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Cable Update (GBPUSD)

  • #205,221
  • Mar 11, 2010 9:10am Mar 11, 2010 9:10am
I think I'm right
@pawpaw1000 on Twitter
  • #205,222
  • Mar 11, 2010 9:17am Mar 11, 2010 9:17am
Quoting pawpaw1000
well, I'm new here and it seems like the place to be. Started live on monday. Up 5% but in a bit of a tight spot. Went short at 1.50372 and it seems like a double top to me after a long rally?

If I'm right, can make alot of cash!!! if not, will break even for the week....
A double top on the 15 min chart would be confirmed IF it breaks the 15028 support line... we ain't there yet, but time will tell.

What is your risk/reward ratio?
  • #205,223
  • Mar 11, 2010 9:21am Mar 11, 2010 9:21am
Quoting bbakker
A double top on the 15 min chart would be confirmed IF it breaks the 15028 support line... we ain't there yet, but time will tell.
I watch the 5 min chart but yes, think its the same one

I'm hoping, but think I will exit as soon as I am in profit as Got in for other reason and it has dissapated now

will watch the double head and short below 1.4992...
@pawpaw1000 on Twitter
  • #205,224
  • Mar 11, 2010 9:22am Mar 11, 2010 9:22am
Good day to you,

Locked in @ 1.5000.

Will wait for exit signal or hold to see where we go..entries @ 1.4927 and 1.4936. Come on BORAT - sexy times!
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  • #205,225
  • Mar 11, 2010 9:23am Mar 11, 2010 9:23am
volume aint bad at this time of evening. Thought it would really taper off after 4pm gmt but seems not???
@pawpaw1000 on Twitter
  • #205,226
  • Mar 11, 2010 9:24am Mar 11, 2010 9:24am
Quoting TauTrader
Good day to you,

Locked in @ 1.5000.

Will wait for exit signal or hold to see where we go..entries @ 1.4927 and 1.4936. Come on BORAT - sexy times!
youre long at 1.5000? mmm... Wish I'd donr that but be careful of possible double top?
@pawpaw1000 on Twitter
  • #205,227
  • Mar 11, 2010 9:26am Mar 11, 2010 9:26am
Quoting TauTrader
Good day to you,

Locked in @ 1.5000.

Will wait for exit signal or hold to see where we go..entries @ 1.4927 and 1.4936. Come on BORAT - sexy times!
I am bloody blind now after reading your post and I still have to drive home in 30 mins time, God help me!
  • #205,228
  • Mar 11, 2010 9:27am Mar 11, 2010 9:27am
hi all

london is close no highs no lows .

the trend still in tact dow is down dixy is holding we might see a new low if not at least we will kiss near the old one
  • #205,229
  • Mar 11, 2010 9:27am Mar 11, 2010 9:27am
Quoting pawpaw1000
youre long at 1.5000? mmm... Wish I'd donr that but be careful of possible double top?
Good day to you,

Appreciate your concern. No - locked @ 1.5000 - long since long...

Wish you success

Regards
  • #205,230
  • Mar 11, 2010 9:29am Mar 11, 2010 9:29am
Quoting TauTrader
Good day to you,

Locked in @ 1.5000.

Will wait for exit signal or hold to see where we go..entries @ 1.4927 and 1.4936. Come on BORAT - sexy times!

tau welcome back to u home still working on the cycle
  • #205,231
  • Mar 11, 2010 9:31am Mar 11, 2010 9:31am
aah, great, sorry... need to get the lingo down ;-)

I agree that the bulls are done and think we will be going lower once more, maybe not as far as last time? Not sure, far from expert

Putting in sell at 1.4985 with sl at 1.5050...

Hoping once it breaks 1.5000 and goes below 1.4992 itll really GO!!!!
@pawpaw1000 on Twitter
  • #205,232
  • Mar 11, 2010 9:34am Mar 11, 2010 9:34am
Quoting kill56
tau welcome back to u home still working on the cycle
Good day to you,

Yip, my friend - still working on the cycle... pretty tired by now... but still cycling - gotta get a tandem..hehe

I wish you all that is good. Thank you for your interest.

Warm regards
  • #205,233
  • Mar 11, 2010 9:36am Mar 11, 2010 9:36am
Quoting pawpaw1000
I watch the 5 min chart but yes, think its the same one

I'm hoping, but think I will exit as soon as I am in profit as Got in for other reason and it has dissapated now

will watch the double head and short below 1.4992...
You're right. The double-headed top would be confirmed once it has broken the 1.4992 support line, not the 1.5028 support line.

I am not really doing chart patterns or candlestick formations. Just sticking to S/R and trends. I want to master the basics first and try to keep it KISS.
  • #205,234
  • Mar 11, 2010 9:47am Mar 11, 2010 9:47am
Quoting pawpaw1000
aah, great, sorry... need to get the lingo down ;-)

I agree that the bulls are done and think we will be going lower once more, maybe not as far as last time? Not sure, far from expert

Putting in sell at 1.4985 with sl at 1.5050...

Hoping once it breaks 1.5000 and goes below 1.4992 itll really GO!!!!
Like life, it has it's up and downs. I have been doing cable for a month now and that is the only pair I trade. Like you, those were my thoughts when I first started trading cable and Sterling sunk like a stone and I made a few $, but be wary of the retrace. Look at the different timeframes and each will tell you a different picture. What platform are you using to trade?

Sheeeeet, 15 mins to go and I still need to publish my work on the company Knowledge Base....
  • #205,235
  • Mar 11, 2010 9:49am Mar 11, 2010 9:49am
Quoting bbakker
Like life, it has it's up and downs. I have been doing cable for a month now and that is the only pair I trade. Like you, those were my thoughts when I first started trading cable and Sterling sunk like a stone and I made a few $, but be wary of the retrace. Look at the different timeframes and each will tell you a different picture. What platform are you using to trade?

Sheeeeet, 15 mins to go and I still need to publish my work on the company Knowledge Base....
use fxcm mt4 for my charting and place trades through fxcm micro account. I'll be happy to stay profitable while learning! learnt alot about s/r today, more than 3 months simulated trading!!!
@pawpaw1000 on Twitter
  • #205,236
  • Mar 11, 2010 9:55am Mar 11, 2010 9:55am
Quoting bbakker

Sheeeeet, 15 mins to go and I still need to publish my work on the company Knowledge Base....
Good day to you,

If you hold your fellow workers in high regard - you have run out of time... If you think they do not have much to contribute.... see you back in 5..

A company is a stange thing... you love it to bits, but you are never loved back..

See soon - good night Seattle, Siberia, Seoul, Swakopmund, Simonstown, Stockholm, Sidney.

See you tomorrow
  • #205,237
  • Mar 11, 2010 9:59am Mar 11, 2010 9:59am
Quoting pawpaw1000
use fxcm mt4 for my charting and place trades through fxcm micro account. I'll be happy to stay profitable while learning! learnt alot about s/r today, more than 3 months simulated trading!!!
Ta

Which French Rugby team do you play for and will France win the 6 nations? I think Italy might turn you over at the Stade Flamingo and take your Grand Slam
  • #205,238
  • Mar 11, 2010 10:12am Mar 11, 2010 10:12am
Quoting TauTrader
Good day to you,

If you hold your fellow workers in high regard - you have run out of time... If you think they do not have much to contribute.... see you back in 5..

A company is a stange thing... you love it to bits, but you are never loved back..

See soon - good night Seattle, Siberia, Seoul, Swakopmund, Simonstown, Stockholm, Sidney.

See you tomorrow
I'm back!

Account has problem, reproduce the defect, then document it for Knowledge Base and Engineering to fix, deliver fix to account. Simples! I can do it blindfolded these days

I love my wife and my children, but I don't love this company... it just pays for the roof over my head and the bills.

I thought the company didn't love me, but they gave me a nice bonus yesterday when the big cheese was over from head office for my outstanding work last year, so it has been confirmed. The company loves me to bits, but I never loved it back
  • #205,239
  • Mar 11, 2010 10:14am Mar 11, 2010 10:14am
The bell has rung and it is time to go home. I might pop in here before I go to the snooker club. If not, enjoy the rest of your day and GL with your trades.
  • #205,240
  • Mar 11, 2010 10:23am Mar 11, 2010 10:23am
Face both Win and Lose bravely
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