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Infinity replied Sep 10, 2008It is a risky trade but he knows what he is doing... I think he is looking for a retracement to the 15m 50 or 4h 5/10.. Eohater.... you got balls ...
Cable Update (GBPUSD)
- Infinity replied Sep 10, 2008
I would love to see retracement to the 4h 5sma, or the 15m 50ema...
Cable Update (GBPUSD)
- Infinity replied Sep 9, 2008
7706 I am not saying the retracement is here...I am saying there is indecision in the markets right now and it can go either way. I will wait for a break of the inside bar on the daily to place a trade, long or short.... I have a feeling that when ...
Cable Update (GBPUSD)
- Infinity replied Sep 9, 2008
Yup.... I think if we break yesterday's high, we are going to test the 4h 50ema. Also....looking at the weekly, a bigger retracement could be on soon...
Cable Update (GBPUSD)
- Infinity replied Sep 9, 2008
I think a break of the inside bar on the daily will be telling....
Cable Update (GBPUSD)
- Infinity replied Sep 9, 2008
Are you chick? You seem to love arguments. I have said my piece, go fly a kite or something... I don't have time to waste.
Cable Update (GBPUSD)
- Infinity replied Sep 9, 2008
It is not the holy grail by any means, but it acts as support/resistance. When in a downtrend, it is a good place to short a retracement and the opposite is true. It works more often than not and it is simple.
Cable Update (GBPUSD)
- Infinity replied Sep 9, 2008
Trade when you feel like steelhead.... don't tell me when to trade, I don't give a damn when you trade.. I trade setups when I see them and I trade this session for many pips many times....
Cable Update (GBPUSD)
- Infinity replied Sep 9, 2008
This was a good trade..
I don't know the reasoning behind you taking the trade but I had an order at 40 which was the 62ema on the 1h chart. It was closed for 40 pips... For all who don't use the 62ema on the 1h chart, you are missing out ...Cable Update (GBPUSD)