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Cable Update (GBPUSD)

  • #121,881
  • Feb 19, 2009 8:53am Feb 19, 2009 8:53am
Quoting eohater
What's up brother? Did you get the ride to 4350? It was sweet! I wish I would have been awake to manage the trade to the top.
Hey bro! I closed partially at 4300 and fully at 4345. Today's close will be very interesting...
Patience + Discipline - Greed = Success
  • #121,882
  • Feb 19, 2009 8:54am Feb 19, 2009 8:54am
Trade down
Attached Image (click to enlarge)
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  • #121,883
  • Feb 19, 2009 8:56am Feb 19, 2009 8:56am
Quoting Infinity
Hey bro! I closed partially at 4300 and fully at 4345. Today's close will be very interesting...
In deed it will!
Just digging in the trenches like everyone else!
  • #121,884
  • Feb 19, 2009 8:57am Feb 19, 2009 8:57am
Quoting Bones
Im guessing, but, Infinity has been trading longer than us,or just has good eye,5 min charts are no-no been there done it.
Daily tho scary at first you will always get big picture .....
Jim would turn in his grave ,lol
I have never traded anything below m15... have'nt even considered it! But the m15 is very good when used with pa, support/resistance and the ma's of course...
Patience + Discipline - Greed = Success
  • #121,885
  • Feb 19, 2009 9:06am Feb 19, 2009 9:06am
The long legged doji (pin bar) on the 15 min chart
should have been a clue of a reversal.

http://www.candlestickforum.com/stor...es/longdoj.jpg

A 4H close at 1.4395 will be another sign
(but a lot can happen in the next hr).

http://www.candlestickforum.com/store/images/doji.jpg

DOJI

Dr. D.
  • #121,886
  • Feb 19, 2009 9:11am Feb 19, 2009 9:11am

As I demonstrated, there was I am +50

  • #121,887
  • Feb 19, 2009 9:11am Feb 19, 2009 9:11am
Maybe were just testing old support
Attached Image (click to enlarge)
Click to Enlarge Name: 16) gbp-usd ,underside test,daily19-02.gif Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #121,888
  • Feb 19, 2009 9:13am Feb 19, 2009 9:13am
This currency pair is killing me!

WTH! when I was short, it went up. and when it stopped out, it dropped!
  • #121,889
  • Feb 19, 2009 9:17am Feb 19, 2009 9:17am
I got stung on the first setup yesterday, so have just watched today, but the first 2 TPs are hit and it reversed just before the 3rd entry, so would have been a lovely trade:

Great work!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Abwuawad's Analysis 19_2.png Size: 12 KB
  • #121,890
  • Feb 19, 2009 9:18am Feb 19, 2009 9:18am
Quoting ragnakore
This currency pair is killing me!

WTH! when I was short, it went up. and when it stopped out, it dropped!

Welcome to the beast known as forex....
  • #121,891
  • Feb 19, 2009 9:18am Feb 19, 2009 9:18am
Looks like the 50 fib of the move from the 8th Jan - 23rd at 4439 proved good resistence, 4100 could be in sights, but theres lots of traffic so I will prob abandon ship sooner
  • #121,892
  • Feb 19, 2009 9:22am Feb 19, 2009 9:22am
Time to go down now that we have that shoulder. Bulls had enough fun for one day. Holding short @4247.
Thank You
  • #121,893
  • Feb 19, 2009 9:23am Feb 19, 2009 9:23am
It reached my goal as I just showed 1.4303
  • #121,894
  • Feb 19, 2009 9:24am Feb 19, 2009 9:24am
Quoting fourxtrader

now I'm in a short at 1.4425 and relaxed the S/L to 50 pips.


Hit the target for a even 100 pips @ 1.4325.

Not being greedy.

Dr. D.
  • #121,895
  • Feb 19, 2009 9:26am Feb 19, 2009 9:26am
Quoting fourxtrader
Hit the target for a even 100 pips @ 1.4325.

Not being greedy.

Dr. D.
Im being greedy as usual lol. Cause looks like were breaking 4300, next stop 4220
  • #121,896
  • Feb 19, 2009 9:26am Feb 19, 2009 9:26am
what a ride. Patience is the key and even without any sl and just by watching, made lot of green pips today. Glad I took the ride.

Don't forget the scalps from 1.4400 to 1.4380's area. Did 6 times successfully.
  • #121,897
  • Feb 19, 2009 9:26am Feb 19, 2009 9:26am
Quoting ragnakore
This currency pair is killing me!

WTH! when I was short, it went up. and when it stopped out, it dropped!
bros..that is fx for you..i lost 100pips also..but was strong enough to enter it Short again to pick 50pips..will make it up on Friday...
  • #121,898
  • Feb 19, 2009 9:31am Feb 19, 2009 9:31am
Ive stopped being greedy and closed out now
  • #121,899
  • Feb 19, 2009 9:33am Feb 19, 2009 9:33am
im long now just noticed something we could be on the bottom of a support trendline
  • #121,900
  • Feb 19, 2009 9:33am Feb 19, 2009 9:33am
I'm seeing a 1.4100 or lower....
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