Just digging in the trenches like everyone else!
Cable Update (GBPUSD)
- #102,841
- Dec 1, 2008 7:11pm Dec 1, 2008 7:11pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
- #102,842
- Dec 1, 2008 7:12pm Dec 1, 2008 7:12pm
- | Joined Jul 2008 | Status: Trader | 1,010 Posts
i have a sell order at the 200ema on the 5m charts at 4965 
- #102,843
- Dec 1, 2008 7:15pm Dec 1, 2008 7:15pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Good job bro! I knew you were covered!
I still favour shorts though..
Patience + Discipline - Greed = Success
- #102,844
- Dec 1, 2008 7:23pm Dec 1, 2008 7:23pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
Looking back at my 15m chart. If I was watching price action, I would have went long at 4864 after the 6:45pm EST (New York Time) closed and new 15m candle opened. I wasn't here though. So, that's two long signals for my system. ....hmmm.....I'm not ready for that bus though.
Open a 2nd trade long @4891 (7:16pm) closed @4911. 37 pips total.
Then he took a 5 pip loss.
Now we have to work on entering at the 15 minute mark.
32 pips in an hour, not bad for the little fella.
HOLLA
- #102,845
- Dec 1, 2008 7:24pm Dec 1, 2008 7:24pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
That our style bro..!! It is always better to get stopped out in profit than to see a winning trade turn negative.
I still favour shorts though..
Just digging in the trenches like everyone else!
- #102,846
- Dec 1, 2008 7:27pm Dec 1, 2008 7:27pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
How funny, on my son's demo account he went long @4868 (7:02pm), closed @4885.
Open a 2nd trade long @4891 (7:16pm) closed @4911. 37 pips total.
Then he took a 5 pip loss.
Now we have to work on entering at the 15 minute mark.
32 pips in an hour, not bad for the little fella.
HOLLA
Good job with the coaching...I'm outta my long with 30. Back to family time!
We are making the pips in opposite directions...
Patience + Discipline - Greed = Success
- #102,849
- Edited 8:12pm Dec 1, 2008 8:00pm | Edited 8:12pm
Over extended, will be at 4806 by morning.
Jim
Hic, yesterday, I made 500 p short from 1.5350 to 1.4850.
First target reached and I wait to sell at a bounce now with target at 1.45...
Good luck !
You guys are the reason I won't be getting any sleep tonight.
Everyone's been coming to this thread telling us this exact same thing. So I've decided not to sleep till I get to catch one "tsunami" like all you guys did.
Good luck to you too!
- #102,850
- Dec 1, 2008 9:09pm Dec 1, 2008 9:09pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
How funny, on my son's demo account he went long @4868 (7:02pm), closed @4885.
Open a 2nd trade long @4891 (7:16pm) closed @4911. 37 pips total.
Then he took a 5 pip loss.
Now we have to work on entering at the 15 minute mark.
32 pips in an hour, not bad for the little fella.
HOLLA
Just digging in the trenches like everyone else!
- #102,851
- Dec 1, 2008 9:16pm Dec 1, 2008 9:16pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Great job bro!!
We are making the pips in opposite directions...
Just digging in the trenches like everyone else!
- #102,853
- Dec 1, 2008 10:09pm Dec 1, 2008 10:09pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Just digging in the trenches like everyone else!
- #102,854
- Dec 1, 2008 10:20pm Dec 1, 2008 10:20pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Just digging in the trenches like everyone else!
- #102,855
- Dec 1, 2008 10:53pm Dec 1, 2008 10:53pm
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
I don't no if she's ready to go down there just yet. I'm long at 4890, only scalping though, so If your SL is above 4950, you should be fine. That's where I'll be looking to go short from, if we even get up that high. I don't know where she's going, so I'll dance with her and let her lead the way.
Good luck on your trade and I hope we both make money!
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #102,856
- Dec 1, 2008 11:08pm Dec 1, 2008 11:08pm
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
Hello bro, analyzing price action vs ema really very interesting. 1st lesson for me M15/50 is the strong resistance. Though to break, but the last new candle looks like break it, then maybe more up till M15/62. I wait for there to test a short with a tight SL ! But the perfectly short if touches H1/62 around 1.51xx. Am I right bro ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #102,857
- Dec 1, 2008 11:16pm Dec 1, 2008 11:16pm
2nd lesson when she touches M15/62, drop more than 15 pips quickly. Let us see she will break or fail to pass it. Unfortunately my pending order short isn't filled ! I put 1.4947, the highest up 1.4937 then drop !
- #102,858
- Dec 1, 2008 11:55pm Dec 1, 2008 11:55pm
- | Joined Apr 2008 | Status: Trader | 1,231 Posts
I always wondered why 62 ma? why not 67, 85? is it a magical number? I understand when people plot 1h 120 ma. It is an ma of 5 days - trading week. It makes sense. But what is behind 62? every ma acts as s/r and the bigger the number the stronger the support. But why 62 is so popular I can't catch. Maybe somebody can reveal the secret?
I use an 8, 15, 50, and 200. the 8 and 15 for crosses, and the 50/200 to see where bulls/bears stand in a certain time frame.
- #102,860
- Dec 2, 2008 12:09am Dec 2, 2008 12:09am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
I always wondered why 62 ma? why not 67, 85? is it a magical number? I understand when people plot 1h 120 ma. It is an ma of 5 days - trading week. It makes sense. But what is behind 62? every ma acts as s/r and the bigger the number the stronger the support. But why 62 is so popular I can't catch. Maybe somebody can reveal the secret?
Patience + Discipline - Greed = Success