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Cable Update (GBPUSD)

  • #167,861
  • Sep 23, 2009 12:07am Sep 23, 2009 12:07am
i will wait this 4hr candle to close

if it didnot break the channel
and with the aid of a sochastic oscillator that is over 80

i will go short to the target of 1.6111

any one wants a ticket on that train ?
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #167,862
  • Sep 23, 2009 12:10am Sep 23, 2009 12:10am
I have not closed my short from last Tuesday yet. I am looking to add a position as I think this was just a retrace. Just looking for conformation.

Que

Quoting negro wolf
i will wait this 4hr candle to close

if it didnot break the channel
and with the aid of a sochastic oscillator that is over 80

i will go short to the target of 1.6111

any one wants a ticket on that train ?
Que
  • #167,863
  • Sep 23, 2009 12:14am Sep 23, 2009 12:14am
Quoting Que
I have not closed my short from last Tuesday yet. I am looking to add a position as I think this was just a retrace. Just looking for conformation.

Que


ok >> wait that next 4HR candle .. which i think will retrace from the
channel wall ... then we go on " south "
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #167,864
  • Sep 23, 2009 12:21am Sep 23, 2009 12:21am

i will wait for 1.6426 then i will buy

although am selling now

  • #167,865
  • Sep 23, 2009 12:27am Sep 23, 2009 12:27am
Good day to you all,

I am posting my chart with levels of importance to me right now. The chart is numbered and referenced:

1) This is an extremely important level for me. Sitting @ 1.6426. This is the 50% line for the monthly range. Be careful here... Should price clear this number the first time round, wait for pullback. Do not assume an automatic continuation on the first break.
2) This is the 50% line of last weeks range sitting @ 1.6457. This number is obviously weaker than the 1.6426 number. Should price purposefully break this level, we could technically move to 1.6490/1.6500.
3) A confluence of the 1.6400 round number and yesterdays high @ 1.6394 as well as the opening price of 2 weeks ago @ 1.6391. These will now offer support to price currently sitting above these.
4) The lower level of the daily channel by highs are sitting @ 1.6330
5) The monthly opening price @ 1.6287

So, to sum up for me, possible long above 1.6426 on second break. Short below 1.6390.

I hope this assists

Wish you success
Attached Image (click to enlarge)
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  • #167,866
  • Sep 23, 2009 12:29am Sep 23, 2009 12:29am
Quoting Mr.x

i will wait for 1.6426 then i will buy




although am selling now

why do you want to buy there?
Thank You
  • #167,867
  • Sep 23, 2009 12:41am Sep 23, 2009 12:41am
Anyway here's the short taken:
http://www.forexfactory.com/showpost...postcount=3020

And here's why:
http://www.forexfactory.com/showpost...postcount=3022

Let's see how this goes. Good luck
Thank You
  • #167,868
  • Sep 23, 2009 12:54am Sep 23, 2009 12:54am
if not break the trendline(yellow arrow) i add my new short
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  • #167,869
  • Sep 23, 2009 12:55am Sep 23, 2009 12:55am
Quoting wormboy
Anyway here's the short taken:
http://www.forexfactory.com/showpost...postcount=3020

And here's why:
http://www.forexfactory.com/showpost...postcount=3022

Let's see how this goes. Good luck
nice bro


lets diving
  • #167,870
  • Sep 23, 2009 1:00am Sep 23, 2009 1:00am
Quoting akumelayu
nice bro


lets diving
lets!

okay be back later. nak tidoq, baru sampai umah drive dari pagi buta tak larat ni.
later bro salam
Thank You
  • #167,871
  • Sep 23, 2009 1:01am Sep 23, 2009 1:01am
Quoting TauTrader
Good day to you all,


1) This is an extremely important level for me. Sitting @ 1.6426. This is the 50% line for the monthly range. Be careful here... Should price clear this number the first time round, wait for pullback. Do not assume an automatic continuation on the first break.
Good day all,

I just want to clarify this. I personally favour selling in the current environment. The 1.6426 level will be my first attempt to short. If we do not reach this level, I will short below 1.6390.

I mention the 1.6426 number as important. If I had a bullish bias, that would have been my area of buying.

Hope this makes more sense

Good trades!
  • #167,872
  • Sep 23, 2009 1:03am Sep 23, 2009 1:03am
Quoting wormboy
lets!

okay be back later. nak tidoq, baru sampai umah drive dari pagi buta tak larat ni.
later bro salam
wokey...nnti sabtu ni kalo aku p balik kgkat parit buntar aku p raya kedai hang..huhuh...
  • #167,873
  • Sep 23, 2009 1:03am Sep 23, 2009 1:03am
Hi guys, im with u the southbound train..check out pg 11187. I posted chart last night, but as a newbie to this site it takes upto six hrs for my posts to show
  • #167,874
  • Sep 23, 2009 1:08am Sep 23, 2009 1:08am
I've been trading profitably and consistently after Frankfurt opens but I have noticed that GBPUSD price action becomes very choppy when the London session opens.What causes the London chop?
  • #167,875
  • Sep 23, 2009 1:09am Sep 23, 2009 1:09am
Quoting TauTrader
Good day all,

I just want to clarify this. I personally favour selling in the current environment. The 1.6426 level will be my first attempt to short. If we do not reach this level, I will short below 1.6390.

I mention the 1.6426 number as important. If I had a bullish bias, that would have been my area of buying.

Hope this makes more sense

Good trades!
1.6426 is my 38.2% monthly fibo....
  • #167,876
  • Sep 23, 2009 1:11am Sep 23, 2009 1:11am
Quoting Flyer373
I've been trading profitably and consistently after Frankfurt opens but I have noticed that GBPUSD price action becomes very choppy when the London session opens.What causes the London chop?
what is london chop??? it is like a chicken chop??
  • #167,877
  • Sep 23, 2009 1:13am Sep 23, 2009 1:13am
Quoting akumelayu
1.6426 is my 38.2% monthly fibo....


Wish you success

Regards
  • #167,878
  • Sep 23, 2009 1:16am Sep 23, 2009 1:16am
Quoting TauTrader


Wish you success

Regards
u too my friend
  • #167,879
  • Sep 23, 2009 1:22am Sep 23, 2009 1:22am
i add my new short now....
  • #167,880
  • Sep 23, 2009 1:25am Sep 23, 2009 1:25am
where you short at?
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