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Cable Update (GBPUSD)

  • #88,701
  • Sep 19, 2008 1:16pm Sep 19, 2008 1:16pm
Quoting nAVIN2007
if u use no indicators at all then what are u using? ..i have to say unless u have a crystal ball....how can u judge the movement....are u a fundamentalist or a gambler.....even the pros use technicals to base there analysis...u use no wedges, no lines..

what are u doing?
I guess he might be using the different alert service (be an overnight millionaire with a blind faith) just joking my friend steelhead....
  • #88,702
  • Sep 19, 2008 1:19pm Sep 19, 2008 1:19pm
Quoting asyed4
I guess he might be using the different alert service (be an overnight millionaire with a blind faith) just joking my friend steelhead....
  • #88,703
  • Sep 19, 2008 1:23pm Sep 19, 2008 1:23pm
Quoting DJ4x
Hey Guys......
Have to admit it's been one hell of a week. After my fantastico two weeks I have now given it all back to the market. So after three weeks of trading I am at BE.
So cross with myself.
Hope you all have a great weekend. Cya
im sorry to here this bro..this market certainly is a bi*ch to say the least..see it as a overhead cost for your business and future development fees.....

that will help..good weekend to u pal
  • #88,704
  • Sep 19, 2008 1:31pm Sep 19, 2008 1:31pm
i see this as a wedge its meant to be a rising wedge only the bi*ch appears to have broke on the upside in a downtrend....so now im confused as technically if it broke on the downside it be a good trade...

any idea on direction next week..i wont be here since i will be on a job training course, and now ( tiuming is just out of this world) we right at my positions) and im clueless to the strength of this upmove..

maybe not a rising wedge?

good luck next week guys
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  • #88,705
  • Sep 19, 2008 1:38pm Sep 19, 2008 1:38pm
Quoting nAVIN2007
RT this is the wrongt time for me to be going on a training course next week....now in my hedge i have all minus postions....

are u still in the shorts?
Still got that short just closed my hedge on it going to short soon if looks right hoping for a drop to the botom tl then Ill close the shrt at what ever loss it is at then maid enough this week to cover loss. pity of your training next week tell them it does not suite yoiu
I'll be demo trading a new system next week so wont be making real money.
enjoy the training
  • #88,706
  • Sep 19, 2008 1:42pm Sep 19, 2008 1:42pm
Quoting Runway Trade
Still got that short just closed my hedge on it going to short soon if looks right hoping for a drop to the botom tl then Ill close the shrt at what ever loss it is at then maid enough this week to cover loss. pity of your training next week tell them it does not suite yoiu
I'll be demo trading a new system next week so wont be making real money.
enjoy the training
rsi still high wait a bit hehehe
why are u rushing to short now the market is about to close
When life gives you lemons, make lemonade
  • #88,707
  • Sep 19, 2008 1:45pm Sep 19, 2008 1:45pm
Quoting Runway Trade
Still got that short just closed my hedge on it going to short soon if looks right hoping for a drop to the botom tl then Ill close the shrt at what ever loss it is at then maid enough this week to cover loss. pity of your training next week tell them it does not suite yoiu
I'll be demo trading a new system next week so wont be making real money.
enjoy the training
i was thinking of telling them that!..but they wont be impressed..still i best go at least ill make money as oppossed to lose it..
  • #88,708
  • Sep 19, 2008 1:51pm Sep 19, 2008 1:51pm
Quoting micho
rsi still high wait a bit hehehe
why are u rushing to short now the market is about to close
Does not look like I'll enter. Was hoping for a selloff before market closes and then to continue on Sunday but looks like Ill wait for signal on Sunday.

Good weekend to all.
  • #88,709
  • Sep 19, 2008 4:14pm Sep 19, 2008 4:14pm
Quoting Infinity
It's on the way.....
weekly charts are a very good way to plan your trading week.. We had a bullish hammer followed by another bullish hammer.... 8500 seems to be on the cards for sometime next week... we stopped at the 38.2 fib level and a retracement is due so I am thinking a pullback to 8150-8200 maybe lower before further upside... although it could gap up.......Next week will be interesting..

Anyway... its the weekend... so as usual, enjoy yourselves and DON'T FORGET TO PARTY!!!!....
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Patience + Discipline - Greed = Success
  • #88,710
  • Sep 19, 2008 4:16pm Sep 19, 2008 4:16pm
Well it looks like a bullish end to the week and im starting to think price will go to 50% of the fall .
It looks very likely that we will go to 8500 area at least next week.

Quoting Bones
Heres my view
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #88,711
  • Sep 19, 2008 4:26pm Sep 19, 2008 4:26pm
Quoting Bones
Well it looks like a bullish end to the week and im starting to think price will go to 50% of the fall .
It looks very likely that we will go to 8500 area at least next week.
excellent job!!!

Here's a little thing on the h4 too...
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Patience + Discipline - Greed = Success
  • #88,712
  • Sep 19, 2008 4:40pm Sep 19, 2008 4:40pm
Quoting Infinity
excellent job!!!

Here's a little thing on the h4 too...

watch that bearish divergence on the rsi 4 hour ... see the lower highs on your chart

also 60 min has very distinct rounded top ....

they were playing oil today like a fiddle ... at one point it went up $4 for no reason mid afternoon.
Blogging daily now at www.volume.zone
  • #88,713
  • Sep 19, 2008 4:53pm Sep 19, 2008 4:53pm
Yes I'm thinking a pull back but overall on a weekly basis I'm thinking up.Last months candle is a bit scary mind you Infinity

Quoting Infinity
excellent job!!!

Here's a little thing on the h4 too...
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #88,714
  • Sep 19, 2008 6:57pm Sep 19, 2008 6:57pm
Quoting eohater
Just curious where your signal and confirmation of entry for short was? She has taken off like a banshi for over 400 pips run north. She doesn't just stop and run back down after a move like that. She'll give you confirmation if you wait patiently for it.
that's one of my favorite set-ups....it usually works well for me except today,
I can get that pattern to work at least 80% of the time.

I was taking guidance from the 4h...... totally expecting the 200 ema to hold

I watch the 5m charts for entry and timing and 3 and 5 level runs are quite common and predictable. The slow stotches were also up and turning for my confirmation. When 8300 broke I was sure 8350 would stop it. It had tested that level just before I went short @ 8317.... Price went up and tested it again and did fall to around 8285 when I moved the stop to break even and was stop out there.

You are right, moves like that don't fizzle quickly.....just like the recent major down trend of 2500 pips..... which I am still expecting the bottom to be tested again

It was my mistake, I was trying to pick a top and was expecting a nice retracement the rest of the afternoon back to around 8220.

I was so sure that price was turning that I raised my stop to 8356 when it was threatened....... which I try to never do once I set it. A 40 pip stop is a lot for me.

Here is the chart!
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  • #88,715
  • Sep 19, 2008 7:00pm Sep 19, 2008 7:00pm
Quoting malcolmb14
watch that bearish divergence on the rsi 4 hour ... see the lower highs on your chart

also 60 min has very distinct rounded top ....

they were playing oil today like a fiddle ... at one point it went up $4 for no reason mid afternoon.
Quoting Bones
Yes I'm thinking a pull back but overall on a weekly basis I'm thinking up.Last months candle is a bit scary mind you Infinity
We are all on the same page...
Patience + Discipline - Greed = Success
  • #88,716
  • Edited 10:00pm Sep 19, 2008 9:40pm | Edited 10:00pm
Quoting malcolmb14
watch that bearish divergence on the rsi 4 hour ... see the lower highs on your chart

also 60 min has very distinct rounded top ....

they were playing oil today like a fiddle ... at one point it went up $4 for no reason mid afternoon.
Sharp eyes..
But who knows there may even a gap up on Monday?

Have a gr8 weekend...
Sonic


http://img2.mysmiley.net/imgs/smile/party/party0023.gif
  • #88,717
  • Sep 20, 2008 2:09pm Sep 20, 2008 2:09pm
The 1.8275 level will be real important on whether we see the retracement to 50% Fib level, ( 1.8800). If we don't see the 1.8275 level hold we will be heading down once again and 1.8065 will be the target.

By the way, guys. The golden push has ruined the 2nd pivot bar trade, so we will rely on Fib levels for now.

Jim


Quoting Infinity
weekly charts are a very good way to plan your trading week.. We had a bullish hammer followed by another bullish hammer.... 8500 seems to be on the cards for sometime next week... we stopped at the 38.2 fib level and a retracement is due so I am thinking a pullback to 8150-8200 maybe lower before further upside... although it could gap up.......Next week will be interesting..

Anyway... its the weekend... so as usual, enjoy yourselves and DON'T FORGET TO PARTY!!!!....
  • #88,718
  • Sep 21, 2008 11:46am Sep 21, 2008 11:46am
Paulson resists calls for added help in bailout,


WASHINGTON - Treasury Secretary Henry Paulson said Sunday that the nation's credit markets remain frozen and Congress must move quickly to pass a $700 billion bailout package for financial firms. But key Democrats said the legislation needs changes to provide better protections for taxpayers and homeowners in danger of losing their homes....

http://news.yahoo.com/s/ap/20080921/...ncial_meltdown
  • #88,719
  • Sep 21, 2008 12:15pm Sep 21, 2008 12:15pm
Gbp/Usd Down

1,8312
  • #88,720
  • Sep 21, 2008 12:52pm Sep 21, 2008 12:52pm
May go back to 1.8181.

Jim

Quoting Optimum
Gbp/Usd Down

1,8312
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