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Cable Update (GBPUSD)

  • #170,081
  • Sep 28, 2009 8:04am Sep 28, 2009 8:04am
Cautiously and gradually, i will get there...
  • #170,082
  • Sep 28, 2009 8:07am Sep 28, 2009 8:07am
Quoting albchr
You don't? Hmmmm......
  • #170,083
  • Sep 28, 2009 8:16am Sep 28, 2009 8:16am
Quoting nAVIN2007
Hi Nav, currently I don't know your trading status, how about short ? What I see is H4 failed to break DP 1.5880 where I took a short then ! I see any posiiblity go down untill S3 ( 1.5638) on my chart ---> the habit on every Monday is able move to at least S3 or otherwise R3 (1.6100) but I see very difficult moves up !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #170,084
  • Sep 28, 2009 8:18am Sep 28, 2009 8:18am
Quoting albchr
You don't? Hmmmm......

i see the 1.5914 level and u're right saying that, but i don't see it like a major resistance

but 1.5890 is the level where could go up, i see it like a strong resist to a retrace..
LOL
  • #170,085
  • Sep 28, 2009 8:19am Sep 28, 2009 8:19am
Quoting nAVIN2007
Like you said buddy, everybody sees, or doesn't see, things differently...
Ghost Rider - WWTBMD?
  • #170,086
  • Sep 28, 2009 8:22am Sep 28, 2009 8:22am
Quoting albchr
Like you said buddy, everybody sees, or doesn't see, things differently...
  • #170,087
  • Sep 28, 2009 8:26am Sep 28, 2009 8:26am
short off the 1hour chart straight out of the textbook
Attached Image
Trading is 80% Emotional, 20% Technical
  • #170,088
  • Sep 28, 2009 8:27am Sep 28, 2009 8:27am
Quoting manize
Short 1.5880 !
Well played.
Probability Professor
  • #170,089
  • Sep 28, 2009 8:28am Sep 28, 2009 8:28am
Quoting manize
Hi Nav, currently I don't know your trading status, how about short ? What I see is H4 failed to break DP 1.5880 where I took a short then ! I see any posiiblity go down untill S3 ( 1.5638) on my chart ---> the habit on every Monday is able move to at least S3 or otherwise R3 (1.6100) but I see very difficult moves up !
i dont know about pivot levels as such but i dont think up is the direction quite yet....anyways time will tell...
Attached Image (click to enlarge)
Click to Enlarge Name: trade3.gif Size: 26 KB
  • #170,090
  • Sep 28, 2009 8:29am Sep 28, 2009 8:29am
Quoting fx local
short off the 1hour chart straight out of the textbook
absolutely.. perfect breakout and retest
  • #170,091
  • Sep 28, 2009 8:31am Sep 28, 2009 8:31am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I am so glad I am gone to newbie style.

Paying well!!

Cable couldn't cross 159100, and I shorted @ 158900 SL 159200.
Not bad for 80 pips or maybe more.





Quoting ams
Trying to play with lessons learned from last few weeks. Also, what I used to do when I was a newbie.

My take for cable:

Not going long, only looking to sell.

All based on 4 hr chart, SELL if cable can't break 159100 in another 2 hours, and candle opens below this range and touch 159, add more at 157650.

Watch 602xx, 1608xx, 1615xx, 625xx for potential selling. All depends on cable breaking lower timeframes mentioned.

Ultimate target for selling is 163950 (not happening soon or at all), same strategy. Goal is 52500, then 150500.
  • #170,092
  • Sep 28, 2009 8:38am Sep 28, 2009 8:38am
Quoting ams
I am so glad I am gone to newbie style.

Paying well!!

Cable couldn't cross 159100, and I shorted @ 158900 SL 159200.
Not bad for 80 pips or maybe more.
Ghost Rider - WWTBMD?
  • #170,093
  • Sep 28, 2009 8:43am Sep 28, 2009 8:43am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Thanks Chris, was so upset since last week now I am trading totally alert, the way I used to. Glad watching the PA pays. Cross 1576 and there is nothing before 155. Jeez

closed my short 158200. 70 pip.


Quoting albchr
  • #170,094
  • Sep 28, 2009 8:49am Sep 28, 2009 8:49am
Quoting ams
Thanks Chris, was so upset since last week now I am trading totally alert, the way I used to. Glad watching the PA pays. Cross 1576 and there is nothing before 155. Jeez

closed my short 158200. 70 pip.
You wouldn't be the first to get a bit complacent and a touch over confident my friend. Been there, done that and paid for the same lesson...

Nicely done!!
Ghost Rider - WWTBMD?
  • #170,095
  • Sep 28, 2009 9:05am Sep 28, 2009 9:05am
I wanted to see price up until 1.6000 ~ 1.6100 and short from there. I really believe that this week it will go down to 1.5540 due to breaks of 1.6110.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #170,096
  • Sep 28, 2009 9:07am Sep 28, 2009 9:07am
If this hour doesn't break and close above 5915, I'll short this slug again....
Ghost Rider - WWTBMD?
  • #170,097
  • Sep 28, 2009 9:07am Sep 28, 2009 9:07am
Good day to you all,

Entered long from close to the current lower level of the daily channel @ 1.5820. Attached chart with explanation...

Just wondering....

Your thoughts?

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu105.gif Size: 20 KB
  • #170,098
  • Sep 28, 2009 9:11am Sep 28, 2009 9:11am
This is one day that SUCKS big time so hard to make a call...
  • #170,099
  • Sep 28, 2009 9:14am Sep 28, 2009 9:14am
Quoting nAVIN2007
i dont know about pivot levels as such but i dont think up is the direction quite yet....anyways time will tell...
Your chart is right Nav, that's why before reversed up I closed short +50 pips.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #170,100
  • Sep 28, 2009 9:14am Sep 28, 2009 9:14am
Quoting Alpha Hamste
This is one day that SUCKS big time so hard to make a call...
If that's your perception of PA, then you should stay out of any trades until you see, what you deem to be, a higher probability set-up.
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