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Cable Update (GBPUSD)

  • #236,661
  • Jul 8, 2010 6:08pm Jul 8, 2010 6:08pm
Ok I am getting tired of holding my GU short and watching it do absolutely nothing for hours on end .. I will close it shortly ... so the rest of you be prepared for a major drop just after I do that
******************* I'd rather make money than be right.
  • #236,662
  • Jul 8, 2010 6:12pm Jul 8, 2010 6:12pm
Quoting 4xStar
Ok I am getting tired of holding my GU short and watching it do absolutely nothing for hours on end .. I will close it shortly ... so the rest of you be prepared for a major drop just after I do that
Yeah... nothing yet.. but still open and watching...
"Keep your eyes on the helpers" - Mr. Rogers
  • #236,663
  • Jul 8, 2010 6:17pm Jul 8, 2010 6:17pm
Quoting 4xStar
I know, at a certain point you have to just convince yourself to stick with what is working .. that said, I can never resist checking out a new template or indy .. just in case
There has been a lot of lull moments...and in that time I do exactly the same. Apply something and then see if I can apply it...

I have gotten to the point where I had to delete indicators to try new ones...meta4 will only run so many.

I have deleted hundreds of trial templates that just needed a tweak or 2 and was changed in a next version.

Taking some time to go through the EA scripts has been an asset. Using the logic and some of the indicators that I have never come across has been another step in the journey of trading for me. Anything that grabs another pip per trade or helps me get out of a loser faster is all good, but it does get to be a little much.

I still have the first template I build a couple years back and always keep coming back to the same. Taking what I have found and applying the same logic. Everyday it just seems to get a little better.

Maybe I am heading into that Neo zone in the Matrix of Forex...the indies aside and just read the code of price action...try not to change the flow or pick the tops and bottoms, just ride the waves.

I have had my name passed along to a Broker to work direct, which could be exiting. Every trade a few more dollars, every day a new opportunity.

Gawsh, I effin love this game!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #236,664
  • Jul 8, 2010 6:28pm Jul 8, 2010 6:28pm
Blown up a bit, for visual, but I believe the two horizontal purple lines make up a good support/resistence channel... we seemed to not be able to push through this on the low volume that brought us up from the bottom. I am thinking it will take high volume to push us through this and to get that, we will have to head back to the bottom.

I'm going to risk my profit on my short trade to see if this plays out and heads shorter, because for some reason I am seeing a lower push before we move higher....

Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 27 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #236,665
  • Jul 8, 2010 6:56pm Jul 8, 2010 6:56pm
is that a tweezer on the H4?
  • #236,666
  • Jul 8, 2010 6:58pm Jul 8, 2010 6:58pm
Quoting clientfx
is that a tweezer on the H4?
No.... A tweezer has basically the same high, low and body size as the previous bar.
"Keep your eyes on the helpers" - Mr. Rogers
  • #236,667
  • Jul 8, 2010 7:06pm Jul 8, 2010 7:06pm
Quoting damonl
No.... A tweezer has basically the same high, low and body size as the previous bar.

my chart looks like this
Attached Image (click to enlarge)
Click to Enlarge Name: gum2-2.gif Size: 19 KB
  • #236,668
  • Jul 8, 2010 7:10pm Jul 8, 2010 7:10pm
Quoting clientfx
my chart looks like this
Nope... that is a bullish engulfing bar unless I am mistaken... that example does not have a low even close to the low of the previous bar...
"Keep your eyes on the helpers" - Mr. Rogers
  • #236,669
  • Jul 8, 2010 7:14pm Jul 8, 2010 7:14pm
Attached Image (click to enlarge)
Click to Enlarge Name: h1.gif Size: 41 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #236,670
  • Jul 8, 2010 7:18pm Jul 8, 2010 7:18pm
Quoting damonl
Nope... that is a bullish engulfing bar unless I am mistaken... that example does not have a low even close to the low of the previous bar...

ok thanks

im gonna short if zigzag signal triggered on my H1

but on M30 buy signal triggered with thight SL
Attached Images
  • #236,671
  • Jul 8, 2010 7:28pm Jul 8, 2010 7:28pm
Thinking about having a little fun with this one...

A close below 51486.... if price than goes back up and hits 51486, going to enter another short

I know.. getting full of myself now right.. lol well.. going to do it anyway! lol

Anyone have other thoughts?????

Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 31 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #236,672
  • Jul 8, 2010 7:36pm Jul 8, 2010 7:36pm
30 pips was not bad lets see if we break the 30's
  • #236,673
  • Jul 8, 2010 7:41pm Jul 8, 2010 7:41pm
On decission sell down to low 1 (1.51007)

Break 1.51007 may downside movement

See the ichimoku span
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.JPG Size: 162 KB
study of behavior and mind,conscious and unconscious
  • #236,674
  • Jul 8, 2010 7:43pm Jul 8, 2010 7:43pm
Quoting damonl
Thinking about having a little fun with this one...

A close below 51486.... if price than goes back up and hits 51486, going to enter another short

I know.. getting full of myself now right.. lol well.. going to do it anyway! lol

Anyone have other thoughts?????

Attachment
right idea. should've taken it on the first thought tho
Attached Image (click to enlarge)
Click to Enlarge Name: gu5.gif Size: 24 KB
Thank You
  • #236,675
  • Jul 8, 2010 7:46pm Jul 8, 2010 7:46pm
Quoting wormboy
right idea. should've taken it on the first thought tho
all good wormboy.... still short from 51643... I am seeing a head and shoulders set up in the making..., but I still think we have a ways to go.. pick your chart and you will see it! Rising neckline.. this should go beneath the low of the left shoulder, and I am guessing that will be the 200 sma.. then long and I am going to bed..
"Keep your eyes on the helpers" - Mr. Rogers
  • #236,676
  • Jul 8, 2010 7:51pm Jul 8, 2010 7:51pm
Quoting clientfx
ok thanks

im gonna short if zigzag signal triggered on my H1

but on M30 buy signal triggered with thight SL

sl hit..now short..
  • #236,677
  • Jul 8, 2010 7:52pm Jul 8, 2010 7:52pm
Quoting damonl
Thinking about having a little fun with this one...

A close below 51486.... if price than goes back up and hits 51486, going to enter another short

I know.. getting full of myself now right.. lol well.. going to do it anyway! lol

Anyone have other thoughts?????

Attachment
calling this extra trade off.... once it comes back.. I am thinking it will not stop....
"Keep your eyes on the helpers" - Mr. Rogers
  • #236,678
  • Jul 8, 2010 8:04pm Jul 8, 2010 8:04pm
Attached Image (click to enlarge)
Click to Enlarge Name: 5m cable.gif Size: 14 KB
  • #236,679
  • Jul 8, 2010 8:11pm Jul 8, 2010 8:11pm
Quoting damonl
all good wormboy.... still short from 51643... I am seeing a head and shoulders set up in the making..., but I still think we have a ways to go.. pick your chart and you will see it! Rising neckline.. this should go beneath the low of the left shoulder, and I am guessing that will be the 200 sma.. then long and I am going to bed..


I just take the first setup on asia & take the money on the first exit tbh. Asia session is my kryptonite. I stay on any longer than the first setup, I usually end up losing money.
So .. got my money, going to bed now before I give it back to the sharks. Will be back at lo.
Hope you have a great day damon. Good luck!
Thank You
  • #236,680
  • Jul 8, 2010 8:13pm Jul 8, 2010 8:13pm
Quoting kill56
Are you out?
"Keep your eyes on the helpers" - Mr. Rogers
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