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Cable Update (GBPUSD)

  • #185,321
  • Dec 1, 2009 1:25pm Dec 1, 2009 1:25pm
Quoting samdani786
ok buddy went short at 16624. SL 16650 Lets see
I shorted this one myself at .6636 with a sl of .6700 and target of .6500 lets see where she goes....
  • #185,322
  • Dec 1, 2009 1:34pm Dec 1, 2009 1:34pm
re-entered short again at 6640, sl 6657, still waiting for that retrace now waiting for move to 6605. Can't figure out what this unwillingness to retrace means! stochs and tl supports move lower, if 6650 holds till asian session i'm quite sure it will fall lower if not it's crazy business and i jump in the morning fully on long side for 1.7
  • #185,323
  • Dec 1, 2009 1:37pm Dec 1, 2009 1:37pm
Quoting Magix
Lots of time to worry about the NFP. Direction on the week as far as I am concerned still hasn't been set. If we cross the 24SMA and hold it today, I will be more leaning on the bull side of things. A fall back from the 24SMA I will be on the bear side of things.

Because I only play with chart support, I really don't care if we go up or down, it's just the sideways stuff that pi$$e$ me off...

Plus, last NFP was a sell off for only a moment and continuation of the uptrend. We could very well be looking at the same thing.

But really, why speculate?...
Easy to enter, follow and stay in a trade off of one single chart
(5m here) when it so vividly explodes off of an ema compression.
Now is not the time to enter in either direction... you never know
when the separation will end and the ema bubble will collapse.

Just keeping it simple.

Dr. D.
Attached Image
  • #185,324
  • Dec 1, 2009 1:50pm Dec 1, 2009 1:50pm
Quoting fourxtrader
Easy to enter, follow and stay in a trade off of one single chart
(5m here) when it so vividly explodes off of an ema compression.
Now is not the time to enter in either direction... you never know
when the separation will end and the ema bubble will collapse.

Just keeping it simple.

Dr. D.
This close to the end of NY session, taking a position is not really in anybodies favor, but playing against the trend of the day might get ya a couple of bux....I am not saying buy or sell, just saying that the day has been playing well off of the trend lines is all...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,325
  • Dec 1, 2009 1:52pm Dec 1, 2009 1:52pm
hi all, i am generally a watcher on posts here and ty for all sharing their ideas , graphs and etc.
i want to show all people who arent prety pro at this market smthng happened to me today.
Never play against a trend guys really today i lost 600$ just cause i said to my self " aha it is turning back from here".
You will see at picture that playing against trend makes you upset really
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  • #185,326
  • Dec 1, 2009 2:01pm Dec 1, 2009 2:01pm
Quoting letscry
hi all, i am generally a watcher on posts here and ty for all sharing their ideas , graphs and etc.
i want to show all people who arent prety pro at this market smthng happened to me today.
Never play against a trend guys really today i lost 600$ just cause i said to my self " aha it is turning back from here".
You will see at picture that playing against trend makes you upset really
I feel your pain brother. Used to play this way all the time.

Don't feel alone, I don't think anybody here could claim to not have played against the trend for a loss.

Keep studying your charts, see where you went wrong, and make sure ya do your best to not do it again.

An eye on a few different time frames might come in handy, but, thats just how I rolls em.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,327
  • Dec 1, 2009 2:05pm Dec 1, 2009 2:05pm
Quoting Magix
I feel your pain brother. Used to play this way all the time.

Don't feel alone, I don't think anybody here could claim to not have played against the trend for a loss.

Keep studying your charts, see where you went wrong, and make sure ya do your best to not do it again.

An eye on a few different time frames might come in handy, but, thats just how I rolls em.
well ty mate u point the right thing, i was all day at 1 min chart , at the end of day i took a pic of this at 5m and saw my mistake, and actulaly didnt think cable would pass h4 fibo level but it did which was around 1.657xx
  • #185,328
  • Dec 1, 2009 2:08pm Dec 1, 2009 2:08pm
Quoting letscry
well ty mate u point the right thing, i was all day at 1 min chart , at the end of day i took a pic of this at 5m and saw my mistake, and actulaly didnt think cable would pass h4 fibo level but it did which was around 1.657xx
In all honesty, I grab my plays off of the 1m as well, but watch the 5m, 15m and toggle the last between 30m, 1h, 4h. Seeing all sides is very helpfull.

A single perspective can be suicide, especially if you are not sure of the trend.

It's funny, having had the same term repeated to me when came to building, seems to really come into play in trading...with a few substitutions....

I have cut this board 7 times, it is still to short!

I have sold this pair 7 times today, and it is still to long!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,329
  • Dec 1, 2009 2:17pm Dec 1, 2009 2:17pm
this is my chart on H4 gbp/usd. pplease take a look .
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  • #185,330
  • Dec 1, 2009 2:21pm Dec 1, 2009 2:21pm
Quoting Magix
In all honesty, I grab my plays off of the 1m as well, but watch the 5m, 15m and toggle the last between 30m, 1h, 4h. Seeing all sides is very helpfull.

A single perspective can be suicide, especially if you are not sure of the trend.

It's funny, having had the same term repeated to me when came to building, seems to really come into play in trading...with a few substitutions....

I have cut this board 7 times, it is still to short!

I have sold this pair 7 times today, and it is still to long!

totally agree
  • #185,331
  • Dec 1, 2009 2:27pm Dec 1, 2009 2:27pm
Quoting Magix
LOL....

First...I will say again, the Americans do not control top or bottom of this game, they merely try to follow direction and not interrupt things too great.

So,

Second....If we were to see a fall back @ NY close today, London session would still spike back up the chart before re-trending.

Hey, if you wanna sell, be my guest..probably a great scalp op to present in the not to distant future, targeting 1.6580ish.

now this could b a good start of a downhttp://cdn.forexfactory.com/images/icons/icon13.gif
  • #185,332
  • Dec 1, 2009 2:35pm Dec 1, 2009 2:35pm
nice long movements. if it break the second orange res line and form a confirmation candle,I would buy in the red rectangle.dont u think so??????
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There is no randomness. It is just Chaos, a higher form of order.
  • #185,333
  • Dec 1, 2009 2:38pm Dec 1, 2009 2:38pm
Quoting mcfx
now this could b a good start of a downhttp://cdn.forexfactory.com/images/icons/icon13.gif
yeah it seems ... but need to break 1.6600 for start short wave
  • #185,334
  • Dec 1, 2009 2:39pm Dec 1, 2009 2:39pm
Quoting FXAdvice
yeah it seems ... but need to break 1.6600 for start short wave
yes thank you
  • #185,335
  • Dec 1, 2009 2:40pm Dec 1, 2009 2:40pm
Quoting mcfx
now this could b a good start of a downhttp://cdn.forexfactory.com/images/icons/icon13.gif
As New York comes into close at HOD...an expected liquidation of long positions is expected. But seriously...this as the beginning of a trend?

I play a little different, scalp both ways, but still wait for confirmation on any trades.

Wish you all the best.

Still sticking to my guns on the 1.6580ish area on a pull back.

I have actually posted the logic, charts, indicator and template HERE on the speculative plays. Check it out.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,336
  • Dec 1, 2009 2:55pm Dec 1, 2009 2:55pm
Quoting samdani786
Lets go to 6650
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #185,337
  • Dec 1, 2009 3:02pm Dec 1, 2009 3:02pm
for me it's time to sleep now and really hope that my 2 pending positions will reach target instead of SL (which is minimal profit)

good night
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  • #185,338
  • Dec 1, 2009 3:04pm Dec 1, 2009 3:04pm
Quoting letscry
totally agree
I prefer a single perspective, there is less confusion its more absolute and it's no more right / wrong than a multi faceted approach infact its likely right more often, but it's only a 50/50 game after all!!

That and I'm lazy!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #185,339
  • Dec 1, 2009 3:08pm Dec 1, 2009 3:08pm
Quoting Magix
As New York comes into close at HOD...an expected liquidation of long positions is expected. But seriously...this as the beginning of a trend?

I play a little different, scalp both ways, but still wait for confirmation on any trades.

Wish you all the best.

Still sticking to my guns on the 1.6580ish area on a pull back.

I have actually posted the logic, charts, indicator and template HERE on the speculative plays. Check it out.
Here's the basic Idea....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,340
  • Dec 1, 2009 3:09pm Dec 1, 2009 3:09pm
Quoting Turveyd
I prefer a single perspective, there is less confusion its more absolute and it's no more right / wrong than a multi faceted approach infact its likely right more often, but it's only a 50/50 game after all!!

That and I'm lazy!!
yeah in the end it is game right with %50 chance

btwn 1.6615 holding strong hope it breaks down.
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