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Cable Update (GBPUSD)

  • #270,501
  • Jan 31, 2011 3:50am Jan 31, 2011 3:50am
Retest day High again for the third times..it will reach 15900 by today, if it break though,
Very Volatile today...if u have TIGHT SL, sure u dissapoint...
  • #270,502
  • Jan 31, 2011 3:53am Jan 31, 2011 3:53am
Quoting WengOn
Retest day High again for the third times..it will reach 15900 by today, if it break though,
Very Volatile today...if u have TIGHT SL, sure u dissapoint...
Yeah, I agree. 15900 seems a sure thing right now, which is good for me, but unexpected for today.
  • #270,503
  • Jan 31, 2011 3:56am Jan 31, 2011 3:56am
Quoting WengOn
Entry Point 15871
TP 15860,
SL 15890,
First none closed position that disclosed.

God Bless me.
..
Pls 'Advise' on this msg, that more reasons i have not concluded.

Experience in forex <half year. DO monitor and guide me along, Bless you!
Hi WengOn,

I'd like to share a little thing here.

Trading has nothing to do with luck, 'pls fall, hoping etc.etc.

By means of indicators or other tools, they all were calculated.

For scalping system, as I saw from your post, please take a look at this thread MAGIX MTF. Its one of the best place to learn for scalper imo. The newest called Magina.

While you study the system with demo account, broaden your basic forex knowledge and skill, control your emotion and be patience.

Hope it help. G/L

Regards.
  • #270,504
  • Jan 31, 2011 4:05am Jan 31, 2011 4:05am
got some water at last , the next news come positive . so react some time & spike up to activate short , ok , half an hr or so to recheck .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #270,505
  • Jan 31, 2011 4:08am Jan 31, 2011 4:08am
Quoting andelumut
several times I saw your analysis, and profit results,,

but I have never been involved take a position like you,,

need to try, or you will share your system with me,?
Thanks.

Everyone of us was born with nothing, so everything can be learned.

See my reply for WengOn above.

One more thing, you have to focus on one system until u fully understand how it works. don't change the system every time you got stopped out.

Regards
  • #270,506
  • Jan 31, 2011 4:14am Jan 31, 2011 4:14am
Quoting gsantri
Thanks.

Everyone of us was born with nothing, so everything can be learned.

See my reply for WengOn above.

One more thing, you have to focus on one system until u fully understand how it works. don't change the system every time you got stopped out.

Regards
Hi GS

I am planning to use SMA and EMA together for intra day trading. do you think it will work out most of the times?
  • #270,507
  • Jan 31, 2011 4:36am Jan 31, 2011 4:36am
Quoting veer2010
Hi GS

I am planning to use SMA and EMA together for intra day trading. do you think it will work out most of the times?
I my self prefer to use ema, especially 200 and sometimes 20 for my trigger. I dunno about sma, but I saw many traders can't get away from it.

Perhaps another experienced member can give a satisfactory answer for you.

Regards.
  • #270,508
  • Jan 31, 2011 4:41am Jan 31, 2011 4:41am
hourly at ema200.

lets see.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 40 KB
Hero calls followed by margin calls...
  • #270,509
  • Jan 31, 2011 4:55am Jan 31, 2011 4:55am
short 5874.

TP 5830.
SL 5905.
Hero calls followed by margin calls...
  • #270,510
  • Jan 31, 2011 4:59am Jan 31, 2011 4:59am
Quoting Exsilium
Stopped out at 15853 +1 pip.

Thats a whopping +2 pips today, lol.
Short @ 15875

Stoch 5 and 15 have been above 80 for quite some time and 5 just broke down and as I write this, 1H just moved above 80 also.

We had a hard time breaking the top so I expect some profit taking before another push up.
Attached Image (click to enlarge)
Click to Enlarge Name: 15875 short.jpg Size: 218 KB
  • #270,511
  • Jan 31, 2011 5:06am Jan 31, 2011 5:06am
Quoting PhAnTi'
short 5874.

TP 5830.
SL 5905.
Well if im wrong, at least im not wrong alone Dont you hate it when as soon as you enter a trade, it turns around the other way.

Im not to worried, it will bounce off 15900, to much top pressure IMHO which needs released before it can break through.
  • #270,512
  • Jan 31, 2011 5:09am Jan 31, 2011 5:09am
Quoting Exsilium
Well if im wrong, at least im not wrong alone Dont you hate it when as soon as you enter a trade, it turns around the other way.

Im not to worried, it will bounce off 15900, to much top pressure IMHO which needs released before it can break through.
who dont?
Hero calls followed by margin calls...
  • #270,513
  • Jan 31, 2011 5:19am Jan 31, 2011 5:19am
Quoting PhAnTi'
short 5874.

TP 5830.
SL 5905.
Without reading your post i just did exactly the same entry, S/L, TP was 200 ema. Ouch!
All systems of divination, like music itself,work through patterns.
  • #270,514
  • Jan 31, 2011 5:22am Jan 31, 2011 5:22am
The breakout UP is discouraging, but after looking at the charts, I do not believe it will hold long above 15900.

See below areas circled in red. To much top pressure IMHO. I think it only accelerated past 15900 because there were a bunch of stops and/or orders placed at that level. Of course, I dont have a clue, but thats my opinion.
Attached Image (click to enlarge)
Click to Enlarge Name: 15875-2 short.jpg Size: 218 KB
  • #270,515
  • Jan 31, 2011 5:23am Jan 31, 2011 5:23am
Quoting kaspopsicle
Without reading your post i just did exactly the same entry, S/L, TP was 200 ema. Ouch!
entry was quiet ok.
losing is part of the game, i closed it at 5887 , luckily...
Hero calls followed by margin calls...
  • #270,516
  • Jan 31, 2011 5:24am Jan 31, 2011 5:24am
Any idea why its breaking my picture attachments? It somehow shifted the bottom half right. Time to use alt+print screen instead of the built in MT4 picture.
  • #270,517
  • Jan 31, 2011 5:24am Jan 31, 2011 5:24am
159.25 I might have a stab but this move has some momentum
  • #270,518
  • Jan 31, 2011 5:25am Jan 31, 2011 5:25am
I thought i'd be speechless if this ever happened...two secs, while i scrape myself of the ceiling. ....
Thank you ,this is all the honour i will ever need.
Did i ever tell you.....


(i've only just noticed)
All systems of divination, like music itself,work through patterns.
  • #270,519
  • Jan 31, 2011 5:28am Jan 31, 2011 5:28am
Quoting gsantri
..
1. Retrace to 5880 ish which is 38-50 fib, Weekly-Daily PVP and 200 ema. and bounce back drop to 5770-5750.
2. Break the 'fitty and move up to 5930 completing double bottom / W pattern.

Just my opinion and cud be wrong. G/L.

Regards,
Scenario 2 in play.

Long entered @5902 SL 5874
  • #270,520
  • Jan 31, 2011 5:31am Jan 31, 2011 5:31am
My last pic was all messed up, dont know whats doing it, but here it is again. My 2 cents.

Something I didnt consider before was that we broke above the 1H Parabolic SAR..
Attached Image (click to enlarge)
Click to Enlarge Name: My Analysis.jpg Size: 204 KB
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