Short 15613 SL 15640 TP 15575 double top. A bit late.
Cable Update (GBPUSD)
- #253,722
- Sep 16, 2010 11:18am Sep 16, 2010 11:18am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #253,723
- Sep 16, 2010 11:19am Sep 16, 2010 11:19am
- Joined Mar 2010 | Status: aka QueenB | 4,808 Posts
Hi everyone-I am new here and great to find other traders of cable.I have been trading FX for 1 year and 1 month,almost all of my trades are GBPUSD.I lost for 10 months before I got the hang of it!Now winning since the last 3 and plan to continue...
- #253,724
- Sep 16, 2010 11:22am Sep 16, 2010 11:22am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #253,725
- Sep 16, 2010 11:24am Sep 16, 2010 11:24am
- Joined May 2010 | Status: I'M NOT SIGNAL PROVIDER | 1,455 Posts
A little beginner trader since 2006
- #253,726
- Sep 16, 2010 11:25am Sep 16, 2010 11:25am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #253,729
- Sep 16, 2010 11:33am Sep 16, 2010 11:33am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
With London now closed...
Price still struggling with rollover, I wouldn't be betting that NY will be buying to much up here.
EUR being the bull today, has already turned negative, I'm not betting on longs now....Whippy dog ass day...
Think I gunna wait until roll over...enjoy the day for what it has to offer, and get all gunned for some excitement later on.
Have a good rest of the day guys!
im liking yur thinking here..have to agree
- #253,730
- Sep 16, 2010 11:36am Sep 16, 2010 11:36am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
For you its early for sure, for me just a short term trade, .1 lot only for fun, don't usually open a trade at this time. I think the gbdlfx chart has run out of steam as well.
- yur early bro! 
- #253,732
- Sep 16, 2010 11:41am Sep 16, 2010 11:41am
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
If the PA doesn't return to this 4H focal point (X) soon (hours
to come) where the majority of EMA have congregated, the
pattern will begin to breakup and the energy that was building
will be lost in this TF.
There are no immediate lower TF's (15m-1H) that nearing a
compression pattern to lend their energies like a firing cap to
catalyze the reaction. It often takes one or more of the
smaller TF to form and releases like a cascade of events to
initiate the energy for a move in a larger TF such as the 4H.
If the PA should consolidate in this range, that will naturally
disrupt the 4H pattern that was building but the compressions,
nevertheless will continue on as other C- patterns in lower TFs
will reform, energy will build and release generating PA and pips.
I'd prefer to see the price strike directly down through the center
of this "X" to keep the compression pattern alive on the 4H... and
even explode on further to the south. Of course, I'm letting my
imagination get in the way to create the ideal patterns and optimal
formations on larger TFs to produce the virtual perfect storm since
they don't happen that often.
Whether you are seeking 10 pips, 100 or a 1000, they can all be found
through this compression phenomenon. Obviously, I'm more interested
in the patterns than the pips.
Dr. D.
to come) where the majority of EMA have congregated, the
pattern will begin to breakup and the energy that was building
will be lost in this TF.
There are no immediate lower TF's (15m-1H) that nearing a
compression pattern to lend their energies like a firing cap to
catalyze the reaction. It often takes one or more of the
smaller TF to form and releases like a cascade of events to
initiate the energy for a move in a larger TF such as the 4H.
If the PA should consolidate in this range, that will naturally
disrupt the 4H pattern that was building but the compressions,
nevertheless will continue on as other C- patterns in lower TFs
will reform, energy will build and release generating PA and pips.
I'd prefer to see the price strike directly down through the center
of this "X" to keep the compression pattern alive on the 4H... and
even explode on further to the south. Of course, I'm letting my
imagination get in the way to create the ideal patterns and optimal
formations on larger TFs to produce the virtual perfect storm since
they don't happen that often.
Whether you are seeking 10 pips, 100 or a 1000, they can all be found
through this compression phenomenon. Obviously, I'm more interested
in the patterns than the pips.
Dr. D.
- #253,734
- Sep 16, 2010 11:43am Sep 16, 2010 11:43am
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
Don't be a hero. Don't have an ego. Always question yourself
- #253,735
- Sep 16, 2010 11:45am Sep 16, 2010 11:45am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #253,737
- Sep 16, 2010 11:55am Sep 16, 2010 11:55am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
That's a daily chart, I trade 5 15 min tf. Classic difference in context.
GL
- #253,739
- Sep 16, 2010 12:00pm Sep 16, 2010 12:00pm
Choppy days like this can easily eat away at not only profits but your account as well...
With the nolag, and like the chart I posted previously, there are other factors involved. Daily roll, topside resistance, bottom side support...all of the time frames.
Good that you are still in the green..
Scalping does take a while to get the feel...take a look at all of the charts I use for just cable alone. Patience, persistence and perseverance enough to piss a hole in a rock.
- #253,740
- Sep 16, 2010 12:05pm Sep 16, 2010 12:05pm
hows this one for yah..i think u will be fine thou..cant see this breaking out this time of day..dailly setup to be bearish..
GL