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Cable Update (GBPUSD)

  • #92,361
  • Oct 17, 2008 2:31pm Oct 17, 2008 2:31pm
Quoting eohater
I've already begun! Have a great weekend bro!
Patience + Discipline - Greed = Success
  • #92,362
  • Oct 17, 2008 2:37pm Oct 17, 2008 2:37pm
Quoting Infinity
Weekly chart still says short rallies... Next week should be good.... Anyway.. Enjoy your weekend and you know that it would be criminal if you forgot to party....

Nice chart.
  • #92,363
  • Oct 17, 2008 3:29pm Oct 17, 2008 3:29pm
Quoting hipcio
on 4hr chart I can see a reversed H&S - I am long from 6858 +130 now
I do not know if it is good decision but I still keep it
I think it topped out at 70 (right shoulder). If that's so, next week should be down, but as EOHater has taught me, I WILL NOT PREDICT

  • #92,364
  • Oct 17, 2008 8:02pm Oct 17, 2008 8:02pm
Quoting PipGal
I think it topped out at 70 (right shoulder). If that's so, next week should be down, but as EOHater has taught me, I WILL NOT PREDICT

Predicting which direction the price is going to go can inhibit ones ability to trade what they see. I do use trend lines and channels to play off of and try and see what type of action is going to occur, but I don't set my mind that she's going to go here and that's that and enter the trade with a hail mary (I've lost alot of money with this mindset!). I don't have a problem going short or long on cable, the setup just needs to be there. Yes the overall trend is down, just look at any chart. My 3 1/2 year old can tell me the direction of the trend.
Just digging in the trenches like everyone else!
  • #92,365
  • Oct 17, 2008 8:13pm Oct 17, 2008 8:13pm
Here's how my day of trading worked out.

Here's the 15m chart setup:

Orange Line: 10ema
Red Line: 35sma
Blue Line: 50sma

My entries are all upon the opening of the following candle that is circled. The only trade that is an exception on this chart is the last trade of the day for me where I played the bounce off the 10ema.

There were some very nice trades to be had today. I only made 80 pips today. It was Friday and my weekly goal was already met and she traded really tight today with some of the higher time frame MA's bouncing between them. Just look at your 4h Chart with the 10sma and 5sma overlayed.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.JPG Size: 134 KB
Just digging in the trenches like everyone else!
  • #92,366
  • Oct 17, 2008 9:03pm Oct 17, 2008 9:03pm
Hey eohater, I have a few questions on your strategy, pls see attached. thanks for the great chart
Attached File(s)
File Type: doc Questions on 15 M TF.doc   181 KB | 404 downloads
  • #92,367
  • Oct 17, 2008 9:04pm Oct 17, 2008 9:04pm
Quoting PipGal
Hey eohater, I have a few questions on your strategy, pls see attached. thanks for the great chart
Where's your attachment?
Just digging in the trenches like everyone else!
  • #92,368
  • Oct 17, 2008 9:07pm Oct 17, 2008 9:07pm
Quoting eohater
Where's your attachment?
It came up for me.....a delay reaction, but I got it!!

HOLLA
  • #92,369
  • Oct 17, 2008 9:10pm Oct 17, 2008 9:10pm
Quoting PipGal
Hey eohater, I have a few questions on your strategy, pls see attached. thanks for the great chart
Yep, that 7390.

Still thinking about that one while I was driving today, couldn't believe I missed that entry!

Oh well, will catch a seat on Sunday/Monday!!

HOLLA
  • #92,370
  • Oct 17, 2008 9:16pm Oct 17, 2008 9:16pm
Quoting PipGal
Hey eohater, I have a few questions on your strategy, pls see attached. thanks for the great chart
Here you go. Make sure your using the 10ema not sma.
Attached Image
Just digging in the trenches like everyone else!
  • #92,371
  • Oct 17, 2008 9:17pm Oct 17, 2008 9:17pm
Quoting Turtle
Yep, that 7390.

Still thinking about that one while I was driving today, couldn't believe I missed that entry!

Oh well, will catch a seat on Sunday/Monday!!

HOLLA
I know brother! I feel the same way. Hell I had posted it during the prior US Session that I would be watching for a short there. My ass just fell asleep and I didn't have an order pending.
Just digging in the trenches like everyone else!
  • #92,372
  • Oct 17, 2008 9:19pm Oct 17, 2008 9:19pm
Quoting eohater
Here you go. Make sure your using the 10ema not sma.
Brilliant! Thank you trillions.
  • #92,373
  • Oct 17, 2008 9:20pm Oct 17, 2008 9:20pm
Quoting eohater
I know brother! I feel the same way. Hell I had posted it during the prior US Session that I would be watching for a short there. My ass just fell asleep and I didn't have an order pending.
Yep towards the end of the week, lack of sleep sometimes gets to me too!!

HOLLA
  • #92,374
  • Oct 17, 2008 9:22pm Oct 17, 2008 9:22pm
Quoting Turtle
Yep towards the end of the week, lack of sleep sometimes gets to me too!!

HOLLA
It was actually from partying to hard on Wed and Thursday!
Just digging in the trenches like everyone else!
  • #92,375
  • Oct 17, 2008 9:23pm Oct 17, 2008 9:23pm
Quoting PipGal
Brilliant! Thank you trillions.
I hope it helps!
Just digging in the trenches like everyone else!
  • #92,376
  • Oct 17, 2008 9:25pm Oct 17, 2008 9:25pm
Quoting PipGal
Brilliant! Thank you trillions.
I'm going to post a chart on a trade that I took a loss of 52 pips on from Thursday. This will also clarify some of your questions.
Just digging in the trenches like everyone else!
  • #92,377
  • Oct 17, 2008 9:25pm Oct 17, 2008 9:25pm
Quoting eohater
It was actually from partying to hard on Wed and Thursday!
That's what I actually meant!!!

No worries tonight....get to sleep in tomorrow and Sunday!

HOLLA
  • #92,378
  • Oct 17, 2008 9:38pm Oct 17, 2008 9:38pm
Here's a bad trade of mine from Thursday. I ignored all my primary rules. I even stated when I took the inital trade short that I was bored. Here's the post even #92082

Key reason to trade what you see, not force a trade.
Attached Image (click to enlarge)
Click to Enlarge Name: mistake.JPG Size: 122 KB
Just digging in the trenches like everyone else!
  • #92,379
  • Oct 17, 2008 9:50pm Oct 17, 2008 9:50pm
Quoting eohater
Here's a bad trade of mine from Thursday. I ignored all my primary rules. I even stated when I took the inital trade short that I was bored. Here's the post even #92082

Key reason to trade what you see, not force a trade.
And you know what....that threw me for a loop!

But hey, we all have done it!

HOLLA
  • #92,380
  • Oct 17, 2008 9:52pm Oct 17, 2008 9:52pm
Quoting Turtle
And you know what....that threw me for a loop!

But hey, we all have done it!

HOLLA
My mind was made up that when she hit the 1h 62ema that she would fall back to the days low, so I felt fine holding it to the 1h 62 and adding to my short thinking I would just have more of a position. Back to the motto: Don't try and predict where price is going!
Just digging in the trenches like everyone else!
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