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Cable Update (GBPUSD)

  • #200,301
  • Feb 17, 2010 5:34pm Feb 17, 2010 5:34pm
Pound sterling it is more likely to go down to around 624
  • #200,302
  • Feb 17, 2010 5:43pm Feb 17, 2010 5:43pm
I keep my long position with SL @1.5625, my initial TP @1.5815

The decision is made according to Fibo+Elliott theories.
  • #200,303
  • Feb 17, 2010 6:11pm Feb 17, 2010 6:11pm
Quoting John D
Don't shoot the messenger but a bearish butterfly has formed on the one hour chart.

Attachment

JD
It's only human nature. Patterns are called such because they repeat thus a pattern. Hope you where in this one, nice pipage!
It's Easy To Get In;.. It's Hard To Get Out
  • #200,304
  • Feb 17, 2010 6:24pm Feb 17, 2010 6:24pm
Maybe it's just me but those Butterfly and Gartley patterns seem more like Rorschach tests to me. I think people do the same with H&S patterns too.



Quoting John D
It's only human nature. Patterns are called such because they repeat thus a pattern. Hope you where in this one, nice pipage!
  • #200,305
  • Edited 10:25pm Feb 17, 2010 7:09pm | Edited 10:25pm
Quoting John D
It's only human nature. Patterns are called such because they repeat thus a pattern. Hope you where in this one, nice pipage!
looks so happy...got so many green pips John? you know yesterday actually i'm so serious with my post chart..., i draw like that to make it more fun..., don't get some stress here john, people are fighting every where all the time..., especially when egoistic meet temperamental...

i've close my short last night, cos the down move look like so weird (weird for me i mean, maybe not for other),,,high probability she continue her down today...,(or not, i don't know)...,but overall happy green pips ...,and remember, don't follow the fighting ...,that senior business...
I will be the number one Manager.
  • #200,306
  • Feb 17, 2010 7:25pm Feb 17, 2010 7:25pm
Just 30 pips left between the current price and installed SL level. I hope the wave count pattern I made and was following with you during several days won’t be false and the cable won’t break through SL.
My point of view is supported with the Stochastic indicator at 4 Hour TF, both lines just have touched 20 level.

The chart, visually describing this post, is available through the link lower, in the signature.
  • #200,307
  • Feb 17, 2010 7:45pm Feb 17, 2010 7:45pm
Hi ALL,

I found JIMMY YOUNG Rules, as The BEST Leader in FX Trading training (with 20+ years of experience) :

http://www.eurusdtrader.com/

Hopefully useful...

Cheers
Attached File(s)
File Type: pdf 45 Ways to Avoid Losing Money Trading FOREX.pdf   61 KB | 654 downloads
Always looking the GREAT, never left GOOD Point...
  • #200,308
  • Feb 17, 2010 7:53pm Feb 17, 2010 7:53pm
Quoting kill56
smell war easy guys u all are great who dos not make mistakes i did post this pic yesterday and here its have fun
don't know why i've just open long posision @ 5656.....,that's your number kill, so it's also your responsibility if i lose... hihihi ..., i hope she is fine this morning..., how about you kill? busy with the kids and wifesssss so you don't have time to see this thread? that's the problem having so much..., 1 is enough...
I will be the number one Manager.
  • #200,309
  • Feb 17, 2010 7:56pm Feb 17, 2010 7:56pm
Quoting Tsar
Hi ALL,

I found JIMMY YOUNG Rules, as The BEST Leader in FX Trading training (with 20+ years of experience) :

http://www.eurusdtrader.com/

Hopefully useful...

Cheers

thanks tsar
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #200,310
  • Feb 17, 2010 7:59pm Feb 17, 2010 7:59pm
Quoting javapips
don't know why i've just open long posision @ 5656.....,that's your number kill, so it's also your responsibility if i lose... hihihi ..., i hope she is fine this morning..., how about you kill? busy with the kids and wifesssss so you don't have time to see this thread? that's the problem having so much..., 1 is enough...
watch that trade close , could get ugly in a hurry
  • #200,311
  • Feb 17, 2010 8:04pm Feb 17, 2010 8:04pm
are you all here realize that we just lose some post again?

hemmm...,FF don't have to much hardisk space again maybe...,
I will be the number one Manager.
  • #200,312
  • Feb 17, 2010 8:18pm Feb 17, 2010 8:18pm
My scenario is still actual. The price started to rise, while Stochastic lines are at the bottom (4 hour timeframe) - cable did manage to hold 1.563 level.
  • #200,313
  • Feb 17, 2010 8:31pm Feb 17, 2010 8:31pm
Quoting digger1
watch that trade close , could get ugly in a hurry
yes..., she's break my line and i hours close right in that line..,
so scare too have long position when see this chart...,
i close long -5 pips...,
thanks dig...
I will be the number one Manager.
  • #200,314
  • Feb 17, 2010 8:44pm Feb 17, 2010 8:44pm
Quoting javapips
yes..., she's break my line and i hours close right in that line..,
so scare too have long position when see this chart...,
i close long -5 pips...,
thanks dig...
lol, no problem java, suprised it didnt shoot up 50 pips after I said that usually when I post something I jinx my self ha ha ,
  • #200,315
  • Feb 17, 2010 10:12pm Feb 17, 2010 10:12pm
Quoting Tovinces
I keep my long position with SL @1.5625, my initial TP @1.5815

The decision is made according to Fibo+Elliott theories.
at least i'm not alone......
  • #200,316
  • Feb 17, 2010 10:12pm Feb 17, 2010 10:12pm
Quoting Jemmy
D-4 ~ BULLS 3 : 4 BEARS
D-3 ~ BULLS 3 : 4 BEARS
D-2 ~ BULLS 3 : 4 BEARS
D-1 ~ BULLS 3 : 4 BEARS
today ~ BULLS 3 : 4 BEARS
slowly progress by the bulls..
bulls will losing momentum if not moving 100-200pips in 1 or 2 days..
Attachment
D-4 ~ BULLS 3 : 4 BEARS
D-3 ~ BULLS 3 : 4 BEARS
D-2 ~ BULLS 3 : 4 BEARS
D-1 ~ BULLS 3 : 4 BEARS
today ~ BULLS 2 : 5 BEARS
looks like bears awaken from hibernating..
need more time to confirm..
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-02-18_score.jpg Size: 94 KB
Patience + Discipline =
  • #200,317
  • Feb 17, 2010 10:50pm Feb 17, 2010 10:50pm
For those longing, cut loss & REVERSE.

1.5490 will be seen tomorrow
  • #200,318
  • Feb 17, 2010 11:34pm Feb 17, 2010 11:34pm
Risk appetite was clearly back, yesterday (or the day before now, during NY sess. ) We all saw and hopefully traded on Cable +100 pips.

Today the Greenback wiped out most of that long position. On some "better than expected" news and FOMC help. The Euro has been saved several times from Free-fall... by the big boys.

Gold and the USD are decoupling. Things are different these days.
Yet the US president defends a Multi Billion dollar expenditure, "for the economy and jobs" but agrees unemployment will be high for the next 2 years.....

However If I have learned anything, I see possible hidden
Bullish divergence forming on cable, (Look @ H4) Higher Highs, Higher lows, with for the past 2+ days 100 pip range in mostly one direction depending on your tf.

Thus I will be long from 5650 with appx 25/30 pip SL, targeting 5700 area first. If I am wrong. then I lose 25 pips.
so be it.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #200,319
  • Feb 17, 2010 11:45pm Feb 17, 2010 11:45pm
I've got 2 long trades for GU.

0.44 lot at 1.5670 TP 1.5740
0.10 lot at 1.56601 TP 1.56950

Here's to the bulls...
  • #200,320
  • Feb 17, 2010 11:56pm Feb 17, 2010 11:56pm
Quoting XTrade
Risk appetite was clearly back, yesterday (or the day before now, during NY sess. ) We all saw and hopefully traded on Cable +100 pips.

Today the Greenback wiped out most of that long position. On some "better than expected" news and FOMC help. The Euro has been saved several times from Free-fall... by the big boys.

Gold and the USD are decoupling. Things are different these days.
Yet the US president defends a Multi Billion dollar expenditure, "for the economy and jobs" but agrees unemployment will be high for the next 2 years........
Same here just took a long at 1.5655
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