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Cable Update (GBPUSD)

  • #326,301
  • Oct 9, 2012 6:35am Oct 9, 2012 6:35am
Quoting walkman
yes, because it was almost perfect short. i sell today and eu and gu. but closed on BE.

when "perfect" sell dont work something wrong
it is a perfect sell mate

but a perfect sell never jumpin jack flash but retraces first

this either is the load the spring for a 30 pips down min up to 75 pips or it is the upmove to 6100 area from where sell
  • #326,302
  • Oct 9, 2012 6:36am Oct 9, 2012 6:36am
Quoting fontu
ok , may be but you are in total indecision .anyway not think so big up ?, correction down > breakout is the choice of near next except a miracle .
More fall before more up try next , not fall & fall anywhere , at least now. especially for eu .

that is eu specially in UP breakout mood strong but au , gu,gold for more bo & moderate strong also.
fontu
entered long when get setup in m5.

entered based on Something like
Higher low, lower high system
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  • #326,303
  • Oct 9, 2012 6:36am Oct 9, 2012 6:36am
Quoting Resent
long long long
tp 16110

and then crash ^
on it,where should I put SL ?
  • #326,304
  • Oct 9, 2012 6:37am Oct 9, 2012 6:37am
Quoting bbakker
I hope that was a joke...

It really depends what kind of trader you are. If you are quick and dirty and happy with 10 pip wins and 5-10 pip loses depending on your R/R then this timeframe is for you.

If on the other hand, being a swing trader, you are quite happy to let trades run and can easily switch of the charts without staring at it 24x7, then trading the daily and weekly timeframes is a much better option. OK, so you will see profit (or losses) ebb and flow as the market goes through its natural cycles, but it is something you will have...
Yes buddy, I was joking. But you have to admit that a 24 hour 20 pip range would probably be better served by the 1M

By and large, I find direction on Daily and weekly and trade the 4H and 1H with entries from 30M and 15M. But I can switch around a bit.

Just BORED!!!
Ghost Rider - WWTBMD?
  • #326,305
  • Oct 9, 2012 6:39am Oct 9, 2012 6:39am
Quoting redbeben
on it,where should I put SL ?
mines like just below 1.600 ..
  • #326,306
  • Oct 9, 2012 6:39am Oct 9, 2012 6:39am
Quoting pawpaw1000

Best I would say is day trading on m15 H1 and H4, Thats what I'm doing ;-)
how do you define direction on H4, while its continually rising like between end of august 2012 to min sept 2012.
deep RoT is essential for everlasting happyness
  • #326,307
  • Oct 9, 2012 6:40am Oct 9, 2012 6:40am
Quoting pawpaw1000
Im not sure how one can trade the daily or weekly in this ever changing environment. All it takes is for one statement to change the move direction violently for a week or two and then violently in another the next day...

Best I would say is day trading on m15 H1 and H4, Thats what I'm doing ;-)

Guess I'm biased :-D
You are...

Time and price cycles in the markets exhibit patterns in time and space that are orderly and self-similar in scale or fractal.


A trading cycle is the cycle within each time frame of a market (from weekly down to one minute) that has enough amplitude to buy and sell. All time frames have a trading cycle averaging from 14 to 25 bars. Cycles are measured from bottom to bottom. And most trading cycles in daily and intra-day time frames cluster in the 18 to 22-bar range.



I agree that the market evolves and changes nature but it still exhibits recognisable structures that people can trade with. Price is just a measure of traders' greed and fear.

Enough philosophical waxing, so to cut to the chase, it doesn't matter what timeframe you work on, each one must have its own rules and mindset and never forget to look at the bigger picture!
  • #326,308
  • Oct 9, 2012 6:41am Oct 9, 2012 6:41am
Quoting Resent
mines like just below 1.600 ..
5995? 5999 ?
5960?

what's just ?
  • #326,309
  • Oct 9, 2012 6:44am Oct 9, 2012 6:44am
Quoting albchr

By and large, I find direction on Daily and weekly and trade the 4H and 1H with entries from 30M and 15M. But I can switch around a bit.
perhaps you could upload a video on Youtube, showing how you do that.

Thank you in advance.
deep RoT is essential for everlasting happyness
  • #326,310
  • Oct 9, 2012 6:45am Oct 9, 2012 6:45am
I just shorted massively 10 lots EU @ 2954 TP 2807 SL 2960

tbhere was something I Liked about one chart
  • #326,311
  • Oct 9, 2012 6:46am Oct 9, 2012 6:46am
Quoting X.work
perhaps you could upload a video on Youtube, showing how you do that.

Thank you in advance.
http://www.youtube.com/watch?v=FQ-BbjuRCZg
  • #326,312
  • Oct 9, 2012 6:48am Oct 9, 2012 6:48am
Quoting albchr
Yes buddy, I was joking. But you have to admit that a 24 hour 20 pip range would probably be better served by the 1M

By and large, I find direction on Daily and weekly and trade the 4H and 1H with entries from 30M and 15M. But I can switch around a bit.

Just BORED!!!
Agreed... price can consolidate on any timeframe, the higher the timeframe, the larger the range. Identifying when price is consolidating is key to improving one's trading, but it is not an easy task and requires years of screentime... there is no substitute.

I got in short @1.6036 for a scalp! I missed the top because I was typing... LOL

FF is sucking me in again... I left for a good reason!
  • #326,313
  • Oct 9, 2012 6:48am Oct 9, 2012 6:48am
Quoting redbeben
5995? 5999 ?
5960?

what's just ?
well mines manual, maybe like 95, but tbh if u have a stomach - 78 is the best level

buy more @ 26
  • #326,314
  • Oct 9, 2012 6:49am Oct 9, 2012 6:49am
Quoting redbeben
I just shorted massively 10 lots EU @ 2954 TP 2807 SL 2960

tbhere was something I Liked about one chart
hmmm recalculated to 2872 first
  • #326,315
  • Oct 9, 2012 6:49am Oct 9, 2012 6:49am
Quoting redbeben
http://www.youtube.com/watch?v=FQ-BbjuRCZg
lol
  • #326,316
  • Oct 9, 2012 6:51am Oct 9, 2012 6:51am
Quoting X.work
how do you define direction on H4, while its continually rising like between end of august 2012 to min sept 2012.
If you look at my thread Cable and fibre, you will see how ;-)

Looks like she's going back to the open :-D
@pawpaw1000 on Twitter
  • #326,317
  • Oct 9, 2012 6:51am Oct 9, 2012 6:51am
Quoting redbeben
http://www.youtube.com/watch?v=FQ-BbjuRCZg
  • #326,318
  • Oct 9, 2012 6:52am Oct 9, 2012 6:52am
Quoting Resent
well mines manual, maybe like 95, but tbh if u have a stomach - 78 is the best level

buy more @ 26
if I sold @ 6040 for a 10 pips scale and wanting more is it bad ?

GU on a down mission afterall no ?

the higher we go the better we have a sell opportunity no ?
  • #326,319
  • Oct 9, 2012 6:54am Oct 9, 2012 6:54am
Quoting bbakker
Agreed... price can consolidate on any timeframe, the higher the timeframe, the larger the range. Identifying when price is consolidating is key to improving one's trading, but it is not an easy task and requires years of screentime... there is no substitute.

I got in short @1.6036 for a scalp! I missed the top because I was typing... LOL

FF is sucking me in again... I left for a good reason!
Absolutely!

I'm actully a long from 6022 (for a few hours now) hoping for a better price to short from. 6100ish would be nice...LOL

I know what you mean typing here brother. Add my Mom's needs into the mix and I'm missing stuff all the time!
Ghost Rider - WWTBMD?
  • #326,320
  • Oct 9, 2012 6:54am Oct 9, 2012 6:54am
Quoting redbeben
if I sold @ 6040 for a 10 pips scale and wanting more is it bad ?

GU on a down mission afterall no ?

the higher we go the better we have a sell opportunity no ?
imo retrace due, short squeeze imminent, sh*t data still bid above 1.6 figure . but yes agreed overall like over a week/month down, but just riding waves up and down ^
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