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Cable Update (GBPUSD)

  • #223,121
  • Apr 30, 2010 10:28am Apr 30, 2010 10:28am
Quoting cloggie
SL to BE
The London boys left the building 5 mins early
  • #223,122
  • Apr 30, 2010 10:29am Apr 30, 2010 10:29am
Quoting bbakker
The London boys left the building 5 mins early

Yup got stopped out and slippage gave me a loss, what a wonderful way to end the day.... Love it.
  • #223,123
  • Apr 30, 2010 10:30am Apr 30, 2010 10:30am
Quoting pawpaw1000
maybe good movement for a scalp? have a look at m5 and see what pips you can make just by using engulfing candles and putting stop above previous candle high...
h1 piercing pattern, m5 engulfer carries no weight over htf.
some people never learn
Thank You
  • #223,124
  • Apr 30, 2010 10:32am Apr 30, 2010 10:32am
Fixing flows convoluted

Written by Jamie Coleman
April 30, 2010 at 14:57 GMT

"One minute the interbank brokers are looking for buy orders to offset their sell orders, the next minute the imbalance goes the other way. Could be a very sloppy month-end fixing."
Thank You
  • #223,125
  • Apr 30, 2010 10:35am Apr 30, 2010 10:35am
Quoting wormboy
h1 piercing pattern, m5 engulfer carries no weight over htf.
some people never learn
never gonna try it but looking at the m5 it seems to always be good for at least 10 - 20 pips...

Whats wrong with that? I'm not saying it will give me the trend reversal...
@pawpaw1000 on Twitter
  • #223,126
  • Apr 30, 2010 10:36am Apr 30, 2010 10:36am
Quoting wormboy
h1 piercing pattern, m5 engulfer carries no weight over htf.
some people never learn
Give the boy a chance. He is relatively new to all this and hopefully he has learned something here.
  • #223,127
  • Apr 30, 2010 10:37am Apr 30, 2010 10:37am
EURUSD 1h candle looks like a nail )
  • #223,128
  • Apr 30, 2010 10:38am Apr 30, 2010 10:38am
Quoting wormboy
h1 piercing pattern, m5 engulfer carries no weight over htf.
some people never learn
biar je la bro...
  • #223,129
  • Apr 30, 2010 10:40am Apr 30, 2010 10:40am
Quoting pawpaw1000
never gonna try it but looking at the m5 it seems to always be good for at least 10 - 20 pips...

Whats wrong with that? I'm not saying it will give me the trend reversal...
nothing wrong with that, if you know what you're doing.

selling for 10-20 pips over an m5 pattern when the higher tf just produced a bullish reversal is extremely high risk. You might get away with it, most of the time you won't. Since the htf just closed a bullish reversal, if you have to use the m5 trigger, look to buy dip instead of selling into a buying pressure.
Thank You
  • #223,130
  • Apr 30, 2010 10:43am Apr 30, 2010 10:43am
I'm done and of to Waitrose before the trolls empty the shelves...



Have a good weekend boys and girls, see you on a very quiet Monday.
  • #223,131
  • Apr 30, 2010 10:43am Apr 30, 2010 10:43am
Quoting bbakker
Give the boy a chance. He is relatively new to all this and hopefully he has learned something here.
take the last 5 engulfing candles on m5 and say you only wanted a RR of 1 with s/l above previous candle high... You would have gotten TP EVERY TIME!!!

thats all I'm saying, just floating it out there to see if someone knows something about this kind of trading (ie Scalping)... Dont wanna step on toes or sound ignorant...
@pawpaw1000 on Twitter
  • #223,132
  • Apr 30, 2010 10:43am Apr 30, 2010 10:43am
Quoting wormboy
nothing wrong with that, if you know what you're doing.

selling for 10-20 pips over an m5 pattern when the higher tf just produced a bullish reversal is extremely high risk. You might get away with it, most of the time you won't. Since the htf just closed a bullish reversal, if you have to use the m5 trigger, look to buy dip instead of selling into a buying pressure.
Ko ckp camne pun bkn depa dengar...

Anyway, how's your day?
  • #223,133
  • Apr 30, 2010 10:44am Apr 30, 2010 10:44am
Quoting wormboy
nothing wrong with that, if you know what you're doing.

selling for 10-20 pips over an m5 pattern when the higher tf just produced a bullish reversal is extremely high risk. You might get away with it, most of the time you won't. Since the htf just closed a bullish reversal, if you have to use the m5 trigger, look to buy dip instead of selling into a buying pressure.
thanks wormy, was thinking it would work best with the trend...

You still gonna trade more today? seems like volume is dropping badly..
@pawpaw1000 on Twitter
  • #223,134
  • Apr 30, 2010 10:48am Apr 30, 2010 10:48am
Been scalping here and there on the m5, proves to be fruitful with total of 100pips. Slowly but surely got the hang of it. Market has been erratic for the past 2 hours and that was a good opportunity to scalp. However, the longer TF still proves the better trading method as you are well prepared as how much you can win or lose. Happy trading everyone.
  • #223,135
  • Apr 30, 2010 10:49am Apr 30, 2010 10:49am
Quoting bbakker
Give the boy a chance. He is relatively new to all this and hopefully he has learned something here.
I am giving him a chance .. and my time of day. It's because when you're new, it's easy to start making stupid trades that ends up becoming habitual. And believe me, it's not easy to shake those bad habits off.
He only needs to tell me to shut it & I will leave him alone
Thank You
  • #223,136
  • Apr 30, 2010 10:55am Apr 30, 2010 10:55am
Quoting A-speculator
Ko ckp camne pun bkn depa dengar...

Anyway, how's your day?
Dah sampai tahap ketegag dah ni...
  • #223,137
  • Apr 30, 2010 10:55am Apr 30, 2010 10:55am
Quoting bbakker
Give the boy a chance. He is relatively new to all this and hopefully he has learned something here.
  • #223,138
  • Apr 30, 2010 10:56am Apr 30, 2010 10:56am
Quoting A-speculator
Ko ckp camne pun bkn depa dengar...

Anyway, how's your day?
hehe saja cuba tolong

slow day, just 2 trades bro. you?
Thank You
  • #223,139
  • Apr 30, 2010 10:56am Apr 30, 2010 10:56am
Quoting Najee
Dah sampai tahap ketegag dah ni...
ala.. aku dah biasa dah camtu.. dah fedup pun..

biar kan je.. depa nie lebih pandai.. mana leh lawan..
  • #223,140
  • Apr 30, 2010 10:57am Apr 30, 2010 10:57am
Well said... Habitual action will lead traders to either winning or losing trades. The basic must be strong enough so that it won't be easily stirred around by some jumpy hunch...:-D

Quoting wormboy
I am giving him a chance .. and my time of day. It's because when you're new, it's easy to start making stupid trades that ends up becoming habitual. And believe me, it's not easy to shake those bad habits off.
He only needs to tell me to shut it & I will leave him alone
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