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Cable Update (GBPUSD)

  • #91,401
  • Oct 13, 2008 1:02pm Oct 13, 2008 1:02pm
Quoting PipGal
Question, how would you know it will "go back to the day's recent high"? Are you saying she will try to test it?
It's just something she (sorry I refer to cable as she) does. It's tried to break through the 15m 50 and didn't have much success, now she's hitting her head on the 10ema. If she breaks the 10 with a close above it, then I would expect the next candle to initially go down, but end higher than the 10 and continue back up. As long as she's below the 10, I would not feel confortable with a long position, I would wait for her to go back to the 4h 50ema and go short again.
Just digging in the trenches like everyone else!
  • #91,402
  • Oct 13, 2008 1:04pm Oct 13, 2008 1:04pm
Quoting nangro
What is EA?..yeah i'm still student and my trading money is just from my saving because i don't work yet and it so much more little compare to guys here..So the safest trade is play it small with 0.1 lot and learn this market so after i work i have enough money to put in forex market after i'm rich i get out from work and specialized this forex market! but after all my equity has 100% gain from september i start..hope i can survive this market continously..
well in my humble opinion, i will tell you one thing.. focus on your real work... dont focus on forex... forex is random, its risky, its not stable... and you can lose your hard earned money in a second... or in a month or in a year...

EA is an automated trading platform... there are two ways of earning stable money in FOREX and only 2 ways: 1- statistical trading and 2- Hedging and getting interest... thats the only two ways for stable profit... i used in my EA statistical trading but in these difficult days... the pattern changed and statistics are getting random as well... so save your hard earned money... and be carefullllllllll
When life gives you lemons, make lemonade
  • #91,403
  • Oct 13, 2008 1:06pm Oct 13, 2008 1:06pm
Quoting big_pipin
IMO, gu is in buying territory. Don't let the money train leave you behind .
Yes, another 10 pips from 1.7300 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #91,404
  • Oct 13, 2008 1:08pm Oct 13, 2008 1:08pm
Quoting eohater
Thanks bro!

How are you doing?
doing ok, for now..........my grandmother is out of the hospital as of friday, so I'll be back to trading!!
  • #91,405
  • Oct 13, 2008 1:09pm Oct 13, 2008 1:09pm
Quoting eohater
It's just something she (sorry I refer to cable as she) does. It's tried to break through the 15m 50 and didn't have much success, now she's hitting her head on the 10ema. If she breaks the 10 with a close above it, then I would expect the next candle to initially go down, but end higher than the 10 and continue back up. As long as she's below the 10, I would not feel confortable with a long position, I would wait for her to go back to the 4h 50ema and go short again.

Thank you! Seriously a fabulous thread. Im learning tons.

OK, so now what..."she" is not able to close above 10EMA....
  • #91,406
  • Oct 13, 2008 1:10pm Oct 13, 2008 1:10pm
Quoting Infinity
closed for 100 pips... I feel impatient today...
Good job bro!

I'm sitting on my thumbs waiting for a new opportunity.
Just digging in the trenches like everyone else!
  • #91,407
  • Oct 13, 2008 1:11pm Oct 13, 2008 1:11pm
Quoting AmeriTrini
doing ok, for now..........my grandmother is out of the hospital as of friday, so I'll be back to trading!!
Yeah! I'm glad to hear she's out, this means she's doing good!
Just digging in the trenches like everyone else!
  • #91,408
  • Oct 13, 2008 1:13pm Oct 13, 2008 1:13pm
Quoting PipGal
Thank you! Seriously a fabulous thread. Im learning tons.

OK, so now what..."she" is not able to close above 10EMA....
Patience!

Volume is low still from lunch and it's about to pick back up. I would expect it to come back down to the 15m 50, fail to close and shoot back up. I could be wrong and mind you I'm not holding a position right now.
Just digging in the trenches like everyone else!
  • #91,409
  • Oct 13, 2008 1:14pm Oct 13, 2008 1:14pm
Quoting eohater
Patience!

Volume is low still from lunch and it's about to pick back up. I would expect it to come back down to the 15m 50, fail to close and shoot back up. I could be wrong and mind you I'm not holding a position right now.

Ha, me and patience don't get along but we're trying to get engaged and give it a go.

Thanks buddy!
  • #91,410
  • Oct 13, 2008 1:19pm Oct 13, 2008 1:19pm
Well i don't know about emas.i use macd and gann.1 hr and 4 hr are below.On 15 retrace could be over.When gann flips i am long.If it flips again i will wait on 1 hr to flip again to go short for now.I take 450 pips that way.Then that 15 m chart could go short now.we will see. and we are above 100 ema on 1 hr so more long then short for now.

Will see later
  • #91,411
  • Oct 13, 2008 1:19pm Oct 13, 2008 1:19pm
Quoting AmeriTrini
doing ok, for now..........my grandmother is out of the hospital as of friday, so I'll be back to trading!!
I wish health and strength for your grandmother..
Patience + Discipline - Greed = Success
  • #91,412
  • Oct 13, 2008 1:19pm Oct 13, 2008 1:19pm
Quoting PipGal
Ha, me and patience don't get along but we're trying to get engaged and give it a go.

Thanks buddy!
Just digging in the trenches like everyone else!
  • #91,413
  • Oct 13, 2008 1:24pm Oct 13, 2008 1:24pm
I just see 1 hr chart as retrace as wel.Litlle more place for down.Soo could be down more 50 61 fib as cable usualy do.This new 4 hr candle bulish momentum but 1 hr berish.So down then up??

will see
  • #91,414
  • Oct 13, 2008 1:36pm Oct 13, 2008 1:36pm
Quoting AmeriTrini
doing ok, for now..........my grandmother is out of the hospital as of friday, so I'll be back to trading!!
We will pray for her good health and speedy recovery bro...
  • #91,415
  • Oct 13, 2008 1:50pm Oct 13, 2008 1:50pm
I hope everyone made some good pips today from my analysis. I tried to walk everyone through what I was seeing as it developed.

I'm probably done trading for the day, but will be lurking around. I need to take care of my other business for a while right now though.

Happy trading to all!

EDIT: I'll post a chart tonight recapping my trade today to see if this helps anyone!
Just digging in the trenches like everyone else!
  • #91,416
  • Oct 13, 2008 1:53pm Oct 13, 2008 1:53pm
Quoting Infinity
I wish health and strength for your grandmother..
same here my friend...
Trading is 80% Emotional, 20% Technical
  • #91,417
  • Oct 13, 2008 1:54pm Oct 13, 2008 1:54pm
Quoting "expert"
I just see 1 hr chart as retrace as wel.Litlle more place for down.Soo could be down more 50 61 fib as cable usualy do.This new 4 hr candle bulish momentum but 1 hr berish.So down then up??

will see

well done!

I have enjoy your analyses taking advantage of it when i can.

How down do you think it will go before going up?
  • #91,418
  • Oct 13, 2008 2:03pm Oct 13, 2008 2:03pm
ok
  • #91,419
  • Oct 13, 2008 2:03pm Oct 13, 2008 2:03pm
New 1 hr candle bearish.I am short from 17280.Lwt see what will happen
  • #91,420
  • Oct 13, 2008 2:09pm Oct 13, 2008 2:09pm
Quoting "expert"
New 1 hr candle bearish.I am short from 17280.Lwt see what will happen
either my computer froze or price isnt moving...
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