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Cable Update (GBPUSD)

  • #171,701
  • Oct 1, 2009 2:19am Oct 1, 2009 2:19am
Quoting bbmac
just wanted to express my concern for anyone on this thread caught up in the last 24-48hr earthquakes in the pacific area...hope everyone ok, the images on the tv are awful, ..feel for those involved.

G/L

wow i didnt even know! climate changes are starting to become much more erratic..
  • #171,702
  • Oct 1, 2009 2:20am Oct 1, 2009 2:20am
Quoting albchr
This is nuts. About to get burned again here.

Yeah, I just got stopped out myself... trading a channel, typically as I entered at the top, it only made it half way down to the base then reversed and shot up...not really sure I trust her enough to buy though...of course that probably means the rest of you should!

I think with the amount of news out today for the dollar, it may be a difficult task on the lower time scales.
  • #171,703
  • Oct 1, 2009 2:23am Oct 1, 2009 2:23am
Quoting Geppyg
Brov just hedge me I will make your profitable....last few days have been really wierd....Take it easy .....

Have a good day brov
I'll take it anyway I can get it, and seldom is it easy.
Ghost Rider - WWTBMD?
  • #171,704
  • Oct 1, 2009 2:25am Oct 1, 2009 2:25am
Quoting antic81
Yeah, I just got stopped out myself... trading a channel, typically as I entered at the top, it only made it half way down to the base then reversed and shot up...not really sure I trust her enough to buy though...of course that probably means the rest of you should!

I think with the amount of news out today for the dollar, it may be a difficult task on the lower time scales.


Bro, am up +45pips in my account... U don't want to miss today in your account growth to wealth. Bro, Astronomical growth expected in the near future...

Only those that actually try are Victors... V
  • #171,705
  • Oct 1, 2009 2:25am Oct 1, 2009 2:25am
Quoting antic81
Yeah, I just got stopped out myself... trading a channel, typically as I entered at the top, it only made it half way down to the base then reversed and shot up...not really sure I trust her enough to buy though...of course that probably means the rest of you should!

I think with the amount of news out today for the dollar, it may be a difficult task on the lower time scales.
Just came within 2 pips of my stop on my first sell. Have one a bit higher also but man, who knows?
Ghost Rider - WWTBMD?
  • #171,706
  • Oct 1, 2009 2:26am Oct 1, 2009 2:26am
Quoting antic81
Yeah, I just got stopped out myself... trading a channel, typically as I entered at the top, it only made it half way down to the base then reversed and shot up...not really sure I trust her enough to buy though...of course that probably means the rest of you should!

I think with the amount of news out today for the dollar, it may be a difficult task on the lower time scales.

I would argue that at anytime, it is easier on the lower t/f's and that is certainly my experience...ie on a 1min trigger i can be in and out of hi-probability moves such is the oscillation or as some call it 'noise' to be found there within a 1hr + ranging or trending conditions..it matters not. Again, arguably, the longer you are in a market like off a 1hr trigger for eg, the longer you are exposed to risk and the wim of the markets.

Just an opinion.

G/L
ex member
  • #171,707
  • Oct 1, 2009 2:34am Oct 1, 2009 2:34am
Quoting bbmac
I would argue that at anytime, it is easier on the lower t/f's and that is certainly my experience...ie on a 1min trigger i can be in and out of hi-probability moves such is the oscillation or as some call it 'noise' to be found there within a 1hr + ranging or trending conditions..it matters not. Again, arguably, the longer you are in a market like off a 1hr trigger for eg, the longer you are exposed to risk and the wim of the markets.

Just an opinion.

G/L
To be honest, I do trade the lower times as well as the larger ones, obviously using very different techniques for the different time scales...

I dont have a preference as of yet as I am still experimenting to find what works best for me.

The only issue I have with long trades is my own psychology...haha!

Yesterday I did a really small lot with a big stop, then went to the shop...I knew that I would be going nuts watching, got 83 pips...financially not huge as the lot size was so small, but happy with it none the less.
  • #171,708
  • Oct 1, 2009 2:35am Oct 1, 2009 2:35am
Hold on to the LONG!!! Cable is going to test the resistance @ 1.6028... Goodluck
  • #171,709
  • Oct 1, 2009 2:39am Oct 1, 2009 2:39am
View VS View 2.
Which timeframe will win ?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: view.jpg Size: 75 KB
  • #171,710
  • Oct 1, 2009 2:40am Oct 1, 2009 2:40am
Quoting Reznik
Hold on to the LONG!!! Cable is going to test the resistance @ 1.6028... Goodluck
Would you please stop this? Either post a chart with you views or at least an explanation of why you think what you do. Constantly coming out and calling it''s direction AFTER it starts moving is really getting annoying.

Thank you..
Ghost Rider - WWTBMD?
  • #171,711
  • Oct 1, 2009 2:42am Oct 1, 2009 2:42am
Good eg on 1min a few mins was this entry on close of 1min 0830am gmt harami (inside) candle as the trigger to a re-entry to 5min trend after a pullback based on a hidden divergence set-up. At time of entry, 5min in an uptrend and macd signal line above it's axis, 30min/1hr macd signal lines pointing up...a quick hi-probability +10p pips from a 5978ask entry and @ the volume I traded is 1/2 my soft daily target (aggregated from a hard weekly target)

So even though 1hr is unclear, there are opportunities. (incidentally there was a reversal set-up above it that indicated the fall from 5994 area but as I had no pre-identified potential sbr/res factors there i rejected the set-up.

G/L

http://i33.tinypic.com/w8ncy8.gif
ex member
  • #171,712
  • Oct 1, 2009 2:43am Oct 1, 2009 2:43am
Quoting albchr
Just came within 2 pips of my stop on my first sell. Have one a bit higher also but man, who knows?
I have a feeling that we may see a swing now and the bulls coming out from behind the trees to play(not really sure about that metaphor)...but I have not got much to back that up with, other than it did bounce twice (5M) on the S1 and then move upwards with quite a bit of momentum...not really sure what to do, perhaps a much smaller lot size with a bigger stop is the order of the day!

Good Luck!
  • #171,713
  • Oct 1, 2009 2:43am Oct 1, 2009 2:43am
Not too happy with my short positions ATM but hoping my line in the sand of 5988 (arrow) will hold.
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #171,714
  • Oct 1, 2009 2:45am Oct 1, 2009 2:45am
Quoting wormboy
Hi benny yep, it was just a precaution by our authorities yesterday. We're not affected at all. Pity to those who were tho.
Trade safe bro
Hi worm Brother..
is it still valid to see 1.62xx for today ??
  • #171,715
  • Oct 1, 2009 2:46am Oct 1, 2009 2:46am
Quoting albchr
Not too happy with my short positions ATM but hoping my line in the sand of 5988 (arrow) will hold.
Morning Chris, where you short from, bro...?
Hear the music before the song is over ...
  • #171,716
  • Oct 1, 2009 2:47am Oct 1, 2009 2:47am
Quoting albchr
Not too happy with my short positions ATM but hoping my line in the sand of 5988 (arrow) will hold.
Also ur first sell order wasnt really good when i take a look in my hour chart. I hope it will return later because H4 ( yesterday ) was a bear div.

So lets hope for u =).

I dont know what i do for the moment. Because M30 vs 1H.
But i think M30 dont jump over the scopeline.
  • #171,717
  • Oct 1, 2009 2:49am Oct 1, 2009 2:49am
Quoting GlobalMacro
Morning Chris, where you short from, bro...?
Morning GM, 5930, 5956. Yeah I know... woke up late and jumped in still blurry eyed....lol

15m providing some hope maybe?
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #171,718
  • Oct 1, 2009 2:50am Oct 1, 2009 2:50am
Quoting Xtravaganz
Also ur first sell order wasnt really good when i take a look in my hour chart. I hope it will return later because H4 ( yesterday ) was a bear div.

So lets hope for u =).

I dont know what i do for the moment. Because M30 vs 1H.
But i think M30 dont jump over the scopeline.

Yeah...lol, in hindsight it wasn't. At the time I took it, she was pushing down good. Go figure huh? LOL
Ghost Rider - WWTBMD?
  • #171,719
  • Oct 1, 2009 2:51am Oct 1, 2009 2:51am
im withing you hoping that bounce on the 50 ema on the hourly was good

Quoting albchr
Not too happy with my short positions ATM but hoping my line in the sand of 5988 (arrow) will hold.
  • #171,720
  • Oct 1, 2009 2:52am Oct 1, 2009 2:52am
This is what I am see-ing on 1hr atm, the wide dotted horizontal line is a breeched ascending trend line...and the red wide dotted line is a channel top on this t/f. The deep red and blue zones are co-existant previous swings on the 4hr chart.

Buy @ potential support/rbs -and- Sell @ potential resistance/sbr on a trigger t/f below that you have identified it on, aware of the conditions on that t/f (trend or range)...it doesn't get any simpler.

G/L

http://i35.tinypic.com/2zh14c4.gif
ex member
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