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Cable Update (GBPUSD)

  • #132,301
  • May 14, 2009 10:47am May 14, 2009 10:47am
Jack Thanks to GOD
she reached near to ur S/L
  • #132,302
  • May 14, 2009 10:48am May 14, 2009 10:48am
Quoting kingindian
RSI TF 15 overbuy...
wait for a fall
patience will pay
rsi on lower timeframe is not reliable.
Thank You
  • #132,303
  • May 14, 2009 10:48am May 14, 2009 10:48am
Quoting kingindian
RSI TF 15 overbuy...
wait for a fall
patience will pay
Dont trust the 15 minute timeframe to catch you massive amounts of pips.
  • #132,304
  • May 14, 2009 10:49am May 14, 2009 10:49am
Quoting Faryad
Jack Thanks to GOD
she reached near to ur S/L
Near, but did not hit!!
  • #132,305
  • May 14, 2009 10:50am May 14, 2009 10:50am
Quoting wormboy
rsi on lower timeframe is not reliable.
Exact same time on that post hahaha
  • #132,306
  • May 14, 2009 10:52am May 14, 2009 10:52am
heemm, went short @ 52.04, but the 4h looks very bullish.
Wandering weather 2 close it right now or let it run
  • #132,307
  • May 14, 2009 10:54am May 14, 2009 10:54am
Quoting wormboy
rsi on lower timeframe is not reliable.
thanks for the tips...
on D1 also overbuy but not on H1
- Always pray on your trading - God know the best for everyone
  • #132,308
  • May 14, 2009 10:55am May 14, 2009 10:55am
Valid selling position on cable since the previous utl was breached. Price currently is testing the resistance level & facing rejection. Short term bias atm remains bearish. Good luck.
Attached Image (click to enlarge)
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Thank You
  • #132,309
  • May 14, 2009 10:55am May 14, 2009 10:55am
Here was the DOW I was talking about. I like this since I want to buy Citigroup!

And when the DOW hit the trendline, GBP/USD hit the 23.6 from wayy up at 2.11 and also resistance at 5350.

Couple that with MACD bearish divergence on hourly and 4-hour, it has all the makings of a reversal. But it wont happen unless its confirmed.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: d1.gif Size: 40 KB
  • #132,310
  • May 14, 2009 10:56am May 14, 2009 10:56am
Quoting jack.canadia
I really do think this rally is due for a correction. The DOW has met up with a large trendline and I dont see any reasons in the near future for equities to rally anymore, unless someone starts praising the global economy again. And with MACD bearish divergence into the 53xx high on the 1-hour, along with 4-hour divergence, thats enough to tell me a reversal may be in the making.

really i trade based on 4 hour chart ... and all my indicator show that the chart gathering power to go up ... this is my view

Watch MACD Stoch all show up
Attached Image (click to enlarge)
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  • #132,311
  • May 14, 2009 10:56am May 14, 2009 10:56am
Quoting jack.canadia
Exact same time on that post hahaha

How's it going brother. You cleaning up I hope
Thank You
  • #132,312
  • May 14, 2009 10:59am May 14, 2009 10:59am
hello wormboy

where r u my friend long time didnt see u
  • #132,313
  • May 14, 2009 10:59am May 14, 2009 10:59am
Quoting deboooo2005
really i trade based on 4 hour chart ... and all my indicator show that the chart gathering power to go up ... this is my view

Watch MACD Stoch all show up
Oh, Im not saying you are wrong. Excellent trade from 5090. This pair could re-test 5350 before falling for all I care. But I will try to hack away at it along the way at significant levels (like 5200) with tight stops. Losing 15-20 pips here and there means nothing to me because there could be 2-300 pips waiting around the corner.

Im not trying to steer people from your view but go with your instinct and dont let others influence what you know and see to be right by your system.

Price will tell and no one in here really knows what will happen next.
  • #132,314
  • May 14, 2009 11:01am May 14, 2009 11:01am
Quoting wormboy

How's it going brother. You cleaning up I hope
Cleaning .. no. lol Took 60 overnight, not bad. More like, dusting haha.

Would love to see this reversal play out. It's due!

How've you been? And congrats!
  • #132,315
  • May 14, 2009 11:07am May 14, 2009 11:07am
Quoting deboooo2005
hello wormboy

where r u my friend long time didnt see u
Hello my friend how are you?
I took about 2 weeks off from trading. Trying to claw back
Thank You
  • #132,316
  • May 14, 2009 11:08am May 14, 2009 11:08am
Quoting wormboy
Hello my friend how are you?
I took about 2 weeks off from trading. Trying to claw back

Welcome back
  • #132,317
  • May 14, 2009 11:09am May 14, 2009 11:09am
Quoting kingindian
RSI TF 15 overbuy...
wait for a fall
patience will pay

I though u r on bullish side ?
  • #132,318
  • May 14, 2009 11:09am May 14, 2009 11:09am
if there is down...how far it will be?
- Always pray on your trading - God know the best for everyone
  • #132,319
  • May 14, 2009 11:10am May 14, 2009 11:10am
Quoting jack.canadia
Cleaning .. no. lol Took 60 overnight, not bad. More like, dusting haha.

Would love to see this reversal play out. It's due!

How've you been? And congrats!
Ah, jack humble as usual
I've been good mate, no trade on cable for me. Just holding my shorts on dragon since last Friday

p/s : thanks for the wish
Thank You
  • #132,320
  • May 14, 2009 11:13am May 14, 2009 11:13am
Quoting dzackfx
I though u r on bullish side ?
yep until 5200...i hope until 5250
but i think tomorrow to 5250...now it will drop down
- Always pray on your trading - God know the best for everyone
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