DislikedI dunno... but at this rate, I'm going to be all bones and no meat... lolIgnored
Enter Signature
Cable Update (GBPUSD)
- #262,265
- Oct 28, 2010 3:29pm Oct 28, 2010 3:29pm
Shorting at this level seems to obvious for me, as if the London boys are itching to become one with my stop.
As such, sell orders are lurking around 1.6188 - 1.6244 | 1.5 -2 Lots .
To add: there should be a cluster of stops tripped/targetted as we approach the 1.60 level moving unto 1.6050-1.6075. Inreased buying pressure should run price up another ~100 pips. This is the scenario I hold within my skull, but who knows.
As such, sell orders are lurking around 1.6188 - 1.6244 | 1.5 -2 Lots .
To add: there should be a cluster of stops tripped/targetted as we approach the 1.60 level moving unto 1.6050-1.6075. Inreased buying pressure should run price up another ~100 pips. This is the scenario I hold within my skull, but who knows.
- #262,267
- Oct 28, 2010 3:53pm Oct 28, 2010 3:53pm
- | Joined Sep 2010 | Status: Use Yours :) | 397 Posts
Darrenware,
How close are we with s&r, i have a line at 1.5928.......2 pips out, lol.
I learnt about s&r on a different thread. when i was longer term trading i use to ping them off of weekly charts and take my trades of off rejections from s&r on the dailies.
These turning points are truly powerful if you plot them well.
I have a friend that has been learning forex for a couple of years now, i told him about s&r lines and he started to learn too, this was about a year ago.
I have never seen his platform he has never seen mine, but...
Maybe the more experienced on here could comment?
Enter Signature
- #262,269
- Oct 28, 2010 4:11pm Oct 28, 2010 4:11pm
- | Joined Sep 2010 | Status: Use Yours :) | 397 Posts
Cheers....I'll have a read 
Darren
Darren
Darreware,
I posted this sometime ago, its my interpretation of what i see. It may help.
http://www.forexfactory.com/showpost...postcount=6011
w
Enter Signature
- #262,270
- Oct 28, 2010 4:13pm Oct 28, 2010 4:13pm
- | Joined May 2009 | Status: Trader | 1,124 Posts
You've got to be IN IT to WIN IT!
- #262,272
- Oct 28, 2010 9:01pm Oct 28, 2010 9:01pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #262,273
- Oct 28, 2010 10:35pm Oct 28, 2010 10:35pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #262,275
- Oct 28, 2010 11:50pm Oct 28, 2010 11:50pm
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
395+ and counting...
Gotta love a market sell off!
Cha Ching!
Well played.
- #262,276
- Oct 29, 2010 12:03am Oct 29, 2010 12:03am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
wise man nice avay love the shitt
hope all great
1BB how are u
best of luck to all enjoy the ride east is the way of salvation
hope all great 1BB how are u
best of luck to all enjoy the ride east is the way of salvation
- #262,277
- Oct 29, 2010 12:08am Oct 29, 2010 12:08am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Good show - old chap. Good show...
This week I been working on a bet.
A "Friend" said his broker was against him. Whenever he would buy, broker would work against. Whenever he would sell, broker would work against.
Now, admittedly, there is a little bit of truth to broker working against this fella, but not much different then any other broker. Spread increase on a close order, spread increase on a take, slow fills and re quotes like crazy...
But!
Like any other video game, it has a few tricks to be learned. This week, I bet a fella that I could take what was left of his account and double it by end of week. As I have vowed to not show the actual account and trades, I will not...but will state that I have taken a 9k'ish account and have turned it into 26k.
Aight...not the mother of all scores by any stretch, and it has been a nice week for range, but the fact remains, broker is not much different then any other, and like so many others, he was his own enemy in market....
Hopefully he cashes out and uses the profits minus a lost bet to his favor, or perhaps, learn a little more about the game before his next order.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #262,278
- Oct 29, 2010 12:18am Oct 29, 2010 12:18am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #262,279
- Oct 29, 2010 12:20am Oct 29, 2010 12:20am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
dixy old chart same play
wiil the ema200 be the next target lets wait and see , for sure next week will be fun NFP is the key enjoy
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #262,280
- Oct 29, 2010 12:24am Oct 29, 2010 12:24am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
TT...
This week I been working on a bet.
A "Friend" said his broker was against him. Whenever he would buy, broker would work against. Whenever he would sell, broker would work against.
Now, admittedly, there is a little bit of truth to broker working against this fella, but not much different then any other broker. Spread increase on a close order, spread increase on a take, slow fills and re quotes like crazy...
But!
Like any other video game, it has a few tricks to be learned. This week, I bet a fella that I could take what was left...
Hmmm... but I see you are getting soft..... why did you take such a conservative approach in terms of returns?
Kidding...
The broker issue will never go away. Perceptions mostly - with a pinch of truth. One sometimes need to answer the other question too:
" How many times did price turn back into your favour 1 or 2 pips from your stoploss?" If the answer is never - then maybe. If this has happened to you once or more than once - then relax - they are not really out to get you.
All the best!
Regards