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Cable Update (GBPUSD)

  • #146,721
  • Jul 16, 2009 2:31am Jul 16, 2009 2:31am
Quoting wormboy
Contradicting signals across the timeframes. I'd be very careful placing orders on days like today, usually gets really crazy

Catch you guys london session. Trade safe & good luck everyone.
I stand corrected.

H4 shows ltl rejection indicating bullish bias is still intact. But, price is squeezed in this bottleneck, this could explode either way. Unless already holding a position, sitting this one out is probably the best one could do.
Just a thought.

Good luck
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Thank You
  • #146,722
  • Jul 16, 2009 2:36am Jul 16, 2009 2:36am
Hello!
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  • #146,723
  • Jul 16, 2009 2:40am Jul 16, 2009 2:40am
Quoting wormboy
I stand corrected.

H4 shows ltl rejection indicating bullish bias is still intact. But, price is squeezed in this bottleneck, this could explode either way. Unless already holding a position, sitting this one out is probably the best one could do.
Just a thought.

Good luck
Hello wormboy, what indi you have there ? it's look wonderfull. Hope can learn from u master.
  • #146,724
  • Jul 16, 2009 2:43am Jul 16, 2009 2:43am
Quoting Clouds
Hello!
Attachment
I'm with cloud. H4 is in an uptrend but both H2 & H1 are indicating a drop.
Very hard to predict a trend change thou..
  • #146,725
  • Jul 16, 2009 2:44am Jul 16, 2009 2:44am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Good call BB,

I agree that 163300-63000 is the level to watch. This will be the decision time for cable.

Calling shorts at 1644ishh wasn't a bad call. I am sure few others enjoyed the small ride as well.


ams




Quoting Bull_Bear
Morning guys,

That sell order is now off the table as price did not take out 1.6450 level cleanly. I still see Cable rising for now, however a retracement is underway to abt 1.6300 support. No positions on for cable now

As Eur Its respected that falling to a tee. My call on TP for last night at 1.4100 and 1.4120 played out perfectly. IMPORTANT for shorties, watch 1.4130 level.

See you guys at the London / US session

Gotta Run
  • #146,726
  • Jul 16, 2009 2:44am Jul 16, 2009 2:44am
Well I see the calls are all over the map today...LOL

Much like this pair...
Ghost Rider - WWTBMD?
  • #146,727
  • Jul 16, 2009 2:48am Jul 16, 2009 2:48am
Quoting freeasabird
Hello wormboy..
hello.

They're just trendlines.

btw, I'm not a master. Don't overrate me. Have a good one
Thank You
  • #146,728
  • Jul 16, 2009 2:49am Jul 16, 2009 2:49am
Quoting albchr
Well I see the calls are all over the map today...LOL

Much like this pair...
lol, very true
Thank You
  • #146,729
  • Jul 16, 2009 2:54am Jul 16, 2009 2:54am
Quoting wormboy
btw, I'm not a master. Don't overrate me. Have a good one
You're too humble............
Ghost Rider - WWTBMD?
  • #146,730
  • Jul 16, 2009 2:55am Jul 16, 2009 2:55am
Quoting wormboy
hello.

They're just trendlines.

btw, I'm not a master. Don't overrate me. Have a good one
Hmmm ... thats quite complex trendline.
  • #146,731
  • Jul 16, 2009 2:57am Jul 16, 2009 2:57am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Do you ever make calls albchr or you still learning ?

I thought you are the learned one :-)


ams

Quoting albchr
Well I see the calls are all over the map today...LOL

Much like this pair...
  • #146,732
  • Jul 16, 2009 3:01am Jul 16, 2009 3:01am
Ok lets take the EUR down..... sell @ 1.4090.... SL 1.4140.....Tp tell you later

Gotta run to my bro in law B'Day.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #146,733
  • Jul 16, 2009 3:06am Jul 16, 2009 3:06am
Quoting ams
Do you ever make calls albchr or you still learning ?

I thought you are the learned one :-)


ams
You still busting my chops...LOL

Yes I make calls....for myself. I don't come here looking for them but there certainly are some I respect, and consider the the opinions of...

And yes...always learning.

How about you?
Ghost Rider - WWTBMD?
  • #146,734
  • Jul 16, 2009 3:08am Jul 16, 2009 3:08am
Quoting albchr
You're too humble............
My daddy taught me not to be cocky
Thank You
  • #146,735
  • Jul 16, 2009 3:09am Jul 16, 2009 3:09am
looks like we're going to test the ltl again.

the DAAX is leaning bearish. If it breaks 4900 we may go south with it.
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  • #146,736
  • Jul 16, 2009 3:10am Jul 16, 2009 3:10am
Quoting freeasabird
Hmmm ... thats quite complex trendline.
They're not complex I assure you. Just needs practise that's all.
If you're interested, go look for demark's studies.
Thank You
  • #146,737
  • Jul 16, 2009 3:13am Jul 16, 2009 3:13am
Quoting wormboy
My daddy taught me not to be cocky

Your Dad and my Dad would probably get along well...as we do...
Ghost Rider - WWTBMD?
  • #146,738
  • Jul 16, 2009 3:14am Jul 16, 2009 3:14am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
lol, no dude, just making sure that I get into the right company with right attitude.

I see some good traders on this forum and would like to make sure we are in sync when we trade by making calls and being challenged on them by others to reconsider our strategy.
Being humans we are ruled by different kind of emotions at different times. So just a check.

Let's put it this way, if you are at the right place at right time, it will expedites the account :-)


ams





Quoting albchr
You still busting my chops...LOL

Yes I make calls....for myself. I don't come here looking for them but there certainly are some I respect, and consider the the opinions of...

How about you?
  • #146,739
  • Jul 16, 2009 3:18am Jul 16, 2009 3:18am
Quoting albchr
Your Dad and my Dad would probably get along well...as we do...
Hey Chris,

How's it going?

Man, you're up early! what is it, 4am over there?
  • #146,740
  • Jul 16, 2009 3:20am Jul 16, 2009 3:20am
Quoting ams
lol, no dude, just making sure that I get into the right company with right attitude.

I see some good traders on this forum and would like to make sure we are in sync when we trade by making calls and being challenged on them by others to reconsider our strategy.
Being humans we are ruled by different kind of emotions at different times. So just a check.

Let's put it this way, if you are at the right place at right time, it will expedites the account :-)


ams

Very true. Actually, I have made "some" calls before but in this mess, I wouldn't dare. I've done very well trading the short time I have but like this morning, I just squeezed off a 19 pip 2 lot loss because I broke two of my rules.

1) Never place a trade in the first hour of the London session
2) NEVER place a trade before at LEAST 1 cup of coffee...LOL

And now it looks like I should have held it. a sell at 6375....geezzz
Ghost Rider - WWTBMD?
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