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Cable Update (GBPUSD)

  • #191,141
  • Jan 7, 2010 1:17am Jan 7, 2010 1:17am
Color me the sucker for a second chance....

2 closed here, holding one @ 1.5969.

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #191,142
  • Jan 7, 2010 1:18am Jan 7, 2010 1:18am
Quoting Magix
It was a shameful play on my part...shoulda just taken the money n run.

Always another play in the making...
I got in on that spike down for a long. Have moving SL set at +10 pips atm.
  • #191,143
  • Jan 7, 2010 1:19am Jan 7, 2010 1:19am
Quoting Ctic
I got in on that spike down for a long. Have moving SL set at +10 pips atm.
Nice...I closed out 31 and holding the last for s/l 1.5920 and will watch for a while if I see green again.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #191,144
  • Jan 7, 2010 1:22am Jan 7, 2010 1:22am
Quoting Magix
Nice...I closed out 31 and holding the last for s/l 1.5920 and will watch for a while if I see green again.
It bounced off my 4H 138.2 fib so w/ 3 hours left hopefully this will rise to the top. If not, well, that is what the moving SL is for.
  • #191,145
  • Jan 7, 2010 1:24am Jan 7, 2010 1:24am
when the cable break he line may be after the NFP
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  • #191,146
  • Jan 7, 2010 1:25am Jan 7, 2010 1:25am
Quoting Ctic
It bounced off my 4H 138.2 fib so w/ 3 hours left hopefully this will rise to the top. If not, well, that is what the moving SL is for.
I am not much on counter trends...so am really not sure why I am playing longs.

With these last 2 plays I am +380 on the day...if I have one that trips red...I will still sleep well tonight.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #191,147
  • Jan 7, 2010 1:31am Jan 7, 2010 1:31am
Huge spike with Divergence on the M15 correlating with M5 Divergence. Am long off both charts.

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"Keep your eyes on the helpers" - Mr. Rogers
  • #191,148
  • Jan 7, 2010 1:32am Jan 7, 2010 1:32am
Quoting Magix
I am not much on counter trends...so am really not sure why I am playing longs.

With these last 2 plays I am +380 on the day...if I have one that trips red...I will still sleep well tonight.
hey magix

u are the man playing longs u are good at it
  • #191,149
  • Jan 7, 2010 1:35am Jan 7, 2010 1:35am
Quoting kill56
hey magix

u are the man playing longs u are good at it
I been mostly short this week...been around for more of the downside action, this just seemed like a possibility...

Even a blind squirrel finds an acorn once in a while.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #191,150
  • Jan 7, 2010 1:36am Jan 7, 2010 1:36am
Quoting Magix
I am not much on counter trends...so am really not sure why I am playing longs.

With these last 2 plays I am +380 on the day...if I have one that trips red...I will still sleep well tonight.
I like the counter trends for the smaller tf's But I typically do not like going against the longer term trend. Many of my smaller tf trades I put real tight moving stops on. However, a countertrend on a smaller tf for the direction of the longer tf means that you maximize every pip possible.
  • #191,151
  • Jan 7, 2010 1:37am Jan 7, 2010 1:37am
Quoting Magix
I am not much on counter trends...so am really not sure why I am playing longs.

With these last 2 plays I am +380 on the day...if I have one that trips red...I will still sleep well tonight.
You are doing much better than me, I am only up 36 pips for the day, of course I just started trading about 1 hour ago.
  • #191,152
  • Jan 7, 2010 1:46am Jan 7, 2010 1:46am
Quoting Ctic
You are doing much better than me, I am only up 36 pips for the day, of course I just started trading about 1 hour ago.
Betcha I can lose my 380 faster then you can lose 36...

Buwahahahaha
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #191,153
  • Jan 7, 2010 1:59am Jan 7, 2010 1:59am
Quoting Magix
Betcha I can lose my 380 faster then you can lose 36...

Buwahahahaha
I don't know, I just got back in for long at 1.59366. Positive already, but have sl set to +2 pips.
  • #191,154
  • Jan 7, 2010 1:59am Jan 7, 2010 1:59am
seem`s like big guy`s play.... almost hit my sl....
  • #191,155
  • Jan 7, 2010 2:07am Jan 7, 2010 2:07am
Quoting Ctic
I don't know, I just got back in for long at 1.59366. Positive already, but have sl set to +2 pips.
Check out the daily lows on the hourly...

If pattern is the same...we could have seen the bottom.

Blue Lines.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #191,156
  • Jan 7, 2010 2:10am Jan 7, 2010 2:10am
Quoting Magix
Check out the daily lows on the hourly...

If pattern is the same...we could have seen the bottom.

Blue Lines.
Almost to the pip..
  • #191,157
  • Jan 7, 2010 2:12am Jan 7, 2010 2:12am
Quoting Ctic
Almost to the pip..
It has to be a bull trap.

Or a gartley, or a butterfly, or something....

I haven't seen anybody post the words head and shoulders in a few days...surely on some time frame one of them should show up....

buwahahahahah
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #191,158
  • Jan 7, 2010 2:16am Jan 7, 2010 2:16am
Quoting Magix
It has to be a bull trap.

Or a gartley, or a butterfly, or something....

I haven't seen anybody post the words head and shoulders in a few days...surely on some time frame one of them should show up....

buwahahahahah

Head and Shoulders. There now you saw it. lol
  • #191,159
  • Jan 7, 2010 2:17am Jan 7, 2010 2:17am
Quoting Magix
Check out the daily lows on the hourly...

If pattern is the same...we could have seen the bottom.

Blue Lines.
Was my thinking early, except it went down for a double dip. Barely got out with my life.
"Keep your eyes on the helpers" - Mr. Rogers
  • #191,160
  • Jan 7, 2010 2:19am Jan 7, 2010 2:19am
how about the triple attemp to break throgh the 6060 level ?
looks like next to break is the winner 6060 resistance and 5936 support

Quoting Magix
Check out the daily lows on the hourly...

If pattern is the same...we could have seen the bottom.

Blue Lines.
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