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Cable Update (GBPUSD)

  • #167,401
  • Sep 21, 2009 3:42am Sep 21, 2009 3:42am
Quoting Bull_Bear
Chris I'm good bro..... you bookin' some pips bro?

Dame's its been a full touring weekend... Next weekend will be more touring..

It's an obligation if you know what I mean...
Had another great week last week bro. Flat right now and looking for a seat.

Yep, I hear ya. Keeping them entertained is all part of the gig...
Ghost Rider - WWTBMD?
  • #167,402
  • Sep 21, 2009 3:42am Sep 21, 2009 3:42am
Thanks for the insight Bull. As your trend line marries up with my 62 on the H4 (Historical resistance point for EU), I am considering pulling a Steve Miller at 1.4600.

Que

Quoting Bull_Bear
Que, my trades were initiated from last week and its been doing my head in ever since. This is how I got 1.4600.... see the highlighted trend line in yellow falls around the 1.4600 and also coincides with previous resistance.
Que
  • #167,403
  • Sep 21, 2009 3:44am Sep 21, 2009 3:44am
LOL

I'm already in short on the euro.

I've got a TP in at 1.42930, from the break of a two bar reversal patten via the daily which was broken on friday @ 1.4692 (my entry).. been a slow two days, only a measly 30 odd pips up.

I'm also long on USD/JPY via the pin bar that appeared 16th this month. Looking at 95.00 TP. Entry at 90.946 (near the open of the 17th's opening bar).

Quoting Piters
Is it???

yes mate.. if you think it is a joke.. just short ALL IN now.. and enjoy..


GL..
PM Me If You Need Help!
  • #167,404
  • Sep 21, 2009 3:44am Sep 21, 2009 3:44am
Heh, he mentioned something and I thought I would ask his thoughts. Did not mean to "turn it into an EU thread". I figure we all know where GU is going, and I was a bit bored.

Que

Quoting BobHall
lmao, ok, this thread has turned into a eur/usd thread...hmm
Que
  • #167,405
  • Sep 21, 2009 3:45am Sep 21, 2009 3:45am
Quoting Que
Thanks for the insight Bull. As your trend line marries up with my 62 on the H4 (Historical resistance point for EU), I am considering pulling a Steve Miller at 1.4600.

Que
Your missing the bear.... Or BB is fine
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #167,406
  • Sep 21, 2009 3:46am Sep 21, 2009 3:46am
Quoting BobHall
LOL

I'm already in short on the euro.

I've got a TP in at 1.42930, from the break of a two bar reversal patten via the daily which was broken on friday @ 1.4692 (my entry).. been a slow two days, only a measly 30 odd pips up.

I'm also long on USD/JPY via the pin bar that appeared 16th this month. Looking at 95.00 TP. Entry at 90.946 (near the open of the 17th's opening bar).
http://www.forexfactory.com/showpost...stcount=198744


cool mate.. nothing to worry about

im short in GOLD, long in cable, closed EUR yesterday..
  • #167,407
  • Sep 21, 2009 3:47am Sep 21, 2009 3:47am
I lost 1% on my UJ trade I had. Massive pin on the daily (circled on chart) that I thought would cause a down move. Not a great trade on my part.

Que



Quoting BobHall
LOL

I'm already in short on the euro.

I've got a TP in at 1.42930, from the break of a two bar reversal patten via the daily which was broken on friday @ 1.4692 (my entry).. been a slow two days, only a measly 30 odd pips up.

I'm also long on USD/JPY via the pin bar that appeared 16th this month. Looking at 95.00 TP. Entry at 90.946 (near the open of the 17th's opening bar).
Attached Image (click to enlarge)
Click to Enlarge Name: ouch.gif Size: 16 KB
Que
  • #167,408
  • Sep 21, 2009 3:48am Sep 21, 2009 3:48am
BB it is.

Que

Quoting Bull_Bear
Your missing the bear.... Or BB is fine
Que
  • #167,409
  • Sep 21, 2009 3:49am Sep 21, 2009 3:49am
Quoting GlobalMacro
Buying here @ 1.6214

cya LDN...
Alright....Back to business...

Long position @ 1.6214 set last night on.
Attached Image
Hear the music before the song is over ...
  • #167,410
  • Sep 21, 2009 3:52am Sep 21, 2009 3:52am
i got in on the next bar to the right of your arrow.

Quoting Que
I lost 1% on my UJ trade I had. Massive pin on the daily (circled on chart) that I thought would cause a down move. Not a great trade on my part.

Que
PM Me If You Need Help!
  • #167,411
  • Sep 21, 2009 3:55am Sep 21, 2009 3:55am
Quoting GlobalMacro
Alright....Back to business...

Long position @ 1.6214 set last night on.
I'm looking for a pullback to 6200ish for a short myself. I always get a kick out of how differently folks see things....lol

But then, I don't hold trades as long as you do either.
Ghost Rider - WWTBMD?
  • #167,412
  • Sep 21, 2009 3:59am Sep 21, 2009 3:59am
Quoting GlobalMacro
Alright....Back to business...

Long position @ 1.6214 set last night on.
GM you mug... I'm finally riding her long with you now only a small ride... to 1.6300 possibly 1.6400.

Get ready to load another long on approach to TL (yellow), If she breaks convincingly get the hell out.... My sl will be 1.6080
Attached Image (click to enlarge)
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #167,413
  • Sep 21, 2009 4:04am Sep 21, 2009 4:04am
Quoting albchr
I'm looking for a pullback to 6200ish for a short myself. I always get a kick out of how differently folks see things....lol

But then, I don't hold trades as long as you do either.
i know what u mean.....i think trendlines for me distort the picture...i mean look at GM chart, u got a channel and trendline breach but he is long

why, cause it at the bottom of the range...so in effect he is playing the range bottom (horizontal support, resisance) as appossed to the trendlines

i get these conflicts, last week i got killed because of trendlines..to me they simply a scalping aid..but thats just me
Attached Image (click to enlarge)
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  • #167,414
  • Sep 21, 2009 4:09am Sep 21, 2009 4:09am
Quoting Bull_Bear
GM you mug... I'm finally riding her long with you now only a small ride... to 1.6300 possibly 1.6400.

Get ready to load another long on approach to TL (yellow), If she breaks convincingly get the hell out.... My sl will be 1.6080
lol....
It was beginning to get real lonely on the long side...bro...
Welcome on board!
Hear the music before the song is over ...
  • #167,415
  • Sep 21, 2009 4:10am Sep 21, 2009 4:10am
Quoting nAVIN2007
i know what u mean.....i think trendlines for me distort the picture...i mean look at GM chart, u got a wedge and trendline breach but he is long

why, cause it at the bottom of the range...so in effect he is playing the range bottom (horizontal support, resisance) as appossed to the trendlines

i get these conflicts, last week i got killed because of trendlines..to me they simply a scalping aid..but thats just me

I honestly think it's all how you trade. Look at WB. He pretty much uses only trend lines and he's a longer term trader. Certainly no scalping on his part. I honestly don't know what constitutes "scalping". For me and the way I have to trade, anything over 30 pips isn't a scalp. Anything under is.

I have TL's drawn on almost every TF. I find they do help a lot for entries and targets even on the 15m. But I still rely on solid higher TF horizontal S/R for the most part.
Ghost Rider - WWTBMD?
  • #167,416
  • Sep 21, 2009 4:12am Sep 21, 2009 4:12am
Quoting Bull_Bear
GM you mug... I'm finally riding her long with you now only a small ride... to 1.6300 possibly 1.6400.

Get ready to load another long on approach to TL (yellow), If she breaks convincingly get the hell out.... My sl will be 1.6080

BB risky ride
she will be tanked
  • #167,417
  • Sep 21, 2009 4:13am Sep 21, 2009 4:13am
Good day to you all,

I attach a short term chart (15min) with levels I see as important to me for direction. Numbered and referenced:

1) This is the low of last month @ 1.6151. Price did move past, but returned - so this should be a resistance level to watch.
2) This level represents 2 numbers in this area - 1stly, today's open @ 1.6224 as well as last week's low @ 1.6229
3) Should price break through the above levels, we have here the monthly open @ 1.6287. This level was strong support in the past, which may now be strong resistance.

I also attach a larger timeframe chart, but this just for interest sake.( You can not apply this information, as it is predictive by nature based on historical movement, and not technically verified) This chart also numbered and referenced:

1) This level was predicted to be reached July. This level was hit on the last day of July.
2) This level was predicted to be reached in August. This level was hit within the first 2 to 3 days of August.
3) This level is predicted for September........will be interesting to see if we get there....

Wish you all success

Regards
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gu1.gif Size: 18 KB
  • #167,418
  • Sep 21, 2009 4:13am Sep 21, 2009 4:13am
Yea I wish I had waited a day... Oh well, win some, lose some...

Quoting BobHall
i got in on the next bar to the right of your arrow.
Que
  • #167,419
  • Sep 21, 2009 4:14am Sep 21, 2009 4:14am
Quoting albchr
I honestly think it's all how you trade. Look at WB. He pretty much uses only trend lines and he's a longer term trader. Certainly no scalping on his part. I honestly don't know what constitutes "scalping". For me and the way I have to trade, anything over 30 pips isn't a scalp. Anything under is.

I have TL's drawn on almost every TF. I find they do help a lot for entries and targets even on the 15m. But I still rely on solid higher TF horizontal S/R for the most part.
i know thats what makes it all interesting....especailly when it comes to entries.....i was experimenting last week and i found entries to be a major plus...exit not so sure about.....will do some back setting
  • #167,420
  • Edited 4:31am Sep 21, 2009 4:16am | Edited 4:31am
Quoting GlobalMacro
lol....
It was beginning to get real lonely on the long side...bro...
Welcome on board!
I honestly think that pulling the trigger at 1.6180 (based on my assessment on the weekend) was too early. The 2nd TL would have been perfect, but i choose the 1st @ 1.6180. Oh well, load up when or if she returns there again (ie. 2nd TL)... but SL will still be set at 1.6080.
Veni, Vidi, Vici (We came, we saw, we conquered)
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