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Cable Update (GBPUSD)

  • #293,421
  • Nov 29, 2011 11:02pm Nov 29, 2011 11:02pm
This week is one winning trade for me and one loosing trade. Lets see how the rest of the week turns out to be. Todays trade is a buy limit at 1.55848 with sl at 1.55348 and tp at 1.56848. Lets see how this one turns out. Enjoy the rest of your day and make allot of pips out of this market.

Regards
  • #293,422
  • Nov 29, 2011 11:09pm Nov 29, 2011 11:09pm
just need to wait for confirmation.
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  • #293,423
  • Nov 29, 2011 11:59pm Nov 29, 2011 11:59pm
long 1.56, tp 1.5730
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Come with me if you want to live....
  • #293,424
  • Nov 30, 2011 12:13am Nov 30, 2011 12:13am
why do that when the pennant has not even been confirmed yet, you've just lost everything is pointing down at the "moment".

never ever take trades without a confirmation otherwise you're just gambling!

Quoting Ill-b-back
long 1.56, tp 1.5730
  • #293,425
  • Nov 30, 2011 12:29am Nov 30, 2011 12:29am
Quoting SystemFX2011
why do that when the pennant has not even been confirmed yet, you've just lost everything is pointing down at the "moment".

never ever take trades without a confirmation otherwise you're just gambling!
let. him. trade.
Have I got something on my face, SOLDIER?
  • #293,426
  • Nov 30, 2011 12:32am Nov 30, 2011 12:32am
why? I'm trying to save the guy a few quid

Quoting bumapatria
let. him. trade.
  • #293,427
  • Nov 30, 2011 12:33am Nov 30, 2011 12:33am
Quoting SystemFX2011
why? I'm trying to save the guy a few quid
1. style.

2. risk parameters

3. methodology

4. bias.


those factors differ from one trader to another.
Have I got something on my face, SOLDIER?
  • #293,428
  • Nov 30, 2011 12:34am Nov 30, 2011 12:34am
Quoting redsword11
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....... and other sells
  • #293,429
  • Nov 30, 2011 12:52am Nov 30, 2011 12:52am
Quoting TauTrader
Good day to you,

My weekly and daily indicators still in long mode, but 4hr neutral and may start indicating a time to sell rallies for a few sessions. I will therefor not be taking any longer term longs for now.

Still keeping an eye on my upper TL's to see what price will be doing and may consider shorting the next run higher for a proper retrace?

I wish you all a strong day

Regards
Good day to you,

I now have confirmation to sell rallies for the next few sessions. I wil thus be looking to cut my recent long at an opportunity I see fit and then wait for the appropriate entries. Have to stick to my rules...

Regards
  • #293,430
  • Nov 30, 2011 12:55am Nov 30, 2011 12:55am
I think Sell not confirm yet maybe when 1.5560 break

Quoting TauTrader
Good day to you,

I now have confirmation to sell rallies for the next few sessions. I wil thus be looking to cut my recent long at an opportunity I see fit and then wait for the appropriate entries. Have to stick to my rules...

Regards
  • #293,431
  • Nov 30, 2011 1:05am Nov 30, 2011 1:05am
Quoting ZeroCool
I think Sell not confirm yet maybe when 1.5560 break
Good day-

Yes, I will not be selling now - will sell the next rally - where ever that may take place.

Regards
  • #293,432
  • Nov 30, 2011 1:08am Nov 30, 2011 1:08am
hey Red, what's that ZUP indi do?

Quoting redsword11
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....... and other sells
  • #293,433
  • Nov 30, 2011 1:10am Nov 30, 2011 1:10am
only if they don't know how to trade pennants properly...



Quoting bumapatria
those factors differ from one trader to another.
  • #293,434
  • Nov 30, 2011 1:17am Nov 30, 2011 1:17am
Quoting SystemFX2011
hey Red, what's that ZUP indi do?


I may be wrong, but I think ZUP is a harmonic-pattern indi.

Prints butterfly's and gartleys and the like.

I have a different one that does the same thing, but still prefer to draw them manually for confirmation.
  • #293,435
  • Nov 30, 2011 1:18am Nov 30, 2011 1:18am
oh ... i think .... sorry ... misunderstand

Quoting TauTrader
Good day-

Yes, I will not be selling now - will sell the next rally - where ever that may take place.

Regards
  • #293,436
  • Edited 1:34am Nov 30, 2011 1:19am | Edited 1:34am
I do have another trade that was just initiated with a t/p of 1.56490 and a stop loss 200 pips lower...this is a high probability trade..but as you know, in this business anything can and will happen..the entry point is approx. 100 pips lower than t/p.
entry - 1.29250 s/l 200 pips
  • #293,437
  • Nov 30, 2011 1:25am Nov 30, 2011 1:25am
4 hour chart
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  • #293,438
  • Nov 30, 2011 1:28am Nov 30, 2011 1:28am
using wrr zup for harmonic pattern ?
Quoting redsword11
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....... and other sells
not euphoria follower
  • #293,439
  • Nov 30, 2011 1:30am Nov 30, 2011 1:30am
It does appear that the price is being manipulated lower in order for the gap in the euro to be filled..once the fill has been completed I'd expect the price to resume higher.
entry - 1.29250 s/l 200 pips
  • #293,440
  • Nov 30, 2011 1:47am Nov 30, 2011 1:47am
Quoting normfx
It does appear that the price is being manipulated lower in order for the gap in the euro to be filled..once the fill has been completed I'd expect the price to resume higher.
best u can do is manage the drawdown. look for other pairs, or other setups scalp or watever to make profit/increase ur equity and balance to make that swing trade more flexible.

u can get out of a -100 pip floating loss with good DD management. either look for other pairs, hedge, rescue, etc u can get out with profit.

just make sure u stay objective and not desperate and let emotions affect ur trading choices.
Have I got something on my face, SOLDIER?
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