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Cable Trading (Serious Trading No Jokes)

  • #341
  • Jul 1, 2010 8:28am Jul 1, 2010 8:28am
Quoting callim22
Hi bro, you are right in your way too. Prices does moves up and down. Thus, there is no right or wrong in buying on a dip when upward momentum resumes (trend continuation) or selling it down when upward momentum dies off (reversal). To me, it is a matter of whether we are able to get in at the right time when the move starts in either way.

Anyway, I should be having 140 pips of profit now. Missed 1.4880 and 1.5025 now. Bang bang bang.. Head so pain
4878, thats where I close my shorts! Couldnt bite the bullet and go long though it was very good in hindsight

The data messed up my shorts at 5020s. I too was quick on trigger, bad me. I had anticipated some pushback to higher levels as you cant hit the top perfectly. However, it is correctly positonsized, meaning I have pain-balm on hand for my headache.
  • #342
  • Jul 1, 2010 8:58am Jul 1, 2010 8:58am
What I said the GU average daily range low for the 1st few days of the week--
And I did say today will hope to see 200 pips high to low-- mission accomplish
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #343
  • Jul 1, 2010 9:35am Jul 1, 2010 9:35am
Crazy spike.. Stopped out.
  • #344
  • Jul 1, 2010 9:49am Jul 1, 2010 9:49am
Quoting falkor
Crazy spike.. Stopped out.
I totally agreed that it is a crazy spike but it would have work well for me if I have managed to be on my computer. 250 pips since noon till now... (if only if I was on my computer..)

I'm going to get a pail to drown myself...
  • #345
  • Jul 1, 2010 9:51am Jul 1, 2010 9:51am
Quoting zamanib
What I said the GU average daily range low for the 1st few days of the week--
And I did say today will hope to see 200 pips high to low-- mission accomplish
Bro, I don't really understand your way of trading but correct me if I'm wrong. Am I right to say that you use the bottom and top of daily range to determine your SL and TP?
  • #346
  • Jul 1, 2010 10:05am Jul 1, 2010 10:05am
Crazy week for me , I hope to break even this week Lost 1 more tarde today selling EU , I entered long again GU made 135 Pips and entered long euro waiting to see of the price moves up to 12500 , If happened I will make anther 150 pips.
But this is a bad week so far playing catch up game.




Quoting forexlion
hit sl -15

oh well, i will live to trade another day
  • #347
  • Jul 1, 2010 10:20am Jul 1, 2010 10:20am
Finally the spike has started to cool off. Upside for GU seems to get limited again. I'm in for short at 1.5130. Bearish divergence starting to appear in M1 and M5. I'll just target for a 50% retracement this time round. Hehe..

Wish myself luck this time round. Don't want to bang head again.
  • #348
  • Jul 1, 2010 10:32am Jul 1, 2010 10:32am
damn, this spike just won't stop
  • #349
  • Jul 1, 2010 10:32am Jul 1, 2010 10:32am
Quoting callim22
I totally agreed that it is a crazy spike but it would have work well for me if I have managed to be on my computer. 250 pips since noon till now... (if only if I was on my computer..)

I'm going to get a pail to drown myself...
Oh! I only wish I was in the right direction of the spike! However I just gave back what I had made in cable shorts this week. Still positive for the week.. live to fight another day.

Need a pail myself and listen to some music. Cheers bro.
  • #350
  • Jul 1, 2010 11:08am Jul 1, 2010 11:08am
Quoting callim22
Finally the spike has started to cool off. Upside for GU seems to get limited again. I'm in for short at 1.5130. Bearish divergence starting to appear in M1 and M5. I'll just target for a 50% retracement this time round. Hehe..

Wish myself luck this time round. Don't want to bang head again.
whats your idea, how much she can fall ?
  • #351
  • Edited 12:23pm Jul 1, 2010 11:37am | Edited 12:23pm
Quoting callim22
Finally the spike has started to cool off. Upside for GU seems to get limited again. I'm in for short at 1.5130. Bearish divergence starting to appear in M1 and M5. I'll just target for a 50% retracement this time round. Hehe..

Wish myself luck this time round. Don't want to bang head again.
Good luck man. I got regular MACD signals going on lower TFs, but no readings on div. Bull too strong for me to go in just on that stuff.

Here's a tool for anyone who wants it. Automatically detects and draws divergences, and puts little arrows on your chart where it indicates buy or sell. It picks up some stuff I'd never find myself.


Settings have some fib numbers on there. Might want to change them to standard 12, 26, 9. Think its better.
Attached File(s)
File Type: ex4 FX5_MACD_Divergence_V1.1.ex4   11 KB | 230 downloads
  • #352
  • Jul 1, 2010 1:13pm Jul 1, 2010 1:13pm
Quoting callim22
Bro, I don't really understand your way of trading but correct me if I'm wrong. Am I right to say that you use the bottom and top of daily range to determine your SL and TP?
What I mean -- there is daily average range for GU-- I think any from 150-- 250 pips I am talking from 00 am to 1159pm NY time from high to low.
I have notice when it range is low for day or two expect 200 pips move or more in the next day or so.

I also use this so set potential target-- where to expect price to move -- also used S/R and round numbers-- 00 and 50 levels

I hope this is clear
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #353
  • Jul 1, 2010 1:25pm Jul 1, 2010 1:25pm
Quoting forexlion
damn, this spike just won't stop
I dont understand your trades somtimes you have very good system why you are not following it
Attached Image (click to enlarge)
Click to Enlarge Name: fxlion.gif Size: 14 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #354
  • Jul 1, 2010 9:23pm Jul 1, 2010 9:23pm
Major R here ,
Attached Image (click to enlarge)
Click to Enlarge Name: GUR.png Size: 29 KB
  • #355
  • Jul 1, 2010 9:47pm Jul 1, 2010 9:47pm
Quoting tazzam72
Major R here ,

if it fails to break do you see a big bear run back down to test 1.43 lows?
  • #356
  • Jul 1, 2010 9:53pm Jul 1, 2010 9:53pm
I am waiting for London open to see where price is --- 15200 break or 15150 break --- Round numbers 00 & 50 could play S/R -- Plus Big news today--
Stick to you rules -- and what the price is telling you on the charts
On a 1hr chart 34 EMA (h l c) like gold line or oil lines in the desert.
Attached Image (click to enlarge)
Click to Enlarge Name: june18gu.gif Size: 23 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #357
  • Jul 1, 2010 9:55pm Jul 1, 2010 9:55pm
2nd chart -- more aggressive
Attached Image (click to enlarge)
Click to Enlarge Name: june18gu.gif Size: 22 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #358
  • Jul 1, 2010 10:02pm Jul 1, 2010 10:02pm
You need to bereful , tommorow is the Non-Farm Employment Change Report London will act funny waiting or NY to open. I am not trading until July 5 , , Banks are close here ( Sat,Sun &Mon) for 4th of July holiday.
  • #359
  • Jul 1, 2010 10:36pm Jul 1, 2010 10:36pm
4 H possibe reversal soon , No sginal yet
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 32 KB
  • #360
  • Jul 2, 2010 12:58am Jul 2, 2010 12:58am
http://img818.imageshack.us/img818/7738/85429313.gif
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