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Cable Update (GBPUSD)

  • #189,721
  • Dec 29, 2009 4:40am Dec 29, 2009 4:40am
50 Pip in just one hour with very safe trade.
I closed it. hit & run
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  • #189,722
  • Dec 29, 2009 4:42am Dec 29, 2009 4:42am
Morning guys,

This is trade from my Pandoras Box method,as i said yesterday i waiting to broke high or low of box and then go 40 pips plus


Cheers
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"Buy on fear, sell on greed !!!
  • #189,723
  • Dec 29, 2009 4:42am Dec 29, 2009 4:42am
Quoting Baby-Trader
50 Pip in just one hour with very safe trade.
I closed it. hit & run
Very good! One nice pro trade you got , sold right at the top.
"Hate the sin, love the sinner." - Gandhi
  • #189,724
  • Dec 29, 2009 4:44am Dec 29, 2009 4:44am
Hello, I'm quite new on this forum.

Nice trade.
The 1.6000 level has provided a strong support.
Don't you think that if 1.5994 breaks (big resistance yesterday and today's low), we could see a drop towards ~ 1.5950 ?
  • #189,725
  • Dec 29, 2009 4:44am Dec 29, 2009 4:44am
Quoting GlobalMacro
Good Morning,

Well....the long position I've taken @ 1.5955 last Wednesday is developing very nicely

As anticipated, it's looking increasingly like the break below 1.6090 was indeed a bear trap.

Cable trading now @ 1.6055 -- long position up 100 pips


I Will Continue To Carry The Long Position.
Hi GM,

My Target is still 150 as a minimum....have been holding like you for several days now....

Good Luck Matey
Let Price determine your future!
  • #189,726
  • Dec 29, 2009 4:45am Dec 29, 2009 4:45am
Quoting TheGabriel
Very good! One nice pro trade you got
Thanks just still learning.

Don't forgot to send the Volume indicator in your chart, Hah
  • #189,727
  • Dec 29, 2009 4:51am Dec 29, 2009 4:51am
Quoting Baby-Trader
Thanks just still learning.

Don't forgot to send the Volume indicator in your chart, Hah
The author doesn't want his indis to be posted on other forums, i've sent you PM because you're asking
"Hate the sin, love the sinner." - Gandhi
  • #189,728
  • Dec 29, 2009 4:52am Dec 29, 2009 4:52am
Quoting TheGabriel
The author doesn't want his indis to be posted on other forums, i've sent you PM because you're asking
Really Thanks.
  • #189,729
  • Dec 29, 2009 5:05am Dec 29, 2009 5:05am
our bottom today from 1.5948 to 1.5964
  • #189,730
  • Edited 5:24am Dec 29, 2009 5:08am | Edited 5:24am
till now we still above daily pivot which is 1.5980
Want to recall this
http://www.forexfactory.com/showthre...47#post3329347

Daily pivot stopped it for now.
  • #189,731
  • Dec 29, 2009 5:39am Dec 29, 2009 5:39am
I have now loaded up at daily pivot and all stops to all trades on break even..

Why have I gone long ?
I am trading of the DP ie which I consider to be very good support got a beautiful bounce off there as expected..also we have a nice bullish engulfing candle on 15 mins...
Also swing high been achieved mid swing low has been achieved..hence now we should practically range between both of these.

Objective for these trades are 50 pips as a minimum..

All entries have to be taken at extreme figs ie major support and resistance other wise trades are invalid...

Good Luck
GeppyG
Let Price determine your future!
  • #189,732
  • Dec 29, 2009 5:43am Dec 29, 2009 5:43am
Quoting Geppyg
I have now loaded up at daily pivot and all stops to all trades on break even..
GeppyG
You did the right thing.
I didn't catch it.
  • #189,733
  • Dec 29, 2009 5:45am Dec 29, 2009 5:45am
Quoting Baby-Trader
You did the right thing.
I didn't catch it.
Its just patience my friend....

Good Luck
Have a good Day
Let Price determine your future!
  • #189,734
  • Dec 29, 2009 5:52am Dec 29, 2009 5:52am
H4 Becarful
Longs trade with caution
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  • #189,735
  • Dec 29, 2009 6:02am Dec 29, 2009 6:02am
Well It seems like everysingle retracement is being sold today....
As long as it is a no loss day for me I am happy..
Let Price determine your future!
  • #189,736
  • Dec 29, 2009 6:04am Dec 29, 2009 6:04am
i will rather shor at this level or stay out than to go long.reason is my CCI 34 and CCI 55 on 4hrs are both showing goom downside momentum. im holding my position unless they say otherwise. also last 15min candle support the assumption
goodluck with ur trade
  • #189,737
  • Dec 29, 2009 6:08am Dec 29, 2009 6:08am
Quoting Geppyg
Well It seems like everysingle retracement is being sold today....
As long as it is a no loss day for me I am happy..
If you went long @ daily pivot which is 1.5980 so I assumes you made 43 Pip. @ 1.6023. which was hit last 15 mins.
  • #189,738
  • Dec 29, 2009 6:12am Dec 29, 2009 6:12am
if i may dare say this my chart says to short cable. simple analysis the 5 day MA is cutting 10 day MA from top and RSI is below 50. kindly critcise this statment as much as u like so i can learn where i am doing the wrong analysis. thanks.
  • #189,739
  • Dec 29, 2009 6:13am Dec 29, 2009 6:13am
Wormboy,
Please tell me about your bias for the recent PA
  • #189,740
  • Dec 29, 2009 6:13am Dec 29, 2009 6:13am
Quoting Geppyg
I have now loaded up at daily pivot and all stops to all trades on break even..

Why have I gone long ?
I am trading of the DP ie which I consider to be very good support got a beautiful bounce off there as expected..also we have a nice bullish engulfing candle on 15...

Looks we're riding the same boat together bro

Added at the dip. Here's the detail:
1. http://www.forexfactory.com/showpost...postcount=4132

Good luck to us
Thank You
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