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Cable Update (GBPUSD)

  • #140,021
  • Jun 25, 2009 3:02am Jun 25, 2009 3:02am
Quoting ubaidahsan
You mean it could go back to 6540??? when you will got for short??what is reversal point in your mind bro??

Ub
No. Watch the h4 carefully and see if there are sign of weakness (ie reversal patterns) after challenging ltl. If there is, a pullback to 6475 level is on the cards. If not, bye bye bulls.
My humble advise is, just wait for the breakout. Trading this tight range is not worth the risk at all. You could easily get whipsawed bigtime.

Goodluck
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  • #140,022
  • Jun 25, 2009 3:02am Jun 25, 2009 3:02am
waiting to break 1.6280
  • #140,023
  • Jun 25, 2009 3:03am Jun 25, 2009 3:03am
Quoting grashid
1hr very very very clear H&S....we shall wait for breakout...check my earlier post...Perhaps i'll put my 10 sen sell stop @ 1.6280
I see that. thanks again
I'm still new although been trading on off for years.
Glad to know and learn from you guys here.

Happy trading and good luck all..
  • #140,024
  • Jun 25, 2009 3:05am Jun 25, 2009 3:05am
Quoting akumelayu
eleh..jomla blanjer kitorang..
Nasik kandaq line clear boleh?
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  • #140,025
  • Jun 25, 2009 3:05am Jun 25, 2009 3:05am
Quoting wormboy
No. Watch the h4 carefully and see if there are sign of weakness (ie reversal patterns) after challenging ltl. If there is, a pullback to 6475 level is on the cards. If not, bye bye bulls.
My humble advise is, just wait for the breakout. Trading this tight range is not worth the risk at all. You could easily get whipsawed bigtime.

Goodluck
Bro please update me when you go long or shot ..


Ub
  • #140,026
  • Jun 25, 2009 3:06am Jun 25, 2009 3:06am
Quoting wormboy
No. Watch the h4 carefully and see if there are sign of weakness (ie reversal patterns) after challenging ltl. If there is, a pullback to 6475 level is on the cards. If not, bye bye bulls.
My humble advise is, just wait for the breakout. Trading this tight range is not worth the risk at all. You could easily get whipsawed bigtime.

Goodluck
thanks..good advise myfriend
  • #140,027
  • Jun 25, 2009 3:07am Jun 25, 2009 3:07am
i shorted 6450 close 6330, longed 6325 tp arround 6450

just pivot trading .. sell resistance, buy support. if im wrong i will get stopped break even and gained over 100 pips with first trade. good luck everybody, and just trade pivots

sly
  • #140,028
  • Jun 25, 2009 3:13am Jun 25, 2009 3:13am
Quoting slykyn
i shorted 6450 close 6330, longed 6325 tp arround 6450

just pivot trading .. sell resistance, buy support. if im wrong i will get stopped break even and gained over 100 pips with first trade. good luck everybody, and just trade pivots

sly
did you take the m15 short at the ltl break yesterday? That was like taking candy from a baby lol. Good eye btw, nice job
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  • #140,029
  • Edited 3:33am Jun 25, 2009 3:17am | Edited 3:33am
Quoting wormboy
did you take the m15 short at the ltl break yesterday? That was like taking candy from a baby lol. Good eye btw, nice job


thanks
sly

...
closed at 6350. maybe it was just a retracement? dont wana lose my pips , i think its now like wormboy said .. "Trading this tight range is not worth the risk at all. You could easily get whipsawed bigtime."
  • #140,030
  • Jun 25, 2009 3:19am Jun 25, 2009 3:19am
Quoting akumelayu
thanks..good advise myfriend
wow.. afterall u don't hang around at siggy anymore.. FF forum trader.. dasat.. cayalah!
  • #140,031
  • Jun 25, 2009 3:45am Jun 25, 2009 3:45am
pon pon!!

G/U BUY AT 1.6399 ...TP gamble je..

ntah correct or not
  • #140,032
  • Jun 25, 2009 3:51am Jun 25, 2009 3:51am
Quoting akumelayu


istill hold my short yesterday....want she breakout or not....
esok kot
  • #140,033
  • Jun 25, 2009 3:53am Jun 25, 2009 3:53am
Quoting wormboy
Tak .. aku memang jenis yang tak trade ranging jea bro bukan nak makan besaq.
Ranging market is my kryptonite.
But you nailed it yesterday my friend with the short. Shorting after spotting weakness at a resistance level is textbook stuff. Masterful trading brother
wat la aku tak jumpa hg awai2..simple n low risk trade style...adoi..
  • #140,034
  • Jun 25, 2009 3:54am Jun 25, 2009 3:54am
i took long from 1.6330
  • #140,035
  • Jun 25, 2009 3:57am Jun 25, 2009 3:57am
long @ 6320...lets see
  • #140,036
  • Jun 25, 2009 3:57am Jun 25, 2009 3:57am
Quoting tomie
pon pon!!

G/U BUY AT 1.6399 ...TP gamble je..

ntah correct or not
aku tau ko dah kaya..kalu le bg je equity ko tu sumer kat aku drpd kasi kat org lain ......fully utilise this FF la...learn how to gain ur knowledge..do not worry made a mistake ...few people here can correct....mal/wormboy and some other great trader here willing to help you....unless ko scalper..aku no comment..good luck
  • #140,037
  • Jun 25, 2009 3:58am Jun 25, 2009 3:58am
get your 4 hour breakout wormboy?
Avoiding poverty, one pip at a time.
  • #140,038
  • Jun 25, 2009 4:01am Jun 25, 2009 4:01am
pon pon!!

G/U SELL AT 1.6303...TP gamble je

ntah correct or not
  • #140,039
  • Jun 25, 2009 4:01am Jun 25, 2009 4:01am
Breakout would have to be 4H candle close outside of channel..If it closes inside channel, bullish again. Will know in 3 hours...
  • #140,040
  • Jun 25, 2009 4:03am Jun 25, 2009 4:03am
Quoting grashid
esok kot
hari ni kot g?

We have arrived. 6300 level just as "expected" lol.
Interesting to see the reaction from the market now we've reached here.
Going long right now imho is pure gambling as the current h4 candle is showing a lot of strength.

Good luck
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