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Cable Update (GBPUSD)

  • #144,221
  • Jul 8, 2009 10:55am Jul 8, 2009 10:55am
Quoting tjhimself
thanks but do u ever have long tern trades
no
  • #144,222
  • Jul 8, 2009 10:56am Jul 8, 2009 10:56am
Quoting Razor_trader
Shorting a breakout after the spike is different from shorting during the spike. If people are entering a candle/bar that is moving then they are going to get punished. If the candle has closed and you set up a short then IMO thats a smarter way of trading.

For example I traded the breakout of the previous hours pin bar, I didnt get in before hand incase the bar ended up a completely full bullish bar, the story told in the bar would have been completely different and my trade set up wouldnt have existed.

In the end you will be right some wrong...
sorry i disagree.. what was the support that gave away? the 45/50 level .. what happened at price RE-TESTED that level? its back down now...let the break occur, and then jump on board as price returns to the scene of the crime ..

breakout .. pulback ..POSITION .. pips.
  • #144,223
  • Jul 8, 2009 10:57am Jul 8, 2009 10:57am
Quoting jack.canadia
shorting after a spike down is nonsense... you are sitting what -20 right now? id be shitting myself

Hahahaha!
Nonsense? You speak as if the plot was a matter accurate, precise movements. Never seen a sharp decline when a resistance is broken? I work entering the market so I have a safe position of the main motion.
I prefer to stay in DrawDown of not being in the great movement.

Each person with their strategy, but thanks for the warning would have been good to accompany m5
  • #144,224
  • Jul 8, 2009 10:58am Jul 8, 2009 10:58am
Quoting Andre88
Hahahaha!
Nonsense? You speak as if the plot was a matter accurate, precise movements. Never seen a sharp decline when a resistance is broken? I work entering the market so I have a safe position of the main motion.
I prefer to stay in DrawDown of not being in the great movement.

Each person with their strategy, but thanks for the warning would have been good to accompany m5
i'll stop bashing your strategy .. you remind me of that guy who said he went long at 6700
  • #144,225
  • Jul 8, 2009 11:00am Jul 8, 2009 11:00am
Quoting wormboy
it ain't going back to 153 anytime soon.
a re-test of that TL and there is also support there .. i favor it and will short there

something drastic needs to occur to let the floor fall out and for every pair to just tank.. maybe it has a one way ticket another 300 pips down, but i can guarentee with >50% probability that it will revisit that level and give a nice short opportunity.
  • #144,226
  • Jul 8, 2009 11:00am Jul 8, 2009 11:00am
Quoting wormboy
lol.
Possibly a pullback before 59.
  • #144,227
  • Jul 8, 2009 11:01am Jul 8, 2009 11:01am
Quoting jack.canadia
i'll stop bashing your strategy .. you remind me of that guy who said he went long at 6700
ill hand it to you, you got lucky
  • #144,228
  • Jul 8, 2009 11:01am Jul 8, 2009 11:01am
Quoting wormboy
lol.
Wow, truckload of pips man!
Great Bodies are Engineered not Born
  • #144,229
  • Jul 8, 2009 11:02am Jul 8, 2009 11:02am
long at 6000, daily S1 and psych level.. another 20 pip SL

if my Sl is taken im done for today .. that will level me at 100 pip gain
  • #144,230
  • Jul 8, 2009 11:04am Jul 8, 2009 11:04am
  • #144,231
  • Jul 8, 2009 11:04am Jul 8, 2009 11:04am
Quoting wormboy
are we there yet?
You're killing me!
  • #144,232
  • Jul 8, 2009 11:04am Jul 8, 2009 11:04am
Quoting jack.canadia
sorry i disagree.. what was the support that gave away? the 45/50 level .. what happened at price RE-TESTED that level? its back down now...let the break occur, and then jump on board as price returns to the scene of the crime ..

breakout .. pulback ..POSITION .. pips.
No where did I say to enter this candle on any break of any level. I said to trade the breakout once the candle has closed. I also dont agree with the trade at 6030 as the candle was still running, but if you trade a much lower TF then you may have had reason too. My limit is 1 hour charts and I dislike these at the best of times.

But in the end your allowed to disagree just as I have disagreed with the long trades most have taken, but as mentioned some prefer to scalp for 30 pips off small TFs, I prefer the returns of greater Risk/Reward than 1:1 and to do so means trades usually need to run longer than a couple of hours.

Razor
  • #144,233
  • Jul 8, 2009 11:08am Jul 8, 2009 11:08am
I know this isn't cable but.....WOOO...that was close....
Attached Image (click to enlarge)
Click to Enlarge Name: eu 1h.gif Size: 21 KB
Ghost Rider - WWTBMD?
  • #144,234
  • Jul 8, 2009 11:09am Jul 8, 2009 11:09am
Quoting jack.canadia
a re-test of that TL and there is also support there .. i favor it and will short there

something drastic needs to occur to let the floor fall out and for every pair to just tank.. maybe it has a one way ticket another 300 pips down, but i can guarentee with >50% probability that it will revisit that level and give a nice short opportunity.
Don't guarantee it. This is the dragon, not euro/usd.
good luck with your trades jack
Thank You
  • #144,235
  • Jul 8, 2009 11:10am Jul 8, 2009 11:10am
Quoting RichLadyFX
Wow, truckload of pips man!
hait, arigato dozaimas. I love my geisha thanks
Thank You
  • #144,236
  • Jul 8, 2009 11:11am Jul 8, 2009 11:11am
Quoting Zuke
I used to trade on feelings but changed to trading on probabilities instead. Infinitely less stressful and has been more successful for me

Could you be so kind to breafly explain your sistem, or where can we find info.
meny thancs and GreenPips
  • #144,237
  • Jul 8, 2009 11:11am Jul 8, 2009 11:11am
Quoting wormboy
Don't guarantee it. This is the dragon, not euro/usd.
good luck with your trades jack
haha can you see my ignorance with the pair .. hence why i dont trade it

500 pips down in one day, insane! good on you thought for being short!
  • #144,238
  • Jul 8, 2009 11:13am Jul 8, 2009 11:13am
Quoting Razor_trader
No where did I say to enter this candle on any break of any level. I said to trade the breakout once the candle has closed. I also dont agree with the trade at 6030 as the candle was still running, but if you trade a much lower TF then you may have had reason too. My limit is 1 hour charts and I dislike these at the best of times.

But in the end your allowed to disagree just as I have disagreed with the long trades most have taken, but as mentioned some prefer to scalp for 30 pips off small TFs, I prefer the returns of greater Risk/Reward than...
Here are my 5 minute charts that u talk about.

enjoy

http://www.forexfactory.com/showpost...85&postcount=2
  • #144,239
  • Jul 8, 2009 11:14am Jul 8, 2009 11:14am
Quoting jack.canadia
haha can you see my ignorance with the pair .. hence why i dont trade it

500 pips down in one day, insane! good on you thought for being short!
make that 500 pips down in 2 hours.
cheers bro, you're not doing too bad yourself. That long call during london open was perfect. Very nice.
Thank You
  • #144,240
  • Jul 8, 2009 11:15am Jul 8, 2009 11:15am
Quoting wormboy
hait, arigato dozaimas. I love my geisha thanks
I know, i know. There is only one Maria. Too bad you have to share her with grashid
Great Bodies are Engineered not Born
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