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Cable Update (GBPUSD)

  • #226,921
  • May 17, 2010 3:49am May 17, 2010 3:49am
Quoting Magix
Took an exit, seems we have a little support at pivot and I have faired well on the day.

Night guys.
Quick question, what settings do you (or others) use for the camarilladt indicator? Just trying to get mine to line up!
Back to basics, it has to be for me!
  • #226,922
  • May 17, 2010 3:57am May 17, 2010 3:57am
I'd personally play the break-out of the current constipated price, room up from 435 or a likely short at 399, room down to 325. My bias would be to the short side for the next few hours but will let the market take me in, so if I'm wrong it's ok because I won't have taken a market order.
"I made all my money by selling too soon"
  • #226,923
  • May 17, 2010 4:27am May 17, 2010 4:27am
ok finally my long positions is going somewhere lol
  • #226,924
  • May 17, 2010 4:28am May 17, 2010 4:28am
are not is, sorry for bad grammer
  • #226,925
  • May 17, 2010 4:32am May 17, 2010 4:32am
Quoting CoffeeDrinke
are not is, sorry for bad grammer
ah man now you jinxed it lol
  • #226,926
  • May 17, 2010 4:37am May 17, 2010 4:37am
Quoting digger1
ah man now you jinxed it lol
Lot of lines crossing on multiple time frames. Not giving up on the upside though

EDIT: Or maybe not!
Back to basics, it has to be for me!
  • #226,927
  • May 17, 2010 4:39am May 17, 2010 4:39am
Quoting BadTradingFi
Lot of lines crossing on multiple time frames. Not giving up on the upside though
just a little pop above the 200 on the 5 minute struggleing here tho
  • #226,928
  • May 17, 2010 4:40am May 17, 2010 4:40am
got out of my long at 4451, want to get back in, thinking it might re-test S2 again? Bit cautious here, 200ema on 5m just broke to downside.
  • #226,929
  • May 17, 2010 4:46am May 17, 2010 4:46am
Quoting digger1
just a little pop above the 200 on the 5 minute struggleing here tho
Yes, I was watching the 1000 on the 1m too which it breifly broke, heading back to 200 on the 1m now.

SEEMS to have been stuck between the 1000 and 200 for a while on 1m, but they are approaching eachother now (about 30 points between them).

I'm waiting for a mulitcoloured line crash to see what happens now!
Back to basics, it has to be for me!
  • #226,930
  • May 17, 2010 4:52am May 17, 2010 4:52am
long again at 414, which means it will probably go down haha!
  • #226,931
  • May 17, 2010 4:54am May 17, 2010 4:54am
Hourly pin bar under formation ... Am short with 50 pip stop and 100 pip tp.

short at 4420.
  • #226,932
  • May 17, 2010 4:54am May 17, 2010 4:54am
Quoting The Magician
long again at 414, which means it will probably go down haha!
Fingers crossed the 200 holds!!!!
Back to basics, it has to be for me!
  • #226,933
  • May 17, 2010 4:59am May 17, 2010 4:59am
Quoting BadTradingFi
Fingers crossed the 200 holds!!!!
putting up a fight
  • #226,934
  • May 17, 2010 5:01am May 17, 2010 5:01am
Moving averages. *shudder*
"I made all my money by selling too soon"
  • #226,935
  • May 17, 2010 5:03am May 17, 2010 5:03am
Quoting The Magician
long again at 414, which means it will probably go down haha!
Scalp?
"I made all my money by selling too soon"
  • #226,936
  • May 17, 2010 5:06am May 17, 2010 5:06am
Quoting Bleek
Scalp?
Yeah that's the plan
  • #226,937
  • May 17, 2010 5:06am May 17, 2010 5:06am
Quoting Bleek
Moving averages. *shudder*
They are useful for us who can't do it in their heads. Well, not me cos I often fluff it up anyway!

And suprising how often they hold, like the 1000ema and 200ema on the 1m chart at the moment!

I wish I could do your method though, hurry up and write it down
Back to basics, it has to be for me!
  • #226,938
  • May 17, 2010 5:12am May 17, 2010 5:12am
volatile today. Managed to scalp a few on that spike up. four lots, staggered exit, last lot stopped out at BE+1. Managed to retrieve my earlier losses. Dropping now. Think I'll sit out for a while.

Bleek, do you have a good strategy then? What do you use if not Moving averages?
  • #226,939
  • May 17, 2010 5:16am May 17, 2010 5:16am
Quoting The Magician
volatile today. Managed to scalp a few on that spike up. four lots, staggered exit, last lot stopped out at BE+1. Managed to retrieve my earlier losses. Dropping now. Think I'll sit out for a while.

Bleek, do you have a good strategy then? What do you use if not Moving averages?
I use naked 5m charts, just bars, all one colour.

I'm in short from 4400 for a scalp, 20 lots.
"I made all my money by selling too soon"
  • #226,940
  • May 17, 2010 5:22am May 17, 2010 5:22am
Quoting Bleek
I use naked 5m charts, just bars, all one colour.

I'm in short from 4400 for a scalp, 20 lots.
should be a good trade. I've put a short on at 396, will add to it above 400 for a scalp

I'm interested to know how you trade a naked chart. sounds difficult
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