Dislikedare u new to cable trading? see it makes a panic high and almost retraces the entire move.Ignored
Read my post it suggests we are still in an uptrend and that it was due to move up. The surprise was because I didnt get in on it
Cable Update (GBPUSD)
- #324,962
- Sep 25, 2012 2:47am Sep 25, 2012 2:47am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?
- #324,963
- Sep 25, 2012 2:48am Sep 25, 2012 2:48am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
yep, going to have to wait for the retrace and signal of next move.
only thing is this this is a higher high on h1 and any retrace will possibly only be the next higher low...who knows yet
I mentioned it some times that each trade has only 50% chances of going your direction.once you manage the risk all will be fine long term.
I'm in,targeting 6245 first and lower to calculate.longer term TP 1.5883 but if it goes above 1.6337-40 I'll cut it.....anyway I still have longs opened from 1.5880....waiting to be stopped @ 1.6150 so it's not gonna be a loss for me
- #324,965
- Sep 25, 2012 2:52am Sep 25, 2012 2:52am
- | Membership Revoked | Joined Jul 2011 | 3,291 Posts
manage the risk and get over it
I mentioned it some times that each trade has only 50% chances of going your direction.once you manage the risk all will be fine long term.
I'm in,targeting 6245 first and lower to calculate.longer term TP 1.5883 but if it goes above 1.6337-40 I'll cut it.....anyway I still have longs opened from 1.5880....waiting to be stopped @ 1.6150 so it's not gonna be a loss for me
- #324,966
- Sep 25, 2012 2:54am Sep 25, 2012 2:54am
- | Membership Revoked | Joined Jul 2011 | 3,291 Posts
- #324,967
- Sep 25, 2012 2:55am Sep 25, 2012 2:55am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?
- #324,968
- Sep 25, 2012 2:55am Sep 25, 2012 2:55am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
SL - ?
but I'm not giving signals here
it's just a rough guide on some trades as I might be wrong(actually most of the times I am off the charts) and normally I scalp.....always keep in mind not to follow signals or opinions you see on this forum as most of the posts are for learning purposes only
if you want real signals for trading there are plenty of services online I guess...one day I might even open one company on my own
TP1 touched now and scaling out
and TP2 TP3 comming
OMG I'm good
- #324,970
- Sep 25, 2012 2:59am Sep 25, 2012 2:59am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
manage the risk and get over it
I mentioned it some times that each trade has only 50% chances of going your direction.once you manage the risk all will be fine long term.
I'm in,targeting 6245 first and lower to calculate.longer term TP 1.5883 but if it goes above 1.6337-40 I'll cut it.....anyway I still have longs opened from 1.5880....waiting to be stopped @ 1.6150 so it's not gonna be a loss for me
looking for 1.6171 area..if lucky
- #324,973
- Sep 25, 2012 3:04am Sep 25, 2012 3:04am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #324,974
- Sep 25, 2012 3:06am Sep 25, 2012 3:06am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
i with u red..i short the bitch at the top of channel ..same thoughts
looking for 1.6171 area..if lucky
have a look at H1 and H4 don't you see a shampoo forming ? ..not that I am basing it on this but I would be a total jerk to say I can only see 6031 as the only stop down for now 
I have bad charts.they teach me wrong
- #324,975
- Sep 25, 2012 3:11am Sep 25, 2012 3:11am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
make it lower mate,make it lower
I have bad charts.they teach me wrong
i see 1.5750 which is actually my aggressive target..but the mofo needs to falls and like u said it risky
that shampoo has a slightly higher low..not fantastic but possible..sold the previous weekly high..which also is 61.8 retrace of the move down
and the weekly body is very indecisive..hoping bulls are weaker or doubtfull
gold needs to drop and usd needs to like always pull the finger out
- #324,976
- Sep 25, 2012 3:15am Sep 25, 2012 3:15am
- | Membership Revoked | Joined Jul 2011 | 3,291 Posts
i see 1.5750 which is actually my aggressive target..but the mofo needs to falls and like u said it risky
that shampoo has a slightly higher low..not fantastic but possible..sold the previous weekly high..which also is 61.8 retrace of the move down
and the weekly body is very indecisive..hoping bulls are weaker or doubtfull
shampoo? nav we are selling currencies not beauty care products. I think the after effects of a pound bull selling the pound are slowly but surely beggining to be seen in you
- #324,978
- Sep 25, 2012 3:18am Sep 25, 2012 3:18am
- | Membership Revoked | Joined Jul 2011 | 3,291 Posts
m15 chart
short from 1.62633
looking to see what happens when price hits previous demand zone.
Target 1.6202 which is top of 2nd demand zone
same entry price is mine. however i will add more if it falls to 1.6220
- #324,979
- Sep 25, 2012 3:19am Sep 25, 2012 3:19am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
i see 1.5750 which is actually my aggressive target..but the mofo needs to falls and like u said it risky
that shampoo has a slightly higher low..not fantastic but possible..sold the previous weekly high..which also is 61.8 retrace of the move down
and the weekly body is very indecisive..hoping bulls are weaker or doubtfull
never paid attention to this as I never trade trends...don't know what a trend is....fibos...not my best chapter apart from the 50% which I know is the line in the sand on both GU and EU
my last TP is 1.5390
but first I want 1.5550 and then I can die in peace.....but till then I scalp some hundreds of pips daily - #324,980
- Sep 25, 2012 3:20am Sep 25, 2012 3:20am
- | Membership Revoked | Joined Jul 2011 | 3,291 Posts
mate I don't know what higher high and lower high means
fibos...not my best chapter apart from the 50% which I know is the line in the sand on both GU and EU
my last TP is 1.5390