Veni, Vidi, Vici (We came, we saw, we conquered)
Cable Update (GBPUSD)
- #167,662
- Sep 22, 2009 6:35am Sep 22, 2009 6:35am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
I really hope he makes money trading that tf like he says he does, but one of the best things I've ever done for myself was to take off the stinking option to even bring up a 1m or 5m chart. At that rate why even bother looking at anything but the tick....?
good choice...too much noise on those TFs...
but hey....anyone using those TFs especially 1m and can post live calls....we're always eager to learn something new and worthwhile!
Hear the music before the song is over ...
- #167,664
- Sep 22, 2009 6:56am Sep 22, 2009 6:56am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
If this 4H closes below 6330 in 5 minutes, and because of what I see on the 1H, I think that might just prompt a short attempt for me.....
Maybe just a itty bitty one to test the waters....LOL
Maybe just a itty bitty one to test the waters....LOL
Ghost Rider - WWTBMD?
- #167,666
- Sep 22, 2009 7:16am Sep 22, 2009 7:16am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
As long as it's not going red overall, it's a good thing....
I just moved the stop on EJ to BE. It's winding up tight ATM and I just have this "feeling" it's gonna drop when it breaks. Probably wrong but better safe than sorry. That approached saved my butt on GU yesterday..
Yep, glad I did that....
Ghost Rider - WWTBMD?
- #167,667
- Sep 22, 2009 7:32am Sep 22, 2009 7:32am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)
- #167,668
- Sep 22, 2009 7:48am Sep 22, 2009 7:48am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
I'm outta here guys...
Catch you tom.
Bases are locked and loaded
Have great day everyone!
Ghost Rider - WWTBMD?
- #167,669
- Sep 22, 2009 8:25am Sep 22, 2009 8:25am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
1. oxygen tank - checked.
2. flippers - checked.
3. goggles - checked.
time to diveeeeeeee
2. flippers - checked.
3. goggles - checked.
time to diveeeeeeee
Thank You 
- #167,670
- Sep 22, 2009 8:31am Sep 22, 2009 8:31am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
1. oxygen tank - checked.
2. flippers - checked.
3. goggles - checked.
time to diveeeeeeee
Agreed, might see a short dive, but we haven't quite found a top yet...
I am DAMN thankfull for its return to this level though...
Friggen WHEW!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #167,672
- Sep 22, 2009 8:35am Sep 22, 2009 8:35am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
Good day to you all,
Herewith levels to take note of. Numbered and referenced:
1) The parallel trendline based on average closed bar prices for the timeframe. This is still supporting a bearish trend from around the 11th of September. Price does not respect this line as it would with a trendline - it just gives a short term indication of how price is moving overall. With this in mind then, the 1.6350/60 area becomes important.
2) This level is the opening price of 2 weeks ago @ 1.6391. Note this level. Should price clear 1.6355, one could expect a possible continuation to 1.6391.
3) This is the 50% line of the month range, and to me the fence between full on bullish or remaining bearish.
4) Back down to, or a break of this level ( the monthly opening price @ 1.6286.
5)first target will be 1.6262 ( yesterday's high)
6)Then comes into play 1.6230
7) Then the low of last month @ 1.6150
PS - I have not traded this pair, as I am stuck since Sunday night on a EJ trade that is driving my NUTS - I am nursing this, but I am not sitting pretty.....
I hope that these notes can add value to someone...
Wish you all success
Regards
Herewith levels to take note of. Numbered and referenced:
1) The parallel trendline based on average closed bar prices for the timeframe. This is still supporting a bearish trend from around the 11th of September. Price does not respect this line as it would with a trendline - it just gives a short term indication of how price is moving overall. With this in mind then, the 1.6350/60 area becomes important.
2) This level is the opening price of 2 weeks ago @ 1.6391. Note this level. Should price clear 1.6355, one could expect a possible continuation to 1.6391.
3) This is the 50% line of the month range, and to me the fence between full on bullish or remaining bearish.
4) Back down to, or a break of this level ( the monthly opening price @ 1.6286.
5)first target will be 1.6262 ( yesterday's high)
6)Then comes into play 1.6230
7) Then the low of last month @ 1.6150
PS - I have not traded this pair, as I am stuck since Sunday night on a EJ trade that is driving my NUTS - I am nursing this, but I am not sitting pretty.....
I hope that these notes can add value to someone...
Wish you all success
Regards
- #167,673
- Sep 22, 2009 8:39am Sep 22, 2009 8:39am
Closed my short at a major loss. But might as well, at this point before tomorrow, anything can happen. I will watch and see what happens. Actually there was a reversal pin on yesterday's daily. Should have known better, technicals don't lie....hmm except for the EU! 
The Sky is the Limit!
- #167,674
- Sep 22, 2009 8:40am Sep 22, 2009 8:40am
4. my short entry - checked 
i added @1.6345, the 50% retracement from 1.6566 to 1.6132, SL 1.6370, TP 1.6112
i added @1.6345, the 50% retracement from 1.6566 to 1.6132, SL 1.6370, TP 1.6112
1. oxygen tank - checked.
2. flippers - checked.
3. goggles - checked.
time to diveeeeeeee
- #167,675
- Sep 22, 2009 8:41am Sep 22, 2009 8:41am
- | Commercial User | Joined Feb 2008 | 1,440 Posts
good choice...too much noise on those TFs...
but hey....anyone using those TFs especially 1m and can post live calls....we're always eager to learn something new and worthwhile!
Closed my short at a major loss. But might as well, at this point before tomorrow, anything can happen. I will watch and see what happens. Actually there was a reversal pin on yesterday's daily. Should have known better, technicals don't lie....hmm except for the EU!
- #167,680
- Sep 22, 2009 8:51am Sep 22, 2009 8:51am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
PS - I have not traded this pair, as I am stuck since Sunday night on a EJ trade that is driving my NUTS - I am nursing this, but I am not sitting pretty.....
Regards
http://www.forexfactory.com/showpost...stcount=167668
I see 134.58 as a real possibility in the near future here.
Ghost Rider - WWTBMD?