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Cable Update (GBPUSD)

  • #205,441
  • Mar 12, 2010 4:55am Mar 12, 2010 4:55am
Quoting Ctic
I hear you bro, I am usually the same way.. I can't believe the day I am having...406 total pips. Best day I have had all year... Makes up for that last week in February where I didn't do so well. lol. Friday is crazy but I love it...BTW 8 pips w/in each other is considered a hit in my book.
Wow. I don't think I've ever made 400 pips in 1 day. I tip my hat to you sir. Truly a great job!
  • #205,442
  • Mar 12, 2010 4:56am Mar 12, 2010 4:56am
now i will be carefull with longs if we open h1 below 15140
  • #205,443
  • Mar 12, 2010 4:56am Mar 12, 2010 4:56am
Quoting TauTrader
Good day to you all,

http://www.forexfactory.com/showpost...stcount=205181

I will be closing both longs now. Not to say I will not enter again, but likely time for PA to take a breather.... will see what comes up later and will enter accordingly.

Wish you all success

Regards
Tau...

That is a great plan. I do believe we will move even higher but may take a bounce back down. I have posted several charts explaining the method to my madness here.

C.
  • #205,444
  • Mar 12, 2010 4:57am Mar 12, 2010 4:57am
Quoting TauTrader
Good day to you all,

http://www.forexfactory.com/showpost...stcount=205181

I will be closing both longs now. Not to say I will not enter again, but likely time for PA to take a breather.... will see what comes up later and will enter accordingly.

Wish you all success

Regards
Ching, ching. Nice play. I will get there some day.
  • #205,445
  • Mar 12, 2010 4:58am Mar 12, 2010 4:58am
well, you were right, got stopped out!
@pawpaw1000 on Twitter
  • #205,446
  • Mar 12, 2010 4:58am Mar 12, 2010 4:58am
Hi,

i m new here, trying to learn

Will be a bounce on R3 ?
will see
  • #205,447
  • Mar 12, 2010 4:59am Mar 12, 2010 4:59am
Quoting bbakker
Was that the outer mongolian ruble and the artican krona. Damn hard to get those charts
I think it was the Swalii Tribe shells vs.. the Eskimo ice dollar...lol

Who new it was going to be a warm summer and the Eskimo ice dollar's would melt. I knew I should of shorted the ice dollar. LOL.
  • #205,448
  • Mar 12, 2010 5:01am Mar 12, 2010 5:01am
Quoting TauTrader
Good day to you all,

http://www.forexfactory.com/showpost...stcount=205181

I will be closing both longs now. Not to say I will not enter again, but likely time for PA to take a breather.... will see what comes up later and will enter accordingly.

Wish you all success

Regards
HI TauTrader
Is there any chance i can have ur tau cycle indicator?
  • #205,449
  • Mar 12, 2010 5:06am Mar 12, 2010 5:06am
where are we looking pull back to go to? 1.5100 support? Seems a bit close to me, maybe more? But i guess if the momentum is really that strong, 1.5100 will be far enough...
@pawpaw1000 on Twitter
  • #205,450
  • Mar 12, 2010 5:09am Mar 12, 2010 5:09am
Quoting pawpaw1000
where are we looking pull back to go to? 1.5100 support? Seems a bit close to me, maybe more? But i guess if the momentum is really that strong, 1.5100 will be far enough...
That is the most likely target, but may not make it. I fell it will and that is where I will look to go long again.
  • #205,451
  • Mar 12, 2010 5:09am Mar 12, 2010 5:09am
Quoting pawpaw1000
where are we looking pull back to go to? 1.5100 support? Seems a bit close to me, maybe more? But i guess if the momentum is really that strong, 1.5100 will be far enough...
I normally would think about 1.5000 but this market hasn't been doing deep retracements as of late so only time will tell. I'm gonna watch it cautiously.
  • #205,452
  • Mar 12, 2010 5:09am Mar 12, 2010 5:09am
Quoting pawpaw1000
well, you were right, got stopped out!

man my advice to u take it easy 1 position an hour is good watch the rang and then enter up or down unless u are u are a great scalper the do it
  • #205,453
  • Mar 12, 2010 5:11am Mar 12, 2010 5:11am
Quoting JRoyal
I normally would think about 1.5000 but this market hasn't been doing deep retracements as of late so only time will tell. I'm gonna watch it cautiously.
JR,

The 1.51 is roughly the 38.2 to 50 fib on the previous 4H candle. Thus that is a good spot to continue moving upward.
  • #205,454
  • Mar 12, 2010 5:11am Mar 12, 2010 5:11am
Quoting pawpaw1000
where are we looking pull back to go to? 1.5100 support? Seems a bit close to me, maybe more? But i guess if the momentum is really that strong, 1.5100 will be far enough...
Daily fib says (give or take a few pips as I still haven't changed by charting software from the crappy IG Index tool) -

61.8% @ 15082
50% @ 15099
38.2% @ 15116
23.6% @ 15137 <- It has reached this already.
  • #205,455
  • Mar 12, 2010 5:13am Mar 12, 2010 5:13am
Quoting kill56
man my advice to u take it easy 1 position an hour is good watch the rang and then enter up or down unless u are u are a great scalper the do it
far from it, still a newbie! but trading live was the best decision I've ever made, learn alot more than simulated!

Will take it easy now...

loving this thread
@pawpaw1000 on Twitter
  • #205,456
  • Mar 12, 2010 5:15am Mar 12, 2010 5:15am
by the way we have important news from the US @13.30gmt
  • #205,457
  • Mar 12, 2010 5:15am Mar 12, 2010 5:15am
i m a newbie too, just 2 weeks ...

and i want to learn fast so i trade live too !!!

don't care to lose some $ for the lessons
  • #205,458
  • Mar 12, 2010 5:17am Mar 12, 2010 5:17am
Quoting JRoyal
Wow. I don't think I've ever made 400 pips in 1 day. I tip my hat to you sir. Truly a great job!
TY JR...

You know how Forex goes though..ups and downs...Fortunately I have way more ups than downs. This was just an exceptional one. I am flat on all positions. 411 total for the day, probably can get more but I am tired so no trade...
  • #205,459
  • Mar 12, 2010 5:17am Mar 12, 2010 5:17am
Quoting Ctic
JR,

The 1.51 is roughly the 38.2 to 50 fib on the previous 4H candle. Thus that is a good spot to continue moving upward.
That seems to be the way things have been going. I trade a 15m chart so wherever I find real support then I'm in but I think you might be right. Funny market right now. Also looking at the EURUSD makes me very even stronger that your prob a little bit more on target than me.
  • #205,460
  • Mar 12, 2010 5:17am Mar 12, 2010 5:17am
Quoting kill56
man my advice to u take it easy 1 position an hour is good watch the rang and then enter up or down unless u are u are a great scalper the do it
Also by keeping a log of every trade that includes your emotional state, place of execution, reasons for open and reasons for close, you will plan your trades much better, reduce the number of total positions and hopefully increase the number of profitable positions. It is also a pain in the backside to update the spreadsheet if you are doing too many trades. At the weekend go back through the week's trading, to see where you went right and where you went wrong. It is a great eye-opener. If you don't log your trades in a spreadsheet, I suggest you start ASAP.
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