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Cable Update (GBPUSD)

  • #149,341
  • Jul 22, 2009 8:02am Jul 22, 2009 8:02am
Quoting mktjong
This bull could very well trade up to 1.6490 area (12 hours resistance)
mm..maybe am not agreed...as my red line break..yellow line will see the test....so am putting 2nd sell limit at that red line..unless break then...1.65 perhaps will be my SL...
  • #149,342
  • Jul 22, 2009 8:07am Jul 22, 2009 8:07am
Quoting forexlion
never

trade just to trade

btw your trade may not succeed, i see something nasty here
Yes, you are very right about that!
"Roller coaster" mode today...
  • #149,343
  • Jul 22, 2009 8:08am Jul 22, 2009 8:08am
Quoting grashid
mm..maybe am not agreed...as my red line break..yellow line will see the test....so am putting 2nd sell limit at that red line..unless break then...1.65 perhaps will be my SL...
The gold and oil seem to be the driving force for risk appetite. I haven't pulled a single trigger yet since NY opens today .. still waiting ..
  • #149,344
  • Jul 22, 2009 8:10am Jul 22, 2009 8:10am
I HATE THAT bERNANKE guy
when he talkes market goes crazy
  • #149,345
  • Jul 22, 2009 8:11am Jul 22, 2009 8:11am
Quoting ganymedes
Yes, you are very right about that!
"Roller coaster" mode today...
Only trade with the best set-up .. otherwise you are really gambling .. been there done that
  • #149,346
  • Jul 22, 2009 8:12am Jul 22, 2009 8:12am
Quoting albchr
Thanks Lion. I admire your skills bro...
Same like u too.
Hi Grashid and Lion,

My pending order @ 6430 has been triggerred. Don't know what the big boys are up to so have SL @ 6460. I'm hoping the 6450 Resistance hold. What do u think? Need ur reply ASAP 'cos I'm shitting in my pants right now!!
In all your ways acknowledge Him and He will direct your path.
  • #149,347
  • Jul 22, 2009 8:14am Jul 22, 2009 8:14am
Quoting mktjong
The gold and oil seem to be the driving force for risk appetite. I haven't pulled a single trigger yet since NY opens today .. still waiting ..
  • #149,348
  • Jul 22, 2009 8:16am Jul 22, 2009 8:16am
Quoting ssaqeel
Hey Alb, i love your dedication and i m impressed with it. You n Forex lion are the inspiration for others over here .
Good Luck n Happy Trading

Thanks for the kind words ....... but really folks, I'm a newbie and just learning like the rest of you. I'm just getting my feet wet and everyday I work to keep walking in water, and not fire...LOL

Lion is a trader. I hope to be one some day.
Ghost Rider - WWTBMD?
  • #149,349
  • Jul 22, 2009 8:17am Jul 22, 2009 8:17am
Quoting OmegaFire
Same like u too.
Hi Grashid and Lion,

My pending order @ 6430 has been triggerred. Don't know what the big boys are up to so have SL @ 6460. I'm hoping the 6450 Resistance hold. What do u think? Need ur reply ASAP 'cos I'm shitting in my pants right now!!
am did not put my SL yet...possible at 1.65..1.6430 should be safe for short from my opinion....good luck..go n check ur M15....then u will know what is next...otherwise i can be wrong n becarefull with current PA as we can be trap too...Good luck
  • #149,350
  • Jul 22, 2009 8:18am Jul 22, 2009 8:18am
Quoting roreki
I HATE THAT bERNANKE guy
when he talkes market goes crazy
Just kill him..or let lion eat him..LoL
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #149,351
  • Jul 22, 2009 8:19am Jul 22, 2009 8:19am
WOW, just touched my utl. Hmmmm...take a chance or put the gun back in it's holster??...Hmmmmm....
Ghost Rider - WWTBMD?
  • #149,352
  • Jul 22, 2009 8:21am Jul 22, 2009 8:21am
Like I said 4 pages ago. don't forget to update your downtrend higher channel!!

On iPod ATM but I think it's at that area now
  • #149,353
  • Jul 22, 2009 8:23am Jul 22, 2009 8:23am
A tons of volume at 1.6450 to be penetrate, otherwise will go down at least 200pips(mouteki)...fuhhhh
Pride of opinion is a characteristic of losing traders
  • #149,354
  • Jul 22, 2009 8:23am Jul 22, 2009 8:23am
Quoting roreki
I HATE THAT bERNANKE guy
when he talkes market goes crazy
with dollars sticking out of his .......

anyone can go crazy
Attached Image
  • #149,355
  • Jul 22, 2009 8:23am Jul 22, 2009 8:23am
Have to close the PC 'cos I might just develop hypertention.
In all your ways acknowledge Him and He will direct your path.
  • #149,356
  • Jul 22, 2009 8:25am Jul 22, 2009 8:25am
Quoting KillPhil08
Like I said 4 pages ago. don't forget to update your downtrend higher channel!!

On iPod ATM but I think it's at that area now
Like this? (still learning TL's) 1H

If it bounces again, I "might" go short with a small position.
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 28 KB
Ghost Rider - WWTBMD?
  • #149,357
  • Jul 22, 2009 8:26am Jul 22, 2009 8:26am
Really hope it will head down south soon and not going up north so much then down south. Have not been winning since last wk.
  • #149,358
  • Jul 22, 2009 8:26am Jul 22, 2009 8:26am
hmmmm Im starting to wonder....is it that:

1. Price just returned to touch the LTL (holding the move which started at 160.32) which broke during London, now forming a double top and will then start to fall to Lord knows where, or

2. There's a change in sentiment....Descending channel broke and we have a Higher low than the one we had in London. (to confirm this a higher high, maybe 164.80 would have to form)

So I'm watching for now.
On a journey to consistency.
  • #149,359
  • Jul 22, 2009 8:26am Jul 22, 2009 8:26am
Quoting roreki
I HATE THAT bERNANKE guy
when he talkes market goes crazy
  • #149,360
  • Jul 22, 2009 8:27am Jul 22, 2009 8:27am
Quoting OmegaFire
Have to close the PC 'cos I might just develop hypertention.
Good idea .. that's the way we should be trading .. no emotional involved ..
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