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Cable Update (GBPUSD)

  • #195,121
  • Jan 21, 2010 7:49pm Jan 21, 2010 7:49pm
Quoting fourxtrader
Hmmmm, I was just about to say to Damonl... "go talk to Turveyd
if you want some 1m advise."

Dr. D.

Great minds think alike
"Keep your eyes on the helpers" - Mr. Rogers
  • #195,122
  • Jan 21, 2010 7:51pm Jan 21, 2010 7:51pm
Quoting Magix
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.


Thanks bro..it worked last night, but I like not to press my luck
"Keep your eyes on the helpers" - Mr. Rogers
  • #195,123
  • Jan 21, 2010 7:54pm Jan 21, 2010 7:54pm
Quoting malcolmb14
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
Never tried futures, but one step at a time. Still would like to be a better long term trader. It just seems so much harder. I am sure the rules are the same as on the 1M, but for some reason it is hard for me. I'll keep trying though
"Keep your eyes on the helpers" - Mr. Rogers
  • #195,124
  • Jan 21, 2010 8:05pm Jan 21, 2010 8:05pm
I like a short here to see if it will drop
down through this compression zone,
with 10-20 pips upward to breath and
pull the EMAs tighter together.

Dr. D.
Attached Image
  • #195,125
  • Jan 21, 2010 8:33pm Jan 21, 2010 8:33pm
Quoting fourxtrader
I like a short here to see if it will drop
down through this compression zone,
with 10-20 pips upward to breath and
pull the EMAs tighter together.

Dr. D.
Love it when those MA's compress.....the best time to trade IMHO
"Keep your eyes on the helpers" - Mr. Rogers
  • #195,126
  • Jan 21, 2010 8:39pm Jan 21, 2010 8:39pm
See you guys....please keep posting your long range charts...I look at every one. I will do the same.


TP on my last short, but I had a long day and so I am out. May be around tomorrow NY.

Not bragging, but it makes me feel good.

Green pips everyone . I wish everyone the same success and I hope mine continues. I really do.

Attached Image (click to enlarge)
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"Keep your eyes on the helpers" - Mr. Rogers
  • #195,127
  • Jan 21, 2010 8:49pm Jan 21, 2010 8:49pm
Guys,

I just wanted to post up real quick and introduce myself. My name's Donnie, I usually follow the EUR/USD thread constantly...I'm getting more comfortable so I'm going to start trading a few other pairs as often as I can.

Anyway, this is the main other thread that I follow so I just wanted to say what's up.

Donnie
  • #195,128
  • Jan 21, 2010 8:51pm Jan 21, 2010 8:51pm
Oh, can I be first...

We are stuck in a Wedge on the hourly.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #195,129
  • Jan 21, 2010 8:53pm Jan 21, 2010 8:53pm
Quoting uraceulose
Guys,

I just wanted to post up real quick and introduce myself. My name's Donnie, I usually follow the EUR/USD thread constantly...I'm getting more comfortable so I'm going to start trading a few other pairs as often as I can.

Anyway, this is the main other thread that I follow so I just wanted to say what's up.

Donnie

Hi Donnie, and Welcome!

I'm Magix, and I am an alcoho.....wait a second...it's not Tuesday....

Uh....

Feeling a little sheepish....

uh....

Welcome Donnie!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #195,130
  • Jan 21, 2010 8:55pm Jan 21, 2010 8:55pm
Quoting damonl
Love it when those MA's compress.....the best time to trade IMHO
Primed for a move... with 7 of 9 EMA's
crunched together within 1 pip of each other.

I'm wishing down right thru the center of
the pack produces the maximum explosion.

Dr. D.
Attached Image
  • #195,131
  • Jan 21, 2010 8:57pm Jan 21, 2010 8:57pm
159 here we come
Its all in the mind.
  • #195,132
  • Jan 21, 2010 8:57pm Jan 21, 2010 8:57pm
Quoting Magix
Oh, can I be first...

We are stuck in a Wedge on the hourly.
Yes
and i get tiered plz wake me up when it break 6140
  • #195,133
  • Jan 21, 2010 9:05pm Jan 21, 2010 9:05pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 18 KB




it's look like short still have a change, GU will be retest on 1.6241 if she can't break GU downward to 1.6132 again.... good luck guys...

have a nice trade guys
  • #195,134
  • Jan 21, 2010 9:08pm Jan 21, 2010 9:08pm
Quoting damonl
Love it when those MA's compress.....the best time to trade IMHO
If the PA lingers too long in a range above (or below)
the pack, the MA's will begin to separate and the effect
and energy will be lost. Like water on the fuse.... fizzle.

Still watching.

Dr. D.
Attached Image
  • #195,135
  • Jan 21, 2010 9:16pm Jan 21, 2010 9:16pm
Quoting fourxtrader
If the PA lingers too long in a range above (or below)
the pack, the MA's will begin to separate and the effect
and energy will be lost. Like water on the fuse.... fizzle.

Still watching.

Dr. D.
Look forward to your insights...
  • #195,136
  • Jan 21, 2010 9:56pm Jan 21, 2010 9:56pm
Got a support at 6195 (38.2%) and 6165 (23.6%). Went short at 6216 with TP at 6175 and SL at 6245, which is above the resistance of 6240 (61%).
  • #195,137
  • Jan 21, 2010 10:27pm Jan 21, 2010 10:27pm
Quoting Arya323
Got a support at 6195 (38.2%) and 6165 (23.6%). Went short at 6216 with TP at 6175 and SL at 6245, which is above the resistance of 6240 (61%).
good call
  • #195,138
  • Jan 21, 2010 11:23pm Jan 21, 2010 11:23pm
Quoting Jemmy
My score sheet:
D-3 ~ BULLS 5 : 2 BEARS
D-2 ~ BULLS 6 : 1 BEARS
D-1 ~ BULLS 4 : 3 BEARS
D ~ BULLS 4 : 3 BEARS

Conclusion:
Bears made progress with lower high lower low candle, but bulls not yet surrender..
Today wait & see..
waiting for major move..
D-4 ~ BULLS 5 : 2 BEARS
D-3 ~ BULLS 6 : 1 BEARS
D-2 ~ BULLS 4 : 3 BEARS
D-1 ~ BULLS 4 : 3 BEARS
D0 ~ BULLS 4 : 3 BEARS
Conclusion:
Either bulls or bears not yet be the real winner..
Today wait & see..
Attached Image
Patience + Discipline =
  • #195,139
  • Jan 21, 2010 11:28pm Jan 21, 2010 11:28pm
My short term view for cable , right ,wrong or indifferent lol
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  • #195,140
  • Jan 21, 2010 11:36pm Jan 21, 2010 11:36pm
Friday.

I bet :

1. Up 1st, spike at 1.6232/41 or stay at 1.6210 then down across the DP Today 1.6210 untill what level I don't know !

2. Or breaks 1.6232/41 then all the way go long untill what level I don't know !

I obeserve the habit movement on Friday is the option 1 ---> Always across the current DP !

The safe trade is just only in if has already moved beyond 1.6210 - 1.6241 (H4 close/open)
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
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