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Cable Update (GBPUSD)

  • #195,621
  • Jan 25, 2010 4:20am Jan 25, 2010 4:20am
Seems like reluctant to go more higher, I've closed + 27 pips at R2 ( 1.6160) !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,622
  • Jan 25, 2010 4:22am Jan 25, 2010 4:22am
Quoting wormboy
Hi manize how's it going
You don't need to reconsider anything bro, you scalp like a machine
Watch out for the descending utl @6195 level bro, close above that, cable will fly, else, get your goggles ready, we dive again

Good luck to you too!
Already closed bro, still have many chances to entry again ! Thinking reversed sold now, started from 1.6185 (R3) if reaches. Thank for advice !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,623
  • Jan 25, 2010 4:23am Jan 25, 2010 4:23am
Quoting Bull_Bear
Yeah one liner clowns, alot of those around here... LOL

Yeah mate trading hard nowdays..... holding cable only now, still looking for positions on other pairs. Dragon has served me well last week with the 146.00 drop
Good stuff bro
Dragon trade was really good no doubt.
Guess where it stopped :
1. http://www.forexfactory.com/showpost...postcount=4427

Like clockwork
Thank You
  • #195,624
  • Jan 25, 2010 4:28am Jan 25, 2010 4:28am
Quoting wormboy
Good stuff bro
Dragon trade was really good no doubt.
Guess where it stopped :
1. http://www.forexfactory.com/showpost...postcount=4427

Like clockwork
Bang on bro
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #195,625
  • Jan 25, 2010 4:30am Jan 25, 2010 4:30am
Quoting javajames
Hi guys,

I've seen GM is bullish and I usually don't like to be on the other side....

Here is my analysis based as usual on Ichimoku....and we have a very unusual set-up....on daily

1) PA is below kumo (cloud)
2) Tenkan (yellow) is above Kijun (magenta)
3) Kijun is below Ema (green)

What is unusual, is the Tenkan position.....before an important upmove it's always below Kijun....

So what....for me it means clearly we are still in a downtrend and currently we have a retracement which may hit low line of kumo @1.6250 .....on its highest....and...
Ive got the same reading on my chat ok

depend where you got in it did go passed resistance level 1 on a day pivot point but the big trend is down

william 7% says its over sold and can has a lot of space to go up
rsi is below 50 but nearly touching?

whats the aim here a day trade or weekly?

its in the cloud not great and parsbolic star is down mmmmmmmm?

not a strong buy i thing if your just going off a doji

what support you looking at an S3 ? S2 monthly ? weekly?
  • #195,626
  • Jan 25, 2010 4:34am Jan 25, 2010 4:34am
Hi there,

Well after the beauty on Friday, cable is really dragging her feet, I am currently on a long, but am starting to lose faith in the move, was hoping for a pullback to around the 162 area, but have been in for the last 3 hours with a lousy 20 pips to show for it!

I have pulled my stop up to BE because if she does head south I am concerned that my stop at 16070 may go, so rather not risk it, now its a free trade, if she doesnt break the current high soon, I may pull out.

Best of luck!
  • #195,627
  • Jan 25, 2010 4:34am Jan 25, 2010 4:34am
BB are you still holdhng it from .613? Do you think entering short arround .61185 is o.k. Or rather wait if it holds .62?
I am back. Actually, I never left...
  • #195,628
  • Jan 25, 2010 4:35am Jan 25, 2010 4:35am
Quoting manize
Seems like reluctant to go more higher, I've closed + 27 pips at R2 ( 1.6160) !
congrat Bang...,i've got 'my 1 pip'....,
I will be the number one Manager.
  • #195,629
  • Jan 25, 2010 4:38am Jan 25, 2010 4:38am
Quoting antic81
Hi there,

Well after the beauty on Friday, cable is really dragging her feet, I am currently on a long, but am starting to lose faith in the move, was hoping for a pullback to around the 162 area, but have been in for the last 3 hours with a lousy 20 pips to show for it!

I have pulled my stop up to BE because if she does head south I am concerned that my stop at 16070 may go, so rather not risk it, now its a free trade, if she doesnt break the current high soon, I may pull out.

Best of luck!
Finally!!

Heading north again, lets hope she shows some conviction.
  • #195,630
  • Jan 25, 2010 4:40am Jan 25, 2010 4:40am
ok passed resistance level 2 day pivot mmmmm

fairly interested now wish i had a day trade for 50 pips i guess

could it be any more ?????

if so why?
  • #195,631
  • Jan 25, 2010 4:43am Jan 25, 2010 4:43am
Quoting javapips
congrat Bang...,i've got 'my 1 pip'....,
dont think it will go any higher in the week now its touched R2 level?
  • #195,632
  • Edited 5:04am Jan 25, 2010 4:44am | Edited 5:04am
Quoting javapips
congrat Bang...,i've got 'my 1 pip'....,
Monday habit as I've known sofar ---> go first pass or stop exactly at S3 (1.6044)/R3(1.6185) then reversed cross the DP ( 1.6113) untill at least S3/R3. Currently she goes to R3 (1.6185) may break it then we are ready to fasten seat belt ! If unable touches R3, I may go short surrounding R2 ( 1.6160). I maybe wrong ! Let us what happened next !

Anyway good luck for hold short !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,633
  • Jan 25, 2010 4:46am Jan 25, 2010 4:46am
Quoting Bull_Bear
I know and see what u mean, understanding which levels has more signifigance is the key in this game. Unfortunately one has to determine this before hand which is subjective to one's self. Hence some hit the mark and others don't, 1.6220 is the 38.2% retarce form 1.6456 to 1.6075.

Now for the dwonward draft to remain strong 1.6220 must hold for it to have enough firing power to break the upward sloping TL, anything above up to the 50% dilutes the probability of continued momentum, but of course this is again subjective to my style.

Nope !

So Sorry , Looks Like U Didn't Get What I Exactly Meant !

I Didn't Mean Levels !

* Never Trust To Any Indicator *
  • #195,634
  • Jan 25, 2010 4:47am Jan 25, 2010 4:47am
Quoting taragula
BB are you still holdhng it from .613? Do you think entering short arround .61185 is o.k. Or rather wait if it holds .62?
Quoting Bull_Bear
TP missed my 5pips, Close manually at 1.6130... +121pips

reverse buy 1.6130... SL.. 1.6070.. TP.. 1.6220
Thats my plan...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #195,635
  • Jan 25, 2010 4:48am Jan 25, 2010 4:48am
Quoting swano
Ive got the same reading on my chat ok


what support you looking at an S3 ? S2 monthly ? weekly?
My trading is based on daily....with H4 and weekly consideration.....and VSA on M30....I don't use anything else

I never trade against trend.....only if I believe in weekly trend reverse.....not now.....

So to-day I'll use only sell stop basezd on VSA

Hope it helps.....
Non licet omnibus adire Corinthum
  • #195,636
  • Jan 25, 2010 4:50am Jan 25, 2010 4:50am
It would seem that I may have spoken too soon!
  • #195,637
  • Jan 25, 2010 5:01am Jan 25, 2010 5:01am
Quoting Shad
Nope !

So Sorry , Looks Like U Didn't Get What I Exactly Meant !

I Didn't Mean Levels !


I give u a bit of day of light cos there's only a handful of girls dwelling here, that actually has a go

Please enlighten me... Shad
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #195,638
  • Jan 25, 2010 5:02am Jan 25, 2010 5:02am
will people be thinking of a sell position now that it hit R2 at such an early hour?
  • #195,639
  • Jan 25, 2010 5:20am Jan 25, 2010 5:20am
cool trade thou for thous that got it
  • #195,640
  • Jan 25, 2010 5:25am Jan 25, 2010 5:25am
This is difficult to trade, I would be suprised to see anyone still trading LONG at this point.............. watch it the BEAR'S are setting UP a TRAP. i have short @ 1.6164 SHORT G/U T.P 1.6040. A BULL BOUNCE TOMORROW, WOULD TAKE IT DOWN FROM THERE FOR ANOTHER 800-1000PIPS SHORT......... U BELIEVE ME OR NOT WATCH IT DO ITS THING.........
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