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Cable Update (GBPUSD)

  • #263,001
  • Nov 3, 2010 8:16am Nov 3, 2010 8:16am
Quoting cloggie
Next target 4007, why? See yesterday's posts and it is the top of the bottom box.
Okay. I'm learning and following here.

Short EU @ 1.4029.6, TP @ 4007
As I entered this, I'm watching GU also take a dive, but EU was first.
Very interesting. Thx Cloggie.
A pip is only worth it if you know how much you risked to earn it
  • #263,002
  • Nov 3, 2010 8:25am Nov 3, 2010 8:25am
Quoting redsword11
Attachment


Attached Image (click to enlarge)
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  • #263,003
  • Nov 3, 2010 8:40am Nov 3, 2010 8:40am
Quoting cloggie
Just keep an eye on 4023, that's the turt in the punchbowl.

You can clearly see how the turt level works, and that is the key for range trading, not just finding the ranges, but you need the turts too. Also once a turt level goes on the chart and you have identified your ranges you need to keep them on there, some of my turts stay there all week.

Have a look at my posts from the last few days and you will see the same levels for Cable and Fibre over and over again.

The play for the entire day is box-turt-box-turt-box-turt.

Tommypips, that's probably the bit you are missing or the bit that is making you chicken out too soon.
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  • #263,004
  • Nov 3, 2010 8:43am Nov 3, 2010 8:43am
Turts??

Not seen that expression before. What do you mean by that cloggie?

Thanks


Quoting cloggie
You can clearly see how the turt level works, and that is the key for range trading, not just finding the ranges, but you need the turts too. Also once a turt level goes on the chart and you have identified your ranges you need to keep them on there, some of my turts stay there all week.

Tommypips, that's probably the bit you are missing or the bit that is making you chicken out too soon.
  • #263,005
  • Nov 3, 2010 8:44am Nov 3, 2010 8:44am
Quoting TommyPips
Turts??

Not seen that expression before. What do you mean by that cloggie?

Thanks

It is the sh!tty level that drives the direction and makes you chicken out.
  • #263,006
  • Nov 3, 2010 8:45am Nov 3, 2010 8:45am
Oh , hang on?

You mean tertiary levels eh?....lol
  • #263,007
  • Nov 3, 2010 8:46am Nov 3, 2010 8:46am
Quoting cloggie
It is the sh!tty level that drives the direction and makes you chicken out.
Ok, I'm with you!

Thank you!....hehe
  • #263,008
  • Nov 3, 2010 8:51am Nov 3, 2010 8:51am
Quoting redsword11
Attachment

Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 61 KB




bought it - hunt my own breakeven short
  • #263,009
  • Nov 3, 2010 8:53am Nov 3, 2010 8:53am
Quoting cloggie
You can clearly see how the turt level works, and that is the key for range trading, not just finding the ranges, but you need the turts too. Also once a turt level goes on the chart and you have identified your ranges you need to keep them on there, some of my turts stay there all week.

Have a look at my posts from the last few days and you will see the same levels for Cable and Fibre over and over again.

The play for the entire day is box-turt-box-turt-box-turt.

Tommypips, that's probably the bit you are missing or the bit that is making...
hi clog...., why don't you just fill all those chart with color boxs,,,, ........

have a good trade..
I will be the number one Manager.
  • #263,010
  • Nov 3, 2010 8:55am Nov 3, 2010 8:55am
Quoting vlady1974
Okay. I'm learning and following here.

Short EU @ 1.4029.6, TP @ 4007
As I entered this, I'm watching GU also take a dive, but EU was first.
Very interesting. Thx Cloggie.
Are you holding the short?.....vlady?
  • #263,011
  • Nov 3, 2010 8:55am Nov 3, 2010 8:55am
Quoting cloggie
You can clearly see how the turt level works, and that is the key for range trading, not just finding the ranges, but you need the turts too. Also once a turt level goes on the chart and you have identified your ranges you need to keep them on there, some of my turts stay there all week.

Have a look at my posts from the last few days and you will see the same levels for Cable and Fibre over and over again.

The play for the entire day is box-turt-box-turt-box-turt.

Tommypips, that's probably the bit you are missing or the bit that is making...
hi cloggie, sorry what's e MA u use? so u enter as price hit S/R and go past the MA?
  • #263,012
  • Nov 3, 2010 9:09am Nov 3, 2010 9:09am
Quoting TommyPips
Are you holding the short?.....vlady?
Yep. I've decided to also try and learn to hold my nerve.... and trade the EU whilst watching the GU. Smart Money as Cloggie says.

I'm short from 4029 looking for 4007. If my spreadbet account was larger, I'd have shorted the GU as well.
A pip is only worth it if you know how much you risked to earn it
  • #263,013
  • Nov 3, 2010 9:10am Nov 3, 2010 9:10am
Going long from 1.6104 with TP at 1.6148
  • #263,014
  • Nov 3, 2010 9:15am Nov 3, 2010 9:15am
Quoting vlady1974
Yep. I've decided to also try and learn to hold my nerve.... and trade the EU whilst watching the GU. Smart Money as Cloggie says.

I'm short from 4029 looking for 4007. If my spreadbet account was larger, I'd have shorted the GU as well.
I'm holding too!

Nearly chickened out though.....lol
  • #263,015
  • Nov 3, 2010 9:19am Nov 3, 2010 9:19am
Saying that though!

It's holding my nerve that gets me into trouble. I hold the bad ones to long...lol
  • #263,016
  • Nov 3, 2010 9:21am Nov 3, 2010 9:21am
Quoting AdrianHNV
Going long from 1.6104 with TP at 1.6148
I am long 1.6104 but my TP is 1.6134.....your just being greedy lol
Enter Signature
  • #263,017
  • Nov 3, 2010 9:24am Nov 3, 2010 9:24am
Quoting darrenware
I am long 1.6104 but my TP is 1.6134.....your just being greedy lol

Its fighting the 25ema at the moment on 5m
Enter Signature
  • #263,018
  • Nov 3, 2010 9:25am Nov 3, 2010 9:25am
Quoting TommyPips
Saying that though!

It's holding my nerve that gets me into trouble. I hold the bad ones to long...lol
Yes, but I have a very quick finger on the clicker... if I sniff danger I'll take my money. It's hard to watch and do work at the same time

Ahem, that also goes for the downside as well... if I'm underwater by 4-5 pips and looks to go deeper, I'll bomb out rather than trigger a 15-20 pip S/L
A pip is only worth it if you know how much you risked to earn it
  • #263,019
  • Nov 3, 2010 9:26am Nov 3, 2010 9:26am
Quoting AdrianHNV
Going long from 1.6104 with TP at 1.6148
consolidation on the 5 min
  • #263,020
  • Nov 3, 2010 9:42am Nov 3, 2010 9:42am
Quoting darrenware
I am long 1.6104 but my TP is 1.6134.....your just being greedy lol
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