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Cable Update (GBPUSD)

  • #117,701
  • Feb 4, 2009 2:33am Feb 4, 2009 2:33am
Quoting Ipips
damn. Missed the opportunity. Too much patience I guess. Haha.

Bearish pin forming on hourly candle.
Is the market offering me another opportunity to short after a missed short trade earlier? Hmmm....
  • #117,702
  • Feb 4, 2009 2:41am Feb 4, 2009 2:41am
  •  Trader#C67F
  • | Status: Unregistered Trader
Quoting magicfx
short @ 1.4417
good call
  • #117,703
  • Feb 4, 2009 2:41am Feb 4, 2009 2:41am
nope! you missed it - only wanted 20 pips which is now complete
  • #117,704
  • Feb 4, 2009 2:43am Feb 4, 2009 2:43am
  •  Trader#C67F
  • | Status: Unregistered Trader
Quoting magicfx
nope! you missed it - only wanted 20 pips which is now complete
sadly, i didn't take it... but was a nice 20 for u... congrats
  • #117,705
  • Feb 4, 2009 2:44am Feb 4, 2009 2:44am
Quoting Shilva
3 to 5 level pattern...Momentum Trade

Prime time NY session only
5m chart only
Price action and the 10ema only (forget all the other indicators and focus on the pattern developing)

Long Trade - When price breaks out from channel

Expect 3 or 5 resistance areas to be broken and enter in the direction of the move on the pull backs or bounces off these areas.

Allow at least 2 down candles to form on the bounce down to the 10ema and enter long expecting the next leg up. (looking for the 10ema to hold as support)

The 3rd leg is usually the...
thx mark ..very insightfull and exit made a lot of sense, nice system as well
  • #117,706
  • Feb 4, 2009 2:51am Feb 4, 2009 2:51am
Quoting Jigsaw
Strong chart Nav . . Are you bullish ?
i am buddy....if i didnt look at the weekly chart id be in the bear camp, the weekly bullish candle to me and the fact the dailly now is bullish allows me to think its possible to go up towards 1.48.....for sure risky prospect
  • #117,707
  • Feb 4, 2009 2:55am Feb 4, 2009 2:55am
Quoting popisdead
thanks bro..

and if its not..14280...is the way down...


pop
so far so good..

20+pips for short!

pop
{Promotion Removed}
  • #117,708
  • Feb 4, 2009 2:56am Feb 4, 2009 2:56am
Quoting nAVIN2007
i am buddy....if i didnt look at the weekly chart id be in the bear camp, the weekly bullish candle to me and the fact the dailly now is bullish allows me to think its possible to go up towards 1.48.....for sure risky prospect
hi navin, what is it about the weekly chart besides the candle that you think it will go to 1.48?
  • #117,709
  • Feb 4, 2009 3:01am Feb 4, 2009 3:01am
Quoting nAVIN2007
i am buddy....if i didnt look at the weekly chart id be in the bear camp, the weekly bullish candle to me and the fact the dailly now is bullish allows me to think its possible to go up towards 1.48.....for sure risky prospect
hi navin, what is it about the weekly chart besides the candle that you think it will go to 1.48?
  • #117,710
  • Feb 4, 2009 3:05am Feb 4, 2009 3:05am
just take a few pips as and when it makes the most sense and in the correct direction
  • #117,711
  • Feb 4, 2009 3:05am Feb 4, 2009 3:05am
Quoting Ipips
hi navin, what is it about the weekly chart besides the candle that you think it will go to 1.48?
well the candle is all thats needed its a piercing formation suggesting reluctance to break the bottom.....this is a very low level for gbp....but right now i have to say my target may be so much only time will tell
  • #117,712
  • Feb 4, 2009 3:06am Feb 4, 2009 3:06am
Hi there,
i hope every one have a nice trading yesterday. do you remember the Head and shoulder format on the 4H yesterday, cable brake the right shoulder and moving up.
lets see today what will happen...
  • #117,713
  • Feb 4, 2009 3:10am Feb 4, 2009 3:10am
went long at 1.4385
  • #117,714
  • Feb 4, 2009 3:12am Feb 4, 2009 3:12am
...
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  • #117,715
  • Feb 4, 2009 3:16am Feb 4, 2009 3:16am
4hr
Attached Image (click to enlarge)
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  • #117,716
  • Feb 4, 2009 3:21am Feb 4, 2009 3:21am
very dangerous and reckless trade - going short just now at 14400

hope for a bolly break on 15 min chart
  • #117,717
  • Feb 4, 2009 3:22am Feb 4, 2009 3:22am
news in 9 minutes..
money is for living
  • #117,718
  • Feb 4, 2009 3:25am Feb 4, 2009 3:25am
EU has down a lil bit.
ast friday and monday was unnpredictabl;e
  • #117,719
  • Feb 4, 2009 3:26am Feb 4, 2009 3:26am
just short a while ago at 1.4416...hit tp 1.4396..thats enough for me..will look for another good entry...after news then only i will reenter...
money is for living
  • #117,720
  • Feb 4, 2009 3:26am Feb 4, 2009 3:26am
Quoting mangZX7L
news in 9 minutes..
Thanks for the notification. Wasn't aware of that. Closed out all my positions..
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