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- cloggie replied Jun 22, 2010
Ah, just to throw a spanner in the works, I hardly ever use a SL, at least until a trade is sufficiently in profit.
Cable Update (GBPUSD)
- cloggie replied Jun 22, 2010
I just realised he has buggered off. Starts complaining that he doesn't understand it and when someone tries to talk him through it he buggers off. Why do I even try, why oh why.
Cable Update (GBPUSD)
- cloggie replied Jun 22, 2010
Put up a 25 and 150 ma on fibre M5 and M15, the M5 shows a rejection of the fast, so good for 10-20 pips on the short side here, especially as the trend on the M15 (150ma) is still down and the 25 has crossed on the M15, next target is a significant ...
Cable Update (GBPUSD)
- cloggie replied Jun 22, 2010
Stand back from the charts after a large move on the M1 or M5 when it is starting to consolidate in a tight range and you can see the fast MA catching up to the price, this is a very important and often misunderstood point of MA trading, price is ...
Cable Update (GBPUSD)
- cloggie replied Jun 22, 2010
No you are right, MA's are very laggy but using supporting SR points skew the odds in your favour. MA trading is based on the principle that the market returns to a norm over time and as long as you trade towards the norm on the moves away you have ...
Cable Update (GBPUSD)
- cloggie replied Jun 22, 2010
The important part in any MA trading is finding a slow and a fast ma that works for you. Use the fast ma for your PA and the slow one for your trend, so trade the bounces of the fast ma in the direction of the slow one. Also the good trades are when ...
Cable Update (GBPUSD)
- cloggie replied Jun 22, 2010
Yeah fine, enjoying the WC now. Other then that it is a quiet summer, Cable is consolidating on the weekly and its share in my profits has dropped by quite a bit so am concentrating on fibre instead lately. How's the book?
Cable Update (GBPUSD)
- cloggie replied Jun 22, 2010
I don't like the pattern right now on Cable, staying out. Still want to see how 4862 is going to hold.
Cable Update (GBPUSD)
- cloggie replied Jun 22, 2010
Look at your daily and weekly, we are consolidating here. Compare this to last February. Just play the range.
Cable Update (GBPUSD)
- cloggie replied Jun 22, 2010
Yup, the below are some common ones. GBPUSD Cable EURUSD Fibre USDCHF Swissy AUDUSD Ozzie/Aussie USDCAD Loonie (cause the Canucks are nuts) EURJPY Yuppie EURGBP Chunnel GBPJPY Gopher NZDUSD Kiwi USDJPY Ninja
Cable Update (GBPUSD)
- cloggie replied Jun 22, 2010
Yeah fine, how is Killie2? I keep coming back until one of trolls p1sses me of enough to go away for a while again, sucker for punishment I guess.
Cable Update (GBPUSD)
- cloggie replied Jun 22, 2010
Guess when the Amero comes out we will call it Satty.
Cable Update (GBPUSD)
- cloggie replied Jun 22, 2010
No such thing as a stupid question, only stupid answers. Cable is named after the first transatlanctic telegraph cable from London to NY to get prices across the Atlantic, Fibre is named after the fibre optic replacement (EURUSD), the names were ...
Cable Update (GBPUSD)
- cloggie replied Jun 22, 2010
It is the summer season and cable tends to slow down quite a bit in the afternoons, always a good time to have a look at fibre.
Cable Update (GBPUSD)
- cloggie replied Jun 22, 2010
That was childish, the French manager refusing to shake the hand of the SA manager.
Cable Update (GBPUSD)