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Cable Update (GBPUSD)

  • #105,421
  • Dec 9, 2008 7:48am Dec 9, 2008 7:48am
Quoting LuckyLurker
look like you got filled, how big is that stop?

over 300 pips....but if it starts moving up Ill start trading aginst my longer term short and make money on the way up...and then take trades back down and adding to it....I can get like 5 different trades in the same pair....lol each have their own limit and each have their own stop...by no means I am hedging....get a bitt annoying when I have so many trades going on
  • #105,422
  • Dec 9, 2008 7:54am Dec 9, 2008 7:54am
Quoting gagakrimba
Sorry bro....
Your bullish divergance has become bearish divergance
Well look daily chart.It plays every time just not same moment.It is daily chart.Takes new day or days for it.Last 2 times we had more then 1000 and 800 pips retrace.Now we don't have new low yet so maybe just maybe bottom is near.When red starts to be green it is divergance play time untill then we have this rally.Last one was so inposible to me,i was thinking we need to se 4000 first but no.I was long most of time and had exelent pips.I am bear by nature so i realy hope to see 4500 broken and closed below on daily level but will see

I watch CNBC news as well and GM bailout didnt done yet and 10Y-note are negative.Usualy cable goes positive then but...Today...
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  • #105,423
  • Dec 9, 2008 7:54am Dec 9, 2008 7:54am
Quoting moewenger
Bro, market is up & down in 15m chart. Do you guys staying away in this kind of market? I'm still learning about ema & sma. Please be kind. I want to master this technique as soon possible.
I only took one trade this morning and that was a short off the 50ema on m15 which I closed for about 70 pips. I am not in a trade now but I wouldn't take a short here unless I was already in one higher up.. here's why...
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Patience + Discipline - Greed = Success
  • #105,424
  • Dec 9, 2008 8:02am Dec 9, 2008 8:02am
whoa..! she's strugglin' tooth & nail, volume seems to have dropped off... not much of a retrace yet, c'mon girl hoist those old panties...LOL
  • #105,425
  • Dec 9, 2008 8:03am Dec 9, 2008 8:03am
Quoting "expert"
Well look daily chart.It plays every time just not same moment.It is daily chart.Takes new day or days for it.Last 2 times we had more then 1000 and 800 pips retrace.Now we don't have new low yet so maybe just maybe bottom is near.When red starts to be green it is divergance play time untill then we have this rally.Last one was so inposible to me,i was thinking we need to se 4000 first but no.I was long most of time and had exelent pips.I am bear by nature so i realy hope to see 4500 broken and closed below on daily level but will see
lower high on price, higher high on macd = hidden bearish divergence
lower low on price, higher low on macd = regular bullish divergence

so which way now? haha.. thanks for bringing this to our attention, don't think I've seen this before, would be nice to see how it plays out.

EDIT: hmm maybe that small drop there has already played out the bearish divergence? /shrug
I need to put up stop losses.
  • #105,426
  • Dec 9, 2008 8:05am Dec 9, 2008 8:05am
Quoting Infinity
I only took one trade this morning and that was a short off the 50ema on m15 which I closed for about 70 pips. I am not in a trade now but I wouldn't take a short here unless I was already in one higher up.. here's why...
ok one question here infinity. right now the market sits below 10ema on 15m ok. so if i wanna short i shud wait until price up by 50ema 15m correct??
  • #105,427
  • Dec 9, 2008 8:05am Dec 9, 2008 8:05am
Long @ 1.4700
SL 1.4665
I believe this baby on the way to reversal
  • #105,428
  • Dec 9, 2008 8:08am Dec 9, 2008 8:08am
i am long from 4890.retrace time.

targeting4740 area or 4760.

will see
  • #105,429
  • Dec 9, 2008 8:09am Dec 9, 2008 8:09am
Quoting "expert"
i am long from 4890.retrace time.

targeting4740 area or 4760.

will see
??????????????????????????
  • #105,430
  • Dec 9, 2008 8:10am Dec 9, 2008 8:10am
Quoting "expert"
i am long from 4890.retrace time.

targeting4740 area or 4760.

will see
sorry 4690

oh opening bell on US stocks soon
  • #105,431
  • Dec 9, 2008 8:12am Dec 9, 2008 8:12am
SL hit.Got 5 on that one
  • #105,432
  • Dec 9, 2008 8:14am Dec 9, 2008 8:14am
Quoting "expert"
i am long from 4890.retrace time.

targeting4740 area or 4760.

will see
I think u meant 4690
  • #105,433
  • Dec 9, 2008 8:15am Dec 9, 2008 8:15am
Quoting moewenger
??????????????????????????

Dont worry about what other people do...when you trade you have a certain objective...maybe he is scalping against your trade ...you dont know ...everyone has different objectives with their trade ...dont let other peoples trading decesion alter the way you manage your trade. ...relax and enjoy your losers just as much as your winners...get confidence in your trades and you will do great.
  • #105,434
  • Dec 9, 2008 8:18am Dec 9, 2008 8:18am
Quoting Shermenator
Dont worry about what other people do...when you trade you have a certain objective...maybe he is scalping against your trade ...you dont know ...everyone has different objectives with their trade ...dont let other peoples trading decesion alter the way you manage your trade. ...relax and enjoy your losers just as much as your winners...get confidence in your trades and you will do great.
no i mean that what he wrote of long 4890 target TP is 4740. hehehe...

he meant 4690. lol.
  • #105,435
  • Dec 9, 2008 8:20am Dec 9, 2008 8:20am
price below every TF gann blue line.Just to wait for nice high to short from.And if dow do nice move hope that short will be nice.

Will not open new long.Will wait for high for shorting, and US stock opening
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  • #105,436
  • Dec 9, 2008 8:21am Dec 9, 2008 8:21am
Quoting Shermenator
It depends how large you go and what your looking from price,....go to a monthly far enough and its bullish....if you look for serious of highs and lows in the market then its bullish in the 4 hour...it all depends on the way you look at the market.
Sonic
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  • #105,437
  • Dec 9, 2008 8:25am Dec 9, 2008 8:25am
Quoting sonicdeejay
Sonic

LOL...every timeframe has its own trend...things develop one after another....just think why priced took so long to drop?....because you had tons of people looking at it another way...now the market are shifting again.And the buyers confidence has been lost....LOL
  • #105,438
  • Dec 9, 2008 8:26am Dec 9, 2008 8:26am
Quoting Shermenator
LOL...every timeframe has its own trend...things develop one after another....just think why priced took so long to drop?....because you had tons of people looking at it another way...now the market are shifting again.And the buyers confidence has been lost....LOL
agree with u on each TF has its own trend..

All t best...
Sonic
  • #105,439
  • Dec 9, 2008 8:26am Dec 9, 2008 8:26am
Quoting "expert"
price below every TF gann blue line.Just to wait for nice high to short from.And if dow do nice move hope that short will be nice.

Will not open new long.Will wait for high for shorting, and US stock opening
Agree, now I wait for my short

took another 60 ish down and 30ish on the up, but wouldnt hold that for long.

Please bounce now so I can get a short on
  • #105,440
  • Dec 9, 2008 8:28am Dec 9, 2008 8:28am
Quoting jharteam
My immediate downside target is -1.4666+ at the Schiff's Median Line. Stop Profit 1.4760
Thank you for the lesson; hit median line to the pip!
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