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Cable Update (GBPUSD)

  • #120,981
  • Feb 17, 2009 9:16am Feb 17, 2009 9:16am
Quoting JammerJams
yup..in +BE
I just closed for +10 .. I only shorted on a fail of the daily open at 4290 and then took a sell on a pull back to 85. Theres not much here to work with.
  • #120,982
  • Feb 17, 2009 9:17am Feb 17, 2009 9:17am
Quoting Barny
Don't you find it amazing that the recent 80 pip spike stopped at the fib 127% extension of the recent 15m 5 bar drop!!
No, alot of traders use fib levels and extensions as profit targets or support.resistance
  • #120,983
  • Feb 17, 2009 9:18am Feb 17, 2009 9:18am
Quoting jack.canadia
Anyone short at 4285?
Still in a short from 4275 ages ago
  • #120,984
  • Feb 17, 2009 9:22am Feb 17, 2009 9:22am
Quoting jack.canadia
I just closed for +10 .. I only shorted on a fail of the daily open at 4290 and then took a sell on a pull back to 85. Theres not much here to work with.
Im moving my SL down...let it work its way down..and then close on its own..
  • #120,985
  • Feb 17, 2009 9:22am Feb 17, 2009 9:22am
Quoting JammerJams
Hey...so..whats the scoop on "STEELHEAD"
what did he do to get bumped off FF?
Quoting Twee
Hi Folks, I'm sorry to report that steelhead has been banned because he sells services to Forex traders which puts him in violation of Rule #3: http://www.forexfactory.com/faq.php?faq=rules#faq_rule3
and then some other users got banned because they were mulitples of steelhead.
  • #120,986
  • Feb 17, 2009 9:22am Feb 17, 2009 9:22am
Whats the concensus on the cause of the last spike?
  • #120,987
  • Feb 17, 2009 9:23am Feb 17, 2009 9:23am
just wanna share my chart
its working fantastic tonight..

pop

http://i537.photobucket.com/albums/f..._bucket/19.jpg
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  • #120,988
  • Feb 17, 2009 9:23am Feb 17, 2009 9:23am
Quoting Abuawad
Again....
Thanks....now I just need to interpret it.
  • #120,989
  • Feb 17, 2009 9:24am Feb 17, 2009 9:24am
Quoting JammerJams
Im moving my SL down...let it work its way down..and then close on its own..

So Jack..you seeing a long entrance? I dont other then a drop now..


pop..mine is closed now..
  • #120,990
  • Feb 17, 2009 9:24am Feb 17, 2009 9:24am
Quoting Barny
Still in a short from 4275 ages ago
same here @ 4364, 3 hours gone ...
Thank You
  • #120,991
  • Feb 17, 2009 9:26am Feb 17, 2009 9:26am
wow..that Euro is dropping and has projections to continue..
hmmm
  • #120,992
  • Feb 17, 2009 9:28am Feb 17, 2009 9:28am
Quoting Barny
Still in a short from 4275 ages ago
laugh hard. i still have an accidental short at 14135 where i went to go long, but hit wrong button.

Abu. will it get there or should i close for a loss??
The nicest thing about the future is that it always starts tomorrow.
  • #120,993
  • Feb 17, 2009 9:29am Feb 17, 2009 9:29am
Quoting JammerJams
So Jack..you seeing a long entrance? I dont other then a drop now..


pop..mine is closed now..
Well we are in what appears to be a range .. 1.4310 and 1.4125 give or take a few pips.

There is also a flag forming, which in this case would be a bull flag so my preference now is the formation of a higher low above 1.4210, and then a pull back to that higher low to go long, with a stop close by
  • #120,994
  • Feb 17, 2009 9:33am Feb 17, 2009 9:33am
Quoting daffy
and then some other users got banned because they were mulitples of steelhead.
ALG and others also sell services to Forex traders - not sure what the difference is - anyone know?
  • #120,995
  • Feb 17, 2009 9:35am Feb 17, 2009 9:35am
Quoting JammerJams
So Jack..you seeing a long entrance? I dont other then a drop now..


pop..mine is closed now..
Great JJ,
Ema601 is supporting the cable on m1!

i already out for my long for +40!

great day..need to stay away and protect my pips ..

hehhe

pop
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  • #120,996
  • Feb 17, 2009 9:36am Feb 17, 2009 9:36am
Quoting wormboy
same here @ 4364, 3 hours gone ...
See what I mean...

for a volatile market..things are rather quiet...except for these giant runs..then quiet..strange..
normally..big moves..and complmentary movements..continued...

big news coming causes this..dont like this...
  • #120,997
  • Feb 17, 2009 9:36am Feb 17, 2009 9:36am
This indicates a bullish setup. So I will treat it like one until 3 is taken out. Light blue line is the daily open line.
Attached Image (click to enlarge)
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  • #120,998
  • Feb 17, 2009 9:40am Feb 17, 2009 9:40am
Quoting golatigo
ALG and others also sell services to Forex traders - not sure what the difference is - anyone know?
From what I can gather, the main reason for his ban is that he created multiple identities in order to boost his profile and reputation as a winning trader. This is dishonest and misleading and he deserves to be banned for using a smoke and mirrors technique in order to create an allusion of continued success.

He was also misleading others in vehemently denying he was touting for business or intending to sell a service whenever he was confronted. He always protested he was doing all of this mentoring for philanthropic reasons and nothing more.
  • #120,999
  • Feb 17, 2009 9:42am Feb 17, 2009 9:42am
Quoting jack.canadia
Well we are in what appears to be a range .. 1.4310 and 1.4125 give or take a few pips.

There is also a flag forming, which in this case would be a bull flag so my preference now is the formation of a higher low above 1.4210, and then a pull back to that higher low to go long, with a stop close by
Just what I was thinking. I have seen these formation do exactly that. The hourly price versus MACD is confirming that with a divergence building. However the hourly 64Ma is holding the move up for now.
  • #121,000
  • Feb 17, 2009 9:43am Feb 17, 2009 9:43am
Quoting jack.canadia
This indicates a bullish setup. So I will treat it like one until 3 is taken out. Light blue line is the daily open line.
Jack...just add one more thing to your chart..i also see a nice upward trend..in purple..if this breaks..and it will..we will see a nice drop..
Attached Image
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