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damonl replied Jul 22, 2010It wouldn't matter, he would be the grinch no matter what.
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damonl replied Jul 22, 2010Looks like we might make it.. lol now how about another big bullish daily bar so I can add another position
I am waiting for a close below my 55 SMA on 5M chart to exit I think....Cable Update (GBPUSD)
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damonl replied Jul 22, 2010Yep.. it definitely came back a bit farther than I would have liked, but if 37 goes, I am out....
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damonl replied Jul 22, 2010I am.. and I think we will be okay. I'm jonesin for another push up today. Also holding Kiwi and Ausi Long, and both of those gave me nice 4hr breakout bars.. hopefully up, up and away for them as well.....
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damonl replied Jul 22, 2010Hey Cloggie.. GM.. I'm still holding but watching.....
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damonl replied Jul 22, 2010[quote=jimobiwan;3891982] I have a seperate chart with BB20 on it, but that is really a scalpers setting in my viewpoint. Best thing is to open up a seperate chart plot 100 and 200 on it and then watch price action around those lines.
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damonl replied Jul 22, 2010Yes, that is the 4:1.. I think I am getting to the point of looking for a larger TP initially, but then watching pricea action along the way and trying to make good decisions.... But my SL is usually 30-50% below the low point at entry of a long. ...
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damonl replied Jul 22, 2010a bit sporadic at best at the moment...
But really I try to buy dips and sell rallies based on the previous weekly candle. So this week again the big money went into longs and smaller money went into my short positions. Lots of times I don't ...Cable Update (GBPUSD)
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damonl replied Jul 22, 2010Thanks Digs.. Yeah, number one rule of thumb was to trade with the trend. I was pretty good at it, but I don't know. Right now am playing on the hourly charts, but actually, it doesn't sound all that bad to me just to play with the 4 Hr charts. I ...
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damonl replied Jul 22, 20101HR chart gave us an indecision candle, but due to the fact that it still bounced up and closed above the 100SMA, I would think shorts could be very risky right now. If this bar closes below the 100SMA, I might think we were headed for another 100 ...
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damonl replied Jul 22, 2010Seems like the battle is on. So far I am not liking the looks of the new 30M candlestick, but too early to make a call on that.
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damonl replied Jul 22, 2010Looks like we may have made it
With any luck, next stop will be to see if we can push through 5300Cable Update (GBPUSD)