Thanks buddy... Enough to buy miself a few BEERS this friday
more like buy the pub
Cable Update (GBPUSD)
- #240,221
- Jul 22, 2010 5:32am Jul 22, 2010 5:32am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
more like buy the pub
- #240,222
- Jul 22, 2010 5:32am Jul 22, 2010 5:32am
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
Don't be a hero. Don't have an ego. Always question yourself
- #240,223
- Jul 22, 2010 5:34am Jul 22, 2010 5:34am
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
All systems of divination, like music itself,work through patterns.
- #240,224
- Jul 22, 2010 5:35am Jul 22, 2010 5:35am
- Joined Jul 2009 | Status: Singleness of purpose: profit. | 1,298 Posts
Just taking some breath and building fresh base which could happen anywhere imo
- #240,225
- Jul 22, 2010 5:35am Jul 22, 2010 5:35am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Yep, I was expecting the same. It seems we have sell pressure @ 5280...does anyone have "something there" to explain it LOL!!!
its market dynamics..market has to make people second guess there position and allow the weak to jump or or off..sell..all there to create mess and illusions..stay focused or she gone rip a new hole
- #240,226
- Jul 22, 2010 5:37am Jul 22, 2010 5:37am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,050 Posts
1HR chart gave us an indecision candle, but due to the fact that it still bounced up and closed above the 100SMA, I would think shorts could be very risky right now. If this bar closes below the 100SMA, I might think we were headed for another 100 pips back down, but one step at a time. G/L
- #240,227
- Jul 22, 2010 5:39am Jul 22, 2010 5:39am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
its market dynamics..market has to make people second guess there position and allow the weak to jump or or off..sell..all there to create mess and illusions..stay focused or she gone rip a new hole
Hear the music before the song is over ...
- #240,228
- Jul 22, 2010 5:43am Jul 22, 2010 5:43am
Closed for 12 pip loss.. Paid the price for jumbin in when there is nothing attractive about the chart for the downside..
Not sure why I did thatThe chart doesn't look bad for the upside..
I will still keep my shorts with tight stop... 15-20 maximum stop loss
- #240,229
- Jul 22, 2010 5:43am Jul 22, 2010 5:43am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
no no, the w1 pvp & the bearish desc utl on the H1 stands in the way @5236.
we have to see that level cleared first before getting that luxury of enjoying the ride
price had cleared both mentioned resistance. 5304 might provide a spot of bother but, I won't bet against the current momentum.
Good luck fellas!
Thank You 
- #240,230
- Jul 22, 2010 5:44am Jul 22, 2010 5:44am
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
lol, patience , its been a strait move up , we have to let some averages get caught up , I know you used to scalp a bit so this is a scalping 101 class chart lol. I think you are trying to focus more on longer time frames now , just have to remember you need to think patience more on longer time frames . any how thought you might get a kick out this . Scalping its always best to go with the longer trend if there is one and you want to know where your important daily levels are ,
I think I liked scalping because I was impatient and thought I should amke tons of money right now, but the more I did it, the more I like the idea of just sitting here in a trade and just managing it. lol
It took me a while to realize that even on the 4Hr chart, you can easily get 4:1 reward to risk, and that can add up fast and all I have to do is show up and decide where to move my stops.
So.. still short on the patience, but perhaps that will get better as I learn more about choosing targets and other things.
"Keep your eyes on the helpers" - Mr. Rogers
- #240,231
- Edited 6:06am Jul 22, 2010 5:50am | Edited 6:06am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
......................
It took me a while to realize that even on the 4Hr chart, you can easily get 4:1 reward to risk, and that can add up fast and all I have to do is show up and decide where to move my stops.
So.. still short on the patience, but perhaps that will get better as I learn more about choosing targets and other things.
Hear the music before the song is over ...
- #240,233
- Jul 22, 2010 5:52am Jul 22, 2010 5:52am
- Joined Jul 2009 | Status: Singleness of purpose: profit. | 1,298 Posts
okay. time to enjoy the ride
price had cleared both mentioned resistance. 5304 might provide a spot of bother but, I won't bet against the current momentum.
Good luck fellas!
- #240,234
- Jul 22, 2010 5:54am Jul 22, 2010 5:54am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)
- #240,236
- Jul 22, 2010 5:55am Jul 22, 2010 5:55am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
okay. time to enjoy the ride
price had cleared both mentioned resistance. 5304 might provide a spot of bother but, I won't bet against the current momentum.
Good luck fellas!
jmho
- #240,237
- Jul 22, 2010 5:55am Jul 22, 2010 5:55am
- Joined Mar 2009 | Status: FX | 3,789 Posts
I still got this TL to the test of 5334.
Nice work
Veni, Vidi, Vici (We came, we saw, we conquered)
- #240,238
- Jul 22, 2010 5:56am Jul 22, 2010 5:56am
- Joined Jul 2009 | Status: Singleness of purpose: profit. | 1,298 Posts
- #240,239
- Jul 22, 2010 5:58am Jul 22, 2010 5:58am
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- #240,240
- Jul 22, 2010 6:00am Jul 22, 2010 6:00am
- Joined Jul 2009 | Status: Singleness of purpose: profit. | 1,298 Posts
You just bet me to the punch on your chart post...
Nice work
