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Cable Update (GBPUSD)

  • #149,461
  • Jul 22, 2009 10:33am Jul 22, 2009 10:33am
Hard to read at this stage, but could possibly be turning down for abit trend wise


Tis good to be on the right side of the trend
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #149,462
  • Jul 22, 2009 10:34am Jul 22, 2009 10:34am
Quoting Terminale
Did anyone saw that Hanging man in Dow jones in the 4h m tf ?

I think we will have a fast selloff shortly. especially that the index went up too far without any retrace.
What hanging man?
The one boxed in the attached chart was yesterday's & I was counting on that to reverse. Wrong again lol. Booming economy can't you tell? market lol
Attached Image (click to enlarge)
Click to Enlarge Name: dow4.JPG Size: 66 KB
Thank You
  • #149,463
  • Jul 22, 2009 10:35am Jul 22, 2009 10:35am
How are you reading those pins Christopher - What tf
Disclaimer: Check your 1m charts
  • #149,464
  • Jul 22, 2009 10:35am Jul 22, 2009 10:35am
Quoting Proness
God you're wrong!

Well relative to the general population, still likely isn't much of a life though.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #149,465
  • Jul 22, 2009 10:37am Jul 22, 2009 10:37am
so anyone is going long
  • #149,466
  • Jul 22, 2009 10:38am Jul 22, 2009 10:38am
Quoting roreki
so anyone is going long
No we are part of the 98% and losing


Make up your own mind, trade your own system and don't rely on luck cause there is no such thing
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #149,467
  • Jul 22, 2009 10:39am Jul 22, 2009 10:39am
Quoting UncleSam123
GBP/USD bounce tested broken trend line at 1.6430-40, preference lower while trading below, potential ascending wedge breakoutdown may target 1.6250
can i see your chart sir?? i want TL 1.6430-40...if can't..its ok
  • #149,468
  • Jul 22, 2009 10:41am Jul 22, 2009 10:41am
Quoting pipper
How are you reading those pins Christopher - What tf
1H and IMHO, this is one you could wait MONTHS to see if it closes right...LOL We'll see....
Ghost Rider - WWTBMD?
  • #149,469
  • Jul 22, 2009 10:42am Jul 22, 2009 10:42am
Quoting roreki
so anyone is going long
I am still long and now put s/l +80 pips.
  • #149,470
  • Jul 22, 2009 10:44am Jul 22, 2009 10:44am
Quoting UncleSam123
GBP/USD bounce tested broken trend line at 1.6430-40, preference lower while trading below, potential ascending wedge breakoutdown may target 1.6250
Still holding my Long to 6540 - with trepidation. Don't like what PA is currently doing. Maybe I should turn off my PC.

Probably a little correction (more like an over correction) but should continue the uptrend. Almost took out my SL. Currently overleveraged. My last trade 4 d day. So help me God.
In all your ways acknowledge Him and He will direct your path.
  • #149,471
  • Jul 22, 2009 10:49am Jul 22, 2009 10:49am
i feel happy don't know why
  • #149,472
  • Jul 22, 2009 10:50am Jul 22, 2009 10:50am
Quoting roreki
i feel happy don't know why

Not married I bet
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #149,473
  • Jul 22, 2009 10:51am Jul 22, 2009 10:51am
Quoting Turveyd
Not married I bet
hahaha yeah still 22 years old
  • #149,474
  • Jul 22, 2009 10:52am Jul 22, 2009 10:52am
i also can't conclude my chart... what i see is LONG..

man... this is the tricky market..
  • #149,475
  • Jul 22, 2009 10:53am Jul 22, 2009 10:53am
GBP/USD 4-Hour Trend (DOWN) Daily Trend (DOWN)
  • #149,476
  • Jul 22, 2009 10:55am Jul 22, 2009 10:55am
Quoting albchr
I'm gonna watch this PA. If it closes a nice pin here, I might just go all in short...
Bearish strength not strong enough. More Like a Trap. Still holding my long. Should have taken the 40 pip move to 6500 and re-enterred after consolidation.

Any Close below 6460 means trouble for me.

What do u think Alb?
In all your ways acknowledge Him and He will direct your path.
  • #149,477
  • Jul 22, 2009 10:56am Jul 22, 2009 10:56am
Quoting UncleSam123
GBP/USD 4-Hour Trend (DOWN) Daily Trend (DOWN)
..
Hourly is over-bought now .. not much meat left to the upside.
  • #149,478
  • Jul 22, 2009 10:57am Jul 22, 2009 10:57am
Quoting mktjong
Only trade with the best set-up .. otherwise you are really gambling .. been there done that
Yes, you are right about the importance of good setups. And yes, that setup wasn't the best one. At least it seems very obvious now, as the setup failed and resulted in an 11 pip loss.
  • #149,479
  • Jul 22, 2009 10:59am Jul 22, 2009 10:59am
Quoting OmegaFire
Bearish strength not strong enough. More Like a Trap. Still holding my long. Should have taken the 40 pip move to 6500 and re-enterred after consolidation.

Any Close below 6460 means trouble for me.

What do u think Alb?
I think it better to close than having a Huge lose. Look at 4h TF. we have a SHS forming. The trend still down , Asia is Biased to down. Dow Jones is in red. And 1h Candle is a Shooting Star screaming : Short me , i will return to my place.
  • #149,480
  • Jul 22, 2009 10:59am Jul 22, 2009 10:59am
is that a perfect pinbar setup on 1hr and 4hr? 1hr closing now
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