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)
Cable Update (GBPUSD)
http://www.youtube.com/watch?v=kn481KcjvMo 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.
The reason for me is cable already Broke all Resistance and make the sky Blank is High, so in this case on my opinion some compression needed to penetrated Price Move Before ended this Month into 1.6325 into 1.6789 next month. Once again it's only my opinion and we shall see then
- #272,846
- Feb 24, 2011 4:55am Feb 24, 2011 4:55am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #272,849
- Feb 24, 2011 5:02am Feb 24, 2011 5:02am
- Joined Sep 2010 | Status: Trader | 11,327 Posts
postin h1 h4 n d1
4me it must find support on THAT trendline
won't buy till there.
- #272,851
- Feb 24, 2011 5:07am Feb 24, 2011 5:07am
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
Agreed Redben..... I have a bearish bias for the short term though
Seems to have retraced and will go for another touch of that 4Hr trendline
P.s as I was writing this.... it started the drop already towards d line.
Can any tell me how to copy charts easily? I had to save as a PDF to get it here, which obviously is not the general way it is done in this forum.
- #272,852
- Feb 24, 2011 5:10am Feb 24, 2011 5:10am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
If that's how you're gonna play it - you might want to think TP 16120 instead , or at least cover a few there ... personally I would be looking to go long there on a bounce (just scalp)
) as I am short since 1.6250 unfortunatelly I cannot cover anything from my position as I have fixed lots with my broker....either cover whole position or nothing at all
)I will keep my hand on the mouse in that area and close manually if it brakes the 1.6120
- #272,853
- Feb 24, 2011 5:20am Feb 24, 2011 5:20am
- Joined Sep 2010 | Status: Trader | 11,327 Posts
Weekly pivot the key to 16150 - I know - massive targets here 
- #272,854
- Feb 24, 2011 5:33am Feb 24, 2011 5:33am
- Joined Sep 2010 | Status: Trader | 11,327 Posts
Weekly pivot the key to 16150 - I know - massive targets here
