FX, I must admit without your screenshots of your account your post are actually making sense and contributing to the debate here. If I haven't done so, welcome to the asylum. Next is posting a few charts here......
Cable Update (GBPUSD)
- #248,681
- Aug 25, 2010 11:43am Aug 25, 2010 11:43am
- #248,682
- Aug 25, 2010 11:43am Aug 25, 2010 11:43am
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
Verily, in every difficulties there is relief
- #248,683
- Aug 25, 2010 11:46am Aug 25, 2010 11:46am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #248,684
- Aug 25, 2010 11:46am Aug 25, 2010 11:46am
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
Verily, in every difficulties there is relief
I see... I thought the pair might be able to visit my upper BB boundary in 4H TF... If it is traded ranging in respect to the channel, I'll say it is still possible for some fresh air up above before hit and drown...
Still flat for today, but bull sentiment is stronger a moment ago...
Still flat for today, but bull sentiment is stronger a moment ago...
the h4 is forming a bearish pennant. Only a breach of 5525 will invalidate the pattern. wanna be careful with the longs unless doing it for some quickies.
- #248,687
- Aug 25, 2010 11:54am Aug 25, 2010 11:54am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You 
- #248,688
- Aug 25, 2010 11:55am Aug 25, 2010 11:55am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #248,690
- Aug 25, 2010 11:59am Aug 25, 2010 11:59am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
short 54595
s/l 54820
t/p 54050
I'm taking this trade on my view that we are not going to break any higher and that we are currently at the top of my range...
risking 2% and looking to gain 5%, not ideal but like I said, confident that we aren't going any higher...
Lets hope I don't look like a arse with this call
s/l 54820
t/p 54050
I'm taking this trade on my view that we are not going to break any higher and that we are currently at the top of my range...
risking 2% and looking to gain 5%, not ideal but like I said, confident that we aren't going any higher...
Lets hope I don't look like a arse with this call
@pawpaw1000 on Twitter
- #248,691
- Aug 25, 2010 12:01pm Aug 25, 2010 12:01pm
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
76 for the stop will most likely get hit methinks. way too tight if you ask me.
I'm looking at the d1 btw, & you're placing your stop where the last time price was here, that level got tested many times. it took a while to get going, i think a higher stop and a reduced risk won't hurt.
just a thought.
the d1 chart:
1.http://cdn.forexfactory.com/attachme...6&d=1282753183
@pawpaw1000 on Twitter
- #248,692
- Aug 25, 2010 12:01pm Aug 25, 2010 12:01pm
- Joined Oct 2009 | Status: Trader | 15,211 Posts
short 54595
s/l 54820
t/p 54050
I'm taking this trade on my view that we are not going to break any higher and that we are currently at the top of my range...
risking 2% and looking to gain 5%, not ideal but like I said, confident that we aren't going any higher...
Lets hope I don't look like a arse with this call
The point a few are trying to make here is that IF you want to take a trade without it testing, reversing and confirming a short (something I would have done) then at least set your SL to an obvious level above the aforementioned resistance, or else you miss out on both scenarios.
- #248,693
- Aug 25, 2010 12:02pm Aug 25, 2010 12:02pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
I see... I thought the pair might be able to visit my upper BB boundary in 4H TF... If it is traded ranging in respect to the channel, I'll say it is still possible for some fresh air up above before hit and drown...
Still flat for today, but bull sentiment is stronger a moment ago...
Thank You
- #248,694
- Aug 25, 2010 12:03pm Aug 25, 2010 12:03pm
tight 80 pip range will only work from the ltf, but given the 3 s/r around here it's way too easy to get killed without the proper skills. I'm only trading the htf for now & the D1 candle is still neutral. good decision staying flat
- #248,695
- Aug 25, 2010 12:04pm Aug 25, 2010 12:04pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
The weekly has a beautiful pennant. Paterns within patterns within patterns.
And if the W1 close anywhere near 5440 or lower, we'll get the crows ... again
still 2 days to see how that one goes tho
Thank You
- #248,696
- Aug 25, 2010 12:08pm Aug 25, 2010 12:08pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
I'm only risking 0.75% not 75% mate
Thank You
- #248,697
- Aug 25, 2010 12:08pm Aug 25, 2010 12:08pm
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
short 54595
s/l 54820
t/p 54050
I'm taking this trade on my view that we are not going to break any higher and that we are currently at the top of my range...
risking 2% and looking to gain 5%, not ideal but like I said, confident that we aren't going any higher...
Lets hope I don't look like a arse with this call
Don't be a hero. Don't have an ego. Always question yourself
Thanks wormboy, I'm still learning, and starting to get used to the hunch, lol...
Anyway, no good signal, either way in the market means stay the hell out of it, unless you have a really massive cash pumping the market...
Anyway, no good signal, either way in the market means stay the hell out of it, unless you have a really massive cash pumping the market...
tight 80 pip range will only work from the ltf, but given the 3 s/r around here it's way too easy to get killed without the proper skills. I'm only trading the htf for now & the D1 candle is still neutral. good decision staying flat
- #248,699
- Aug 25, 2010 12:14pm Aug 25, 2010 12:14pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #248,700
- Aug 25, 2010 12:15pm Aug 25, 2010 12:15pm
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
if cable clears the monthly pvp on the H4, 1.524 is my target.
Verily, in every difficulties there is relief