Cable Update (GBPUSD)

Quoting ezmystic

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I know. thank heavens for getting out Eohater said it might do that didn't he. He knows his stuff, I'm gonna keep a journal and see if it happens most fridays

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Quoting nAVIN2007

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wow...how lucky were we..... it went up 160 pips already..some crazy shit

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Quoting manize

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That's why I dare go short at the dip and go long at the top, and out quickly when any clue of reverse moving seen at M1 !

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Quoting nAVIN2007

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he certainly does, he is one of those traders that just feels the market and seem to enter right at the turning points.very skilled trader

anyways we are out! now let the weekend begin

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Quoting eohater

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Everyone I am outta here! I hope everyone parties like a rock star this weekend. If you should feel the earth shift, it's because I'm partying my ass off! It's been an excellent week and I'm going to go at it again hard when she opens back up!

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Quoting Turtle

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Let the blazing begin.........

Hope everyone enjoys their weekend!!

HOLLA

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Quoting eohater

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Here's what it means to not buy a top or sell the bottom. The tops are circled in black and the bottoms are circled in blue. There are many more on the chart than what I circled, but I hope you get the idea. Let the price come back and confirm what she's going to do. I know alot of you are getting caught up and your nerves get jumping because all of a sudden you see a major move and you think you've missed it, sometimes, these moves are just shifts, wait til she tells you it's time to ride. Let the price pullback and get in once she's given you confirmation, otherwise, your sitting on your hands sweating like a mad man (or woman) and praying that you get out of the trade.

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Quoting eohater

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I would like to share something with everyone. This is how I traded today. I made two trades. The first trade yielded me 196 pips, if I would have entered at the original turning point, I would have brought in 320 pips. The second trade yielded me 191 pips. If I would have stayed with this trade I could have brought in 275. I'm happy with my 387 pips, 595 would have been nice, but I'm not greedy.

Here's my chart setup for the 15m. The orange line is my 10ema, the red is my 35sma and the blue is my 50sma. Once price got above the 10ema, it was confirmed a change in trend, which was further confirmed by going above the 35sma and 50sma. The top at the 1h 62ema is very common. My entry long was targeting that price with the order to close and go short already placed and pending. Once she touched the price at the 1h 62ema, she went back down. The third downward candle went through the 10ema, with the next candle closing below the 10ema, confirming that shorts were becoming the dominate player. Pay attention to this, this created a new entry point for a short order. When she went back up to test the 10sma, there were 4 good reentry points. So, when you think you've lost the boat, have patience and a new seat will come. The bounce off the 1h 62ema and going through the 10sma with such power, she was bound to hit the 35sma and 50sma and have a bounce, if the bounce would have closed above the 10sma, I would be waiting for further confirmation, she could have still went back up to the 1h 62ema, in which case, my seat would have been taken at the bounce off the 1h 62ema if I missed it in the first place. If I can help anyone with this, please understand not to buy the bottom of a run short nor the top of a run long. She will give you a new place of entry and if not, there is always another trade to come. I don't know very many people that need more than $3800 per week to live on and that's saying you only used 1 standard lot. Another benefit, you only worked 5 hours for the whole week on only one day. Now you can sit back and wait for another setup that fits and take it when it's right. When you go chasing price, you'll loose your ass.

Good luck trading everyone!

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Quoting eohater

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I would like to share something with everyone. This is how I traded today. I made two trades. The first trade yielded me 196 pips, if I would have entered at the original turning point, I would have brought in 320 pips. The second trade yielded me 191 pips. If I would have stayed with this trade I could have brought in 275. I'm happy with my 387 pips, 595 would have been nice, but I'm not greedy.

Here's my chart setup for the 15m. The orange line is my 10ema, the red is my 35sma and the blue is my 50sma. Once price got above the 10ema, it was confirmed a change in trend, which was further confirmed by going above the 35sma and 50sma. The top at the 1h 62ema is very common. My entry long was targeting that price with the order to close and go short already placed and pending. Once she touched the price at the 1h 62ema, she went back down. The third downward candle went through the 10ema, with the next candle closing below the 10ema, confirming that shorts were becoming the dominate player. Pay attention to this, this created a new entry point for a short order. When she went back up to test the 10sma, there were 4 good reentry points. So, when you think you've lost the boat, have patience and a new seat will come. The bounce off the 1h 62ema and going through the 10sma with such power, she was bound to hit the 35sma and 50sma and have a bounce, if the bounce would have closed above the 10sma, I would be waiting for further confirmation, she could have still went back up to the 1h 62ema, in which case, my seat would have been taken at the bounce off the 1h 62ema if I missed it in the first place. If I can help anyone with this, please understand not to buy the bottom of a run short nor the top of a run long. She will give you a new place of entry and if not, there is always another trade to come. I don't know very many people that need more than $3800 per week to live on and that's saying you only used 1 standard lot. Another benefit, you only worked 5 hours for the whole week on only one day. Now you can sit back and wait for another setup that fits and take it when it's right. When you go chasing price, you'll loose your ass.

Good luck trading everyone!

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Quoting ILclitoride

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forexmoments IS BIG LOSER!!!

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Quoting eohater

Disliked

I would like to share something with everyone. This is how I traded today. I made two trades. The first trade yielded me 196 pips, if I would have entered at the original turning point, I would have brought in 320 pips. The second trade yielded me 191 pips. If I would have stayed with this trade I could have brought in 275. I'm happy with my 387 pips, 595 would have been nice, but I'm not greedy.

Here's my chart setup for the 15m. The orange line is my 10ema, the red is my 35sma and the blue is my 50sma. Once price got above the 10ema, it was confirmed a change in trend, which was further confirmed by going above the 35sma and 50sma. The top at the 1h 62ema is very common. My entry long was targeting that price with the order to close and go short already placed and pending. Once she touched the price at the 1h 62ema, she went back down. The third downward candle went through the 10ema, with the next candle closing below the 10ema, confirming that shorts were becoming the dominate player. Pay attention to this, this created a new entry point for a short order. When she went back up to test the 10sma, there were 4 good reentry points. So, when you think you've lost the boat, have patience and a new seat will come. The bounce off the 1h 62ema and going through the 10sma with such power, she was bound to hit the 35sma and 50sma and have a bounce, if the bounce would have closed above the 10sma, I would be waiting for further confirmation, she could have still went back up to the 1h 62ema, in which case, my seat would have been taken at the bounce off the 1h 62ema if I missed it in the first place. If I can help anyone with this, please understand not to buy the bottom of a run short nor the top of a run long. She will give you a new place of entry and if not, there is always another trade to come. I don't know very many people that need more than $3800 per week to live on and that's saying you only used 1 standard lot. Another benefit, you only worked 5 hours for the whole week on only one day. Now you can sit back and wait for another setup that fits and take it when it's right. When you go chasing price, you'll loose your ass.

Good luck trading everyone!

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Quoting Turtle

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That first entry would of been nice, since price follows the 10ema CLOSELY!!!

HOLLA

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Quoting micho

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the 10 EMA follows the price and not vice versa

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Quoting forexlion

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rightly said all ma's follow the price, moving average of the price.

and with that said you are in safe zone now with 5 vouches.

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Quoting gagakrimba

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Anybody has any idea where this baby is going when the market reopen?
South or North?
Will there be any GAP?

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Quoting gagakrimba

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Anybody has any idea where this baby is going when the market reopen?
South or North?
Will there be any GAP?

Ignored