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Cable Update (GBPUSD)

  • #222,101
  • Apr 28, 2010 7:19am Apr 28, 2010 7:19am
how do i load up xl files got a good spreadsheet that allows you to manage your risk very well double your risk in 3 trades and if ig goes wrong 20 trades on the bounce till it wipes your risk capital out
Trade what you see never what you think!
  • #222,102
  • Apr 28, 2010 7:23am Apr 28, 2010 7:23am
Quoting OldReigatian
Absolutely right. I lost my focus early in the slide yesterday and assumed that it would stay within the previous day's ranges. It has a habit of moving 250-300 pips when you least expect it. I ended up having nested longs and shorts going at the same time just to dig myself out of the hole

What made it worse was that I had an adverse position going on with GJ at the same time so I was trying to juggle two balls from hell whilst not trying not to throw the towel in and start again from scratch.

Glad I didn't though as it was a great learning...
As long as you dont get addicted to these adrenalinve rushes you'll be fine...once again been there done that got a margin calll....

I saw the way pound started it fall yesterday and was saying here that its not like previous falls there were almost no bidders there (judging by PA on 5 sec graph lol ) and I knew ( i mean i was 95% sure) that the move will not get retraced in NY and will continue today.

Now my strategy is to sell rallies as there will be more late sellers jumping on board at key levels and then buy the dips near todays low ... simples
  • #222,103
  • Apr 28, 2010 7:26am Apr 28, 2010 7:26am
Quoting TheCatsPJs
how do i load up xl files got a good spreadsheet that allows you to manage your risk very well double your risk in 3 trades and if ig goes wrong 20 trades on the bounce till it wipes your risk capital out
You load them the same way as images or indys .. click Attachments, then browse to file on hd, then Upload, Close Window, Submit ..
******************* I'd rather make money than be right.
  • #222,104
  • Apr 28, 2010 7:26am Apr 28, 2010 7:26am
Massive spike up in volume and very little spread on the M5 starting at 13:10 GMT. This would indicate another bear move to support.

I'll wait till 13:30 (when the M30) candle closes. Looks at the moment like we have a rejection of higher prices due to the long wick.

Dazzer

edit: I just looked at PA and now we're up again, so the above may be negated. Sitting on my hands again
  • #222,105
  • Apr 28, 2010 7:27am Apr 28, 2010 7:27am
nice pump - it ain't gonna last!
  • #222,106
  • Apr 28, 2010 7:31am Apr 28, 2010 7:31am
Quoting 4xStar
You load them the same way as images or indys .. click Attachments, then browse to file on hd, then Upload, Close Window, Submit ..
Keeps telling me its an invalid file
Trade what you see never what you think!
  • #222,107
  • Apr 28, 2010 7:34am Apr 28, 2010 7:34am
compressed it Job done
Attached File(s)
File Type: zip Lot sizes FOREX.zip   27 KB | 285 downloads
Trade what you see never what you think!
  • #222,108
  • Apr 28, 2010 7:38am Apr 28, 2010 7:38am
Sold at 1.52040 with a tight 15 pips SL. Don't wanna give back the 3% earned this morning.

Looking to TP at 1.51643 & 1.50824.

Volume is higher now than at this point yesterday. Lets see as ever.

Dazzer
  • #222,109
  • Apr 28, 2010 7:41am Apr 28, 2010 7:41am
Quoting Dazzer
Sold at 1.52040 with a tight 15 pips SL. Don't wanna give back the 3% earned this morning.

Looking to TP at 1.51643 & 1.50824.

Volume is higher now than at this point yesterday. Lets see as ever.

Dazzer
Not me, am expecting this retrace to continue to 523ish. The next few candles on M5 will confirm that.
  • #222,110
  • Apr 28, 2010 7:42am Apr 28, 2010 7:42am
Quoting TheCatsPJs
Keeps telling me its an invalid file
When you open attachment window, there is a list of all accepted file types & sizes. If it is xls, it should be accepted .. if another format, try changing the file to .xls. Open Office files convert easily to xls.
******************* I'd rather make money than be right.
  • #222,111
  • Apr 28, 2010 7:42am Apr 28, 2010 7:42am
Quoting Dazzer
Sold at 1.52040 with a tight 15 pips SL. Don't wanna give back the 3% earned this morning.

Looking to TP at 1.51643 & 1.50824.

Volume is higher now than at this point yesterday. Lets see as ever.

Dazzer
With you Dazzer short at 5212 similar target
Trade what you see never what you think!
  • #222,112
  • Apr 28, 2010 7:42am Apr 28, 2010 7:42am
Quoting TheCatsPJs
compressed it Job done
Good

Except .. it doesn't download correctly ... it opens as a .php not zip.
******************* I'd rather make money than be right.
  • #222,113
  • Apr 28, 2010 7:44am Apr 28, 2010 7:44am
any views - in case of strong rebound, will the GU or will the EU rebound the furthest?
I have no enemy; I make Incautiousness my Enemy.
  • #222,114
  • Apr 28, 2010 7:44am Apr 28, 2010 7:44am
Quoting lexazver
As long as you dont get addicted to these adrenalinve rushes you'll be fine...once again been there done that got a margin calll....

I saw the way pound started it fall yesterday and was saying here that its not like previous falls there were almost no bidders there (judging by PA on 5 sec graph lol ) and I knew ( i mean i was 95% sure) that the move will not get retraced in NY and will continue today.

Now my strategy is to sell rallies as there will be more late sellers jumping on board at key levels and then buy the dips near todays low ......
Sounds good to me
  • #222,115
  • Apr 28, 2010 7:48am Apr 28, 2010 7:48am
Has the retrace started yet?
  • #222,116
  • Apr 28, 2010 7:50am Apr 28, 2010 7:50am
Quoting jimobiwan
any views - in case of strong rebound, will the GU or will the EU rebound the furthest?
market waiting for statement regards greece, due soon
  • #222,117
  • Apr 28, 2010 7:55am Apr 28, 2010 7:55am
took my short at 1.5224 maan its like a brick w3all this level hmmm..
  • #222,118
  • Apr 28, 2010 7:55am Apr 28, 2010 7:55am
Quoting cloggie
Not me, am expecting this retrace to continue to 523ish. The next few candles on M5 will confirm that.
You may be right. I may have jumped the gun again, but that spike up in volume looked significant at the time. SL extended to 25 pips to let it breathe.

We shall see. I tend to lose most of my trades in the afternoons. Very strange.

Good luck

Dazzer
  • #222,119
  • Apr 28, 2010 7:57am Apr 28, 2010 7:57am
Quoting Dazzer
You may be right. I may have jumped the gun again, but that spike up in volume looked significant at the time. SL extended to 25 pips to let it breathe.

We shall see. I tend to lose most of my trades in the afternoons. Very strange.

Good luck

Dazzer

Oh well another one bites the dust.
  • #222,120
  • Apr 28, 2010 7:58am Apr 28, 2010 7:58am
Quoting Dazzer
You may be right. I may have jumped the gun again, but that spike up in volume looked significant at the time. SL extended to 25 pips to let it breathe.

We shall see. I tend to lose most of my trades in the afternoons. Very strange.

Good luck

Dazzer

Put up a 150ma on M5 and draw a little trendline on it and you can see where the PA may be aiming for. This was not a hard call to make, am now watching the interaction between 25 and 150 on M5 with the lower trendline to see if this retrace continues and has any steam to it.

The driver is the cross of PA on M15 and M30 with 25ma

Next target 525
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