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Cable Update (GBPUSD)

  • #136,721
  • Jun 11, 2009 4:40am Jun 11, 2009 4:40am
long at 6441
anyone agree?
  • #136,722
  • Jun 11, 2009 4:42am Jun 11, 2009 4:42am
I took 1.6440 long, support held.
  • #136,723
  • Jun 11, 2009 4:44am Jun 11, 2009 4:44am
As I have been saying 3 crows...or shooting stars cable ignores all its all about PA Baby....
Good Luck to all that took the 6400 long....
Let Price determine your future!
  • #136,724
  • Jun 11, 2009 4:46am Jun 11, 2009 4:46am
Quoting forex3e
great fibo level*
not really i got my stoploss hit
lol
Verily, in every difficulties there is relief
  • #136,725
  • Jun 11, 2009 4:47am Jun 11, 2009 4:47am
Quoting eychenz
long at 6441
anyone agree?
Little early but I must say that the trade is okay for small number of pips...
  • #136,726
  • Jun 11, 2009 5:01am Jun 11, 2009 5:01am
Quoting primzvicious
not really i got my stoploss hit
lol
lol
i am watching gc target area around 1.78 +/-
good luck
  • #136,727
  • Jun 11, 2009 5:09am Jun 11, 2009 5:09am
Quoting forex3e
lol
i am watching gc target area around 1.78 +/-
good luck
yeah i also find 1.7 in my chart
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 19 KB
Verily, in every difficulties there is relief
  • #136,728
  • Jun 11, 2009 5:11am Jun 11, 2009 5:11am
Long after that 1H & 4H closes:

Entry: 1.6445
TP: 1.6638
SL: 1.6210

I will be posting a video of this trade tomorrow, please subscribe to my youtube channel to receive daily updates.

Cheers WG
  • #136,729
  • Jun 11, 2009 5:37am Jun 11, 2009 5:37am
Quoting welshguy2000
Long after that 1H & 4H closes:

Entry: 1.6445
TP: 1.6638
SL: 1.6210

I will be posting a video of this trade tomorrow, please subscribe to my youtube channel to receive daily updates.

Cheers WG
Hi mate,

can you explain a little bit more on this, I'm not sure i got the math right

TP = 193
SL = 235

so this is less than 1:1 risk level??

thanks
  • #136,730
  • Jun 11, 2009 5:43am Jun 11, 2009 5:43am
Quoting welshguy2000
Long after that 1H & 4H closes:

Entry: 1.6445
TP: 1.6638
SL: 1.6210

I will be posting a video of this trade tomorrow, please subscribe to my youtube channel to receive daily updates.

Cheers WG
Nice video mate but how come i don't detect any welsh in your accent? I am asking as i am from the UK and a calzaghe fan ha ha.
You've got to be IN IT to WIN IT!
  • #136,731
  • Jun 11, 2009 5:50am Jun 11, 2009 5:50am
Quoting MoeFx
hi guys, im new to the forum.
I wish to welcome you to the forum like I would welcome an old friend
  • #136,732
  • Jun 11, 2009 6:04am Jun 11, 2009 6:04am
Quoting Yogi
Hi mate,

can you explain a little bit more on this, I'm not sure i got the math right

TP = 193
SL = 235

so this is less than 1:1 risk level??

thanks
basically I've been asked this question a number of times, I will never let my stop lose to be hit, I.E. I only use them as a protection, so that if something major were to happen then my whole account would not get wiped out. I use candle patterns to determine whether I am right or wrong - if wrong then I will exit out of the position. In all my years trading my stop has only been hit twice. I will be uploading a video later to explain this.

Ohh and I dont sound welsh as i'm from Tenby, which is known as little England within Wales. I live and teach traders in London now

Cheers WG
  • #136,733
  • Edited 6:36am Jun 11, 2009 6:09am | Edited 6:36am
FWIW: U/J 4hr LTL is still holding-- still looking for 99-100 -- first signs of accumulation/distribution spotted-- we'll have to wait and see...

Anyone think since we have tested yesterdays high-- we'll now test the low?

That would really confuse traders...
And create a nice megaphone ?
  • #136,734
  • Jun 11, 2009 6:10am Jun 11, 2009 6:10am
Chart : http://www.forexfactory.com/attachme...9&d=1244718062

Price didn't quite close cleanly above the utl so for atm & I think quite possibly the run up will be stalled from here on till the us data are release later.
Good luck
Thank You
  • #136,735
  • Jun 11, 2009 6:27am Jun 11, 2009 6:27am
Hi Welsh...
When do you think that we'll go to .6638?
Today?
  • #136,736
  • Jun 11, 2009 6:33am Jun 11, 2009 6:33am
Quoting wormboy
Chart : http://www.forexfactory.com/attachme...9&d=1244718062

Price didn't quite close cleanly above the utl so for atm & I think quite possibly the run up will be stalled from here on till the us data are release later.
Good luck
Im out of trading at this moment. It very close to landing & take-of flight. There is no claer sign yet at this moment. I will watch close at next 4hr candle what will be happen first.
GELORE
  • #136,737
  • Jun 11, 2009 6:37am Jun 11, 2009 6:37am
Quoting PiPaDoR
Hi Welsh...
When do you think that we'll go to .6638?
Today?
hopefully, very hopefully
  • #136,738
  • Jun 11, 2009 6:39am Jun 11, 2009 6:39am
Quoting mjay
hopefully, very hopefully
I hope that too...
  • #136,739
  • Jun 11, 2009 6:44am Jun 11, 2009 6:44am
i'm sceptic about price going up to 66xx, today there will be unemployment data, which could be much better, if we look at previous week, about retail, that's a thing i'm not sure. i think there is a possibility of going down, but that's only speculation.
  • #136,740
  • Jun 11, 2009 6:47am Jun 11, 2009 6:47am
Quoting Endrju
i'm sceptic about price going up to 66xx, today there will be unemployment data, which could be much better, if we look at previous week, about retail, that's a thing i'm not sure. i think there is a possibility of going down, but that's only speculation.
I'm also wondering about the news...
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