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Cable Update (GBPUSD)

  • #258,821
  • Oct 6, 2010 3:29am Oct 6, 2010 3:29am
here is my chart bro :http://www.forexfactory.com/showpost...&postcount=715

and u could see all my chart at this forum : http://www.forexfactory.com/showthread.php?t=247182

where u could get how i walked from 1.599x ( top of august ) to bottom of september. and from bottom of september to hmmmm time will tell

but i am a newbie . still in learning process and need a focus

rgds,iqyu

Quoting egkid
Hi
Can u post a chart bro?
Interested to know ur view if u could
not euphoria follower
  • #258,822
  • Oct 6, 2010 3:29am Oct 6, 2010 3:29am
Quoting darrenware
Morning Everyone.....dont you just love the british weather

Happy Trading
Vile isn't it? What happened to beautiful crisp autumn days?! Whereabouts are you?
  • #258,823
  • Oct 6, 2010 3:29am Oct 6, 2010 3:29am
Quoting darrenware
Morning Everyone.....dont you just love the british weather

Happy Trading
Actually, NO
  • #258,824
  • Oct 6, 2010 3:30am Oct 6, 2010 3:30am
Quoting nAVIN2007
i will try a few mini's as i have something to play with
Yup me too like the 'scalping' when things are like this.........
Still keeping the longs in play and playing with the 'dips'....


Learnt so much since being on here, it's mind boggggggling sometimes, used to just sit and wait for things too happen, now make them happen whilst sitting and watching for the other things too happen
  • #258,825
  • Oct 6, 2010 3:30am Oct 6, 2010 3:30am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Good day everyone

Gone long at 15890 stoploss 15840

Good luck
  • #258,826
  • Oct 6, 2010 3:32am Oct 6, 2010 3:32am
Quoting Dayboy001
Thinking about it you probably have more than one lot you will close so would be more than £7

still I don't think I could do what you do, I don't like holding a position overnight

i have come to realise like anything..well in trading anyway..u have to like form a habit..i have managed to have 100% success record this year..it because i doing the same thing over and over exactly the same way..

azim said it himself its because habitual..and u just do it without thinking..

with regards to u on holding i was the same..what is missing on your side is perhaps the belief in yourself..that was the things i somehow i got start of this year and have simply..stuck to my sh*t..like fly on poo

its also lowering the stake to give myself flexability..i would say i simply got lucky..the cable trade i had this time..i had a drawdown where i was £150 negative..wsnt a good trade at all ..but goig with what i believe was the trend saved my backside time
  • #258,827
  • Oct 6, 2010 3:32am Oct 6, 2010 3:32am
Quoting Delite
Vile isn't it? What happened to beautiful crisp autumn days?! Whereabouts are you?
Living in Nottingham
Enter Signature
  • #258,828
  • Oct 6, 2010 3:33am Oct 6, 2010 3:33am
Quoting darrenware
Morning Everyone.....dont you just love the british weather

Happy Trading
rain rain and more rain its cracker isnt it!
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.jpg Size: 102 KB
  • #258,829
  • Oct 6, 2010 3:33am Oct 6, 2010 3:33am
Price reaches a pullback lo of 5884 so far and still @ only 36% of it's average 20 day daily pip range...pulling back from weekly R1 pivot area around 5938 Hi.

So far in my trading session (and bearing in mind I am mostly on a 1min trigger) I have seen only 2 x hi-probability trading opportunities....I had no trigger t/f set-ups for the short down from 5938.

Main 4hr fibs up from and including 5296 are from that 5296, 5347, 5503 and 5668 to the current 5938 Hi...some more minor swings on 1hr above that 5503...

SAome € data later and U.s ADP Nfp forecast later but no scheduled £ data of any significance due in this London morning session.

G/L
ex member
  • #258,830
  • Oct 6, 2010 3:33am Oct 6, 2010 3:33am
Quoting samirb
Good day everyone

Gone long at 15890 stoploss 15840

Good luck

Waiting for a break of 905 and I'll be long too. I see a 2b reversal on the M15 chart, but there isn't a great deal of momentum.
  • #258,831
  • Oct 6, 2010 3:34am Oct 6, 2010 3:34am
Quoting nAVIN2007
rain rain and more rain its cracker isnt it!
At least it keeps you indoors fixed to the charts no nipping outside to sunbathe
Enter Signature
  • #258,832
  • Oct 6, 2010 3:36am Oct 6, 2010 3:36am
Quoting darrenware
At least it keeps you indoors fixed to the charts no nipping outside to sunbathe
yip..good thing u aint trading outside..
  • #258,833
  • Oct 6, 2010 3:43am Oct 6, 2010 3:43am
would be interested to hear other's view of this...lets say you draw a fib of an upswing from for the sake of an argument an obvious swing lo - hi 5100-5200, ie a 100 pip swing to keep the maths easy and price pulls back off the 5200 swing hi to lower than the 76.4% fib of the 5100-5200 move, but then reverses back long again and takes out the 5200 hi....question is this, would you consider the fib drawn from the 5100 swing lo to the new hi above 5200 to be still a valid plot of a fib even though it went below the 76.4% fib or would you now only have a fib drawn from the new swing lo to the new swing hi above 5200 ?

Thanks.
ex member
  • #258,834
  • Oct 6, 2010 3:43am Oct 6, 2010 3:43am
Quoting Dayboy001
Well done Nav don't know how you hold on !!

my brain would have sold @ 1.59 and just thought only £7 less

I have always wondered how you long term traders pick your exits !!

right now i need a dailly reversal to make me thinking differently..this i believe is the start of this move..i think 1.68 is on and maybe more

all depends on what happens on 1.6, looking fr it to hold as support..it will base there if it gets there..so no need to get in early
  • #258,835
  • Oct 6, 2010 3:59am Oct 6, 2010 3:59am
Quoting wormboy
5888 is the day open & 5931 is previous day hi. If it closes below the day open you might want to re evaluate your trade positions. Just a heads up.
Good luck.
welp, 888 has done the job for the second time today. safe to say this is the base for i/d. long term bias remains bullish while i/d bias is still neutral.

good luck or (888 all ).
Thank You
  • #258,836
  • Oct 6, 2010 4:02am Oct 6, 2010 4:02am
Quoting nAVIN2007
same here bro..if this can go to 1.60 id have made £350- £375 on 7p a pip..i will try a few mini's as i have something to play with

lets see if it can bounce here
you ought to go heavy once 6000 clears bro
welp I got alert set, so I'm outta here. gonna get back to my call of duty 4
later brother!
Thank You
  • #258,837
  • Oct 6, 2010 4:02am Oct 6, 2010 4:02am
Quoting Delite
Waiting for a break of 905 and I'll be long too. I see a 2b reversal on the M15 chart, but there isn't a great deal of momentum.
doh missed the entry on that last dip. Waiting for a small pullback possibly to 5898 area. Did you enter long already?
  • #258,838
  • Oct 6, 2010 4:04am Oct 6, 2010 4:04am
Quoting uksnowman
doh missed the entry on that last dip. Waiting for a small pullback possibly to 5898 area. Did you enter long already?

Yes, but she isn't in any hurry to move one way of the other. This is my problem - I want to see things heading my way, quickly!
  • #258,839
  • Oct 6, 2010 4:10am Oct 6, 2010 4:10am
Pretty stiff resistance in the 915/916 area.
  • #258,840
  • Oct 6, 2010 4:17am Oct 6, 2010 4:17am
Quoting Delite
Pretty stiff resistance in the 915/916 area.
...which is where my long entry is...
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