Good spike and head and shoulder.
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Cable Update (GBPUSD)
- #179,202
- Oct 27, 2009 2:57pm Oct 27, 2009 2:57pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #179,203
- Oct 27, 2009 2:59pm Oct 27, 2009 2:59pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
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- #179,204
- Oct 27, 2009 3:03pm Oct 27, 2009 3:03pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
cashed one in and another one still open.
First it was EU now cable, just pissing with mind.
Traders have habbit of holding to one currency to play with other people's money :-)
Nice going
Don't get me started on EU.
Check out my EU trade :
http://www.forexfactory.com/showpost...postcount=3539
Says 29 hours ago. That's right, I got out abt 30 minutes before the big fall. lol talk about pissing with the mind
Thank You 
- #179,205
- Oct 27, 2009 3:05pm Oct 27, 2009 3:05pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #179,207
- Oct 27, 2009 3:07pm Oct 27, 2009 3:07pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Nice going
Don't get me started on EU.
Check out my EU trade :
http://www.forexfactory.com/showpost...postcount=3539
Says 29 hours ago. That's right, I got out abt 30 minutes before the big fall. lol talk about pissing with the mind
odd how eu taking a beating
what is keeping GU up ? solid wall of buyers 1.6300
Blogging daily now at www.volume.zone
- #179,208
- Oct 27, 2009 3:07pm Oct 27, 2009 3:07pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
cashed one in and another one still open.
First it was EU now cable, just pissing with mind.
Traders have habbit of holding to one currency to play with other people's money :-)
cable dailly maybe be bullish but it weak so far..remember weekly pin is there..the way i see it this has to test 1.60 sometime at least before we go up..fingers crossed we sink
- #179,210
- Oct 27, 2009 3:10pm Oct 27, 2009 3:10pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #179,211
- Oct 27, 2009 3:11pm Oct 27, 2009 3:11pm
cable dailly maybe be bullish but it weak so far..remember weekly pin is there..the way i see it this has to test 1.60 sometime at least before we go up..fingers crossed we sink
agree 16060 is the stop for it
- #179,212
- Oct 27, 2009 3:13pm Oct 27, 2009 3:13pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #179,213
- Oct 27, 2009 3:14pm Oct 27, 2009 3:14pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
wormboy bro salam whats is the time there
Thank You
- #179,215
- Oct 27, 2009 3:18pm Oct 27, 2009 3:18pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
hey bro how are
agree 16060 is the stop for it
below 1.60 is dangerous as the monthly appears to be holding at that level, but if it goes i will take it
- #179,216
- Oct 27, 2009 3:21pm Oct 27, 2009 3:21pm
- Joined Apr 2008 | Status: Trader | 9,414 Posts
was just cautioning him against the long .. that is all I guess daily chart on retrace mode and daily dx heading up has nothing to do with trading gu on a 15 min chart .....
that big fat doji on the weekly last week and the massive drop in both us and asia indexes means that the usd gets weaker I guess ..(being sarcastic)...of course if someone is a true day trader that is great , but taking
you know screw it....
I will go back to my cave.....you wanna trade against the pros ..
BTW .. I am not your brother ....my brother is not an arse like...
I know you are god trader but i said that because
1-Us index going up doesn't for sure mean gbp drop sometime donot
2-My chart give possibility to do so, That doesn't mean it will but mean possible from here to go up and in last 2h it's bouncing at this level:-)
Below 1h and 4h chart
http://www.forexfactory.com/showthre...92#post3177792
- #179,217
- Oct 27, 2009 3:23pm Oct 27, 2009 3:23pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
well i dunno really, what ever it does it will do, i just think drop based on weekly pin..a break of the low it hasnt achieved yet so this is aggressive..
below 1.60 is dangerous as the monthly appears to be holding at that level, but if it goes i will take it
Have a look
Thank You
- #179,218
- Oct 27, 2009 3:27pm Oct 27, 2009 3:27pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
wsalam bro. 4:15 in the morning here
- #179,219
- Oct 27, 2009 3:29pm Oct 27, 2009 3:29pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Buwahahahahahahahahahahahah.
Funny, rather than commending him on BEING CORRECT, and the GREAT MALCOLMB14 BEING DEAD WRONG, you simply brag about your gains on the few trades you made.
Face it mango, people can trade against your charts and still prosper. Don't wanna take away from the fact that you made a profit, but you're not the only one.
all i was saying this morning was stop posting so many of your trades ... you were wrong anyway even ( you were going long at 1.6390 and there was clear selling at 1.6400) if you made money ...you were trading against the obvious selling ...then you were saying how great you were
wow you are like a woman ( no offence to any women) most men would let it go and move on ....
there are many ways to skin a cat and I commend anyone that trades against the trend.
I like to make money consistantly and have learnt that trading with the trend is the way to go . That 400 pip drop of Friday has to retrace somewhat and if this is 5 waves down the 400 pip drops was just wave 1. Wave 2 could have completed at 1.6445 and wave 3 if it happens will be longer than wave 1.....
on a 60 min we can see we had a 38 % retracement and dropped off that , which is what that other fellow was playing., He did well .Great trading for sure.
I would rather be selling off the retracement level then taking the long.
There are some awesome traders out there like Piterts that are and DJ that are great counter trend traders and trade those retracements like pros.
Right now if 1.6435 holds i see a head and shoulders forming with neckline at 1.6249 zone.
Break of this opens 1.5750 test
2nd chart shows my reasoning for 1.5700 test. It would form wave 3 of the down move....I am holding swing trade off 1.6400 zone with stop above 1.6600 (200 pip risk for 700 pip reward)
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- #179,220
- Oct 27, 2009 3:30pm Oct 27, 2009 3:30pm
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Dow is freezed for the moment...
New Tim Freezer in the market
New Tim Freezer in the market