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Cable Update (GBPUSD)

  • #194,261
  • Jan 19, 2010 9:28am Jan 19, 2010 9:28am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
You have the wisdom and gift of patience, all the qualities of an astute trader!
Once again, well done GM.



Quoting GlobalMacro
Alright...here we go...

Looks like price is exhausted after running a 8-day non-stop rally as evident by the pin bar on the daily


I am exiting my long position here @ 1.6378
and taking profits of 423 pips!


My Position Now Is F L A T !
  • #194,262
  • Jan 19, 2010 9:30am Jan 19, 2010 9:30am
Quoting GlobalMacro
Alright...here we go...

Looks like price is exhausted after running a 8-day non-stop rally as evident by the pin bar on the daily


I am exiting my long position here @ 1.6378
and taking profits of 423 pips!


My Position Now Is F L A T !
As always
BTW i many times post reply to your post but seems u busy ,Any way well done again bro
  • #194,263
  • Jan 19, 2010 9:32am Jan 19, 2010 9:32am
Congrats GlobalM!
A pip is only worth it if you know how much you risked to earn it
  • #194,264
  • Jan 19, 2010 9:35am Jan 19, 2010 9:35am
Quoting GlobalMacro
Alright...here we go...

Looks like price is exhausted after running a 8-day non-stop rally as evident by the pin bar on the daily


I am exiting my long position here @ 1.6378
and taking profits of 423 pips!


My Position Now Is F L A T !
Hi GM, you're the GREATEST !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #194,265
  • Jan 19, 2010 9:38am Jan 19, 2010 9:38am
Quoting GlobalMacro
Alright...here we go...

Looks like price is exhausted after running a 8-day non-stop rally as evident by the pin bar on the daily


I am exiting my long position here @ 1.6378
and taking profits of 423 pips!


My Position Now Is F L A T !

GM,
I vote you as man of the match in January 2010..

the master has out, now the newbies in..
Patience + Discipline =
  • #194,266
  • Jan 19, 2010 9:49am Jan 19, 2010 9:49am
Good morning Traders!

I see we took a bit of a fall last night, again back to H4 24SMA, top left chart. As of current, it still seems to be holding, but we are still short of full confirmation for a run back at top on the H1, top right, the M30, bottom left, but are so far in the good graces of the M15, bottom right.

I will wait until I see if we clear the 2 confirmation zones, H1, M30, and look for a long side trade again...Failing those, will wait to see if H4 24SMA gets challanged.

Good luck on the rest of the day.
Attached Image (click to enlarge)
Click to Enlarge Name: sr.jpg Size: 223 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #194,267
  • Jan 19, 2010 9:50am Jan 19, 2010 9:50am
Quoting GlobalMacro
Alright...here we go...

Looks like price is exhausted after running a 8-day non-stop rally as evident by the pin bar on the daily


I am exiting my long position here @ 1.6378
and taking profits of 423 pips!


My Position Now Is F L A T !
I think you took good position but close very bad your position...I will save this link to my comp,you closed on 420 pips profit i think you can holding your position for 800,900 pips...

Anyway good job
"Buy on fear, sell on greed !!!
  • #194,268
  • Jan 19, 2010 9:52am Jan 19, 2010 9:52am
Quoting GlobalMacro
Alright...here we go...

Looks like price is exhausted after running a 8-day non-stop rally as evident by the pin bar on the daily


I am exiting my long position here @ 1.6378
and taking profits of 423 pips!


My Position Now Is F L A T !


well done bro..waiting for your next move to follow
  • #194,269
  • Jan 19, 2010 9:58am Jan 19, 2010 9:58am
Quoting GlobalMacro
Alright...here we go...

Looks like price is exhausted after running a 8-day non-stop rally as evident by the pin bar on the daily


I am exiting my long position here @ 1.6378
and taking profits of 423 pips!


My Position Now Is F L A T !

Well done GM
but it is only 423 pips from Dec 23, 2009 5:29pm to Jan 19 2010. it means 27 days to make 423 pips. with avg 16 pips/day.

Is that your target ?
  • #194,270
  • Jan 19, 2010 10:01am Jan 19, 2010 10:01am
Beter solution for Global Macro >
Attached Image
"Buy on fear, sell on greed !!!
  • #194,271
  • Jan 19, 2010 10:10am Jan 19, 2010 10:10am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
And I am going to remember this post and BOW to you when price reach 1.68 from here as per your prediction!

Agreed ?

ta
ams



Quoting Petar_Serbia
I think you took good position but close very bad your position...I will save this link to my comp,you closed on 420 pips profit i think you can holding your position for 800,900 pips...

Anyway good job
  • #194,272
  • Jan 19, 2010 10:12am Jan 19, 2010 10:12am
Quoting Petar_Serbia
Beter solution for Global Macro >
Dunno bout that just yet, and even if that was the case, there might still be a better buy.

The H4 OSMA is losing support, could see sub-zero. If that is the case, we could easily challange the 55EMA and see price fall back to 1.6218.

If with enough steam, longer term charts could take effect, where MACD on weekly takes a nose dive below the zero line, and we see 1.53 area.

Really, we are at critical mass here....higher highs are possible, but tanking from here, losing weekly support means we got a lotta basement to dig.
Attached Image (click to enlarge)
Click to Enlarge Name: guh4.jpg Size: 103 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #194,273
  • Jan 19, 2010 10:14am Jan 19, 2010 10:14am
Quoting ams
And I am going to remember this post and BOW to you when price reach 1.68 from here as per your prediction!

Agreed ?

ta
ams
Corect my friend
"Buy on fear, sell on greed !!!
  • #194,274
  • Jan 19, 2010 10:16am Jan 19, 2010 10:16am
Quoting Magix
Dunno bout that just yet, and even if that was the case, there might still be a better buy.

The H4 OSMA is losing support, could see sub-zero. If that is the case, we could easily challange the 55EMA and see price fall back to 1.6218.

If with enough steam, longer term charts could take effect, where MACD on weekly takes a nose dive below the zero line, and we see 1.53 area.

Really, we are at critical mass here....higher highs are possible, but tanking from here, losing weekly support means we got a lotta basement to dig.
Tnx Magix for advice,but i took every retrace from my lines and good trend...In this trade risk just 2 % on balance......I have win ration about 80 %...


Cheers
"Buy on fear, sell on greed !!!
  • #194,275
  • Jan 19, 2010 10:17am Jan 19, 2010 10:17am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Cool buddy so 63500 it is and "I do not want to see 62" before going to 68 as 1.68 will be there someday on cable



Quoting Petar_Serbia
Corect my friend
  • #194,276
  • Jan 19, 2010 10:17am Jan 19, 2010 10:17am
Quoting Baby-Trader
Well done GM
but it is only 423 pips from Dec 23, 2009 5:29pm to Jan 19 2010. it means 27 days to make 423 pips. with avg 16 pips/day.

Is that your target ?
I think we must measure it by gain/effort ratio..

GM trade long term that maybe he couldn't monitor everyday and only spent little time for the trade..

In contrast with other that spent all day time watching bulls & bears fight,
when the bulls win "Go bulls Go" and bla bla bla..
Patience + Discipline =
  • #194,277
  • Jan 19, 2010 10:18am Jan 19, 2010 10:18am
Quoting Petar_Serbia
I think you took good position but close very bad your position...I will save this link to my comp,you closed on 420 pips profit i think you can holding your position for 800,900 pips...

Anyway good job

just like eu going to new high this year ?



look at gu daily .... see the inverted cup and handle ?

now go look dx daily ...see the bull flag ? 78 is a break out of that flag

IF and only if the 1.64xx level is high for this week we now have 3 x lower highs on weekly....top is forming much like 2007 , mid q2 is when the larger drop may happen if it is going to happen

gu today is pin bar ... break below 1.6300 next session confirms the pin bar

I have been both long and short intraday on gu , eu i am only selling rallies and holding for break 1.4260 , that happens 1,4000 on the cards
Blogging daily now at www.volume.zone
  • #194,278
  • Jan 19, 2010 10:18am Jan 19, 2010 10:18am
Good grief....thats been a bumpy ride up and down.... Relief..............
  • #194,279
  • Jan 19, 2010 10:20am Jan 19, 2010 10:20am
Quoting Baby-Trader
Well done GM
but it is only 423 pips from Dec 23, 2009 5:29pm to Jan 19 2010. it means 27 days to make 423 pips. with avg 16 pips/day.

Is that your target ?
well being that most in here are millionaires ....this does not seem a lot.

My dec rocked with 1400 pip , Jan i have only got 300 pip. So would i be happy with 423 pips one trade , not having to worry about it ... you bet I would.

the more you trade the more chances are you lose.

one trade of 423 pips is awesome in my books
Blogging daily now at www.volume.zone
  • #194,280
  • Jan 19, 2010 10:26am Jan 19, 2010 10:26am
Quoting malcolmb14
just like eu going to new high this year ?



look at gu daily .... see the inverted cup and handle ?

now go look dx daily ...see the bull flag ? 78 is a break out of that flag

IF and only if the 1.64xx level is high for this week we now have 3 x lower highs on weekly....top is forming much like 2007 , mid q2 is when the larger drop may happen if it is going to happen

gu today is pin bar ... break below 1.6300 next session confirms the pin bar

I have been both long and short intraday...
Why lol my friend ? I just try to help man and if you dont think same as i think its ok...I said maybe new high this or next year,becouse i see good buy signal on week chart...
"Buy on fear, sell on greed !!!
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