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Cable Update (GBPUSD)

  • #252,561
  • Sep 13, 2010 5:04am Sep 13, 2010 5:04am
Quoting Precap2
Making 20% a day has some irony to it. You need patience to enter only clean trades and they always come along and pay well. My daily target is 200pips and I always meet it with easy in all market conditions. Patience would at first seem to take away your profit. Wrong!!! It brings profit. Real good profit.

Try it
to give an example, I entered on break of 5450 as that for me was bottom of my m5 range...

If we then go back up, my reason for entry is lost and so there is no need to hold the trade... 10 pip s/l is enough and I am now up 30 pips or 5%...

easy with low risk

EDIT: anyone know why fibre is holding up soo well? thought it would be dropping?
@pawpaw1000 on Twitter
  • #252,562
  • Sep 13, 2010 5:08am Sep 13, 2010 5:08am
Quoting nAVIN2007
funny isnt it!..like i said empty vessels make big sound always..http://cdn.forexfactory.com/images/s...m/thumbsup.gif

Not always, you might need to ask a nuclear physicist or Osama
Your choice
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #252,563
  • Sep 13, 2010 5:10am Sep 13, 2010 5:10am
Trade closed successfully. TP1 and TP2 hit.

H4 candle looks bearish, but on EURGBP is pound weakening and there is unfilled gap from friday. will wait if it closes under DP will short again... otherwise this could be just 50% pullback from todays up move...

Quoting scurt
short 1,5459 with small position (0,5%) on 5min break triangle. SL at 5470, TP1-100MA, TP2 5425
  • #252,564
  • Sep 13, 2010 5:11am Sep 13, 2010 5:11am
Quoting pawpaw1000
to give an example, I entered on break of 5450 as that for me was bottom of my m5 range...

If we then go back up, my reason for entry is lost and so there is no need to hold the trade... 10 pip s/l is enough and I am now up 30 pips or 5%...

easy with low risk

EDIT: anyone know why fibre is holding up soo well? thought it would be dropping?

Morning Paw!

It sounds as if we use similar methods and I wondered if I could pick your brains...

Do you wait for the price to break the bottom of the range or so you wait for the candle to close beneath it?
  • #252,565
  • Sep 13, 2010 5:11am Sep 13, 2010 5:11am
Quoting scurt
Trade closed successfully. TP1 and TP2 hit.

H4 candle looks bearish, but on EURGBP is pound weakening and there is unfilled gap from friday. will wait if it closes under DP will short again... otherwise this could be just 50% pullback from todays up move...
good place for t/p... I'm holding though as I want to see 5380 1st...
@pawpaw1000 on Twitter
  • #252,566
  • Sep 13, 2010 5:15am Sep 13, 2010 5:15am
Quoting Delite
Morning Paw!

It sounds as if we use similar methods and I wondered if I could pick your brains...

Do you wait for the price to break the bottom of the range or so you wait for the candle to close beneath it?
The problem is fake outs... we will have many "piercings" of the range before we break and other times it is clear cut...

I use M5 with some MA's to help me out. Also watch the Candle formations... I will normally try to anticipate and would have liked to get in at 5463 as this is where we retested my broken 25 ema and then went down. I only got back just as we were breaking range so had to jump on quickly...

Love keeping my losses to a minimum and seeing 30 pips give my account a huge boost!
@pawpaw1000 on Twitter
  • #252,567
  • Sep 13, 2010 5:20am Sep 13, 2010 5:20am
Quoting alex1976
My trade speaks for itself
well done. no credit to magix for reassuring you for staying in trade though?
  • #252,568
  • Sep 13, 2010 5:26am Sep 13, 2010 5:26am
Quoting Precap2
My H1 chart says up move might be tired. What does yours say? I'm going short right now.
Banked 50% with 45pips, food for the morning guaranteed. Waiting to see if afternoon would also be paid here. GJ called me in for a clean short, not inviting you though

temptation!
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #252,569
  • Edited 5:33am Sep 13, 2010 5:29am | Edited 5:33am
Here's another temptation for my fellow GU traders. Warning! You might find my chart a little bit too colorful

[IMG]file:///C:/DOCUME%7E1/ADMINI%7E1/LOCALS%7E1/Temp/moz-screenshot.jpg[/IMG]
Attached Image
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #252,570
  • Edited 5:38am Sep 13, 2010 5:34am | Edited 5:38am
Quoting Bull_Bear
Do your HEAD IN PA, however I favour shorts as we speak looking for an entry. No Trades yet.
hey nice chart.

it is quite possible to get a short trade entry if you fanned a high trendline from 1.5991 towards 1.5294 on the h4 chart. you probably missed that.
  • #252,571
  • Sep 13, 2010 5:35am Sep 13, 2010 5:35am
Better chart for the EU temptation
Attached Image (click to enlarge)
Click to Enlarge Name: pics.gif Size: 21 KB
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #252,572
  • Sep 13, 2010 5:44am Sep 13, 2010 5:44am
Quoting pawpaw1000
good place for t/p... I'm holding though as I want to see 5380 1st...
just took half my position at 5397 for 4% on my account and will take the rest at 5380 or get stopped on it at 5317 (just above current m15 bar)...
@pawpaw1000 on Twitter
  • #252,573
  • Sep 13, 2010 5:45am Sep 13, 2010 5:45am
Quoting Precap2
Remember this: Cable has done it's weekly high already (you can quote me). I'm going short all the way

  • #252,574
  • Sep 13, 2010 5:48am Sep 13, 2010 5:48am
nice work

Quoting pawpaw1000
just took half my position at 5397 for 4% on my account and will take the rest at 5380 or get stopped on it at 5317 (just above current m15 bar)...
  • #252,575
  • Sep 13, 2010 5:49am Sep 13, 2010 5:49am
did we already break friday's high or not ?
not euphoria follower
  • #252,576
  • Sep 13, 2010 5:52am Sep 13, 2010 5:52am
Quoting iqyu5an
did we already break friday's high or not ?


Friday 5466
Monday 5488
  • #252,577
  • Sep 13, 2010 5:59am Sep 13, 2010 5:59am
dont wanna be moron, but is this question worth to wrote? I mean the time to spent to wrote this question is much more longer than take a look at OHLC at daily chart...

Quoting iqyu5an
did we already break friday's high or not ?
  • #252,578
  • Sep 13, 2010 6:00am Sep 13, 2010 6:00am
Quoting pawpaw1000
just took half my position at 5397 for 4% on my account and will take the rest at 5380 or get stopped on it at 5317 (just above current m15 bar)...
closed all at 5394 for a total gain of 8%... very nice

reson for not waiting for TP is I already made more than I thought on this trade and PA is looking weak so rather take what I got than lose some profits
@pawpaw1000 on Twitter
  • #252,579
  • Sep 13, 2010 6:06am Sep 13, 2010 6:06am
Quoting scurt
dont wanna be moron, but is this question worth to wrote? I mean the time to spent to wrote this question is much more longer than take a look at OHLC at daily chart...
better think than reply then.....
not euphoria follower
  • #252,580
  • Sep 13, 2010 6:09am Sep 13, 2010 6:09am
Quoting pawpaw1000
closed all at 5394 for a total gain of 8%... very nice

reson for not waiting for TP is I already made more than I thought on this trade and PA is looking weak so rather take what I got than lose some profits
what the urgency u wrote your 8 % in public forum ? even u got 1000 % that means nothing for me coz that's your money not mine
not euphoria follower
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