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Cable Update (GBPUSD)

  • #164,381
  • Sep 9, 2009 5:26am Sep 9, 2009 5:26am
Quoting gammase1
Me long since break of 6450 (sorry WB), even though I lack real conviction for being this side of the trade, so I'm trading with caution, targeting smaller gains than usual. An hourly close below 6440 will cause me to close longs and sit on the sidelines.

But the market is still in the mood for risk right now and the dollar remains offered, so I can't be arsed to argue with the majority.

As I posted last week, 6450 was the short-term line in the sand for me. I will gain confidence with this upside move if 6600 is taken out and price closes...
Good to hear we batting on the same team today, I switched this morning.

http://www.forexfactory.com/showpost...stcount=164227
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #164,382
  • Sep 9, 2009 5:27am Sep 9, 2009 5:27am
Quoting albchr
Yep, I'm an official member of the FX Road Rash club too Paul. Slightly more than doubled my account the first month. Withdrew my bill money and then being so full of myself and my "expertise" .... I proceeded directly to blowing 25% the second month.

I've since learned not to stand "on" the tracks waiting for the train...
Well, Chris, now it's continuous payback time for the both of us, when we get reimbursed, many times over, our membership fee paid to FX Road Rash, the club we never intended to join.
  • #164,383
  • Sep 9, 2009 5:35am Sep 9, 2009 5:35am
Quoting nAVIN2007
azim playing the big ass drop maybe last year he missed it and this year he is waiting...me things it was a one off! ....it happened cause i was live
lol I caught the move last year brother. It was beautiful
Btw, this still stands:
http://www.forexfactory.com/showpost...postcount=2633

Thank You
  • #164,384
  • Sep 9, 2009 5:36am Sep 9, 2009 5:36am
Quoting djambazov84
wormie, i`m affraid DX is forming bear flag by the looks of it
lol, don't get me started on "flags"
Thank You
  • #164,385
  • Sep 9, 2009 5:36am Sep 9, 2009 5:36am
Quoting gammase1
Well, Chris, now it's continuous payback time for the both of us, when we get reimbursed, many times over, our membership fee paid to FX Road Rash, the club we never intended to join.

Here Here!
Ghost Rider - WWTBMD?
  • #164,386
  • Sep 9, 2009 5:37am Sep 9, 2009 5:37am
Quoting wormboy
lol I caught the move last year brother. It was beautiful
Btw, this still stands:
http://www.forexfactory.com/showpost...postcount=2633

Wots happened to your dragon today mate? She's turned into a slug...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #164,387
  • Sep 9, 2009 5:37am Sep 9, 2009 5:37am
Quoting wormboy
lol, don't get me started on "flags"
textbook flag
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.jpg Size: 119 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #164,388
  • Sep 9, 2009 5:39am Sep 9, 2009 5:39am
hi everyone

i went long at 6522. what would u say is a good target price?
  • #164,389
  • Sep 9, 2009 5:40am Sep 9, 2009 5:40am
Quoting nAVIN2007
i have 3k in my trading accont and i cant even risk £14 per trade...i will trade 0.1 mini once i get used to live trading, get better at trading like i do on demo..

need to get to that place where i can just pull the trigger and trade without thinking what am i doing..
I am currently running a 50k+ acct and pulling maximum 1 full lot trade after scaling in. Minimum 1 mini (0.1). Call me stingy, but hey, we're in this for the long haul
Thank You
  • #164,390
  • Sep 9, 2009 5:43am Sep 9, 2009 5:43am
Quoting gammase1
Me long since break of 6450 (sorry WB), even though I lack real conviction for being this side of the trade, so I'm trading with caution, targeting smaller gains than usual. An hourly close below 6440 will cause me to close longs and sit on the sidelines.

But the market is still in the mood for risk right now and the dollar remains offered, so I can't be arsed to argue with the majority.

As I posted last week, 6450 was the short-term line in the sand for me. I will gain confidence with this upside move if 6600 is taken out and price closes...
Hi paul

I think you'll join me soon enough brother
Thank You
  • #164,391
  • Sep 9, 2009 5:43am Sep 9, 2009 5:43am
Quoting wormboy
I am currently running a 50k+ acct and pulling maximum 1 full lot trade after scaling in. Minimum 1 mini (0.1). Call me stingy, but hey, we're in this for the long haul
And that's precisely the way it should be done.....
Ghost Rider - WWTBMD?
  • #164,392
  • Sep 9, 2009 5:46am Sep 9, 2009 5:46am
+54.

Will wait to see what price does in the marked area for the next candle or 2 on the 15min. Will decide from there.

Highest regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.gif Size: 21 KB
  • #164,393
  • Sep 9, 2009 5:47am Sep 9, 2009 5:47am
Quoting djambazov84
if that upper trendline is to produce a third bounce down i think 1.6550 would be a great place to short it till it meets lower trendline at around 1.6480 that is my ideal scenario

if we have a direct breakout of this upper trendline i`ll try to long the retest (if any) by looking at the 1m-5m chart and hopefully i can get a pinbar/bullish engulfing

if lower trendline gets breached convincingly...all bets are bloody off
1.6550 proved to be a nice place to hit it....
I`m expecting imminent breakout though best case scenario price drops to 1.6500 - 1.6480 for a buy depending on conditions
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #164,394
  • Sep 9, 2009 5:48am Sep 9, 2009 5:48am
Looks like double top on 15m
-- There's no winner without lose --
  • #164,395
  • Sep 9, 2009 5:49am Sep 9, 2009 5:49am
Quoting Bull_Bear
Wots happened to your dragon today mate? She's turned into a slug...
Heavy traffic bro. I anticipated this pa earlier. Here's the chart for how it stands as of now:
http://www.forexfactory.com/showpost...postcount=2857

Thank You
  • #164,396
  • Sep 9, 2009 5:50am Sep 9, 2009 5:50am
Intraday signal to sell AUD/USD - intraday bearish gartley signal - target 0,8570 (with chart)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDdaily.jpg Size: 75 KB
Click to Enlarge Name: intraday gartley.jpg Size: 84 KB
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #164,397
  • Sep 9, 2009 5:54am Sep 9, 2009 5:54am
Quoting wormboy
Heavy traffic bro. I anticipated this pa earlier. Here's the chart for how it stands as of now:
http://www.forexfactory.com/showpost...postcount=2857

Tough fighting in the trenches.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #164,398
  • Sep 9, 2009 5:54am Sep 9, 2009 5:54am
Quoting djambazov84
textbook flag
Yes, but I use the daily to gauge instead of the lower tf. Posted this yesterday:
http://www.forexfactory.com/showpost...postcount=2853

We'll see how it goes, I'm willing to wait for another day or two
Thank You
  • #164,399
  • Sep 9, 2009 5:55am Sep 9, 2009 5:55am
Quoting albchr
And that's precisely the way it should be done.....
Thank You
  • #164,400
  • Sep 9, 2009 5:58am Sep 9, 2009 5:58am
Quoting Bull_Bear
Tough fighting in the trenches.
yup. we'll only be able to spot this on the higher tf. At this juncture lower tf will only fool us into comitting.
Thank You
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