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Cable Update (GBPUSD)

  • #113,181
  • Jan 20, 2009 10:53am Jan 20, 2009 10:53am
Quoting steelhead
Looks like my longs are doing just fine fro 1.3900
Indeed they are! Good job!
Just digging in the trenches like everyone else!
  • #113,182
  • Jan 20, 2009 10:54am Jan 20, 2009 10:54am
Quoting eohater
I'll be watching that bounce. My SL is green, I would expect 398x to hold if we're truely going to go back upward.
Great job bro!!
Patience + Discipline - Greed = Success
  • #113,183
  • Jan 20, 2009 10:54am Jan 20, 2009 10:54am
Quoting steelhead
Looks like my longs are doing just fine fro 1.3900
Good work!
Patience + Discipline - Greed = Success
  • #113,184
  • Jan 20, 2009 10:57am Jan 20, 2009 10:57am
Quoting Infinity
Sounds good bro...!

We are nearing the top of this downtrend channel with the m15 50s not too far above.....
Thanks for the chart Infinity!
  • #113,185
  • Jan 20, 2009 10:59am Jan 20, 2009 10:59am
Quoting KissFan
Thanks for the chart Infinity!
No problem bro!
Patience + Discipline - Greed = Success
  • #113,186
  • Jan 20, 2009 11:00am Jan 20, 2009 11:00am
Quoting GuateForex
These are my possible entrys for today...
Buy Entry Orders
GBPUSD
1. Buy at 1.3990 | Tp: 1.4020
2. Buy at 1.3990 | Tp: 1.4030
3. Buy at 1.3990 | Tp: 1.4040

Sell Entry Orders
GBPUSD
1. Sell at 1.3861 | Tp: 1.3831

2. Sell at 1.3861 | Tp: 1.3821
3. Sell at 1.3861 | Tp: 1.3811
Good Job !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #113,187
  • Edited 11:17am Jan 20, 2009 11:03am | Edited 11:17am
Quoting manize
Good Job !
Yes well done Guate... took longer today but in the end it worked out!

Care to explain your risk to reward approach to this trade?

As Infinity mentioned earlier you risked 129 pips on all orders for 30, 40 and 50 pips gain on each of these orders. (If SL would be hit that would imply 3x129= 387 pips loss)
  • #113,188
  • Jan 20, 2009 11:08am Jan 20, 2009 11:08am
Quoting GuateForex
These are my possible entrys for today...
Buy Entry Orders
GBPUSD
1. Buy at 1.3990 | Tp: 1.4020
2. Buy at 1.3990 | Tp: 1.4030
3. Buy at 1.3990 | Tp: 1.4040

Sell Entry Orders
GBPUSD
1. Sell at 1.3861 | Tp: 1.3831

2. Sell at 1.3861 | Tp: 1.3821
3. Sell at 1.3861 | Tp: 1.3811
Oops we did it again!!

Buy Entry Orders Triggered
GBPUSD
1. Buy at 1.3990 | Tp: 1.4020 | Pips: 30 pips
2. Buy at 1.3990 | Tp: 1.4030 | Pips: 40 pips
3. Buy at 1.3990 | Tp: 1.4040 | Pips: 50 pips

Total: 120 Pips!!!
  • #113,189
  • Jan 20, 2009 11:09am Jan 20, 2009 11:09am
Quoting steelhead
These are not good entries. Buying at 1.3990 as it is moving up isnt the right thing to do. Selling at 1.3861 as it is already moved down isnt right either.

Why why why are you buying as market is moving up, and selling as it is moving down?
I won again with this bad entrys.... sorry!
  • #113,190
  • Jan 20, 2009 11:10am Jan 20, 2009 11:10am
Quoting GuateForex
Oops we did it again!!

Buy Entry Orders Triggered
GBPUSD
1. Buy at 1.3990 | Tp: 1.4020 | Pips: 30 pips
2. Buy at 1.3990 | Tp: 1.4030 | Pips: 40 pips
3. Buy at 1.3990 | Tp: 1.4040 | Pips: 50 pips

Total: 120 Pips!!!
Well done.

Why didn't you answer the question re stop levels? If you are going to post trading calls on here, I think there is a responsibility on your part to post such information, as others are blindly following.

Good luck
  • #113,191
  • Jan 20, 2009 11:14am Jan 20, 2009 11:14am
Quoting gammase1
Well done.

Why didn't you answer the question re stop levels? If you are going to post trading calls on here, I think there is a responsibility on your part to post such information, as others are blindly following.

Good luck
or better, just start a journal and post your positions... because without explanation many readers don't gain knowledge from them. Nice wins regardless.
  • #113,192
  • Jan 20, 2009 11:25am Jan 20, 2009 11:25am
Quoting GuateForex
I won again with this bad entrys.... sorry!

yep your entries were 90 pips to high. You got lucky but if you were actually reading the charts correctly you would have entered 90 pips lower.

thats what having a knowledge of professional trading will do for you. It will get you far better entries. Knowing where they are placing trades is the difference.

Then after those entries are taken those who dont have that advantage might be able to take advantage of some of the crumbs left over.


Just out of curiousity i dont see 120 pips from 1.3990 when did it hit 1.4115 this morning.

Again 1.3990 is late to the party. The setup was at 1.3900.
  • #113,193
  • Jan 20, 2009 11:27am Jan 20, 2009 11:27am
i dont think it has broken out of that early 15m channel that infinity posted. Well spotted though never the less. My camera angle on the chart meant i wud never have spotted it.
  • #113,194
  • Jan 20, 2009 11:29am Jan 20, 2009 11:29am
Quoting noblehobo
or better, just start a journal and post your positions... because without explanation many readers don't gain knowledge from them. Nice wins regardless.
I apologize to all, but I was out of the city for almolst 2 Hrs. Also I have a blog to attend, so I'm very busy with that. By the way in my blog you can follow the trades with the stop loss. There you can find the Instructions too. And I am not going to argue anybody about my stop loss numbers. That are my trades and you can follow them the way you want, with higher or lower stop loss numbers (thats your choice). But that is the way that my trades have been working well for me. I have won All my trades for January 2009.

I will be out of the city again ...

See you!
  • #113,195
  • Jan 20, 2009 11:31am Jan 20, 2009 11:31am
im short at 4039 on a failure to break a downtrend resistance line SL BE+1
  • #113,196
  • Jan 20, 2009 11:32am Jan 20, 2009 11:32am
Nice work Jim its the falling 3 but still V nice.


Quoting hard1head1
Head and shoulders finally broke on the Daily. I got in on the 30 Minute rising three method this morning.

Jim
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #113,197
  • Jan 20, 2009 11:32am Jan 20, 2009 11:32am
Quoting PipLand
im short at 4039 on a failure to break a downtrend resistance line SL BE+1
Nice short! Keep an eye on her around 3970. My longs were all closed out at 4025 and on the sides heaed for lunch.
Just digging in the trenches like everyone else!
  • #113,198
  • Edited 12:08pm Jan 20, 2009 11:34am | Edited 12:08pm
Quoting Vourvoul
Yes well done Guate... took longer today but in the end it worked out!

Care to explain your risk to reward approach to this trade?

As Infinity mentioned earlier you risked 129 pips on all orders for 30, 40 and 50 pips gain on each of these orders. (If SL would be hit that would imply 3x129= 387 pips loss)
Curious to know the system. On the other side I went short 1.4040, based on the chart, the same with infinitys one, secured + 8 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #113,199
  • Jan 20, 2009 11:35am Jan 20, 2009 11:35am
Quoting GuateForex
I apologize to all, but I was out of the city for almolst 2 Hrs. Also I have a blog to attend, so I'm very busy with that. By the way in my blog you can follow the trades with the stop loss. There you can find the Instructions too. And I am not going to argue anybody about my stop loss numbers. That are my trades and you can follow them the way you want, with higher or lower stop loss numbers (thats your choice). But that is the way that my trades have been working well for me. I have won All my trades for January 2009.

I will be out of the city...

Interesting blog what happens after Jan 09 free signals. This is a signal service that he has. Its a paid signal service if you look beyond the free month of Jan
  • #113,200
  • Jan 20, 2009 11:37am Jan 20, 2009 11:37am
Quoting eohater
Nice short! Keep an eye on her around 3970. My longs were all closed out at 4025 and on the sides heaed for lunch.

Nice work on your longs i had a long from 3943 but it got stopped out for BE +1 i was too scared to give it any room lol. Cheers for the heads up 3970 is def strong S/R
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