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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting Qu|cksilver
Hi,
Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?
Yes, I Agree
I wouldn't be too bearish on Cable.
"I made all my money by selling too soon"
Quoting BadTradingFi
Thanks again, more notes to take

I can't help but think up myself now as it's gone back above that trend line, which of course means I'd go long and kill BB's trade and you and Quicky can cash in!

Be a bit sensible about it, she moved up 80 pips from the low in pretty much a straight line back to the Franky open, jumping into a long now will not have a great chance of success, she is due for a bit of consolidation before she either continues or reverses. Your skill comes in identifying when and how she leaves each area of consolidation, get a confirmation of direction and you are probably good for another few dozen pips, the longer it takes you to identify that direction the smaller your chance of success becomes and the smaller your profit. This is why you need to choose a TF that suits you, one where you can identify the moves from either reversals or continuation and stick to that TF, hone your skills on exits an entries and identifying areas of repeating PA.

Right now we are back at the resistance formed by the London breakout, before she moved straight to the day's low. A big line in the sand for today, identifying where she goes from here should be good for some good money.
Quoting forexlion
Yes, I Agree
that was 19 November 2006
"Invest With The Insiders, Not The Masses" George Muzea
Quoting Qu|cksilver
am selling at 1.4550
Careful Qu, she's on the retrace track now, i'm seeing 1.4700 1st level and 1.4800 2nd level....

Good Luck
Veni, Vidi, Vici (We came, we saw, we conquered)
i short again at 4570
i think cable will bearish starting from now
"Invest With The Insiders, Not The Masses" George Muzea
Me to short @ 4581
Quoting cloggie
Be a bit sensible about it, she moved up 80 pips from the low in pretty much a straight line back to the Franky open, jumping into a long now will not have a great chance of success, she is due for a bit of consolidation before she either continues or reverses. Your skill comes in identifying when and how she leaves each area of consolidation, get a confirmation of direction and you are probably good for another few dozen pips, the longer it takes you to identify that direction the smaller your chance of success becomes and the smaller your profit....

I'll get it eventually. Direction I usually get right, but at the wrong time. Either enter when the run is ending, or on a retrace, then get stopped out (if I was clever enough to put a SL on) then it carries on in the right direction.

I'm looking again at how things play out now, just trying to get my entry/exits sorted. I'd be happy at an average +20 pips a day (saying that, who wouldnt probably) and to try to build on that, although the odd bigger one wouldnt go amiss

Thanks for your patience though, I know I test it!
Back to basics, it has to be for me!
Quoting egkid
My Red line on my Previous weekly chart 79.50 Bottom as u said
But here daily DX And my Target IS.... 86 (Red line)
4H Possible double bottom soon
I could be wrong but this how i see things
Current DX 80
Hope that help

GL ALL
I'm not sure what will happen next but DX reach my Target from 80 to 86
Quoting Qu|cksilver
that was 19 November 2006
yeah

i loved those days

by the way, i got a chart to show and some targets

http://img38.imageshack.us/img38/5693/13561911.gif

do you agree on 1.2500 or 1.0500

http://img695.imageshack.us/img695/5620/getk.gif
Quoting Qu|cksilver
that was 19 November 2006
I was wondering what that post was all about .. 1.90?? From 1.45? Wonder what sort of coalition they'd have to form in UK to make that happen, some soul-selling might be involved ...
******************* I'd rather make money than be right.
Quoting BadTradingFi

I'll get it eventually. Direction I usually get right, but at the wrong time. Either enter when the run is ending, or on a retrace, then get stopped out (if I was clever enough to put a SL on) then it carries on in the right direction.

I'm looking again at how things play out now, just trying to get my entry/exits sorted. I'd be happy at an average +20 pips a day (saying that, who wouldnt probably) and to try to build on that, although the odd bigger one wouldnt go amiss

Thanks for your patience though, I know I test it!

Key here is 4593, if that goes 4633 is next, if it holds we are going back towards the low.
Quoting forexlion
yeah

i loved those days

by the way, i got a chart to show and some targets

http://img38.imageshack.us/img38/5693/13561911.gif

do you agree on 1.2500 or 1.0500

http://img695.imageshack.us/img695/5620/getk.gif
The wave 4 on monthly has still not completed, its tentative

which means we will see an upthrust once more before the big drop down
On the other hand ... if the dollar collapsed .. but that would 'never' happen ... MUUhahahahahaha.....

Quoting 4xStar
I was wondering what that post was all about .. 1.90?? From 1.45? Wonder what sort of coalition they'd have to form in UK to make that happen, some soul-selling might be involved ...
******************* I'd rather make money than be right.
Quoting cloggie
Key here is 4593, if that goes 4633 is next, if it holds we are going back to the low.
Would you not put orders in to cover either way then, e.g. some short 14565 and long at 14650 or prefer to watch it to account for spikes?
Back to basics, it has to be for me!
Quoting BadTradingFi
Would you not put orders in to cover either way then, e.g. some short 14565 and long at 14650 or prefer to watch it to account for spikes?

You know my analogy by now, have used it plenty of times; I always wait for the river to start flowing before I join the flow. I don't like smelly fingers.

Succesful day trading means you need to find a way to identify the small segments of 60-90 pips or so that Cable tends to travel in, traders like BB have larger targets and ignore those smaller retraces. You need to find a trading style that suits you, either along the lines of BB and wormboy targeting larger 200 pip moves, traders like kill who take the 20-30 pip runs and are in and out numerous times during the day, or others that find those 60-90 pip runs for 3-4 times a day (which is more my style)
Quoting cloggie
You know my analogy by now, have used it plenty of times; I always wait for the river to start flowing before I join the flow. I don't like smelly fingers.
LOL, good point, I really dont know why I asked. Back to the background now to look for the signs......
Back to basics, it has to be for me!
dow getting ready to collapse

http://img638.imageshack.us/img638/9179/dowb.gif
Quoting forexlion
The wave 4 on monthly has still not completed, its tentative

which means we will see an upthrust once more before the big drop down
could be..
"Invest With The Insiders, Not The Masses" George Muzea
I have closed my short and takeninggggggggggggggggg Long @ 1.4571, this would be confirmed when i have a break @ 1.4615. My trade who cares to know why let me know. first target pivot, then R1 if pivot breaks....... EVERYTHING IS POSSIBLE........
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