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Cable Update (GBPUSD)

  • #78,781
  • Jul 30, 2008 3:55am Jul 30, 2008 3:55am
Currently still holding my long price action is still in my direction....this will be my last trade for the day...Up 45 for the night so far including short...
Remeber dont overexpose your account to the forex...it can hurt you...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 34 KB
  • #78,782
  • Jul 30, 2008 4:09am Jul 30, 2008 4:09am
I have a mental stop below the last candle simply because time of day news is coming out so market might slow down. Also trading against intraday levels should be treated like a scalp and last I have made pips in my first short trade and I would be securing pips for the long I took as well. Last dont forget dont overexpose your account the market will be back tomorow.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 34 KB
  • #78,783
  • Jul 30, 2008 4:13am Jul 30, 2008 4:13am
cmon cable...break it step by step
  • #78,784
  • Jul 30, 2008 4:17am Jul 30, 2008 4:17am
I have pull my swing fibb up to the high of this candle to get the closes support levels to price...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 34 KB
  • #78,785
  • Jul 30, 2008 4:19am Jul 30, 2008 4:19am
Out +40 but think its going higher
  • #78,786
  • Jul 30, 2008 4:26am Jul 30, 2008 4:26am
Quoting Runway Trade
Out +40 but think its going higher
  • #78,787
  • Jul 30, 2008 4:26am Jul 30, 2008 4:26am
All longs cashed and waiting for shorts before USD ADP Nonfarm Employment Change if any starts but no more risks in long now but can do after if -tve.

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #78,788
  • Jul 30, 2008 4:31am Jul 30, 2008 4:31am
The only time the market can gap is after its closed ,thats a glitch with your brokers data feed .


Quoting yank
it has GAP from 1.9945 to 1.9931 on 1hr TF.
is it possible to fill the GAP??
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #78,789
  • Jul 30, 2008 4:32am Jul 30, 2008 4:32am
closed for 20 pips and reverse
short from 20 sl above 50
crazy actions
  • #78,790
  • Jul 30, 2008 4:34am Jul 30, 2008 4:34am
I feel like momentum has dies out I have closed with 20 pips long...we might get a retracement to the swing.....I am done I will let my pips seat in the bank.

Total for night 35
Goodnight
  • #78,791
  • Jul 30, 2008 4:35am Jul 30, 2008 4:35am
Quoting Abuawad
i hope that
I'm curious about your method. If you were not holding a long from yesterday, would you still have entered a long position today after checking your levels.
  • #78,792
  • Jul 30, 2008 4:35am Jul 30, 2008 4:35am
Quoting Bones
The only time the market can gap is after its closed ,thats a glitch with your brokers data feed .
ooohh.. ic ic.
thx for your correction
  • #78,793
  • Jul 30, 2008 4:37am Jul 30, 2008 4:37am
I'm very aware of the bearish daily so have taken half my profit and let the rest ride +5
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hr plan.gif Size: 47 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #78,794
  • Jul 30, 2008 4:45am Jul 30, 2008 4:45am
crazy action for today
  • #78,795
  • Jul 30, 2008 4:54am Jul 30, 2008 4:54am
Quoting yank
crazy action for today
cable always make us crazy,...
  • #78,796
  • Jul 30, 2008 5:01am Jul 30, 2008 5:01am
I would be cautios on taking the rejection of the intraday levels( yellow fibb ) when we had the break of the low of the previous candle simply because of news coming out soon and based on forecast the support levels should hold.... Light blue fibbs are the main levels of support today...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 34 KB
  • #78,797
  • Jul 30, 2008 5:03am Jul 30, 2008 5:03am
i am still thinking that is a bear flag in the midlle of the wave 3
leading to target 196.
  • #78,798
  • Jul 30, 2008 5:09am Jul 30, 2008 5:09am
Quoting 5ysfx
i am still thinking that is a bear flag in the midlle of the wave 3
leading to target 196.
Short since 1.9830

Enlightened.
  • #78,799
  • Jul 30, 2008 5:16am Jul 30, 2008 5:16am
Quoting DJ4x
I'm curious about your method. If you were not holding a long from yesterday, would you still have entered a long position today after checking your levels.
I'm holding long from yesterday at wrong entry level, hopping to cover it today...
  • #78,800
  • Jul 30, 2008 5:20am Jul 30, 2008 5:20am
Quoting Galeforce 10
Short since 1.9830

good for u i hope we could get much lower
cheers
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