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Cable Update (GBPUSD)

  • #170,221
  • Sep 28, 2009 1:52pm Sep 28, 2009 1:52pm
Quoting wormboy
You bet I'm gonna short the crap outta this sucker again bro.
But since I was already flat since Friday close I was not about to short too low and shoot myself in the foot lol. A higher price would be nice.
Did I mention I got some nutmegs on this long positions?:
http://www.forexfactory.com/showpost...postcount=3135

Hehe

i hear yah...i wont short down here either i got 130 pips this morning but i think i was lucky yesterday the mofo just sank from the open..

i reckon this is just dancing around b4 it makes its next move down...wheres yur SL?
  • #170,222
  • Sep 28, 2009 1:55pm Sep 28, 2009 1:55pm
Good day to you,

I found a driver for the bus.....

Let's hope he brings everybody home safe....
Attached Image
  • #170,223
  • Sep 28, 2009 1:57pm Sep 28, 2009 1:57pm
Quoting nAVIN2007
i hear yah...i wont short down here either i got 130 pips this morning but i think i was lucky yesterday the mofo just sank from the open..

i reckon this is just dancing around b4 it makes its next move down...wheres yur SL?
@5650 bro
Thank You
  • #170,224
  • Sep 28, 2009 1:58pm Sep 28, 2009 1:58pm
Quoting TauTrader
Good day to you,

I found a driver for the bus.....

Let's hope he brings everybody home safe....
lol borat!

hey tau, bruno is way funnier
Thank You
  • #170,225
  • Sep 28, 2009 2:00pm Sep 28, 2009 2:00pm
Quoting wormboy
lol borat!

hey tau, bruno is way funnier
Yip, so I heard - still need to see the movie, but I thoroughly enjoy his antics....will make a point to watch Bruno soon. Kahunas of steel....

Anyway, enjoy the movie...

Regards
  • #170,226
  • Sep 28, 2009 2:02pm Sep 28, 2009 2:02pm
Quoting nAVIN2007
i understand i agree, it is almost like minute they buying the dollar 2 seconds later selling it....it is crazy for sure

and both are crazy as a mofo as well
True, Expecting more crazy moves in next months because my view about recovery is big lie and truth will show soon.
Just my personal view
  • #170,227
  • Sep 28, 2009 2:09pm Sep 28, 2009 2:09pm
Attached Image
  • #170,228
  • Sep 28, 2009 2:12pm Sep 28, 2009 2:12pm
Quoting wormboy
@5650 bro
  • #170,229
  • Sep 28, 2009 2:22pm Sep 28, 2009 2:22pm
What about a chart?
By the way yearly pvt 1.5960
  • #170,230
  • Sep 28, 2009 2:26pm Sep 28, 2009 2:26pm
Quoting wormboy
@5650 bro

the master
  • #170,231
  • Sep 28, 2009 2:31pm Sep 28, 2009 2:31pm
I wanna see the daily close below 5800 before i go short again.
  • #170,232
  • Sep 28, 2009 2:56pm Sep 28, 2009 2:56pm
Quoting TauTrader
Thank you. I am grateful....

The current battlezone sits between 1.5873 (weekly 50% line) and 1.5915 ( low of last week). Could really go anywhere.

Hope it works out for you.

Regards

Interesting....

Your weekly 50% line is also serving as a pivot
on the short term with some nice compression
occurring in the higher emas pictured here.

Watching which way it will slingshot from here.

Dr. D.
Attached Image
  • #170,233
  • Sep 28, 2009 2:56pm Sep 28, 2009 2:56pm
OK Just my view but then what do i know
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #170,234
  • Sep 28, 2009 3:18pm Sep 28, 2009 3:18pm
Now they're wound even tighter which
could bring more energy when it pops.

Of course it's only off of a 5m chart.
Without the higher time frames in
compression or until they join and
while nearing the end of the session
the move might likely be small or
consolidate into a narrow range and
let the higher TF emas catch up for
a bigger move in the Asian session.

Dr. D.
Attached Image
  • #170,235
  • Sep 28, 2009 3:35pm Sep 28, 2009 3:35pm
That's a small pop in less than 15 min.
Didn't take long did it. Where from here?

I hope it backs down and stays in this area
for the next twelve hours until the London
session. This would cause more of the ema's
on even the 15m TF to go under compression
for a bigger explosion of pips.

Dr. D.
Attached Image
  • #170,236
  • Sep 28, 2009 3:46pm Sep 28, 2009 3:46pm
I am practicing long TF trades on one of the demos before attempting them live.

The position is from last thursday.
Open Short @ 1.63518 SL was set at 6400

TP set at 5700 Which sounds extremely far away right now.

Tempted to close tonight
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #170,237
  • Sep 28, 2009 3:47pm Sep 28, 2009 3:47pm
i havent got a clue whats going on here....


it looks to me like its trying to go up..
might be in a diamond on 1hr (broadening traingle which converges) means it can breakout on either side

im off to bed....GOODLUCK u will need it!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: diamond 1hr cable.gif Size: 18 KB
  • #170,238
  • Edited 3:58pm Sep 28, 2009 3:47pm | Edited 3:58pm
You can always count on it when you see the MMA's
compress / coil / windup tightly on any given time frame.

The trick is getting in (and out) if the move is short lived
like we see here. You just never know the exact time when
the spring will pop but locating these patterns can help.

This picture shows there wasn't enough energy to move
beyond so it comes back. Back to where we started.

Dr. D.
Attached Image
  • #170,239
  • Sep 28, 2009 4:19pm Sep 28, 2009 4:19pm
I am understanding more and more why it is strongly recommended to start on High TF charts and trades of days, then later H4.

This trade is affectively more pips and smarter than any I have made.

Thank you guys and gals for any input.

This is the trade

(short from thursday @ 6351)
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #170,240
  • Sep 28, 2009 4:21pm Sep 28, 2009 4:21pm
Quoting XTrade
I am understanding more and more why it is strongly recommended to start on High TF charts and trades of days, then later H4.

This trade is affectively more pips and smarter than any I have made.

Thank you guys for any input

yup..the great thing about it is....u trade less and therefore put yourself in less risk....
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