Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#110,721
Jan 12, 2009 3:55am Jan 12, 2009 3:55am

Inzider
| Commercial User | Joined Feb 2008 | 1,440 Posts

Quoting biax

Disliked

my stop lost -100 and I'm using broker with no swap.

and my position just closed 20 minute ago, with trailing stop.

Ignored

Nice, thx for the answer!
I'm always afraid about WE, but this one would have been a logical shot.
Nice done!

I'm out, sleepy and i got my reserve of pips for TN. Happy me!
Nice trade you all!

#110,722
Jan 12, 2009 3:56am Jan 12, 2009 3:56am

m0N5Ta
| Joined Dec 2008 | Status: Pips collector ! | 90 Posts

Quoting JammerJams

Disliked

I have a feeling that we are going to be in this tight channel for a while...until something breaks us out...our up...be careful.

Ignored

I feel it is not safe at all to enter the trade here at 14545, it is already down 200 pips, either up or down I am out for now.

Many happy pips returned ...

#110,723
Jan 12, 2009 4:07am Jan 12, 2009 4:07am

uut
| Joined Aug 2008 | Status: pendekar forex | 241 Posts

hmmm . . . i'm late . . .

#110,724
Jan 12, 2009 4:19am Jan 12, 2009 4:19am

JammerJams
| Joined Feb 2008 | Status: IB Trading for clients | 460 Posts

Quoting Inzider

Disliked

I realy recommend you to read this and all that apply to fibonacci. This random way of trading can damage your pocket and your head.

Take care!

http://harmonictrader.com/harmonictraderpdf.htm

Ignored

thanks Inzider..I like reading views and benefits to keep things simple...
I believe that if it is complex..it is probably does not work...

nature is simple..chaotic with controlled chaos...like the fib sequence..

#110,725
Jan 12, 2009 4:38am Jan 12, 2009 4:38am

sonicdeejay
| Commercial User | Joined Mar 2008 | 9,071 Posts

Whole day it is going sideway and I was expecting to go Long on GBP/USD, but didn't happen...
Anyway, I trade what I see...

EP:: when the support break
SL:: Jus lil pips above today high
TP:: M0, first support..

Sonic

http://www.forexfactory.com/attachme...1&d=1231755838

#110,726
Jan 12, 2009 4:40am Jan 12, 2009 4:40am

JammerJams
| Joined Feb 2008 | Status: IB Trading for clients | 460 Posts

Quoting Inzider

Disliked

Nice, thx for the answer!
I'm always afraid about WE, but this one would have been a logical shot.
Nice done!

I'm out, sleepy and i got my reserve of pips for TN. Happy me!
Nice trade you all!

Ignored

Hey Inzider...what is the password to uncrypt the file from Carney Scott..."Harmonic Trader"

have a good night...

#110,727
Jan 12, 2009 4:51am Jan 12, 2009 4:51am

DireXiv
| Joined Jan 2007 | Status: Holy Pips Batman! | 486 Posts

Took entry long on m5 off the h1 200.... It's holding fairly well.. tp hit at 1.4980 for now. seems like it's caught between s/r levels now... i could see sideways for a bit now.

now I need some upward movement to start shorting on both e/u and g/u. Or it looks like a bearish flag on m15 and m5... for a break down... until it gets below the h1 200 i'm flat or looking for shorts on pullbacks till i see anything else

[quote=sonicdeejay;2462841]Whole day it is going sideway and I was expecting to go Long on GBP/USD, but didn't happen...
Anyway, I trade what I see...

EP:: when the support break
SL:: Jus lil pips above today high
TP:: M0, first support..

Sonic

DireXiv Make it happen, no one else is going to do it for you...

#110,728
Jan 12, 2009 6:06am Jan 12, 2009 6:06am

biax
| Additional Username | Joined Dec 2008 | 376 Posts

argh... she still flat..

#110,729
Jan 12, 2009 6:21am Jan 12, 2009 6:21am

Komissar
| Joined Dec 2008 | Status: Trader | 784 Posts

Good morning, folks.
Looks I missed morning opportunity. OK, let's wait for retracement finished and try it again.

#110,730
Jan 12, 2009 6:24am Jan 12, 2009 6:24am

Pipsqueak
| Joined Feb 2007 | Status: Forex Ace | 513 Posts

Do you guys think GU is in a retracement from its uptrend from 1.43xx or it's a reversal? GU hit the 4H 50ema and also very close to the 50% fib from its move up last week. If it's done retracing, it should resume its move upward. I can't really see where it's going.

1.56 or 1.43?

#110,731
Jan 12, 2009 6:44am Jan 12, 2009 6:44am

Infinity
Joined Feb 2008 | Status: Trader | 5,732 Posts

Quoting Infinity

Disliked

I don't see it happening today either but I really think if we close above the weekly 10sma the downtrend is over for now......

I would like to see a run down to the h4 50ema for a nice buy early next week... but we'll see how it plays...

Ignored

Well..... we got the close above the weekly 10sma and also the run down to the h4 50ema..... let's see what happens now....

Attached Image

Patience + Discipline - Greed = Success

#110,732
Jan 12, 2009 6:58am Jan 12, 2009 6:58am

uut
| Joined Aug 2008 | Status: pendekar forex | 241 Posts

i love your chart infinity . .

#110,733
Jan 12, 2009 7:21am Jan 12, 2009 7:21am

brigo
| Joined Oct 2008 | Status: the early bird catches the worm | 45 Posts

Quoting uut

Disliked

i love your chart infinity . .

Ignored

i love your hair uut ;-)

#110,734
Jan 12, 2009 7:27am Jan 12, 2009 7:27am

Infinity
Joined Feb 2008 | Status: Trader | 5,732 Posts

Quoting uut

Disliked

i love your chart infinity . .

Ignored

Thanks..... we are now at the bottom of the old h4 channel which coincides with the h4 50ema.... If it holds we could head fairly high up.....if not we should be seeing 4850 and lower before too long...

Attached Image

Patience + Discipline - Greed = Success

#110,735
Jan 12, 2009 7:30am Jan 12, 2009 7:30am

Galation
| Joined Oct 2008 | Status: A witty saying proves nothing. | 1,178 Posts

Short at 1.4960 - Reason: price action.

Probability Professor

#110,736
Jan 12, 2009 7:36am Jan 12, 2009 7:36am

Infinity
Joined Feb 2008 | Status: Trader | 5,732 Posts

Here is the weekly chart which shows a close above the weekly 10sma for the first time since price was above 1.9500. This week's close will be interesting.....

Attached Image (click to enlarge)