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Cable Update (GBPUSD)

  • #148,261
  • Jul 20, 2009 9:24pm Jul 20, 2009 9:24pm
Quoting forexlion
I am aiming for 1.6460 bounce area
closed out for now, will consider fresh entry later
  • #148,262
  • Jul 20, 2009 9:24pm Jul 20, 2009 9:24pm
Quoting Bull_Bear
AL, 1.6530 to jump back in if your lucky.... if she breaks 1.6490, we be moving back to test the 1.6450 level..... your call mate
Pretty much my thinking as well buddy. Don't know if we'll get there till London though. But, that's why I'm drinking coffee and staying up...

All I need is to catch the train, lock my seatbelt and then SLEEP...LOL
Ghost Rider - WWTBMD?
  • #148,263
  • Jul 20, 2009 9:24pm Jul 20, 2009 9:24pm
Thank you. I have the same modus operandi wrt to the weekly s/r and H4 charts.

Quoting albchr
I use S/R & PA period (see sig...lol). I use weekly and daily for plotting the stronger S/R levels and trade from the 1 & 4 hour charts. I'll put a couple weaker S/R lines from the 4 hour for target levels along the way.

My actual "strategy" (if you can call it that) is NOT something I'd recommend any "Smart" trader use. But then, no "Smart" trader would...LOL
Its all in the mind.
  • #148,264
  • Jul 20, 2009 9:27pm Jul 20, 2009 9:27pm
there was a dirvergence in the one hour stochastic, it is now indicating a possible retracement, or even the begining of a reversal. The USD CHF is also showing the same exaustion signals.( my reverse barometer)

I suspect its about lunch time in Tokyo and a lot of money is off the table, this will lead to a certain ammount of volitility.

For better or worse, my fore sight tells me to stay with the short trades I have.

At the end of the day it will be nice if foresight and hindsight are nicely married.
  • #148,265
  • Jul 20, 2009 9:31pm Jul 20, 2009 9:31pm
Quoting forexlion
closed out for now, will consider fresh entry later
can you help me out with that Lion?

thank

Angel.
  • #148,266
  • Jul 20, 2009 9:32pm Jul 20, 2009 9:32pm
Quoting anuarmu
The member here just share what they know and they have their own strategy. If you don't mind to share what is your strategy?
I use the Darma Pivot after 5pm eastern time if price brake the darma and I have a confirmation with the Guppy Emma I go long or short and use daily and weekly pivot for profit target. Then along the way I use the Guppy emma indicator to help stay or get out of a open trade as well as the daily or te weekly pivot. You can read a lot of article about the Guppy on the net it is a more powerfull tool then the crossing of a simple moving average.

You can look at my previous post to see why I ENTER SHORT at 1.6535 few hour ago according to my strategy.

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  • #148,267
  • Jul 20, 2009 9:33pm Jul 20, 2009 9:33pm
Quoting qp2
At the end of the day it will be nice if foresight and hindsight are nicely married.
Ain't it always nice when they are....Amen!
Ghost Rider - WWTBMD?
  • #148,268
  • Jul 20, 2009 10:16pm Jul 20, 2009 10:16pm
Quoting albchr
Ain't it always nice when they are....Amen!
Cable is flat on her back, probably sleeping. Time to go to sleep man.
Great Bodies are Engineered not Born
  • #148,269
  • Jul 20, 2009 10:21pm Jul 20, 2009 10:21pm
Thinking of reversal.. maybe can scalp a few pips.. maybe price go to 6600. Maybe happen if this hour candle exceed 6514.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #148,270
  • Jul 20, 2009 10:21pm Jul 20, 2009 10:21pm
Quoting qp2
there was a dirvergence in the one hour stochastic, it is now indicating a possible retracement, or even the begining of a reversal. The USD CHF is also showing the same exaustion signals.( my reverse barometer)

I suspect its about lunch time in Tokyo and a lot of money is off the table, this will lead to a certain ammount of volitility.

For better or worse, my fore sight tells me to stay with the short trades I have.

At the end of the day it will be nice if foresight and hindsight are nicely married.
will it help if i buy 900 trillion worth of GU in virtual money , will it move the markets sufficiently ?
  • #148,271
  • Jul 20, 2009 10:27pm Jul 20, 2009 10:27pm
Eeerily quiet. What a contrast compared to yesterday.
Great Bodies are Engineered not Born
  • #148,272
  • Jul 20, 2009 10:35pm Jul 20, 2009 10:35pm
Quoting forexlion
will it help if i buy 900 trillion worth of GU in virtual money , will it move the markets sufficiently ?
which broker will give you so much damn of virtual money......
at last i`ve found a holygrail........
  • #148,273
  • Jul 20, 2009 10:45pm Jul 20, 2009 10:45pm
4hr closes soon, looks bullish!
  • #148,274
  • Jul 20, 2009 10:47pm Jul 20, 2009 10:47pm
Quoting RichLadyFX
Eeerily quiet. What a contrast compared to yesterday.
Let me burst the silence
It looks like it's coming to trade down to 1.6380 area ..
  • #148,275
  • Jul 20, 2009 10:47pm Jul 20, 2009 10:47pm
yes and on the one minute and 5 minute we have an acending triangle, foresight and hindsight may still be estranged at the end of the day, how sad, again.
  • #148,276
  • Jul 20, 2009 10:53pm Jul 20, 2009 10:53pm
hai guys, any chance cable will move up to 1.6534 area?
  • #148,277
  • Jul 20, 2009 10:54pm Jul 20, 2009 10:54pm
Quoting mktjong
Let me burst the silence
It looks like it's coming to trade down to 1.6380 area ..
One of the prices I have to pay for being an underachieving trader is going to work every now and then.

I have to go tomorrow, unless you are right.

I wish you well.
  • #148,278
  • Jul 20, 2009 11:01pm Jul 20, 2009 11:01pm
Quoting rockpillars
hai guys, any chance cable will move up to 1.6534 area?
I think it may but hope it does not.

Haveing said this I know hope is not a good word to use in trading, it betrays a sense of not being in control.

But I always hope for the best, and am on standby for worst.
  • #148,279
  • Jul 20, 2009 11:03pm Jul 20, 2009 11:03pm
Quoting Yngwie
Thinking of reversal.. maybe can scalp a few pips.. maybe price go to 6600. Maybe happen if this hour candle exceed 6514.
so far so good
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #148,280
  • Jul 20, 2009 11:05pm Jul 20, 2009 11:05pm
Ok I'm going bull now with tight 30pips SL...hope it works out...
Never Stop Learning...
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