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Cable Update (GBPUSD)

  • #101,541
  • Nov 26, 2008 1:32pm Nov 26, 2008 1:32pm
Quoting Infinity
Sometimes it is good ......but moves like today's dip....
I would like to add one more to that.

Well I closed my short at 5315 which cover for the SLs she ate from me today.

Goodnight, Happy Thanksgiving eo.

See yall morrow.
  • #101,542
  • Nov 26, 2008 1:34pm Nov 26, 2008 1:34pm
Quoting Vourvoul
I would like to add one more to that.

Well I closed my short at 5315 which cover for the SLs she ate from me today.

Goodnight, Happy Thanksgiving eo.

See yall morrow.
Good job!!...
Patience + Discipline - Greed = Success
  • #101,543
  • Nov 26, 2008 1:35pm Nov 26, 2008 1:35pm
Quoting Vourvoul
I would like to add one more to that.

Well I closed my short at 5315 which cover for the SLs she ate from me today.

Goodnight, Happy Thanksgiving eo.

See yall morrow.
Thanks bro! I'll be on during the Asian session playing ping pong with her ass across the MA's.

Please understand everyone, I have two trading accounts. My long is on my primary account. I use my secondary account during low volume times because the spread is fixed on that account.
Just digging in the trenches like everyone else!
  • #101,544
  • Nov 26, 2008 1:40pm Nov 26, 2008 1:40pm
time to chill out

enjoy
Inserted Video
When life gives you lemons, make lemonade
  • #101,545
  • Nov 26, 2008 1:45pm Nov 26, 2008 1:45pm
Quoting Infinity
That m15 close was below the m15 50ema by the way. The next one will confirm if it is broken or not..
Yup... broken now...
Patience + Discipline - Greed = Success
  • #101,546
  • Nov 26, 2008 1:47pm Nov 26, 2008 1:47pm
Hehe. Nope, I was in the back seat. The driver was drunk and shouting, watch this!!! Fugga'ss!! I jumped off when he became maniacal and then rode her up for 100. Went to put the kid to bed and set a tight stop and it stopped out for a tidy sum.

I am convinced that this move was a setup tho. I mean, I am no fundie on these things, but this old girl has been shadowing the markets up and down like a lovesick puppy. The Dow was pumping when everyone sold off. The big sell off in my opinion was profit taking to set up long positions prior to tomorrow. If the dow closes in the green today, all the markets will rally 2moro and we are going to drive this bus all the way up that H1 channel to end up in the 156 range by Friday.

I dont trade the asian session tho and wont be staking hard earned pips on a trade I can't monitor so I am just throwing an opinion into the mix.

All this talk of a holiday is making me thirsty tho. Time for a beer.



Quoting Vourvoul
That driver was a fkn maniac dude...

I was sitting there waiting all day, in all calmness and patience and the bus came crashing on the bus stop sign. Honestly, I thought it was you driving that bus, as you said you'd bring it there just that you had no idea where the brake was.

When it bounced the second time I was on the floor bleeding...
Ride the Bulls bearback!
  • #101,547
  • Nov 26, 2008 1:54pm Nov 26, 2008 1:54pm
Happy Thanksgiving and thanks for all the help and great posts this week.

Good luck everyone.

PT
Zone Breakout Method
  • #101,548
  • Nov 26, 2008 1:59pm Nov 26, 2008 1:59pm
Cheers Dude, Great advice this week and Happy holidays.

Quoting PowerTrader
Happy Thanksgiving and thanks for all the help and great posts this week.

Good luck everyone.

PT
Ride the Bulls bearback!
  • #101,549
  • Nov 26, 2008 2:03pm Nov 26, 2008 2:03pm
Quoting Infinity
You have the right kind of trade bro... stop is in profit so you can't lose either way..

That m15 close was below the m15 50ema by the way. The next one will confirm if it is broken or not..
You in on any of this bro?

I've just closed out 4 lots for 100 and letting the remaining lots run with the bulls.
Just digging in the trenches like everyone else!
  • #101,550
  • Nov 26, 2008 2:08pm Nov 26, 2008 2:08pm
Quoting eohater
You in on any of this bro?

I've just closed out 4 lots for 100 and letting the remaining lots run with the bulls.
Great job on your long bro!!
No.. I haven't entered another since I closed the long at 5300. I am already over my daily target so not much motivation to trade more.

I was looking at this on the h1...
Attached Image
Patience + Discipline - Greed = Success
  • #101,551
  • Nov 26, 2008 2:12pm Nov 26, 2008 2:12pm
Quoting Infinity
Great job on your long bro!!
No.. I haven't entered another since I closed the long at 5300. I am already over my daily target so not much motivation to trade more.

I was looking at this on the h1...
and this...
Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 24 KB
Patience + Discipline - Greed = Success
  • #101,552
  • Nov 26, 2008 2:15pm Nov 26, 2008 2:15pm
Quoting Infinity
Great job on your long bro!!
No.. I haven't entered another since I closed the long at 5300. I am already over my daily target so not much motivation to trade more.

I was looking at this on the h1...
Now that looks interesting! hmmmm

She's coming together and could pop either way. I'd say we'll test the lower 1h channel and possible smash the shit out of it. She did a damn good job of piercing through it today. We all know that cable doesn't want to or need to be this damn high. Once the US Session closes, she goes back down, but once the US Session opens it's tied to the DOW right now and when the DOW goes up, so does cable and vice versa. The DOW is currently in the range of 7800 - 9200 and we're only 550 points away from the top of that range. The DOW is far from being able to break out and get above 10000. Interesting I'd say, very interesting. I'll be keeping my eye on this merger we might be coming into.
Just digging in the trenches like everyone else!
  • #101,553
  • Nov 26, 2008 2:19pm Nov 26, 2008 2:19pm
All my trades were closed out, I ended the day positive after all. I live to fight with forex again!!!
  • #101,554
  • Nov 26, 2008 2:20pm Nov 26, 2008 2:20pm
Quoting eohater
Now that looks interesting! hmmmm

She's coming together and could pop either way. I'd say we'll test the lower 1h channel and possible smash the shit out of it. She did a damn good job of piercing through it today. We all know that cable doesn't want to or need to be this damn high. Once the US Session closes, she goes back down, but once the US Session opens it's tied to the DOW right now and when the DOW goes up, so does cable and vice versa. The DOW is currently in the range of 7800 - 9200 and we're only 550 points away from the top of that...
Here's something else...
Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 26 KB
Patience + Discipline - Greed = Success
  • #101,555
  • Nov 26, 2008 2:21pm Nov 26, 2008 2:21pm
How about this on the 4h?
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 121 KB
Just digging in the trenches like everyone else!
  • #101,556
  • Nov 26, 2008 2:22pm Nov 26, 2008 2:22pm
Quoting AmeriTrini
All my trades were closed out, I ended the day positive after all. I live to fight with forex again!!!
Good to hear bro!
Do you trade with stop loss?
Patience + Discipline - Greed = Success
  • #101,557
  • Nov 26, 2008 2:30pm Nov 26, 2008 2:30pm
Quoting AmeriTrini
All my trades were closed out, I ended the day positive after all. I live to fight with forex again!!!
welldone buddy.....glad u came out positive...on a day like today..

imagine the guys who went long near the top, especially the one EO mentioned:

by the way EO he never ever gonna forget yur words now brother..i dont think i will either..
  • #101,558
  • Nov 26, 2008 2:33pm Nov 26, 2008 2:33pm
Well the shorts were short lived, will the longs last long?
Just Trade It
  • #101,559
  • Nov 26, 2008 2:34pm Nov 26, 2008 2:34pm
Quoting nAVIN2007
welldone buddy.....glad u came out positive...on a day like today..

imagine the guys who went long near the top, especially the one EO mentioned:

by the way EO he never ever gonna forget yur words now brother..i dont think i will either..
Just digging in the trenches like everyone else!
  • #101,560
  • Nov 26, 2008 2:36pm Nov 26, 2008 2:36pm
Quoting Big Wave Rider
Well the shorts were short lived, will the longs last long?
Well, I can't answer that question. I have longs from 5255 and shorts from 5365. TWO different accounts, I don't hedge, but I'm not against scalping against my long or vice versa when the time comes.
Just digging in the trenches like everyone else!
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