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Cable Update (GBPUSD)

  • #136,461
  • Jun 10, 2009 2:41am Jun 10, 2009 2:41am
Okay... I entered another trade

Long on GBP/USD

Entry at 0.10 at 1.6354

Reasons for entry: 3min Strong RSI support and Moving average direction, 1min Hit 50% Fibonacci small picture and 61% big picture

Take profit : This may sound far fetched but I'm looking at 1.6465 but at any time i have confirmation i will close

-Rudy
  • #136,462
  • Jun 10, 2009 2:45am Jun 10, 2009 2:45am
Quoting forexlion
nope
niggardly
pelit
скаредный
me kursim
стиснат
garrepa
कंजूसी
mesquinham


I'm out.. for 75 long and 50 short...

cu all
  • #136,463
  • Jun 10, 2009 2:47am Jun 10, 2009 2:47am
small short BE hit, bears lacking strength, at least short term. Now long with the H4 trend again (along with my "long-term longs").
TRADE FOR SWAP
  • #136,464
  • Jun 10, 2009 2:47am Jun 10, 2009 2:47am
note USDJPY looking weak which adds to cable bull sentiment.
TRADE FOR SWAP
  • #136,465
  • Jun 10, 2009 2:48am Jun 10, 2009 2:48am
Quoting jack.canadia
In breakout trading, you let the break occur, and then buy the pullback to SUPPORT! Conservative entries are best for this method. Never anticipate a break .. you may get lucky, or even catch a false break. Let the market show you that the level was of some importance.

My style is fading after long runs and also trend trading, like my long last night at 6000.

He can trade how ever he pleases. Id just hate for other people in here that are newer to fall victim to non-conservative methods, hence why my trades have somewhat of a 15-20 pip SL...
Sounds good to me! Thanks for all you do to help this thread one of the very best.
  • #136,466
  • Jun 10, 2009 2:50am Jun 10, 2009 2:50am
Quoting biax
Quoting forexlion
nope
nopeniggardly
pelit
скаредный
me kursim
стиснат
garrepa
कंजूसी
mesquinham


I'm out.. for 75 long and 50 short...

cu all
hahaha... lots of language you have....
  • #136,467
  • Jun 10, 2009 2:56am Jun 10, 2009 2:56am
Quoting 4xEdge
Okay... I entered another trade

Long on GBP/USD

Entry at 0.10 at 1.6354

Reasons for entry: 3min Strong RSI support and Moving average direction, 1min Hit 50% Fibonacci small picture and 61% big picture

Take profit : This may sound far fetched but I'm looking at 1.6465 but at any time i have confirmation i will close

-Rudy
Exit at 1.644
Profits: +60 pips

I had to close, system confirmation, even though it might still climb higer

-Rudy
  • #136,468
  • Jun 10, 2009 2:59am Jun 10, 2009 2:59am
Quoting 4xEdge
Exit at 1.644
Profits: +60 pips

I had to close, system confirmation, even though it might still climb higer

-Rudy
I'd be surprised if it didn't hit 6500 next stop, but news due so anything can and probably will happen.
TRADE FOR SWAP
  • #136,469
  • Jun 10, 2009 3:17am Jun 10, 2009 3:17am
Quoting cgldsmth
I'd be surprised if it didn't hit 6500 next stop, but news due so anything can and probably will happen.
Me neither,,, Even though I should have held to my take profit (1.6460).. and there shorted for another 20-40pips

-Rudy
  • #136,470
  • Jun 10, 2009 3:23am Jun 10, 2009 3:23am
Quoting 4xEdge
Exit at 1.644
Profits: +60 pips

I had to close, system confirmation, even though it might still climb higer

-Rudy

Hey rudy..are you indonesia? what system are you currently using? just curios...Cheers
  • #136,471
  • Jun 10, 2009 3:30am Jun 10, 2009 3:30am
Quoting forexlion
nope
here you r...no wonder Aus keep silence lately...
  • #136,472
  • Jun 10, 2009 3:31am Jun 10, 2009 3:31am
Looks like 1.6434 is holding up
Never Stop Learning...
  • #136,473
  • Jun 10, 2009 3:42am Jun 10, 2009 3:42am
confuse 2 results in favor trade balance is negetive where market will go any idea??


Ub
  • #136,474
  • Jun 10, 2009 3:45am Jun 10, 2009 3:45am
New Trade:

Entry: 1:33 at 1.6385
T/P: looking at 1.6460 Or system confirmation for close

Same setup as previously

-Rudy
  • #136,475
  • Jun 10, 2009 3:46am Jun 10, 2009 3:46am
Quoting Gainmoney
Hey rudy..are you indonesia? what system are you currently using? just curios...Cheers
No.. I live in the US (oregon)

I actually created my own system... Took years to develop and much money...

-Rudy
  • #136,476
  • Jun 10, 2009 3:52am Jun 10, 2009 3:52am
My Daily and H4 got more room to go up...My H1 is overbought it may correct maybe sideways or a little bit down, not sure. It needs to break 1.6440...
Never Stop Learning...
  • #136,477
  • Jun 10, 2009 3:56am Jun 10, 2009 3:56am
Here's my updated cable hourly chart. It looks like it's in an ending diagonal towards 1.6459 which is the 76.4% fib of the recent decline.

I'm waiting to short there.

Attached Image (click to enlarge)
Click to Enlarge Name: Cable Hourly 10062009.jpg Size: 170 KB
  • #136,478
  • Jun 10, 2009 3:58am Jun 10, 2009 3:58am
Quoting 4xEdge
No.. I live in the US (oregon)

I actually created my own system... Took years to develop and much money...

-Rudy
Know wot you mean by taking years to develop a system. Took me over 2 years, to actually go live.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #136,479
  • Jun 10, 2009 3:58am Jun 10, 2009 3:58am
Quoting 4xEdge
No.. I live in the US (oregon)

I actually created my own system... Took years to develop and much money...

-Rudy
Really? I too thought about creating my own system. Where do you get your feed of the currencies values and rates?
  • #136,480
  • Jun 10, 2009 4:07am Jun 10, 2009 4:07am
Quoting forexlion
1 hour is rapidly turning bearish, but since it is not confirmed as yet and knowing GU, i will wait for confirmation.

GJ however has room till 161.89 and it will be interesting to watch what GJ does here.
as expected GU stopped at 61.8% and GJ is enroute to its own 61.8% at 161.89, but i do not expect anything more than 161.04 today.

my exit is 161, with SL just below 5 min 55 ema
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