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Cable Update (GBPUSD)

  • #93,561
  • Oct 23, 2008 2:01pm Oct 23, 2008 2:01pm
technically when do you consider the trend to be ended? after breaching the 61%? the 75%? or something else?
When life gives you lemons, make lemonade
  • #93,562
  • Oct 23, 2008 2:02pm Oct 23, 2008 2:02pm
Quoting Infinity
That's right bro.. I am done for the day too..
We'll catch up tonight. Family time is about to begin for me too.

Excellent trading today bro!
Just digging in the trenches like everyone else!
  • #93,563
  • Oct 23, 2008 2:04pm Oct 23, 2008 2:04pm
Quoting micho
technically when do you consider the trend to be ended? after breaching the 61%? the 75%? or something else?
Trends are all in the timeframe that you trade. The weekly trend might be down, but you might have 2 days of nothing but longs. Whatever charts you trade from is you definition of the trend. So many people get caught up in the trend is the only way. It's not. She moves up and down all the time.
Just digging in the trenches like everyone else!
  • #93,564
  • Oct 23, 2008 2:07pm Oct 23, 2008 2:07pm
Damn! She might hit the 1h 50ema soon than I thought. I've got my TP set at 1.63 for my remaining lots open. We'll see some action when she hits the 1h 50ema. Expect some pull back. If she stays above the 1h 10ema, then go long from there and target the 1h 62ema.
Just digging in the trenches like everyone else!
  • #93,565
  • Oct 23, 2008 2:07pm Oct 23, 2008 2:07pm
Quoting eohater
Trends are all in the timeframe that you trade. The weekly trend might be down, but you might have 2 days of nothing but longs. Whatever charts you trade from is you definition of the trend. So many people get caught up in the trend is the only way. It's not. She moves up and down all the time.
yeah but when do you consider that a particular trend has ended?
When life gives you lemons, make lemonade
  • #93,566
  • Oct 23, 2008 2:08pm Oct 23, 2008 2:08pm
next resistance 1.6338, then 1.6385
When life gives you lemons, make lemonade
  • #93,567
  • Oct 23, 2008 2:09pm Oct 23, 2008 2:09pm
Quoting micho
yeah but when do you consider that a particular trend has ended?
I don't really worry about it. If you look at your monthly chart, tell me the direction of the trend long term (YEARS NOW) If you don't say up then I'm sending my 3 1/2 year old over to help!
Just digging in the trenches like everyone else!
  • #93,568
  • Oct 23, 2008 2:10pm Oct 23, 2008 2:10pm
Quoting eohater
Damn! She might hit the 1h 50ema soon than I thought. I've got my TP set at 1.63 for my remaining lots open. We'll see some action when she hits the 1h 50ema. Expect some pull back. If she stays above the 1h 10ema, then go long from there and target the 1h 62ema.
Come on! Give em to me. I need 7 more pips!
Just digging in the trenches like everyone else!
  • #93,569
  • Oct 23, 2008 2:11pm Oct 23, 2008 2:11pm
i missed the big move on that long bud just caught the last 64 pips upto 295.
i can't comlain today at all.
i'm out to finish "normal" work and to get my kids.
cya
  • #93,570
  • Oct 23, 2008 2:12pm Oct 23, 2008 2:12pm
Quoting eohater
Come on! Give em to me. I need 7 more pips!
I've closed them manually at 1.6292. Might have been wrong, but I'm taken them off the table. New ride will be around the corner!
Just digging in the trenches like everyone else!
  • #93,571
  • Oct 23, 2008 2:13pm Oct 23, 2008 2:13pm
Quoting dakrusha
i missed the big move on that long bud just caught the last 64 pips upto 295.
i can't comlain today at all.
i'm out to finish \"normal\" work and to get my kids.
cya
Later bro! Catch you tonight during the Asian session/London open!
Just digging in the trenches like everyone else!
  • #93,572
  • Oct 23, 2008 2:15pm Oct 23, 2008 2:15pm
38 here we go lol lol
am i the lucky winner??
When life gives you lemons, make lemonade
  • #93,573
  • Oct 23, 2008 2:15pm Oct 23, 2008 2:15pm
Quoting eohater
I've closed them manually at 1.6292. Might have been wrong, but I'm taken them off the table. New ride will be around the corner!
Look at her, she said 1h 50ema what? She did it and I didn't hold on long enough. Oh well. Who am I to complain that's another 76 for the day to my 455.
Just digging in the trenches like everyone else!
  • #93,574
  • Oct 23, 2008 2:17pm Oct 23, 2008 2:17pm
Quoting eohater
Look at her, she said 1h 50ema what? She did it and I didn't hold on long enough. Oh well. Who am I to complain that's another 76 for the day to my 455.
its friday already here!! lol so 1.6385 here we come
When life gives you lemons, make lemonade
  • #93,575
  • Oct 23, 2008 2:18pm Oct 23, 2008 2:18pm
I've gotta go! Family is waiting and I'm sobbing from closing my long out (not really, I'm not greedy!). If anyone wants me to post today's chart and trades, please let me know and I'll get it together tonight. I don't know if these help people or not.
Just digging in the trenches like everyone else!
  • #93,576
  • Oct 23, 2008 2:20pm Oct 23, 2008 2:20pm
Quoting micho
its friday already here!! lol so 1.6385 here we come
Careful bro! Watch for the pullback for value and confirmation of entry. The current 15m candle is forming to show a turn back down.
Just digging in the trenches like everyone else!
  • #93,577
  • Oct 23, 2008 2:21pm Oct 23, 2008 2:21pm
Quoting eohater
I've gotta go! Family is waiting and I'm sobbing from closing my long out (not really, I'm not greedy!). If anyone wants me to post today's chart and trades, please let me know and I'll get it together tonight. I don't know if these help people or not.

im waiting the new thread
When life gives you lemons, make lemonade
  • #93,578
  • Oct 23, 2008 2:22pm Oct 23, 2008 2:22pm
good night i see you tomorrow

When life gives you lemons, make lemonade
  • #93,579
  • Oct 23, 2008 2:23pm Oct 23, 2008 2:23pm
Quoting micho
im waiting the new thread
Should I guys? Does anyone else want me to start a journal on how I trade? Please let me know.
Just digging in the trenches like everyone else!
  • #93,580
  • Oct 23, 2008 2:26pm Oct 23, 2008 2:26pm
Quoting eohater
Should I guys? Does anyone else want me to start a journal on how I trade? Please let me know.
Eohater, as a lurker I must say you have so far been awesome from what I see. I won't speak for anyone else, but your charts are definitely something I would like to see. You are rarely ever wrong, so I know you know your stuff. Anyways, just my vote, if it's not trouble to you.
therealisttruest (FF wouldn't let me put my full ID because of length)
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