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Cable Update (GBPUSD)

  • #166,021
  • Sep 16, 2009 4:27am Sep 16, 2009 4:27am
Hey Navin, Gang & All,

Sorry Nav,
'Looked like she "Popped"...
I see "Potential" to "1.6600" Level.

" I F " She were to pop that...
Well... let's see if she get's past the 1/4's,
this morning. So, as the addage goes,
don't go off my 2cents / what i see/said!

Happy Trading to all & Best of Pips,
Terrapin Pipper,

Jeff !
Attached Image (click to enlarge)
Click to Enlarge Name: 9_16_2009 GU Retrace Up.jpg Size: 247 KB
I will work to Objectively Identify my Edges
  • #166,022
  • Sep 16, 2009 4:27am Sep 16, 2009 4:27am
3 hours time to US major news.
  • #166,023
  • Sep 16, 2009 4:30am Sep 16, 2009 4:30am
Quoting Alpha Hamste
3 hours time to US major news.
seems like 4 ever hehe-thats when I may take the opposite side
  • #166,024
  • Sep 16, 2009 4:31am Sep 16, 2009 4:31am
Cable confirming the 1hr HL at today's current lo by breaking above the last LH (double top) of yesterday's downmove up to the daily Pivot...now trading above Monthly pivot as I write this.. Potential 1hr/4hr prev sw lo=prev supp=potential sbr ahead with 2 x fibs, 50% of y/day's 6656-6400 fall and 38.2% of overall 6740-6400 @ 6529.

G/L
ex member
  • #166,025
  • Sep 16, 2009 4:32am Sep 16, 2009 4:32am
Quoting beejay
i added another short at 1.6495. lets see where it takes us.
Still holding those positions?
  • #166,026
  • Sep 16, 2009 4:34am Sep 16, 2009 4:34am
On the End of that 1hr Chart,

Upside down,
Pennant formation,
pushing price back to the upside.

I see the selling pressure,
However, i think it was... push her down,
Then push her back up... blah blah blah,

-Though the bigger charts, want the downward,
I think she's tired of her head under 'water.
Same old game.

Jeff !
I will work to Objectively Identify my Edges
  • #166,027
  • Sep 16, 2009 4:34am Sep 16, 2009 4:34am
Quoting fendi
Is this not a change b cos possible to reach 1.6620, dont u think....hmm
Good luck to you if you want to go there
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #166,028
  • Sep 16, 2009 4:35am Sep 16, 2009 4:35am
Quoting Fly2
If you believe in your system/strategy then why be afraid?Stick to whatever rules you go by and let it go!Bend the rules and you , well you know.
Consistency is very important when trading. I hope everyone understands that this is forum, and by no means that you should take anyone's positions when trading. I may post in this forum a trade that I took about 2 mins late, which can deliver a whole different result if you took that position late. However consistency is the key, if you are winging it and trying something new everyday, I gurantee you that you will fail. Believe me I have cost myself over $6k in dumb mistakes. No one to blame but myself.

However my opinion, and I am no super star, but when it comes to trading News Signals, you should take a posistion and leave a very tight, VERY TIGHT stop loss. Take what profit you can and GET OUT! News Signals are not indicative of any trend, and most often well skew your trend analysis. I NEVER, and I mean NEVER relate News Signals as a trend starter, or trend indicator. This is just me, but I will tell you that if you learn the price action of a news signal then you can make instant choices to take quick, but little profits during them.

Yet if you are trading trends and looking for trends, then try at best to LOOK out for new signals, because they can simply bump you out. But keep consistent.
Trade Like a Robot make money Like a Bank
  • #166,029
  • Sep 16, 2009 4:36am Sep 16, 2009 4:36am
Quoting Fly2
If you believe in your system/strategy then why be afraid?Stick to whatever rules you go by and let it go!Bend the rules and you , well you know.
Well, I was shorting on GU since morning, but with EU and AU broke yesterday's high a couple of hours ago...that is my yellow light signal. My favorite time to jump in is when I see the 3 majors breaking up yesterday's highs or lows in one hour time.
  • #166,030
  • Sep 16, 2009 4:36am Sep 16, 2009 4:36am
Quoting Fly2
Still holding those positions?
offloade the 1.6495 at 1.6475. long at 1.6505 to cover my short position from 1.66 and 1.655. waiting for reaction at 1.6530 to offload the lond and add another short. however my bias my change depending on the pA when it gets there

im out of my long position +10pips. 5min tf is not looking good for buy imho. waiting for more reason to cover my short at the close of this current ihr bar
  • #166,031
  • Sep 16, 2009 4:39am Sep 16, 2009 4:39am
All needed now is a bearish pattern on cable to emerge & we'll probably not look back for a while. Dollar just gave away freebies.
Still bearish.
Catch you guys later. Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: usdx4.JPG Size: 62 KB
Thank You
  • #166,032
  • Sep 16, 2009 4:45am Sep 16, 2009 4:45am
Quoting beejay
offloade the 1.6495 at 1.6475. long at 1.6505 to cover my short position from 1.66 and 1.655. waiting for reaction at 1.6530 to offload the lond and add another short. however my bias my change depending on the pA when it gets there

im out of my long position +10pips. 5min tf is not looking good for buy imho. waiting for more reason to cover my short at the close of this current ihr bar
Give em hell and recoupe that in time of course
  • #166,033
  • Sep 16, 2009 4:46am Sep 16, 2009 4:46am
Quoting wormboy
All needed now is a bearish pattern on cable to emerge & we'll probably not look back for a while. Dollar just gave away freebies.
Still bearish.
Catch you guys later. Good luck
look like cable is ready to tank big time. a very nice pa on 15min tf. this should take us to 1.635x by close london session. i just hope im ryt. otherwise i will seriously get burnt. bear plsss lets prayyyy
  • #166,034
  • Sep 16, 2009 4:49am Sep 16, 2009 4:49am
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP.USD-6-25.gif Size: 29 KB
Click to Enlarge Name: GBP.USD-6-25(1).gif Size: 26 KB
  • #166,035
  • Sep 16, 2009 4:52am Sep 16, 2009 4:52am
Mni were earlier talking about 'stronger offers 6515/20' which they ammended to 'corporate offers 6520/30' ...the area in question which is also co-existant on 4hr is the previous swing low=prev support=potential sbr with the 2 x fibs shown on 1hr below.

G/L

http://i29.tinypic.com/33xyagw.gif
ex member
  • #166,036
  • Sep 16, 2009 4:52am Sep 16, 2009 4:52am
Quoting Hasnaa
u gotta love the technical skills to find garleys all over the place....keep em comming....

i wish there was an explaination with them..
  • #166,037
  • Sep 16, 2009 4:54am Sep 16, 2009 4:54am
Quoting Hasnaa
Hasnaa, are you saying trend is down?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #166,038
  • Sep 16, 2009 4:55am Sep 16, 2009 4:55am
Quoting TerpFan2
Hey Navin, Gang & All,

Sorry Nav,
'Looked like she "Popped"...
I see "Potential" to "1.6600" Level.

" I F " She were to pop that...
Well... let's see if she get's past the 1/4's,
this morning. So, as the addage goes,
don't go off my 2cents / what i see/said!

Happy Trading to all & Best of Pips,
Terrapin Pipper,

Jeff !

from now on .....im sticking to my belief 100%....and im going down hill with this mofo....if it goes up then f**k it! .........i tried
  • #166,039
  • Sep 16, 2009 4:56am Sep 16, 2009 4:56am
Quoting nAVIN2007
u gotta love the technical skills to find garleys all over the place....keep em comming....

i wish there was an explaination with them..
lol I know nothing bout them.I just like her pic haha
  • #166,040
  • Sep 16, 2009 4:56am Sep 16, 2009 4:56am
Quoting Hasnaa
to you too...


btw look at my analysis:


, <, =>
X Y
Z
9+&= ?

what do you think?...
Hear the music before the song is over ...
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