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Cable Update (GBPUSD)

  • #165,921
  • Sep 16, 2009 1:59am Sep 16, 2009 1:59am
Quoting albchr
I learned them over in EO's thread and it just seemed to all make sense...

I'm still learning to be a "dragon slayer" like WB so for me, EJ is like a baby dragon. Hey, gotta start out small and work my way up ya know?

EJ is now. I went short at 133.56 Booked some and SL is now 133.28
how the heck did you get that signal Nice one! it was right at the start of the massive drop. well done.
  • #165,922
  • Sep 16, 2009 2:07am Sep 16, 2009 2:07am
4hr screenshot below shows the previous swing hi=prev resistance=potential rbs zone on 4hr where cable eventually found some support after yesterday's fall, the current low being 6400.
http://i25.tinypic.com/2rr4e0z.gif

Rate currently trades below the Dly, Wkly and Mthly Pivot in a generally bearish Asian session after an early Hi, the London open reversing that sentiment so far.Pip range currently at 47% of 20day average in the piaring.

1hr channel developing?
http://i31.tinypic.com/xge4bm.gif

Uk employment data later at 0830am gmt.

G/L
ex member
  • #165,923
  • Sep 16, 2009 2:08am Sep 16, 2009 2:08am
What's up playaz.
Told you it's not gonna be cable or dragon lol

dragon peeped thru 148. Getting mighty close to my 147 target.
cable did exactly what was expected earlier, got to test 420 again.
Let's see which level gives way, 500 or 420. Currently in no man's land. Those who are still without a position, I think patience is paramount. Be cool
Still bearish tho lol
Thank You
  • #165,924
  • Sep 16, 2009 2:09am Sep 16, 2009 2:09am
Quoting albchr
I learned them over in EO's thread and it just seemed to all make sense...

I'm still learning to be a "dragon slayer" like WB so for me, EJ is like a baby dragon. Hey, gotta start out small and work my way up ya know?

EJ is now. I went short at 133.56 Booked some and SL is now 133.28
That's the beauty of trading...many choices...lol
e/u flying btw...
Hear the music before the song is over ...
  • #165,925
  • Sep 16, 2009 2:12am Sep 16, 2009 2:12am
Quoting albchr
Hey Ifty...

How's the trading going brother?
Hi Bro. Trading is going Ok but OBVIOUSLY could be better, meaning no losses at all LOL. Last month was a good month for me as my target was reached within the first 2 weeks. However, this month its win 1 lose 1, etc. As long as we keep trying and just hope that our gains are more than our losses.

You enjoy your single and free life Chris. Make pips and turn them into CHILL PILLS .
You've got to be IN IT to WIN IT!
  • #165,926
  • Sep 16, 2009 2:13am Sep 16, 2009 2:13am
Quoting GlobalMacro
That's the beauty of trading...many choices...lol
e/u flying btw...
EU? Seems to be somewhat stuck from what I see....no?

Of course I do need another cup of coffee about now.
Ghost Rider - WWTBMD?
  • #165,927
  • Edited 2:16am Sep 16, 2009 2:14am | Edited 2:16am
tossin a short now tight sl
  • #165,928
  • Sep 16, 2009 2:17am Sep 16, 2009 2:17am
Quoting Ifty
Hi Bro. Trading is going Ok but OBVIOUSLY could be better, meaning no losses at all LOL. Last month was a good month for me as my target was reached within the first 2 weeks. However, this month its win 1 lose 1, etc. As long as we keep trying and just hope that our gains are more than our losses.

You enjoy your single and free life Chris. Make pips and turn them into CHILL PILLS .
Yep as long as you're in the game, you got the opportunity. No losses would be quite the accomplishment. I had none for the past two weeks but blew the streak yesterday with a long on cable...LOL.

Been part of and raising families since I was 16. So it's still a pretty tough adjustment for me. I'll figure it out though.

Think I'll be looking to short cable around the 6530 area if it gets there.....
Ghost Rider - WWTBMD?
  • #165,929
  • Sep 16, 2009 2:20am Sep 16, 2009 2:20am
Quoting wormboy
I hope it works out for you.
Dunno how you use fibs, because by the looks of it you bought right at no man's land.
Trend is still bearish by the way & we're still selling. Good luck.
you were so right, i got stopped out thank's for you'r input it help's me see the light. you are my forex god!!!! thank you ...tracy
  • #165,930
  • Sep 16, 2009 2:24am Sep 16, 2009 2:24am
SL hit...lost 41pips and now she come back down...
  • #165,931
  • Sep 16, 2009 2:25am Sep 16, 2009 2:25am
Quoting GlobalMacro
That's the beauty of trading...many choices...lol
e/u flying btw...
eu is going to tankkkkkkkkkkkkk. Damn it, so much to do, but no money
How's it going bro
Thank You
  • #165,932
  • Sep 16, 2009 2:29am Sep 16, 2009 2:29am
Quoting wormboy
eu is going to tankkkkkkkkkkkkk. Damn it, so much to do, but no money
How's it going bro
Yeah that 4700 looks mighty tempting.

@ GM....I see what you meant now GM. Bigger picture yes, she's been climbning hard.
Ghost Rider - WWTBMD?
  • #165,933
  • Sep 16, 2009 2:32am Sep 16, 2009 2:32am
Quoting trabagwe
you were so right, i got stopped out thank's for you'r input it help's me see the light. you are my forex god!!!! thank you ...tracy
erk, i'm not a god lol, don't say that. I just saw price differently from you that's all. You need to enforce some patience in this business too
Good luck tracy
Thank You
  • #165,934
  • Sep 16, 2009 2:33am Sep 16, 2009 2:33am
I have a daily trendline at approx 433 which was touched already today/So I'm looking to the bull to 570 for now! where a fib lies /a break of that trendline makes me bearish to around6200 at the fib extension on the daily.Does that look about right to you? 4700 would be next daily trendlie in line as of today
  • #165,935
  • Sep 16, 2009 2:34am Sep 16, 2009 2:34am
dragon tanking again. I am so getting paid lol. Who the hell needs to trade both ways
Bullish ey? Bullshit more like it Dive baby dive
Thank You
  • #165,936
  • Sep 16, 2009 2:35am Sep 16, 2009 2:35am
Price has entered a previous 1hr swing hi=prev res=potential res zone, the area above here being a previous 1hr co-existant on 4hr swing lo=prev supp=potential sbr zone and at the top of that zone the 38.2% of 6740-6400 and 50% of yesterday's 6656-6400 fall.

Uk data at 0830am gmt

G/L

http://i30.tinypic.com/28b9mh4.gif
ex member
  • #165,937
  • Sep 16, 2009 2:39am Sep 16, 2009 2:39am
I'm going long at 450
  • #165,938
  • Sep 16, 2009 2:41am Sep 16, 2009 2:41am
Quoting wormboy
dragon tanking again. I am so getting paid lol. Who the hell needs to trade both ways
Bullish ey? Bullshit more like it Dive baby dive
Same on the EJ brother........

SL adjusted to 132.94 now.
Ghost Rider - WWTBMD?
  • #165,939
  • Sep 16, 2009 2:42am Sep 16, 2009 2:42am
Quoting wormboy
dragon tanking again. I am so getting paid lol. Who the hell needs to trade both ways
Bullish ey? Bullshit more like it Dive baby dive
i just thank myself lucky....i went bullish on the weekly pin, if i stuck to the weekly plan i would have held a drawdown for 2 weeks and the then got it!

fine balance is needed.....need to be right side of trade then stick it to it like fly on sh*t
u will see dragon target today bro!....

morning folks
  • #165,940
  • Sep 16, 2009 2:44am Sep 16, 2009 2:44am
Quoting wormboy
eu is going to tankkkkkkkkkkkkk. Damn it, so much to do, but no money
How's it going bro
lol....'ssup in the hood bro...lol
I'm flat w/ cable now but cashed in on my long e/u position O/N for some 100 odd pips....
Hear the music before the song is over ...
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