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Cable Update (GBPUSD)

  • #157,601
  • Aug 13, 2009 6:01am Aug 13, 2009 6:01am
Quoting sailor68
Thanks, now i try to trade with upper frame H1 and H4 and also try to hold my trade for a few days like did and do wormboy because usually i trade with 5M and 15M.

i will test it with 2 accounts

For this moment im long on gu, short ej and maybe soon short gj

as for my trades im a day trader m5, m30 and h1

today i chicken out i bought at 6511 then stop it to soon.

now bought at 6565 sl + 20 pips targeting my R1 which is 6643

im a newbie and not a disciplined one. so now slowly building my balance back after a blunder 2 weeks ago. reason no discipline never follow what i saw on the chart
  • #157,602
  • Aug 13, 2009 6:02am Aug 13, 2009 6:02am
Same chart different day:
http://www.forexfactory.com/showpost...postcount=2321

btw, notice how I pull the green arrow as far as the eyes can see? That's because I'm long now
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.JPG Size: 79 KB
Thank You
  • #157,603
  • Aug 13, 2009 6:02am Aug 13, 2009 6:02am
Trying to get an answer to this question regarding Dukascopy:

http://www.forexfactory.com/t/190321...ml#post2952145

No response on the brokers thread, if anyone here knows, please post in that thread.

Many thanks

Right, back to the charts..
  • #157,604
  • Aug 13, 2009 6:03am Aug 13, 2009 6:03am
Quoting trj6911
Hi all just my novice view and my thoughts but i think R3 on my pivots will get tested imo and R2 needs to hold as support before i would assume a direction, of course i have limited abilty in FX...cheers
could you please send your pivot resistance indicator please .... i like it because it shows pivot from the last days ...

thanks a lot ....

best regards

dogol
  • #157,605
  • Aug 13, 2009 6:06am Aug 13, 2009 6:06am
Quoting wormboy
Same chart different day:
http://www.forexfactory.com/showpost...postcount=2321

btw, notice how I pull the green arrow as far as the eyes can see? That's because I'm long now

the weekly does not lie . we should get reatracement to 1.6800 then down form there to 1.5200
Blogging daily now at www.volume.zone
  • #157,606
  • Aug 13, 2009 6:07am Aug 13, 2009 6:07am
Quoting wormboy
Same chart different day:
http://www.forexfactory.com/showpost...postcount=2321

btw, notice how I pull the green arrow as far as the eyes can see? That's because I'm long now
Do you really think cable is going north?
  • #157,607
  • Aug 13, 2009 6:08am Aug 13, 2009 6:08am
Quoting sailor68
Thanks, now i try to trade with upper frame H1 and H4 and also try to hold my trade for a few days like did and do wormboy because usually i trade with 5M and 15M.

i will test it with 2 accounts

For this moment im long on gu, short ej and maybe soon short gj
short dragon??

btw, different ball game trading the higher tf & the lower ones. Different.
Anyone who says they're the same are deluded. For starters, the risk management is way different, ie wider stops. Unless if you have a million bucks in your account then there'll be a lot of tweaking to be done in that department.
Don't jump in unprepared bro
Thank You
  • #157,608
  • Aug 13, 2009 6:11am Aug 13, 2009 6:11am
Quoting malcolmb14
the weekly does not lie . we should get reatracement to 1.6800 then down form there to 1.5200
Man I know that! You're a real party pooper mal!
Have you not watched "the secret law of attraction". I'm visualising! booooooooooooo
Thank You
  • #157,609
  • Aug 13, 2009 6:12am Aug 13, 2009 6:12am
Quoting T.E.Lawrence
Do you really think cable is going north?
at the moment yes
Thank You
  • #157,610
  • Aug 13, 2009 6:12am Aug 13, 2009 6:12am
Quoting wormboy
short dragon??

btw, different ball game trading the higher tf & the lower ones. Different.
Anyone who says they're the same are deluded. For starters, the risk management is way different, ie wider stops. Unless if you have a million bucks in your account then there'll be a lot of tweaking to be done in that department.
Don't jump in unprepared bro

there are signs of weakness gj ... bear div rsx 15 min ...bear divergence volume since last move to 159.5.

I am not taking position till after news in 1 hr 15 min
Blogging daily now at www.volume.zone
  • #157,611
  • Aug 13, 2009 6:16am Aug 13, 2009 6:16am
Quoting wormboy
Man I know that! You're a real party pooper mal!
Have you not watched "the secret law of attraction". I'm visualising! booooooooooooo

....the secret what?.......
Hear the music before the song is over ...
  • #157,612
  • Aug 13, 2009 6:22am Aug 13, 2009 6:22am
Quoting malcolmb14
the weekly does not lie . we should get reatracement to 1.6800 then down form there to 1.5200
I'm not sure abt 1.6800 Malc, I'm leaning towards 1.6640 halting the upmove, max 1.6700. A move to 1.6800 will end my down view....

This what I'm playing too....
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 115 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #157,613
  • Aug 13, 2009 6:22am Aug 13, 2009 6:22am
Quoting wormboy
short dragon??

btw, different ball game trading the higher tf & the lower ones. Different.
Anyone who says they're the same are deluded. For starters, the risk management is way different, ie wider stops. Unless if you have a million bucks in your account then there'll be a lot of tweaking to be done in that department.
Don't jump in unprepared bro
Yes Thanks, its why i use 5M and 15M and i don't hold my trade all the day (i take my entry/exit/SL on the candle pattern, SR and volume , usually my target is 10 to 20 pips, but now like on gu, i reduced my exposition to the market and try to hold my position...
Trade with the momentum
  • #157,614
  • Aug 13, 2009 6:23am Aug 13, 2009 6:23am
Quoting malcolmb14
there are signs of weakness gj ... bear div rsx 15 min ...bear divergence volume since last move to 159.5.

I am not taking position till after news in 1 hr 15 min
cool. can't see what you see tho tbh bcoz i don't use rsx & m15 tho. I'm looking at the h4 and the previous close was strong.
Thank You
  • #157,615
  • Aug 13, 2009 6:23am Aug 13, 2009 6:23am
Quoting dogol
could you please send your pivot resistance indicator please .... i like it because it shows pivot from the last days ...

thanks a lot ....

best regards

dogol
Sorry dogol i got the code from Metaquote LANGUAGE havent been able to find the code since ..extremely accurate as well,it was designed by swing tree pty ltd..
  • #157,616
  • Aug 13, 2009 6:25am Aug 13, 2009 6:25am
Quoting Bull_Bear
I'm not sure abt 1.6800 Malc, I'm leaning towards 1.6640 halting the upmove, max 1.6700. A move to 1.6800 will end my down view....

This what I'm playing too....

just based on symmetry of moves and how the top formed in Nov 2007

1.6800 holds and down to .15200 we go
Blogging daily now at www.volume.zone
  • #157,617
  • Aug 13, 2009 6:26am Aug 13, 2009 6:26am
Quoting GlobalMacro
....the secret what?.......
lol the law of attraction! when you visualize then you materialize
ask bb he visualize his beer as early as monday morning and I can near guarantee you he's always pissed drunk by friday evening
Thank You
  • #157,618
  • Aug 13, 2009 6:27am Aug 13, 2009 6:27am
emm its trying it best to break 1.6630 if it breaks this i.e. 61.8 fibs then i think we would be heading way up north.
Attached Image (click to enlarge)
Click to Enlarge Name: h1.gif Size: 19 KB
  • #157,619
  • Aug 13, 2009 6:28am Aug 13, 2009 6:28am
Quoting malcolmb14
the weekly does not lie . we should get reatracement to 1.6800 then down form there to 1.5200
Malcolm

How do you get to 1.6800. Please tell me as I cant see how it will retrace to there.

Thanks
  • #157,620
  • Aug 13, 2009 6:31am Aug 13, 2009 6:31am
Some resistance at 1.6630 as we approching slowly to 1.6640 (38.2% FIB 1H)
If you resist at heart attack, you will be rich from trading.
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