disliked

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 ....99% of people in here fall in this trap me included

Ignored

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

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting pip me

Disliked

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?

Ignored

sounds good....im trying to refine my entries so i have relatively no drawdown so i can build my account up and learning to trust my lines..i think this will breakout only because the fib targets for the shorts arent being reached and the lows are becoming very close to each other.....i saw a 2 hr chart yesterday and it told me we heading up..that was the only reason i didnt myself sell at the top dailly trendline..

#87,588
Sep 12, 2008 7:38am Sep 12, 2008 7:38am

pip me
| Joined Dec 2007 | Status: Trader | 149 Posts

Quoting nAVIN2007

Disliked

sounds good....im trying to refine my entries so i have relatively no drawdown so i can build my account up and learning to trust my lines..i think this will breakout only because the fib targets for the shorts arent being reached and the lows are becoming very close to each other.....i saw a 2 hr chart yesterday and it told me we heading up..that was the only reason i didnt myself sell at the top dailly trendline..

Ignored

thanks for the input, much appreciated