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Cable Update (GBPUSD)

  • #241,481
  • Jul 28, 2010 6:46am Jul 28, 2010 6:46am
Happy Belated Birthdays to Cloggie & Digger! I'm sure your combined ages are still under 100.
Attached Image
******************* I'd rather make money than be right.
  • #241,482
  • Jul 28, 2010 6:49am Jul 28, 2010 6:49am
Quoting 4xStar
Happy Belated Birthdays to Cloggie & Digger! I'm sure your combined ages are still under 100.
ha ha , thnx 4xStar
  • #241,483
  • Jul 28, 2010 6:49am Jul 28, 2010 6:49am
Quoting cloggie
There is even a better one, I call it the FFMuppetCT-Indy.
They ought to include that one in the next release of MT4.
It would be easy to code .. every time price makes a new high on 5m a little pic of a head lice appears.
And everytime price makes a new low a little pic of ... ok, never mind....
******************* I'd rather make money than be right.
  • #241,484
  • Jul 28, 2010 6:49am Jul 28, 2010 6:49am
So whilst it is quiet I will explain my current terrible short.

Playing well last week and looking at my best week in a long time. I then had to pop out for a couple of hours and on a quick dash back discovered that the market had touched the upper 4h trendline and was pulling back off of it. A quick short and pop out again. When I came back I realised I had in fact left the screen on the 30m NOT 4h and by then my short was way in trouble.

Lesson learned.
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  • #241,485
  • Jul 28, 2010 6:54am Jul 28, 2010 6:54am
Quoting Uphios
So whilst it is quiet I will explain my current terrible short.

Playing well last week and looking at my best week in a long time. I then had to pop out for a couple of hours and on a quick dash back discovered that the market had touched the upper 4h trendline and was pulling back off of it. A quick short and pop out again. When I came back I realised I had in fact left the screen on the 30m NOT 4h and by then my short was way in trouble.

Lesson learned.
ouch , patience pays wether its waiting for a set-up or taking the time to check little things like tht
  • #241,486
  • Jul 28, 2010 6:56am Jul 28, 2010 6:56am
Quoting LetsTrade
Just gone short
Many happy returns!
  • #241,487
  • Jul 28, 2010 7:02am Jul 28, 2010 7:02am
Blimey this has been a boring day so far, none of the majors have gone anywhere. Merve the Swerve gave us the only action so far on cable. Euro keeps hugging the 30, with rumours of a vanilla at 285, so that may give us a bit of action once NY opens.
  • #241,488
  • Jul 28, 2010 7:05am Jul 28, 2010 7:05am
Quoting Bitstream
Target hit, got out with 30ish pips!
I calculated that Bitstream made 3030 in3 years: 101post х 30pips during his 3 years membership. See his post and reaction
  • #241,489
  • Jul 28, 2010 7:07am Jul 28, 2010 7:07am
big kaboom coming!
Thank You
  • #241,490
  • Jul 28, 2010 7:09am Jul 28, 2010 7:09am
Quoting wormboy
big kaboom coming!
  • #241,491
  • Jul 28, 2010 7:13am Jul 28, 2010 7:13am
Quoting digger1
an extra 35 dollars a day is nice , 3030 divided by 36 months =84 pips a month roughly 3.5 pips a day 35 dollars extra , much better than paying 35 for sure per one full lot
Bitstream made it!
30 х 101 = 3030
  • #241,492
  • Jul 28, 2010 7:20am Jul 28, 2010 7:20am
Well my post seems to have annoyed some in the room... Didn't mean to rub anyone the wrong way... Anyway action is restricted purely to scalps between the fib lines but thats going to stop right now before the news. Good trading to all!
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  • #241,493
  • Jul 28, 2010 7:21am Jul 28, 2010 7:21am
Quoting cloggie
Yeah, it is an M16 shooting blanks.
oh yeah, that explains.
  • #241,494
  • Jul 28, 2010 7:21am Jul 28, 2010 7:21am
Quoting digger1
we getting paid dig!
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Thank You
  • #241,495
  • Jul 28, 2010 7:22am Jul 28, 2010 7:22am
Quoting Bitstream
Well my post seems to have annoyed some in the room... Didn't mean to rub anyone the wrong way... Anyway action is restricted purely to scalps between the fib lines but thats going to stop right now before the news. Good trading to all!
hey bitstream, which bottom indicator is that??
  • #241,496
  • Jul 28, 2010 7:24am Jul 28, 2010 7:24am
Quoting Uphios
So whilst it is quiet I will explain my current terrible short.

Playing well last week and looking at my best week in a long time. I then had to pop out for a couple of hours and on a quick dash back discovered that the market had touched the upper 4h trendline and was pulling back off of it. A quick short and pop out again. When I came back I realised I had in fact left the screen on the 30m NOT 4h and by then my short was way in trouble.

Lesson learned.

Ouch. Yeah, lesson learnt.
  • #241,497
  • Jul 28, 2010 7:24am Jul 28, 2010 7:24am
sonofabeech! stop coming back up!! bloody breakout already!! grrr
Thank You
  • #241,498
  • Jul 28, 2010 7:25am Jul 28, 2010 7:25am
Quoting Bitstream
Well my post seems to have annoyed some in the room... Didn't mean to rub anyone the wrong way... Anyway action is restricted purely to scalps between the fib lines but thats going to stop right now before the news. Good trading to all!
In line with fun I wish you many happy returns of +30 pips
  • #241,499
  • Jul 28, 2010 7:25am Jul 28, 2010 7:25am
Quoting witsnpips
hey bitstream, which bottom indicator is that??
Those are Pallada Bars, you can search for them on Forex TSD. However, this indicator will get u killed in a range market like this so beware.
  • #241,500
  • Jul 28, 2010 7:28am Jul 28, 2010 7:28am
Quoting GlobalMacro
Here is a snapshot of cable...there is a prominent broadening top forming on M30...
Guys be careful!!! what these patterns usually indicate is market indecision and could break out either way with a vengeance...
Hear the music before the song is over ...
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