Well...
I am all out of ideas...
Looking for a short as I think profit taking will take place in about half an hour.
I really don't see it going up to 56 though. (because of 5580 in the way)
I'll enter short once it break thro` 55
Cable Update (GBPUSD)
- #101,021
- Nov 25, 2008 12:41pm Nov 25, 2008 12:41pm
- | Membership Revoked | Joined Aug 2008 | 1,097 Posts
I'll enter short once it break thro` 55
- #101,022
- Nov 25, 2008 12:44pm Nov 25, 2008 12:44pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
I suppose if there were no losers then there could be no winners. Just hope that one of you guys ate my pips and not any of the corporates
Just digging in the trenches like everyone else!
- #101,023
- Nov 25, 2008 12:45pm Nov 25, 2008 12:45pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
hello again,
here are my charts
chart one, we can see 5 trends on 15M (we consider only the up trends since 1h and 4h RSI>50) you see the first big uptrend, then small up trends that followed. i am gonna call them trend 1, 2, 3,4 and 5
Now we'll look closer at the 5 trends to see them clearer in the 5M chart... we see each trend on the 15M can be composed of 2 trends or more in the 5M chart.
Trend #1 on the 15M:
if we look at trend 1 in the 15M chart, we see was no significant retracement below the 38% Fibonacci to enter a long position. however looking at the trend #1 part 2 in the 5M chart we see 3 possible entries.
Trend #2 on the 15M:
No signal with the candles in the 5M charts, we see it breaking the 79% downwards also
For all other trends:
See pics
Don't forget the RR should be 1.5 otherwise dont take the trade
so if we were sleeping like me, and missed the big trend... still plenty of chances like eohater says and sorry for fucking up the whole page with black and white pics
here are my charts
chart one, we can see 5 trends on 15M (we consider only the up trends since 1h and 4h RSI>50) you see the first big uptrend, then small up trends that followed. i am gonna call them trend 1, 2, 3,4 and 5
Now we'll look closer at the 5 trends to see them clearer in the 5M chart... we see each trend on the 15M can be composed of 2 trends or more in the 5M chart.
Trend #1 on the 15M:
if we look at trend 1 in the 15M chart, we see was no significant retracement below the 38% Fibonacci to enter a long position. however looking at the trend #1 part 2 in the 5M chart we see 3 possible entries.
Trend #2 on the 15M:
No signal with the candles in the 5M charts, we see it breaking the 79% downwards also
For all other trends:
See pics
Don't forget the RR should be 1.5 otherwise dont take the trade
so if we were sleeping like me, and missed the big trend... still plenty of chances like eohater says
and sorry for fucking up the whole page with black and white pics
When life gives you lemons, make lemonade
- #101,024
- Nov 25, 2008 12:46pm Nov 25, 2008 12:46pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
When life gives you lemons, make lemonade
- #101,025
- Nov 25, 2008 12:47pm Nov 25, 2008 12:47pm
- Joined Jun 2008 | Status: Trader | 1,739 Posts
Sounds like you are having issues bro....
have loads of respect for many posters on here, particularly those whom display lots of honesty.
- #101,026
- Edited 12:59pm Nov 25, 2008 12:49pm | Edited 12:59pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
no issues from this side of the pond, bro... aside from the cold, grey and wet weather, imcompetent politicians, price of beer and entering the worst economic downturn in nearly 30 years.... hahaha.... seriously, life is great, i just like to moan a little, nothing serious, just being English!
have loads of respect for many posters on here, particularly those whom display lots of honesty.
I have very good weather here.....absolutely lovely weather...
Same economic shit though...
Patience + Discipline - Greed = Success
- #101,028
- Nov 25, 2008 12:58pm Nov 25, 2008 12:58pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
we're going to 1.5488 
When life gives you lemons, make lemonade
- #101,029
- Nov 25, 2008 12:59pm Nov 25, 2008 12:59pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #101,030
- Nov 25, 2008 1:00pm Nov 25, 2008 1:00pm
- Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
- #101,031
- Nov 25, 2008 1:01pm Nov 25, 2008 1:01pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Great...
I have very good weather here.....absolutely lovely weather...
Same economic shit though...
Just digging in the trenches like everyone else!
- #101,032
- Nov 25, 2008 1:02pm Nov 25, 2008 1:02pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
I am confused !
Half my wad is in GBP and half in USD
If I stay in the U.S. I have just made money (my GBP is worth more USD)
If I go back 'home' to the UK I have just lost money (My USD is worth less GBP)
Think I will get a boat and sail back and forth
When life gives you lemons, make lemonade
- #101,033
- Nov 25, 2008 1:02pm Nov 25, 2008 1:02pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
That's why I keep leaning towards Jamaica as my next home!
- #101,034
- Nov 25, 2008 1:09pm Nov 25, 2008 1:09pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
my opinion now... maybe down to 1.54 then up to 1.5488 then downhill profit taking... what do you think all
When life gives you lemons, make lemonade
- #101,035
- Nov 25, 2008 1:10pm Nov 25, 2008 1:10pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Patience + Discipline - Greed = Success
- #101,036
- Nov 25, 2008 1:10pm Nov 25, 2008 1:10pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
good fruit there too ..
Patience + Discipline - Greed = Success
- #101,037
- Nov 25, 2008 1:13pm Nov 25, 2008 1:13pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
When life gives you lemons, make lemonade
- #101,038
- Nov 25, 2008 1:15pm Nov 25, 2008 1:15pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
lol i didnt expect to get the pips that fast... hoho... take it easy cable
Patience + Discipline - Greed = Success
- #101,039
- Nov 25, 2008 1:15pm Nov 25, 2008 1:15pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
short peoples be careful now... still didn't touch the target at 1.5488 so it can go up anytime... watch for signals
When life gives you lemons, make lemonade
- #101,040
- Nov 25, 2008 1:17pm Nov 25, 2008 1:17pm
- Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts