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Cable Update (GBPUSD)

  • #272,821
  • Feb 24, 2011 2:52am Feb 24, 2011 2:52am
Quoting chazzle
morning guys...looking for scalps here or there
recovering a bit ... looking for M15 EMA20 area for next dive (just below 16200)
  • #272,822
  • Feb 24, 2011 2:55am Feb 24, 2011 2:55am
Quoting FerociousHit
You are so right. I should have closed break even.

But I got captivated by each new lower level.
And It's hard to trust the oscillators anymore.

Sometimes I just stare blankly at the screen and watch my equity go down. I do nothing, I just stare at the screen in shock.

Now my equity is down 15% in 15 minutes.

Ohhh boy...
imagine the situation was in referse hey .
But you should always be reactive, if price breaks your entry clearly like shown then change your sentiment imediatly and enter your TP at breakeven, if it goes to SL you can help, but remember again being reactive means also if the trade points your way you get no stress just act and dont move sl to b/e to fast and set yourself good targets.
  • #272,823
  • Feb 24, 2011 3:11am Feb 24, 2011 3:11am
DX showing resistance 7755 EU making very bullish v-shaped recovery on M15....
Attached Images
  • #272,824
  • Feb 24, 2011 3:12am Feb 24, 2011 3:12am
Quoting deryworlds
Now My opinion again ..Probably Bull Will late at Friday Nite and Monday !! ( Dragon wont let Cable Up Now )
Have a nice trade Guy's
Dududu dadada dididi
  • #272,825
  • Feb 24, 2011 3:20am Feb 24, 2011 3:20am
Price challenging 38.2% of the move down today and the previous 1hr/4hr swing lo zone (previous support.) Will the'sell the rally' sellers come back in here ?? Time will tell.

G/L
Attached Image
ex member
  • #272,826
  • Feb 24, 2011 3:36am Feb 24, 2011 3:36am
1.6175 for 100 pips
  • #272,827
  • Feb 24, 2011 3:43am Feb 24, 2011 3:43am
Finally i get into a trade lol, hopefully it doesnt return to breakeven hehe.
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  • #272,828
  • Feb 24, 2011 3:46am Feb 24, 2011 3:46am
Quoting bbmac
Price challenging 38.2% of the move down today and the previous 1hr/4hr swing lo zone (previous support.) Will the'sell the rally' sellers come back in here ?? Time will tell.

G/L

That'll be a no then Lol..the clues were on 5min that had already put in 2 x Hh and 15min 1 x HL, ...strong bounce now off daily S1 area,..price pullback hi reaching 61.8% of today's fall (so far ?) € also strong -vs- $.

G/L
ex member
  • #272,829
  • Feb 24, 2011 3:59am Feb 24, 2011 3:59am
ignore all the markings on this 5min chart....but the green circled HH was where price was challenging the 38.2% of the daily fall at that 1hr/4hr previous swing lo zone...and the dip found demand at another 5min HL at it's ascending trend line.

G/L
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ex member
  • #272,830
  • Feb 24, 2011 4:02am Feb 24, 2011 4:02am
Quoting CoffeeDrinke
imagine the situation was in referse hey .
But you should always be reactive, if price breaks your entry clearly like shown then change your sentiment imediatly and enter your TP at breakeven, if it goes to SL you can help, but remember again being reactive means also if the trade points your way you get no stress just act and dont move sl to b/e to fast and set yourself good targets.
Thank you for the advice. I need lots of advice.

My other problem, I do not use a SL. Mostly because I do not trust the brokers.

Learning this Cable will take much more time.

Will it chew me up and spit me out? Like so many others? The odds are against me, I know.

But even the losers get lucky sometimes, right?
I am sure that there is a song that sings this.

Cable has made a reversal, and has been merciful on this round.

Now where? Now what Cable?

I might just hold this Long position for a little while longer. Is that crazy?
  • #272,831
  • Feb 24, 2011 4:04am Feb 24, 2011 4:04am
Quoting bbmac
That'll be a no then Lol..

G/L
price grinding it's way up through that area until bulls back in charge....Wormboy will be happy
  • #272,832
  • Feb 24, 2011 4:09am Feb 24, 2011 4:09am
Big pullback off the 1hr LL after 3 x LH's...what will the next fractal swing turn out to be on this t/f ? Pullback @ 61.8% of the last LH-LL on this 1hr t/f

G/L
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ex member
  • #272,833
  • Feb 24, 2011 4:15am Feb 24, 2011 4:15am
Quoting FerociousHit
My other problem, I do not use a SL. Mostly because I do not trust the brokers.
It's been said before - and heck , I'll say it this time - why would a broker risk losing a multimillion $ business by manipulating the price feed to take out a mini account? - If it seems your stop is being targeted it's because it's in an obvious place , along with loads of other peoples stops

If you don't use a stop-it's practically suicide (unless you trade nanolots on a 6 figure+ account )
  • #272,834
  • Feb 24, 2011 4:18am Feb 24, 2011 4:18am
And Cable were almost 1:1 today in correlation. USDX is starting to slow it's weakness. Looks like the H4 Bear setup on Cable could be good.
  • #272,835
  • Feb 24, 2011 4:20am Feb 24, 2011 4:20am
Quoting FerociousHit
Thank you for the advice. I need lots of advice.

My other problem, I do not use a SL. Mostly because I do not trust the brokers.

Learning this Cable will take much more time.

Will it chew me up and spit me out? Like so many others? The odds are against me, I know.

But even the losers get lucky sometimes, right?
I am sure that there is a song that sings this.

Cable has made a reversal, and has been merciful on this round.

Now where? Now what Cable?

I might just hold this Long position for a little while longer. Is that crazy?
Inserted Video
hehe you got to know when to hold, when to fold em .
Ill help you out alittle later with the little i know, just specify wht your entries are and wht your Sl method is, where you put Sl when you put one, then ill see how i can help you on your method.

GL for now, and advice close that position rather.
  • #272,836
  • Feb 24, 2011 4:22am Feb 24, 2011 4:22am
Quoting bbmac
..what will the next fractal swing turn out to be on this t/f ?

G/L
I'd like to see test of 16184 possible new support (short term) to go long
  • #272,837
  • Feb 24, 2011 4:22am Feb 24, 2011 4:22am
Quoting chazzle
It's been said before - and heck , I'll say it this time - why would a broker risk losing a multimillion $ business by manipulating the price feed to take out a mini account? - If it seems your stop is being targeted it's because it's in an obvious place , along with loads of other peoples stops

If you don't use a stop-it's practically suicide (unless you trade nanolots on a 6 figure+ account )
Yip i agree with that broker thing, and the kwl thing is of forums like that if there is a spike thats not suppose to be there you have your account statement and cant just ask people here to send their feeds and you can claim your trade back, im not really sure how that would work, if anyone does know hehe, im intrested in hearing .
  • #272,838
  • Feb 24, 2011 4:27am Feb 24, 2011 4:27am
Quoting pilotui
Looks like the H4 Bear setup on Cable could be good.
thanks-you made me look at H4 - back to the line...
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  • #272,839
  • Feb 24, 2011 4:34am Feb 24, 2011 4:34am
Quoting chazzle
I'd like to see test of 16184 possible new support (short term) to go long
If it goes , I'm going bear again...
  • #272,840
  • Feb 24, 2011 4:37am Feb 24, 2011 4:37am
Quoting chazzle
If it goes , I'm going bear again...
it all depends on the next 20 min and how the 4H candle closes(under or over trendline)
if it closes under then it is short if not .it's long )
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