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Cable Update (GBPUSD)

  • #116,301
  • Jan 29, 2009 11:15am Jan 29, 2009 11:15am
Yo Nav my man ,I dont need to post when your around


Quoting nAVIN2007
yo tone...hows the trading going buddy? ...hope u keeping well and also missing your valued contribution to this thread
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #116,302
  • Jan 29, 2009 11:19am Jan 29, 2009 11:19am
Quoting eohater
I love the 15m 50ema I put it up there with the 1h 62ema

Ok, back down my hole....I don't want to get shot at...
There I went long bro, but I don't like waiting for more than +30 pips to close !!!! I apply the three musketeer strategy ! Thanks !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #116,303
  • Jan 29, 2009 11:19am Jan 29, 2009 11:19am
Quoting Bones
Yo Nav my man ,I dont need to post when your around

good to see u bro!
  • #116,304
  • Jan 29, 2009 11:23am Jan 29, 2009 11:23am
Quoting vinesh
TY pipland for confirming. I'll keep it in mind.
Please dont just use that candle on its own though i said yes because it was combined with other anylysis too. Candles can give you false signals used on their own on short times frames
  • #116,305
  • Jan 29, 2009 11:26am Jan 29, 2009 11:26am
Quoting manize
There I went long bro, but I don't like waiting for more than +30 pips to close !!!! I apply the three musketeer strategy ! Thanks !

Good job bro! I'm still in mine. I had just came back from lunch, my remaining short was closed out at +2, but price was right near the 15m 50ema, so I said, I'll buy that at 4260, just closed half out at 4330, the rest is at +25 SL.
Just digging in the trenches like everyone else!
  • #116,306
  • Jan 29, 2009 11:27am Jan 29, 2009 11:27am
Everyone seems to be divided here and throwing out their best guesses, so I will try and put a little spin on it. Does anyone ever look out at the Daily? The Daily and 4 Hr are still way below the line, ( 89 SMA ), used to determine long term trend. The Price is at the Daily major DTL and as you can see the candles get smaller as it gets closer which means to me that T/P's are being hit. The 4 hr is bearish also, especially with a beautiful Harami sitting on the DTL. It has also failed an Inside Top here also. All this says down and I say this as the price pulls way back...LOL. But thats my call and the 4067 level is looking pretty good and if that is broken, 3900 could be next.........As the price heads up and up and up...LOL

Jim
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily gu inside top.gif Size: 22 KB
Click to Enlarge Name: 4hr gu inside top.gif Size: 24 KB
  • #116,307
  • Jan 29, 2009 11:40am Jan 29, 2009 11:40am
Quoting eohater
Good job bro! I'm still in mine. I had just came back from lunch, my remaining short was closed out at +2, but price was right near the 15m 50ema, so I said, I'll buy that at 4260, just closed half out at 4330, the rest is at +25 SL.
Great Job ! I started trading FOREX a year ago, still need another years of experience to follow your strategy !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #116,308
  • Jan 29, 2009 11:43am Jan 29, 2009 11:43am
Damnit! I did it again, I make a post and everyone shuts up! I was enjoying watching everyone bicker back and forth.

For what it's worth, Steelhead did have a very valid point about buyers buying the break of 4400. It's a common deadly trap. I don't agree necessarily with his delivery, but it's the only way I think he can get people to look outside their box. Another item people need to consider is that it had just traveled 400 pips in 7 hours without looking over her shoulder, wasn't likely to break it on it's first touch.

Oh well, no one lost any limbs so all is good.

Ok, back down my hole!
Just digging in the trenches like everyone else!
  • #116,309
  • Jan 29, 2009 11:46am Jan 29, 2009 11:46am
I appreciate all the support that I have had today and will come back.

Cheers,
Matt[/quote]
Dear mate,
So nice observing u for a while. By your history, 2day is your first day to blow your account. If this will be your last of such then you are four(4) times luckier than me.
There is a thread in this forum titled " what are we called", take some time off and have some fun in it. With reference to this forum, i personally think that our SERVICE to the world is to provide LIQUIDITY. Your money is still in the circle....and will come back.....if.....u remain in the circle.
Above all,may the Lord of pips give u peace.
  • #116,310
  • Jan 29, 2009 11:49am Jan 29, 2009 11:49am
Spot on Jim actually on the daily the candles bodies getting smaller has a name
“Advance Block”


Quoting hard1head1
as you can see the candles get smaller as it gets closer which means to me that T/P's are being hit. The 4 hr is bearish also, especially with a beautiful Harami sitting on the DTL.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #116,311
  • Jan 29, 2009 11:50am Jan 29, 2009 11:50am
Quoting eohater
Damnit!...

Shit!! you just made me realise something I watched that for 7 hours!!! I wondered where the day went
  • #116,312
  • Jan 29, 2009 11:52am Jan 29, 2009 11:52am
Quoting eohater
Damnit! I did it again, I make a post and everyone shuts up! I was enjoying watching everyone bicker back and forth.

For what it's worth, Steelhead did have a very valid point about buyers buying the break of 4400. It's a common deadly trap. I don't agree necessarily with his delivery, but it's the only way I think he can get people to look outside their box. Another item people need to consider is that it had just traveled 400 pips in 7 hours without looking over her shoulder, wasn't likely to break it on it's first touch.

Oh well, no one lost...
How goes the battle?
I jumped on the short bus 4330 - looking for 4250 area or below
Are you still long bus?
  • #116,313
  • Jan 29, 2009 11:59am Jan 29, 2009 11:59am
Short from 1.4330 as well. There seems to be resistance around that level since yesterday, the only time the 1Hr candle closed above it was the spike to 1.4411 earlier today, it soon came crashing down past it!
  • #116,314
  • Jan 29, 2009 12:01pm Jan 29, 2009 12:01pm
Quoting golatigo
How goes the battle?
I jumped on the short bus 4330 - looking for 4250 area or below
Are you still long bus?
It's going well today. Sorry, I was going to send you a PM about your post last night, I got pulled away to take care of my son and never made it back to the forum.

I am still long, but I bet I get taken out here pretty soon. No worries though. I contemplated the short where you did. Your short and target are very reasonable to achieve. If my longs don't get stopped out, I'm targeting the 4400 area for a nice short opportunity. I don't think we'll see it today in the US Session though.

Your pip basket getting full today?
Just digging in the trenches like everyone else!
  • #116,315
  • Jan 29, 2009 12:02pm Jan 29, 2009 12:02pm
Quoting PipLand
Shit!! you just made me realise something I watched that for 7 hours!!! I wondered where the day went
Did you get any of it?
Just digging in the trenches like everyone else!
  • #116,316
  • Jan 29, 2009 12:12pm Jan 29, 2009 12:12pm
I new it was called something like that. But really, I will be very surprised if we break this level to the high side. I have seen this scenario many times and there is a lot of downward confirmation.

Jim

Quoting Bones
Spot on Jim actually on the daily the candles bodies getting smaller has a name
“Advance Block”

  • #116,317
  • Jan 29, 2009 12:16pm Jan 29, 2009 12:16pm
Quoting eohater
It's going well today. Sorry, I was going to send you a PM about your post last night, I got pulled away to take care of my son and never made it back to the forum.

I am still long, but I bet I get taken out here pretty soon. No worries though. I contemplated the short where you did. Your short and target are very reasonable to achieve. If my longs don't get stopped out, I'm targeting the 4400 area for a nice short opportunity. I don't think we'll see it today in the US Session though.

Your pip basket getting full today?
the picnic basket is well stocked for the week - should have plenty of muchies for sundays game. just adding some icing to put on the cake.
woke up late, but still picked 60 earlier - hoping this trade works out.
if we hit 4400 - i will short again, but i don't see that happening soon
then again who reaaly knows? Not I
  • #116,318
  • Jan 29, 2009 12:18pm Jan 29, 2009 12:18pm
Agreed Jim pass me a parachute
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #116,319
  • Jan 29, 2009 12:19pm Jan 29, 2009 12:19pm
Want more confirmation, we got some bearish divergence here on the 4 Hr, however, we need to see this candle close.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: div.gif Size: 27 KB
  • #116,320
  • Jan 29, 2009 12:21pm Jan 29, 2009 12:21pm
...cable is very unpredictable nowadays,hopefully this is the setting for overnight cable falling...and why the EUR been massacred today while cable was gaining? thought they were supposed to fall together..hope my short will pay off tonight,4330 targeting 39xx!
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