the trend is yur friend till it bendand it bend alright!
when it bend are u ready tooo her
man she is sooo f ugly 
Cable Update (GBPUSD)
oill wow all the way to the throught - #176,846
- Oct 15, 2009 10:51am Oct 15, 2009 10:51am
- Joined Aug 2008 | Status: Trader | 3,976 Posts
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
- #176,847
- Oct 15, 2009 10:53am Oct 15, 2009 10:53am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
wormie brother, Bull Bear and DT brother what you think of it.
Any buddy believe or not but its a bull flag
shorties be aware of it this looks a genuine breakout not a squeeze.
Global Macro is right we cannot see 5300 in this decade. but we can see 1.7000 soon guys
A break of 6480 will confirm a sharp breakout move towards north.
I will never think of going shorts bulls into play and they will continue to play.
Here you have flashed the weekly chart. I hope you are not looking at the weekly with the intention to gauge the direction on your intraday entries.
To start with just with any other tf, the weekly candle is confirmed once closed. You can't confirm anything using weekly price on a Thursday since it's still open. The shape could still change tomorrow & the day after before closing.
Second, there is no genuine breakout whatsoever. The long term target remains bearish. Again, an intraday trader holding short from a lower price might be sweating now but I can assure you the long term trader who had positioned their shorts from higher levels are not worried one bit. I have attached the same weekly chart I have used over & over again, nothing redrawn. From the chart you can see where it stands for the long term trend to flip, in my opinion. And I have not been wrong so far with this weekly chart. Should price close above the descending utl, the long term trend will undoubtedly be bullish with 7600 as the target.
But as long as we remain below the utl, 5300 is still a target with 4800 level as the maximum target.
You need to understand however funny the "wager & banter" I have with GM, 5300 remains as my long term target & I do work with multi trade positions in between. It does not mean I blindly sit & do nothing in between.
I need to set that straight before someone else comes up with any idiotic remark such as me letting my huge profit turn into a loss.
In the meantime I have sold cable with 6125 level as the first possible target & 6045 as the second target providing there isn't any rejection. If there is rejection I will be buying then. The attached H4 chart illustrates why & where I took the trade.
As you can see, the trades I take are based on these "lagging" timeframes & only stand at best 50/50 chance as one expert claimed lol. So you'd understand if I put a disclaimer and say "I might be wrong" lol. But if you want a surefire 1000% win all zero loss trade you got to ask the 1 minute expert.
Hope that helps & good luck with your trades.
p/s : Here is the same W1 charts I had been using before up to date:
1. http://www.forexfactory.com/showpost...postcount=2743
2. http://www.forexfactory.com/showpost...postcount=2900
3. http://www.forexfactory.com/showpost...postcount=2973
Thank You
- #176,848
- Oct 15, 2009 11:04am Oct 15, 2009 11:04am
- Joined Apr 2008 | Status: Trader | 9,414 Posts
egkid salam how are bro
I'm very well just took short
Now http://www.forexfactory.com/showthre...86#post3143486
How about you?
PS:Anyone checked my map?
http://www.forexfactory.com/showthre...39#post3150739
- #176,849
- Oct 15, 2009 11:06am Oct 15, 2009 11:06am
- | Additional Username | Joined Sep 2009 | 8,623 Posts
a trader who went short @ 6400 and did not close it @ 5700 expecting 5300 and is still short is not a trader but a gambler
- #176,853
- Oct 15, 2009 11:12am Oct 15, 2009 11:12am
- | Joined Jun 2009 | Status: Trader | 1,198 Posts
To start with you really need to be a little bit more precise with what you are looking for.
Here you have flashed the weekly chart. I hope you are not looking at the weekly with the intention to gauge the direction on your intraday entries.
To start with just with any other tf, the weekly candle is confirmed once closed. You can't confirm anything using weekly price on a Thursday since it's still open. The shape could still change tomorrow & the day after before closing.
Second, there is no genuine breakout whatsoever. The long term target remains...
- #176,854
- Oct 15, 2009 11:15am Oct 15, 2009 11:15am
Hey bro
I'm very well just took short
http://www.forexfactory.com/showthre...86#post3143486
How about you?
PS:Anyone checked my map?
http://www.forexfactory.com/showthre...39#post3150739
- #176,855
- Oct 15, 2009 11:19am Oct 15, 2009 11:19am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
a trader who went short @ 6400 and did not close it @ 5700 expecting 5300 and is still short is not a trader but a gambler
- #176,858
- Oct 15, 2009 11:23am Oct 15, 2009 11:23am
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
a trader who went short @ 6400 and did not close it @ 5700 expecting 5300 and is still short is not a trader but a gambler
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #176,859
- Oct 15, 2009 11:24am Oct 15, 2009 11:24am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #176,860
- Oct 15, 2009 11:27am Oct 15, 2009 11:27am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Once again worm, your words have proven to be of huge inspiration, to the traders in here that are serious about this game!
How's your day coming?
Thank You