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Cable Update (GBPUSD)

  • #221,641
  • Apr 27, 2010 4:10am Apr 27, 2010 4:10am
Quoting The Magician
BOOOM! Look at her go! SO glad I got out of my long, haha!

Sloping resistance at 5348
tell me about it...
  • #221,642
  • Apr 27, 2010 4:11am Apr 27, 2010 4:11am
1440 em on m15

outttttttttttttt no regret waiting
Attached Image (click to enlarge)
Click to Enlarge Name: 15m cable n.gif Size: 17 KB
  • #221,643
  • Apr 27, 2010 4:13am Apr 27, 2010 4:13am
Quoting bbakker
Nope. Seen enough and cashed all of them in. Cheeky long on the retrace!
I cashed in the long before it went into red, so a small gain, but a gain nonetheless. Now I have seen it drop even further... I am out waiting.
  • #221,644
  • Apr 27, 2010 4:15am Apr 27, 2010 4:15am
And I closed my last short at .80 because everyone in here was talking long...
Note to Self: trade your own charts, the room is not always right
******************* I'd rather make money than be right.
  • #221,645
  • Apr 27, 2010 4:15am Apr 27, 2010 4:15am
Quoting TheCatsPJs
Hi Dazzer i am really liking your dynamic volume indy where can i get my sticky little fingers on something similar??

Hi Cats, with pleasure.

If you refer to the chart at the bottom of the chart pic, then here you go. I also attached a bar recognition indi also, but you may want to read up about what it all means before you use it.

Good luck

Dazzer
Attached File(s)
File Type: mq4 Volume Teacher v4.mq4   43 KB | 255 downloads
File Type: mq4 VSA_Text.mq4   5 KB | 241 downloads
  • #221,646
  • Apr 27, 2010 4:15am Apr 27, 2010 4:15am
Seems that's the only way to trade as of late!
You said it!

Coming up on TL now here is the chart
Quoting TerpFan2

Thanks, again...
"Best of Pipping" in this smash grab-scene.

Jeff !
Attached Image (click to enlarge)
Click to Enlarge Name: cable_daily_Trendline.GIF Size: 24 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #221,647
  • Apr 27, 2010 4:17am Apr 27, 2010 4:17am
Quoting kill56
1440 em on m15

outttttttttttttt no regret waiting
  • #221,648
  • Apr 27, 2010 4:17am Apr 27, 2010 4:17am
Quoting Nene
What a bunch of Crap. I bought 3 times on the way down this morning. I also bought 5 times on the way down on Sunday night telling you and everyone else exactly what I was doing. You were just so hell bent on going short and didnt take the time to listen. I have seen your calls and I am dam glad I am making my own because I wouldnt want yours. When you have been around 20 years come and see me> I dont need this thread and thanks to you I will not have to worry about it anymore. I want to appologize to the newbys, but this is the type of person I...

This guy here bought last Friday and again on Sunday claiming that he makes 1500 pips a week, Ah well I do hope that not too many noobs followed this guy to a blown account. I am glad that tr@lls like this get found out so easily here.
  • #221,649
  • Apr 27, 2010 4:17am Apr 27, 2010 4:17am
Quoting 4xStar
And I closed my last short at .80 because everyone in here was talking long...
Note to Self: trade your own charts, the room is not always right

yes mam was out then in #90's then out waiting
  • #221,650
  • Apr 27, 2010 4:18am Apr 27, 2010 4:18am
Don't get sucked in again to this silly little rally up on the very small TFs. We're making lower lows and lower highs. Only the people controlling the market and the very lucky will be able to pick this one out.

Dazzer
  • #221,651
  • Apr 27, 2010 4:18am Apr 27, 2010 4:18am
Quoting cloggie
This guy here bought last Friday and again on Sunday claiming that he makes 1500 pips a week, Ah well I do hope that not too many noobs followed this guy to a blown account. I am glad that tr@lls like this get found out so easily here.

no more 1500
  • #221,652
  • Apr 27, 2010 4:19am Apr 27, 2010 4:19am
Hmmm, sloping resistance on H4 suggests a short term bounce UP, but the Daily chart looks like it's forming a nasty double top. Sitting out right now.
  • #221,653
  • Apr 27, 2010 4:21am Apr 27, 2010 4:21am
Quoting kill56
no more 1500

It is guys like that with a few vouches that have a detrimental effect on noobs here. I can't stand trolls with claims of 1500 pips a week that make not a single trade call live to back it up. Einstein said that the definition of insanity is: doing the same thing over and over again and expecting different results.
  • #221,654
  • Apr 27, 2010 4:22am Apr 27, 2010 4:22am
Quoting kill56
yes mam was out then in #90's then out waiting
And you nailed the next move down to that 1440 .. I kept one short open with stop at +10 .. but then changed my mind & chickened out when everyone started talking long, long....
Cluck, cluck
******************* I'd rather make money than be right.
  • #221,655
  • Edited 4:31am Apr 27, 2010 4:22am | Edited 4:31am
Not every trade starts off with a negative pip value due to spread and or commission then automatically turns green.

I realized this when I got tired of setting typical stops with "ok" entries,
then letting the trade ride, all to realize later or the next day, I missed 100 or 150 pips because I was not willing to sacrifice 30 or more.

People should always trade the way that they see fit.

Cable did release a Negative News number which helped push us closer to the TL.

Nothing in FX is set in stone. The sooner people realize that the better.

Cut the losers short and let the winners ride.

EDIT: I Monitor my trades on H1 and use M5 and m15 for entries. So my areas may not fit some... I also do scalp for 10 to 30 pips with no stop when I can watch the screen without interruption. Edit: 2 AND USe Daily and weekly to decide trends / pivots etc.

Without the willingness to risk 30 pips from time to time trading cable may not be the most suitable pair. Often especially with the recent PA a trade can
move 20 pips for you 10 against then top out at 70 in your favor...It's all about the individual and what the are comfortable with.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #221,656
  • Apr 27, 2010 4:23am Apr 27, 2010 4:23am
cable withen the daily average 130pips
  • #221,657
  • Apr 27, 2010 4:24am Apr 27, 2010 4:24am
Quoting XTrade
Not every trade starts off with a negative pip value due to spread and or commission then automatically turns green....

  • #221,658
  • Apr 27, 2010 4:27am Apr 27, 2010 4:27am
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
Quoting cloggie
This guy here bought last Friday and again on Sunday claiming that he makes 1500 pips a week, Ah well I do hope that not too many noobs followed this guy to a blown account. I am glad that tr@lls like this get found out so easily here.
....maybe he made 5 pips on a 300£ per point bet !......that's what he meant ..lets give him some credit
  • #221,659
  • Apr 27, 2010 4:28am Apr 27, 2010 4:28am
1.53288 doesn't look that far away now.

Just need a group of smart-asses to think "it can't go any lower" so the market makers can mark up the price for confirmation and then before you know it, the price crashes.

Having said that, we do have some news round the corner, so maybe it is the low of the day.......

Dazzer
  • #221,660
  • Apr 27, 2010 4:29am Apr 27, 2010 4:29am
Quoting cloggie
It is guys like that with a few vouches that have a detrimental effect on noobs here. I can't stand trolls with claims of 1500 pips a week that make not a single trade call live to back it up. Einstein said that the definition of insanity is: doing the same thing over and over again and expecting different results.

its not the vouch's bro its who care about these new comers long term trades is for ppl who have big azz accounts and the got burned some times
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