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Cable Update (GBPUSD)

  • #185,641
  • Dec 2, 2009 11:17pm Dec 2, 2009 11:17pm
break out is about to begin..This is the bull's show..am I wrong?
Patience + Discipline =
  • #185,642
  • Dec 2, 2009 11:18pm Dec 2, 2009 11:18pm
I've got a fib line and a pivot line sitting at 6720ish so be careful.
  • #185,643
  • Dec 2, 2009 11:19pm Dec 2, 2009 11:19pm
Quoting trader74
Nice....but could also be a double top on the hourly...seems to be alot of resistance in that area....just my opinion though and waiting for confirmation
I would love to tell you that I am always right, but that would be bending the truth.

Seems like a good entry to me, so sticking to my guns and we will see what we get.

STops in....emotions out.
  • #185,644
  • Edited 11:43pm Dec 2, 2009 11:20pm | Edited 11:43pm
Quoting Jemmy
break out is about to begin..This is the bull's show..am I wrong?
Wait London session open ! 1.6693 is a crucial level !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #185,645
  • Dec 2, 2009 11:22pm Dec 2, 2009 11:22pm
bull show begin
  • #185,646
  • Dec 2, 2009 11:25pm Dec 2, 2009 11:25pm
break out break out haha.
  • #185,647
  • Dec 2, 2009 11:28pm Dec 2, 2009 11:28pm
Bull chart playing out nicely, support on the 24SMA from the hourly and rest of time frames paying off nicely.

CHA CHING!

Possible targeted range on continuation of trend, top left hand chart. (Daily)...Not tonight...of course, that'd be nice too....
Attached Image (click to enlarge)
Click to Enlarge Name: bullt.JPG Size: 227 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,648
  • Dec 2, 2009 11:29pm Dec 2, 2009 11:29pm
Quoting ja5on
break out break out haha.
don't be rash brother, most of break out are fake
  • #185,649
  • Dec 2, 2009 11:33pm Dec 2, 2009 11:33pm
Quoting FXAdvice
don't be rash brother, most of break out are fake
yea. haha. lets see where the retracement lands.
  • #185,650
  • Dec 2, 2009 11:37pm Dec 2, 2009 11:37pm
Quoting ja5on
break out break out haha.
Follow your charts friend...A break out, is a break out...plain and simple.

There are a lot of skittish traders around that have bearish tendencies. Trade through safety ranges, keep your eyes on support and resistence, and by all means, celebrate your victories!

GO BULLS!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,651
  • Dec 2, 2009 11:40pm Dec 2, 2009 11:40pm
Quoting FXAdvice
don't be rash brother, most of break out are fake
What does that mean, most breaks outs are fakes?

IF it breaks out of channel, its a break out...how is that a fake?

Of course there will be retraces, but I have never understood the idea of fake breakouts...(note - break outs are only when we close price outside of channel, not bump and run)

Head fakes, yes...a massive move in one direction on a 5m only to be countered on the next....okay...but when we break out of channel, we break...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,652
  • Dec 2, 2009 11:41pm Dec 2, 2009 11:41pm
Quoting Magix
Follow your charts friend...A break out, is a break out...plain and simple.

There are a lot of skittish traders around that have bearish tendencies. Trade through safety ranges, keep your eyes on support and resistence, and by all means, celebrate your victories!

GO BULLS!

No use being a bull or a bear. The market is not going any where and our charts never lie. Let them tell what side of the game to be on.

YEY CHARTS!
  • #185,653
  • Dec 2, 2009 11:42pm Dec 2, 2009 11:42pm
Quoting Magix
Bull chart playing out nicely, support on the 24SMA from the hourly and rest of time frames paying off nicely.

CHA CHING!

Possible targeted range on continuation of trend, top left hand chart. (Daily)...Not tonight...of course, that'd be nice too....
Hi brother,
I don't trade until news result clarify the market. what about you? do you have any position?
  • #185,654
  • Dec 2, 2009 11:43pm Dec 2, 2009 11:43pm
Quoting manize
i hope you still hold long. Pass 1.6693 now !
Exited that position earlier at -1...once chart lost support on the 30m. Have traded 2x long positions on break through resistance on 5m. Currently flat.

Multi lot plays just a bit over 220 on this evening, just over 300 on the day.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,655
  • Dec 2, 2009 11:45pm Dec 2, 2009 11:45pm
Quoting FXAdvice
Hi brother,
I don't trade until news result clarify the market. what about you? do you have any position?
Exited long on spike and breach of support on the 1m.

Been loving the longs!

Sadly I missed early entry when all time frames aligned so have played a couple since, one shorter play for a few bones, and then the last spike for a nice ticket.

All smiles here my friend!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,656
  • Dec 2, 2009 11:46pm Dec 2, 2009 11:46pm
Break out!!! Now show me de money. Looks like we got alot of Traders on de sidelines... Ha!! But i get in now "Sell-la-mania"...
  • #185,657
  • Dec 2, 2009 11:49pm Dec 2, 2009 11:49pm
Quoting 3dragz
I've got a fib line and a pivot line sitting at 6720ish so be careful.
Fib from where to where? And how did you pivot calculate? All says about 1.6750 is next pivot.

Any way it seems time to take profits on longs, guys. Won't trade today - too risky of whipsaw.
  • #185,658
  • Dec 2, 2009 11:50pm Dec 2, 2009 11:50pm
Quoting Magix
Exited long on spike and breach of support on the 1m.

Been loving the longs!

Sadly I missed early entry when all time frames aligned so have played a couple since, one shorter play for a few bones, and then the last spike for a nice ticket.

All smiles here my friend!

It is getting late... Looks like a greed issue or have U changed sessions. Tell me!!
  • #185,659
  • Dec 2, 2009 11:51pm Dec 2, 2009 11:51pm
Quoting 3dragz
I've got a fib line and a pivot line sitting at 6720ish so be careful.
Good line...I just ended up scalping a few ticks and getting out before the retrace
The hardest way to make an easy living.....
  • #185,660
  • Dec 2, 2009 11:51pm Dec 2, 2009 11:51pm
Quoting Magix
Exited that position earlier at -1...once chart lost support on the 30m. Have traded 2x long positions on break through resistance on 5m. Currently flat.

Multi lot plays just a bit over 220 on this evening, just over 300 on the day.

Nicely, my last trade is closed at 1.6693 for + 30 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
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