Blogging daily now at www.volume.zone
Cable Update (GBPUSD)
- #249,921
- Aug 30, 2010 10:15pm Aug 30, 2010 10:15pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #249,922
- Aug 30, 2010 10:16pm Aug 30, 2010 10:16pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #249,924
- Aug 30, 2010 10:22pm Aug 30, 2010 10:22pm
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
watta hell is that?
Maybe Going Under..?
Meh
Regards
- #249,925
- Edited 10:26pm Aug 30, 2010 10:24pm | Edited 10:26pm
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
- #249,928
- Aug 30, 2010 11:03pm Aug 30, 2010 11:03pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #249,930
- Aug 30, 2010 11:06pm Aug 30, 2010 11:06pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #249,933
- Aug 30, 2010 11:17pm Aug 30, 2010 11:17pm
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
http://www.forexfactory.com/showthre...06#post3979506
It has taken its time to get to my TP2 but when working of the higher tfs, you do need bags of patience. In the mean time I am sure the likes of Magix has milked this range for multiple times my pips gained, but when working of h4 or higher, you really need to pick your entries carefully and wait for price to move into them.
I did however change the TP2 from 1.5410 to 1.5420 to match it up with the monthly pivot level as pointed out by Wormy and others.
In the mean time I did get a nice short on AUDUSD on Sunday as it novice gapped into a supply area on h4. It has already hit my 3:1 and the trade is nicely in profit. I would show a chart, but as this is the cable thread and not the Ozzie thread, I will pass.
If you want to know the difference between novice and professional gaps, you should see the following webinar - http://www.fxstreet.com/live/session...2-58e60f5d5814
Anyway, I am still wanting cable to go down south as it is the path of least resistance. London might bring price back up again in order to get a decent price before we break south.
Now I would say that of course because I am short... although at 6' 5" not that short
In reality, I have no idea where price is going and I just hop on the bandwagon, hopefully for a ride into green pips!
Good luck with your trading people!
EDIT: TP2 hit! Thank you very much. I will leave my last runner at the original SL! (1.5623) for now and will use a trailing stop once it has eaten its way through the demand zone below current price.
It has taken its time to get to my TP2 but when working of the higher tfs, you do need bags of patience. In the mean time I am sure the likes of Magix has milked this range for multiple times my pips gained, but when working of h4 or higher, you really need to pick your entries carefully and wait for price to move into them.
I did however change the TP2 from 1.5410 to 1.5420 to match it up with the monthly pivot level as pointed out by Wormy and others.
In the mean time I did get a nice short on AUDUSD on Sunday as it novice gapped into a supply area on h4. It has already hit my 3:1 and the trade is nicely in profit. I would show a chart, but as this is the cable thread and not the Ozzie thread, I will pass.
If you want to know the difference between novice and professional gaps, you should see the following webinar - http://www.fxstreet.com/live/session...2-58e60f5d5814
Anyway, I am still wanting cable to go down south as it is the path of least resistance. London might bring price back up again in order to get a decent price before we break south.
Now I would say that of course because I am short... although at 6' 5" not that short
In reality, I have no idea where price is going and I just hop on the bandwagon, hopefully for a ride into green pips!
Good luck with your trading people!
EDIT: TP2 hit! Thank you very much. I will leave my last runner at the original SL! (1.5623) for now and will use a trailing stop once it has eaten its way through the demand zone below current price.
- #249,937
- Aug 30, 2010 11:28pm Aug 30, 2010 11:28pm
Taking half off for a 25 pip profit..Will keep the other half
Lots of little profits soon add up too a big profit.
Don't forget to set your daily targets for pips and then stick too it.
Over trading kills accounts ..................
