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Cable Update (GBPUSD)

  • #124,441
  • Mar 3, 2009 4:32am Mar 3, 2009 4:32am
alfa : abu has a thread at trading journal.
Thank You
  • #124,442
  • Mar 3, 2009 4:43am Mar 3, 2009 4:43am
Quoting wormboy
alfa : abu has a thread at trading journal.

thanks..i am long @ 1.4083....with 56 pips SL
  • #124,443
  • Mar 3, 2009 4:45am Mar 3, 2009 4:45am
long? good luck
Thank You
  • #124,444
  • Mar 3, 2009 4:50am Mar 3, 2009 4:50am
Quoting alfamichi
thanks..i am long @ 1.4083....with 56 pips SL
Quoting Abuawad
I missed this entry, but for the record i'll insert it because it was active and clear...
now i think cable is going to test the sell orders lets check.

Whyyyy 30M candle close below the entry fro long so it's already done and we are going down
  • #124,445
  • Mar 3, 2009 4:55am Mar 3, 2009 4:55am
Quoting Abuawad
Whyyyy 30M candle close below the entry fro long so it's already done and we are going down
Morning, Abuawad
Question: Does your method allow to benefit in both directions for the same day? I do not remember this from the past. Maybe I am missing something.
You posted first trade in Up, now we are in Undecided territory. And it looks like it's gonna break down.
Thanks
  • #124,446
  • Mar 3, 2009 4:59am Mar 3, 2009 4:59am
Quoting Komissar
Morning, Abuawad
Question: Does your method allow to benefit in both directions for the same day? I do not remember this from the past. Maybe I am missing something.
You posted first trade in Up, now we are in Undecided territory. And it looks like it's gonna break down.
Thanks
No it happen before, but not that much. and yes sometime we have these scenarios:
moving in one direction
moving to the first target (Up/Down) then move to the other direction and hit all 3 targets
moving between the first two targets only (up & down)
  • #124,447
  • Mar 3, 2009 5:02am Mar 3, 2009 5:02am
im long now at 4056
  • #124,448
  • Mar 3, 2009 5:03am Mar 3, 2009 5:03am
Quoting Abuawad
Whyyyy 30M candle close below the entry fro long so it's already done and we are going down
please what will be your professional advice?

should i remove it manually?
  • #124,449
  • Mar 3, 2009 5:08am Mar 3, 2009 5:08am
Quoting alfamichi
please what will be your professional advice?

should i remove it manually?
wait the confirmation on the 30M. but i think at least we will test your entry again, at that time you can close with 0 pips and wait another signals confirmation...
  • #124,450
  • Mar 3, 2009 5:10am Mar 3, 2009 5:10am
Quoting PipLand
im long now at 4056
Pip, I have ascending trendline drawn on the hourly, 3 wicks connected. Did you pick that entry off this? Looks like a good entry to me. Good risk reward. Just want to check with you, see if I see the same thing as you. Sorry I cant put up a chart with this notebook, something wrong.
Cheers
Thank You
  • #124,451
  • Mar 3, 2009 5:11am Mar 3, 2009 5:11am
Quoting PipLand
im long now at 4056
May I ask you Why? Any news? Or just scalp time?
  • #124,452
  • Mar 3, 2009 5:12am Mar 3, 2009 5:12am
Quoting Abuawad
wait the confirmation on the 30M. but i think at least we will test your entry again, at that time you can close with 0 pips and wait another signals confirmation...
i have adjusted my SL to 40pip @ 1.4042
  • #124,453
  • Mar 3, 2009 5:13am Mar 3, 2009 5:13am
My guess would be pin bar on M15, plus the bar bounced off yesterday's closing price, which on my chart is at 4034.
  • #124,454
  • Mar 3, 2009 5:22am Mar 3, 2009 5:22am
my 4h which closes in 40m shows an evening star pattern just now
  • #124,455
  • Mar 3, 2009 5:23am Mar 3, 2009 5:23am
Quoting daffy
My guess would be pin bar on M15, plus the bar bounced off yesterday's closing price, which on my chart is at 4034.
Pin bar on 15M is not reliable. There was a pin at 4:15am (about 2 hours ago), and now we are more down.
Three touches to uptrend line are more considerable.
  • #124,456
  • Mar 3, 2009 5:27am Mar 3, 2009 5:27am
Quoting wormboy
Pip, I have ascending trendline drawn on the hourly, 3 wicks connected. Did you pick that entry off this? Looks like a good entry to me. Good risk reward. Just want to check with you, see if I see the same thing as you. Sorry I cant put up a chart with this notebook, something wrong.
Cheers
Quoting Komissar
May I ask you Why? Any news? Or just scalp time?
Wormboy your right this is one of the reasons the price bounced of the ascending trendline your talking about it and it closed bullish 15 min candle above 4050. New 1hr candle at the time was no longer bearish but undecided too
  • #124,457
  • Mar 3, 2009 5:31am Mar 3, 2009 5:31am
well, I have 4hrly & daily cci in oversold atm. Careful going long.
Thank You
  • #124,458
  • Mar 3, 2009 5:33am Mar 3, 2009 5:33am
Thanks for the confirmation pip
Btw did you get some?
Thank You
  • #124,459
  • Mar 3, 2009 5:33am Mar 3, 2009 5:33am
i have taking my faith by my hand..i am giving it -100pips, if it goes against me i loss that..but if it comes my way..i take it..that is the price i have to pay for my mistake..
  • #124,460
  • Mar 3, 2009 5:34am Mar 3, 2009 5:34am
gOOD afternoon all, Am long. Candle pattern on m15 and M30. But still wondering what she is waiting for!
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