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Cable Update (GBPUSD)

  • #186,161
  • Dec 7, 2009 3:17am Dec 7, 2009 3:17am
Quoting samdani786
Bravo .Well done bro
thanks bro.. just my lucky day
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #186,162
  • Dec 7, 2009 3:19am Dec 7, 2009 3:19am
Quoting Wharfe
16330 could pose a hurdle, but I personally think down is the only way at the moment. I am short since 16430.

The middle ascending line has caused several reversals over the last 6 months or so.....

http://i49.tinypic.com/4vpgtc.gif

What methods and indicators are you using there? You seem deadly accurate
The greatest force on earth is compound interest.
  • #186,163
  • Dec 7, 2009 3:19am Dec 7, 2009 3:19am
Quoting Yngwie
long at 1.6330 with small sl 1.6310
This is OK for a litle retracement of price. I preffer trend. I think bears rule.
  • #186,164
  • Dec 7, 2009 3:21am Dec 7, 2009 3:21am
Quoting Pip26
Well done .....

What strategy do u use?
wanna share?????
seriously nuthin.. just S/R, pivot lines and FIB
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #186,165
  • Dec 7, 2009 3:24am Dec 7, 2009 3:24am
What indicated that you should sell at that point yngwie? you hit the very botttom
The greatest force on earth is compound interest.
  • #186,166
  • Dec 7, 2009 3:25am Dec 7, 2009 3:25am
Quoting Yngwie
seriously nuthin.. just S/R, pivot lines and FIB
But you are very much good in that even with tight SL's....

Can you give any snapshot of your chart?
  • #186,167
  • Dec 7, 2009 3:31am Dec 7, 2009 3:31am
dollar index

Missed the train today
Attached Image (click to enlarge)
Click to Enlarge Name: usd.gif Size: 15 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #186,168
  • Dec 7, 2009 3:37am Dec 7, 2009 3:37am
Quoting Pip26
But you are very much good in that even with tight SL's....

Can you give any snapshot of your chart?
later (maybe next 2 hours) i give it to u 1 trade example.. i'm going home now from office.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #186,169
  • Dec 7, 2009 3:38am Dec 7, 2009 3:38am
g/s for long or short now???
  • #186,170
  • Dec 7, 2009 3:41am Dec 7, 2009 3:41am
Quoting Yngwie
later (maybe next 2 hours) i give it to u 1 trade example.. i'm going home now from office.
Ok bro thnx and good luck
  • #186,171
  • Dec 7, 2009 3:45am Dec 7, 2009 3:45am
I went long couple of minutes before, but this is just temporary, I was an expected backtest in my opinion.

I expect 30-50 pips (PA will tell me), but I remain at the BEAR side.
Attached Image (click to enlarge)
Click to Enlarge Name: gu_h1_1207.jpg Size: 164 KB
  • #186,172
  • Dec 7, 2009 3:52am Dec 7, 2009 3:52am
Quoting samdani786
dollar index

Missed the train today
Thinking about going long from here . Lets see if PA give any indication for it
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #186,173
  • Dec 7, 2009 3:57am Dec 7, 2009 3:57am
I think it can touch 1.6270 area that 261.8% of the last swing up from 1.6422 to 1.6512

lets see.
  • #186,174
  • Dec 7, 2009 4:02am Dec 7, 2009 4:02am
Quoting Baby-Trader
I think it can touch 1.6270 area that 261.8% of the last swing up from 1.6422 to 1.6512

lets see.
agree... next TP 1.6270

short @ 1.6491
unless PA shows me diffrent way..
  • #186,175
  • Dec 7, 2009 4:04am Dec 7, 2009 4:04am
Quoting egymedo
g/s for long or short now???
I think short, I have another Sell stop for cable.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 17 KB
  • #186,176
  • Dec 7, 2009 4:36am Dec 7, 2009 4:36am
Quoting Jemmy
short @ 6400
6390 I am out..+10pips
Patience + Discipline =
  • #186,177
  • Edited 4:46am Dec 7, 2009 4:45am | Edited 4:46am
Quoting sebastionay
What methods and indicators are you using there? You seem deadly accurate
The lines are just drawn by myself, just join highs or lows together.

I do use Dolly Graphics with GMACD to help myself with trends but thats mainly on entries and exits on lower timeframes, H1 and H4 are where the lines in the sand are drawn.

Link to Dolly: http://www.forex-tsd.com/dolly/21680-new-dolly.html
  • #186,178
  • Dec 7, 2009 5:00am Dec 7, 2009 5:00am
Quoting sibajnok
I went long couple of minutes before, but this is just temporary, I was an expected backtest in my opinion.

I expect 30-50 pips (PA will tell me), but I remain at the BEAR side.
trade closed in +40pips.

now let's sink like Titanic!
  • #186,179
  • Dec 7, 2009 5:07am Dec 7, 2009 5:07am
Cable will touch 6215
  • #186,180
  • Dec 7, 2009 5:20am Dec 7, 2009 5:20am
as mentioned b4...so far so good....
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