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Cable Update (GBPUSD)

  • #213,441
  • Apr 6, 2010 11:12am Apr 6, 2010 11:12am
Tested 200ema on 15 min chart and bounced at 152.37.... short at 152.35 should be good for 25+, sl 152.50 just above 61.8% (152.45) retracement of todays high....
  • #213,442
  • Apr 6, 2010 11:19am Apr 6, 2010 11:19am
From the charts displayed below the correction seems to be in a 5,3,5 (a,b,c) wave pattern the present upside move should top out at around 1.5273 before futher decline for 1.4922..

Strategy sell limit Price: 1.5273 stoploss: 1.532 target:1.4922
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 18 KB
  • #213,443
  • Apr 6, 2010 11:25am Apr 6, 2010 11:25am
Quoting fendi
what happened in here, i told you all no body know's it all, but ability to make more GREEN'S than RED is FX
The understatement of the year!

If you want to save your charts in MT4, go to File -> Save as image. Not exactly rocketscience!
  • #213,444
  • Apr 6, 2010 11:30am Apr 6, 2010 11:30am
Quoting bbakker
The understatement of the year!

If you want to save your charts in MT4, go to File -> Save as image. Not exactly rocketscience!
Or right click on the chart, choose save as Picture...then select 'active chart 800 x 600'
******************* I'd rather make money than be right.
  • #213,445
  • Apr 6, 2010 11:34am Apr 6, 2010 11:34am
Quoting 4xStar
Or right click on the chart, choose save as Picture...then select 'active chart 800 x 600'
So Fendi, there you have it!

No excuses next time for not posting your charts (unless the dog ate it )
  • #213,446
  • Apr 6, 2010 11:37am Apr 6, 2010 11:37am
ok room lets play

what is the best stop loss for the crazy cable is it

20p 30p 40p 50p 60p or 100p or better use res and sup for it or fib lines or MA's
  • #213,447
  • Apr 6, 2010 11:41am Apr 6, 2010 11:41am
Men this thing is going down but I want it to get to 61% Fib before it resumes. I am stucked, it just started going down again at 50%. Well anybody still waiting for this level?

The downtrend is going down. A big profit for traders. Keep trading, keep following your rules. Still want to read from somebody.
  • #213,448
  • Apr 6, 2010 11:45am Apr 6, 2010 11:45am
Quoting kill56
ok room lets play

what is the best stop loss for the crazy cable is it

20p 30p 40p 50p 60p or 100p or better use res and sup for it or fib lines or MA's
s/r mate, no question... If you got more than 50 pips to the closest s/r then its a crappy trade...

Just a noob thought

still wish I'd listened to cloggs and cashed in at the bottom!

reckon fomc notes gonna do something??
@pawpaw1000 on Twitter
  • #213,449
  • Apr 6, 2010 11:51am Apr 6, 2010 11:51am
Quoting pawpaw1000
s/r mate, no question... If you got more than 50 pips to the closest s/r then its a crappy trade...

Just a noob thought

still wish I'd listened to cloggs and cashed in at the bottom!

reckon fomc notes gonna do something??
he did cash in at 30's v smart
  • #213,450
  • Edited 12:12pm Apr 6, 2010 11:59am | Edited 12:12pm
Quoting pawpaw1000
s/r mate, no question... If you got more than 50 pips to the closest s/r then its a crappy trade...

Just a noob thought

still wish I'd listened to cloggs and cashed in at the bottom!

reckon fomc notes gonna do something??
Just got back from Waitrose, well this is no surprise and pawpaw, I did try to tell you in a nice way, next time I will tell you to close the f@cker... ppl argued for 3 pages about shorting, I called I was out at 513 and most disagreed. I even went through the effort and posted loads of charts with good solid reasoning.

An opportunity to short may still present itself here shortly.
  • #213,451
  • Apr 6, 2010 12:06pm Apr 6, 2010 12:06pm
Quoting cloggie
Just got back from Waitrose, well this is no surprise and pawpaw, I did try to tell you in a nice way, next time I will tell you to close the f@cker... ppl argued for 3 pages about shorting, I called I was out at 513 and most disagreed. I even went through the effort and posted loads of charts with good solid reasoning.

An opportunity to short may still present itself here shortly.
If nobody else will listen in the future, I will, I'm kicking myself now. Got in the short a lot lower than I should, am now in SL territory but am hanging in hoping for another dip!
Back to basics, it has to be for me!
  • #213,452
  • Apr 6, 2010 12:09pm Apr 6, 2010 12:09pm
Quoting kill56
ok room lets play

what is the best stop loss for the crazy cable is it

20p 30p 40p 50p 60p or 100p or better use res and sup for it or fib lines or MA's
I do not have a set SL. Like you said, my sl depend on where the MA's fibs and S/R's lie. could be 15 pips, could be 50 pips. I used the different time frames to determine it.
  • #213,453
  • Edited 12:25pm Apr 6, 2010 12:14pm | Edited 12:25pm
Quoting kill56
he did cash in at 30's v smart

The funny bit was I called it and spend 2 hours justifying it here while the price kept rising and most ignored it and were looking for shorts. Ah well, am not going to give up yet turning these m@r@ns into traders...

Todays lessons:

Lesson 1, write down your fooking trading plan and stick to it
Lesson 2, don't be bloody greedy, a 100 pips as a day trader on one 1 trade is great, don't let it run into a BE or even a loss
Lesson 3, don't argue with the Clogmeister
Lesson 4, if you feel the urge to argue with Cloggie, refer to rule 3
Lesson 5, fook the diamond, collect your ruby's

Now shut it and get me dinner ready.
  • #213,454
  • Apr 6, 2010 12:19pm Apr 6, 2010 12:19pm
Quoting cloggie
The funny bit was I called it and spend 2 hours justifying it here while the price kept rising and most ignored it and were looking for shorts. Ah well, am not going to give up yet turning these m@r@ns into traders...
was a great call bro u and magix did see it coming the crackforex school is open now
  • #213,455
  • Apr 6, 2010 12:31pm Apr 6, 2010 12:31pm
Quoting kill56
was a great call bro u and magix did see it coming the crackforex school is open now

Magix enjoys scalping and he is quite good at it, I hate it and everytime I get tempted I end up giving hundreds back in commission for no results.
  • #213,456
  • Apr 6, 2010 12:31pm Apr 6, 2010 12:31pm
Quoting cloggie
Ah well, am not going to give up yet turning these m@r@ns into traders...

Lesson 3, don't argue with the Clogmeister
We sit at your feet & throw rubies in appreciation.
******************* I'd rather make money than be right.
  • #213,457
  • Apr 6, 2010 12:32pm Apr 6, 2010 12:32pm
Quoting 4xStar
We sit at your feet & throw rubies in appreciation.

Careful, not all my calls are right. Last night I took a long to see if the DB would complete and lost 40 pips. And not all my calls may suit your trading style, I tend to look for the 50-100 pip runs, and my first rule in trading is preserve the capital, so no trade setup is a trade for me. Rule 2 is that I will never let a green run turn against me. And I do fiddle with SL's and TP's at times, because I see it as another setup when the landscape changes around me.
  • #213,458
  • Apr 6, 2010 12:37pm Apr 6, 2010 12:37pm
Quoting cloggie
The funny bit was I called it and spend 2 hours justifying it here while the price kept rising and most ignored it and were looking for shorts. Ah well, am not going to give up yet turning these m@r@ns into traders...

Todays lessons:

Lesson 1, write down your fooking trading plan and stick to it
Lesson 2, don't be bloody greedy, a 100 pips as a day trader on one 1 trade is great, don't let it run into a BE or even a loss
Lesson 3, don't argue with the Clogmeister
Lesson 4, if you feel the urge to argue with Cloggie, refer to rule 3
Lesson 5,...

Good one from you bro. I wish to know about somethings you are doing right now on your PC with cable. Looking at this chart, I am tired here. But will just want to ask you one question now. What are you doing with cable right now. I am waiting for retracment at 1.5250 before I resume my selling interest. But thig thing will not just get to this points and I am eager to do something now so that I will not miss out in this urge down trend. And now I need your opinion and will like you to give me and give me fast. Waiting for your reply.
  • #213,459
  • Apr 6, 2010 12:37pm Apr 6, 2010 12:37pm
Quoting cloggie
Careful, not all my calls are right. Last night I took a long to see if the DB would complete and lost 40 pips. And not all my calls may suit your trading style, I tend to look for the 50-100 pip runs, and my first rule in trading is preserve the capital, so no trade setup is a trade for me. Rule 2 is that I will never let a green run turn against me. And I do fiddle with SL's and TP's at times, because I see it as another setup when the landscape changes accordingly.

Sounds good - the secret of a good party is knowing when to leave
  • #213,460
  • Apr 6, 2010 12:37pm Apr 6, 2010 12:37pm
Need this sucker to get down to 1.5175 then I can pack up for the night and relax watching Barca spank the Arsenal. Now there's a trade, Barca to win by 2 goal margin
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