and here's my road trading device...
p.s. I'm glad you enjoyed the short from 5692 to 5550
I trail it now,closed half of it,rest @ 1.5565
p.s. I'm glad you enjoyed the short from 5692 to 5550
I trail it now,closed half of it,rest @ 1.5565
Cable Update (GBPUSD)
- #319,142
- Jul 19, 2012 3:54am Jul 19, 2012 3:54am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #319,143
- Jul 19, 2012 5:01am Jul 19, 2012 5:01am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #319,144
- Jul 19, 2012 5:30am Jul 19, 2012 5:30am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
and here's my road trading device...
:http://www.forexfactory.com/showthre...28#post5852928
- #319,145
- Jul 19, 2012 5:34am Jul 19, 2012 5:34am
- Joined Oct 2011 | Status: quo | 4,193 Posts
As Above, So Below
- #319,146
- Jul 19, 2012 5:40am Jul 19, 2012 5:40am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
I don't want to sidetrack the thread so I would appreciate your response here
http://www.forexfactory.com/showthre...28#post5852928
- #319,148
- Jul 19, 2012 5:45am Jul 19, 2012 5:45am
- Joined Oct 2011 | Status: quo | 4,193 Posts
As Above, So Below
- #319,149
- Jul 19, 2012 6:24am Jul 19, 2012 6:24am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
1.0229 is the very best short entry for me as it is the 50% fibo(50% fibo is not an important level in fibo but more a reversal level for traders)
a SL just above 1.0293 would do just fine and this to be on the safe side as it could be placed just above 1.0262 as top kumo on H4
as soon s price will be rejected we'll form a perfect sell cross under cloud that would throw the cad to the bottom @ 1.0055 area
now going to that 1.0055 level(1.0047 is the 61.8 fibo on daily)..it would only be half of the fall as the whole fall...
- #319,150
- Jul 19, 2012 6:36am Jul 19, 2012 6:36am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
or double top @ 1.5692?
can we see a 1.5665 first ?
I'd like to see 1.5550 to be honest so I'll load short again now.tight SL just above 1.5735-40
- #319,151
- Jul 19, 2012 7:02am Jul 19, 2012 7:02am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
1.5635 should limit the dip if we move fast enough before the news.next 25 min should bring it to 1.5665 and from that point either push through or bounce.I say down....but I was wrong many times so this could be just another time.
- #319,153
- Jul 19, 2012 7:22am Jul 19, 2012 7:22am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
or double top @ 1.5692?
can we see a 1.5665 first ?
I'd like to see 1.5550 to be honest so I'll load short again now.tight SL just above 1.5735-40
I might loose the bastard
- #319,159
- Jul 19, 2012 7:44am Jul 19, 2012 7:44am
can i ask why u shorted?
DR2 at 1.5688 for 1st short.
WR2 at 1.5702 for 2nd short.
Both with fixed SL of 100pips which I adjust as PA moves in my direction, but never if it moves against me.
Ratio 1:1 at outset.
Different strategies for different traders, so do what works best for you.
Show Me Your Pips!!! 
- #319,160
- Jul 19, 2012 7:48am Jul 19, 2012 7:48am
Am on iPad now but will post chart later.
DR2 at 1.5688 for 1st short.
WR2 at 1.5702 for 2nd short.
Both with fixed SL of 100pips which I adjust as PA moves in my direction, but never if it moves against me.
Ratio 1:1 at outset.
Different strategies for different traders, so do what works best for you.
ok ty