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Cable Update (GBPUSD)

  • #190,021
  • Dec 30, 2009 7:06am Dec 30, 2009 7:06am
Quoting Geppyg
1.5837
Here we are Added my longs at exactly
1.5837

So Now I am in to long positions: 1.5837 and 1.5845
My Stop is 1.5700 Take Profit is open but first target is 1.5920

Good Luck no more positions for me
I have now Moved my Stops to Break Even ....

Current Pips in profit +52
Time to sit back and relax and enjoy the rain....
Let Price determine your future!
  • #190,022
  • Dec 30, 2009 7:10am Dec 30, 2009 7:10am
Quoting proz
Welcome back my lovely bulls....
Move you stop to break even....Mate.
Protect you account...
Let Price determine your future!
  • #190,023
  • Dec 30, 2009 7:10am Dec 30, 2009 7:10am
Quoting Baby-Trader
look at the volume at H1 and you will know the truth.
Can you elaborate a bit? Tell us what you are seeing in terms of volume on h1....
Just focus on the pips. The rest is insignificant.
  • #190,024
  • Dec 30, 2009 7:13am Dec 30, 2009 7:13am
Quoting Baby-Trader
look at the volume at H1 and you will know the truth.
Dear..
I said mommentum is bearish and you said that the mom is bullish
...nothing about volume..
Let Price determine your future!
  • #190,025
  • Dec 30, 2009 7:13am Dec 30, 2009 7:13am
I am off now for the day.

Have a great day
Let Price determine your future!
  • #190,026
  • Dec 30, 2009 7:16am Dec 30, 2009 7:16am
Reaction at the 24SMA on the 15m chart. Why I see this as a crucial place to take trades from.

Failure here better hope the 24SMA on the 5 holds, or crashing down she comes.
Attached Image (click to enlarge)
Click to Enlarge Name: 24p.GIF Size: 70 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #190,027
  • Dec 30, 2009 7:18am Dec 30, 2009 7:18am
Quoting Geppyg
Just on a quick note...

First of all Baby-Trader Pointed out bullish mommentum this is not true the mommentum is still bearish on 4H 8H and 12H but the 1H and 2H it has started to point upwards.

Good Luck
GeppyG
you enterd your trade @1.5835 with 13 pips from daily support1 @1.5822.
and your SL @1.57 which is 135 pip.
and your TP @1.5920 which is 85 pip.
so your R:R is ?:?
ok this is your trading style.

when I entered my trade yesterday @1.5870 I enterd it as a long term trade with minimum target 700 pip. maybe 2 to 3 weeks from now.(study cable history)
My SL is placed @ 1.56 which means 270 pip to lose.
so R:R at least is @ 1 : 2.5.
any way this risk is less than 2% of my account.
  • #190,028
  • Dec 30, 2009 7:19am Dec 30, 2009 7:19am
Support to resistance play on the 5m to the 15m....

heh


Coin toss time!
Attached Image (click to enlarge)
Click to Enlarge Name: 24p2.GIF Size: 70 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #190,029
  • Dec 30, 2009 7:21am Dec 30, 2009 7:21am
Quoting Geppyg
If I dont have a reason to why I have taken a trade shoot me lol
you must be a pro.
  • #190,030
  • Dec 30, 2009 7:35am Dec 30, 2009 7:35am
long at 1.5844 tp 1.5940
  • #190,031
  • Dec 30, 2009 7:37am Dec 30, 2009 7:37am
Quoting Geppyg
Dear..
I said mommentum is bearish and you said that the mom is bullish
...nothing about volume..
what do you say now? Momentum is Bullish or Bearish?
  • #190,032
  • Dec 30, 2009 7:37am Dec 30, 2009 7:37am
Resistance now becomes support.
Attached Image (click to enlarge)
Click to Enlarge Name: sup.GIF Size: 71 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #190,033
  • Dec 30, 2009 7:41am Dec 30, 2009 7:41am
Quoting Baby-Trader
what do you say now? Momentum is Bullish or Bearish?
what ar you on about stop polluting the forum...with your crap read my posts ....

A new addition to my ignore list..

I said overall mommentum is bearish and 1h and 2h is turning bullish..are you blind
Let Price determine your future!
  • #190,034
  • Dec 30, 2009 7:42am Dec 30, 2009 7:42am
Quoting Geppyg
Just on a quick note...

First of all Baby-Trader Pointed out bullish mommentum this is not true the mommentum is still bearish on 4H 8H and 12H but the 1H and 2H it has started to point upwards.

I have traded purely based on the 1.5825 Support and not gone long at any other positions as I agree with the bears that why would you go long in such a short trend.I tride price action and a bit of volume

As many of you know if I do take a trade I wait patiently for the extremes but today I could see how quickly the drop was...
No wonder........
Let Price determine your future!
  • #190,035
  • Dec 30, 2009 7:49am Dec 30, 2009 7:49am
Currently at hourly resistance...

Continuation and carry over of bull position if we hold support on the hour next resistance circled in red.

Failure to close goes back to support to the 30m, 15m, 5m.
Attached Image (click to enlarge)
Click to Enlarge Name: next.GIF Size: 70 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #190,036
  • Dec 30, 2009 7:49am Dec 30, 2009 7:49am
Quoting Geppyg
what ar you on about stop polluting the forum...with your crap read my posts ....

A new addition to my ignore list..

I said overall mommentum is bearish and 1h and 2h is turning bullish..are you blind
no no no sir, please don't
  • #190,037
  • Dec 30, 2009 7:51am Dec 30, 2009 7:51am
Quoting Magix
Currently at hourly resistance...

Continuation and carry over of bull position if we hold support on the hour next resistance circled in red.

Failure to close goes back to support to the 30m, 15m, 5m.
seems like it doesnt want to get throught..
Pation is the Holy Grail
  • #190,038
  • Dec 30, 2009 7:52am Dec 30, 2009 7:52am
Good morning to all my view is still bearish however if sellers don't come in at 5950 then i will adjust my views simple

good luck to all
Trade less make more!
  • #190,039
  • Dec 30, 2009 7:56am Dec 30, 2009 7:56am
Quoting CzechTrade
seems like it doesnt want to get throught..
For each of the different resistance ranges, price typically waits until the final seconds of the time frame to make decision.

Make or break times.

I watch them like a hawk.

For these, I also use the MACD and OSMA indicators for support, but typically will exit the play and re-enter when we retrace and close above or below support on the 1m chart.

The charts are for helping new traders understand why price stalls at certain points on the charts...true support/resistance ranges.

Another thing to keep in mind...NY open...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #190,040
  • Dec 30, 2009 7:59am Dec 30, 2009 7:59am
any one whats the view on gold and comodities today any idea.
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