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Cable Update (GBPUSD)

  • #147,961
  • Jul 20, 2009 7:41am Jul 20, 2009 7:41am
Quoting OmegaFire
You might consider re-djusting you SL to 6625
Nope, risk is figured and I never back off my stops after the fact. If it takes me out I can live with the loss and will make it up on the next one...
Ghost Rider - WWTBMD?
  • #147,962
  • Jul 20, 2009 7:42am Jul 20, 2009 7:42am
Quoting Bull_Bear
Keep chipping away bro...
Step by step, SLOWLY it crawls back to BE.....
Ghost Rider - WWTBMD?
  • #147,963
  • Jul 20, 2009 7:54am Jul 20, 2009 7:54am
it's time to gain some pips
  • #147,964
  • Jul 20, 2009 7:55am Jul 20, 2009 7:55am
Quoting albchr
Well BB, if it's going down, it ain't going easily.
maybe not easy, but if you help us pushing down, then it will be much easier
ROBOT FOREX
  • #147,965
  • Jul 20, 2009 7:58am Jul 20, 2009 7:58am
if it hits 16516 or 16540 again there will a chance to hop on board (preferably 16)
  • #147,966
  • Jul 20, 2009 8:01am Jul 20, 2009 8:01am
Quoting KillPhil08
if it hits 16516 or 16540 again there will a chance to hop on board (preferably 16)
I just closed for 40 pips (8%). Looks bearish across the board to my eyes (BEEB on 1H, pin forming on 4H, 5M ascending TL broken down) but i'm now looking for a suitable re-entry on the retracement.
  • #147,967
  • Jul 20, 2009 8:04am Jul 20, 2009 8:04am
Quoting albchr
Nope, risk is figured and I never back off my stops after the fact. If it takes me out I can live with the loss and will make it up on the next one...
Retrace maybe to 61.8 FIB @6450 but we expect to see 6600 b4 any significant move down.
In all your ways acknowledge Him and He will direct your path.
  • #147,968
  • Jul 20, 2009 8:04am Jul 20, 2009 8:04am
Quoting Bull_Bear
How's it hang'n Wormie.... You taking her south bound too?
Hey bb, yep, south only. Was watching 6535 level I mentioned earlier all this while. That's my daily cue. Rejection so far, so no longs for me. Mistake I made was I jumped too early this morning.
Thank You
  • #147,969
  • Jul 20, 2009 8:05am Jul 20, 2009 8:05am
Quoting Forbes55
maybe not easy, but if you help us pushing down, then it will be much easier
Hey, I'm doing my part....LOL But I won't add to an already losing position. No matter how tempted I was to short at 6547...LOL

You could always add a nice 10 lot short to help out a tad....
Ghost Rider - WWTBMD?
  • #147,970
  • Jul 20, 2009 8:05am Jul 20, 2009 8:05am
Quoting albchr
LOL...you just have those pictures idling in a folder on your desktop for times like these huh?.....
Not quite. I only have bookmarks the url to this pics
Thank You
  • #147,971
  • Jul 20, 2009 8:07am Jul 20, 2009 8:07am
Tbh i'm long EJ again, cable is the odd one out today in terms of placement of s/r. Got to be disciplined and trade what it shows though. bah.

Inside 1hr pinbar on euro anyone who's interested.

Nice trade dan my man. 8% friggin hell n1.
  • #147,972
  • Jul 20, 2009 8:09am Jul 20, 2009 8:09am
Quoting wormboy
Hey bb, yep, south only. Was watching 6535 level I mentioned earlier all this while. That's my daily cue. Rejection so far, so no longs for me. Mistake I made was I jumped too early this morning.
With all due respect WB, I can't see any significant S/R value around 6535 or 6550 - only at 6600. Please kind educate me. I don't want to join the downtrend too late.
In all your ways acknowledge Him and He will direct your path.
  • #147,973
  • Jul 20, 2009 8:09am Jul 20, 2009 8:09am
Quoting KillPhil08
Tbh i'm long EJ again, cable is the odd one out today in terms of placement of s/r. Got to be disciplined and trade what it shows though. bah.

Inside 1hr pinbar on euro anyone who's interested.

Nice trade dan my man. 8% friggin hell n1.
Yeah, well, lost 2% on that fakey 5M pin off the 4H TL earlier so its one step back, two forward!

Thanks for heads up on Euro, will check it out after your IPB call on Cable on Friday
  • #147,974
  • Jul 20, 2009 8:10am Jul 20, 2009 8:10am
Quoting wormboy
Hey bb, yep, south only. Was watching 6535 level I mentioned earlier all this while. That's my daily cue. Rejection so far, so no longs for me. Mistake I made was I jumped too early this morning.
Jump'n in early, thats not your style bro..... Had itchy fingers did you?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #147,975
  • Jul 20, 2009 8:12am Jul 20, 2009 8:12am
Quoting pipper
What's Jack and Gill saying Lion ?
well Jack and Jill tells me to stay on the friggin sidelines and sleep
  • #147,976
  • Jul 20, 2009 8:15am Jul 20, 2009 8:15am
Quoting forexlion
well Jack and Jill tells me to stay on the friggin sidelines and sleep
go to sleep lion.. your time has come.. go to your mama..
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #147,977
  • Jul 20, 2009 8:16am Jul 20, 2009 8:16am
Thanks for the tips earlier Lion. Much appreciated
Disclaimer: Check your 1m charts
  • #147,978
  • Jul 20, 2009 8:17am Jul 20, 2009 8:17am
wormboy .. i think the Humpty Dumpty level 6460 is calling ya

not sure cause i won't short on a friggin 4 hour trend
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  • #147,979
  • Jul 20, 2009 8:20am Jul 20, 2009 8:20am
Quoting OmegaFire
With all due respect WB, I can't see any significant S/R value around 6535 or 6550 - only at 6600. Please kind educate me. I don't want to join the downtrend too late.
Patience Prevails! Nice work dan. Glad I did what the charts told me to.

Omega here's a chart, was look at this all day (I know it traded through but the 4hr resistance of 46 and the 50 round number provided suffient resistance to short, lately good moves have been extending s/r then come back around. Very annoying sometimes.)

I'm not playing this EU danny btw, just giving a headsup.

For all you guys struggling, try this, i've been demoing it today.

When you enter a trade start your timer, time how long you are in loss, then how long you are in profit (two timers needed).

From there you can chart an average trade length and average trade length pnl.

You'll be surprised at the results! Promise!
  • #147,980
  • Jul 20, 2009 8:22am Jul 20, 2009 8:22am
@ omega, forgot attachment
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