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Cable Update (GBPUSD)

  • #114,241
  • Jan 22, 2009 3:52pm Jan 22, 2009 3:52pm
Quoting eohater
Notice the challenge with 3878 on the 1h? She's playing around right now. Probably be within 1 pip like the last time. But, the 1 pip last time, confirmed she was pulling back, that along with the 15m pinbar. Wrong time of day for me to have taken the trade, but atleast 35pips could have been made with 0 draw down. Now that's good risk/reward trading.
Sure was a sweet scalp, I stayed out, didn't want to get caught with whiplash at the end of the day.

HOLLA
  • #114,242
  • Jan 22, 2009 3:52pm Jan 22, 2009 3:52pm
Quoting eohater
Ok guys, I'm going to leave the mic now. Watch your daily closes. Those who went short off the 15m pin, should be covered +2 atm or maybe more.

Trade well everyone!
EO
Damn! I was not around when that pin formed... I would have taken it without hesitation... Well ... at least you're in and covered... I hope you get many pips on that one!...

My daily looks like this....
Attached Image (click to enlarge)
Click to Enlarge Name: day.gif Size: 22 KB
Patience + Discipline - Greed = Success
  • #114,243
  • Jan 22, 2009 3:53pm Jan 22, 2009 3:53pm
Quoting Turtle
Sure was a sweet scalp, I stayed out, didn't want to get caught with whiplash at the end of the day.

HOLLA
Time of day kept me out as well. But it was definately a good scalp with potential for more. Take profit on half the position after 30 pips, set the rest at +2 and see how she rides. But the end of day whiplash is always a bitch on trades like this. Come back in 2h and we'll have the same damn setup probably.
Just digging in the trenches like everyone else!
  • #114,244
  • Jan 22, 2009 3:54pm Jan 22, 2009 3:54pm
Quoting eohater
10m brother. I'm not sold on the long boat just yet, probably have a trek down south during london session and range during the US Session.
Not sold on anything the way those daily's look and tomorrow is Friday.

Will protect my pips.......and just wait for the right setup.

HOLLA
  • #114,245
  • Jan 22, 2009 3:55pm Jan 22, 2009 3:55pm
Quoting Infinity
Damn! I was not around when that pin formed... I would have taken it without hesitation... Well ... at least you're in and covered... I hope you get many pips on that one!...

My daily looks like this....
I didn't take it bro! Wrong time of day for me.....could be a nice producing pin though.
Just digging in the trenches like everyone else!
  • #114,246
  • Jan 22, 2009 3:56pm Jan 22, 2009 3:56pm
Quoting eohater
Time of day kept me out as well. But it was definately a good scalp with potential for more. Take profit on half the position after 30 pips, set the rest at +2 and see how she rides. But the end of day whiplash is always a bitch on trades like this. Come back in 2h and we'll have the same damn setup probably.


Doesn't that always seem to happen........

HOLLA
  • #114,247
  • Jan 22, 2009 3:56pm Jan 22, 2009 3:56pm
Quoting Infinity
Damn! I was not around when that pin formed... I would have taken it without hesitation... Well ... at least you're in and covered... I hope you get many pips on that one!...

My daily looks like this....
Hey brother, could you draw that trendline you have on your daily out further and see where she falls on the bottom? Keep the angle and everything the same please, just extend it and what price does it come into for tomorrow?
Just digging in the trenches like everyone else!
  • #114,248
  • Jan 22, 2009 3:57pm Jan 22, 2009 3:57pm
Quoting eohater
I didn't take it bro! Wrong time of day for me.....could be a nice producing pin though.
No problem bro... better setups are on the way.!!
Patience + Discipline - Greed = Success
  • #114,249
  • Jan 22, 2009 3:58pm Jan 22, 2009 3:58pm
Quoting eohater
I feel like I've been stealing the forum today. I look back and there's a shitload of posts by me. I need to learn how to keep my mouth shut I think and let others speak.

Hey eo:

Just got back from picking up kids from school and saw this post. I will look you up if you reduce your posting. I for one have studied diligently for the past 3-4 months looking for a method that I can use to trade these markets and found yours to be one that I feel comfortable with. Just in beginning stages of learning from you, you better keep posting.
  • #114,250
  • Jan 22, 2009 3:58pm Jan 22, 2009 3:58pm
Quoting Turtle
Doesn't that always seem to happen........

HOLLA
It does with our system bro! It's not uncommon as your know to take the same price twice in the same day. It's all in the candles and our ma's give us our proft targets/SL limits. It's beautiful thing!
Just digging in the trenches like everyone else!
  • #114,251
  • Jan 22, 2009 4:00pm Jan 22, 2009 4:00pm
Quoting eohater
Hey brother, could you draw that trendline you have on your daily out further and see where she falls on the bottom? Keep the angle and everything the same please, just extend it and what price does it come into for tomorrow?
here you go bro... It would be at around 1.4300 for tomorrow...
Attached Image (click to enlarge)
Click to Enlarge Name: day.gif Size: 21 KB
Patience + Discipline - Greed = Success
  • #114,252
  • Jan 22, 2009 4:02pm Jan 22, 2009 4:02pm
Quoting eohater
Notice the challenge with 3878 on the 1h? She's playing around right now. Probably be within 1 pip like the last time. But, the 1 pip last time, confirmed she was pulling back, that along with the 15m pinbar. Wrong time of day for me to have taken the trade, but atleast 35pips could have been made with 0 draw down. Now that's good risk/reward trading.
Look at her, she closed 1 pip higher than 3878. Still not sold either way at the moment. If I was short, I would have wanted her below the 3878, wrong time of day to be trading though. Positions are being squared and the day candle traders are taking new ones.

Like my brother Infinity said, other setups are on the way and we'll get what we want then.
Just digging in the trenches like everyone else!
  • #114,253
  • Jan 22, 2009 4:02pm Jan 22, 2009 4:02pm
Quoting Infinity
here you go bro... It would be at around 1.4300 for tomorrow...
I'm sorry, I was talking about the red one you have that is cutting downward.
Just digging in the trenches like everyone else!
  • #114,254
  • Jan 22, 2009 4:04pm Jan 22, 2009 4:04pm
This one. I thought I saw something to it, but I think not.
Attached Image (click to enlarge)
Click to Enlarge Name: day.gif Size: 22 KB
Just digging in the trenches like everyone else!
  • #114,255
  • Jan 22, 2009 4:07pm Jan 22, 2009 4:07pm
Quoting eohater
I'm sorry, I was talking about the red one you have that is cutting downward.
The software does not allow me to draw that one much further than the lowest price.. It would end up very low though.... around 1.3000-1.3200ish...
Patience + Discipline - Greed = Success
  • #114,256
  • Jan 22, 2009 4:10pm Jan 22, 2009 4:10pm
Quoting Infinity
The software does not allow me to draw that one much further than the lowest price.. It would end up very low though.... around 1.3000-1.3200ish...
When the time comes, I'll be watching that price level then for sure.
Just digging in the trenches like everyone else!
  • #114,257
  • Jan 22, 2009 4:17pm Jan 22, 2009 4:17pm
Quoting eohater
Look at her, she closed 1 pip higher than 3878. Still not sold either way at the moment. If I was short, I would have wanted her below the 3878, wrong time of day to be trading though. Positions are being squared and the day candle traders are taking new ones.

Like my brother Infinity said, other setups are on the way and we'll get what we want then.
Look how the 1pip difference sent her upwards. Now, if I took the long on the opening of the 1h candle, I would be looking for this 1h candle to close above 3895 and looking for TP at the 1h 62ema.
Just digging in the trenches like everyone else!
  • #114,258
  • Jan 22, 2009 4:17pm Jan 22, 2009 4:17pm
Quoting eohater
When the time comes, I'll be watching that price level then for sure.
Yes... that should be a solid area of support if we get there based on the historical charts we saw yesterday...
Patience + Discipline - Greed = Success
  • #114,259
  • Jan 22, 2009 4:25pm Jan 22, 2009 4:25pm
Alright, I'm done! Family time is about to begin and my eyes need a break from the charts.

Trade well everyone!
EO
Just digging in the trenches like everyone else!
  • #114,260
  • Jan 22, 2009 4:39pm Jan 22, 2009 4:39pm
Quoting eohater
It does with our system bro! It's not uncommon as your know to take the same price twice in the same day. It's all in the candles and our ma's give us our proft targets/SL limits. It's beautiful thing!
Congratulations, a good thread ... I also trade this pair usually on 4h template, and Im learning for you.
As this thread is so long, may you please answer some doubts i have?
Where can I find THE TRADE SYSTEM you use in this thread?... Also whats the usual time frame you trade most?.... And at whats your trade time (EST) you trade?.
Keep your good.
Regards
"Even A Thousand Mile Journey Begins with the First Step"
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