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Cable Update (GBPUSD)

  • #176,401
  • Oct 14, 2009 8:05pm Oct 14, 2009 8:05pm
Quoting surFXwave

http://i737.photobucket.com/albums/x...ble151009c.png


http://i737.photobucket.com/albums/x...ble151009b.png


http://i737.photobucket.com/albums/x...ble151009a.png


http://i737.photobucket.com/albums/x...ble151009d.png

Nice chart
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #176,402
  • Oct 14, 2009 8:15pm Oct 14, 2009 8:15pm
Quoting sotongking
Sorry! Noob here.

Does it meant to say that if it doesn't surpass those resistance line, chances of bearish will still be valid? At the moment, it's like lingering between 1.6040 - 1.6055.
It means that the above levels are very strong resistance for a potential short and cover your longs if you are currently long.

Does it meant to say that if it doesn't surpass those resistance line?

Hard to say , but risk reward is very good at those levels for shorting.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #176,403
  • Oct 14, 2009 8:18pm Oct 14, 2009 8:18pm
Quoting Bull_Bear
It means that the above levels are very strong resistance for a potential short and cover your longs if you are currently long.

Does it meant to say that if it doesn't surpass those resistance line?

Hard to say , but risk reward is very good at this levels for shorting.
Plus it depends on candlestick pattern that we will form, like Evening Doji Start or Evening star, then there you go, highier probability of going down,
My edge ===> Patience
  • #176,404
  • Oct 14, 2009 8:21pm Oct 14, 2009 8:21pm
Quoting Ben920FX
Plus it depends on candlestick pattern that we will form, like Evening Doji Start or Evening star, then there you go, highier probability of going down,
Spot on
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #176,405
  • Oct 14, 2009 8:56pm Oct 14, 2009 8:56pm
Quoting Bull_Bear
Resistance starts from:

1. 1.6100 (38.2%)

2. 1.6120 (previous resistance)

3. 1.6130 (aprox 200 ema)


A lot of shit to shovel uphill...
why do you shovel shit, doesn't it snow there ?
  • #176,406
  • Oct 14, 2009 9:23pm Oct 14, 2009 9:23pm
long on this for now
Attached Image (click to enlarge)
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  • #176,407
  • Oct 14, 2009 9:30pm Oct 14, 2009 9:30pm
I am in agreement with ya Cowboy
  • #176,408
  • Oct 14, 2009 9:42pm Oct 14, 2009 9:42pm
currently experimenting with my own created trading system. Long this pair for now.
Attached Image (click to enlarge)
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  • #176,409
  • Oct 14, 2009 11:15pm Oct 14, 2009 11:15pm
Good day to you all,

Took my losses on the short entries entered yesterday.. Not pleasant. Next.

My daily charts still indicate shorting to be a good probability trade. Will look at PA around the lower level of the daily channel by low @ 1.6095.

Maximum probable upside @ 1.6117/ 1.6120 - to test last week's high. Looking for a retest of 1.6022 later today.

Wish you all success
  • #176,410
  • Oct 14, 2009 11:24pm Oct 14, 2009 11:24pm
Quoting Bull_Bear
Long 1.6002.. SL.. 1.5920.. TP.. 1.6180
Ok, long taken off the table at 1.6100...

2 x 98 = 196pips

Revering short @ 1.6100.. SL.. 1.6150.. TP.. open
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #176,411
  • Oct 14, 2009 11:26pm Oct 14, 2009 11:26pm
Ghost Rider - WWTBMD?
  • #176,412
  • Oct 14, 2009 11:26pm Oct 14, 2009 11:26pm
I shorted from 1.6088. stop loss 1.6160

Target 1.5970

Also i put another sell limit to 1.6119



Good luck to all.
Trade only what i see
  • #176,413
  • Oct 14, 2009 11:29pm Oct 14, 2009 11:29pm
Quoting albchr
Chris, I thought you got stopped out at 1.6050. Don't tell me you moved your stop.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #176,414
  • Oct 14, 2009 11:31pm Oct 14, 2009 11:31pm
Quoting Bull_Bear
Chris, I thought you got stopped out at 1.6050. Don't tell me you moved your stop.
Yep, shorted the dragon at 143.45 as well. Tough week. Really getting crushed.
Ghost Rider - WWTBMD?
  • #176,415
  • Oct 14, 2009 11:32pm Oct 14, 2009 11:32pm
Quoting Bull_Bear
Chris, I thought you got stopped out at 1.6050. Don't tell me you moved your stop.
i hit the jackpot

with the last trade posted here

http://www.forexfactory.com/showpost...&postcount=543
Attached Image (click to enlarge)
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  • #176,416
  • Oct 14, 2009 11:34pm Oct 14, 2009 11:34pm
Quoting forexlion
i hit the jackpot

with the last trade posted here

http://www.forexfactory.com/showpost...&postcount=543

I am not going to short GU till it hits my end target of 1.6347

I will keep scalping 1 hour swings though
  • #176,417
  • Oct 14, 2009 11:34pm Oct 14, 2009 11:34pm
Quoting forexlion
why do you shovel shit, doesn't it snow there ?

Lion my friend, your a man with many colorful words
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #176,418
  • Oct 14, 2009 11:40pm Oct 14, 2009 11:40pm
  •  refugee
  • | Joined Aug 2009 | Status: Be patient, cautious, & skeptical. | 50 Posts
Quoting Bull_Bear
Resistance starts from:

1. 1.6100 (38.2%)

2. 1.6120 (previous resistance)

3. 1.6130 (aprox 200 ema)


A lot of shit to shovel uphill...

Hopefully it's the great minds that are thinking alike this morning Bullbear. Excellent analysis, I think there is a lot of edge on taking this trade.
  • #176,419
  • Oct 14, 2009 11:40pm Oct 14, 2009 11:40pm
Quoting albchr
Yep, shorted the dragon at 143.45 as well. Tough week. Really getting crushed.
Chris, should have let your SL taken you out. It always prove u wrong bro, my SL has proven me wrong many times. Its a bad practice moving SL.....

Don't worry mate next trade...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #176,420
  • Oct 14, 2009 11:41pm Oct 14, 2009 11:41pm
Quoting Bull_Bear
Lion my friend, your a man with many colorful words
I learnt the FE technique from Piters

and my !!! it has paid off very well indeed
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