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Cable Update (GBPUSD)

  • #248,001
  • Aug 23, 2010 8:08pm Aug 23, 2010 8:08pm
Quoting Magix
Gotta feeling you just gave away 20 pips here my friend.
hehehe....let see....but thanks anyway.green pips for you....
  • #248,002
  • Aug 23, 2010 8:09pm Aug 23, 2010 8:09pm
The 2 biggest mistake of a newby:
-Selling at the end of the range...
-and directly into support!


Later!
Attached Image (click to enlarge)
Click to Enlarge Name: 2biggestMistakes.jpg Size: 55 KB
"Flip that coin!"
  • #248,003
  • Aug 23, 2010 8:12pm Aug 23, 2010 8:12pm
Quoting Scipionz
The 2 biggest mistake of a newby:
-Selling at the end of the range...
-and directly into support!


Later!
yes it true....but it's depends on the TF that you're using and how much profit are you looking for....if you look on H4 yes this is support....but for me...this is resistance. it it goes my way...that good....if it's goes againts me....that fine.....
  • #248,004
  • Aug 23, 2010 8:17pm Aug 23, 2010 8:17pm
Quoting Scipionz
The 2 biggest mistake of a newby:
-Selling at the end of the range...
-and directly into support!


Later!
Agreed.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #248,005
  • Aug 23, 2010 8:20pm Aug 23, 2010 8:20pm
Quoting Mr.Elliott
yes it true....but it's depends on the TF that you're using and how much profit are you looking for....if you look on H4 yes this is support....but for me...this is resistance. it it goes my way...that good....if it's goes againts me....that fine.....
Nobody picking a fight here dude.
We all try to work together.

If that's what you see on your chart, play it. Your money....

We just trying to point stuff out is all.

"PATIENCE IS THE COMPANION OF WISDOM"
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #248,006
  • Aug 23, 2010 8:22pm Aug 23, 2010 8:22pm
Your call could be good, we need to undersand ourself.
And who am I to tell you what the market will do.... LOL!... No one...
I think you have room until 1.5380 maby...

But just talking about probability trade here.
I also use low TF as 1 min to scalp, but whit time I did start to choose the "ZONE" into witch I would long or short.

As Magix said, we are only talking about trading, not really arguing.

Wish you the best!
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"Flip that coin!"
  • #248,007
  • Aug 23, 2010 8:25pm Aug 23, 2010 8:25pm
Quoting Magix
Nobody picking a fight here dude.
We all try to work together.

If that's what you see on your chart, play it. Your money....

We just trying to point stuff out is all.

"PATIENCE IS THE COMPANION OF WISDOM"
sorry dude...no fighting here too....accept the comment from you and scipionz nicely...that what i see in my chart...yes...and i'm playing it...and of course my SL is protecting me from any bad trade...
well...i'm using M15 as my entry...so from my chart...1.5460 is the resistance and maybe i'm wrong.....but cheers....green pips for all...
  • #248,008
  • Aug 23, 2010 8:27pm Aug 23, 2010 8:27pm
Quoting Scipionz
Your call could be good, we need to undersand ourself.
And who am I to tell you what the market will do.... LOL!... No one...
I think you have room until 1.5380 maby...

But just talking about probability trade here.
I also use low TF as 1 min to scalp, but whit time I did start to choose the "ZONE" into witch I would long or short.

As Magix said, we are only talking about trading, not really arguing.

Wish you the best!
no heart feeling....all comments are welcome...we all wanna be rich together....
  • #248,009
  • Aug 23, 2010 8:30pm Aug 23, 2010 8:30pm
Quoting Magix
Nobody picking a fight here dude.
"
Nice to see a Canadian on the board!
Hi from Quebec here!

Regards mister Magix.

Quoting Mr.Elliott
no heart feeling....all comments are welcome...we all wanna (gonna) be rich together....
The day Capitalism will crash yes.... LOL
"Flip that coin!"
  • #248,010
  • Edited 8:53pm Aug 23, 2010 8:33pm | Edited 8:53pm
Quoting Mr.Elliott
sorry dude...no fighting here too....accept the comment from you and scipionz nicely...that what i see in my chart...yes...and i'm playing it...and of course my SL is protecting me from any bad trade...
well...i'm using M15 as my entry...so from my chart...1.5460 is the resistance and maybe i'm wrong.....but cheers....green pips for all...
Here's 2 of my 15m charts for comparison.

Again, Not telling you what to do, you are at least scalping in direction of the major, just thinking timing might be off for a tight stop is all.

Like sci said, you could be right.

I have taken my profit and scalped a couple northside already total 27 on 2 lots. Right now holding last single long and watching for exit about the same place as your SL.
Attached Image (click to enlarge)
Click to Enlarge Name: 15ms.jpg Size: 114 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #248,011
  • Aug 23, 2010 8:34pm Aug 23, 2010 8:34pm
My trade closed +101 and I am shorted again on break even, exactly how I posted before @ 1.5485 my stop @ break even, but if I stopped I planning again on short @ 1.5505...
  • #248,012
  • Aug 23, 2010 8:35pm Aug 23, 2010 8:35pm
Quoting Scipionz
Nice to see a Canadian on the board!
Hi from Quebec here!
Calgary here...

Regards Sci

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #248,013
  • Aug 23, 2010 8:41pm Aug 23, 2010 8:41pm
i just had a 10 pip trailing stop... got stopped out with a few pips.

Quoting mpurdy1973
im long now at 5443 with a 10 pip stop.
  • #248,014
  • Aug 23, 2010 8:44pm Aug 23, 2010 8:44pm
Quoting CableStrike
My trade closed +101 and I am shorted again on break even, exactly how I posted before @ 1.5485 my stop @ break even, but if I stopped I planning again on short @ 1.5505...
may i know why you gonna short again at 1.5505?is that fibo 50% area?thanks in advance....
  • #248,015
  • Aug 23, 2010 8:46pm Aug 23, 2010 8:46pm
i am now short 5456
  • #248,016
  • Aug 23, 2010 8:54pm Aug 23, 2010 8:54pm
Quoting Mr.Elliott
i'm shorting GU @ 1.5450 SL 5470...(-20pips) let see....
what is your TP
  • #248,017
  • Aug 23, 2010 8:59pm Aug 23, 2010 8:59pm
Quoting Vuraziq
what is your TP
because the signal came in from M15 chart...most likely i'll take 20-30pips (don't want to stay too long in the market) and most likely wait for another signal....usually if it coincides with my H4..i will let it run.....but for now....+30 pips is enough...now locked @BE+1
  • #248,018
  • Aug 23, 2010 9:01pm Aug 23, 2010 9:01pm
Quoting mpurdy1973
i am now short 5456
good call.....but don't be too long...in taking the profit...we never know where it will bounce.....good luck...
  • #248,019
  • Aug 23, 2010 9:26pm Aug 23, 2010 9:26pm
Quoting fourxtrader
Compression charts work best with EMA's vs others.

Dr. D.
Some might still be in this trade (~130 pips later)
triggered from the compression formation on the
15m (~1.5558). I wasn't around to follow this to
completion. I only caught part of the move down
well after the fakeout to 1.5578. It would have
been easy to be stopped out taking it early after
the release. Most good moves will pull back for a
second opportunity for entry. Now it's hard to tell
when and where it will pause and pull back before
continuing further down or retracing for a higher tf.

Dr. D.
Attached Image
  • #248,020
  • Aug 23, 2010 9:56pm Aug 23, 2010 9:56pm
Quoting Mr.Elliott
i'm shorting GU @ 1.5450 SL 5470...(-20pips) let see....
trade close....got my 30+ pips...see you guys at london....
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