Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#218,341
Apr 16, 2010 1:16am Apr 16, 2010 1:16am

Ctic
Joined Oct 2009 | Status: The Voodoo Boodoo Club | 1,419 Posts

Quoting joemiami

Disliked

Just noticed others are using 1440 ema, not sma, maybe I'll try the ema too and see how it goes....

Ignored

I use both.. They work well together. also not to far off from each other. Same with the 200's and the 55's.

#218,342
Apr 16, 2010 1:21am Apr 16, 2010 1:21am

Honored
| Joined Dec 2009 | Status: Trader | 597 Posts

Quoting joemiami

Disliked

Honored, she bounced off the 1440 sma 3 hrs ago (TODAY) Just closed my short scalp for 35 pips.. Now waiting for long signal.......

Ignored

I took that as S1 at 1.5412 when it bounced off 3 hrs ago. i closed my short back then. long now for a new high ???

#218,343
Apr 16, 2010 1:21am Apr 16, 2010 1:21am

joemiami
Joined Jan 2008 | Status: Pipaholics make better lovers ;) | 1,002 Posts

Good to know...

#218,344
Apr 16, 2010 1:22am Apr 16, 2010 1:22am

xPrav
| Joined Apr 2010 | Status: EFX Member | 94 Posts

closed my previous long before the fall

long again @ 5409

#218,345
Apr 16, 2010 1:23am Apr 16, 2010 1:23am

Nene
| Additional Username | Joined May 2009 | 2,719 Posts

In other words, dont panic if price suddenly retraces on you, and you know you are with the major trend, Cable is notorious for that.

And for the other, let the retrace come to you, for example: If you are long with long term trend and its time, or you think its time for a correction, dont just sell, buy into the retrace. My favorite way is too buy a micro or two every 30 pips or so.

Jim

Quoting okehiedon

Disliked

Nene I do not get the exact meaning of rule 2 and rule 5 could you throw more light. Thanks

Ignored

#218,346
Apr 16, 2010 1:24am Apr 16, 2010 1:24am

joemiami
Joined Jan 2008 | Status: Pipaholics make better lovers ;) | 1,002 Posts

Honored, Im waiting for the next 15 min bar to finish bullish before i commit myself.....

#218,347
Apr 16, 2010 1:25am Apr 16, 2010 1:25am

Honored
| Joined Dec 2009 | Status: Trader | 597 Posts

Quoting joemiami

Disliked

Honored, Im waiting for the next 15 min bar to finish bullish before i commit myself.....

Ignored

thats good. Looks like its almost there. u got 6 mins left

#218,348
Apr 16, 2010 1:26am Apr 16, 2010 1:26am

cloggie
Joined Oct 2009 | Status: Trader | 15,211 Posts

Guys taking longs here may want to be a bit careful with that, we have 3 bear candles on H4 looking at an intraday target of 533. I am still flat doing my analysis on my pairs for today.

#218,349
Apr 16, 2010 1:27am Apr 16, 2010 1:27am

joemiami
Joined Jan 2008 | Status: Pipaholics make better lovers ;) | 1,002 Posts

Quoting cloggie

Disliked

Guys taking longs here may want to be a bit careful with that, we have 3 bear candles on H4 looking at an intraday target of 533. I am still flat doing my analysis on my pairs for today.

Ignored

Yeah, I know about the 4hr picture, its orbiting quickly around my cerebellum.....lol

#218,350
Apr 16, 2010 1:28am Apr 16, 2010 1:28am

mkrajaci
| Joined Oct 2009 | Status: Trader | 78 Posts

This is my thinking

Attached Image (click to enlarge)

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Size: 32 KB

If cable don't touch 78.6 I will buy at 61.8

Happy trading to every one.

#218,351
Apr 16, 2010 1:29am Apr 16, 2010 1:29am

Nene
| Additional Username | Joined May 2009 | 2,719 Posts

By the way, we are at the 61.8 Fib level for the Daily move up from 4/13.

Just FYI, because I been buying this retrace......LOL

Jim

#218,352
Apr 16, 2010 1:30am Apr 16, 2010 1:30am

Honored
| Joined Dec 2009 | Status: Trader | 597 Posts

Quoting cloggie

Disliked

Guys taking longs here may want to be a bit careful with that, we have 3 bear candles on H4 looking at an intraday target of 533. I am still flat doing my analysis on my pairs for today.

Ignored

thanks for the heads up. its a bit scary around this area. i will have a tight SL