Cable Update (GBPUSD)

Lol this is a public forum and we all know what I mean.Now about direction didn't you notice that cable making lower heights ?

Dear Sofia

Do u see that we will go down for what level ?... a test of 1.3980 again or down more to 1.3850 ?

sofia
where do you have you t/p and s/l...
thanks

First I am still waiting to get in the trade from 1.4180-90 and then I will

decide

on my SL as far as TP I can see 1.3860 and lower but it not all in 1day,and I could be wrong make your own

analyses

I think the DOW is going to totally crumple soon to 5500

They cant scare me as it will return to present levels within a month and I will have collected some divs

However - it will spook the forex mkts big style

ok off to look for bald eagles and see what happens later when the DOW closes

I think I'm gunna pack this day in, write it off as a snow globe....

shake shake shake....no movement

Charts keep losing connection, range of market sucks the big one, and just when I get ready to pull trigger, on a 5m, the 1m reverses....

Pshhhhhhhhhhhh.....

Good luck all

http://www.nycwebstore.com/images/pr...w_Globe_lg.JPG

It's only a few times per day per chart that I see confirmation on the grand quick turns. Typically catch it in the second wave of gains and ride through to the 3-4th, depending on how fast she flys.

Today....

The perfect play...

Complete horrible movement, I am sure my broker has made more money off of me today then I did, and only went sideways 2x....Limited range, flat indicators, a day so dull, I painted a wall just to have something more entertaining to watch....

A perfect play lasts maybe 15mins before a reload on the final jam, which is typically 10mins at best.

Typical gains on these perfect plays, are 30-60 pips, depending on time of day, range of the day and if the sets are following the trend or bucking against. Overall, good money makers, double and triple lots depending on same criteria.

When all the stars align, I won't bother with a stop loss, typically not enough time, by the time I have finished setting it, I am hitting the exit button.

So, the last perfect play of the day, setup, all stars align, chart near bottom, all criteria met, first wave in, I actually caught this one dead on BALLS. The perfect play, with the perfect timing.

I pull the trigger, blammo!

In the trade, long side. I know, going long today, must have rocks in my head, but I do not pick the direction, I only play the plays...

Green on spread within the blink of an eye. Sweet.

A tiny fall back, okay, I am only single lotted, will add...I pull the trigger.

Both plays, now green, but no where near where they should go to, and not even filling in properly, but, no issue.

A tiny fall back...dammit..now -20 on one, -9 on the second....Scratching my head...no worries, I have faith in the chart...

But, what a great time to make a perfect play better, 3x as good, add another position....I pull the trigger...

DAMMIT...now -55 combined total.

I check the chart again, it's not even the same chart...

Okay, lets check for some hope in a longer time frame...15m chart opened.

Criteria for the perfect play has never presented itself on a 15m chart, because, quite frankly, I never use a 15m, but...the perfect play sets are on the 15m. Kewl, and how sweet is this....

Slow moving chart, wrong time of day to even be playing....but along with the direction of the play, I never pick the time of day it will happen...

So, my perfect play, all green now, happy days are here again, still in x3 positions, only difference...2 hours later...CRIPES!

I guess when you see what you are looking for in a chart, patients can really pay off....

Moral of the story...don't have one, was just bored and thought I would share with everybody...

Have a good day, or night, or whatever it is where ever you are!

Magix - Nice story to finish up with at the end of a long day lurking here (for me) and trying to read through all the posts today. Thanks for sharing the thought processes throughout your trade.

Spookily quiet on here tonight though.

French pips : are you french ?

Magix: I have the same indicator than you " go short ... go long " i am trying to understang how to validate the signal. Can you help me please ? thanks

Bene

time to sell this thing

Not even close unless your looking for a quick scalp...., all charts turned back to long...whats best again, if you check the day, even though it looks red, higher low and higher high....

EDIT:We are in the sneakiest uptrend, pps going up, and we still see a declining chart....buwahahahahah

Quite a simple indicator really Bene...

Works best on a shorter timeframe, but use it on longer charts to confirm plays....

Goes like this, if coming from support and crosses over go long line, you are typically good on a trade until resistance. Because it is a self correcting fib chart, if you are playing with the trend of the day, resistance is the minimum you should expect, if you are playing against the daily trend, then go for between the pair of "go short" and "resistance".

Similar goes if you playing resistance down...once crosses the short line, expect the same...

It gets a little tricky with different charts and different time frames, so, like everything else, use it in combination and for confirmation of other indicators.

If you pull a couple of charts on GU, 1hr and 5m, you will see what I am saying...because we have x over the long line, well over the short line on the 1 hr, expect to finish the cycle at resistance line 1.4231. Its not going to happen in the next hour, but something you can continue to play with and learn.

When used properly, it is a very effective tool...BUT, before you start counting on it, learn the cycles and get some other indies to confirm.

Hope this helps

Cashed out on the perfect play...

Was the long on EJ...

Closed all @ 123.65
From -
122.94
122.03
123.14

CHA CHING!

Sure makes up for the day we have had....geeeez!

What about Short in the circled area?

Hi Friends,
How are you all? If you have a good look at asian session price action it is not worth shorting now ........end of the ny session those market manipulators /short sellers ran a stop hunting session...........tomorrow they will tell job numbers were already factored in to the market and will drive this thing up........I am going to start shorting big time when they drive this thing to 1.50............ those wealth destructors have crushed CITI stock to .99 cents , I am not sure they can short things to 0 lol
I got in long just to get 10-20 pips .............
take care
Happy piping

Are you asking me?

I dunno who put that circle with the x there, but it sures to hell wasn't me...

Now, the real question is...

Who took the cookie from the cookie jar?

thank you so much. Yes i will respect what you said. thank you again. Much appreciated

Bene ( french girl trader )

Cool, I like smart girls that like trading!

if cannot break deviation level 1 in daily, i will take short... waiting²