Upcoming unemployment data for EU not that good it may potentially pull GU down 8mins more to go.
Cable Update (GBPUSD)
- #167,602
- Sep 22, 2009 3:22am Sep 22, 2009 3:22am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #167,604
- Sep 22, 2009 3:35am Sep 22, 2009 3:35am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #167,605
- Edited 3:53am Sep 22, 2009 3:43am | Edited 3:53am
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
good evening everyone 
we're testing the UTL of potential 4H bear channel. It's a high confluence area, so may hold. If we can't break 1.6345, we may drop from here. If we do break through, chart 2 my target is 1.640
we're testing the UTL of potential 4H bear channel. It's a high confluence area, so may hold. If we can't break 1.6345, we may drop from here. If we do break through, chart 2 my target is 1.640
- #167,607
- Sep 22, 2009 3:48am Sep 22, 2009 3:48am
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
good evening everyone
we're testing the UTL of potential 4H bear channel. It's a high confluence area, so may hold. If we can't break 1.6345, we may drop from here. waiting for the 15M to close. could be a very nice pin.
So your planning on a short against the current direction, based on a 15Min candle which your waiting to close using 4H candles to gauge the direction of the past not current.
I hope that wasn't advice cause it's really bad advice.
And fair is fair!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #167,609
- Edited 4:10am Sep 22, 2009 3:54am | Edited 4:10am
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
So your planning on a short against the current direction, based on a 15Min candle which your waiting to close using 4H candles to gauge the direction of the past not current.
I hope that wasn't advice cause it's really bad advice.
And fair is fair!!
Like I said, we are testing this level. Not reversing yet.
I know you think anything above 1M isn't valid, but I trust SR, fibs, candle formations, and PA more than relying on an MA cross on a one minute chart.
- #167,610
- Sep 22, 2009 3:56am Sep 22, 2009 3:56am
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Further to this that is not a trend line you point out all.
Don't really work of trend lines, I have a method that really simply gives me the current direction, which I've posted loads of times on here and all have moved 30pips+ if not 100pips without 1 going wrong
What happened in the last 4Hour Bar is irrelevant to what will happen next, whats happening regardless of TF currently is what is key!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #167,611
- Sep 22, 2009 3:58am Sep 22, 2009 3:58am
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
no, actually I 'm trying to decide where to close my long since you asked.
Thats okay then, something atleast, direction although up is over extended so I'm flat here and waiting for a better entry.
High odds back to 6300 then 50/50 on up or down from there.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #167,612
- Sep 22, 2009 3:59am Sep 22, 2009 3:59am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hear the music before the song is over ...
- #167,614
- Sep 22, 2009 4:02am Sep 22, 2009 4:02am
Don't really work of trend lines, I have a method that really simply gives me the current direction, which I've posted loads of times on here and all have moved 30pips+ if not 100pips without 1 going wrong
What happened in the last 4Hour Bar is irrelevant to what will happen next, whats happening regardless of TF currently is what is key!!
May I know at which page you had posted your method? Thanks..
- #167,615
- Sep 22, 2009 4:04am Sep 22, 2009 4:04am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)
Don't really work of trend lines, I have a method that really simply gives me the current direction, which I've posted loads of times on here and all have moved 30pips+ if not 100pips without 1 going wrong
What happened in the last 4Hour Bar is irrelevant to what will happen next, whats happening regardless of TF currently is what is key!!
- #167,617
- Edited 5:14am Sep 22, 2009 4:56am | Edited 5:14am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Don't really work of trend lines, I have a method that really simply gives me the current direction, which I've posted loads of times on here and all have moved 30pips+ if not 100pips without 1 going wrong
What happened in the last 4Hour Bar is irrelevant to what will happen next, whats happening regardless of TF currently is what is key!!
I have posted trendline trading loads of time and almost all have move hundreds of pips when taken. And I could see this move a mile away from your precious M1.
Click the link :
http://www.forexfactory.com/showpost...stcount=167336
Check the date during the first spot. Like I said, a mile away.
Since you're the expert I challenge you to come up with real time calls instead of degrading others. If you need me to come up with the goods just say it, I'm game.
If you can't, then I suggest you stop talking trash.
All my trades are called before the moves happen, profit or loss. You can find them at the wormhole or just click at the link at my footnote. I can assure you I will quash your 50/50 odds trading higher tf because you will find more winning trades than losing ones.
Btw, apologies to others for the reaction. I respect all aspired traders in the factory regardless of trading styles/tf. But I will not keep quiet when someone keep banging on something which is baseless.
Thank You 
- #167,619
- Sep 22, 2009 5:06am Sep 22, 2009 5:06am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Good MAE Everyone...
Ghost Rider - WWTBMD?
- #167,620
- Sep 22, 2009 5:07am Sep 22, 2009 5:07am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Hello to allz
hay wormie howz trading ?hold any trade ?
No, no position on cable since tp was hit yesterday at 6165. I won't place any new trade since all my working charts are at my workstation. Maybe Thursday before I place anything new. Still holiday mode for me.
How about you? Trading okay?
Thank You