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Cable Update (GBPUSD)

  • #358,241
  • Jan 13, 2014 6:01am Jan 13, 2014 6:01am
Quoting TauTrader
Still looking to scalp long.. next 6 minutes will tell me to either hold or cut. All the best
It wants me to hold a bit ..

Now to average down..

Regards
  • #358,242
  • Jan 13, 2014 6:03am Jan 13, 2014 6:03am
Quoting TauTrader
{quote} It wants me to hold a bit .. Now to average down.. Regards
You still long Tau?

Yeah, reckon we should go up from here too. Trailing my SL down with PA but as posted this morning, this area should be the place where we go long

SL 64495 changed to 6451
@pawpaw1000 on Twitter
  • #358,243
  • Jan 13, 2014 6:07am Jan 13, 2014 6:07am
i think we might confirm shorting today 1.66 was our top we have had a pull back ti 61.8 fib on the way down now after this morning retrace off 50% FIB just need to break 1.6246n and somebody asked about 1.619 ish on friday that is 23.6 fib on the day chart ,so that could be a target ///// only my opinion
  • #358,244
  • Jan 13, 2014 6:15am Jan 13, 2014 6:15am
Quoting TauTrader
{quote} It wants me to hold a bit .. Now to average down.. Regards
Have to keep average entry as close as possible to current price to turn a profit

Regards
  • #358,245
  • Jan 13, 2014 6:16am Jan 13, 2014 6:16am
Quoting pawpaw1000
{quote} You still long Tau? Yeah, reckon we should go up from here too. Trailing my SL down with PA but as posted this morning, this area should be the place where we go long SL 64495 changed to 6451
Yip, sir

But do not mind me..

I'm kicking tyres on my indicators.. stress test if you will..

All success
  • #358,246
  • Jan 13, 2014 6:19am Jan 13, 2014 6:19am
Quoting TauTrader
{quote} Yip, sir But do not mind me.. I'm kicking tyres on my indicators.. stress test if you will.. All success
Ok I'd be careful, looks like she wants 6407 1st before going up... Will see!

I've got SL 6449 and TP 6407 but will be watching PA at 6432 and 6427
@pawpaw1000 on Twitter
  • #358,247
  • Jan 13, 2014 6:20am Jan 13, 2014 6:20am
Quoting pawpaw1000
{quote} how about the levels I've been calling before every trade?
Speaking of levels you've been calling...

you mean this level:

(1 hr 26 min ago)
Quoting pawpaw1000
{quote} I'm looking for 6524
.... or you rather prefer this level:

(6 min ago)
Quoting pawpaw1000
Initial TP 6427 and if we break the low 6407
.....or you prefer to wait and see which one hits first

and ONLY THEN run your victory laps.....
Hear the music before the song is over ...
  • #358,248
  • Jan 13, 2014 6:23am Jan 13, 2014 6:23am
Quoting GlobalMacro
{quote} Speaking of levels you've been calling... you mean this level: {quote} .... or you rather prefer this level: {quote} .....or you prefer to wait and see which one hits first and ONLY THEN run your victory laps.....


Like I said, don't have time to debate you here, I've made my point.

I was short from the open and took profits at 6442 as mentioned. Then tried a long but got stopped at BE and then tried a short and am still in.

Anyone who has been here since LO knows that.

Initial TP means taking 60% off the table?

Good luck with your trading mate. I hope you can get out of your box one day ;-)

PS Go read Cloggies posts, you could learn something
@pawpaw1000 on Twitter
  • #358,249
  • Jan 13, 2014 6:29am Jan 13, 2014 6:29am
Just took 60% at 6431

TP for rest at 6408 as my level is 6407
@pawpaw1000 on Twitter
  • #358,250
  • Jan 13, 2014 6:35am Jan 13, 2014 6:35am
Quoting pawpaw1000
Just took 60% at 6431 TP for rest at 6408 as my level is 6407


For those who are here to share and learn...

1st leg was 52.6 pips and that is how I am projecting a target of 6407. Not the only reason but one of maybe 4 reasons.

Between 6407 and 6428 (current price) there is ALOT OF SUPPORT! That is why I took some profit off the table and am even looking for a possible long but will probably have to wait for NY.
Attached Image (click to enlarge)
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@pawpaw1000 on Twitter
  • #358,251
  • Jan 13, 2014 6:47am Jan 13, 2014 6:47am
Quoting chazzle
sneaky bastards ... however ... can't be long till that momentum is reversed ... bearish unless 450 comfortably re-taken
Quoting pawpaw1000
Let me help you out here: Look at my chart and show me where you see a bearish sign?
you jump on me for being intraday bearish and your 2/3 successful trades are both shorts?

Now let me help you out:

stop acting like a dick and you'll get on better here - and be aware that not everyone is looking for a guru
  • #358,252
  • Jan 13, 2014 6:50am Jan 13, 2014 6:50am
Quoting pawpaw1000
{quote} Thanks, need to stick to the plan here... She looks like she will drop more but I'm not going to give up any profits and need to stick to my plan! Plan is UP so any shorts are just scalps... Would like to build a long position today and add on the way up. We are at my levels now.... Let's see what the bulls can bring? {image}
My chart from LO is very valid here...
@pawpaw1000 on Twitter
  • #358,253
  • Jan 13, 2014 6:51am Jan 13, 2014 6:51am
Quoting chazzle
{quote} {quote} you jump on me for being intraday bearish and your 2/3 successful trades are both shorts? Now let me help you out: stop acting like a dick and you'll get on better here - and be aware that not everyone is looking for a guru


Difference is, you said the top is in... I'm still bullish to go and test 6600. That is what we were talking about, not shorter term trades for 30 - 50 pips
@pawpaw1000 on Twitter
  • #358,254
  • Jan 13, 2014 6:58am Jan 13, 2014 6:58am
Posted on $EURUSD thread

Quoting pawpaw1000
Closed remaining at 6433 here... Off until NY Open. Good trading ;-)
@pawpaw1000 on Twitter
  • #358,255
  • Jan 13, 2014 7:00am Jan 13, 2014 7:00am
5 pips from BE long
  • #358,256
  • Jan 13, 2014 7:00am Jan 13, 2014 7:00am
Quoting pawpaw1000
Difference is, you said the top is in... I'm still bullish to go and test 6600. That is what we were talking about, not shorter term trades for 30 - 50 pips
said absolutely nothing of the sort ... and I was talking intraday

... and you're still being a dick
  • #358,257
  • Jan 13, 2014 7:01am Jan 13, 2014 7:01am
out of here - g/l
  • #358,258
  • Jan 13, 2014 7:11am Jan 13, 2014 7:11am
80% closed shorts 1.6421 will add more on the next retrace if looks good the rest is going to 1640
  • #358,259
  • Jan 13, 2014 7:22am Jan 13, 2014 7:22am
greed or fear which is hardest to overcome , i just give in to fear, but i dont mind
  • #358,260
  • Jan 13, 2014 7:28am Jan 13, 2014 7:28am
breaking the trendline and 200sma 4hr adding more when pos target 6337
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