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Cable Update (GBPUSD)

  • #103,121
  • Dec 2, 2008 9:05am Dec 2, 2008 9:05am
Quoting nAVIN2007
i get 1.4619 target ....but i will be just happy to get out of this one if it sinks
i thnk that in your case or any other similar case if it starts going your way is to set a stop loss say at the high of the day and keep trailing it down with the move and dont run away once you get to Breakeven but just keep trailing the stop especially if you had short signal. i know its easy to run away too quickly because of the previous emotiuons.

i know this as it happened many times before )
  • #103,122
  • Dec 2, 2008 9:05am Dec 2, 2008 9:05am
Quoting xx13x13
my entry is 1.4795 and target is 1.4723 you think i must do BE?
so far its you, me and navin in the same situation. i'm looking at dollar index and it seems that weekly pivot holds strong there. it testes about 4 times already.
  • #103,123
  • Dec 2, 2008 9:06am Dec 2, 2008 9:06am
Quoting eohater
Good job bro! I played it twice and got out both times at 5000. You and our other brother nailed it a couple more than me. 120 pips in 2 hours is not bad though. Let's see if we get it one more time now!
I hear bro.....

Just.......

HOLLA
  • #103,124
  • Dec 2, 2008 9:07am Dec 2, 2008 9:07am
Quoting lexazver
i thnk that in your case or any other similar case if it starts going your way is to set a stop loss say at the high of the day and keep trailing it down with the move and dont run away once you get to Breakeven but just keep trailing the stop especially if you had short signal. i know its easy to run away too quickly because of the previous emotiuons.

i know this as it happened many times before )
THX
  • #103,125
  • Dec 2, 2008 9:11am Dec 2, 2008 9:11am
Quoting Turtle
I hear bro.....

Just.......

HOLLA
Damn bro! I figured you would have went long with me off the 15m 10ema. Charging the 1h 62. I'll consider switching based upon price action. We've hit the 1h 62 twice, third time might send us through it.
Just digging in the trenches like everyone else!
  • #103,126
  • Dec 2, 2008 9:17am Dec 2, 2008 9:17am
Quoting xx13x13
my entry is 1.4795 and target is 1.4723 you think i must do BE?
are u still on that trade?and are u short?
  • #103,127
  • Dec 2, 2008 9:17am Dec 2, 2008 9:17am
Quoting eohater
Damn bro! I figured you would have went long with me off the 15m 10ema. Charging the 1h 62. I'll consider switching based upon price action. We've hit the 1h 62 twice, third time might send us through it.
Yea, missed my entry, was handling some personal stuff!

No worries, another bus will come by!

HOLLA
  • #103,128
  • Dec 2, 2008 9:19am Dec 2, 2008 9:19am
Quoting Turtle
Yea, missed my entry, was handling some personal stuff!

No worries, another bus will come by!

HOLLA
Yes, another bus will come by for sure. You made quota today? I'm there. It's all bonus for me now.
Just digging in the trenches like everyone else!
  • #103,129
  • Dec 2, 2008 9:23am Dec 2, 2008 9:23am
Quoting eohater
Yes, another bus will come by for sure. You made quota today? I'm there. It's all bonus for me now.
Yup...double my quota today.

I like the sound of the bonus round!!!

Funny thing is that it seems whatever the market does on Monday it has the opposite effect on Tuesday!!

HOLLA
  • #103,130
  • Dec 2, 2008 9:29am Dec 2, 2008 9:29am
Quoting eohater
Damn bro! I figured you would have went long with me off the 15m 10ema. Charging the 1h 62. I'll consider switching based upon price action. We've hit the 1h 62 twice, third time might send us through it.
If a new candle opens below M15/10 ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #103,131
  • Dec 2, 2008 9:29am Dec 2, 2008 9:29am
now i like what pound is doing i think we are ready for a downward move, just hope nothing comes in its way now
  • #103,132
  • Dec 2, 2008 9:38am Dec 2, 2008 9:38am
Quoting Turtle
Yup...double my quota today.

I like the sound of the bonus round!!!

Funny thing is that it seems whatever the market does on Monday it has the opposite effect on Tuesday!!

HOLLA
Now your seeing it! My long was stopped out with +3. Yeah! That's how you add to your bonus round!
Just digging in the trenches like everyone else!
  • #103,133
  • Dec 2, 2008 9:40am Dec 2, 2008 9:40am
Quoting manize
If a new candle opens below M15/10 ?
Then I start looking at the pitch of the 10 and 21 because if it closes below the 10, the 21 is below it. If it's flat, I'm more inclined to go short, if it's still pitched upwards, I'm long, if we've been going down and the pitch is still downwards, I'm going short. I got stopped out of my long because I was putting my daughter down for her nap. I'm home the first half of today.
Just digging in the trenches like everyone else!
  • #103,134
  • Dec 2, 2008 9:41am Dec 2, 2008 9:41am
Quoting eohater
Now your seeing it! My long was stopped out with +3. Yeah! That's how you add to your bonus round!


HOLLA
  • #103,135
  • Dec 2, 2008 9:46am Dec 2, 2008 9:46am
Long again at 4967. Might not be good!!
Just digging in the trenches like everyone else!
  • #103,136
  • Dec 2, 2008 9:53am Dec 2, 2008 9:53am
Hope we will close our short with some pips. I hope my down signal will come any moment now.
  • #103,137
  • Dec 2, 2008 9:57am Dec 2, 2008 9:57am
Quoting moewenger
Hope we will close our short with some pips. I hope my down signal will come any moment now.
1.493x seems strong area once throgh there should be some more down
  • #103,138
  • Dec 2, 2008 9:58am Dec 2, 2008 9:58am
closed short from 1.5040 @ 1.4938 there is fibo line @ 4hour chart looking for long
  • #103,139
  • Dec 2, 2008 10:01am Dec 2, 2008 10:01am
Quoting PipLand
1.493x seems strong area once throgh there should be some more down
yeah!'s an important s/r level today. in the asian session it was tested today.
right now i'm trailing it. my SL is at pivot.
  • #103,140
  • Dec 2, 2008 10:01am Dec 2, 2008 10:01am
Quoting steelhead
the lines are a few places I would consider shorts. First level would be at market price. Positions would be small and would be added to if it went up.

I would also scale down to 15 minute witch i dont do much and watch the price here. if it hits a brick wall it most likely will head down. Watch the candles see if they get smaller and smaller that is a good indication the upmove is exhousted.

Back to my journal I go


Later

Right of the first line i drew. If you took a position there light and had more bullets in the gun incase it went up that is great.

that is the way to trade. Dont blow your whole wad on one price build positions
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