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Cable Update (GBPUSD)

  • #327,481
  • Oct 19, 2012 4:57am Oct 19, 2012 4:57am
Quoting Bones
h4
Hmmm...hadn't looked at it that way.
Ghost Rider - WWTBMD?
  • #327,482
  • Oct 19, 2012 4:58am Oct 19, 2012 4:58am
Quoting Bones
h4

man ..i swear we see the same things..i think its a flag (likely to form) which will break south..

tone we need to break the bottom trendline..so consolidation here is great..
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  • #327,483
  • Oct 19, 2012 5:06am Oct 19, 2012 5:06am
Quoting Freshpips
Small short @ 1.6061
going to watch this one...
Not sure if 20 pips sl sufficient...

But due to targeting days low as first TP, not good RR to risk much more...
  • #327,484
  • Oct 19, 2012 5:08am Oct 19, 2012 5:08am
Quoting nAVIN2007
man ..i swear we see the same things..i think its a flag (likely to form) which will break south..

tone we need to break the bottom trendline..so consolidation here is great..
Gotta love the difference in time zones and brokers. My 8H as of now.
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Ghost Rider - WWTBMD?
  • #327,485
  • Oct 19, 2012 5:09am Oct 19, 2012 5:09am
Quoting Freshpips
Not sure if 20 pips sl sufficient...

But due to targeting days low as first TP, not good RR to risk much more...
1.6074..should be ok..
problem is u cant be to accurate cause we can spike up and still form the correct PA for down (ie bearish pin on L.T.F)..this is the only reason i dont have major tight stops

L.T.F = lower time frame
  • #327,486
  • Oct 19, 2012 5:10am Oct 19, 2012 5:10am
In respect of completed fractal swings 4hr has seena L at yesterday's Low and is ranging with a current downside biais...hammer candle has closed closed on this t/f on this broker feed. 50% of the recent main 6177-6031 move is @ 6105...price currently trades below the daily,weekly and monthly pivots.

G/L
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ex member
  • #327,487
  • Oct 19, 2012 5:10am Oct 19, 2012 5:10am
Quoting albchr
Gotta love the difference in time zones and brokers. My 8H as of now.

the lines should fit clean..notice on mine there perfect
  • #327,488
  • Oct 19, 2012 5:14am Oct 19, 2012 5:14am
Quoting nAVIN2007
1.6074..should be ok..
problem is u cant be to accurate cause we can spike up and still form the correct PA for down..this is the only reason i dont have major tight stops

Your not wrong Nav

Duly noted.

Appreciated bro.
  • #327,489
  • Oct 19, 2012 5:15am Oct 19, 2012 5:15am
Quoting nAVIN2007
the lines should fit clean..notice on mine there perfect

LOL...I prefer to "average" mine. And as long as it ain't broken, I don't move it. (As I was taught by Azim)

But I was refering to the candles anyway.
Ghost Rider - WWTBMD?
  • #327,490
  • Oct 19, 2012 5:16am Oct 19, 2012 5:16am
Quoting Freshpips
Your not wrong Nav

Duly noted.

Appreciated bro.
1.6065 should hold bro..me hopes
  • #327,491
  • Oct 19, 2012 5:19am Oct 19, 2012 5:19am
Quoting albchr
LOL...I prefer to "average" mine. And as long as it ain't broken, I don't move it. (As I was taught by Azim)

But I was refering to the candles anyway.
one of those variables to finish us off..man i hope the big guns arent following my posts
  • #327,492
  • Oct 19, 2012 5:22am Oct 19, 2012 5:22am
Quoting nAVIN2007
one of those variables to finish us off..man i hope the big guns arent following my posts
Have you noticed I haven't been posting my trade details in my thread anymore?

Taking what Red said with a grain of salt but....I've always wondered and it does make sense. If I were a big gun, I'd have somebody watching for sure.
Ghost Rider - WWTBMD?
  • #327,493
  • Oct 19, 2012 5:24am Oct 19, 2012 5:24am
Quoting Freshpips
Small short @ 1.6061
going to watch this one...

reloaded @ 1.6064
  • #327,494
  • Oct 19, 2012 5:27am Oct 19, 2012 5:27am
Quoting albchr
Have you noticed I haven't been posting my trade details in my thread anymore?

Taking what Red said with a grain of salt but....I've always wondered and it does make sense. If I were a big gun, I'd have somebody watching for sure.
we have such small money..we dont even make a difference..but if people think yur good..they can watch and this makes a slight difference..this is why i sometime dont like posting even ..

we all develop insecurities..and what not..every1 is bait for someone else
  • #327,495
  • Oct 19, 2012 5:27am Oct 19, 2012 5:27am
Quoting Freshpips
reloaded @ 1.6064
it went right to the friggin pip..
  • #327,496
  • Oct 19, 2012 5:29am Oct 19, 2012 5:29am
Quoting albchr
You beat me too it Tony. And in fact, it's already hit.

Leveraged, (and I hope that's just a name and not a description of your account)

Very few traders can trade consistently successful with such a small stop. Myself included especially GU which can bounce 20/50 pips in a heartbeat. 10/20 stops can and will eat away at your account over time.

May I ask what TF you trade from?

My entry I use a 2 pip range bar. but I start looking for setups off from a 30-min down to an 8 min bar chart
  • #327,497
  • Oct 19, 2012 5:32am Oct 19, 2012 5:32am
Quoting nAVIN2007
it went right to the friggin pip..

Quick fingers

Doesnt seem to want to go down though

Need 64/65 to contain price...
  • #327,498
  • Oct 19, 2012 5:35am Oct 19, 2012 5:35am
Quoting nAVIN2007
we have such small money..we dont even make a difference..but if people think yur good..they can watch and this makes a slight difference..this is why i sometime dont like posting even ..

we all develop insecurities..and what not..every1 is bait for someone else
When I was 7 my self employeed and quite wealthy grandfather told me..."Son, you just watch the pennies and the dollars will take care of themselves".

Buddy, I'm afraid we retail traders ARE the pennies!
Ghost Rider - WWTBMD?
  • #327,499
  • Oct 19, 2012 5:39am Oct 19, 2012 5:39am
Quoting albchr
When I was 7 my self employeed and quite wealthy grandfather told me..."Son, you just watch the pennies and the dollars will take care of themselves".

Buddy, I'm afraid we retail traders ARE the pennies!
As we speak, there are 61 people reading this thread and 191 people reading EUR/USD thread. This would make up quite big office (trading floor).

Chances are, we are being watched....
  • #327,500
  • Oct 19, 2012 5:42am Oct 19, 2012 5:42am
Quoting leveraged
My entry I use a 2 pip range bar. but I start looking for setups off from a 30-min down to an 8 min bar chart
OK, so you are definitely looking at the nitty gritty down in the trenches.

How is it working for you overall?

I can't trade that low. Makes my head hurt...LOL

I'll take trades from down to the 15M and I'll only "watch" below that depending on market conditions at the time.

But for the most part, 15M to 4H give me my signals with daily and weekly leading the way.
Ghost Rider - WWTBMD?
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