added a few more then out for small profit
Cable Update (GBPUSD)
- #260,445
- Oct 14, 2010 2:07am Oct 14, 2010 2:07am
- | Membership Revoked | Joined Oct 2010 | 2,745 Posts
- #260,446
- Oct 14, 2010 2:24am Oct 14, 2010 2:24am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I have to start to use monthly chart as well, (i only take a look at weekly for now)... thanks for your advise...
i have found when using weekly i sometime got it!! when magix once commented on my bias, it was of the weekly (i got it wrong) but had i followed the monthly..i would have been fine.
the trick i believe rely on understanding support and resistance 120%..i believe this is my edge
- #260,447
- Oct 14, 2010 2:33am Oct 14, 2010 2:33am
As usual, always appreciate your post!
everything is set by monthly..very accurate chart but require good reading since the stops can be huge b4 u are proved right or wrong by the market
i have found when using weekly i sometime got it!! when magix once commented on my bias, it was of the weekly (i got it wrong) but had i followed the monthly..i would have been fine.
the trick i believe rely on understanding support and resistance 120%..i believe this is my edge
- #260,448
- Oct 14, 2010 2:35am Oct 14, 2010 2:35am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #260,450
- Oct 14, 2010 2:49am Oct 14, 2010 2:49am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
What levels are you working with at the moment then, please?
1.60xx's?
As usual, always appreciate your post!http://cdn.forexfactory.com/images/s...m/thumbsup.gif
example of weekly and monthly..look at weekly trendline break to the downside..if yur a trader watching small time frame this move would have killed u potentially, if u trading emotion..but on monthly its very easy to see the bias
u have to wait for the closed to be proved right or wrong..emotion on weekly would have got u out of the position and in selling mode..
and the crazy thing is i have posted this chart for weeks..without changes
- #260,451
- Oct 14, 2010 3:04am Oct 14, 2010 3:04am
- | Joined Aug 2010 | Status: Fearless in Africa | 685 Posts
Heading A little bit Dark Cloud .....
http://www.forexfactory.com/showpost...&postcount=746
rgds,iqyu
seems like someone seated on 1.6060
Mind over matter..I don't mind and you don't matter.
- #260,453
- Oct 14, 2010 3:13am Oct 14, 2010 3:13am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
1.63 -50 area
example of weekly and monthly..look at weekly trendline break to the downside..if yur a trader watching small time frame this move would have killed u potentially, if u trading emotion..but on monthly its very easy to see the bias
u have to wait for the closed to be proved right or wrong..emotion on weekly would have got u out of the position and in selling mode..
and the crazy thing is i have posted this chart for weeks..without changes
Why do you only come out of the closet when the bulls are in charge?
Just kidding.... Nice that you are trading your plan. Yesterday's chart posted played out to the T.Do not ride this for too long though... weekly and monthly not in tune. Like USD-Bear is saying - the right level may offer superb discounts for a ride back in the weeks to come...
Wish you all success
Regards
- #260,454
- Oct 14, 2010 3:17am Oct 14, 2010 3:17am
- Joined Mar 2009 | Status: Trader | 1,094 Posts
Once this level is cleared then next target is yellow line.
Good luck to all.
Good luck to all.
- #260,455
- Oct 14, 2010 3:24am Oct 14, 2010 3:24am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Bro,
Why do you only come out of the closet when the bulls are in charge?
Do not ride this for too long though... weekly and monthly not in tune. Like USD-Bear is saying - the right level may offer superb discounts for a ride back in the weeks to come...
Wish you all success
Regards
no doubt bro!!
I stuck here for 3 weeks now..i had an operation 2 days ago to remove a hernia
..so u guys are stuck with me like it or not!!
i will take a chill pill at 1.62
- #260,457
- Oct 14, 2010 3:32am Oct 14, 2010 3:32am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
no doubt bro!!
I stuck here for 3 weeks now..i had an operation 2 days ago to remove a hernia
i will take a chill pill at 1.62
Hope you're feeling better
Thank You 
- #260,458
- Oct 14, 2010 3:33am Oct 14, 2010 3:33am
1.6323 is the projected high that I have spent the last hour or so working out.
I have opened another account for GBP/USD and placed a reasonable trade into it from 1.6049 with a TP @ 1.6323 which is 274 pips SL set at 1.5823 to give a nice allowance. Hopefully this long term trade will mature my way
If this comes off I will donate half of the profit to the UNICEF and the other half to WWF
I will of course adjust the SL if need bee
I have opened another account for GBP/USD and placed a reasonable trade into it from 1.6049 with a TP @ 1.6323 which is 274 pips SL set at 1.5823 to give a nice allowance. Hopefully this long term trade will mature my way
If this comes off I will donate half of the profit to the UNICEF and the other half to WWF
I will of course adjust the SL if need bee
- #260,459
- Oct 14, 2010 3:41am Oct 14, 2010 3:41am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
don't go straight to 6200 without me. I'm short here for a few, stop @6100.
Hope you're feeling better
I got in at 1.6055 with SL at 1.6082Daily supply from 3rd Feb 2010 with a high at 1.6068. Good arrival into the area too, so I am looking for final target of ~1.58.
Good luck!
