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Cable Update (GBPUSD)

  • #226,041
  • May 12, 2010 9:06am May 12, 2010 9:06am
1BB take a look
Attached Image (click to enlarge)
Click to Enlarge Name: h1 cable.gif Size: 16 KB
  • #226,042
  • May 12, 2010 9:17am May 12, 2010 9:17am
Quoting cloggie
My day today was a pretty basic one, identified the move up from London and rode it for 89, got out and waited for the reversal, got in and rode it for 100, got out, saw the bearish continuation of NY and rode that for 60, just got out. We are now wandering aimlessly for a bit and may take another trade as we are back at the Franky open. 3 trades so far on Cable.


not bad for the new D. PM
  • #226,043
  • May 12, 2010 9:17am May 12, 2010 9:17am
I thought I did, shouldnt be a problem unless they get the name. Thanks. I got quite a few of them also.

Quoting cloggie
Just a little hint, when posting charts select, "active chart" to keep your account number off.

Looks like NY is giving us a sneaky short for the scalpers.

4918 and 4898 are the ones to watch trading this, not to my liking.
  • #226,044
  • May 12, 2010 9:19am May 12, 2010 9:19am
Quoting Nene
I thought I did, shouldnt be a problem unless they get the name. Thanks. I got quite a few of them also.

u did good man
  • #226,045
  • May 12, 2010 9:19am May 12, 2010 9:19am
Quoting cloggie
My day today was a pretty basic one, identified the move up from London and rode it for 89, got out and waited for the reversal, got in and rode it for 100, got out, saw the bearish continuation of NY and rode that for 60, just got out. We are now wandering aimlessly for a bit and may take another trade as we are back at the Franky open. 3 trades so far on Cable.
I also made 3 trades today, but on eurusd.
20, 7 and 5 pips, 32 pips for the day, always got out too early,
donīt laugh at me, cloggie, iīm further picking the crumbs...
  • #226,046
  • May 12, 2010 9:21am May 12, 2010 9:21am
Quoting cloggie
My day today was a pretty basic one, identified the move up from London and rode it for 89, got out and waited for the reversal, got in and rode it for 100, got out, saw the bearish continuation of NY and rode that for 60, just got out. We are now wandering aimlessly for a bit and may take another trade as we are back at the Franky open. 3 trades so far on Cable.
Well, that's what I hope to be able to do one day! The calls you, The BB brothers, Magix, etc are the ones I'd like to do too.

Anyway, I've just gone back to looking at charts again and it seems we have some trend lines that could well be in play from previous days (not a shock to most of you).

Seems we've been getting some support and resistance from the orange lines so far, and if they hold something will still have to give in a couple of days!

EDIT: Ignore that buy line on the chart, that was a random play with MT4!
Attached Image (click to enlarge)
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Back to basics, it has to be for me!
  • #226,047
  • May 12, 2010 9:26am May 12, 2010 9:26am
any sugestions about rightnow on gbp/.usd
  • #226,048
  • May 12, 2010 9:28am May 12, 2010 9:28am
Quoting cloggie
Start at Magix's thread, you can't do much wrong using some of his techniques as a starting point. Also find a London Breakout plan you like as there is always a move there.
New template added at thread, new chart for triggers added here.

Enjoy the day.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #226,049
  • May 12, 2010 9:29am May 12, 2010 9:29am
london and franky closing
  • #226,050
  • May 12, 2010 9:31am May 12, 2010 9:31am
Cloggie, i was just reading this forum and i saw you make a post that you either deleted after a couple of minutes or was deleted by someone else. Your post was about GU and it was something like : 'i identified the up move, got out for 89, waited for it to go down...' I mean...only if life were so easy. What TF are you using, how/why did u enter long, what do u mean u identified the move up (what tipped u off), why were u waiting for it to come back down again, are just a few questions i would like to ask you. And the Magix thread uses some MACD/MA crossed system which i dont like.
  • #226,051
  • May 12, 2010 9:32am May 12, 2010 9:32am
Quoting Fr3ed0x
any sugestions about rightnow on gbp/.usd

My view is its going to consolidate for the remainder of the day. I am playing the range by settings some pending orders and just let be.
  • #226,052
  • May 12, 2010 9:32am May 12, 2010 9:32am
Quoting Magix
New template added at thread, new chart for triggers added here.

Enjoy the day.

Thanks Magix, the more help I get the better
Back to basics, it has to be for me!
  • #226,053
  • May 12, 2010 9:36am May 12, 2010 9:36am
Quoting BadTradingFi
Thanks Magix, the more help I get the better
1 trade at a time brother. A journey of a thousand miles doesn't just start with the first step, it is completed with every step after.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #226,054
  • May 12, 2010 9:37am May 12, 2010 9:37am
Quoting Magix
New template added at thread, new chart for triggers added here.

Enjoy the day.


long live voodoo boodoo
  • #226,055
  • May 12, 2010 9:37am May 12, 2010 9:37am
Quoting Alexone
Cloggie, i was just reading this forum and i saw you make a post that you either deleted after a couple of minutes or was deleted by someone else. Your post was about GU and it was something like : 'i identified the up move, got out for 89, waited for it to go down...' I mean...only if life were so easy. What TF are you using, how/why did u enter long, what do u mean u identified the move up (what tipped u off), why were u waiting for it to come back down again, are just a few questions i would like to ask you. And the Magix thread uses some MACD/MA...

I thought it presumptious so I deleted the post, however it was already quoted by some. I am not going to go into detail on how to trade the London Open, there are plenty of threads on the topic on several forums. I use all TF's but mainly M15/30 as trigger and M5 as entry. As to why I anticipated the move down, look at my earlier posts.

As to Magix's thread, it is a good start if one wanted to learn about ma trading. I use ma's as part of my toolbox (different ones then Magix) and find them an integral part of my strategy together with TL's, SR's and fibs.
  • #226,056
  • May 12, 2010 9:56am May 12, 2010 9:56am
Hi all hope your all having a cracking green day been following the thread but as i only scalp i feel i dont really have much insight to offer unless there are others out there that would like some reasoning behind trade decisions most of the time my setups happen to fast to post but i am happy to bung some stuff on when time allows if anyone is interested?

20 trades today
16 green
4 red
176 pips

Off to the Golf course now hope you guys/gals are landing them greens aswell

Cats.
Trade what you see never what you think!
  • #226,057
  • May 12, 2010 10:01am May 12, 2010 10:01am
Quoting TheCatsPJs
Hi all hope your all having a cracking green day been following the thread but as i only scalp i feel i dont really have much insight to offer unless there are others out there that would like some reasoning behind trade decisions most of the time my setups happen to fast to post but i am happy to bung some stuff on when time allows if anyone is interested?

20 trades today
16 green
4 red
176 pips

Off to the Golf course now hope you guys/gals are landing them greens aswell

Cats.

well done enjoy
  • #226,058
  • May 12, 2010 10:02am May 12, 2010 10:02am
Quoting kill56
well done enjoy
Kill that camerilla indi is cooler than penguin piss thanks a bunch
Been using GMTshift 0.25 and GMTsun shift 6.0 as you suggested
Trade what you see never what you think!
  • #226,059
  • May 12, 2010 10:04am May 12, 2010 10:04am
Quoting TheCatsPJs
Hi all hope your all having a cracking green day been following the thread but as i only scalp i feel i dont really have much insight to offer unless there are others out there that would like some reasoning behind trade decisions most of the time my setups happen to fast to post but i am happy to bung some stuff on when time allows if anyone is interested?

20 trades today
16 green
4 red
176 pips

Off to the Golf course now hope you guys/gals are landing them greens aswell

Cats.
Enjoy the golf... at least you have the weather for it to do a quick 18! Make sure you get as many GIR as you had greens today
  • #226,060
  • May 12, 2010 10:07am May 12, 2010 10:07am
1 hr doji and 4 hr Hammer at UTL spell another possible visit to 5020 area. Lets see if we go up here.

Jim
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