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Cable Update (GBPUSD)

  • #256,141
  • Sep 27, 2010 4:01am Sep 27, 2010 4:01am
closed all manually on the break of the high...

let's see...

PS - 17 pips
@pawpaw1000 on Twitter
  • #256,142
  • Sep 27, 2010 4:02am Sep 27, 2010 4:02am
Quoting Dayboy001
My SL is now at B/E which makes it easy but my trade plan is:

close 1/4 of trade at 1.5840 securing another 1%

leave remaining 1/4 with TP of 1.59

currently secured 1%
1.5840 will secure 2% (1% + 1%)
1.59 will secure an additional 2.5% totalling 4.5%

for a 2% risk and moving to a quick B/E
Update:

1) 1/2 closed @ 1.5820 for 1%
2) 1/4 closed @ 1.5840 for 1%
3) 1/4 Open TP = 1.59 SL = 1.58000 (B/E)
  • #256,143
  • Sep 27, 2010 4:03am Sep 27, 2010 4:03am
Quoting Sunsi
How do you think this will affect this pair?

http://www.forexfactory.com/calendar.php

Always good for the Euro, so will hopefully pull Cable up along with it.
  • #256,144
  • Sep 27, 2010 4:05am Sep 27, 2010 4:05am
Given the false downside break of the 5843-5802 1hr cosolidation range and the subsequent price actio up off that 2 fib cluster @5788-86, Did anyone really think that shorting was the highest probability trade to take ??

None of us know what will happen next, all we have is the probabilities created by price action, and outr trading edge (s.)

With a new high, shorters now must be hoping that stops above 5843 don't get hit potentially adding to upside momentum....mni sayiong stops above 5860 open up 5900/10, likely offers leading up to those 5860 stops.

G/L
ex member
  • #256,145
  • Sep 27, 2010 4:08am Sep 27, 2010 4:08am
finally a breakout...waiting whole day for this..
  • #256,146
  • Sep 27, 2010 4:17am Sep 27, 2010 4:17am
Quoting clientfx
finally a breakout...waiting whole day for this..
where
  • #256,147
  • Sep 27, 2010 4:19am Sep 27, 2010 4:19am
Quoting AdrianHNV
where

owh i forgot
  • #256,148
  • Sep 27, 2010 4:20am Sep 27, 2010 4:20am
once the DX breaks 79.45, the GU "should" see 5880ish first.
  • #256,149
  • Sep 27, 2010 4:21am Sep 27, 2010 4:21am
Quoting egkid
Have you review your Plan to b sure u r right and others are wrong or you just say that?

I'm Done
Finished my Plan Crack Time & PA... B Ready
Current PA G/U 1.5820
PS:
Be a Forex Trader, Not a Forex Sucker
Attachment
I'm @ my work
I have asked a question if anyone notice what it mean u will know exactly where PA going next.
Inserted Video
  • #256,150
  • Sep 27, 2010 4:27am Sep 27, 2010 4:27am
Reading these posts it is as if the daily down trend line holds no weight.. like cable is just going to shoot past it on its first attempt?
  • #256,151
  • Sep 27, 2010 4:28am Sep 27, 2010 4:28am
After a good breakfast I'm ready for a sharp brawl with hard slippers to spank for fat a$$es.
Anyone that claimed to enter a long trade today below 1.5800/1.5805 area is a born gambler. Such people will still blow $50k account in a sec if they don't change. I was only looking for a short opportunity from the candle close (red with arrow under) before the whipsaw, but some claim they entered when price was under 5800, that's the craziest traders I met in a forum.
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Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #256,152
  • Sep 27, 2010 4:35am Sep 27, 2010 4:35am
OK guys i will post this chart for you :

I shorted cable with two position.On both position SL 50 pips pontecial target from first 100 pips from second 300 pips.I see two strong TL and also my formation tell me that we can go down,of course this is tehnicly from my view.Total risk for both trades 2 %



Chart :

CHeers

Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #256,153
  • Sep 27, 2010 4:38am Sep 27, 2010 4:38am
Quoting Petar_Serbia
OK guys i will post this chart for you :

I shorted cable with two position.On both position SL 50 pips pontecial target from first 100 pips from second 300 pips.I see two strong TL and also my formation tell me that we can go down,of course this is tehnicly from my view.Total risk for both trades 2 %



Chart :

CHeers

Petar
GL
http://www.forexfactory.com/showpost...postcount=4744
  • #256,154
  • Sep 27, 2010 4:39am Sep 27, 2010 4:39am
Well I have to disagree with you, I enter a trade at 5840 because of breakout of range, but there was a reason to took the trade from the bottom..(which I did but only at demo account, on real account I was waiting to breakout)
but anyway agressive traders should enter for me on theese reasons:

and the reasons was:
uptrend TL which was broken but after that it was still respected
still above DP
MA`s on higher TF was still supporting upmove


Quoting Precap2
After a good breakfast I'm ready for a sharp brawl with hard slippers to spank for fat a$$es.
Anyone that claimed to enter a long trade today below 1.5800/1.5805 area is a born gambler. Such people will still blow $50k account in a sec if they don't change. I was only looking for a short opportunity from the candle close (red with arrow under) before the whipsaw, but some claim they entered when price was under 5800, that's the craziest traders I met in a forum.
Attached Image (click to enlarge)
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  • #256,155
  • Sep 27, 2010 4:39am Sep 27, 2010 4:39am
Short @15847 [email protected] [email protected]

Reason-bull seems getting weak to brench Weekly R1 @ 1.5853..will change my view if price in 4H close above the resistant..Targeting Weekly Pivot @ 1.5721..Come on baby..Please come down!!
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  • #256,156
  • Sep 27, 2010 4:39am Sep 27, 2010 4:39am
Quoting bbmac
Given the false downside break of the 5843-5802 1hr cosolidation range and the subsequent price actio up off that 2 fib cluster @5788-86, Did anyone really think that shorting was the highest probability trade to take ??

None of us know what will happen next, all we have is the probabilities created by price action, and outr trading edge (s.)

With a new high, shorters now must be hoping that stops above 5843 don't get hit potentially adding to upside momentum....mni sayiong stops above 5860 open up 5900/10, likely offers leading up to those...
I Agree! Bullish moves like this, don't just fade away overnight. It takes time for the Pro's to distribute all those profitable lots. Stay with the trend.

Look at what's happening on your screen, look for a sign of weakness or strength, confirm that what you are seeing is real, PLAN your trade, then act and stick to your plan.

If you are new to trading or even been doing this for several months, or still struggling to be profitable, move AWAY from short time frames. It will make you jump in and out, lose your money and eventually you'll go CRAZY
  • #256,157
  • Sep 27, 2010 4:45am Sep 27, 2010 4:45am
Quoting Precap2
Anyone that claimed to enter a long trade today below 1.5800/1.5805 area is a born gambler. Such people will still blow $50k account in a sec if they don't change. I was only looking for a short opportunity from the candle close (red with arrow under) before the whipsaw, but some claim they entered when price was under 5800, that's the craziest traders I met in a forum.
Drivel. I find it amusing that you haven't even acknowledged that you are trying to pick a top in an uptrending market. You might come out smelling of roses with your short, but I think if you keep at it, you will be smelling of something altogether quite different. I hope that you are aware of good MM principles.
  • #256,158
  • Sep 27, 2010 4:45am Sep 27, 2010 4:45am
Quoting Precap2
After a good breakfast I'm ready for a sharp brawl with hard slippers to spank for fat a$$es.
Anyone that claimed to enter a long trade today below 1.5800/1.5805 area is a born gambler. Such people will still blow $50k account in a sec if they don't change. I was only looking for a short opportunity from the candle close (red with arrow under) before the whipsaw, but some claim they entered when price was under 5800, that's the craziest traders I met in a forum.
Not really, calculated risk with minimal SL.
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  • #256,159
  • Sep 27, 2010 4:46am Sep 27, 2010 4:46am
Quoting uksnowman
Drivel. I find it amusing that you haven't even acknowledged that you are trying to pick a top in an uptrending market. You might come out smelling of roses with your short, but I think if you keep at it, you will be smelling of something altogether quite different. I hope that you are aware of good MM principles.
  • #256,160
  • Sep 27, 2010 4:52am Sep 27, 2010 4:52am
Quoting Precap2
After a good breakfast I'm ready for a sharp brawl with hard slippers to spank for fat a$$es.
Anyone that claimed to enter a long trade today below 1.5800/1.5805 area is a born gambler. Such people will still blow $50k account in a sec if they don't change. I was only looking for a short opportunity from the candle close (red with arrow under) before the whipsaw, but some claim they entered when price was under 5800, that's the craziest traders I met in a forum.
I dont know...this 1 hour bullish hidden divergence that formed off the 23.6 would pretty much give EVERYONE a reason to enter long at the 5800/5805 area.
And, if the DX breaks 79.45,, it would give anyone a reason to stay in it long if they havent already booked about 40 pips
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