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Cable Update (GBPUSD)

  • #136,481
  • Jun 10, 2009 4:07am Jun 10, 2009 4:07am
Quoting Bull_Bear
Know wot you mean by taking years to develop a system. Took me over 2 years, to actually go live.
Really BULL? Thats good to hear mate. It has just showed me how impatient i am getting thinking that my 3 months are going slow. You seem to have taken full advantage of the 2 years as you are doing quite well so time well spent bro.
You've got to be IN IT to WIN IT!
  • #136,482
  • Jun 10, 2009 4:08am Jun 10, 2009 4:08am
I use ACM.. and Tradestation charts.. some of the best charting there is, but you must pay a small fee..

-Rudy
  • #136,483
  • Jun 10, 2009 4:10am Jun 10, 2009 4:10am
Hope I got lucky, I got in short @ 6430
  • #136,484
  • Jun 10, 2009 4:12am Jun 10, 2009 4:12am
Quoting 4cfx
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.

Attachment
Agreed...but only a sustained break below 1.6288 would be able to turn the tides in the short term...Beware this is a very raging bull!
Attached Image
Hear the music before the song is over ...
  • #136,485
  • Jun 10, 2009 4:21am Jun 10, 2009 4:21am
Quoting GlobalMacro
Agreed...but only a sustained break below 1.6288 would be able to turn the tides in the short term...Beware this is a very raging bull!
I agree with you on this too. I'm not 100% convinced that it will see 1.53. All wait and see.
  • #136,486
  • Jun 10, 2009 4:26am Jun 10, 2009 4:26am
Quoting 4cfx
I agree with you on this too. I'm not 100% convinced that it will see 1.53. All wait and see.
That's a very neat job there your charts, BTW.
Do you use any EW software or you count manually?
Hear the music before the song is over ...
  • #136,487
  • Jun 10, 2009 4:32am Jun 10, 2009 4:32am
Do you guys think we could break 6280 now, or in NY session? Thinking about TP @ 6300 handle.
  • #136,488
  • Jun 10, 2009 4:35am Jun 10, 2009 4:35am
Quoting GlobalMacro
That's a very neat job there your charts, BTW.
Do you use any EW software or you count manually?
No I don't use any EW software. Just counting manually. I've only started not long ago and still have a lot to learn. Welcome any comments, good, bad or ugly.
  • #136,489
  • Jun 10, 2009 4:37am Jun 10, 2009 4:37am
I have my first trade in at

1.63310 Long sl @ 1.6280 STP @ 1.6510
Let Price determine your future!
  • #136,490
  • Jun 10, 2009 4:43am Jun 10, 2009 4:43am
Quoting Ifty
Really BULL? Thats good to hear mate. It has just showed me how impatient i am getting thinking that my 3 months are going slow. You seem to have taken full advantage of the 2 years as you are doing quite well so time well spent bro.

Yeah mate takes some time but it bets the long and tiring nights. I've actually been defying my system in the last couple days with my manual trades and have been shorting but my system is actually in profit of +415 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 130 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #136,491
  • Jun 10, 2009 4:50am Jun 10, 2009 4:50am
Quoting Bull_Bear
Yeah mate takes some time but it bets the long and tiring nights. I've actually been defying my system in the last couple days with my manual trades and have been shorting but my system is actually in profit of +415 pips.
Very nice bro. BTW i am using the same platform VT2. It really is a superb trading platform.
You've got to be IN IT to WIN IT!
  • #136,492
  • Jun 10, 2009 4:52am Jun 10, 2009 4:52am
Quoting Geppyg
I have my first trade in at

1.63310 Long sl @ 1.6280 STP @ 1.6510
I have moved mys top to break even now and +30 pips in profits...

Trade 1: Currently open @+30 pips profit
Let Price determine your future!
  • #136,493
  • Jun 10, 2009 4:54am Jun 10, 2009 4:54am
Quoting Ifty
Very nice bro. BTW i am using the same platform VT2. It really is a superb trading platform.
Spend the time to build your system bro....auto-trading wonderful concept
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #136,494
  • Jun 10, 2009 4:55am Jun 10, 2009 4:55am
after BOE Barker's comment it is not easy to hold cable at these levels, the market has priced rate hike so far, so i am in bear side , waiting for PA to sell
  • #136,495
  • Jun 10, 2009 5:01am Jun 10, 2009 5:01am
Quoting gklp
after BOE Barker's comment it is not easy to hold cable at these levels, the market has priced rate hike so far, so i am in bear side , waiting for PA to sell
what he said?short from....?
  • #136,496
  • Jun 10, 2009 5:02am Jun 10, 2009 5:02am
Quoting Geppyg
I have moved mys top to break even now and +30 pips in profits...

Trade 1: Currently open @+30 pips profit
I am moving my stop where I had intended to 280 as that is the max low I see for now if it breaks this then it will be change of direction..other wise..bullish it is ....
Let Price determine your future!
  • #136,497
  • Jun 10, 2009 5:04am Jun 10, 2009 5:04am
he said the rates will stay low for sometime, confirmation is below 1.6280 area
Quoting paul czech
what he said?short from....?
  • #136,498
  • Jun 10, 2009 5:11am Jun 10, 2009 5:11am
Quoting Geppyg
I am moving my stop where I had intended to 280 as that is the max low I see for now if it breaks this then it will be change of direction..other wise..bullish it is ....
Right on.
Hear the music before the song is over ...
  • #136,499
  • Jun 10, 2009 5:13am Jun 10, 2009 5:13am
Quoting gklp
he said the rates will stay low for sometime, confirmation is below 1.6280 area
ok,thanks
  • #136,500
  • Jun 10, 2009 5:28am Jun 10, 2009 5:28am
I dont think this is decision time for bulls but it is for bears because if we do go down this time we will hit a new low and the figure that have been called like 1.5500 and 1.5300 would be possible...
This move upwards was a logical retracement in my eyes...

Lets see is it new highs or secondary reversal..Time will tell...
I am currently looking at the 4houlry bars lets see where she closes....
Let Price determine your future!
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