Look at the double top in 15 min chart holding short for pound.
Expect break out today.
Expect break out today.
Cable Update (GBPUSD)
- #173,964
- Oct 7, 2009 5:37pm Oct 7, 2009 5:37pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #173,965
- Oct 7, 2009 5:50pm Oct 7, 2009 5:50pm
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)
- #173,966
- Oct 7, 2009 5:52pm Oct 7, 2009 5:52pm
- Joined Mar 2009 | Status: FX | 3,789 Posts
trading is well now .. i've worked it into my studying for school
check this out too .. monthly AUD/USD, also check the chart i quoted in the post as well
http://www.forexfactory.com/showpost...ostcount=13234
Veni, Vidi, Vici (We came, we saw, we conquered)
- #173,969
- Oct 7, 2009 6:13pm Oct 7, 2009 6:13pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #173,970
- Oct 7, 2009 6:50pm Oct 7, 2009 6:50pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
all this ranging gotta end someday.
I suspect it's today, if it doesn't, it's still gonna be a rough day
just a friendly reminder. good luck everyone. laters
I suspect it's today, if it doesn't, it's still gonna be a rough day
just a friendly reminder. good luck everyone. laters
Thank You 
- #173,971
- Oct 7, 2009 7:23pm Oct 7, 2009 7:23pm
- | Joined Sep 2009 | Status: My Vision is My Only Command | 47 Posts
Jack bro, been a while since you've been around the block. How you doing mate? Good to see you back bro
See You...
- #173,972
- Oct 7, 2009 7:56pm Oct 7, 2009 7:56pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Hi... BullBear, still hold your long... ? Me too, My fibo show first resistance at 1.6003, so I set my TP at 1.6000, the wait and see for London Session.
See You...
Thank You
- #173,975
- Edited 9:20pm Oct 7, 2009 9:04pm | Edited 9:20pm
- | Commercial User | Joined Oct 2008 | 5,712 Posts
shorting minded and marry with your PA....
Here is my really poor advice :-
1. Look at current PA movement and trade base on what your current chart say (observation from all TF). Do not fixed any movement in your mind if found something weird/contradict with early setting..unless u open from top or bottom (swing or weekly) that should be fine to take/load back from retracement area.If you are scalper or intra/daily....dont do this...
2. GU as I mentioned on Tuesday, am confused either 5830 or 6050/6060...by then am stop play with this pair and now she show 6000 area and this area where should be fine for short and this is what i want....am only play GY last 2 day...
3. When GY at DS area and people keep call for shorting even i did mentioned 139.80 could be test and 139.60 should be the max of down...but i still see people shorting from 140 area....checking with high/low price movement before decide would be safe for us in order she bounce again with more than 100 at least we safe to take it back when retrace.
All in all i made kajilon pips yesterday (not trying to show off but am change my decision base on what i saw in my chart and what PA is told me) and i believe only a few in the same mode. Not trying to condem/make any intention in this statement but ....again...disiplin and patient is needed....because am not patient ..give me more than -200pips float from 142.06...since am swing/part time scalp/intara..this should be fine...but how about for those who really use this for daily with lack of MM...sure blow right....
Again...trade what you see in your chart and check with some those sr...do not use our call as a decison entry point.....Good luck
P/S : Even Overall in my swing setting is bear mode...am still think of doing the other way around if found somethings force me to do so....Cheers
Here is my really poor advice :-
1. Look at current PA movement and trade base on what your current chart say (observation from all TF). Do not fixed any movement in your mind if found something weird/contradict with early setting..unless u open from top or bottom (swing or weekly) that should be fine to take/load back from retracement area.If you are scalper or intra/daily....dont do this...
2. GU as I mentioned on Tuesday, am confused either 5830 or 6050/6060...by then am stop play with this pair and now she show 6000 area and this area where should be fine for short and this is what i want....am only play GY last 2 day...
3. When GY at DS area and people keep call for shorting even i did mentioned 139.80 could be test and 139.60 should be the max of down...but i still see people shorting from 140 area....checking with high/low price movement before decide would be safe for us in order she bounce again with more than 100 at least we safe to take it back when retrace.
All in all i made kajilon pips yesterday (not trying to show off but am change my decision base on what i saw in my chart and what PA is told me) and i believe only a few in the same mode. Not trying to condem/make any intention in this statement but ....again...disiplin and patient is needed....because am not patient ..give me more than -200pips float from 142.06...since am swing/part time scalp/intara..this should be fine...but how about for those who really use this for daily with lack of MM...sure blow right....
Again...trade what you see in your chart and check with some those sr...do not use our call as a decison entry point.....Good luck
P/S : Even Overall in my swing setting is bear mode...am still think of doing the other way around if found somethings force me to do so....Cheers
- #173,976
- Oct 7, 2009 9:16pm Oct 7, 2009 9:16pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
all this ranging gotta end someday.
I suspect it's today, if it doesn't, it's still gonna be a rough day
just a friendly reminder. good luck everyone. laters
- #173,977
- Oct 7, 2009 9:17pm Oct 7, 2009 9:17pm
- | Commercial User | Joined Oct 2008 | 5,712 Posts
still insaid the triangle a break up want be so far I will wait for london open to confirm the long position
Attachment
p/s: in order to sell, big boy like me will selling off at top high and buying at bottom low...especially a day before or a few min before this significant news..then we will see some mess in the market
..Good luck
- #173,978
- Oct 7, 2009 9:24pm Oct 7, 2009 9:24pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I better take a rest atm for this GU and looking to make my trade after BOE and ECB decision...a lot of messy will coming in soon...
p/s: in order to sell, big boy like me will selling off at top high and buying at bottom low...especially a day before or a few min before this significant news..then we will see some mess in the market
mm all the way otherwise account will bleed...
we expected blood, sweat and more account blowers today folk, gotta keep it tight
the b*tch! just got hostile
(just kidding about the big boyz )
IMO, market is trying to prepare itself for the news. Big boys will let you go long to have opportunityfor to short it at the top.
1hr: Volume is going down and price is going up = price unlikely to go much higher or reverse from this level.
1hr: Volume is going down and price is going up = price unlikely to go much higher or reverse from this level.
Do not follow my trades. Trade what you see on your own charts.
- #173,980
- Oct 7, 2009 9:56pm Oct 7, 2009 9:56pm
- | Commercial User | Joined Oct 2008 | 5,712 Posts
yes we big boyz know what the hell to expect that is a good point..but in fairness i think we are gonna to up, candles suggest it news different story thats the contradiction we got!
mm all the way otherwise account will bleed...
we expected blood, sweat and more account blowers today folk, gotta keep it tight
the b*tch! just got hostile (just kidding about the big boyz )
...ya..am taking my GU in resting mode atm..