actually a strong battle going on between 'bulls' & 'bears'
picking a position here 5510-20 looks like a gambling: 50% goes up 50% goes down.
just my advice.....
Hero calls followed by margin calls...
Cable Update (GBPUSD)
- #294,842
- Dec 15, 2011 10:12am Dec 15, 2011 10:12am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
easiest intraday setup on cable...and i missed it 
Hero calls followed by margin calls...
- #294,844
- Dec 15, 2011 10:30am Dec 15, 2011 10:30am
hello
most important thing is to recognize price action into or near demand and supply areas.
selling 5450 till 5500 is dangerous since is demand area.
actually price trying to trigger above 5540.
be careful!
fortunately the price bounce back to 1.548 i close it there to minimize loss
- #294,847
- Dec 15, 2011 11:14am Dec 15, 2011 11:14am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #294,850
- Dec 15, 2011 1:12pm Dec 15, 2011 1:12pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
yes you are right! was a good supply area
i sold it there 5times and whole closed for total 20 pips but i missed the main move, i left pc for a while.
matter was that was possible a bounce up to at least 5540
PA was not clearly rejecting down fast as i expected.
looks like supply being absorbed.
in hourly chart i have main suplly area 5540-5580
position printed below is a small scalp...
90% of traders use TA, indicators and prediction
- #294,851
- Dec 15, 2011 1:20pm Dec 15, 2011 1:20pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
its my lesson for today sir not to be greedy
fortunately the price bounce back to 1.548 i close it there to minimize loss
happy for you mate!!
its one of best emotions being in loss and then close in 0 loss or very small loss!
absolutely best is when price reaches 0.00002 pips from your stop then goes right and you get profits
90% of traders use TA, indicators and prediction
- #294,852
- Dec 15, 2011 1:23pm Dec 15, 2011 1:23pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
"Noyer is suffering from mass amnesia," writes Damian Reece of the French central banker's comments that it's the U.K. not France whose AAA should be threatened.
cat fight..
lol
90% of traders use TA, indicators and prediction
- #294,853
- Dec 15, 2011 1:29pm Dec 15, 2011 1:29pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #294,854
- Dec 15, 2011 1:51pm Dec 15, 2011 1:51pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
Bullish head n shoulders, bearish head n shoulders, I thought we'd settled this GU, it's time to go DOWN!
this is when the trap comes into play, it's call the FAKE OUT
- #294,855
- Dec 15, 2011 2:01pm Dec 15, 2011 2:01pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #294,856
- Dec 15, 2011 2:09pm Dec 15, 2011 2:09pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #294,857
- Dec 15, 2011 2:29pm Dec 15, 2011 2:29pm
- Joined Mar 2011 | Status: Bullish Behavior | 3,182 Posts
- #294,858
- Dec 15, 2011 2:38pm Dec 15, 2011 2:38pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #294,859
- Dec 15, 2011 5:01pm Dec 15, 2011 5:01pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #294,860
- Dec 15, 2011 6:17pm Dec 15, 2011 6:17pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....