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Cable Update (GBPUSD)

  • #114,541
  • Jan 23, 2009 10:45am Jan 23, 2009 10:45am
Quoting wormboy
There's a shooting star on the 15m tf, might just go all the way back down. Just a thought ..
Patience on the 1h chart is needed at this point for me.
Just digging in the trenches like everyone else!
  • #114,542
  • Jan 23, 2009 10:46am Jan 23, 2009 10:46am
Quoting eohater
It wouldn't bother me either. We'll put our scuba gear on and go to the bottom together then!! YEAH!!!
Patience + Discipline - Greed = Success
  • #114,543
  • Jan 23, 2009 10:47am Jan 23, 2009 10:47am
Quoting wormboy
There's a shooting star on the 15m tf, might just go all the way back down. Just a thought ..
Good eye by the way. Let's see how she plays out.
Just digging in the trenches like everyone else!
  • #114,544
  • Jan 23, 2009 10:49am Jan 23, 2009 10:49am
The only "Fundamental" thing which still holds pound, in my opinion, is a LUNCH time in US.
FTSE closed red, British economy in recession - this baby should dive.
  • #114,545
  • Jan 23, 2009 10:49am Jan 23, 2009 10:49am
eo.. just a note.. it's been bouncing off the m5 50 ema all morning... don't think you look at the m5... once they m5 mas' turned up.. it's been trying long

edit.. just closed below it for first time.
DireXiv Make it happen, no one else is going to do it for you...
  • #114,546
  • Jan 23, 2009 10:49am Jan 23, 2009 10:49am
OK OK so i'm a total flake and haven't been here in a while. Sorry guys.

look like we just spiked the top of the chanel for a return back to 1.34xx
Also just bounced off of the 200 SM on the 5M and couldn't hold and is starting right now to breat the 50EMA and 50SMA which are both setting up for a cross. Short town here we come

but of course...i could be completely crazy too

WUT UP EO!?!?!! how you been?
I've closed 80 pips this AM..may look for a few more but i think i may be done. well see if i find something that looks good.
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  • #114,547
  • Jan 23, 2009 10:50am Jan 23, 2009 10:50am
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.
What the hell are you talking about bro?
Patience + Discipline - Greed = Success
  • #114,548
  • Jan 23, 2009 10:54am Jan 23, 2009 10:54am
Quoting DireXiv
eo.. just a note.. it's been bouncing off the m5 50 ema all morning... don't think you look at the m5... once they m5 mas' turned up.. it's been trying long

edit.. just closed below it for first time.
I don't look at the 5m. Might need to consider though. Thanks for the insight.
Just digging in the trenches like everyone else!
  • #114,549
  • Jan 23, 2009 10:55am Jan 23, 2009 10:55am
Quoting dakrusha
OK OK so i'm a total flake and haven't been here in a while. Sorry guys.

look like we just spiked the top of the chanel for a return back to 1.34xx
Also just bounced off of the 200 SM on the 5M and couldn't hold and is starting right now to breat the 50EMA and 50SMA which are both setting up for a cross. Short town here we come

but of course...i could be completely crazy too

WUT UP EO!?!?!! how you been?
I've closed 80 pips this AM..may look for a few more but i think i may be done. well see if i find something that looks good.
What up bro? I've been good, but been better as well! Just taking my pips like a good little boy and being humble about it. I hope you've been bagging them as well! 80 this morning is a nice morning.
Just digging in the trenches like everyone else!
  • #114,550
  • Jan 23, 2009 10:57am Jan 23, 2009 10:57am
Think you might get your shooting star on the hourly too eo
Thank You
  • #114,551
  • Jan 23, 2009 10:58am Jan 23, 2009 10:58am
woops, there she goes.
Thank You
  • #114,552
  • Jan 23, 2009 10:59am Jan 23, 2009 10:59am
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.
All opinions welcome and the more the merrier

Its just that I cant read text speak thats all

Stay and have fun
  • #114,553
  • Jan 23, 2009 11:04am Jan 23, 2009 11:04am
I didn't take the short on the opening of the new 1h. Looking for her to go up around 367x area or maybe higher for a better entry. Otherwise, I'll call today done and be happy with my new pips.
Just digging in the trenches like everyone else!
  • #114,554
  • Jan 23, 2009 11:05am Jan 23, 2009 11:05am
Quoting eohater
I didn't take the short on the opening of the new 1h. Looking for her to go up around 367x area or maybe higher for a better entry. Otherwise, I'll call today done and be happy with my new pips.
agreed
Patience + Discipline - Greed = Success
  • #114,555
  • Jan 23, 2009 11:06am Jan 23, 2009 11:06am
For those who's 4h just closed, like mine. Notice how the last 4h candle didn't engulf the last 4h candle? She's not done with the downward move, but this is Friday and anything can happen.

Trade well everyone!
EO
Just digging in the trenches like everyone else!
  • #114,556
  • Jan 23, 2009 11:10am Jan 23, 2009 11:10am
Quoting eohater
I didn't take the short on the opening of the new 1h. Looking for her to go up around 367x area or maybe higher for a better entry. Otherwise, I'll call today done and be happy with my new pips.
took short at 1.36657 -- target out at 1.3608 at the most
  • #114,557
  • Edited 11:49am Jan 23, 2009 11:11am | Edited 11:49am
I have tried a new strategy just after analysed and applied today to be shared maybe worthy. I am satisfy because give me about 120 pips gain for about 10 trades today without underpressure or waiting for too long to make an entry.

It is easy platform :

1. Make a resistance line (white) and support line ( yellow)
2. Entry a short when touches LH line
3. Entry a long when touches HL Line
4. Set Stop Loss at the level as shown on the chart ( max about 50 pips )
5. TP at LH Line or HL Line ( about 100 pips range )
6. Secure quickly in green pips after move more than min allow depend on your broker rule.
7. Use the safe MM

Note :

1. LH line, HL line and Stop Loss line are only a guide. Do not use a pending order, should watch the movemenet, because sometime LH or HL line is not function. In case this condition occured, wait untill any trigger to reverse back. An accurate level for an entry depend on your own analyzsis.
2. LH line and HL line are not a fix line. Should redraw when the trend breaks them at reverse level .

Happy trading all !

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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #114,558
  • Jan 23, 2009 11:12am Jan 23, 2009 11:12am
Quoting allserene
took short at 1.3644 -- target out at 1.3608 at the most
I'm not sold yet at the current price. The current 15m candle is acting indecisive. I almost took her at 3670, but I'm really looking for the candle on the 15m to close before I jump in a position.
Just digging in the trenches like everyone else!
  • #114,559
  • Jan 23, 2009 11:14am Jan 23, 2009 11:14am
good heavens that was some candle mother superior

It certainly was child

I warned you about those
  • #114,560
  • Jan 23, 2009 11:17am Jan 23, 2009 11:17am
Here's why I didn't take the short at the opening of the new 1h candle. She didn't engulf the prior 1h candle, she tried, but her close was above the opening of the prior 1h candle.
Just digging in the trenches like everyone else!
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