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Cable Update (GBPUSD)

  • #75,201
  • Jul 9, 2008 9:03am Jul 9, 2008 9:03am
Quoting atif
Staying Sideline = Missing the boat
Better missing the boat than being on a sinking one.
  • #75,202
  • Jul 9, 2008 9:10am Jul 9, 2008 9:10am
Simple TA rules.......
Attached Image (click to enlarge)
Click to Enlarge Name: ta.GIF Size: 21 KB
Patience + Discipline - Greed = Success
  • #75,203
  • Jul 9, 2008 9:13am Jul 9, 2008 9:13am
Quoting ps3ud0nym
Better missing the boat than being on a sinking one.
that is why you should always learn to swim
  • #75,204
  • Jul 9, 2008 9:18am Jul 9, 2008 9:18am
Cable up against some serious resistance, and looking mighty bullish, let battle commence
Money & Pain Respect the market, protect your capital, be patient
  • #75,205
  • Jul 9, 2008 9:20am Jul 9, 2008 9:20am
Time for my morning wake and bake.

Just bagged another 85 added to the 40 from earlier. I think I'm calling it a day with 125.
Just digging in the trenches like everyone else!
  • #75,206
  • Jul 9, 2008 9:27am Jul 9, 2008 9:27am
Quoting eohater
Time for my morning wake and bake.

Just bagged another 85 added to the 40 from earlier. I think I'm calling it a day with 125.
nice e..


lets see what oil does in 7 minutes.
USD Est Non Mortuus
  • #75,207
  • Jul 9, 2008 9:55am Jul 9, 2008 9:55am
Here is my two cents: Since the strong resistance is between 1.9760-1.9800 if cable close at 1.9830+ in US Session then this baby will go towards 2.000 as Interest rate announcement and Halifax (hopefully it will come out tonight) would be in green.......

So long guys relax and sit back and enjoy the summer. I think oil would go back to 145 level this week as the oil inventory news was very bad and who knows any news could go oil up.....

Alqaz.
  • #75,208
  • Jul 9, 2008 10:02am Jul 9, 2008 10:02am
did you see that sudden drop, that was a huuuuuge buy order.
Money & Pain Respect the market, protect your capital, be patient
  • #75,209
  • Jul 9, 2008 10:11am Jul 9, 2008 10:11am
What do you mean by swing trading?

Quoting tarektm
Hello all.
i have to tell you all goodbye,
as i am going to my old style,
i found that daily trading is dangerous for me and my health

make me always nervous.
so i am going back to the swing trading.

might come by to say hello from time to time

i wish you all good profit.
  • #75,210
  • Jul 9, 2008 10:24am Jul 9, 2008 10:24am
Haven't heard from Moe! You in this?
Just digging in the trenches like everyone else!
  • #75,211
  • Jul 9, 2008 10:27am Jul 9, 2008 10:27am
hi

Yesterday High is 1.9797 and till now today high is 1.9797 on daily chart

so we need break to this area ... or i consider it double top
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  • #75,212
  • Jul 9, 2008 10:29am Jul 9, 2008 10:29am
Quoting uncletrumpet
What do you mean by swing trading?


Swing trading sits in the middle of the continuum between day trading and trend following. Swing traders hold a particular stock for a period of time, generally between a few days and two or three weeks, and trade the stock on the basis of its intra-week or intra-month oscillations between optimism and pessimism.
USD Est Non Mortuus
  • #75,213
  • Jul 9, 2008 10:34am Jul 9, 2008 10:34am
Quoting deboooo2005
hi

Yesterday High is 1.9797 and till now today high is 1.9797 on daily chart

so we need break to this area ... or i consider it double top
I have 9795 as yesterdays high and 9797 as today's high. I also have higher lows since July 7. I also see that we have not closed below the old TL yet. I think a bounce off the TL is in order....Today's day close will tell the story of what's next. I closed a long for 115 pips earlier and I am waiting to long again...

edit:

Notice also that no selling took place at Frankfurt close....
Patience + Discipline - Greed = Success
  • #75,214
  • Jul 9, 2008 10:35am Jul 9, 2008 10:35am
Closed all my longs at 1.9795.... lets see what happens tomorrow.
If it closes near 1.9750 or below then I am going long again. If it breaks 1.9800 then I will look for a short near 1.9900.
Happy trading people
  • #75,215
  • Jul 9, 2008 10:42am Jul 9, 2008 10:42am
Quoting DJ4x
Closed all my longs at 1.9795.... lets see what happens tomorrow.
If it closes near 1.9750 or below then I am going long again. If it breaks 1.9800 then I will look for a short near 1.9900.
Happy trading people
nice d.

Still holding my longs.
USD Est Non Mortuus
  • #75,216
  • Jul 9, 2008 10:53am Jul 9, 2008 10:53am
ok this is what i was looking for.. broke it.
USD Est Non Mortuus
  • #75,217
  • Jul 9, 2008 10:54am Jul 9, 2008 10:54am
All the stops on the other side of 9800 got taken out... now it's the EU's turn to take out the stops on the other side of 5750.
  • #75,218
  • Jul 9, 2008 10:55am Jul 9, 2008 10:55am
Quoting LuckyLurker
nice d.

Still holding my longs.
You have quite an impressive record according to the detail of the account you once post on this thread. Please can I PM you for a favour?
  • #75,219
  • Jul 9, 2008 10:58am Jul 9, 2008 10:58am
Quoting samuzowulu
You have quite an impressive record according to the detail of the account you once post on this thread. Please can I PM you for a favour?
Here comes the 419 scam
  • #75,220
  • Jul 9, 2008 10:58am Jul 9, 2008 10:58am
Quoting mmccormac
All the stops on the other side of 9800 got taken out... now it's the EU's turn to take out the stops on the other side of 5750.
Took out my stop too
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