Ub
- #1,101
- May 18, 2009 4:55am May 18, 2009 4:55am
- | Joined Jun 2007 | Status: Still Learning :) | 1,203 Posts
- #1,102
- May 18, 2009 7:25am May 18, 2009 7:25am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
bro any trade for today?
Ub
This was my take on cable last friday http://www.forexfactory.com/showpost...9&postcount=10 & if you are watching the same level as I am, you'd probably be waiting to short. I'm not convinced with this move up. I could be wrong, but since I'm not in any trade, being wrong now won't hurt me
I'll post updates of trades when I'm in one. Good luck.
Thank You
- #1,103
- May 19, 2009 7:09am May 19, 2009 7:09am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Took a position on dragon with the price on the previous 4 hour close being rejected at the old ascending tl, which coincidentally closed with a bearish engulfing pattern. Let's see how this goes. Good luck
GBP JPY
1. short @ 148.98 sl @ 150.40
stop will be amended once price close below 147 level.
GBP JPY
1. short @ 148.98 sl @ 150.40
stop will be amended once price close below 147 level.
Thank You
- #1,104
- May 19, 2009 7:23am May 19, 2009 7:23am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Good opportunity for short on cable methinks. Will get the chart up in a bit, mt4 acting up again 
Thank You
- #1,106
- May 19, 2009 7:44am May 19, 2009 7:44am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
I agree Azim. I see signs on sellers on various bars. Prob longs stuck trying to buy 1.55 breakout and shorts couldn't take it any more. Seems like a good spot for everyone to be trapped, except the smart money of course. Congrats on the wedding, btw. short with stop above todays high.
And thanks for the wish my friend
Good luck with your trade!
Thank You
- #1,107
- May 19, 2009 11:46am May 19, 2009 11:46am
Took a position on dragon with the price on the previous 4 hour close being rejected at the old ascending tl, which coincidentally closed with a bearish engulfing pattern. Let's see how this goes. Good luck
GBP JPY
1. short @ 148.98 sl @ 150.40
stop will be amended once price close below 147 level.
- #1,108
- May 19, 2009 11:47am May 19, 2009 11:47am
- | Joined Oct 2007 | Status: Trader | 2,760 Posts
Aye, agreed. I could be wrong but it seems like many traders are overlooking the fact that cable is now trading at the very top of the daily resistance level set between November & December last year, and the likelihood of this going down from here is just as high as this going up. Strong level this.
And thanks for the wish my friend
I called this rally on a bear market
- #1,109
- May 19, 2009 12:06pm May 19, 2009 12:06pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Hey WB, what level are you targeting with trade? And what problem are you having with MT4? I've got 3 of them running and mine all work fine.
I'll be looking to book some profit when price close below 147 level. That'll be the first priority on this trade for me atm. I have 146 level as the next possible area to be cleared before booking further. We'll see how this goes. Have a good one
Thank You
- #1,110
- May 19, 2009 12:07pm May 19, 2009 12:07pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
I totally agree about cable Azim I am short already too
Thank You
- #1,111
- May 19, 2009 12:09pm May 19, 2009 12:09pm
Do you mean profit taking or booking profit when referring to the level mate?
I'll be looking to book some profit when price close below 147 level. That'll be the first priority on this trade for me atm. I have 146 level as the next possible area to be cleared before booking further. We'll see how this goes. Have a good one
- #1,112
- May 19, 2009 12:12pm May 19, 2009 12:12pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #1,113
- May 20, 2009 6:40am May 20, 2009 6:40am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Hourly broken upmove coupled with the bearish engulfing pattern currently supports daily price history between November 08 - January 09 which were rejected heavily when reached the current price level @ 55xx. As mentioned yesterday, the likelihood of cable going up from here is just as high as going down. Price close below 5450 level & the possibility of cable spiralling back down is highly probable. Still directionless atm.
Good luck
Good luck
Thank You
- #1,114
- May 20, 2009 9:03am May 20, 2009 9:03am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #1,115
- May 20, 2009 9:53am May 20, 2009 9:53am
- | Joined Oct 2007 | Status: Trader | 2,760 Posts
This is very strong move Azim I am already out with a loss
I will wait and see what will happened could go much higher
I will wait and see what will happened could go much higher
- #1,116
- May 20, 2009 1:03pm May 20, 2009 1:03pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Shooting star. emmmmm I like 
Trade (short) still in progress (post #1103).
Good luck!
Trade (short) still in progress (post #1103).
Good luck!
Thank You
- #1,117
- May 20, 2009 1:48pm May 20, 2009 1:48pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #1,119
- May 20, 2009 2:08pm May 20, 2009 2:08pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
On a weekly it could go to 1.67 crazy!!
Thank You
- #1,120
- May 20, 2009 2:24pm May 20, 2009 2:24pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
it could! cable is overbought atm, and after the asskicking we've had, they'll prolly let us watch the sell off between now & tomorrow just to piss us off dont you agree
i dont know what happened last week with regards to price action it totally made me think i was wrong, this week my trade hit target without me in them..oh well
id say 1.65 may be reached end of this month...i see it reversing we would need at least one bearish dailly close and still weekly would be bullish still..just my thoughts
