Cable Update (GBPUSD)

i agree

TP hit at 6081 , +25+34+34-53=40pip ... again

uhm
6084 gave good reaction.
maybe my position was too heavy coz when i closed it price reversed
ahhahaha
joking

lets see if goes above 6084. there is a descending h4 trendline on it

h4

Let takes my case as a lesson learnt especially for me to evaluate my trading style..

This is related the News Trading..
When today UK publish their Manufacturing PMI which is lower then ithe actual the GBP went south and touch my target point which is 34 point..but after that I regret , because if I surfe in this News wave I can get more pips at least 30 more pips..

The where there is the US PMI data released I also made my TP on 1.6005, when the candlestick is getting closer , I was in rush to widen the TP, but what the fact I lost -15 pips..

I Trade in 30M TF with the US data, with the bearish harami and the confirmation candle stick to go more South , It should not be bouncing to go north it was unpredicted movement...


Then I got the conclusin that will be applied next time in to all my trades, such as following:

1. In the trading News just made your TP as rasional as it is, if the price exceed Ur TP no need to widen the TP because U have no base the Price will keep in the same direction..

2. The Candle stick formation analysis is not working during the News Trading..

See U Guys Next Week..

Salam

m1 chart never lies

imo.... news trading requires one important thing:
doesn't matter what we think about the release. we must understand what market decide. and sometimes (most of times during USA news) to understand it is very very hard!

have a good weekend

the -53 would have not been there!
what happened?

Who created whom?
1M---15M-1H-4H..etc..inversely..or...it's all about perception?

late open the pc. to recover that selling, 3time buying.

Good morning, i slept very well.. haha..

how is your day today on forex?

if price goes up for 60 m1 candle that h1 candle will print higher than previous. etc....
things first happen in m1 chart, then in m5. once happened in m5 if m1 keep going things will happen in m15 .... etc...

but

its all about perception! :nerd:

very good!
when i went sleep i forget to close whole long position @6020
i went sleep with +30
i woke up with +70
then shorted +70
then got some scalp but not good, i lost some. maybe 10 or 20
then went long +30 n +20

would like to see everey day like this!!!

http://soundcloud.com/djmixes/larry-...-sep-1987-pt-3

if some one like it...

Yah got it, this is my last post... zero, BB king and Gator is the best trades.
i like when people call me "b@##$%", because i call it traders sentiment. from there i know how to screw up the trent. avios... i'm finish my experiment.
...GU...is...The...First... i'm loss the H but change with t... some one now what meaning is.

Mind games...

This game call pillow and blanket (ZZzzzZZZ).. hehe

All the best and chat later next week.

Adios~~

We had a modest June, with 2.9% equity growth.

hm.. its friday and its late...

but.. h4 closed as doji.. possible reverse?? what do you mean?

http://lcchong.files.wordpress.com/2...ng?w=877&h=397

http://lcchong.files.wordpress.com/2...ng?w=877&h=397

http://lcchong.files.wordpress.com/2...ng?w=877&h=396

http://lcchong.files.wordpress.com/2...ng?w=877&h=398