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Cable Update (GBPUSD)

  • #142,621
  • Edited 6:19am Jul 3, 2009 6:07am | Edited 6:19am
Quoting wormboy
Them trends don't have to be "long" ones. About a week's worth will do for me lol.
Ranging market is my kryptonite bro. I can't stomach scalping, I'm not good at it. Especially when looking at the lower tf, ie 5m or 15m, I'll be as drunk as bullbear just by looking at the movements, minus the alcohol!
I don't scalp and I never drop below a 1H chart. No need to. I work from the 1 & 4H.

But honestly, the way I see it, A range is just a bunch of smaller trends. I've made an absolute killing over the last 3 weeks in the "range" between 6200 and 6600. Playing all the "trends" within it.

For example.....

http://www.forexfactory.com/showpost...stcount=140124

And the results...

http://www.forexfactory.com/showpost...stcount=140264
Ghost Rider - WWTBMD?
  • #142,622
  • Jul 3, 2009 6:09am Jul 3, 2009 6:09am
Somebody`s trying to protect their stops, buying the pair up... lol
  • #142,623
  • Jul 3, 2009 6:16am Jul 3, 2009 6:16am
Quoting albchr
I don't scalp and I never drop ...
The first week when it began to range I bagged some as well, but the following weeks when the range began to tighten I bailed. Thought the range would end "that" week lol. Boy was I wrong!
Thank You
  • #142,624
  • Jul 3, 2009 6:41am Jul 3, 2009 6:41am
Afternoon Wormboy

I am long from 1.6320 locked +1 how are your shorts doing bro I regret closing those shorts I had yesterday but a profit is always good
  • #142,625
  • Jul 3, 2009 6:44am Jul 3, 2009 6:44am
Quoting wormboy
The first week when it began to range I bagged some as well, but the following weeks when the range began to tighten I bailed. Thought the range would end "that" week lol. Boy was I wrong!

Yeah, PA all the way bro. Tells me when to get in, when to stay in, and when to get out...

I don't like to with the market. It would kick my butt every time...LOL
Ghost Rider - WWTBMD?
  • #142,626
  • Jul 3, 2009 6:47am Jul 3, 2009 6:47am
bear go to weekend ? bull wake up ?
  • #142,627
  • Jul 3, 2009 6:50am Jul 3, 2009 6:50am
Definately PA.

Why didn't I go long above 1.6300 just, downside 20 upside @50so far, with 70% chance of profiting.

Then I shoulda definately bought the market going over the M1 60sma
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #142,628
  • Jul 3, 2009 6:57am Jul 3, 2009 6:57am
Hey guys... Can you confirm this divergence?
Attached Image (click to enlarge)
Click to Enlarge Name: rsi_divergence.gif Size: 47 KB
  • #142,629
  • Jul 3, 2009 7:03am Jul 3, 2009 7:03am
Quoting davids
Afternoon Wormboy

I am long from 1.6320 locked +1 how are your shorts doing bro I regret closing those shorts I had yesterday but a profit is always good
Evening David,

Your long looks good methinks since you've locked in
I'm still holding my short positions & I think I'll just hold on to it as far as I can.
Good luck with your trade bro!
Thank You
  • #142,630
  • Jul 3, 2009 7:04am Jul 3, 2009 7:04am
Pulau Perhentian is a nice place. Lets dive there. Remember to bring our 'friends' along.
Great Bodies are Engineered not Born
  • #142,631
  • Jul 3, 2009 7:04am Jul 3, 2009 7:04am
Quoting PiPaDoR
Hey guys... Can you confirm this divergence?

ya u got it man , confirm it at break of 6348
t/p 6380
Winning isn't Everything...Winning is THE ONLY THING
  • #142,632
  • Jul 3, 2009 7:05am Jul 3, 2009 7:05am
Quoting RichLadyFX
Pulau Perhentian is a nice place. Lets dive there. Remember to bring our 'friends' along.
ala.nyelam kat pulau besarla..bru mistik skit
  • #142,633
  • Jul 3, 2009 7:08am Jul 3, 2009 7:08am
Quoting omar79
ya u got it man , confirm it at break of 6348
t/p 6380
Nice... I had a long signal but I missed... So let's wait to break 6348
  • #142,634
  • Jul 3, 2009 7:17am Jul 3, 2009 7:17am
Quoting wormboy
Evening David,

Your long looks good methinks since you've locked in
I'm still holding my short positions & I think I'll just hold on to it as far as I can.
Good luck with your trade bro!
bro i have pending sell order at 6380 is it ok or i need to change it please advice about it

thanks

Ub
  • #142,635
  • Jul 3, 2009 7:18am Jul 3, 2009 7:18am
Quoting wormboy
Evening David,

Your long looks good methinks since you've locked in
I'm still holding my short positions & I think I'll just hold on to it as far as I can.
Good luck with your trade bro!
Thanks Bro

I am still of the opinion this is going to go down a lot, my thinking is that we may go up first as I can see 1.7xxx sometime I can also us going to 1.58 if 1.58 does not hold the we could get to 1.51

Look at your charts the 15th of July last year it fell and never came back for a months so hopegully this will happen gain.

Good luck with the shorts mate
  • #142,636
  • Jul 3, 2009 7:21am Jul 3, 2009 7:21am
Quoting albchr
Just my humble opinion here but, with the holiday, I think the NY crowd is likely to be taking profits off the table and that "may" even push it back up a bit.

I'm not placing any trades on that thinking...just thinking. After this week's profits, I'm flat and I'll probably stay that way till Monday.
Still not sure but me thinks they're wanting beer and steak money for the weekend BBQ.....

Anyway, I'm outta here. Happy trading folks and many green pips to all.

Happy 4th.....
Ghost Rider - WWTBMD?
  • #142,637
  • Jul 3, 2009 7:27am Jul 3, 2009 7:27am
Congratulation to those celebrating 4th of July. May we all become financially independent.
Great Bodies are Engineered not Born
  • #142,638
  • Jul 3, 2009 7:38am Jul 3, 2009 7:38am
Quoting ubaidahsan
bro i have pending sell order at 6380 is it ok or i need to change it please advice about it

thanks

Ub
I think you should take po off and take a rest bro. No point placing a new position today tbh, unless you're looking to carry and build on this position for the longer term. If that's the case, you might want to wait till price close clear below the neckline on the h4 shampoo :
http://www.forexfactory.com/showpost...&postcount=502
http://www.forexfactory.com/showpost...&postcount=504

Until that happens, I think new short position for the longer term at this juncture is not advisable. If you want to scalp for pips, you might want to ask someone else, I am piss poor at it

Good luck!
Thank You
  • #142,639
  • Jul 3, 2009 7:45am Jul 3, 2009 7:45am
Quoting wormboy
I think you should take po off and take a rest bro. No point placing a new position today tbh, unless you're looking to carry and build on this position for the longer term. If that's the case, you might want to wait till price close clear below the neckline on the h4 shampoo :
http://www.forexfactory.com/showpost...&postcount=502
http://www.forexfactory.com/showpost...&postcount=504

Until that happens, I think new short position for the longer term at this juncture is not advisable. If you want to...
no i am not scalping bro asking for longer term ..so you mean i have to wait...and when there is a clear signal then enter again right?..

Ub

P.S guys please tell me about ODLmarkets is it a good broker???
  • #142,640
  • Jul 3, 2009 7:53am Jul 3, 2009 7:53am
UK, Darling seems confident that the economy will improve by the end of 2009...
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