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Cable Update (GBPUSD)

  • #134,461
  • May 27, 2009 9:18pm May 27, 2009 9:18pm
Quoting mloistianto
+120 pips from 1.6081 closed @ 1.5961... is a good thing,the bad thing is, i do it in my demo account. LOL..
lol, nice...made +115 with a few standard lots (real), when u get a real account...trade max 10% of your account and use a stop loss, u should be good.
  • #134,462
  • May 27, 2009 9:23pm May 27, 2009 9:23pm
Quoting 4xHero
lol, nice...made +115 with a few standard lots (real), when u get a real account...trade max 10% of your account and use a stop loss, u should be good.
Yes, thanks you for your advise, i have a real account thou only i use it when i am really sure what i am doing.. plus set a very safe sl, and like debooo said, move ur sl to BE if u make some profit.. it quite help me alot, u can be greedy but u at least nothing to lose when the trend is pulling back.. anw, thanks
  • #134,463
  • May 27, 2009 9:52pm May 27, 2009 9:52pm
Asian's session is very boring..
  • #134,464
  • May 27, 2009 9:58pm May 27, 2009 9:58pm
I am long at 5959...with SL 5910 and TP 6070....your thoughts guys?
  • #134,465
  • May 27, 2009 9:59pm May 27, 2009 9:59pm
Quoting mloistianto
Asian's session is very boring..
not if you're a scalper. 10 pips here and there. do that 3 times u'll get 30 pips
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  • #134,466
  • May 27, 2009 10:02pm May 27, 2009 10:02pm
Quoting agoenk
not if you're a scalper. 10 pips here and there. do that 3 times u'll get 30 pips
Yeah.. ure right.. thats why i am boring.. because i dont have the power of scalping. http://www.forexfactory.com/images/icons/icon6.gif RIght now Gu still have enough space to go south, still waiting..
  • #134,467
  • May 27, 2009 10:06pm May 27, 2009 10:06pm
Quoting mloistianto
Yeah.. ure right.. thats why i am boring.. because i dont have the power of scalping. http://www.forexfactory.com/images/icons/icon6.gif RIght now Gu still have enough space to go south, still waiting..
hehe, i'm not a scalper too just showing a different POV. agree about journey to the south. waiting london session and 4H candle closed below 1.5944. patience..patience....zzzzzz
  • #134,468
  • May 27, 2009 10:14pm May 27, 2009 10:14pm
Quoting Red.Hawk
I am long at 5959...with SL 5910 and TP 6070....your thoughts guys?
bye

Your SL is resistance...
  • #134,469
  • May 27, 2009 10:18pm May 27, 2009 10:18pm
Quoting Red.Hawk
I am long at 5959...with SL 5910 and TP 6070....your thoughts guys?
I'm sorry red..
  • #134,470
  • May 27, 2009 10:19pm May 27, 2009 10:19pm
yup...SL hit
  • #134,471
  • May 27, 2009 10:22pm May 27, 2009 10:22pm
I will enter long, but i will enter at 5895 with a s/l at 5745...
  • #134,472
  • May 27, 2009 10:26pm May 27, 2009 10:26pm
Quoting mloistianto
I'm sorry red..
Yeah its ok...pray for the next trade to be successful
  • #134,473
  • May 27, 2009 10:28pm May 27, 2009 10:28pm
Quoting 4xHero
I will enter long, but i will enter at 5895 with a s/l at 5745...
wow, pretty big sl u have.. i better play safe, near first good support..
  • #134,474
  • May 27, 2009 10:31pm May 27, 2009 10:31pm
Quoting 4xHero
I will enter long, but i will enter at 5895 with a s/l at 5745...
Are you following Elliott Wave principle?
  • #134,475
  • May 27, 2009 10:39pm May 27, 2009 10:39pm
Quoting Red.Hawk
Are you following Elliott Wave principle?
nope, i have my own system but here is some tid bit for you on cable, put your stop 30 pips lower then support resistance levels and u will save many trades.
  • #134,476
  • May 27, 2009 10:42pm May 27, 2009 10:42pm
Quoting 4xHero
nope, i have my own system but here is some tid bit for you on cable, put your stop 30 pips lower then support resistance levels and u will save many trades.
Thanks for the good advice...i normally use elliott wave theory, but this trade was taken on the basis of the candle positions, i had a wonderful day yesterday making 300+ pips in Gold and GBP...today's start isn't great, I hope to make up for this later in the day....best of luck to you too
  • #134,477
  • May 27, 2009 10:55pm May 27, 2009 10:55pm
Quoting Red.Hawk
Thanks for the good advice...i normally use elliott wave theory, but this trade was taken on the basis of the candle positions, i had a wonderful day yesterday making 300+ pips in Gold and GBP...today's start isn't great, I hope to make up for this later in the day....best of luck to you too
thanks...good luck to u too.
  • #134,478
  • May 27, 2009 11:57pm May 27, 2009 11:57pm
big drop...long from 5912
targetting 1600
sl 5870

stoch and rsi already over.
trend still up on h1,d1
- Always pray on your trading - God know the best for everyone
  • #134,479
  • May 28, 2009 12:00am May 28, 2009 12:00am
Waiting Closing Candle 4H to next view..

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  • #134,480
  • May 28, 2009 12:51am May 28, 2009 12:51am
can hold short???or must close and long now???
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