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- cloggie replied May 12, 2010
There was never going to be a short here, please go read Magix's thread as an immediate start to getting yourself back on track
Cable Update (GBPUSD)
- cloggie replied May 12, 2010
The best thing David could do now is call in the IMF for a public audit, which is going to be devastating and will keep Labour out for a generation. Any cut necessary can be squarely put at Labours door, brilliant. 500 seats next election.
Cable Update (GBPUSD)
- cloggie replied May 12, 2010
I thought it presumptious so I deleted the post, however it was already quoted by some. I am not going to go into detail on how to trade the London Open, there are plenty of threads on the topic on several forums. I use all TF's but mainly M15/30 as ...
Cable Update (GBPUSD)
- cloggie replied May 12, 2010
Start at Magix's thread, you can't do much wrong using some of his techniques as a starting point. Also find a London Breakout plan you like as there is always a move there.
Cable Update (GBPUSD)
- cloggie replied May 12, 2010
A cable trading day can be broken down in simple parts, we have a move on London Open, followed by a retrace (unless there is news and we have a continuation), we then have NY trying to set either a higher high or a lower low and a retrace during ...
Cable Update (GBPUSD)
- cloggie replied May 12, 2010
Please pay attention in the back, pretty obvious he closed it at 4895
Cable Update (GBPUSD)
- cloggie replied May 12, 2010
We are back where we started, right in between the Franky and London open.
Cable Update (GBPUSD)
- cloggie replied May 12, 2010
I expected NY to take a run at the low. And that news was actually not bad at all, hardly a blip in trade balance with the dollar appreciating against all the majors is good news.
Cable Update (GBPUSD)
- cloggie replied May 12, 2010
Second one gone, now we got that out of our system lets look at a longer term direction here.
Cable Update (GBPUSD)
- cloggie replied May 12, 2010
Yeah, took the run up and the run down as we are back at the London open, I am flat, not a scalper.
Cable Update (GBPUSD)
- cloggie replied May 12, 2010
Just a little hint, when posting charts select, "active chart" to keep your account number off. Looks like NY is giving us a sneaky short for the scalpers. 4918 and 4898 are the ones to watch trading this, not to my liking.
Cable Update (GBPUSD)
- cloggie replied May 12, 2010
Sorry, buddy the PA just proved my point, a SL above a logical resistance would have put him in profit now. To each their own.
Cable Update (GBPUSD)
- cloggie replied May 12, 2010
Any trade with only a 15 pip SL on Cable is not going to have a great chance right from the start.
Cable Update (GBPUSD)
- cloggie replied May 12, 2010
I got in at the London open once PA was clearly bullish and got out at the resistance of H4, scaling in and out is a trading style I use often. Don't be too upset with your entry, you are up 70 pips. Just watch the unemployment figures due out in 3 ...
Cable Update (GBPUSD)
- cloggie replied May 12, 2010
She has some oomph left in her, could we see 5053 on this run? Am watching the PA closely, not going to short this yet.
Cable Update (GBPUSD)