5772-82 fibs are
23.6% 5483-5861, 23.6% 5510-5861,.38.2% 5654-5861, 76.4% 5746-5861.
U.s Uom release due soon.
G/L
23.6% 5483-5861, 23.6% 5510-5861,.38.2% 5654-5861, 76.4% 5746-5861.
U.s Uom release due soon.
G/L
ex member
Cable Update (GBPUSD)
- #266,261
- Dec 10, 2010 8:38am Dec 10, 2010 8:38am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #266,262
- Dec 10, 2010 8:51am Dec 10, 2010 8:51am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #266,263
- Dec 10, 2010 9:00am Dec 10, 2010 9:00am
- | Joined May 2009 | Status: Trader | 1,124 Posts
Still above daily roll and holding M15 support...back up?
Hrmmmmmmmmmmm
You've got to be IN IT to WIN IT!
- #266,264
- Dec 10, 2010 9:03am Dec 10, 2010 9:03am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #266,266
- Dec 10, 2010 9:07am Dec 10, 2010 9:07am
- | Joined May 2009 | Status: Trader | 1,124 Posts
You've got to be IN IT to WIN IT!
- #266,271
- Dec 10, 2010 10:04am Dec 10, 2010 10:04am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #266,275
- Dec 10, 2010 11:16am Dec 10, 2010 11:16am
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
Hi Nab.. hows things? I'm not trading this sort of wet banana PA ,at this time of day week etc. Just reading through stuff in case i missed something. Good weekend to you mate. I think you did some good pips today. CU LO mond. if not sooner 
All systems of divination, like music itself,work through patterns.
- #266,276
- Dec 11, 2010 1:20am Dec 11, 2010 1:20am
- | Joined Jun 2010 | Status: Trader | 1,429 Posts
Bearish divergence on H4, looks like bull exhausted.
We might have a bearish week to come.
But it could be wrong
Have a great week end.
We might have a bearish week to come.
But it could be wrong
Have a great week end.
- #266,277
- Dec 11, 2010 7:30am Dec 11, 2010 7:30am
- Joined Sep 2010 | Status: Trader | 11,327 Posts
Feel like a bit of a fool 
made 11 trades yesterday and came out with minus 30 pips (although average position size of winners was higher than losers so ended the day at break-even)
And all this after already posting the following chart in recent days(Daily) which could have provided just 1 good trading idea for over 100 pips ... even a conservative exit at EMA20 would have yielded 85 pips
Next year I am going to focus less on scalps and more on trade plans based on higher TFs and will try to cultivate the discipline needed to sit on the hands most of the time while only placing a couple of trades a day.
Looking forward to setting stops at BE more and more and just "letting go" - and actually allowing price to move in my favour rather than taking small profits off the table out of fear of losing them ... trading less = winning more
made 11 trades yesterday and came out with minus 30 pips (although average position size of winners was higher than losers so ended the day at break-even)And all this after already posting the following chart in recent days(Daily) which could have provided just 1 good trading idea for over 100 pips ... even a conservative exit at EMA20 would have yielded 85 pips
Next year I am going to focus less on scalps and more on trade plans based on higher TFs and will try to cultivate the discipline needed to sit on the hands most of the time while only placing a couple of trades a day.
Looking forward to setting stops at BE more and more and just "letting go" - and actually allowing price to move in my favour rather than taking small profits off the table out of fear of losing them ... trading less = winning more
- #266,278
- Dec 11, 2010 8:15am Dec 11, 2010 8:15am
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
Thanks for your honesty Chaz. Again i find myself thinking along the same lines, however i would have struggled to explain these thoughts even to myself.
All systems of divination, like music itself,work through patterns.
- #266,279
- Dec 11, 2010 8:26am Dec 11, 2010 8:26am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Feel like a bit of a fool
And all this after already posting the following chart in recent days(Daily) which could have provided just 1 good trading idea for over 100 pips ... even a conservative exit at EMA20 would have yielded 85 pips
Next year I am going to focus less on scalps and more on trade plans based on higher TFs and will try to cultivate the discipline needed to sit on...
This is the season to be well stocked on Vasaline and Preparation H for your trading day. Playing the hit and runs will most likely be your money makers during the next month or so...
As memory serves...you are playing with 5 lots per trade...if you want to play a little on the longer terms but still keep your hands in the trades, why not divide and conquer?
A couple holds and a couple quickies...provided you are not trading with an American Broker you are safe from that stupid effing FIFO rule...
The benefit of learning to trade off the shorter time frames is that the charting is the same on the longer, and applying your trend recognition driving back from the 15m to the 5m can present a few more takes...trades look the same only the ranges vary...
Enjoy your weekend my brother...a fresh attitude and fresh trades into next week will most likely prove a little more positive for ya...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #266,280
- Dec 11, 2010 8:35am Dec 11, 2010 8:35am
- | Joined May 2009 | Status: Trader | 1,124 Posts
Hi guys, just thought I'd pop in quickly before taking kids to the cinema.
The weekly definately looking bullish again and the daily at the important trendline shown. If it continues then there's a good chance it can test 1.63 or even 1.65 perhaps. Normally thinking of shorting but the trend is up so a little wary on next weeks action.
What do you think guys?
The weekly definately looking bullish again and the daily at the important trendline shown. If it continues then there's a good chance it can test 1.63 or even 1.65 perhaps. Normally thinking of shorting but the trend is up so a little wary on next weeks action.
What do you think guys?
You've got to be IN IT to WIN IT!