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Cable Update (GBPUSD)

  • #119,381
  • Feb 9, 2009 10:42am Feb 9, 2009 10:42am
GROUP HUG!

LOL

Still sitting on the sidelines, no trades as of current.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #119,382
  • Feb 9, 2009 10:50am Feb 9, 2009 10:50am
Quoting Magix
Worry not Amigo,

I am here to learn, and I think this here sand box is big enough for all of our Tonka Trucks.
Sorry, needed to say i like this one!
  • #119,383
  • Feb 9, 2009 10:57am Feb 9, 2009 10:57am
Our 5M is going down now. Although not with srong momentum. Let's see where this leads us. Guess queen is asleep already.
Trading Just Got Easier...
  • #119,384
  • Feb 9, 2009 10:57am Feb 9, 2009 10:57am
slow night, not too much active price action for scalping.

bought @ 1.47464 9:30GMT+ time - STOP LOSS 1.47246. set my profit goal @ 1.49735

Woke up 1:30pm after my deep slumber to find i bagged over 200 pips

w00t w00t!

Now im waiting for it to break out of my box 1.49564 - 1.49080 and set a new trend.
lowest draw down possible please.
  • #119,385
  • Feb 9, 2009 10:58am Feb 9, 2009 10:58am
Quoting hanizad
look like she have lost steam for further upside so i think she will going down.Normally 1600 gmt-1800 gmt it the time to go short for me.
You're kidding. You have a methodology that shows a regular time when to go short or long? Sounds interesting.
  • #119,386
  • Feb 9, 2009 10:59am Feb 9, 2009 10:59am
Quoting Magix
Self correcting fib scale, used on 1m for scalps, 5-15m for continuations.
MA 4,7,9 play the 4 for support/resistance, 7/9 for confirmation.
RSI 13/3
MACD 12,26,9
OSMA 12,26,9
Nice one you got there. Can you please post the self correcting fib scale or is it FYEO?
Trading Just Got Easier...
  • #119,387
  • Feb 9, 2009 11:18am Feb 9, 2009 11:18am
Quoting nAVIN2007
oh no..i can safely say nobody is offended and i take everything on here with a pinch of salt u have too..every1 has there view and everything and nothing works and i realise who am i to say what works and not..its all personal perception and we have to respect one another.
u are right on with that Nav.....everything works all the time and nothing ever works.



One step closer bro when u realize that!
  • #119,388
  • Feb 9, 2009 11:18am Feb 9, 2009 11:18am
Quoting walesoje1
Nice one you got there. Can you please post the self correcting fib scale or is it FYEO?
Not trying to be selfish, I would hate to lead others astray by public posting of an indicator that I have not created, nor sure would be supported by Forex Factory.

There are several available, I have just settled on the current by means of live trade testing.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #119,389
  • Feb 9, 2009 11:28am Feb 9, 2009 11:28am
Next support Line to be breached and held will be 1.4869. Go Bears Go!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #119,390
  • Feb 9, 2009 11:30am Feb 9, 2009 11:30am
Quoting Magix
Not trying to be selfish, I would hate to lead others astray by public posting of an indicator that I have not created, nor sure would be supported by Forex Factory.

There are several available, I have just settled on the current by means of live trade testing.

No problems. It does not mean you are selfish or anything. I understand your perception about spreading it when you are not the creator.

Cheers....
Trading Just Got Easier...
  • #119,391
  • Feb 9, 2009 11:34am Feb 9, 2009 11:34am
Quoting Magix
Next support Line to be breached and held will be 1.4869. Go Bears Go!
IN at 18 so I'm whit you on this!

Go Bear GO!
http://www.titansonline.com/team/che....10.06_525.JPG
  • #119,392
  • Feb 9, 2009 11:39am Feb 9, 2009 11:39am
In order to properly qualify my previous statement, in order for the bear trend to continue, we need a breach and hold below 1.4869 on a 30m chart. We have support on the 1m/5m and are approaching support on 15m. A breach for the 30m will move to a new support to be broken of 1.4832.

Please do not follow this as gospel, on a fast market such as this, I am taking quick scalps from the minute supported on a bearish current market.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #119,393
  • Feb 9, 2009 11:39am Feb 9, 2009 11:39am
This 3 to 5 level momentum trade happened again today!
If u took a look at my rules for this trade that i posted the other day u will see that it did violat 2 of them..

I was not prime time NY session and the time period between the 4th and 5th level up was not more then 10 mins.

Not bad for an old school 5m chart trade....to bad i was sleeping.
  • #119,394
  • Feb 9, 2009 11:41am Feb 9, 2009 11:41am
Here is the chart!
Attached Image (click to enlarge)
Click to Enlarge Name: feb 3rd 09.JPG Size: 162 KB
  • #119,395
  • Feb 9, 2009 11:43am Feb 9, 2009 11:43am
Sorry...wrong chart,

here is todays
Attached Image (click to enlarge)
Click to Enlarge Name: feb 9th, 09.JPG Size: 145 KB
  • #119,396
  • Feb 9, 2009 11:43am Feb 9, 2009 11:43am
Quoting Magix
Please do not follow this as gospel, on a fast market such as this, I am taking quick scalps from the minute supported on a bearish current market.
Never enter on someone else forcast! This forum is evil for that!

Been in before your call. Seeking 1.4860/50, less if available.

Take care !
  • #119,397
  • Feb 9, 2009 11:50am Feb 9, 2009 11:50am
oh ffs, 3 hours & I'm just 30 up? oh well .. better move the sl
Thank You
  • #119,398
  • Feb 9, 2009 11:51am Feb 9, 2009 11:51am
Quoting Inzider
I never enter on someone else forcast! This forum is evil for that!

Been in before your call. Seeking 1.4860/50, less if available.

Take care !

I am moving from the penny stocks into Forex, though have been mucking with it for sometime, have only been full in for just over a month. I have been blamed by several traders over the years who were unable to follow charting of their own, so I just wanted to add the disclaimer to my statement.

Once again, I am a NEWB....I will only accept responsibility for breaking my own bank.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #119,399
  • Feb 9, 2009 11:58am Feb 9, 2009 11:58am
Quoting Magix
I am moving from the penny stocks into Forex, though have been mucking with it for sometime, have only been full in for just over a month. I have been blamed by several traders over the years who were unable to follow charting of their own, so I just wanted to add the disclaimer to my statement.

Once again, I am a NEWB....I will only accept responsibility for breaking my own bank.
I totaly understand, some walk blind into this...

Wish you the best into fx bud!
Penny are nice, forex also. Maby more stability into the volatility for fx.
Leverage help also. Bet you know all that!

-----------------

Go Bear Go!
  • #119,400
  • Feb 9, 2009 12:04pm Feb 9, 2009 12:04pm
People love to profit by prophet...but heaven help you when profit becomes loss...

Have up'd the day to +283, going to take a break for a while, best o luck on the balance of your day.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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