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Cable Update (GBPUSD)

  • #218,121
  • Apr 15, 2010 10:00am Apr 15, 2010 10:00am
Quoting albchr
....

http://www.forexfactory.com/showpost...postcount=1152
excellent trading bro
Thank You
  • #218,122
  • Apr 15, 2010 10:00am Apr 15, 2010 10:00am
Long until we reach 2.00....UK economy & deficit are just fine...no more prob Brown & GM told me
Buy gbp while you can...best country ever!!
COT: The precious data ignored
  • #218,123
  • Apr 15, 2010 10:00am Apr 15, 2010 10:00am
bulls vs bears
  • #218,124
  • Apr 15, 2010 10:01am Apr 15, 2010 10:01am
GU has passed the 3rd test level, 5480, it means H4 chart take place.
Face both Win and Lose bravely
  • #218,125
  • Apr 15, 2010 10:01am Apr 15, 2010 10:01am
Quoting wormboy
Yup, I read your posts earlier. Just seem you were out of sorts because you were in a bad position that's all. You might not have noticed that.
That's why I kept saying try not to open a fresh position before london.
I bet if you had waited, you could've sold with a clear mind & took profit before 5380, because you kept mentioning IF 80 is broken, meant that you know where you could've booked.
It's okay, part & parcel of the business. Just don't keep repeating the same mistakes
Man, If I hadnt gone long before london, I would've creamed at least 80 pips today, MINIMUM!!!
@pawpaw1000 on Twitter
  • #218,126
  • Apr 15, 2010 10:02am Apr 15, 2010 10:02am
Quoting Cotton-I-Jo
First short position has already Activated @ 490 , next will be 5503 if goes

higher....


It will.
  • #218,127
  • Apr 15, 2010 10:02am Apr 15, 2010 10:02am
london closing
  • #218,128
  • Apr 15, 2010 10:03am Apr 15, 2010 10:03am
Quoting pawpaw1000
Man, If I hadnt gone long before london, I would've creamed at least 80 pips today, MINIMUM!!!
forget it & get the next one. eyes on 5545
Thank You
  • #218,129
  • Apr 15, 2010 10:04am Apr 15, 2010 10:04am
Quoting bbakker
I watch the hour candles now, just like Reznik ... much more peaceful
mmm... bb, it does look alot more tranquil... maybe that is a option... do you use m15 at all?

How do you guys get the time to look at 4 pairs at the same time. Guess if one looks just 1hr and up its possible>>??
@pawpaw1000 on Twitter
  • #218,130
  • Apr 15, 2010 10:04am Apr 15, 2010 10:04am
Quoting pawpaw1000
Man, If I hadnt gone long before london, I would've creamed at least 80 pips today, MINIMUM!!!
you could never afford to have that mentality in this business bro.. or else you're history.. IF is a dangerous word..
  • #218,131
  • Apr 15, 2010 10:06am Apr 15, 2010 10:06am
55 minutes until 4h candle close..
  • #218,132
  • Apr 15, 2010 10:08am Apr 15, 2010 10:08am
Such a beautiful world
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SCARED MONEY NEVER DOES GOOD IN FOREX
  • #218,133
  • Apr 15, 2010 10:08am Apr 15, 2010 10:08am
Quoting pawpaw1000
mmm... bb, it does look alot more tranquil... maybe that is a option... do you use m15 at all?

How do you guys get the time to look at 4 pairs at the same time. Guess if one looks just 1hr and up its possible>>??
What I do is, I spend an hour or so in the morning looking at 15-20 pairs and pick the 3-5 I am going to focus on for the day, I then find prices that interest me for either short or long setups and set alarms for them so I pretty much ignore them until that price gets reached, or at times of news releases that I feel could make an impact. I pretty much keep an eye on fibre and cable during the day at all times. I hardly ever look at M1, thats just noise, focus on H1/M30/M15 during the day with M5 for entries and exits. Of course I don't scalp, I look for trades that I can hold for a few hours with a good R/R
  • #218,134
  • Apr 15, 2010 10:10am Apr 15, 2010 10:10am
we are Flying.... i'm ready for 1.5546...
I will be the number one Manager.
  • #218,135
  • Edited 10:24am Apr 15, 2010 10:11am | Edited 10:24am
Entered long @ 5445 Have since move my SL up to 5475 for min 30 PIP profit - will let the market decide where it goes from here !!
  • #218,136
  • Apr 15, 2010 10:13am Apr 15, 2010 10:13am
Quoting pawpaw1000
Man, If I hadnt gone long before london, I would've creamed at least 80 pips today, MINIMUM!!!
Don't understand:

Are you saying you went long just in time and made a lot of profit -- and you would have lost 80 pips with your short if you had left it running ?
  • #218,137
  • Apr 15, 2010 10:13am Apr 15, 2010 10:13am
Quoting keithbridges
Entered @ 5445 Have move my SL up to 5475 - will let the market decide where it goes from here !!
London closes at 1630 BST
  • #218,138
  • Apr 15, 2010 10:15am Apr 15, 2010 10:15am
Quoting pawpaw1000
Man, If I hadnt gone long before london, I would've creamed at least 80 pips today, MINIMUM!!!
Pawpaw,

It appears you are trying to be a long term trader on a short term basis. What I mean by that if you buy @ a resistance point, you have to be willing to let drop to the support, go back to the resistance, and then surpass to the next resistance point.

Why not do this, once it drops to supports, buy to ride up to resistances (in uptrend) reverse for downtrend. London open was right at resistance point, so buying there was suicide for short term traders.
  • #218,139
  • Apr 15, 2010 10:16am Apr 15, 2010 10:16am
Quoting cloggie
London closes at 1630 BST
meaning? looking for the london close rally? which way you looking for that???
@pawpaw1000 on Twitter
  • #218,140
  • Apr 15, 2010 10:17am Apr 15, 2010 10:17am
Finally, cleared for take off.

We now have a proper retrace to the m30, 200EMA, and have built back up above support on the H1 1440EMA.

We should see a bit of a pullback to the 200ema on the 5m and really see things start to move.

http://www.forexfactory.com/showpost...stcount=217043

Chart 1 - Forecasted retrace
Chart 2 - Retrace complete
Chart 3 - Hourly support range
Chart 4 - Guestimated draw back for continuation of trend



Keep smiling!
Attached Image(s) (click to enlarge)
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