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Cable Update (GBPUSD)

  • #243,241
  • Aug 4, 2010 12:24pm Aug 4, 2010 12:24pm
Quoting egkid
Hi
Last Long position Add 1.5165 TP 1.5780
Not marry to my positions but i see nothing to change my Plan.

Edit:My Post Before the week start here
http://www.forexfactory.com/showpost...&postcount=101
Here it's My Chart and My Next Target
Attachment

One Last thing :
As always says "I could b wrong don't follow me follow ur Chart
Enjoy
GL
Quoting egkid
Not convinced take Buy@ 1.5890
will wait till my 4h close and checking
All positions Closed@ 1.5870
profit 2250 pip for 5 positions

Done
Catch u later
  • #243,242
  • Aug 4, 2010 12:24pm Aug 4, 2010 12:24pm
Quoting cloggie
Why do I need to repeat 3 perfect scenarios one that I even further quantified with intermediate levels that can be traded from here?

This is not Cloggie's trading journal. Trade your own plan, strategy and MM.
Not looking for advice on when to trade but I was wondering do you always use a line chart instead of a candle chart when drawing trend lines? Do you trade watching the line chart? You are the only one that posts line charts.
  • #243,243
  • Aug 4, 2010 12:26pm Aug 4, 2010 12:26pm
Quoting mdiz2
Not looking for advice on when to trade but I was wondering do you always use a line chart instead of a candle chart when drawing trend lines? Do you trade watching the line chart? You are the only one that posts line charts.

I use the linecharts to identify larger SR's and trends, it makes it a bit more visual. I trade on Bar and candle charts on intra day basis, Bars for larger trend moves and candles for shorter intraday and CT's
  • #243,244
  • Aug 4, 2010 12:27pm Aug 4, 2010 12:27pm
Quoting cloggie
That's it, at every price level you should have different scenarios planned that you have researched and thought about and that you will follow blindly once one of them occur. That in a nutshell is trading with no bias and no emotion. Each scenario should have properly researched and warranted levels of intermediate play that you can use to either move your stops or take your profit.

Once a trend is established the levels become greater and easier to spot. Right now we are countertrending of the larger trend and you should be very careful in what...
LTL still hold nicely 5853. Think going be range 5853-5885 a while 1st

Quoting egkid
All positions Closed@ 1.5870
profit 2250 pip for 5 positions

Done
Catch u later
Nice one bro. Will be happy weekend for you.
  • #243,245
  • Aug 4, 2010 12:28pm Aug 4, 2010 12:28pm
Quoting egkid
All positions Closed@ 1.5870
profit 2250 pip for 5 positions

Done
Catch u later



Well done eg!
  • #243,246
  • Aug 4, 2010 12:29pm Aug 4, 2010 12:29pm
Quoting special0nefx
LTL still hold nicely 5853. Think going be range 5853-5885 a while 1st

That's it, shows you how critical the right TL and ranges are in day trading and how relying on assbackwards Indy's just takes away from that what really moves currencies; price
  • #243,247
  • Aug 4, 2010 12:29pm Aug 4, 2010 12:29pm
Quoting cloggie
That's it, at every price level you should have different scenarios planned that you have researched and thought about and that you will follow blindly once one of them occur. That in a nutshell is trading with no bias and no emotion. Each scenario should have properly researched and warranted levels of intermediate play that you can use to either move your stops or take your profit.

Once a trend is established the levels become greater and easier to spot. Right now we are countertrending of the larger trend and you should be very careful in what...
Thanks, always have an image of the Previous PA and significant areas so that I'm not completely surprised by any movements but sometimes I don't have enough foresight in my planning. Something to work on for sure.

Not sure what part of the UK you are in but if you're in London Town I'll happily buy you a drink (now that I am picking up enough pips to afford to buy!).
  • #243,248
  • Aug 4, 2010 12:31pm Aug 4, 2010 12:31pm
break of 1.5850 could accelerate the decline and hint for a reversal to possibly 200 SMA prior to further rally but given important event risks tomorrow (BOE rate decision) and NFP on Friday, one should be careful with use of excessive leverage.

Happy trading!
  • #243,249
  • Aug 4, 2010 12:33pm Aug 4, 2010 12:33pm
Quoting subterfuge
newb here.
Gonna try a long here at 1.5832. Market only seems to want to go up and so maybe this dip is a gift.
Stop at 1.5760

Quoting subterfuge
closing here for +40

Quoting subterfuge
long again 1.5906
Quoting subterfuge
Closing that here for +23
Quoting subterfuge
short 1.5950
15pip stop

Quoting subterfuge
dont like it.
out here for +5 (offered me about 20 )

Quoting subterfuge
short 1.5888
20 pip stop
Quoting subterfuge
out here at 1.5864 for +24
Posting in this forum has brought me luck is seems.
  • #243,250
  • Aug 4, 2010 12:33pm Aug 4, 2010 12:33pm
Quoting Magic Hat
Thanks, always have an image of the Previous PA and significant areas so that I'm not completely surprised by any movements but sometimes I don't have enough foresight in my planning. Something to work on for sure.

Not sure what part of the UK you are in but if you're in London Town I'll happily buy you a drink (now that I am picking up enough pips to afford to buy!).

When there is no news, there should be no surprises just the materialising of different scenarios that you planned before you took your trade. Once you get the hang of reading the price, levels become pretty easy to find and your trading becomes a lot simpler. Finding the right levels keeps you from leaving money on the table and keeps you on the right side of the market most of the times.

I'll pass on the drink, but thanks. I am just trying hard to keep the retailers from throwing money in the ditch when it is so unnecessary.

Look where we are now, we reached the earlier fake 'n shake to the pip and we reached my TL to the pip.
  • #243,251
  • Aug 4, 2010 12:35pm Aug 4, 2010 12:35pm
Quoting egkid
All positions Closed@ 1.5870
profit 2250 pip for 5 positions

Done
Catch u later
Good day to you,

Very well done. Top man.

Wish you success
  • #243,252
  • Aug 4, 2010 12:36pm Aug 4, 2010 12:36pm
Quoting cloggie
Scenario 3 is playing out now, levels to watch are the earlier fake out at 5861 and the lTL at roughly 5853. A pure If-Then setup, If 5861 gives 5853 is next, If 5861 holds, this is another fake 'n shake. How do you know, look at your M5 and let the PA tell you. Watch the candles, the clue is in there.

Scenario 3 completed within a pip. Now go find the next one. I am done spelling out each and every trade for a while, takes too much of my time.
Attached Image (click to enlarge)
Click to Enlarge Name: today's play 36.gif Size: 19 KB
  • #243,253
  • Aug 4, 2010 12:41pm Aug 4, 2010 12:41pm
Quoting cloggie
Scenario 3 completed within a pip. Now go find the next one. I am done spelling out each and every trade for a while, takes too much of my time.
Nice call and analysis with details...Remember lock pips while +ve, always close in green pips
  • #243,254
  • Aug 4, 2010 12:44pm Aug 4, 2010 12:44pm
Here is the next scenario play, you guys can find the if-thens.
Attached Image (click to enlarge)
Click to Enlarge Name: today's play 37.gif Size: 22 KB
  • #243,255
  • Aug 4, 2010 12:46pm Aug 4, 2010 12:46pm
lets see stops above yesterdays top range..see you at 61.8 fib cloogie ....pa seems to be playing that....
Quoting cloggie
Scenario 3 completed within a pip. Now go find the next one. I am done spelling out each and every trade for a while, takes too much of my time.
We cannot direct the winds but we can adjust our sail.
  • #243,256
  • Aug 4, 2010 12:49pm Aug 4, 2010 12:49pm
Quoting special0nefx
LTL still hold nicely 5853. Think going be range 5853-5885 a while 1st

Nice one bro. Will be happy weekend for you.
Quoting kimd
Well done eg!
Quoting TauTrader
Good day to you,

Very well done. Top man.

Wish you success
Thanks
Wish much green ++ to all buddies
Catch u next week
Trade safe
  • #243,257
  • Aug 4, 2010 1:11pm Aug 4, 2010 1:11pm
Just doing this for a laugh. It has form a price channel and I use fib to project the destination. Its one minute chart so highly unreliable.
Attached Image (click to enlarge)
Click to Enlarge Name: project.png Size: 36 KB
  • #243,258
  • Aug 4, 2010 1:26pm Aug 4, 2010 1:26pm
Quoting posterboy
lets see stops above yesterdays top range..see you at 61.8 fib cloogie ....pa seems to be playing that....

That's one of my longer plays, all depends on 5855-ish. So far the daily could still form a Bullish side by side.
  • #243,259
  • Edited 1:30pm Aug 4, 2010 1:28pm | Edited 1:30pm
but let the Pa tell u the complete story any ways ..iam going short stops iam a little worried..dig advice on stops....
Attached Image (click to enlarge)
Click to Enlarge Name: hh.gif Size: 16 KB
We cannot direct the winds but we can adjust our sail.
  • #243,260
  • Edited 1:32pm Aug 4, 2010 1:31pm | Edited 1:32pm
there you go baby.....stops is just one puzzle here ....required assistance
Attached Image (click to enlarge)
Click to Enlarge Name: hh2.gif Size: 13 KB
We cannot direct the winds but we can adjust our sail.
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