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Cable Update (GBPUSD)

  • #195,101
  • Jan 21, 2010 4:27pm Jan 21, 2010 4:27pm
In the past few days we tested the upper fork line in this bearish fork... Any fork trader that took short near 63-6400 is going to want to see the median line hit, which is near 5700.

A nice 700 pip pay day indeed, but Momentum is still positive, on top of that the green schiff fork, suggest that we bounce here off its median line.
Attached Image (click to enlarge)
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  • #195,102
  • Jan 21, 2010 5:29pm Jan 21, 2010 5:29pm
Quoting Privet
This is not for me, but .....
What did I tell you about thinking?
Thank You
  • #195,103
  • Jan 21, 2010 6:18pm Jan 21, 2010 6:18pm
Hey Guys....

Not in a real talkative chart showing mood tonight, so I think I will just trade.

Dammit...sometimes doing what you have to do is not doing the right thing.

Green Pips Everyone
"Keep your eyes on the helpers" - Mr. Rogers
  • #195,104
  • Jan 21, 2010 6:23pm Jan 21, 2010 6:23pm
Quoting Mr Pipster
so i was short @ 1.6408, out at 1.6164.

244 pips

all on S&R and rsi.

2 days in the market and not a bad pay day.

almost same with me....,2 week waiting and i trade only 2 days (and did't sleep yet) ....., but it has been paid...,
and now still waiting for real party...,
I will be the number one Manager.
  • #195,105
  • Jan 21, 2010 6:28pm Jan 21, 2010 6:28pm
Quoting javapips
almost same with me....,2 week waiting and i trade only 2 days (and did't sleep yet) ....., but it has been paid...,
and now still waiting for real party...,
good deal!

However, i have a very active 1 yr old... so i cant remember.... what's sleep?
  • #195,106
  • Jan 21, 2010 6:29pm Jan 21, 2010 6:29pm
Please...

If you want to call me out again, just do it. Smug remarks do no go over very well with me as you could tell.

Thanks....D

Attached Image
"Keep your eyes on the helpers" - Mr. Rogers
  • #195,107
  • Jan 21, 2010 6:37pm Jan 21, 2010 6:37pm
Quoting damonl
Hey Guys....

Not in a real talkative chart showing mood tonight, so I think I will just trade.

Dammit...sometimes doing what you have to do is not doing the right thing.

Green Pips Everyone

oh yeah i forget something....,

thanks you very much Damon...., after see your trading style it's give me an idea to enter the market....,

happy green pips...,
I will be the number one Manager.
  • #195,108
  • Jan 21, 2010 6:44pm Jan 21, 2010 6:44pm
Quoting Mr Pipster
good deal!

However, i have a very active 1 yr old... so i cant remember.... what's sleep?


i mean 'sleep' = go to bed...., (not 'jump' price)

don't to much think about forex buddy....,it will make people an idiot....,


hope the best for you....,
I will be the number one Manager.
  • #195,109
  • Jan 21, 2010 6:52pm Jan 21, 2010 6:52pm
Quoting javapips
oh yeah i forget something....,

thanks you very much Damon...., after see your trading style it's give me an idea to enter the market....,

happy green pips...,
Thanks for the smile tonight my friend...

Still waiting for the move tonight, but so far nothing much but 10 here and 10 there. In fact, the big moves have been more counter trend on the 1M, is that a sign that 1M has a long bias.
"Keep your eyes on the helpers" - Mr. Rogers
  • #195,110
  • Jan 21, 2010 6:57pm Jan 21, 2010 6:57pm
I swear the 1M is trying to flip.

Higher lows, Higher highs..... ready for anything I guess

Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 27 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #195,111
  • Jan 21, 2010 6:58pm Jan 21, 2010 6:58pm
Quoting damonl
Thanks for the smile tonight my friend...

Still waiting for the move tonight, but so far nothing much but 10 here and 10 there. In fact, the big moves have been more counter trend on the 1M, is that a sign that 1M has a long bias.

Move to EJ for this time of night dude, GU's barely moved and EJ over the last hour is has ran up 70pips and some other nice swings.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #195,112
  • Jan 21, 2010 7:00pm Jan 21, 2010 7:00pm
ready for the party room its friday we have a stript;;z show who will blow his account befor get u a condom sorry stop loss
  • #195,113
  • Jan 21, 2010 7:02pm Jan 21, 2010 7:02pm
will asia is down more than 2% tell now the show started
  • #195,114
  • Jan 21, 2010 7:07pm Jan 21, 2010 7:07pm
Quoting Turveyd
Move to EJ for this time of night dude, GU's barely moved and EJ over the last hour is has ran up 70pips and some other nice swings.
Hmmmm, I was just about to say to Damonl... "go talk to Turveyd
if you want some 1m advise."

Dr. D.
  • #195,115
  • Jan 21, 2010 7:09pm Jan 21, 2010 7:09pm
prediction dow will see 10000 then from there mat be back to 8000
  • #195,116
  • Jan 21, 2010 7:15pm Jan 21, 2010 7:15pm
Quoting fourxtrader
Hmmmm, I was just about to say to Damonl... "go talk to Turveyd
if you want some 1m advise."

Dr. D.
1 m chart cracks me up ... i am a day trader and am on gj this evening .

5 min chart good enough one short 90 pip , then back to where it started now short again +40 ....

that is the pair to trade when markets tanking.

Damon should get on the TF futures for scalping 1 min ....they are great on 1144 tick charts
Blogging daily now at www.volume.zone
  • #195,117
  • Jan 21, 2010 7:16pm Jan 21, 2010 7:16pm
I'll get to your posts in a minute..this one may not come back.
"Keep your eyes on the helpers" - Mr. Rogers
  • #195,118
  • Jan 21, 2010 7:36pm Jan 21, 2010 7:36pm
Quoting damonl
I'll get to your posts in a minute..this one may not come back.
2 suggestions...

1. Be cautious, it might be a break out. (Use which ever definition you prefer)
2. Set your market orders and go out for a pizza.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #195,119
  • Jan 21, 2010 7:45pm Jan 21, 2010 7:45pm
Okay, well it did come back. Here is a chart of my exit...

Higher low with a breach of the blue "x". Also took a nice long trade for 10 pips and am now short again.

Asian Breakout is the easiest to trade in my opinion and comes with the shortest timespan for it to happen in.

Here is the chart. Green pips to everyone.

Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 22 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #195,120
  • Jan 21, 2010 7:48pm Jan 21, 2010 7:48pm
Quoting Turveyd
Move to EJ for this time of night dude, GU's barely moved and EJ over the last hour is has ran up 70pips and some other nice swings.

Thanks, will check it out, but I have a problem....my win rate drops considerably when I jump from pair to pair and so I try to stick with just one. EurJpy is a cross pair and so I find it a bit less smooth the GbpUsd, but it actually is my 2nd choice.
"Keep your eyes on the helpers" - Mr. Rogers
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