Cable Update (GBPUSD)
- #332,562
- Dec 18, 2012 9:06am Dec 18, 2012 9:06am
I have to be honest, I have no idea how you're reading all that but if you're making consistent profits with it then nice one
Here are the positions i have now which are taken with the circles and some other geometric tools...ı think it will give an idea ...
Regards..
Imagination rules the world ...
Selym Hyll Return This Year:
na
- #332,563
- Dec 18, 2012 9:14am Dec 18, 2012 9:14am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Thanks , NAV - You wanna see my losses ?
u have reading reading GU brilliant
- #332,564
- Dec 18, 2012 9:51am Dec 18, 2012 9:51am
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
hopefully they not significant..
u have reading reading GU brilliant
With 3 days out of the 9 days (demand ) left , am thinking...
- #332,566
- Dec 18, 2012 11:18am Dec 18, 2012 11:18am
I don't see any resistance from here to 300, does anyone else?
- #332,567
- Dec 18, 2012 11:41am Dec 18, 2012 11:41am
- | Joined Jun 2009 | Status: Trader | 1,198 Posts
Zoom out on the 4 hour/look at the daily-there's your resistance. Good e.g. of why taking 50-75% off a winning trade is a good idea. Will it continue to go up? Maybe. But some big longer term orders could kick in. But they might not. But at this point you'll have removed most of the profits, left about 25% in to see if it'll ride up even more and not worry about it too much
you read my mind, I locked in some pips earlier, so even if it doesn't touch 300 I still have some profit.
- #332,568
- Dec 18, 2012 11:42am Dec 18, 2012 11:42am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I'm Hanging in there ..
With 3 days out of the 9 days (demand ) left , am thinking...
- #332,569
- Dec 18, 2012 12:09pm Dec 18, 2012 12:09pm
I don't see any resistance from here to 300, does anyone else?
We stall here on H4 for more gas for further push. Keep buying until trend changes.
Numbers NEVER Lie
- #332,571
- Dec 18, 2012 12:54pm Dec 18, 2012 12:54pm
- | Joined Jun 2009 | Status: Trader | 1,198 Posts
I Agree
nice confluence of opinions
- #332,573
- Dec 18, 2012 2:51pm Dec 18, 2012 2:51pm
I'm Hanging in there ..
With 3 days out of the 9 days (demand ) left , am thinking...
Don't mind me I'm sticking to "The trend is your friend until the end". I have no targets until a reversal presents itself. Good trading Tao...Someday I want to be like you.GL
Numbers NEVER Lie
- #332,574
- Dec 18, 2012 4:50pm Dec 18, 2012 4:50pm
- | Joined Jun 2009 | Status: Trader | 1,198 Posts
So It seems
My friend, I move with green, its my "friend"
- #332,576
- Dec 18, 2012 4:54pm Dec 18, 2012 4:54pm
- | Joined Jun 2009 | Status: Trader | 1,198 Posts
I would be highly surprised if we dont touch 300 this week. The momentum is strong. Easier to move with the wave than against it. Thats the best advice I can give for this game.
I guess if my current philiosphy doesnt work, I can always give the submarine radar system a try
just kidding
- #332,577
- Dec 18, 2012 6:55pm Dec 18, 2012 6:55pm
- | Joined Dec 2011 | Status: Rags to riches | 1,316 Posts
Oh yeah 6308 is the second resistance we need to tackle & its going to get there since we are trending up. We might even see 6610 this year.
This is a nice chart and gives a clear indication as to the current level of importance, not a bad risk reward for shorts here and it could see a large ride down over the first quarter of 2013.
Good luck all,
Short from here on both pound and Euro. No Stop Loss as i have sufficient to cover it in account regardless.
1.625 pound targetting 1.54
1.317 Euro targetting 1.22
Target is maybe 2/3 months away.
Peace and prosperity to you all and good luck for 2013....
Money never sleeps...
