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Cable Update (GBPUSD)

  • #147,681
  • Jul 19, 2009 7:57pm Jul 19, 2009 7:57pm
Quoting forexlion
i will reconsider longs if 6365 holds on 5 min

If it holds on the M5 it'll hold on all

Lion, whats your setup please your M5 system looks very similar to my M1 system.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #147,682
  • Jul 19, 2009 8:05pm Jul 19, 2009 8:05pm
Quoting wormboy
yup. gaps are usually relatively easy to trade off brother.
2-3 hours after the opening gap, if there's any form of reversal pattern, I'd just pick it up.
Morning fellas.
There's the reversal. Let's see if she slides from here on or I'll get hammered.
Laters.
Thank You
  • #147,683
  • Jul 19, 2009 8:24pm Jul 19, 2009 8:24pm
Quoting ganymedes
Long entry @ 1.6350, SL @ 1.6297.
SL @ BE, intraday targets: 1.6414, 1.6455.
  • #147,684
  • Jul 19, 2009 8:43pm Jul 19, 2009 8:43pm
Quoting Turveyd
If it holds on the M5 it'll hold on all

Lion, whats your setup please your M5 system looks very similar to my M1 system.
I use 3 systems

 

  1. Jack and Jill
  2. Scooby Dooby Doo
  3. Girlfriend

and yeah Humpty Dumpty too

  • #147,685
  • Jul 19, 2009 8:44pm Jul 19, 2009 8:44pm
Quoting forexlion
I use 3 systems

 

  1. Jack and Jill
  2. Scooby Dooby Doo
  3. Girlfriend

and yeah Humpty Dumpty too

first we hit 6383

now we hit 6391

above here i will avoid longs entirely, cause i see something dirty out there,
  • #147,686
  • Jul 19, 2009 8:57pm Jul 19, 2009 8:57pm
Quoting forexlion
first we hit 6383

now we hit 6391

above here i will avoid longs entirely, cause i see something dirty out there,
How dirty? Filthy?
Great Bodies are Engineered not Born
  • #147,687
  • Jul 19, 2009 9:09pm Jul 19, 2009 9:09pm
Good Morning Guys...

I think the evening star from last week maybe be a failed reversal. There was no bearish confirmation below the last candle, so this might be moving up...maybe 6440 to 6480
Never Stop Learning...
  • #147,688
  • Jul 19, 2009 9:11pm Jul 19, 2009 9:11pm
Quoting RichLadyFX
How dirty? Filthy?
Diapers ?
  • #147,689
  • Jul 19, 2009 9:15pm Jul 19, 2009 9:15pm
Quoting RichLadyFX
How dirty? Filthy?
between 6391 and 6412 is the dirty zone or kiss of death zone from where a serious reversal down can happen if the person is not carefully watching the trend he can get caught badly.
  • #147,690
  • Jul 19, 2009 9:21pm Jul 19, 2009 9:21pm
Quoting forexlion
between 6391 and 6412 is the dirty zone or kiss of death zone from where a serious reversal down can happen if the person is not carefully watching the trend he can get caught badly.
Thank you, will be careful. SL ready.
Great Bodies are Engineered not Born
  • #147,691
  • Jul 19, 2009 9:54pm Jul 19, 2009 9:54pm
from 6412 if GU does not drop 70 pips i will be M A D
  • #147,692
  • Jul 19, 2009 10:07pm Jul 19, 2009 10:07pm
Quoting forexlion
from 6412 if GU does not drop 70 pips i will be M A D
Looks like it
Great Bodies are Engineered not Born
  • #147,693
  • Jul 19, 2009 10:07pm Jul 19, 2009 10:07pm
Quoting ganymedes
SL @ BE, intraday targets: 1.6414, 1.6455.
Closed.
  • #147,694
  • Jul 19, 2009 10:10pm Jul 19, 2009 10:10pm
Quoting forexlion
from 6412 if GU does not drop 70 pips i will be M A D
anything can happen...don't be over confidence ......
  • #147,695
  • Jul 19, 2009 10:13pm Jul 19, 2009 10:13pm
Quoting forexlion
from 6412 if GU does not drop 70 pips i will be M A D
yipee i got in from the top
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 14 KB
  • #147,696
  • Jul 19, 2009 10:15pm Jul 19, 2009 10:15pm
Hi Guys,

This is my first post, Hello, and congrataulations on an intelligent and reasoned thread of posts.

I trade only the GBP USD and ocasionally hedge with the USD CHF, normally I trade with the UK open and stay in as long as prudent sometimes days, typically hours.

My wish is to trade my real account as well as my demo account, I will let you all know when I get there.
  • #147,697
  • Jul 19, 2009 10:25pm Jul 19, 2009 10:25pm
Quoting RichLadyFX
Looks like it
like i said ..... dirty zone
  • #147,698
  • Jul 19, 2009 10:32pm Jul 19, 2009 10:32pm
Quoting forexlion
like i said ..... dirty zone
Thanks, in the positive zone now.
Great Bodies are Engineered not Born
  • #147,699
  • Jul 19, 2009 10:45pm Jul 19, 2009 10:45pm
Quoting forexlion
like i said ..... dirty zone
we should consolidate at 1.6383 before any fresh direction develops
  • #147,700
  • Jul 19, 2009 10:58pm Jul 19, 2009 10:58pm
Quoting forexlion
yipee i got in from the top
drop by drop fills the ocean

and

earlier on, all the discussed levels were achieved

the reason for taking this short was 2 fold

 

  1. every move up on 5 min was being sold with high volume [ if i read it correctly ]
  2. we touched the 4 hour t3ma line which is still bearish

Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 15 KB
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