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Cable Update (GBPUSD)

  • #155,401
  • Aug 5, 2009 11:40am Aug 5, 2009 11:40am
Quoting wormboy
come on jim, you were calling short too many times before yesterday & that daily ltl was there too back then.
everybody guesses, be it with the trend or without.
WORMIE HOLDING SHORT WAITING FOR DOWNFALL
  • #155,402
  • Aug 5, 2009 11:42am Aug 5, 2009 11:42am
That was the U/J, I was always long on GU until my signal changes. You must be thinking of someone else.

Ne

Quoting wormboy
come on jim, you were calling short too many times before yesterday & that daily ltl was there too back then.
everybody guesses, be it with the trend or without.
  • #155,403
  • Aug 5, 2009 11:44am Aug 5, 2009 11:44am
1.7109 near term and 1.7400 long term.

Ne


Quoting zameer
wat after 1.7042 ???????????????????
  • #155,404
  • Aug 5, 2009 11:49am Aug 5, 2009 11:49am
This red arrow was the one I traded the other day. It was this pair with the UTL. Got 95 pips off this signal.

Ne

Quoting wormboy
come on jim, you were calling short too many times before yesterday & that daily ltl was there too back then.
everybody guesses, be it with the trend or without.
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 49 KB
  • #155,405
  • Aug 5, 2009 11:53am Aug 5, 2009 11:53am
Wormie look at h4 seems to be harami there ?
  • #155,406
  • Aug 5, 2009 11:57am Aug 5, 2009 11:57am
Quoting Faryad
Wormie look at h4 seems to be harami there ?
Harami?? i dont see harami in H4... Are u talking about GU?? Harami should be a small body candle right? and btw what harami are u talking about? Bullish or bearish sign??
  • #155,407
  • Aug 5, 2009 12:00pm Aug 5, 2009 12:00pm
Quoting mloistianto
harami?? I dont see harami in h4... Are u talking about gu?? Harami should be a small body candle right? And btw what harami are u talking about? Bullish or bearish sign??
yes am talking about gu
big green candle with small red one ... Harami decrease in bullish momentum
  • #155,408
  • Aug 5, 2009 12:02pm Aug 5, 2009 12:02pm
Quoting Faryad
yes am talking about gu
big green candle with small red one ... Harami decrease in bullish momentum
i dont see any harami on h4 GU
  • #155,409
  • Aug 5, 2009 12:03pm Aug 5, 2009 12:03pm
Quoting Faryad
yes am talking about gu
big green candle with small red one ... Harami decrease in bullish momentum
Really? I dont see red candle.. H4 closed with green candle...
  • #155,410
  • Aug 5, 2009 12:15pm Aug 5, 2009 12:15pm
Quoting Nene
That was the U/J, I was always long on GU until my signal changes. You must be thinking of someone else.

Ne
Okay. So you're saying you've not short cable against the ltt before this?
Thank You
  • #155,411
  • Aug 5, 2009 12:17pm Aug 5, 2009 12:17pm
Quoting Faryad
WORMIE HOLDING SHORT WAITING FOR DOWNFALL
No man, I'm not trading cable today. Just dragon
Thank You
  • #155,412
  • Aug 5, 2009 12:18pm Aug 5, 2009 12:18pm
Oh yea, I have shorted against the trend during times of divergence when my system gives me a arrow. But I always have a trade opened in the direction of the long term trend. Why do so many people feel they have to fight the trend and trade the retraces.

Ne

Quoting wormboy
Okay. So you're saying you've not short cable against the ltt before this?
  • #155,413
  • Aug 5, 2009 12:23pm Aug 5, 2009 12:23pm
You got to realize we are between the 50 and 61 % fiblevels from the fall starting in July of 2008. This could continue until at least 1.7400-1.7500 without a significant retraco.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 37 KB
  • #155,414
  • Aug 5, 2009 12:24pm Aug 5, 2009 12:24pm
Quoting Nene
Oh yea, I have shorted against the trend during times of divergence when my system gives me a arrow. But I always have a trade opened in the direction of the long term trend. Why do so many people feel they have to fight the trend and trade the retraces.

Ne
Maybe because those people get their sell signal when you don't. I mean if you can justify your trading against the trend, so can everyone else.
Thank You
  • #155,415
  • Aug 5, 2009 12:26pm Aug 5, 2009 12:26pm
Quoting Yngwie
Hi guys! GU indicate bullish pressure. my position [email protected] [email protected] [email protected] Happy trading!
What a bad NEWS! nice spike to SL.. -46 pips.. LoL! I believe if price break 1.7044 we may see 1.7118
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #155,416
  • Aug 5, 2009 12:27pm Aug 5, 2009 12:27pm
Quoting Nene
You got to realize we are between the 50 and 61 % fiblevels from the fall starting in July of 2008. This could continue until at least 1.7400-1.7500 without a significant retraco.
Don't discount the importance of 1.7330 area, which is 50% fib retrace of the big move fom Nov 07 to Jan 09. This should provide some tough resistance.
  • #155,417
  • Aug 5, 2009 12:28pm Aug 5, 2009 12:28pm
I got a light green line in that area. Yes, price will at least stall there.

Ne

Quoting gammase1
Don't discount the importance of 1.7330 area, which is 50% fib retrace of the big move fom Nov 07 to Jan 09. This should provide some tough resistance.
  • #155,418
  • Aug 5, 2009 12:30pm Aug 5, 2009 12:30pm
Quoting gammase1
Don't discount the importance of 1.7330 area, which is 50% fib retrace of the big move fom Nov 07 to Jan 09. This should provide some tough resistance.
paul, how many flies you catch today bro?
I got 5
Thank You
  • #155,419
  • Aug 5, 2009 12:33pm Aug 5, 2009 12:33pm
But if they are trading that way, I want to see some solid proof, ( In the higher timeframes ) that price may go there. I have studied my system and I know why it does what it does when it gives me an arrow. I am trying to help people in here. Someone told everyone in here this morning that the long trend was down. It confuses the newbys. I will always back up with charts and I would hope others do too.

Ne

Quoting wormboy
Maybe because those people get their sell signal when you don't. I mean if you can justify your trading against the trend, so can everyone else.
  • #155,420
  • Aug 5, 2009 12:34pm Aug 5, 2009 12:34pm
Quoting wormboy
paul, how many flies you catch today bro?
I got 5
Damn.... I only caught 3!!! Good work, mate! But I was away from the screens for a couple of hours. I have no other choice but to stay awake through the whole NY and Asian sessions, so I can bag some more and beat your total!!

I'm just waiting for the next "I caught 600 pips today in cable and twice as much in eurusd. So happy that my system told me to remain long cable from 1.37" newbie to give it a go!!!
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