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Cable Update (GBPUSD)

  • #100,021
  • Nov 20, 2008 10:49pm Nov 20, 2008 10:49pm

I start Short this early morning at 1.4796, when i return home from work my SL already hit at 1.4736

Any early chart from senior?
wut ya all think where today market ll flows?

ps:to many orc, and saruman is not home,,, hehe...


Learning, is a never ending processs...
  • #100,022
  • Nov 20, 2008 10:58pm Nov 20, 2008 10:58pm
Quoting Rasheed

I start Short this early morning at 1.4796, when i return home from work my SL already hit at 1.4736

Any early chart from senior?
wut ya all think where today market ll flows?

ps:to many orc, and saruman is not home,,, hehe...

It is my today platform to trade based on what happen yesterday ! The yellow line are my supp/res line. Hmmm ... I might do short much more than long ! Btw congratz for the good job !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #100,023
  • Nov 20, 2008 11:38pm Nov 20, 2008 11:38pm
It's hovering around the pivot level.
It can go either way from here hopefully north
  • #100,024
  • Nov 20, 2008 11:47pm Nov 20, 2008 11:47pm
Quoting gagakrimba
It's hovering around the pivot level.
It can go either way from here hopefully north
One more test how strong 1.4820/25 become a new support level !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #100,025
  • Nov 21, 2008 12:04am Nov 21, 2008 12:04am

I hope she ll head north too...
but for how long?
Long at 1.4834

Learning, is a never ending processs...
  • #100,026
  • Nov 21, 2008 12:13am Nov 21, 2008 12:13am
Why north guys??
Keep It Simple Stupid
  • #100,027
  • Nov 21, 2008 12:16am Nov 21, 2008 12:16am
what time frames you trading on?
Keep It Simple Stupid
  • #100,028
  • Nov 21, 2008 12:31am Nov 21, 2008 12:31am
possible return to in fact touch 1.4700 but maybe not
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When life gives you lemons, make lemonade
  • #100,029
  • Nov 21, 2008 12:33am Nov 21, 2008 12:33am
it might be time to head south again.
the charts are becoming overbought.
Keep It Simple Stupid
  • #100,030
  • Nov 21, 2008 1:11am Nov 21, 2008 1:11am
Not my usual trading session....
....but I am short from the 1h 62ema (entry price 1.4878)...
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Patience + Discipline - Greed = Success
  • #100,031
  • Nov 21, 2008 1:27am Nov 21, 2008 1:27am
Quoting Infinity
Not my usual trading session....
....but I am short from the 1h 62ema (entry price 1.4878)...
me too, but it didn't touch on my charts, so got in a bit late at 4871
please DON'T copy my trades I am still learning
  • #100,032
  • Nov 21, 2008 1:31am Nov 21, 2008 1:31am
Quoting Infinity
Not my usual trading session....
....but I am short from the 1h 62ema (entry price 1.4878)...
was a bit annoyed actually because it was at 4884 so had a pending sell there which obviously didn't trigger. Do you set a sell order or do it by hand, and if you set order do you do it just under so it's more likely to get triggered?

thanks
please DON'T copy my trades I am still learning
  • #100,033
  • Nov 21, 2008 1:31am Nov 21, 2008 1:31am
Here is another way to look at things. I entered when we broke consolidation but let a candle open above the 23.6 of the last down move at 1.4780. I opened with 2 positions of 5 standard lots and set my target 5 pips shy of the 61.8. I took the first position out and am giving the second the chance to run. I will continue to move my stop up in profit on the second. Just a little different approach than some in here.

PT
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Zone Breakout Method
  • #100,034
  • Nov 21, 2008 1:47am Nov 21, 2008 1:47am
I missed that entry as I did yesterday. It worked a treat yesterday and I think it will bounce off there again today.

This market is so equities shy at the moment that I think the morning will probably range as these London Equities traders don't seem able to set a direction. From what I have noticed, the London equities session often takes initial direction from the Tokyo close and then mimics NY's movement during the start of the US session.

With Dow having sunk so low at the close, and so much this week, it's possible that we see a US equities bounce today. I hope so as it would be nice to see this get back up to a good level for a big short when the markets collapse again.

I suspect I be will trading scalp shorts using the FTSE as a guide till NY opens.


Quoting Infinity
Not my usual trading session....
....but I am short from the 1h 62ema (entry price 1.4878)...
Ride the Bulls bearback!
  • #100,035
  • Nov 21, 2008 1:57am Nov 21, 2008 1:57am
Quoting alcando
I missed that entry as I did yesterday. It worked a treat yesterday and I think it will bounce off there again today.

This market is so equities shy at the moment that I think the morning will probably range as these London Equities traders don't seem able to set a direction. From what I have noticed, the London equities session often takes initial direction from the Tokyo close and then mimics NY's movement during the start of the US session.

With Dow having sunk so low at the close, and so much this week, it's possible that we see a US equities...
cool idea! where can we look at ftse charts?
  • #100,036
  • Nov 21, 2008 1:59am Nov 21, 2008 1:59am
im not going to short this below 1.4896
When life gives you lemons, make lemonade
  • #100,037
  • Nov 21, 2008 2:05am Nov 21, 2008 2:05am
My trading platform, IGindex services bets on them so they provide line charts of the Wall street and FTSE futures. I am using the equities for direction and the chart for entries and most of the time (especially when the equities tumble) there is a significant correlation.

Quoting vorschlag
cool idea! where can we look at ftse charts?
Ride the Bulls bearback!
  • #100,038
  • Nov 21, 2008 2:06am Nov 21, 2008 2:06am
Quoting micho
im not going to short this below 1.4896

4H 38.2?
  • #100,039
  • Nov 21, 2008 2:08am Nov 21, 2008 2:08am
Quoting Vourvoul
4H 38.2?
yep but maybe above 1.4869 will be fine too since we have this pin bar on the 4H ruining the exact trend swing high so will look for a signal above 69 but ur stop should be above 1.5039 so ... target would be 1.5 minimum reward to ratio...
When life gives you lemons, make lemonade
  • #100,040
  • Nov 21, 2008 2:09am Nov 21, 2008 2:09am
Quoting alcando
My trading platform, IGindex services bets on them so they provide line charts of the Wall street and FTSE futures. I am using the equities for direction and the chart for entries and most of the time (especially when the equities tumble) there is a significant correlation.
what timeframe do you use for the ftse?
please DON'T copy my trades I am still learning
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