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Cable Update (GBPUSD)

  • #255,001
  • Sep 22, 2010 4:25am Sep 22, 2010 4:25am
breakeven
  • #255,002
  • Sep 22, 2010 4:32am Sep 22, 2010 4:32am
fibre took out august high (1.3334),
please cable follow your sister
  • #255,003
  • Sep 22, 2010 4:33am Sep 22, 2010 4:33am
Quoting Capn79
Looks like the "gurubillionairre" has a 10,000 dollar account.... where do I sign up for your infamous wisdom??

Should I write you a check or wire you money?

Hey Capn

Noticed you have been trading the LO using the breakout method. I am playing around with some options and wondered if there was any validity in simply playing the M1 in conjunction with the 25EMA and a range breakout. Is this what you do or do you wait for a M5 or M15 candle to close first?
  • #255,004
  • Sep 22, 2010 4:36am Sep 22, 2010 4:36am
Quoting dag777
quiet, after wormie shows the facts,

but we need him as contra indicator for large moves
Thought so!
  • #255,005
  • Sep 22, 2010 4:39am Sep 22, 2010 4:39am
short at 15685 and happy to add-cable is trying to follow Euro-but BoE statement is holding it back and Euro can't go on forever
  • #255,006
  • Sep 22, 2010 4:39am Sep 22, 2010 4:39am
Quoting chazzle
thanks mate-will only start to squirm if we break this am high.Dovish King+Dovish Bernanke can't drive £ too high imo
well .. "can't drive pound too high" is a bit bold imo, because price is certainly not reflecting that at the moment. I don't think it's a question of 'if" the highs break, more like "when" it breaks.
Anyway, we all have our plans. Good luck with your trade


Quoting Delite
Did he reply to you yesterday - or did he just slink away?

Your analysis is excellent by the way - must have a look at your thread.
Nah he didn't lol. Thanks for the kind words, see you there

Quoting Villonius
Hi Wormboy

Do you mind if I ask what timeframe are the Pivots you have indicated on your charts ?

Thanks

V
Hi v,
they're on the H4.
Thank You
  • #255,007
  • Sep 22, 2010 4:41am Sep 22, 2010 4:41am
Above current intraday 5715 hi is the prev 1hr/4hr swing hi zone that runs up to 5728-also 61.8% 5997-5296 @ 5728....mni saying offers likely 5730/40...Above here and 76.4%'s of the 5997 and 5907 moves to 5296 are @ 5830 and 5763 respectively and above that a previous 4hr swing hi zone running to that 5909.

G/L

http://www.easy-upload.net/fichiers/z.2010922114018.gif
ex member
  • #255,008
  • Sep 22, 2010 4:42am Sep 22, 2010 4:42am
Quoting Delite
Hey Capn

Noticed you have been trading the LO using the breakout method. I am playing around with some options and wondered if there was any validity in simply playing the M1 in conjunction with the 25EMA and a range breakout. Is this what you do or do you wait for a M5 or M15 candle to close first?
Hey D,

The LO breakout has been great for me, per Cloggie's teaching. Usually wait for the M15 to confirm the breakout of consolidation (closes outside Riverbox - and usually look for a trendline break as well --- on M15, M30, or 1hr)
...and then follow the M1 in conjunction with the 25EMA, but only after we've had a significant down move of about 20 - 25 pips. I used to use it earlier than that, but found it took me out of trades before they had moved enough.

Hope this helps,
What we obtain too cheap, we esteem too lightly.
  • #255,009
  • Sep 22, 2010 4:43am Sep 22, 2010 4:43am
Current odds on who will succeed the dear leader Kim Jon Il in No.Korea

China 2-1
His son 9-4
Mickey Mouse 10-1
America 50-1

South Korea/unification...a good medium - long term bet !!

G/L
ex member
  • #255,010
  • Sep 22, 2010 4:45am Sep 22, 2010 4:45am
Alright, I'm off... it's late/early here in Cali... here's to hoping no one gets 'pip-stunned' today.

Happy Trading
What we obtain too cheap, we esteem too lightly.
  • #255,011
  • Sep 22, 2010 4:49am Sep 22, 2010 4:49am
Hi Wormboy

Sorry I phrased that incorrectly.I meant what the Pivots ?

Daily or Weekly ?

Thanks again

V
  • #255,012
  • Sep 22, 2010 4:52am Sep 22, 2010 4:52am
hello guys whats new ? i'm just out from the bed my tp was taken pips 90 pips ~ for a day when sleeping nothing better lol
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  • #255,013
  • Sep 22, 2010 4:58am Sep 22, 2010 4:58am
Quoting chazzle
short at 15685 and happy to add-cable is trying to follow Euro-but BoE statement is holding it back and Euro can't go on forever
closing for 15
  • #255,014
  • Sep 22, 2010 5:01am Sep 22, 2010 5:01am
still looking to short any advances in price
  • #255,015
  • Sep 22, 2010 5:01am Sep 22, 2010 5:01am
no point to short now
  • #255,016
  • Sep 22, 2010 5:03am Sep 22, 2010 5:03am
Quoting dil
hello guys whats new ? i'm just out from the bed my tp was taken pips 90 pips ~ for a day when sleeping nothing better lol
hi, i see u never set your sl, how did you know that the price didn't move againts your position?i see your account history you only lost once. how is your strategy?may be you could share to us.... hehehehe
yesterday was good, today is the best, tomorrow is amazing.....
  • #255,017
  • Sep 22, 2010 5:03am Sep 22, 2010 5:03am
Nice work! I see you dont use stoploss when you trade, how many points you let it go if it goes negative?




Quoting dil
hello guys whats new ? i'm just out from the bed my tp was taken pips 90 pips ~ for a day when sleeping nothing better lol
  • #255,018
  • Sep 22, 2010 5:05am Sep 22, 2010 5:05am
Quoting danielabas
hi, i see u never set your sl, how did you know that the price didn't move againts your position?i see your account history you only lost once. how is your strategy?may be you could share to us.... hehehehe
I closed that position and after that market went down 30 pips so i'm mad on that lol , when u have good strategy and good MM you dont care about S/L , you can check my attachments from 2009 i'm doing this good 1,5 year now ~ later because theres alot to write about it and im too lazy maybe on a weekend
  • #255,019
  • Sep 22, 2010 5:06am Sep 22, 2010 5:06am
Quoting scurt
Nice work! I see you dont use stoploss when you trade, how many points you let it go if it goes negative?
good MM i can have 4 positions opend and it can go against me til 1.42 , but i just follow a trend
  • #255,020
  • Sep 22, 2010 5:17am Sep 22, 2010 5:17am
Quoting dil
I closed that position and after that market went down 30 pips so i'm mad on that lol , when u have good strategy and good MM you dont care about S/L , you can check my attachments from 2009 i'm doing this good 1,5 year now ~ later because theres alot to write about it and im too lazy maybe on a weekend
oooo i see... so what time frame do you use?very well done mate.... you are awesome....
yesterday was good, today is the best, tomorrow is amazing.....
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