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Cable Update (GBPUSD)

  • #120,361
  • Feb 13, 2009 9:35am Feb 13, 2009 9:35am
Quoting eohater
Same here brother! I'm not worried about getting in. My quota has been hit. My longs from yesterday closed out very nicely! I wish I would have held onto it until 4600, closed out at 4500, but I went short this morning when I got up at 4538 and closed out at 4400.

We'll see how it develops!

Good job trading this week brother!
We got that twin thing going again man! I closed my longs at exactly the same place and I went short at 4515 and closed at 4410..

I am watching this h4 close... if we close above the 50ema, I will look to buy a dip...
Patience + Discipline - Greed = Success
  • #120,362
  • Feb 13, 2009 9:35am Feb 13, 2009 9:35am
Quoting eohater
Same here brother! I'm not worried about getting in. My quota has been hit. My longs from yesterday closed out very nicely! I wish I would have held onto it until 4600, closed out at 4500, but I went short this morning when I got up at 4538 and closed out at 4400.

We'll see how it develops!

Good job trading this week brother!
Hello eohater

Could you give a description of the signals you were seeing to go short at 4538. Always interested to here your analysis on entries and exits.

Thanks
  • #120,363
  • Feb 13, 2009 9:36am Feb 13, 2009 9:36am
Quoting nAVIN2007
i will try my luck here
Patience + Discipline - Greed = Success
  • #120,364
  • Feb 13, 2009 9:40am Feb 13, 2009 9:40am
Quoting Infinity

worked out well...
Attached Image (click to enlarge)
Click to Enlarge Name: results.gif Size: 68 KB
  • #120,365
  • Feb 13, 2009 9:40am Feb 13, 2009 9:40am
OMG ! I am regret, the 1st plan will entry long once H1 closes above 1.4386 but I cancel untill H4 closes another 30 menit !!! And wuzzz up !!!
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #120,366
  • Feb 13, 2009 9:44am Feb 13, 2009 9:44am
Great Nav mind you plenty of seller s there at mo
I am long again $ looks weak

Quoting nAVIN2007
worked out well...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #120,367
  • Feb 13, 2009 9:47am Feb 13, 2009 9:47am
Quoting Bones
Great Nav mind you plenty of seller s there at mo
I am long again $ looks weak
yes was a close one..to say the least...even myself once i pressed the button to enter managed to get doubt but u gotta stick out yur plan other can never make it in this game
  • #120,368
  • Feb 13, 2009 9:48am Feb 13, 2009 9:48am
Almost think I prefer NFP days to Friday the 13th....CRIPES!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #120,369
  • Feb 13, 2009 9:48am Feb 13, 2009 9:48am
Quoting Infinity
We got that twin thing going again man! I closed my longs at exactly the same place and I went short at 4515 and closed at 4410..

I am watching this h4 close... if we close above the 50ema, I will look to buy a dip...
i think u guys got a paranormal link going on here, i just wish i was part of it
  • #120,370
  • Feb 13, 2009 9:49am Feb 13, 2009 9:49am
Quoting pmn100
Hello eohater

Could you give a description of the signals you were seeing to go short at 4538. Always interested to here your analysis on entries and exits.

Thanks
No problem! Look at my chart, you'll see two candles circled in red. We would have needed to take out the first red candle, meaning a close above it to confirm a continuation of the northbound move. The second candle circled in red was rejected hard, notice the long wick. The candle circled in blue closed almost flat with a small wick. I went short on the following candle with SL above the wick of the first candle circled in red. The candle circled in blue tells me the buyers are done and cannot get it above the first candle circled in red.

Hope this helps!
EO
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 142 KB
Just digging in the trenches like everyone else!
  • #120,371
  • Feb 13, 2009 9:50am Feb 13, 2009 9:50am
Quoting Infinity
We got that twin thing going again man! I closed my longs at exactly the same place and I went short at 4515 and closed at 4410..

I am watching this h4 close... if we close above the 50ema, I will look to buy a dip...
Sounds like a good plan! It's always nice when we're trading on the same side brother!
Just digging in the trenches like everyone else!
  • #120,372
  • Feb 13, 2009 9:50am Feb 13, 2009 9:50am
Quoting nAVIN2007
i think u guys got a paranormal link going on here, i just wish i was part of it
Just digging in the trenches like everyone else!
  • #120,373
  • Feb 13, 2009 9:51am Feb 13, 2009 9:51am
Quoting Bones
Great Nav mind you plenty of seller s there at mo
I am long again $ looks weak
i hope so im in trouble on my CAD trade
Attached Image (click to enlarge)
Click to Enlarge Name: cable30mr.gif Size: 33 KB
  • #120,374
  • Feb 13, 2009 9:53am Feb 13, 2009 9:53am
Everyone, look at your current working 1h candle. We need it to close above 4410 for your longs to be supported by the candles imho.
Just digging in the trenches like everyone else!
  • #120,375
  • Feb 13, 2009 9:53am Feb 13, 2009 9:53am
Quoting nAVIN2007
i think u guys got a paranormal link going on here, i just wish i was part of it
Patience + Discipline - Greed = Success
  • #120,376
  • Feb 13, 2009 9:53am Feb 13, 2009 9:53am
took short @ 4453.
Looks like I'm gonna take a baggage over the weekend anyway.
Happy trading guys.
Thank You
  • #120,377
  • Feb 13, 2009 9:54am Feb 13, 2009 9:54am
Quoting eohater
Everyone, look at your current working 1h candle. We need it to close above 4410 for your longs to be supported by the candles imho.
yup....next 7 minutes are crucial... Also the weekly chart still looks very very weak...
Patience + Discipline - Greed = Success
  • #120,378
  • Feb 13, 2009 9:54am Feb 13, 2009 9:54am
Lol it has been crazy ,is it up or down.

Quoting Magix
Almost think I prefer NFP days to Friday the 13th....CRIPES!
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #120,379
  • Feb 13, 2009 9:56am Feb 13, 2009 9:56am
Quoting Bones
Great Nav mind you plenty of seller s there at mo
I am long again $ looks weak
i hope so im in trouble on my CAD trade
Attached Image (click to enlarge)
Click to Enlarge Name: cable30mr.gif Size: 33 KB
  • #120,380
  • Feb 13, 2009 9:59am Feb 13, 2009 9:59am
Quoting eohater
No problem! Look at my chart, you'll see two candles circled in red. We would have needed to take out the first red candle, meaning a close above it to confirm a continuation of the northbound move. The second candle circled in red was rejected hard, notice the long wick. The candle circled in blue closed almost flat with a small wick. I went short on the following candle with SL above the wick of the first candle circled in red. The candle circled in blue tells me the buyers are done and cannot get it above the first candle circled in red.

Hope...
That's great. Thanks for taking the time.
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