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Cable Update (GBPUSD)

  • #170,761
  • Sep 29, 2009 8:25pm Sep 29, 2009 8:25pm
Good morning folks

well my EA has been a really busy fellow this morning, charted out 1.6260 area
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  • #170,762
  • Edited 8:32pm Sep 29, 2009 8:25pm | Edited 8:32pm
It most certainly does!

It is on target with what I thought you might say and I can say I am glad, thank you! AND, the reinforcement is helpful. THus, i will let the results do the talking!!!

Where as I was risking too much downside on a scalp only to close @ 5 - 10
20 Maybe 45 pips, I am risking a similar down, say for long tf after I find confirmation 40 pips To make Upwords of 150! is great!!!!

I will take your advice! So far the longer TF trades on more time 1 day etc.
have been by far my best!
Thanks! Yes I am in the clear. I have yet to close last trade due to server lag,
the pips fallen are now made up.
4 pips from TP - * edit Depending on breach of 6000 I will TP and hold.

Are you looking @ more potential longs tonight?

Quoting wormboy
Hi X

yup all trades had been booked. I'm not in harm's way. Hope you're not either
Saw your post. May I suggest that you practise to trade with either or. It's either the high tf or the lower tf. It's important to do so because you need to understand that you need to work on the risk management together with the tf to complete your own trade system. And there'll be a lot of tweaking on the risk management before you get it right. Most failures I know of ignores this part in haste of getting rich quick. lol how dumb. Don't fall for that trap.
I...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #170,763
  • Sep 29, 2009 8:31pm Sep 29, 2009 8:31pm
Quoting wormboy
Morning. Dragon's got a nice break topside. your turn cable.
Still buying
and we have lift off lol. New high, still bullish.
Catch you guys later.
Thank You
  • #170,764
  • Sep 29, 2009 8:37pm Sep 29, 2009 8:37pm
Quoting wormboy
and we have lift off lol. New high, still bullish.
Catch you guys later.
Still Happy married...

[Chart]
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  • #170,765
  • Sep 29, 2009 8:39pm Sep 29, 2009 8:39pm
Quoting XTrade
Are you looking @ more potential longs tonight?
Okay

In response to your question, yes I am looking to add more longs but not right now. I won't be around till london later so it depends on pa when I get back later. There's still so much potential going up, so stay sharp my friend.
Catch you later, good luck
Thank You
  • #170,766
  • Sep 29, 2009 8:41pm Sep 29, 2009 8:41pm
Quoting Piters
Still Happy married...

[Chart]
lol hey piter, them girls can't wait to crash the gate @6165
See ya later bro, I have a meeting. Good luck!
Thank You
  • #170,767
  • Sep 29, 2009 8:43pm Sep 29, 2009 8:43pm
OK! I will!
Thinking we may see high TF retrace to 6200.
If things hold @ current level.

Otherwise new short position possibility

Quoting wormboy
Okay
--, yes I am looking to add more longs but not right now. --- so much potential going up, so stay sharp my friend. Catch you later, good luck
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #170,768
  • Sep 29, 2009 8:49pm Sep 29, 2009 8:49pm
Quoting Fudomyo
If we break north out of the narrow channel like it did earlier 1.600 is my target, if we break the top of the larger channel, my target is 1.614, where the 200ema (green line) is sitting now. (chart 2) ...
took partial tp at 1.600. if we get a pullback here will add more longs.
GU is being so nice right now. falling in again... lol
  • #170,769
  • Sep 29, 2009 8:50pm Sep 29, 2009 8:50pm
Quoting wormboy
lol hey piter, them girls can't wait to crash the gate @6165
See ya later bro, I have a meeting. Good luck!
keep 'em wet bro...
Attached Image
  • #170,770
  • Sep 29, 2009 9:06pm Sep 29, 2009 9:06pm
BOUT Time!! Right?

After a day of CRAP!!!



Quoting Fudomyo
took partial tp at 1.600. if we get a pullback here will add more longs.
GU is being so nice right now. falling in again... lol
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #170,771
  • Sep 29, 2009 9:10pm Sep 29, 2009 9:10pm
Quoting Fudomyo
took partial tp at 1.600. if we get a pullback here will add more longs.
GU is being so nice right now. falling in again... lol
yes mate.. a partial TP at DR1 is a good spot.. im taking some of the table too..
  • #170,772
  • Sep 29, 2009 9:54pm Sep 29, 2009 9:54pm
No one is looking to short at 33 = 38.2 on 4h?
  • #170,773
  • Sep 29, 2009 10:03pm Sep 29, 2009 10:03pm
Possible. But I would (am) waiting for strong confirmation before closing
longs.
edit - meeting resistance in this area.... we will see.


Quoting Inzider
No one is looking to short at 33 = 38.2 on 4h?
Hourly with day H/L outlined
Attached Image
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #170,774
  • Sep 29, 2009 10:09pm Sep 29, 2009 10:09pm
Quoting Inzider
No one is looking to short at 33 = 38.2 on 4h?
I got 1.6047 as resistance. Will use that on the way down as my entry.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #170,775
  • Sep 29, 2009 10:13pm Sep 29, 2009 10:13pm
Quoting Magix
I got 1.6047 as resistance. Will use that on the way down as my entry.
ok thx!

33/60 should offer some R.

Let's see!
  • #170,776
  • Sep 29, 2009 10:16pm Sep 29, 2009 10:16pm
Quoting Inzider
ok thx!

33/60 should offer some R.

Let's see!

I never expected this run into the evening, I am only bagging one lot as of current...sigh.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #170,777
  • Sep 29, 2009 10:24pm Sep 29, 2009 10:24pm
Quoting Magix
I never expected this run into the evening, I am only bagging one lot as of current...sigh.
Same... going trough 1.60 like cheese while day long fighting for it...

Asian is making tricky thing lately!
Kinda magician whit a rabbit things...

------------

I took the 30 for scalp, out whit a 15 pips... will redo whit confirmation first if offer....
  • #170,778
  • Sep 29, 2009 10:26pm Sep 29, 2009 10:26pm
Quoting Inzider
Same... going trough 1.60 like cheese while day long fighting for it...

Asian is making tricky thing lately!
Kinda magician whit a rabbit things...

------------

I took the 30 for scalp, out whit a 15 pips... will redo whit confirmation first if offer....
Might be a little load area come before a final surge?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #170,779
  • Sep 29, 2009 10:30pm Sep 29, 2009 10:30pm
Loox like maybe sell confirmation on EU, will for sure wait for a little more confirmation on GU.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #170,780
  • Sep 29, 2009 10:31pm Sep 29, 2009 10:31pm
Shorted g/u from 6030...closed on 21 ema 5m...I think it will find strong resistance 6075...
It is 30m 50%, 4h 23% and it t/p of 200% of bottom move up...
That is where i will short from and see if i can ride it out...
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