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Cable Update (GBPUSD)

  • #281,221
  • Jun 13, 2011 8:49am Jun 13, 2011 8:49am
Quoting bchbch
Best of luck for the safe trading. keep smile.
thanks
  • #281,222
  • Jun 13, 2011 10:06am Jun 13, 2011 10:06am
short GU for 6280 target just now. Any one joint with me?
  • #281,223
  • Jun 13, 2011 10:46am Jun 13, 2011 10:46am
hello all
i took short 6316
its a resistance area in my plan

following PA in m5
actually only1/3 normal position will add later if goes

lets see
Attached Image (click to enlarge)
Click to Enlarge Name: gusdm5.jpg Size: 104 KB
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  • #281,224
  • Jun 13, 2011 10:48am Jun 13, 2011 10:48am
Hi there i'm currently short on this too, I got in at 1.6322 and target is 1.6275....come on bears!
  • #281,225
  • Jun 13, 2011 10:52am Jun 13, 2011 10:52am
needs to breake n close below 6300-6295 as support line+ HS m5 neckline
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  • #281,226
  • Jun 13, 2011 10:54am Jun 13, 2011 10:54am
trailing stop 20 pips
if goes 6296 i want the stop loss @BEp
if get the 6320 again from here will brake the pattern and go more up
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  • #281,227
  • Jun 13, 2011 11:01am Jun 13, 2011 11:01am
left finger ready to react
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  • #281,228
  • Jun 13, 2011 11:07am Jun 13, 2011 11:07am
out half +5

bought in hedge stop loss 6294
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  • #281,229
  • Jun 13, 2011 11:26am Jun 13, 2011 11:26am
ok i let it go for a while
i hope my posts don't confuse

i posted as i saw a good setup in a resistance area

good luck
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  • #281,230
  • Jun 13, 2011 11:27am Jun 13, 2011 11:27am
Quoting _BBKing_
out half +5

bought in hedge stop loss 6294
Y?What happen to u?
Y u sound like get panic!!
U closed ur position ....well i don't know which TF u trade or MM but
U missed good entry @63
R:R Was very good from here but ok if u feel not comfortable Close it and another good thing u don't follow anyone
  • #281,231
  • Jun 13, 2011 12:06pm Jun 13, 2011 12:06pm
Quoting egkid
Y?What happen to u?
Y u sound like get panic!!
U closed ur position ....well i don't know which TF u trade or MM but
U missed good entry @63
R:R Was very good from here but ok if u feel not comfortable Close it and another good thing u don't follow anyone

hi bro
no no, im still into it!
i only closed half for 2 good reasons:
1. position was heavy enough to let me do it
2. was a support + neckline of m5 H&S

so if reaction there price would have tested higher resitance in 6360-90 area so i bought an hedge.
hedge went stopped below 6294 and position is actually + 30 pips SL in nice BEp

now i let it go and do another step to add another short. im looking for a close below 6260-70 area
Attached Image (click to enlarge)
Click to Enlarge Name: gusdm5.jpg Size: 101 KB
90% of traders use TA, indicators and prediction
  • #281,232
  • Jun 13, 2011 12:10pm Jun 13, 2011 12:10pm
Quoting _BBKing_
hi bro
no no, im still into it!
i only closed half for 2 good reasons:
1. position was heavy enough to let me do it
2. was a support + neckline of m5 H&S

so if reaction there price would have tested higher resitance in 6360-90 area so i bought an hedge.
hedge went stopped below 6294 and position is actually + 30 pips SL in nice BEp

now i let it go and do another step to add another short. im looking for a close below 6260-70 area
I could b wrong but if u want my opnion

LET YOU PROFIT RUN
  • #281,233
  • Jun 13, 2011 12:15pm Jun 13, 2011 12:15pm
Quoting _BBKing_
hi bro
no no, im still into it!
i only closed half for 2 good reasons:
1. position was heavy enough to let me do it
2. was a support + neckline of m5 H&S

so if reaction there price would have tested higher resitance in 6360-90 area so i bought an hedge.
hedge went stopped below 6294 and position is actually + 30 pips SL in nice BEp

now i let it go and do another step to add another short. im looking for a close below 6260-70 area

I agree with you. I have short @ 6328 and the tp is just above the daily pivot 6275. will add a short a close below the 6275.
  • #281,234
  • Jun 13, 2011 12:16pm Jun 13, 2011 12:16pm
Quoting egkid
I could b wrong but if u want my opnion

LET YOU PROFIT RUN

yes you're 100% right!
sometimes i feel like market can reverse from a minute to another...
90% of traders use TA, indicators and prediction
  • #281,235
  • Jun 13, 2011 12:24pm Jun 13, 2011 12:24pm
i notice some volatility
is it due to obama an weale speaks?
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  • #281,236
  • Jun 13, 2011 12:27pm Jun 13, 2011 12:27pm
moving north
i reversed
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  • #281,237
  • Jun 13, 2011 12:31pm Jun 13, 2011 12:31pm
Quoting _BBKing_
moving north
i reversed
What TF u trade?
Please read my last few posts to u again.
stop b nerves with every move , if u feel not comfortable or have no plan , close it Now
  • #281,238
  • Jun 13, 2011 12:36pm Jun 13, 2011 12:36pm
Quoting egkid
What TF u trade?
Please read my last few posts to u again.
stop b nerves with every move , if u feel not comfortable or have no plan , close it Now
i draw resistance n support area in h4 + daily + w1

then i work on m1-m5-m15 to feel PA near main levels
in a single day can make 3-4 good positions for 15-30 pips
some days it goes better some other days like now its a kind strange.
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  • #281,239
  • Jun 13, 2011 1:10pm Jun 13, 2011 1:10pm
look how it appears now my chart
i work a lot to follow PA as in my experience the worst thing to do in markets is to try to predict a move.

target open
Attached Image (click to enlarge)
Click to Enlarge Name: gusdm5.jpg Size: 102 KB
90% of traders use TA, indicators and prediction
  • #281,240
  • Jun 13, 2011 1:14pm Jun 13, 2011 1:14pm
What is causing this movements, speeches or what
Keep the Lights on then you can catch the rise from the dark.
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