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Cable Update (GBPUSD)

  • #122,321
  • Feb 20, 2009 11:50am Feb 20, 2009 11:50am
Quoting Bones
That makes a outside bar off the rejected high in my book.but $ trend still intact.
It also makes a shooting star (at mo)on the weekly ,like I say worth bearing in mind for cable.
yo tony, hows the trading coming along..what hapenned to the dollar to all of sudden produce a sell of?
im a bit confused as to how to do my charts, the charts with trendline and what not indicated a bounce but i dunno if it was just a fluke? whats yur view on trendlines n stuff?
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  • #122,322
  • Feb 20, 2009 11:50am Feb 20, 2009 11:50am
Too tempting...in for a short @1.4389
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #122,323
  • Feb 20, 2009 11:50am Feb 20, 2009 11:50am
Holy Shit! I leave for lunch and she spike like a geyser! I'm short form 4405 chasing back to 4300. Let's see!
Just digging in the trenches like everyone else!
  • #122,324
  • Feb 20, 2009 11:51am Feb 20, 2009 11:51am
If GE goes bust, I will buy CNBC and sack everyone except Erin
  • #122,325
  • Feb 20, 2009 11:51am Feb 20, 2009 11:51am
Quoting nAVIN2007
yo tony, hows the trading coming along..what hapenned to the dollar to all of sudden produce a sell of?
im a bit confused as to how to do my charts, the charts with trendline and what not indicated a bounce but i dunno if it was just a fluke? whats yur view on trendlines n stuff?

on closer view...
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  • #122,326
  • Feb 20, 2009 11:56am Feb 20, 2009 11:56am
Quoting eohater
Holy Shit! I leave for lunch and she spike like a geyser! I'm short form 4405 chasing back to 4300. Let's see!
hey eo...

your at least moving back down..

another freaky friday
  • #122,327
  • Feb 20, 2009 11:58am Feb 20, 2009 11:58am
Rob Booker will definitely team up with you on this idea



Quoting allserene
If GE goes bust, I will buy CNBC and sack everyone except Erin
  • #122,328
  • Feb 20, 2009 12:00pm Feb 20, 2009 12:00pm
Quoting JammerJams
hey eo...

your at least moving back down..

another freaky friday
I'm not worried about the direction cable moves. I'll trade her either way. My SL has been hit for +3. Now, I'm back to the sides. Quota was hit last night for the week, so I could be done for the week. I posted last night during the Asian session how I saw it could go to 4500. We're still in the right shoulder of the Shampoo on the 4h chart.
Just digging in the trenches like everyone else!
  • #122,329
  • Feb 20, 2009 12:01pm Feb 20, 2009 12:01pm
Hey Nav,I am with red pips for this week(but not month),tho today I had a good day ...could have been great.
I love a Trendline but I think support and resistance is better.A trendline makes me feel like I know whats happening,lol
Very pleased to see you over on my fav thread Nav.....

Quoting nAVIN2007
yo tony, hows the trading coming along..what hapenned to the dollar to all of sudden produce a sell of?
im a bit confused as to how to do my charts, the charts with trendline and what not indicated a bounce but i dunno if it was just a fluke? whats yur view on trendlines n stuff?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #122,330
  • Feb 20, 2009 12:03pm Feb 20, 2009 12:03pm
Quoting JammerJams
hey eo...

your at least moving back down..

another freaky friday
After I read what I posted chasing back to 4300. Sounded like I had a position at 4300. I do not. I would just like to see it go back to 4300 is what I should have stated..
Just digging in the trenches like everyone else!
  • #122,331
  • Feb 20, 2009 12:06pm Feb 20, 2009 12:06pm
Im thinking your UJ looks good ,Jam

Quoting JammerJams
you will do better...its in the fib ratios...

What you need to remember..is that 90% always lose. so...you are beating the odds.

take care..have a cold one..

I'm leaving my u/j open with a strong short and see what it can do for me come tokyo open
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #122,332
  • Feb 20, 2009 12:06pm Feb 20, 2009 12:06pm
Quoting Bones
Hey Nav,I am with red pips for this week(but not month),tho today I had a good day ...could have been great.
I love a Trendline but I think support and resistance is better.A trendline makes me feel like I know whats happening,lol
Very pleased to see you over on my fav thread Nav.....
i plan to contribute more there as well its a great thread, ive had a very bad week but not down emotionally or anything as i was basically experimenting...seems a week where trendlines appear to be respected even the eur obey the wedge limits...trading can be crazy sometimes
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  • #122,333
  • Feb 20, 2009 12:09pm Feb 20, 2009 12:09pm
3x shorts again....

1.4397
1.4389
1.4432

Sweating just a little....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #122,334
  • Edited 12:29pm Feb 20, 2009 12:09pm | Edited 12:29pm
Quoting SeaPip
Manize, you seemed to understand Abuawad method. Can you explain this question I had earlier????

The 2nd buy and the 1st sell signals are only 40+ pips apart. Same with his 1st buy and 2nd sell signals, they are only 80 pips apart.....yet these TP are much more (100-300+) How can we know which to trade, buy or sell cause the call today almost like hedging????????

The last couple of days the signals are more clear cut.....buy area and sell area don't mix. Today they are intertwine, I don't understand.
I also didn't understand his today platform ( the 2nd table), but I only see his first table !

The unknown area today is 1.4265 - 1.4305 !

Sometimes Abuawad method is difficult to be applied and sometimes easy. Today rather difficult therefore I only focus on his 1st cell buy from 1.4315 - 1.4410 (TP) but I wait untill reach the TP and then short at that level because I think difficult the 2nd long target will work well in the next limited hours untill closing time.

On the time the 1st H4 was closed above upper limit 1.4305, I tried go long with tight SL ( 14 pips) and failed because down trend was prefailed at that time.

On the time the 2nd H4 was closed above H4 when the long trend was prefailed, I went long and closed quickly + 20 pips and my decission was right because pull back down again until 1.4265.

Then I decide to wait that level 1.4410 to short with a little underressure because still up.

However the anyone plan is good, a big fault if we apply without seeing the PA in all time frame minute by minute and hour by hour !

Bravo Abuawad because at least his 1st target long is hit !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #122,335
  • Feb 20, 2009 12:14pm Feb 20, 2009 12:14pm
got a nice pop off that long

BUT

flicking to the daily chart, we are just at the top of the channel thats all

so i am ready for a big short - if the US gets good news it should have us going down faster than Bill's underpants
  • #122,336
  • Feb 20, 2009 12:16pm Feb 20, 2009 12:16pm
Quoting allserene
got a nice pop off that long

BUT

flicking to the daily chart, we are just at the top of the channel thats all

so i am ready for a big short - if the US gets good news it should have us going down faster than Bill's underpants
  • #122,337
  • Feb 20, 2009 12:28pm Feb 20, 2009 12:28pm
anyone watching the u/j pair...


I got 150 short and getting it upward as well...just giving you heads up...
  • #122,338
  • Feb 20, 2009 12:28pm Feb 20, 2009 12:28pm
Quoting allserene
got a nice pop off that long

BUT

flicking to the daily chart, we are just at the top of the channel thats all

so i am ready for a big short - if the US gets good news it should have us going down faster than Bill's underpants
allserne
By any chance,did you write jokes for the likes of Tommy Copper,Morecombe and Wise.
man you really crack me up......just great

baz
  • #122,339
  • Feb 20, 2009 12:29pm Feb 20, 2009 12:29pm
Way bad timing to lose internet connection....ACK!

I was ahead 21 total...not so much now...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #122,340
  • Feb 20, 2009 12:34pm Feb 20, 2009 12:34pm
Quoting eohater
I'm not worried about the direction cable moves. I'll trade her either way. My SL has been hit for +3. Now, I'm back to the sides. Quota was hit last night for the week, so I could be done for the week. I posted last night during the Asian session how I saw it could go to 4500. We're still in the right shoulder of the Shampoo on the 4h chart.
these pairs are moving like demented fiends..
i had stated for you all to take head on the u/j pair. it broke through and dropped like a rock..i place a TP next Support level.
EO..there is going to be a another drop from 93.12 level.. 61.8% level...

waiting for the long with +BE to end..and turn around downward and keep it open over the weekend
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