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Cable Update (GBPUSD)

  • #272,101
  • Feb 16, 2011 7:46am Feb 16, 2011 7:46am
Quoting Tsar
Hi PhAnTi,

Target DOWN H4 Support @1.5986 Like your said
sell stop 5960 might be ok, but todays range exceeded all.....dont think we will see much further downmove today.
Hero calls followed by margin calls...
  • #272,102
  • Feb 16, 2011 7:48am Feb 16, 2011 7:48am
Short at 6045 target 5935 and long from there to 1.6000 I saw this comming last night got short at 1.6160 stopped at 6175 Woke up today to find we're only half way through the drop
Founder of Sutherland Wave Principle
  • #272,103
  • Feb 16, 2011 7:48am Feb 16, 2011 7:48am
Quoting vosterfxandy
buy?!?! man, u ok!
woooow, keep relaxing bro.

Attached Image (click to enlarge)
Click to Enlarge Name: cableh4.gif Size: 24 KB


lot of support here, and we already dipped 150 pips. so this level might be good for scalps ( as i said it word by word in my previous post ) .
scalps = tg about 10-20 pips.

kind reg

ph.
Hero calls followed by margin calls...
  • #272,104
  • Feb 16, 2011 7:51am Feb 16, 2011 7:51am
Quoting grashid
felt tense n mess trading GU n gold this week ......

will feel better after this...watcha
Hi grashid,

Nice to meet you again, Bro.
Would you like give Opinions about the relationship Geppy and Gold ? Which comes FIRST give Signal ?
Always looking the GREAT, never left GOOD Point...
  • #272,105
  • Feb 16, 2011 7:54am Feb 16, 2011 7:54am
Quoting PhAnTi'
woooow, keep relaxing bro.

Attachment

lot of support here, and we already dipped 150 pips. so this level might be good for scalps ( as i said it word by word in my previous post ) .
scalps = tg about 10-20 pips.

kind reg

ph.
dipped more. eyes on 5960 then.

Phanti
Hero calls followed by margin calls...
  • #272,106
  • Feb 16, 2011 7:55am Feb 16, 2011 7:55am
Quoting PhAnTi'
sell stop 5960 might be ok, but todays range exceeded all.....dont think we will see much further downmove today.
Yeah... I know that's
Cable.........tooo DEEPEST Down !!
Always looking the GREAT, never left GOOD Point...
  • #272,107
  • Feb 16, 2011 7:56am Feb 16, 2011 7:56am
don't like such moves

makes me farty...
  • #272,108
  • Feb 16, 2011 7:57am Feb 16, 2011 7:57am
Congratulation for traders who followed these posts of short opportunities

 

  1. 271993
  2. 272024

GL

  • #272,109
  • Feb 16, 2011 7:58am Feb 16, 2011 7:58am
Quoting PhAnTi'
dipped more. eyes on 5960 then.

Phanti
I bet @ 1.5970 as Second Target, Bro
Always looking the GREAT, never left GOOD Point...
  • #272,110
  • Feb 16, 2011 8:02am Feb 16, 2011 8:02am
Quoting Tsar
Hi PhAnTi,

Target DOWN H4 Support @1.5986 Like your said
Done
Always looking the GREAT, never left GOOD Point...
  • #272,111
  • Feb 16, 2011 8:04am Feb 16, 2011 8:04am
Quoting Black Hole
don't like such moves

makes me farty...
WHY ???
Enjoying your Trade, Bro.
Always looking the GREAT, never left GOOD Point...
  • #272,112
  • Feb 16, 2011 8:24am Feb 16, 2011 8:24am
Quoting Tsar
I bet @ 1.5970 as Second Target, Bro
Attached Image (click to enlarge)
Click to Enlarge Name: cableh4.gif Size: 24 KB



again : this is current level, critical area here between ~5960 and ~6060

hard to say whether daily is pointing down or up....strange month so far for cable.
im sidelined.

Phanti
Hero calls followed by margin calls...
  • #272,113
  • Feb 16, 2011 8:30am Feb 16, 2011 8:30am
For ALL,

( Re-Post #231783 Jun 16, 2010 11:56am and #228090 May 22, 2010 11:41am ) :nerd:


Do you want to be Trader Successfully ??

Without PLANNING or DISCIPLINE, you throw money at the Market.

Technical Analysis (TA) teaches Traders to execute positions based on Numbers, Time and Volume.
MARKETS echo similar Patterns over and over again. Just choose the Good positions & avoid the Bad ones.

You face many crossroads during each Market day. This discipline forces Traders to distance themselves from reckless Gambling behavior.
Through detached execution and solid Risk Management, Short-term trading finally "works".


Follow this Rules :

20 GOLDEN RULES Trading Tactics for Traders
----------------------------------------------------------------

01. Forget the News, remember the Chart. You're not smart enough to know how News will affect price. The Chart already knows the News is coming.

02. Buy the first pullback from a new high. Sell the first pullback from a new low. There's always a crowd that missed the first boat.

03. Buy at support, Sell at resistance. Everyone sees the same thing and they're all just waiting to jump in the pool.

04. Short rallies not selloffs. When Markets drop, Shorts finally turn a profit and get ready to cover.

05. Don't buy up into a Major moving average or sell down into one. See #3.

06. Don't chase momentum if you can't find the exit. Assume the Market will reverse the minute you get in. If it's a long way to the door, you're in big trouble.

07. Exhaustion gaps get filled. Breakaway and continuation gaps don't. The old traders' wisdom is a lie. Trade in the direction of GAP support whenever you can.

08. Trends test the point of last support/resistance. Enter here even if it hurts.

09. Trade with the TICK not against it. Don't be a HERO. Go with the money flow.

10. If you have to look, it isn't there. Forget your college degree and Trust your Instincts.

11. Sell the second High, buy the second Low. After sharp pullbacks, the first test of any high or low always runs into resistance. Look for the break on the third or fourth try.

12. The trend is your friend in the last hour. As volume cranks up at 3:00pm don't expect anyone to change the channel.

13. Avoid the open. They see YOU coming sucker.

14. 1-2-3-Drop-Up. Look for downtrends to reverse after a top, two lower highs and a double bottom.

15. Bulls live above the 200 day, Bears live below. Sellers eat up rallies below this key moving average line and buyers to come to the rescue above it.

16. Price has memory. What did price do the last time it hit a certain level? Chances are it will do it again.

17. Big volume kills moves. Climax blow-offs take both buyers and sellers out of the market and lead to sideways action.

18. Trends never turn on a dime. Reversals build slowly. The first sharp dip always finds Buyers and the first sharp rise always finds Sellers.

19. Bottoms take longer to form than tops. Fear acts more quickly than greed and causes stocks to drop from their own weight.

20. Beat the crowd in and out the door. You have to take their money before they take yours, period.
Always looking the GREAT, never left GOOD Point...
  • #272,114
  • Feb 16, 2011 8:45am Feb 16, 2011 8:45am
Petar,

I've visited the forexfaktor.com but unfortunately no English, do you have any idea?
  • #272,115
  • Edited 9:07am Feb 16, 2011 8:52am | Edited 9:07am
Quoting PhAnTi'
Attachment


again : this is current level, critical area here between ~5960 and ~6060

hard to say whether daily is pointing down or up....strange month so far for cable.
im sidelined.

Phanti
I'm FLAT Now...
Thank's so much, Bro
Always looking the GREAT, never left GOOD Point...
  • #272,116
  • Feb 16, 2011 9:00am Feb 16, 2011 9:00am
Quoting Tsar
I'm FLAT Now...
Thank's so much
i take visa,mastercard and paypal
Hero calls followed by margin calls...
  • #272,117
  • Feb 16, 2011 9:09am Feb 16, 2011 9:09am
Quoting PhAnTi'
i take visa,mastercard and paypal
Woooow..... Congrat for you !
Always looking the GREAT, never left GOOD Point...
  • #272,118
  • Feb 16, 2011 9:20am Feb 16, 2011 9:20am
Hello All,

I am somewhat new to trading. Just curious for opinions of what i should do.

I am holding one Long Position at 1.60770 with a SL of 1.5990.
I also put in a long at 1.6016 to try and recover some losses from earlier this morning.

Am i taking the right positions? or should i close them off and take the loss, and start on a fresh trade?

thanks for the opinions!
  • #272,119
  • Feb 16, 2011 9:28am Feb 16, 2011 9:28am
I was already FF Member for 13 Months.

Only 2 People who can provide more Value in My Heart,
They are TheGabriel and PhAnTi '

I give a call PhAnTi ' as Amazing Man
and call TheGabriel as Miracle Man
They're both the same age 19 years as Younger GOOD TRADER
Always looking the GREAT, never left GOOD Point...
  • #272,120
  • Feb 16, 2011 9:50am Feb 16, 2011 9:50am
Quoting navhin
added another short @ 2.1460 SL 2.1540 TP 2.1100
closed both my gbp/nzd shorts for +219 pips...
Attached Image (click to enlarge)
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