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Cable Update (GBPUSD)

  • #169,121
  • Sep 24, 2009 4:54pm Sep 24, 2009 4:54pm
Quoting trabagwe
the mthly is still going down, the weekly is going down but has been in the same range for aprox.17 week's (15820-16825 ) ,daily going down, i am looking to see a retrace 6166 for now with tight stop @5819,

nov 2007 took 6 months for break down ... but weekly pattern was the same one that we saw on at start July ....
Blogging daily now at www.volume.zone
  • #169,122
  • Sep 24, 2009 4:57pm Sep 24, 2009 4:57pm
so what do you forsee ?
  • #169,123
  • Sep 24, 2009 5:01pm Sep 24, 2009 5:01pm
Quoting malcolmb14
nov 2007 took 6 months for break down ... but weekly pattern was the same one that we saw on at start July ....
so would you say for sure down trend we need to break thru t/5820 area ?
  • #169,124
  • Sep 24, 2009 5:07pm Sep 24, 2009 5:07pm
good evening everyone, on this fine evening!!

Just gotta says thanks to two of the great posters in here, WB and DT.
Ive been trading on and off for 5 years now, and with you guys sharing your thoughts and views, things finally coming together and kicking some bad habits!!

And to all the other guys who regularly post in here, cheers for sharing your thoughts, humor!! (learnt alot in 3 weeks of following thread....from all of you)

Happy trading to all
  • #169,125
  • Sep 24, 2009 5:29pm Sep 24, 2009 5:29pm
Morning guys,

My 1.6000 limit order did not trigger so I have just pulled the long trigger on cable and EUR.

Buy EUR 1.4664.. SL.. 1.4590... TP 1.4720

Buy cable 1.6064.. SL 1.5990.. TP 1.6135

See you guys at the London session.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR.JPG Size: 117 KB
Click to Enlarge Name: Cable.JPG Size: 141 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #169,126
  • Sep 24, 2009 5:35pm Sep 24, 2009 5:35pm
Bull / Bear...

I hope you're right buddy...

I've been hanging in there w/this supposed,
"Retrace" thing managing the bad trade,
vs. "Cutting the Losses".

I'm either in that denial thing
or- just knowing she'll kick North a Tad,
for a Retrace to get some better entries for Shorts.

We'll see...
Thanks,

Jeff
I will work to Objectively Identify my Edges
  • #169,127
  • Sep 24, 2009 6:05pm Sep 24, 2009 6:05pm
Quoting Bull_Bear
Morning guys,

My 1.6000 limit order did not trigger so I have just pulled the long trigger on cable and EUR.

Buy EUR 1.4664.. SL.. 1.4590... TP 1.4720

Buy cable 1.6064.. SL 1.5990.. TP 1.6135

See you guys at the London session.
shouldn't it be a 50% retrace of yesterday's move into 1.62
  • #169,128
  • Sep 24, 2009 6:08pm Sep 24, 2009 6:08pm
Quoting forexlion
shouldn't it be a 50% retrace of yesterday's move into 1.62
but some how i do not have a 1 hour confirmation, so i am not gonna touch longs
  • #169,129
  • Sep 24, 2009 6:17pm Sep 24, 2009 6:17pm
Quoting forexlion
but some how i do not have a 1 hour confirmation, so i am not gonna touch longs
I have closed Longs at BE. Let's see what Asia does!
None the wiser!
  • #169,130
  • Sep 24, 2009 6:25pm Sep 24, 2009 6:25pm
I will not short, cause we are nearing the end of the 1 hour trend

I will not long because 1 hour has no confirmation.

ok ........ lemme toss that coin, there is a 50% win rate
  • #169,131
  • Sep 24, 2009 6:29pm Sep 24, 2009 6:29pm
I am still afraid of longs at this point as well.

FX Lion do you trade for a bank?

Also, I took your trade before and unfortunately exited too quickly!! Thanks for posting!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,132
  • Sep 24, 2009 6:42pm Sep 24, 2009 6:42pm
Long @ 1.6012 stop @ 1.5900........Waited several hours for it come here.....Target is 1.6113
Let Price determine your future!
  • #169,133
  • Sep 24, 2009 6:44pm Sep 24, 2009 6:44pm
Quoting Geppyg
Long @ 1.6012 stop @ 1.5900........Waited several hours for it come here.....Target is 1.6113
and what is ur long based on ?
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #169,134
  • Edited 6:46pm Sep 24, 2009 6:45pm | Edited 6:46pm
I could be wrong, but be careful. She just fell again, trend seems to be still down.

No significant retracement to speak of...

edit: WOW!!! .600 breached!!!!!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,135
  • Sep 24, 2009 6:50pm Sep 24, 2009 6:50pm
What's up playaz.
I know it's not cable
Thank You
  • #169,136
  • Sep 24, 2009 6:50pm Sep 24, 2009 6:50pm
Quoting Geppyg
Long @ 1.6012 stop @ 1.5900........Waited several hours for it come here.....Target is 1.6113

Geppy mate .. sell all way to 1.5800 then MAYBE reatrce ....

she is in free fall
Blogging daily now at www.volume.zone
  • #169,137
  • Sep 24, 2009 6:53pm Sep 24, 2009 6:53pm
Getting closer and closer to my 1,5300 now ..lol and getting there at a very fast rate
Blogging daily now at www.volume.zone
  • #169,138
  • Edited 7:22pm Sep 24, 2009 6:55pm | Edited 7:22pm
Here are two charts (1m and 15m).... both showing
convergence of MMA's and then explosive movement.

Trading off the 1m chart in the last 90 min is the perfect
signal to get back into the trade after a pause (yielding 100+ pips
and counting).

The move off the 15m chart's gathering of MMA's
in still happening (yielding 400+ pips and counting).

I'm sure other traders would explain this in other ways
using other chart signals, triggers and configurations.

Stated another way, the sphincter muscles can pucker
only so long until they expel their contents. LOL

Dr. D.
Attached Images
  • #169,139
  • Sep 24, 2009 6:56pm Sep 24, 2009 6:56pm
700+ pips up. 500 pips booked in.

Quoting BobHall
well, from here the only thing that's really stopping it from going any lower are levels at around 1.59570 ish area. the support there isn't that strong and could quite easily be broken, from there, next is 1.52, then 1.47, and 1.46 ish. and not much in the way from stopping it from going that low.

alos, take a look at the weekly chart, add the IMACD to it, look at the macd line and signal line, both have crossed over, a good 1000 pips is on the cards here. But could take about 4-8 weeks to see it hit that.

I've been short since 1.66260 from the...
PM Me If You Need Help!
  • #169,140
  • Sep 24, 2009 6:56pm Sep 24, 2009 6:56pm
For Shiznitz n Giggles,

Long @ Cable 1.5923
Long @ Dragon 144.55
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