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Cable Update (GBPUSD)

  • #114,521
  • Jan 23, 2009 10:19am Jan 23, 2009 10:19am
Quoting eohater
Thank you! I've taken half off at 3700 and the rest is at +25.
took all mine off at 37

I am just taking short rides but it's good for the soul to book 100 dollars or so over and over and over and over

I think this is my style - put a really small position on for long term ( a day or two+) and to heck if they fluctuate 500 pips in between - and no s/l

and then put larger positions on as 20 to 50 pip jumbo scalps and watch em in real time with strict and large-ish s/l's which wont be approached anyway if i am doing it real time - as soon as it goes 20 to 50 pips in either direction - get out

seem to work for me and I have learned to ignore my 20 pip scalp which then continues on another 100 pips (if only i had stayed in ..) as long as i am banking over and over again then that's ok

All this about letting your successes ride doesn't work for me - i always lose it back

yes jumbo scalps is the way for me

Any time I try big positions with s/l's wide or small and try for big pips, i seem to lose out
  • #114,522
  • Jan 23, 2009 10:21am Jan 23, 2009 10:21am
Quoting Infinity
I was too tired bro!... but the setup was there....
I understand that!
Just digging in the trenches like everyone else!
  • #114,523
  • Jan 23, 2009 10:22am Jan 23, 2009 10:22am
Quoting allserene
took all mine off at 37

I am just taking short rides but it's good for the soul to book 100 dollars or so over and over and over and over

I think this is my style - put a really small position on for long term ( a day or two+) and to heck if they fluctuate 500 pips in between - and no s/l

and then put larger positions on as 20 to 50 pip jumbo scalps and watch em in real time with strict and large-ish s/l's which wont be approached anyway if i am doing it real time - as soon as it goes 20 to 50 pips in either direction - get out

seem to work...
Good job on the pippage!
Just digging in the trenches like everyone else!
  • #114,524
  • Jan 23, 2009 10:23am Jan 23, 2009 10:23am
Shes still under the 50% retracement on the larger wave 3, so still favouring the 5th wave to come. i.e. south.
I aint gna talk bout ew no more as people dont like it clearly. I killed the thread for some reason. She has run on a little further than anticipated, buts its what happens.
  • #114,525
  • Jan 23, 2009 10:25am Jan 23, 2009 10:25am
Here's what I'm looking at now. If we get a pin on the 15m. All longs are off the table for me (I don't think that's what we'll get though). If we close above 3720 my longs keep marching, then my next look is at the 1h candle. Remember, we need to close above the 3727 on the 1h to support the northbound move. Watch the 1h 50 though. Sellers will be there and upto the 1h 62.

Trade well!
EO
Just digging in the trenches like everyone else!
  • #114,526
  • Jan 23, 2009 10:26am Jan 23, 2009 10:26am
we have some significant support-turned-resistance around here now.
  • #114,527
  • Jan 23, 2009 10:26am Jan 23, 2009 10:26am
Quoting fry2010
Shes still under the 50% retracement on the larger wave 3, so still favouring the 5th wave to come. i.e. south.
I aint gna talk bout ew no more as people dont like it clearly. I killed the thread for some reason. She has run on a little further than anticipated, buts its what happens.
Nah, sometimes the thread is quiet for no apparent reason - it happens. Carry on about ew analysis.
  • #114,528
  • Jan 23, 2009 10:31am Jan 23, 2009 10:31am
No pin, pullback to be expected though. More riders are needed for the long army. SL has been moved to 3670. If you have ma's on your 15m watch for her to bounce off the 5/10. If the 5/10 hold, it supports our northward mach. We close between the 5/10. I will be looking to exhaust my longs and sit on the sides.
Just digging in the trenches like everyone else!
  • #114,529
  • Jan 23, 2009 10:35am Jan 23, 2009 10:35am
thanks, as long as im not annoying people. I only said because someone asked where i was countin the waves from.
  • #114,530
  • Jan 23, 2009 10:35am Jan 23, 2009 10:35am
Quoting eohater
No pin, pullback to be expected though. More riders are needed for the long army. SL has been moved to 3670. If you have ma's on your 15m watch for her to bounce off the 5/10. If the 5/10 hold, it supports our northward mach. We close between the 5/10. I will be looking to exhaust my longs and sit on the sides.
See that pullback? Now, if the 15m candle closes on top of the 15m 50, nice opportunity to get back long if your not yet, SL would be tight on that entry BTW. She's a little minx and ready to romp!
Just digging in the trenches like everyone else!
  • #114,531
  • Jan 23, 2009 10:36am Jan 23, 2009 10:36am
Quoting fry2010
thanks, as long as im not annoying people. I only said because someone asked where i was countin the waves from.
Keep it up! I'm not an EW trader and not familiar with it, but one can never know enough.
Just digging in the trenches like everyone else!
  • #114,532
  • Jan 23, 2009 10:38am Jan 23, 2009 10:38am
Quoting eohater
See that pullback? Now, if the 15m candle closes on top of the 15m 50, nice opportunity to get back long if your not yet, SL would be tight on that entry BTW. She's a little minx and ready to romp!
I am not in anything yet but I am waiting on this hour candle to close... We bounced off the h4 10ema which has been holding for a while...
Patience + Discipline - Greed = Success
  • #114,533
  • Jan 23, 2009 10:39am Jan 23, 2009 10:39am
Quoting Infinity
I am not in anything yet but I am waiting on this hour candle to close... We bounced off the h4 10ema which has been holding for a while...
What do you want to see on the hourly?
Just digging in the trenches like everyone else!
  • #114,534
  • Jan 23, 2009 10:39am Jan 23, 2009 10:39am
Quoting eohater
What do you want to see on the hourly?
I think I figured it out. The damn pin that's forming!! WOW!!
Just digging in the trenches like everyone else!
  • #114,535
  • Jan 23, 2009 10:41am Jan 23, 2009 10:41am
Quoting fry2010
Shes still under the 50% retracement on the larger wave 3, so still favouring the 5th wave to come. i.e. south.
I aint gna talk bout ew no more as people dont like it clearly. I killed the thread for some reason. She has run on a little further than anticipated, buts its what happens.
As some of the readers are over 40, they can only read english - would you oblige them by writing in that language as the under 40's are usually bilingual in text spelling and english - and that means that everyone can then understand

rsvp ttfn
  • #114,536
  • Jan 23, 2009 10:41am Jan 23, 2009 10:41am
well i think im going to back off for a while anyway, I dont want to be a negative influence here. Thanks for the support though.
Yeah i no my english is terrible. I cant spell to save my life.
  • #114,537
  • Jan 23, 2009 10:41am Jan 23, 2009 10:41am
Quoting eohater
What do you want to see on the hourly?
I would'nt mind a bearish pin...
Patience + Discipline - Greed = Success
  • #114,538
  • Jan 23, 2009 10:42am Jan 23, 2009 10:42am
Quoting Infinity
I would'nt mind a bearish pin...
It wouldn't bother me either. We'll put our scuba gear on and go to the bottom together then!! YEAH!!!
Just digging in the trenches like everyone else!
  • #114,539
  • Jan 23, 2009 10:43am Jan 23, 2009 10:43am
There's a shooting star on the 15m tf, might just go all the way back down. Just a thought ..
Thank You
  • #114,540
  • Jan 23, 2009 10:44am Jan 23, 2009 10:44am
Quoting fry2010
well i think im going to back off for a while anyway, I dont want to be a negative influence here. Thanks for the support though.
Yeah i no my english is terrible. I cant spell to save my life.
Your english is fine! Don't think your a negative influence. It's appreciated by many I'm sure. Keep up the posting.
Just digging in the trenches like everyone else!
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