huh???...,anyone know where is all my last night profit?? i sleep and all gone..., wormy steal it...,
Inserted Video
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traded eur/yen and the Dax instead 
Cable Update (GBPUSD)
- #224,121
- May 6, 2010 2:56am May 6, 2010 2:56am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
- #224,123
- May 6, 2010 2:58am May 6, 2010 2:58am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Once again Wormboy we're looking at the same charts. I haven't even placed a trade today, still waiting for the bulls to fight back and get a better price (the recent hammers on the M15 and M30 could signify the start of this).
Today's candle spread is wider than yesterdays and its not even an hour into London!
Theres much manipulation going on, it really could be like tossing a coin today.
Good luck all
Dazzer
just a head's up if you're looking for an entry, this is my H1 working chart. As you can see buyers are trying to push price back above yesterday's low. If that fails, we spiral. Get ready buddy
Same working chart posted yesterday:
1. http://www.forexfactory.com/showpost...stcount=223759
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- #224,125
- May 6, 2010 3:09am May 6, 2010 3:09am
yup ..
just a head's up if you're looking for an entry, this is my H1 working chart. As you can see buyers are trying to push price back above yesterday's low. If that fails, we spiral. Get ready buddy
Same working chart posted yesterday:
1. http://www.forexfactory.com/showpost...stcount=223759
Sold with big SL. Looking for 1.50081 for first TP and the second at 1.49429. I'll trail the second down just in case. That last M30 candle was enough for me, a clear rejection from yesterday's low on reduced volume and higher spread.
Lets see
Good luck all
Dazzer
- #224,126
- May 6, 2010 3:11am May 6, 2010 3:11am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
We have potential resistance here at around yesterday's low. This can be seen on the M5 and note the high traffic area from earlier today.
The fight-back is on, but does it have the momentum?
Time will tell, still on the side for now.
Good luck everyone.
Dazzer
Thank You
- #224,127
- May 6, 2010 3:15am May 6, 2010 3:15am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Sold with big SL. Looking for 1.50081 for first TP and the second at 1.49429. I'll trail the second down just in case. That last M30 candle was enough for me, a clear rejection from yesterday's low on reduced volume and higher spread.
Lets see
Good luck all
Dazzer
here's my trade:
1. http://www.forexfactory.com/showpost...postcount=6526
I have booked a big part of what I sold earlier & left one remaining for 4965 ( pretty close to your second tp
) That trade is also now safely locked.Hope we get paid in full today
Thank You
- #224,128
- May 6, 2010 3:18am May 6, 2010 3:18am
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
Awesome stuff!
here's my trade:
1. http://www.forexfactory.com/showpost...postcount=6526
I have booked a big part of what I sold earlier & left one remaining for 4965 ( pretty close to your second tp
Hope we get paid in full today
Verily, in every difficulties there is relief
- #224,129
- May 6, 2010 3:18am May 6, 2010 3:18am
I didn't realise you posted this before I gave you the head's up. Looks like you won't be needing it. Nice to know someone else out there paying attention to the same levels as I am. Good stuff!
All levels should be the same when using anything up to H1.
S&R is like driving through a hedge in a field, if you don't get through the first time, then you reverse and have another go, eventually when the trend is strong, you'll get through more often than not. It seemed like a high probability short at the time when you consider volume, candle patterns..etc. If it doesn't work out, well I just lose 2% and that is that.
Good luck all
Dazzer
- #224,130
- May 6, 2010 3:19am May 6, 2010 3:19am
Awesome stuff!
here's my trade:
1. http://www.forexfactory.com/showpost...postcount=6526
I have booked a big part of what I sold earlier & left one remaining for 4965 ( pretty close to your second tp
Hope we get paid in full today
Dazzer
- #224,131
- May 6, 2010 3:21am May 6, 2010 3:21am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
so wormie you stick on your head n shoulder or with this one?
The H&S is valid.
But I would like to take my money first at the mentioned levels & sell again at a better price. I won't lose any sleep if say for example I take all my profits @4965 & price continue to spiral. Just that I don't want to take any chances on uk election day & one day before nfp if I don't need to
Thank You
- #224,133
- May 6, 2010 3:29am May 6, 2010 3:29am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Testing today's low.....
Hope we don't bounce too much. Come on, drive through that hedge.
Dazzer
Thank You
- #224,135
- May 6, 2010 3:30am May 6, 2010 3:30am
Hello!
Maybe I'm totally wrong, but I bealive that a hung parlament is allready priced in the market. I bealive that no matter which outcome we get the cable will recover tomorrow. But I'm not willing to trade it
.
Maybe I'm totally wrong, but I bealive that a hung parlament is allready priced in the market. I bealive that no matter which outcome we get the cable will recover tomorrow. But I'm not willing to trade it
.
- #224,136
- May 6, 2010 3:30am May 6, 2010 3:30am
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
both.
The H&S is valid.
But I would like to take my money first at the mentioned levels & sell again at a better price. I won't lose any sleep if say for example I take all my profits @4065 & price continue to spiral. Just that I don't want to take any chances on uk election day & one day before nfp if I don't need to
thats what dangling on my mind....
i dont know whether cable will go straight to the bottom or will have a reversal
Verily, in every difficulties there is relief
- #224,137
- May 6, 2010 3:32am May 6, 2010 3:32am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
updatestill risky
Good morning Cats.
Did you manage too see that huge trip down 15 pips in less than a second a few minutes ago??????
Missed my first TP by 2 pips and then bounced 20 pips up
Typical. Time for another coffee.
Trade what you see never what you think!
- #224,140
- May 6, 2010 3:38am May 6, 2010 3:38am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
thats what dangling on my mind....
i dont know whether cable will go straight to the bottom or will have a reversal
Good luck!
Thank You