Now anyone can tell me how stupid I am. Ok, I'm ready.
Thank You 
Cable Update (GBPUSD)
- #245,241
- Aug 12, 2010 7:10am Aug 12, 2010 7:10am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
- #245,242
- Aug 12, 2010 7:10am Aug 12, 2010 7:10am
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
I took a long at 1.5568.
I think there is a confluence of too much support at 1.5540/50.
Now anyone can tell me how stupid I am. Ok, I'm ready.
I closed my remaining short too.
*******************
I'd rather make money than be right.
- #245,243
- Aug 12, 2010 7:11am Aug 12, 2010 7:11am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
it's safer to sell than to buy atm. The D1 gave away clues at the open
We have a the ltl and the 200ma on h4 to contend with, but I will wait to see how it reacts to this level first before I pull the long trigger, otherwise if it does get broken it will be shorts on any pullbacks on the h4 for me
With all this end of the world news coming out, lol, risk taking has taken a back seat and people are going back to the safe havens, risk aversion. (Get it right Bakker!) Sometimes you can't make this stuff up anymore LOL, although I try!
Plenty of long-term long orders triggered around 1.5565 mark, but I am sitting on my hands at the moment for any longs.
Hope you have a great day.
- #245,246
- Aug 12, 2010 7:13am Aug 12, 2010 7:13am
- Joined Aug 2009 | Status: Technical fundamentalist | 2,202 Posts
Author of: For Pip's Sake! (Available at Amazon... :-) )
- #245,250
- Aug 12, 2010 7:18am Aug 12, 2010 7:18am
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
Well... Howdy, Stranger!
It is an area of interest for me too on h4 as per my chart.
Attachment
We have a the ltl and the 200ma on h4 to contend with, but I will wait to see how it reacts to this level first before I pull the long trigger, otherwise if it does get broken it will be shorts on any pullbacks on the h4 for me
With all this end of the world news coming out, lol, risk taking has taken a back seat and people are going back to the safe havens, risk aversion. (Get it right Bakker!) Sometimes you can't make this stuff up anymore LOL, although I...
*******************
I'd rather make money than be right.
- #245,251
- Aug 12, 2010 7:23am Aug 12, 2010 7:23am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
- #245,253
- Aug 12, 2010 7:24am Aug 12, 2010 7:24am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
It is an area of interest for me too on h4 as per my chart.
Attachment
We have a the ltl and the 200ma on h4 to contend with, but I will wait to see how it reacts to this level first before I pull the long trigger, otherwise if it does get broken it will be shorts on any pullbacks on the h4 for me
With all this end of the world news coming out, lol, risk aversion has taken a back seat and people are going back to the safe havens. Sometimes you can't make this stuff up anymore LOL.
Plenty of long-term long orders triggered...
I'm staying short & I'm going with the D1 posted earlier. The crows are good friends of the bears. Price is also currently below 5590. It's very risky to buy under resistance imo.
Thank You
- #245,254
- Aug 12, 2010 7:25am Aug 12, 2010 7:25am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Dude, that is hilarious!
13013th edition..
Thank You
- #245,255
- Aug 12, 2010 7:27am Aug 12, 2010 7:27am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
Well... Howdy, Stranger!
I have been very busy formulating all the tools required for trading over these last couple of months -1. The Trading Plan
2. The Trading Journal
3. The Trading Daily Analysis Worksheet
It is taking time to complete, but I want to make sure that I can answer all the questions the Forex market will throw at me, so that I know what to do in every situation that arises. In the mean time I have been doing about one trade a week to ask me those questions.
BTW, I have had to switch from day trading to swing trading on h4 and higher tfs, as I have no MT4 price feeds at work. They took it away from me, but I am working from home today
How have you been? Trading well? Following Cloggie's advice? Cloggie is a fountain of knowledge and I have much respect for the man.
Trade well and be good!
- #245,259
- Aug 12, 2010 7:34am Aug 12, 2010 7:34am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
I don't use mas brian
I'm staying short & I'm going with the D1 posted earlier. The crows are good friends of the bears. Price is also currently below 5590. It's very risky to buy under resistance imo.
Only joking my friend. Candlesticks are a very useful part of the trading arsenal and I am using them as part of my confluence and factors to support the argument of my direction.
The bears are definitely back at the party which is why I am waiting to see how it reacts to my level between 5542 and 5568. If it breaks through 5542, I will be trying to join the bears on any pull backs! No point in going short right this minute when looking at the h4!
Keep up the great work buddy and keep them green pips coming!