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Cable Update (GBPUSD)

  • #208,141
  • Mar 19, 2010 11:34am Mar 19, 2010 11:34am
closed my scalp for small profit as I realise you are right. Lost 8 pips earlier on a scalp and 12 before that this morning. Although I also made a few, it aint worth it...
@pawpaw1000 on Twitter
  • #208,142
  • Mar 19, 2010 11:34am Mar 19, 2010 11:34am
[quote=cloggie;3568310]Why scalp for a few pips with a low R/R when you can find 2-3 break outs a day for 200-300 pips?

You want to scalp because you feel weird not having a trade on the book?

Don't let me stop you, this one is not going to reach 24[/quote

wise man
  • #208,143
  • Mar 19, 2010 11:36am Mar 19, 2010 11:36am
Quoting pawpaw1000
closed my scalp for small profit as I realise you are right. Lost 8 pips earlier on a scalp and 12 before that this morning. Although I also made a few, it aint worth it...

Told you it would not reach 115, lousy setup for a scalp!! If you get a test of the lower range in a breakout like that it tends to reverse to the middle of the range before trying again, Cable is like a little child if you tell it not to do something it will try it at least once more.
  • #208,144
  • Mar 19, 2010 11:36am Mar 19, 2010 11:36am
[quote=solrac;3568342]
Quoting cloggie
Why scalp for a few pips with a low R/R when you can find 2-3 break outs a day for 200-300 pips?

You want to scalp because you feel weird not having a trade on the book?

Don't let me stop you, this one is not going to reach 24[/quote

wise man
yeah!

looks like we gonna test support again...
@pawpaw1000 on Twitter
  • #208,145
  • Mar 19, 2010 11:36am Mar 19, 2010 11:36am
Quoting wormboy
I do not use indicators. froggy i just use macd to spot divergence that's it.
I have to apologise in advance, I don't teach. I discuss trade opportunities at my thread if you're interested.

I have posted this a few times for the new guys. I personally rate these traders. Please take your time to read their stuff.

Wayne Jackson
1. http://www.forexfactory.com/showthread.php?t=27286

Fti
1. http://www.forexfactory.com/showthread.php?t=57639


Good luck
  • #208,146
  • Mar 19, 2010 11:40am Mar 19, 2010 11:40am
if we break, where we going as 75 is right there...
@pawpaw1000 on Twitter
  • #208,147
  • Mar 19, 2010 11:41am Mar 19, 2010 11:41am
Quoting pawpaw1000
if we break, where we going as 75 is right there...

IF we break 4976, 4944 and 4871 are important
  • #208,148
  • Mar 19, 2010 11:42am Mar 19, 2010 11:42am
Quoting pawpaw1000
if we break, where we going as 75 is right there...
It seems it is not even trying????
Maybe it is too early,,,, Maybe 15000 is too much of a round number/support?????
  • #208,149
  • Mar 19, 2010 11:42am Mar 19, 2010 11:42am
Quoting cloggie
IF we break 4976 and 4871 are important
yeah, but what i'm saying, we should wait for 76 to break before entering, not 94?
@pawpaw1000 on Twitter
  • #208,150
  • Mar 19, 2010 11:43am Mar 19, 2010 11:43am
Quoting pawpaw1000
yeah, but what i'm saying, we should wait for 76 to break before entering, not 94?
4988 is now the lower end of the range. Break out ranges can move down a few pips at a time caused by false break out creating new levels of support.
  • #208,151
  • Mar 19, 2010 11:43am Mar 19, 2010 11:43am
Quoting pawpaw1000
yeah bbakker!

was just for one quick scalp

made a nice 12 pips on it and it was in direction of trend

how u do today and what you thinking for rest of today?
Closed all my positions apart from one short... just in case. It has been a pucka day! Don't like leaving anything open over the weekend, but I have had an excellent 30 days. Not quite month end yet, but this could be my first month of serious profit. Cable has been nice to me
  • #208,152
  • Mar 19, 2010 11:44am Mar 19, 2010 11:44am
Quoting solrac
It seems it is not even trying????
Maybe it is too early,,,, Maybe 15000 is too much of a round number/support?????
well, theres alot of support between 5000 and 76 i would suspect so its gonna take quite alot. Dunno if ny has it in them...

will see. Looking maybe upwards? or range?
@pawpaw1000 on Twitter
  • #208,153
  • Mar 19, 2010 11:44am Mar 19, 2010 11:44am
3 times we touch the 100 expansion of fibo (on H1) = 1.5001.
can we deducted something? or still have to wait

on the other side on m30, m15,m5,m1 stoch is low and want only to go up then look like the bearish is finished.

what do you thinks?
  • #208,154
  • Mar 19, 2010 11:45am Mar 19, 2010 11:45am
Quoting pawpaw1000
well, theres alot of support between 5000 and 76 i would suspect so its gonna take quite alot. Dunno if ny has it in them...

will see. Looking maybe upwards? or range?
we have broken 4h ltl though...
@pawpaw1000 on Twitter
  • #208,155
  • Mar 19, 2010 11:47am Mar 19, 2010 11:47am
Quoting FroggyPipes
3 times we touch the 100 expansion of fibo (on H1) = 1.5001.
can we deducted something? or still have to wait

on the other side on m30, m15,m5,m1 stoch is low and want only to go up then look like the bearish is finished.

what do you thinks?
je crois peut etre met cet temp pour plus le cafe!!!
@pawpaw1000 on Twitter
  • #208,156
  • Mar 19, 2010 11:53am Mar 19, 2010 11:53am
Quoting pawpaw1000
we have broken 4h ltl though...

But we are still ranging, the range has gotten a bit wider now formed by 4988 and possibly 5027
  • #208,157
  • Mar 19, 2010 11:53am Mar 19, 2010 11:53am
Quoting pawpaw1000
je crois peut etre met cet temp pour plus le cafe!!!
All my m aveg are flat .. stoch looks funny ,,, we are at 100 retracement from 16 march and 15000 is proving to be like a good tennis player ,,, the ball always come back !!!! Now is when we need advise for Senior memebers!!!!

Please feel free to comment!!!
  • #208,158
  • Mar 19, 2010 11:53am Mar 19, 2010 11:53am
got tired of scalping. taken 41 trades so far today each for a 5 pip take profit. lost 3 trades for 10 pips stoploss each. just took a buy position @ 1.5000. sl at 1.4980 1st t.p 1.5200/ 2nd t.p 1.5400 good luck to everyone. green pips
SCARED MONEY NEVER DOES GOOD IN FOREX
  • #208,159
  • Mar 19, 2010 11:54am Mar 19, 2010 11:54am
Quoting solrac
All my m aveg are flat .. stoch looks funny ,,, we are at 100 retracement from 16 march and 15000 is proving to be like a good tennis player ,,, the ball always come back !!!! Now is when we need advise for Senior memebers!!!!

Please feel free to comment!!!

My advise? Youtube.

Just go back to the first of the month and look how the PA interacted around 1.5 we have been dancing around it since 1 March
  • #208,160
  • Mar 19, 2010 11:54am Mar 19, 2010 11:54am
Quoting pawpaw1000
je crois peut etre met cet temp pour plus le cafe!!!
oui je crois qu'il est temps de faire un break et de prendre un bon café .
cela se consolide pour aller? wait and see
pas mal ton français, BRAVO
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