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Cable Update (GBPUSD)

  • #96,301
  • Nov 7, 2008 8:31am Nov 7, 2008 8:31am
I got back from lunch.I could take 90 pips more and i take 45.SL hit.5900i can dream only that for now.never mind

Micho are you short.You start price way above
  • #96,302
  • Nov 7, 2008 8:32am Nov 7, 2008 8:32am
Quoting Infinity
Nice work Mike...
I agree with this outlook 100%.. and also there is this channel...
Nice note on the channel man! I hadn't really noticed it, but now I have solid targets to be working with by it. Thanks for posting that! How have you been? I hope everything's been good and you've been making bank with this easy market lately! By easy, I mean 500-600 pip jumps at a time lol Just catch on and ride...
I dream, therefore I become.
  • #96,303
  • Nov 7, 2008 8:33am Nov 7, 2008 8:33am
We're about to see that hourly pin break by the way, I'll add at that point as well.
I dream, therefore I become.
  • #96,304
  • Nov 7, 2008 8:36am Nov 7, 2008 8:36am
Quoting mike w
Nice note on the channel man! I hadn't really noticed it, but now I have solid targets to be working with by it. Thanks for posting that! How have you been? I hope everything's been good and you've been making bank with this easy market lately! By easy, I mean 500-600 pip jumps at a time lol Just catch on and ride...
.... You know it bro... these past few weeks have been really great!! I know you have been killing it....
Patience + Discipline - Greed = Success
  • #96,305
  • Nov 7, 2008 8:38am Nov 7, 2008 8:38am
15m 50 in the way...

Another thing to note it that none of the past 4 candles closed above the 1h 62ema...
Patience + Discipline - Greed = Success
  • #96,306
  • Nov 7, 2008 8:39am Nov 7, 2008 8:39am
Went short 1.5790 ! Locked in +10 pips ! Ok closed +40 pips. +40-40=0 sofar !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #96,307
  • Nov 7, 2008 8:42am Nov 7, 2008 8:42am
Im short 1.5798,

tp 1.5600ish..?
  • #96,308
  • Nov 7, 2008 8:42am Nov 7, 2008 8:42am
Quoting Infinity
15m 50 in the way...

Another thing to note it that none of the past 4 candles closed above the 1h 62ema...
Just give it time my man. I'm thinking it'll break down within this hour.

Btw, if your still following Aus's method, we're going to be seeing a valid 15 minute short signal which should give us the power to break that support down after a retracement to, possibly, the 90's again.
I dream, therefore I become.
  • #96,309
  • Nov 7, 2008 8:43am Nov 7, 2008 8:43am
Quoting mike w
Just give it time my man. I'm thinking it'll break down within this hour.
Patience + Discipline - Greed = Success
  • #96,310
  • Nov 7, 2008 8:46am Nov 7, 2008 8:46am
i got another +24 now
When life gives you lemons, make lemonade
  • #96,311
  • Nov 7, 2008 8:46am Nov 7, 2008 8:46am
Quoting Infinity
Welp, maybe I was lying about that retrace. lol
I dream, therefore I become.
  • #96,312
  • Nov 7, 2008 8:47am Nov 7, 2008 8:47am
Quoting mike w
Welp, maybe I was lying about that retrace. lol
Patience + Discipline - Greed = Success
  • #96,313
  • Nov 7, 2008 8:51am Nov 7, 2008 8:51am
Quoting bobcat
Im short 1.5798,

tp 1.5600ish..?
It is possible, but don't forget to lock your green pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #96,314
  • Nov 7, 2008 8:53am Nov 7, 2008 8:53am
5690 and 5620 ara need to be broken on 1 hr so we could make new lows in my chart.

Ichimoku 5677 area stong resistance on 15, for now.

Momentum and rsi are above 0 and 50.

i am short but if no break of momentum below 0 this is retrace then and more up then to maybe 4 hr gann which is arround 5850 area
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable 15m.gif Size: 28 KB
Click to Enlarge Name: cable 1 hr.gif Size: 30 KB
  • #96,315
  • Nov 7, 2008 8:53am Nov 7, 2008 8:53am
My four hour candle, which closes in ten minutes, is looking very bearish off all resistance- the Gann line and the trendline in conjunction with each other. Fantastic for loading up the shorts IMO.
Attached Image (click to enlarge)
Click to Enlarge Name: four hour in ten.gif Size: 18 KB
I dream, therefore I become.
  • #96,316
  • Nov 7, 2008 8:55am Nov 7, 2008 8:55am
Quoting manize
It is possible, but don't forget to lock your green pips !
What timeframe do you normally trade Manize?
I dream, therefore I become.
  • #96,317
  • Nov 7, 2008 8:56am Nov 7, 2008 8:56am
dont open your shorts until the hourly candle closes
When life gives you lemons, make lemonade
  • #96,318
  • Nov 7, 2008 8:56am Nov 7, 2008 8:56am
5742.if this 1 hr candle dont close 15-20 pips below we might bounce up
  • #96,319
  • Nov 7, 2008 8:58am Nov 7, 2008 8:58am
Quoting mike w
What timeframe do you normally trade Manize?
M1 ! Win : Loss about 10 : 2 sofar !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #96,320
  • Nov 7, 2008 8:59am Nov 7, 2008 8:59am
1.5724 is the 38% fibo of the last 4 h down trend...
When life gives you lemons, make lemonade
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