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Cable Update (GBPUSD)

  • #64,621
  • May 7, 2008 3:15pm May 7, 2008 3:15pm
Quoting Carrera
Well guys, this is our position right now.

We need to go north.
that is the work of pure comic genius lol!
Trading is 80% Emotional, 20% Technical
  • #64,622
  • May 7, 2008 3:22pm May 7, 2008 3:22pm
Your on form today Carrera lol , really glad your doing well in your fx account too

Im paying for spending too much time with my charts last week, by having to put in extra hours at work this week lol

So no trading for me right now

Quoting Carrera
Well guys, this is our position right now.

We need to go north.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #64,623
  • Edited 3:33pm May 7, 2008 3:22pm | Edited 3:33pm
Quoting Carrera
Well guys, this is our position right now.

We need to go north.
http://www.forexfactory.com/attachme...1&d=1210190523
Carrera,

I love the chart!

10/10 for creativity
I'll give you the score on analysis at the end of tomorrow but I think it'll be 10 also

I've kept away from Cable for a few days as the pattern has been crap since last week and I suffered a loss due to sloppy trading in sloppy conditions.
I see an excellent Bull move lining up here. All going well, I'll pull my trigger from a 3 hr candle at 7am London time, but at this stage, I can see a text book trade lining up on the 3hr (and 4hr).

Rob
  • #64,624
  • May 7, 2008 3:34pm May 7, 2008 3:34pm
Your thanking me Jim ?
Really you have been a breath of fresh air, I am busy studying your 89 smoothly set up and it looks really great on the 5 min for trailing a position.:nerd:

Price has been unable to take out the red 21 all day and price is now consolidating

Quoting hard1head1
Yhank you Bones for turning me on to this 1 Hr chart. I was having ecellent results trading with hust the 5,15 and 4 Hr. Now I am getting longer termquick entries on the 1 Hr. Like the Tweezer Tops and the Red spinners told me this was heading down last night, I loaded up with 2 lots and let her ride.

Thanks again, Bones
Attached Image (click to enlarge)
Click to Enlarge Name: 5.gif Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #64,625
  • May 7, 2008 3:40pm May 7, 2008 3:40pm
Quoting Carrera
Well guys, this is our position right now.

We need to go north.
that's we need...
  • #64,626
  • May 7, 2008 3:42pm May 7, 2008 3:42pm
Quoting priceaction
Carrera,

I love the chart!

10/10 for creativity
I'll give you the score on analysis at the end of tomorrow but I think it'll be 10 also

I've kept away from Cable for a few days as the pattern has been crap since last week and I suffered a loss due to sloppy trading in sloppy conditions. (Check out GBPJPY action since Monday though)

I see an excellent Bull move lining up here. All going well, I'll pull my trigger from a 3 hr candle at 7am London time, but at this stage, I can see a text book trade lining up on the 3hr (and 4hr).



Rob
I'm technical trader but this release consern me (MPC Rate Statement) Because if they said that next time could be a rate cut, cable could go down more. I will get out before this news release just in case of any hit downside. If I get 30 or 40 pips in Australia - Japan section, I will lock 20 pips minimum and let it run to see what happends by the time of the release.

Technicaly we should go up (61% fibo) then go down again.
  • #64,627
  • May 7, 2008 3:48pm May 7, 2008 3:48pm
Quoting Carrera
I'm technical trader but this release consern me (MPC Rate Statement) Because if they said that next time could be a rate cut, cable could go down more. I will get out before this news release just in case of any hit downside. If I get 30 or 40 pips in Australia - Japan section, I will lock 20 pips minimum and let it run to see what happends by the time of the release.

Technicaly we should go up (61% fibo) then go down again.
you mean 61% from H4 chanel 1.9895 to 1.9502...?
  • #64,628
  • May 7, 2008 4:26pm May 7, 2008 4:26pm
Quoting satutrade
you mean 61% from H4 chanel 1.9895 to 1.9502...?
The other way arround, check chart bellow.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-USD Open position May 7 - 2008.png Size: 37 KB
  • #64,629
  • May 7, 2008 4:40pm May 7, 2008 4:40pm
Quoting priceaction
Carrera,

I love the chart!

10/10 for creativity
I'll give you the score on analysis at the end of tomorrow but I think it'll be 10 also

I've kept away from Cable for a few days as the pattern has been crap since last week and I suffered a loss due to sloppy trading in sloppy conditions.
I see an excellent Bull move lining up here. All going well, I'll pull my trigger from a 3 hr candle at 7am London time, but at this stage, I can see a text book trade lining up on the 3hr (and 4hr).

Rob
Sorry for the delay, I didn't say Thanks before.
  • #64,630
  • May 7, 2008 4:47pm May 7, 2008 4:47pm
Quoting nAVIN2007
my life jacket is on already ..we going towards the icebergs now ...
Remember these days we have equality so forget this woman and children first crap, survival of the fittest only.


Glad I didn't hang around for that Snooze Fest. USDJPY kicked ass though while you lot where hoping, typical hey!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #64,631
  • May 7, 2008 4:51pm May 7, 2008 4:51pm
Quoting Turveyd
Remember these days we have equality so forget this woman and children first crap, survival of the fittest only.


Glad I didn't hang around for that Snooze Fest. USDJPY kicked ass though while you lot where hoping, typical hey!!

u long or short buddy..are u on the train as well...
  • #64,632
  • May 7, 2008 4:57pm May 7, 2008 4:57pm
Quoting Carrera
I'm technical trader but this release consern me (MPC Rate Statement) Because if they said that next time could be a rate cut, cable could go down more. \

Technicaly we should go up (61% fibo) then go down again.
Well I'm up 20 pips Here is my 1HR.
Attached Image (click to enlarge)
Click to Enlarge Name: 1HR.jpg Size: 105 KB
  • #64,633
  • May 7, 2008 4:58pm May 7, 2008 4:58pm
Yea, pairs turning slightly Bullish now, I expect a retrace but not very far. 9640 seems like a good place with a 1st TP at 9600

Jim

Quoting Bones
Your thanking me Jim ?
Really you have been a breath of fresh air, I am busy studying your 89 smoothly set up and it looks really great on the 5 min for trailing a position.:nerd:

Price has been unable to take out the red 21 all day and price is now consolidating
  • #64,634
  • May 7, 2008 5:05pm May 7, 2008 5:05pm
Quoting nAVIN2007
u long or short buddy..are u on the train as well...
I was long ages ago for what felt like a age, took 7pips or something stupid, had to go out and didn't want to leave un attended. 2hours for £7 LOL.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #64,635
  • May 7, 2008 5:07pm May 7, 2008 5:07pm
Quoting Carrera
The other way arround, check chart bellow.
upzzz...sorry about my wrong carr...
i'm still learn and learn...and sure i would say thaks to you about this practice
ok lets see that north going to...
thanks to your mail to me (dhew1204) it's help me much...
  • #64,636
  • May 7, 2008 5:20pm May 7, 2008 5:20pm
I knew you would come round to my way of thinking eventually Mr Ameri ,lol
Im trying to work out your channel on the 4 hour is it like this?



Quoting AmeriTrini
Buy order placed at 1.9534, downchannel on the 4hr was close to being touched which was enough for me to go long.

Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 26 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #64,637
  • May 7, 2008 5:27pm May 7, 2008 5:27pm
Quoting satutrade
upzzz...sorry about my wrong carr...
i'm still learn and learn...and sure i would say thaks to you about this practice
ok lets see that north going to...
thanks to your mail to me (dhew1204) it's help me much...
UW
  • #64,638
  • May 7, 2008 5:28pm May 7, 2008 5:28pm
Quoting Bones
I knew you would come round to my way of thinking eventually Mr Ameri ,lol
Im trying to work out your channel on the 4 hour is it like this?

You got it. Tony
  • #64,639
  • May 7, 2008 5:35pm May 7, 2008 5:35pm
good morning everybody!
  • #64,640
  • May 7, 2008 5:51pm May 7, 2008 5:51pm
I closed my postion And waiting for the news....15 pips not bad...currently on the kiwi...
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