edit:- dropped the long, best not to get to cute
You been scaling out of that order?
Was looking at this point as a possible projection of market consolidation. Gonna be looking again for some buying signals.
Cable Update (GBPUSD)
- #287,202
- Aug 24, 2011 1:28pm Aug 24, 2011 1:28pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
You been scaling out of that order?
Was looking at this point as a possible projection of market consolidation. Gonna be looking again for some buying signals.
i have been playing with the hedges to try lock in profit to catch retraces..but this move has taken a while and if USD gain..technical support, resistance will go out of the window..
gold is also falling theres a chance 1.63 may even break..need to be carefull my trade is at BE so in a sense im safe
if it does 1.6050 is on
i have been playing with the hedges to try lock in profit to catch retraces..but this move has taken a while and if USD gain..technical support, resistance will go out of the window..
gold is also falling theres a chance 1.63 may even break..need to be carefull my trade is at BE so in a sense im safe
if it does 1.6050 is on
It is quite typical though. Market takes out a top and retraces and corrects overbought levels to give a further run up. For us though, the waiting game begins to see what the big players are doing.
The big guys know it and we base our trades on what we see and not what we think.
- #287,205
- Aug 24, 2011 3:12pm Aug 24, 2011 3:12pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
hello all
finally the 6350-60 came and the H&S now complete.
i came around on charts and couldn't resist to buy it there.
possible a move to/near neckline.
im risking only 5% of account on this trade and maybe i will find me in the typical situation where "SHOULD I CLOSE OR ENLARGE MY STOP?!
"
finally the 6350-60 came and the H&S now complete.
i came around on charts and couldn't resist to buy it there.
possible a move to/near neckline.
im risking only 5% of account on this trade and maybe i will find me in the typical situation where "SHOULD I CLOSE OR ENLARGE MY STOP?!
" 
90% of traders use TA, indicators and prediction
hello all
finally the 6350-60 came and the H&S now complete.
i came around on charts and couldn't resist to buy it there.
possible a move to/near neckline.
im risking only 5% of account on this trade and maybe i will find me in the typical situation where "SHOULD I CLOSE OR ENLARGE MY STOP?!
Oh and i hope the longs do hold atleast in the interim. I think there will be some upwards move before UK GDP gets released Friday.
- #287,207
- Aug 24, 2011 3:18pm Aug 24, 2011 3:18pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
with a bit of zoom out....
appears where im more interested on search a buy setup.
too early now to think about.
time will tell and price action will show what to do
appears where im more interested on search a buy setup.
too early now to think about.
time will tell and price action will show what to do
90% of traders use TA, indicators and prediction
- #287,208
- Aug 24, 2011 3:21pm Aug 24, 2011 3:21pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
What indicator is that if you don't mind me asking? Could do with that sort of thing
there is the MACD combo and the SIGNAL BARS.
both found around the web.
attached below
90% of traders use TA, indicators and prediction
- #287,209
- Aug 24, 2011 3:23pm Aug 24, 2011 3:23pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
hello all
finally the 6350-60 came and the H&S now complete.
i came around on charts and couldn't resist to buy it there.
possible a move to/near neckline.
im risking only 5% of account on this trade and maybe i will find me in the typical situation where "SHOULD I CLOSE OR ENLARGE MY STOP?!
- #287,211
- Aug 24, 2011 3:27pm Aug 24, 2011 3:27pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
GOLD
90% of traders use TA, indicators and prediction
- #287,212
- Aug 24, 2011 3:32pm Aug 24, 2011 3:32pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
need to be careful 1.6380 area is good resistance..price is finding it tough to even cross this..
as i said im in with a very small risk
5% account if stopped out....i took it 'just coz was unable to keep hands in pockets'
better wait action near 6300 or at least some kind of consolidation!
anyway neckline area also will search for shorts to 6300 nears
90% of traders use TA, indicators and prediction
- #287,213
- Aug 24, 2011 3:33pm Aug 24, 2011 3:33pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
hello all
finally the 6350-60 came and the H&S now complete.
i came around on charts and couldn't resist to buy it there.
possible a move to/near neckline.
im risking only 5% of account on this trade and maybe i will find me in the typical situation where "SHOULD I CLOSE OR ENLARGE MY STOP?!
within 25minutes two ways:
1. my stop
2. my BEp (6382) or manual closing
90% of traders use TA, indicators and prediction
- #287,215
- Aug 24, 2011 3:49pm Aug 24, 2011 3:49pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #287,216
- Aug 24, 2011 3:55pm Aug 24, 2011 3:55pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Kind of encouraged by todays move that my longer term view is very much likely. That cable will be stuck in the 1.59-1.65 range for weeks. A break above 1.67 would have forced me to rethink. Thats the direction I'll have in mind when placing trades. Still too early to call really.
90% of traders use TA, indicators and prediction
- #287,217
- Aug 24, 2011 4:01pm Aug 24, 2011 4:01pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #287,218
- Aug 24, 2011 4:17pm Aug 24, 2011 4:17pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #287,219
- Aug 24, 2011 4:18pm Aug 24, 2011 4:18pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
within 25minutes two ways:
1. my stop
2. my BEp (6382) or manual closing
out BEp - 7
90% of traders use TA, indicators and prediction