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Cable Update (GBPUSD)

  • #133,141
  • May 20, 2009 5:52am May 20, 2009 5:52am
Well still on the sidelines, hence the postings. Lets see what the US session brings we could be in for a whole day of this.

On the plus side if that is the case then the move when it comes will be all the swifter.......Up .......down, no idea yet its teased either way only good for bounces it seems and I am not a bounce trader.....
  • #133,142
  • May 20, 2009 5:53am May 20, 2009 5:53am
Quoting nAVIN2007
agree, my breakout trading suck!!
i think im the only one (always be) in trouble here....
my locking system work well...but takes very long long time to profit....
(better than loss i guess)..
- Always pray on your trading - God know the best for everyone
  • #133,143
  • May 20, 2009 5:53am May 20, 2009 5:53am
Quoting GlobalMacro
Retracements provide opportunity for cautious reentry.
thanks GM. do u mean Long from 5490??
  • #133,144
  • May 20, 2009 5:54am May 20, 2009 5:54am
Interesting, cable held up the trend line on the 4 hr chart...and this top finally looks like a peak, lets see what happens...might just be a choppy day.
  • #133,145
  • May 20, 2009 5:54am May 20, 2009 5:54am
5 minutes to get a bullish pin on 1hr and this could breakout to the top side
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 21 KB
  • #133,146
  • May 20, 2009 5:56am May 20, 2009 5:56am
Quoting free4440273
thanks GM. do u mean Long from 5490??
No,no. Use any strength as short entry as long as bullish momentum is weakening.
Hear the music before the song is over ...
  • #133,147
  • May 20, 2009 5:57am May 20, 2009 5:57am
balance of power on 5500 lol....
its like kung fu heroes pushing each other
- Always pray on your trading - God know the best for everyone
  • #133,148
  • May 20, 2009 5:57am May 20, 2009 5:57am
Quoting kingindian
i think im the only one (always be) in trouble here....
my locking system work well...but takes very long long time to profit....
(better than loss i guess)..
make no mistake, dont be fouled!! 95% lose in this thread even that isnt high enough...trading is very difficult thing
  • #133,149
  • May 20, 2009 6:00am May 20, 2009 6:00am
Selling from 5487 with tight sl.
ABCD..
  • #133,150
  • May 20, 2009 6:01am May 20, 2009 6:01am
Quoting GlobalMacro
No,no. Use any strength as short entry as long as bullish momentum is weakening.
Thanks GM
  • #133,151
  • May 20, 2009 6:01am May 20, 2009 6:01am
Cable is lagging behind EUR and CHF.... hopefully it will catch up, dame cross action!!!!
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #133,152
  • May 20, 2009 6:02am May 20, 2009 6:02am
Quoting kingindian
balance of power on 5500 lol....
its like kung fu heroes pushing each other
LOL .... like scale of justice, but it must dip in my favour now!!!!
  • #133,153
  • May 20, 2009 6:09am May 20, 2009 6:09am
Quoting nAVIN2007
5 minutes to get a bullish pin on 1hr and this could breakout to the top side
Hi mate, is this is confirm as a Pinbar? Thank's
Attached Image (click to enlarge)
Click to Enlarge Name: pinbar.gif Size: 15 KB
  • #133,154
  • May 20, 2009 6:11am May 20, 2009 6:11am
i think i shall stick to long term trading...its so much easier, only in this trade cause im on a demo experimenting with formations, patterns and trying to do breakout trading for intraday...

but it aint going well..
  • #133,155
  • May 20, 2009 6:13am May 20, 2009 6:13am
Quoting asen
Hi mate, is this is confirm as a Pinbar? Thank's

it is what i was refering too but the open and close should be in the body of the previous bar to be a better trading opportunity
  • #133,156
  • May 20, 2009 6:13am May 20, 2009 6:13am
Quoting nAVIN2007
i think i shall stick to long term trading...its so much easier, only in this trade cause im on a demo experimenting with formations, patterns and trying to do breakout trading for intraday...

but it aint going well..
i agree. long term trading is the way to go. After playing with small time-frames and different systems, long term trading is the most rewarding
Twitter: @forexpokerpro
  • #133,157
  • May 20, 2009 6:17am May 20, 2009 6:17am
playing imperial march on my PC
north march or south march........
- Always pray on your trading - God know the best for everyone
  • #133,158
  • May 20, 2009 6:20am May 20, 2009 6:20am
Quoting BBPI_fxtrader
i agree. long term trading is the way to go. After playing with small time-frames and different systems, long term trading is the most rewarding
yes it really is, signals are accurate and have found that it filters out the noise, whereas the smaller time frames make me tentive to the point where i get stupid
  • #133,159
  • May 20, 2009 6:29am May 20, 2009 6:29am
Quoting nAVIN2007
yes it really is, signals are accurate and have found that it filters out the noise, whereas the smaller time frames make me tentive to the point where i get stupid
I trade 5 min chart, pairing it with 30 min and 4hr, but ya small time frames are nerve racking...u also have to sit at the computer all the time when trading using small time frames.
  • #133,160
  • May 20, 2009 6:29am May 20, 2009 6:29am
Quoting free4440273
Thanks GM
You're welcome.
Hear the music before the song is over ...
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