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Cable Update (GBPUSD)

  • #148,801
  • Jul 21, 2009 5:35pm Jul 21, 2009 5:35pm
Quoting vlady1974
I've been getting back my losses from a series of bad trades last week and a bit. 56 more pips and I'm BE. We'll just have to see what the Asian market does tonite...
You're not alone. I did very well last week (Friday actually) but yesterday and this morning I took a few hits. Still well in profit but those hits hurt.

The Asian market is alway hard to figure (for me at least) so yep, we'll see.
Ghost Rider - WWTBMD?
  • #148,802
  • Jul 21, 2009 5:36pm Jul 21, 2009 5:36pm
Long could be in play based on the H1 framework. Do not expect much though, plan to play a 30 pip game risking 30. Waiting for Asian session to get hotter and show direction. Already long on Yoroow-dollar for a 25 pip stop.
Its all in the mind.
  • #148,803
  • Jul 21, 2009 5:37pm Jul 21, 2009 5:37pm
Quoting 2be
Hi vlady,
I shall be long (multientry mid temr trading) after cable established the more significant low in the 1.58 region. Till then I shall be scalping both ways using momentum.
I find VSA analysis more usable at the hights of activity at the London and US session, and I use them in addition to the PA in relation to some MA. H4 VSA points to a failed retest of the low, but the price is not at any significant level atm, and the market is usually slow, until the Tokyo open. I am flat, though I have taken a few fast scalps (shorting). For time being...
Cheers 2BE. The 1.58 region looks visible on the Daily and 4H timeframe from my side of the fence. As a newbie, I think this is possible only if 1.6602 can't hold. I'm using Murrey Math for this... so, 8/8 is 1.6602 and 9/8th line is 1.6724... if it fails at 1.6724 it'll be a real sharp decline to the 1.58 or lower - I'll take a stab at 1.5747

Some of the guys' analysis of a triangle/flage breakout seem to point to this area. Unfortunately, I've dispensed with my price prediction techniques long ago (in stocks) and just ride the PA. Still learning how to do this in FX which is a difficult beast to tame

I'm only just starting to understand the effects of the other pairs on GU...
A pip is only worth it if you know how much you risked to earn it
  • #148,804
  • Jul 21, 2009 5:48pm Jul 21, 2009 5:48pm
Quoting 5abi
Long could be in play based on the H1 framework. Do not expect much though, plan to play a 30 pip game risking 30. Waiting for Asian session to get hotter and show direction. Already long on Yoroow-dollar for a 25 pip stop.
Yep I saw your post in the EU thread. I'm not sure myself. I think we have a shot at 6380 on GU tonight but, I have no ide what the Asian session will bring. That's why I'm in a free trade already.
Ghost Rider - WWTBMD?
  • #148,805
  • Jul 21, 2009 5:56pm Jul 21, 2009 5:56pm
I went short around 2 hours ago at 1.6457, I moved SL to 1.6456, I hate this slow moving price between Sydney and Tokyo. My TP is at 1.6380. I'll just watch and see what happens.
On a journey to consistency.
  • #148,806
  • Edited 10:23pm Jul 21, 2009 6:06pm | Edited 10:23pm
Well I'm short 2 standard at 6456, locked in for 1, currently up 10 and need to get a couple hours sleep. See you all in London time...

1H chart. We break the upper TL (green) I think we head for 6550. Break the lower (red) and 6320 here we come.

Good luck everyone....
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 24 KB
Ghost Rider - WWTBMD?
  • #148,807
  • Jul 21, 2009 7:01pm Jul 21, 2009 7:01pm
Nice. I'm shorting the Dow too from 8934
Disclaimer: Check your 1m charts
  • #148,808
  • Jul 21, 2009 7:03pm Jul 21, 2009 7:03pm
Lets see what the big boys in Asia have to say..
Great Bodies are Engineered not Born
  • #148,809
  • Jul 21, 2009 7:06pm Jul 21, 2009 7:06pm
Hi ya Rich Lady
Disclaimer: Check your 1m charts
  • #148,810
  • Jul 21, 2009 7:11pm Jul 21, 2009 7:11pm
Quoting albchr
Well I'm short 2 standard at 6456, locked in for 1, currently up 10 and need to get a couple hours sleep. See you all in London time...

1H chart. We break the upper TL (green) I think we head for 6550. Break the lower (red) and 6380 here we come.

Good luck everyone....
  • #148,811
  • Jul 21, 2009 7:21pm Jul 21, 2009 7:21pm
Quoting pipper
Hi ya Rich Lady
Hi and good morning, afternoon, evening or night to all of you. May today will be our best day!
Great Bodies are Engineered not Born
  • #148,812
  • Jul 21, 2009 7:30pm Jul 21, 2009 7:30pm
what do you guys think?

Will it go lower?
  • #148,813
  • Jul 21, 2009 7:30pm Jul 21, 2009 7:30pm
Yeah its like we all came to a rollercoaster park today, lets enjoy the ride. Hopefully 1.6300
  • #148,814
  • Jul 21, 2009 7:39pm Jul 21, 2009 7:39pm
Quoting forexlion
the advanced warning system saved my ass back there

hit 6383 and bounced hard

6460 here i come
Hi, I am new one from Japan
anyone could tell me how to find the oscillation indicator in this chart?
  • #148,815
  • Jul 21, 2009 7:43pm Jul 21, 2009 7:43pm
Quoting alexandru987
what do you guys think?

Will it go lower?

1.6400 acting as support, but the trend is DOWN 100% Down, so any longs at this point are just a waste of your money!!

Yes it could maybe just possibly bounce but you'll get better odds at vegas.

>1.6410 gives you a Long shot a cautious 1!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #148,816
  • Jul 21, 2009 7:45pm Jul 21, 2009 7:45pm
Go to google, type it in browser, and you'll find tons of them. Good luck
  • #148,817
  • Jul 21, 2009 7:57pm Jul 21, 2009 7:57pm
I will admit, it looks like you bears are right!

Probably!

Descending triangle on 1hr.

Look for break of 380.
  • #148,818
  • Jul 21, 2009 8:02pm Jul 21, 2009 8:02pm
Quoting UncleSam123
Go to google, type it in browser, and you'll find tons of them. Good luck
thanks for your reply.
I had searched, but could not find the indicator named as "advanced warning system", which is different from ART-MA
  • #148,819
  • Jul 21, 2009 8:06pm Jul 21, 2009 8:06pm
Quoting zhangli
thanks for your reply.
I had searched, but could not find the indicator named as "advanced warning system", which is different from ART-MA

I think he made this indicator himself... no link
Better safe than sorry
  • #148,820
  • Jul 21, 2009 8:11pm Jul 21, 2009 8:11pm
Ive got a new strategy!

Its called "wave rider" and its got one rule:

Role with the waves, you'll miss a few small ones, but you'll catch the big ones, but always remember to ride with the wave.


Goodluck
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