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Cable Update (GBPUSD)

  • #155,421
  • Aug 5, 2009 12:37pm Aug 5, 2009 12:37pm
U/J sitting on LP1 line. If it breaks and heads down we could see a long Daily signal later on.

Ne
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  • #155,422
  • Aug 5, 2009 12:40pm Aug 5, 2009 12:40pm
Cable has reached the M4 midpivot at 1.7033. One step closer to moving higher. Could bounce around in a triangle formation here for awhile which would be some good scalping. Or a break to 1.7109.


Ne
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  • #155,423
  • Aug 5, 2009 12:44pm Aug 5, 2009 12:44pm
Quoting Nene
Cable has reached the M4 midpivot at 1.7033. One step closer to moving higher. Could bounce around in a triangle formation here for awhile which would be some good scalping. Or a break to 1.7109.


Ne
which trading sigal u use nene ?
  • #155,424
  • Aug 5, 2009 12:47pm Aug 5, 2009 12:47pm
Quoting gammase1
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!!!

I'm pretty sure I'll catch at least another before I go to bed. I almost catch one not too long ago lol

I'm gonna ask twee if they can do something about this message from popping up on the thread page =
"professor4x This user is on your Ignore List."
make them completely disappear!
Thank You
  • #155,425
  • Aug 5, 2009 12:50pm Aug 5, 2009 12:50pm
Quoting Nene
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
you're not using the 85 smooth anymore?
Thank You
  • #155,426
  • Aug 5, 2009 1:08pm Aug 5, 2009 1:08pm
Only when I scalp. I trade Daily signals now that the account has gotten big enough.

Ne

Quoting wormboy
you're not using the 85 smooth anymore?
  • #155,427
  • Aug 5, 2009 1:16pm Aug 5, 2009 1:16pm
man .. GU is super strong backed by its strong economic data as well. Buy dips instead of seliing rallies
Lost some pips on Geppy short earlier, now time to revenge ..
  • #155,428
  • Aug 5, 2009 1:21pm Aug 5, 2009 1:21pm
Quoting mktjong
man .. GU is super strong backed by its strong economic data as well. Buy dips instead of seliing rallies
Lost some pips on Geppy short earlier, now time to revenge ..
what do u mean by GU ???
  • #155,429
  • Aug 5, 2009 1:30pm Aug 5, 2009 1:30pm
Quoting zameer
what do u mean by GU ???
Well, I can't believe I have to deal with this kind of question ..
Please raise a more educated question next time .. will u?

GU = Gbp/Usd
  • #155,430
  • Aug 5, 2009 1:34pm Aug 5, 2009 1:34pm
Quoting mktjong
Well, I can't believe I have to deal with this kind of question ..
Please raise a more educated question next time .. will u?

GU = Gbp/Usd
What do u mean by Geppy?
Thank You
  • #155,431
  • Aug 5, 2009 1:38pm Aug 5, 2009 1:38pm
Quoting wormboy
What do u mean by Geppy?
Makan char kwe tiauw .. plus teh tarik http://www.forexfactory.com/images/icons/icon10.gif
  • #155,432
  • Aug 5, 2009 1:46pm Aug 5, 2009 1:46pm
Quoting mktjong
Makan char kwe tiauw .. plus teh tarik http://www.forexfactory.com/images/icons/icon10.gif
hahaha, aku baru makan char kuey teow. Wifey made
Thank You
  • #155,433
  • Aug 5, 2009 1:56pm Aug 5, 2009 1:56pm
Quoting Ferick
My short was stopped put last night at BE. Re-instated it again on the way down at 1.6963. Wished had the guts to enter it above 1.70. Oh well, I will try this one as I think the pair is unlikely to make any new attempts higher today given the pause in equities and oil. Need to get past 1.69 to accelerate further South.


Not cool . I am 50+ pips on the red, but perhaps the rejection at 1.7043 is the silver lining. I have now Set SL at 1.7055. Wish me luck!
  • #155,434
  • Aug 5, 2009 1:59pm Aug 5, 2009 1:59pm
Quoting Ferick
Not cool . I am 50+ pips on the red, but perhaps the rejection at 1.7043 is the silver lining. I have now Set SL at 1.7055. Wish me luck!
Good luck buddy
Thank You
  • #155,435
  • Aug 5, 2009 2:08pm Aug 5, 2009 2:08pm
Quoting Ferick
Not cool . I am 50+ pips on the red, but perhaps the rejection at 1.7043 is the silver lining. I have now Set SL at 1.7055. Wish me luck!
get out on reatrce ... no matter what GU is liekly going to be pushed to 1.7100 / 1.7200 . Not due to news or anything like that ... jusar cause it is destined to come down .... but they will push her higher 1st to set a bull trap
Blogging daily now at www.volume.zone
  • #155,436
  • Aug 5, 2009 2:08pm Aug 5, 2009 2:08pm
Yeah, I'm still short for now. Check out the "possible" similarity in these two days....
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There's always money in the banana stand.
  • #155,437
  • Aug 5, 2009 2:09pm Aug 5, 2009 2:09pm
Quoting LizardGizzard
Yeah, I'm still short for now. Check out the "possible" similarity in these two days....

also look at the bear div on every one of your indies
Blogging daily now at www.volume.zone
  • #155,438
  • Aug 5, 2009 2:11pm Aug 5, 2009 2:11pm
Tell me about it, Malcomb. That's what's been keeping me short GBP and EUR. However, you're right, a spike might be needed to wash everyone out yet.
There's always money in the banana stand.
  • #155,439
  • Aug 5, 2009 2:11pm Aug 5, 2009 2:11pm
Quoting LizardGizzard
Yeah, I'm still short for now. Check out the "possible" similarity in these two days....
Good eye Lizard!
Just digging in the trenches like everyone else!
  • #155,440
  • Aug 5, 2009 2:13pm Aug 5, 2009 2:13pm
Hello everyone.
I've been lurking on this thread for quite some time now. Been learning from guys like wormboy, Navin, DD, KillPhill, Forexlion, Stew and a few others. Keep it up.

I've been trading live for about 8 weeks now. I have to admit, I'm not profitable yet but learning everyday which is great. I have to trade part time so trying to trade on higher time frames. Anyway here is my chart:

Price is sitting on support, so if we can close above 1.7 today we might see a retrace to one of the trend lines followed by a move up. Not sure what effect the OBR will have tomorrow and NFEC on Friday but I'm looking to go Long.

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