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Cable Update (GBPUSD)

  • #179,661
  • Oct 29, 2009 2:47am Oct 29, 2009 2:47am
Quoting Ifty
Hi Chris. Welcome back bro. I hope you're relaxed and refreshed after your short break.
Hey Ifty, Never really left...lol Just can't trade too much this week. Had a nice ride on EJ this week from 136.76 to 133.35 though.

Currently long GU @ 6375

How's your trading going bro?
Ghost Rider - WWTBMD?
  • #179,662
  • Oct 29, 2009 2:48am Oct 29, 2009 2:48am
H1 Three Outside Up
H4 Bullish Engulfing
ABCD..
  • #179,663
  • Oct 29, 2009 2:48am Oct 29, 2009 2:48am
Quoting hafudo
what`s wrong with the "Let the profit run" buddy?

just my two pips,

wait patient..
DRAGON-TECHNICAL ANALYSIS!
  • #179,664
  • Oct 29, 2009 2:56am Oct 29, 2009 2:56am
Quoting albchr
Hey Ifty, Never really left...lol Just can't trade too much this week. Had a nice ride on EJ this week from 136.76 to 133.35 though.

Currently long GU @ 6375

How's your trading going bro?
I am doing OK as well. Scalping the 5 min and 15 min charts is what I know and it seems to work for me. I am working on longer trades but it does seem to be taking its time. As long we are making more than we are losing is what its all about. Keep up the good work GL.
You've got to be IN IT to WIN IT!
  • #179,665
  • Edited 3:24am Oct 29, 2009 2:57am | Edited 3:24am
Another thing to be aware of is a big stem of single prints that were generated on the 23/10 after the UK GDP prelim figures. These lie just above the 50% fib area. If the area does not hold and we enter above we could find ourselves at 1.6607 area very quickly.

'Single Prints': this is basically where PA has only trade once. The market does not like areas where price has only traded once and will usually in the course of the day fill in these prints so price has traded there at least twice. If not on that day then the following day traders will target these areas. Single prints and make good entry and exit points for intraday trading
To have consecutive 154 pips of single print not filled over the last few days is pretty extreme even for the GU. That shows some serious movement has happened very quickly.

Point to all this is if the 50%fib is tested again it will be a good point for reversal because if it don’t hold we are likely going up and fast. The single print will act as a turbo for the bulls.
Attached Image (click to enlarge)
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  • #179,666
  • Oct 29, 2009 2:59am Oct 29, 2009 2:59am
I will wait and watch till 6450-55
ABCD..
  • #179,667
  • Oct 29, 2009 3:01am Oct 29, 2009 3:01am
Quoting vincy balboa
wrong...


U are trading on a basis of 5 minute calculating of your 79 pips Profit.



sorry to say not Perfect Trade going to be yours...

It is good start DO ur MM


i didnt understand what is " on a basis of 5 minute "
but i am working on 4HR TF
and i 90% neglect news

Let's watch and see
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #179,668
  • Oct 29, 2009 3:05am Oct 29, 2009 3:05am
Quoting negro wolf
i didnt understand what is " on a basis of 5 minute "
but i am working on 4HR TF
and i 90% neglect news

Let's watch and see
4 hour chart


and gaining Pips 79?????




um..........


WHAT IS YOUR TRADING EXPERIENCE ?????????



Plz...

Money is worth while...

who trade in 4 hour swing trader Place his SL 150 pips Minimum..

and ur Proft Doesn't Fit in MM category



TRADE LESS BELIEVE TO THINK MORE
DRAGON-TECHNICAL ANALYSIS!
  • #179,669
  • Oct 29, 2009 3:06am Oct 29, 2009 3:06am
Morning all,

Well I have decided to stay away from cable for a few days, clear my head, and start again a fresh.

If im honest I cant really say with even a small amount of certainty which direction she is heading...

My trend line on the 4H stopped being respected about the time I entered short yesterday, lots of wicks through it now...best solution for me is to stay out.

Best of luck for those in!
  • #179,670
  • Oct 29, 2009 3:09am Oct 29, 2009 3:09am
Quoting Fudomyo
hi WB,

how's it going?

saw that too. closed my long here.

2 nice little trades.

off to dinner. see you all NY.
Hi fudo .

Nicely done bro
Will catch you later. Have a good one
Thank You
  • #179,671
  • Oct 29, 2009 3:10am Oct 29, 2009 3:10am
Quoting Ifty
I am doing OK as well. Scalping the 5 min and 15 min charts is what I know and it seems to work for me. I am working on longer trades but it does seem to be taking its time. As long we are making more than we are losing is what its all about. Keep up the good work GL.
To me, if you can scalp effectively off those time frames, longer trades are easy then. All that's required for them is patience to let them happen. I'm still working "a little" on that myself. I'm pretty patient to begin with but I'm learning that holding trades for a day or two can really pay off well.

Until recently, "most" of my trades lasted 30 minutes to a couple hours max. Since I just hate having to find entries, if I'm in and it's covered, I walk away now....lol
Ghost Rider - WWTBMD?
  • #179,672
  • Oct 29, 2009 3:13am Oct 29, 2009 3:13am
Quoting vincy balboa
4 hour chart


and gaining Pips 79?????




um..........


WHAT IS YOUR TRADING EXPERIENCE ?????????



Plz...

Money is worth while...

who trade in 4 hour swing trader Place his SL 150 pips Minimum..

and ur Proft Doesn't Fit in MM category



TRADE LESS BELIEVE TO THINK MORE
Thank You
  • #179,673
  • Oct 29, 2009 3:15am Oct 29, 2009 3:15am
Quoting vincy balboa
4 hour chart


and gaining Pips 79?????




um..........


WHAT IS YOUR TRADING EXPERIENCE ?????????



Plz...

Money is worth while...

who trade in 4 hour swing trader Place his SL 150 pips Minimum..

and ur Proft Doesn't Fit in MM category



TRADE LESS BELIEVE TO THINK MORE

Dear Friend

My First T.p IS 79 pips
my second and last T.P is another far point i calculate it myself
althogh i am not a god and can't tell u that this trade is gonna win
but i win 85% of my trades
and my trade experience is less than a year
and ...... look to my signature
hope you nice trades
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #179,674
  • Oct 29, 2009 3:18am Oct 29, 2009 3:18am
Quoting cannarek
short GBPUSD closed at BE and new trade - long from 1.6395 save at BE
PA promising, still observing...
  • #179,675
  • Oct 29, 2009 3:21am Oct 29, 2009 3:21am
Longs are looking good
  • #179,676
  • Oct 29, 2009 3:24am Oct 29, 2009 3:24am
Quoting negro wolf
Dear Friend

My First T.p IS 79 pips
my second and last T.P is another far point i calculate it myself
althogh i am not a god and can't tell u that this trade is gonna win
but i win 85% of my trades
and my trade experience is less than a year
and ...... look to my signature
hope you nice trades

HI Negro...


First..TP Doesn't Mean Ur Limit ...

You said you entered 1.6412 and above ur 79 pips first TP..

But

a trader should know This Loss First Specially Swing Trader, who is trading In 4 hour charts...

If it Reach the level of ur First SL.. so Now U are Breaking the MM law If I know your Lots..

because if your Sl is 150 abd Tp is 79 it doesn't make good since ...

Yes And The situational are wait and watch ..
DRAGON-TECHNICAL ANALYSIS!
  • #179,677
  • Oct 29, 2009 3:32am Oct 29, 2009 3:32am
Quoting negro wolf
Dear Friend

My First T.p IS 79 pips
my second and last T.P is another far point i calculate it myself
althogh i am not a god and can't tell u that this trade is gonna win
but i win 85% of my trades
and my trade experience is less than a year
and ...... look to my signature
hope you nice trades
wait and see....
be patient...
half way to go...
the sky won`t fall if we are wrong
Attached Image (click to enlarge)
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  • #179,678
  • Oct 29, 2009 3:36am Oct 29, 2009 3:36am
Quoting vincy balboa
HI Negro...


First..TP Doesn't Mean Ur Limit ...

You said you entered 1.6412 and above ur 79 pips first TP..

But

a trader should know This Loss First Specially Swing Trader, who is trading In 4 hour charts...

If it Reach the level of ur First SL.. so Now U are Breaking the MM law If I know your Lots..

because if your Sl is 150 abd Tp is 79 it doesn't make good since ...

Yes And The situational are wait and watch ..
i understand what u meant now
and i will try to explain more about my MM
i enter the deal with two separete lots
where the SL is 60-80 depending on my calculations
i know if i lost the trade i lose the whole open trades
which are two
then i multiply my loss 60x2 = 120 as example
but with my system and with my wining trade ratio
80% of wining trades has a second T.P of 100-300 pips
so ... i am not crazy don't worry
and i know and calculated what i am doing so accuratly
and i enjoyed discussing with u and hope we will be a friends
i am still not an old trader and still toooo much to learn
i only now follow my caculation till i learn something new

PS. MY NAME IS " AMR " AND I AM White .. negro wolf is a nick name
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #179,679
  • Oct 29, 2009 3:38am Oct 29, 2009 3:38am
Quoting hafudo
wait and see....
be patient...
half way to go...
the sky won`t fall if we are wrong
Attachment

if trade ends before 2.30 pm " after two hours "
we are a good luck men
if not .. news may do an effect .. which i don't wish
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #179,680
  • Oct 29, 2009 3:40am Oct 29, 2009 3:40am
Quoting Pyramus
Longs are looking good
yes, I agree I am in from 6395 and observing carefully
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