Early to bed, early to rise, keeps you healthy, wealthy and wise.
Cable Update (GBPUSD)
- #324,521
- Sep 19, 2012 3:54am Sep 19, 2012 3:54am
- Joined Jul 2011 | Status: Lord Of War | 1,853 Posts
- #324,522
- Sep 19, 2012 3:55am Sep 19, 2012 3:55am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
my imho ..
if we talk about high and low... we talk about relativity ....like einstein said e=mc^2........ what is the relation ? really i dont know
if we talk about high and low... we talk about relativity ....like einstein said e=mc^2........ what is the relation ? really i dont know
yes in some respects..euro is very low..usd..low
how can cable go through the roof..nobody will buy from them ?
i have no idea but thats my logic on it
not euphoria follower
- #324,523
- Sep 19, 2012 4:01am Sep 19, 2012 4:01am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?
- #324,524
- Sep 19, 2012 4:05am Sep 19, 2012 4:05am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #324,525
- Sep 19, 2012 4:10am Sep 19, 2012 4:10am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
If you're talking about the lower TL (channel) line, I have my own.
The divergence is interesting but on a 1H, I don't give much weight to it.
Be careful "looking" for things to back up your position. They are usually easy to find.
Just saying
chris
1) firstly we are at major resistance!
2)there is bearish diverence on the chart 1hr..gbplfx has the diverence on the index itself..
3)last year high
4)we are on the otherside of the ascending trendline on dailly..with a bearish dailly printed yesterday..which has major technical significance
i could go on...i dont trade nothing unless it on my chart buddy and always have at least 3 things to back it up..always!!!
- #324,526
- Sep 19, 2012 4:11am Sep 19, 2012 4:11am
- Joined Jul 2011 | Status: Lord Of War | 1,853 Posts
1.6177 area
ill close half position 1.6177 and let half runSP500 is fallin too-got in with short from top..
Early to bed, early to rise, keeps you healthy, wealthy and wise.
- #324,528
- Sep 19, 2012 4:13am Sep 19, 2012 4:13am
- | Joined Feb 2012 | Status: Trader | 1,207 Posts
way back when i first started....i used to wait for price to come to a line..then i would buy and almost always id be stopped out
i now play the trade to the line instead of at the line
bottom line bro..trade where price is going..dont try and stop it..we cant
fine tune yur method..is all u need
just think why is it doing, whatever and give yurself the answer, and follow it..lol (helps)
See im still attempting to use the levels as my entries AND exits and I have been getting burnt recently... I seem to be picking bad entries and by doing so, making it harder for myself. I need to refine my rules for entry, I believe this may put things back in my favour...
Now you seem to be trading over a much shorter period (compared to your year long trade) do you use mainly PA & S/R for your entries??
- #324,531
- Sep 19, 2012 4:16am Sep 19, 2012 4:16am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #324,533
- Sep 19, 2012 4:18am Sep 19, 2012 4:18am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #324,534
- Sep 19, 2012 4:20am Sep 19, 2012 4:20am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #324,535
- Sep 19, 2012 4:22am Sep 19, 2012 4:22am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #324,536
- Sep 19, 2012 4:23am Sep 19, 2012 4:23am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #324,540
- Sep 19, 2012 4:38am Sep 19, 2012 4:38am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
when it get to 1.6177 area..weekly ascending trendline..i may exit or place to BE..max 1.5820 area..retest of weekly bullish breakout area.. (weekly chart)
i hope it does this..id love to buy there
i hope it does this..id love to buy there