Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#106,661
Dec 15, 2008 8:35am Dec 15, 2008 8:35am

determined
| Membership Revoked | Joined Oct 2008 | 37 Posts

Quoting Vourvoul

Disliked

To be honest I thought you'd be on that...

Ignored

entered the short lol and was wiped

#106,662
Dec 15, 2008 8:36am Dec 15, 2008 8:36am

Bullfx
| Joined May 2007 | Status: fx | 438 Posts

Exit longs now and wait to buy below 1.5050

Give me patience

#106,663
Dec 15, 2008 8:40am Dec 15, 2008 8:40am

Vourvoul
| Joined Nov 2008 | Status: Trader | 449 Posts

Quoting determined

Disliked

entered the short lol and was wiped

Ignored

This is the reason why I don't like using spikes as S/R...

#106,664
Dec 15, 2008 8:40am Dec 15, 2008 8:40am

steelhead
| Commercial User | Joined May 2008 | 1,334 Posts

Quoting determined

Disliked

entered the short lol and was wiped

Ignored

Be patient there will be more chances

#106,665
Dec 15, 2008 8:40am Dec 15, 2008 8:40am

uut
| Joined Aug 2008 | Status: pendekar forex | 241 Posts

i'm late to ride her. . . .
bahhhh..

#106,666
Dec 15, 2008 8:40am Dec 15, 2008 8:40am

Shermenator
Joined Jan 2008 | Status: Trader | 2,996 Posts

My remaining 5 percent in my long in on fire lol

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#106,667
Dec 15, 2008 8:41am Dec 15, 2008 8:41am

fx local
| Joined Dec 2007 | Status: Senior Member | 1,461 Posts

not a great deal of resistance above 15246 area, push through here could well prompt squeeze higher to 1.5500

Trading is 80% Emotional, 20% Technical

#106,668
Dec 15, 2008 8:44am Dec 15, 2008 8:44am

steelhead
| Commercial User | Joined May 2008 | 1,334 Posts

Quoting fx local

Disliked

not a great deal of resistance above 15246 area, push through here could well prompt squeeze higher to 1.5500

Ignored

thus why patience is key

#106,669
Dec 15, 2008 9:02am Dec 15, 2008 9:02am

Infinity
Joined Feb 2008 | Status: Trader | 5,732 Posts

Oh man! I am beginning to love Sundays and Mondays...

I got 100 pips last night from 1.4950 to 1.5050 and then got the same entry this morning at 1.4950 and closed at 1.5290.. I did not take any shorts at all because I knew this thing could fly at any moment...

You guys are probably tired of me posting this day chart but it was a clear trade once the red tl was broken.. It also illustrates the power of trendlines in identifying when a trend has changed...

I am probably done for the day or maybe the month...

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Patience + Discipline - Greed = Success

#106,670
Dec 15, 2008 9:05am Dec 15, 2008 9:05am

fx local
| Joined Dec 2007 | Status: Senior Member | 1,461 Posts

Quoting Infinity

Disliked

Oh man! I am beginning to love Sundays and Mondays... I got 100 pips last night from 1.4950 to 1.5050 and then got the same entry this morning at 1.4950 and closed at 1.5290.. I did not take any shorts at all because I knew this thing could fly at any moment...

You guys are probably tired of me posting this day chart but it was a clear trade once the red tl was broken.. It also illustrates the power of trendlines in identifying when a trend has changed...

I am probably done for the day or maybe the month...

Ignored

great trading

never tired of ur charts bro, keep them coming!

Trading is 80% Emotional, 20% Technical

#106,671
Dec 15, 2008 9:07am Dec 15, 2008 9:07am

eohater
Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts

Quoting Infinity

Disliked

Oh man! I am beginning to love Sundays and Mondays... I got 100 pips last night from 1.4950 to 1.5050 and then got the same entry this morning at 1.4950 and closed at 1.5290.. I did not take any shorts at all because I knew this thing could fly at any moment...

You guys are probably tired of me posting this day chart but it was a clear trade once the red tl was broken.. It also illustrates the power of trendlines in identifying when a trend has changed...

I am probably done for the day or maybe the month...

Ignored

Sweet trades brother!!

Almost the same as mine. I went short last night from 1.5050 and closed out at 1.4950. Went long this morning at 1.5015 and closed out at 1.5275 and now I'm short from 1.5280 with SL at +3.

Trend lines are very valuable, if your not trading with them, you should be.

Trade well everyone!
EO

Just digging in the trenches like everyone else!

#106,672
Dec 15, 2008 9:15am Dec 15, 2008 9:15am

Infinity
Joined Feb 2008 | Status: Trader | 5,732 Posts

Quoting fx local

Disliked

great trading

never tired of ur charts bro, keep them coming!

Ignored

Thanks bro!!

Quoting eohater

Disliked

Sweet trades brother!!

Almost the same as mine. I went short last night from 1.5050 and closed out at 1.4950. Went long this morning at 1.5015 and closed out at 1.5275 and now I'm short from 1.5280 with SL at +3.

Trend lines are very valuable, if your not trading with them, you should be.

Trade well everyone!
EO

Ignored

Great job bro and welcome back from your vacation!!! I did'nt take any short trades at all because of how the daily looked. Your new short looks good though and I always love to see that you are covered thus free from any risk.