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Cable Update (GBPUSD)

  • #201,161
  • Feb 22, 2010 9:31pm Feb 22, 2010 9:31pm
I meant before the NY Crossover... True.. Lately the Crossover has been going in favor of both longs and shorts. Like Dr D said pick your poison.

Lets see what happens, tonight should be a good one!
Protect your pips! Anything can and will happen.

Good luck to all here @ FF
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #201,162
  • Feb 22, 2010 9:40pm Feb 22, 2010 9:40pm
A little victory music anyone for those of us long and those who are getting ready to trade.

Inserted Video
"Keep your eyes on the helpers" - Mr. Rogers
  • #201,163
  • Feb 22, 2010 9:41pm Feb 22, 2010 9:41pm
Quoting damonl
A little victory music anyone for those of us long and those who are getting ready to trade.

http://www.youtube.com/watch?v=s2YiU...eature=related
There u are...

WB.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #201,164
  • Feb 22, 2010 9:47pm Feb 22, 2010 9:47pm
How about another...nothing like good music while trading.

Inserted Video
"Keep your eyes on the helpers" - Mr. Rogers
  • #201,165
  • Feb 22, 2010 9:47pm Feb 22, 2010 9:47pm
awaiting for confirmation by ema200 @tf30.
it's touching my weekly pivot.
Attached Image
  • #201,166
  • Feb 22, 2010 9:47pm Feb 22, 2010 9:47pm
Quoting digger1
Well traders I am still going to use the bear flag pattern from last week for my direction , I have some longs from Friday eventual target on the charts , I added a few posistions earlier thru the day at last weeks close which was also my daily pivot yesterday , have taken profit on a lot of the ones I added but will see what happens with the rest , cheers all and good trading Attachment
My weekly pivot is 1.5537, I did take some profit on longs just below this level ,
  • #201,167
  • Feb 22, 2010 9:48pm Feb 22, 2010 9:48pm
Quoting Magix
There u are...

WB.
Hey Magix...been a while..lots of time out of town and just life stuff. Sometimes I just like to take a forum break ya know.

How have you been? Hope your trading has been going well....
"Keep your eyes on the helpers" - Mr. Rogers
  • #201,168
  • Feb 22, 2010 9:53pm Feb 22, 2010 9:53pm
Quoting damonl
Hey Magix...been a while..lots of time out of town and just life stuff. Sometimes I just like to take a forum break ya know.

How have you been? Hope your trading has been going well....
You know me mango, fingers crossed and flying by the seat of my pants.

Was worried for ya, hadn't seen ya around in a while.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #201,169
  • Feb 22, 2010 9:55pm Feb 22, 2010 9:55pm
Quoting Magix
You know me mango, fingers crossed and flying by the seat of my pants.

Was worried for ya, hadn't seen ya around in a while.
All good, actually took 3 weeks off to help a buddy get his new rental ready out of town, so that was hard to trade then..didn't want to really, but he is a buddy. Then other weekend stuff, but all is well here and the trading account is growing nicely.
"Keep your eyes on the helpers" - Mr. Rogers
  • #201,170
  • Feb 22, 2010 9:58pm Feb 22, 2010 9:58pm
Quoting damonl
All good, actually took 3 weeks off to help a buddy get his new rental ready out of town, so that was hard to trade then..didn't want to really, but he is a buddy. Then other weekend stuff, but all is well here and the trading account is growing nicely.
I have a bumper sticker on my truck, it reads....
"Yeah, it's my truck, and No, I don't want to help you move"
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #201,171
  • Feb 22, 2010 9:59pm Feb 22, 2010 9:59pm
Okay..last one .... LOL

Inserted Video
"Keep your eyes on the helpers" - Mr. Rogers
  • #201,172
  • Feb 22, 2010 10:00pm Feb 22, 2010 10:00pm
Quoting Magix
I have a bumper sticker on my truck, it reads....
"Yeah, it's my truck, and No, I don't want to help you move"


hahahaha...yeah, know the feeling LOL
"Keep your eyes on the helpers" - Mr. Rogers
  • #201,173
  • Feb 22, 2010 10:11pm Feb 22, 2010 10:11pm
Well..happy trading everyone..off to bed. Should be getting up on about 5 hours to trade some more.

Green pips everyone
"Keep your eyes on the helpers" - Mr. Rogers
  • #201,174
  • Feb 22, 2010 10:20pm Feb 22, 2010 10:20pm
you know damonl, in my place, if some friends still talking about some one (mostly their friend too, but not present in that place that time) and than while they are still talking he/she came...,we will together say "LONG LIFE"....
i hope you too..,long and have a happy life...
I will be the number one Manager.
  • #201,175
  • Feb 22, 2010 10:22pm Feb 22, 2010 10:22pm
Price will either pull the EMA's together which builds
energy for the next move or will push them apart
until they are so extended that they spring back.

As the larger TF's have reached separation, paused
and go into consolidation we now see the lower TF's
assist in this process, having gathered, formed
compression patterns and released to assist the
next higher TF to gather and so on.

At some point one of these TF's will spoil the party,
release and separate in the opposite direction to
continue the former downward movement. Just follow
the compression and release and separation on the
various TF's because that my friends is following the trend.

The 30m and 1h may be next. The Magix grey dotted is
200ema, something always to reckon with on every TF.

Dr. D.
Attached Images
  • #201,176
  • Feb 22, 2010 10:38pm Feb 22, 2010 10:38pm
Quoting fourxtrader
Price will either pull the EMA's together which builds
energy for the next move or will push them apart
until they are so extended that they spring back.

As the larger TF's have reached separation, paused
and go into consolidation we now see the lower TF's
assist in [i][color=blue]this process,...


DR D, if it is move up a little more, so the dot ema (high) will down, and the other ema's will up...,and that time all ema's will complete come together..., is that Dr D?
I will be the number one Manager.
  • #201,177
  • Feb 22, 2010 11:17pm Feb 22, 2010 11:17pm
Quoting manize
Current crucial area is 1.5488 - 1.5506, goes beyond will be interesting, held above 1.5506 goes north, held below 1.5488 goes south. Imho says more goes north than south ! 3 previous daily candle were bullish --> will be a significant upward pressure perhap but may go down 1st 1.4415 (S2)/1.4457(S1) !
Seems like no need reversed down 1st to continue move up ! --> :nerd:1.5587 - 1.5594 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #201,178
  • Feb 22, 2010 11:35pm Feb 22, 2010 11:35pm
sell 1.5568 will add if reach 1.5590-6000 Sl 1.5620
  • #201,179
  • Feb 22, 2010 11:41pm Feb 22, 2010 11:41pm
Quoting wormboy
Chart:
1. http://www.forexfactory.com/showpost...stcount=200756


Welp, that formation stood & temporarily I will call it a bottom for at least a retracement, so I will hold on to my long positions which I reckon was bought at a very good price. And judging from how everytime cable manage to retrace back to 50% of the fall since 19th of January you'd have to forgive me to think this time it won't be different. I will take my chances.
The 50% from this last drop is priced @5570 level, so let's see how this...
Nice short squeeze. Perfect retrace to the pip @5570
So where do we go from here? Don't know, don't care. Trades are partially booked with the remaining left on the table locked in green. Trend is your friend they said, so I'm staying in this trend for a while longer to see what happens from here on.
Good luck to all.

Chart:
1. http://www.forexfactory.com/showpost...stcount=200889

2.http://www.forexfactory.com/showpost...stcount=201051
Attached Image (click to enlarge)
Click to Enlarge Name: guh4b.JPG Size: 71 KB
Thank You
  • #201,180
  • Feb 22, 2010 11:48pm Feb 22, 2010 11:48pm
Quoting Bull_Bear
Buy 1.5379.. SL.. 1.5320.. TP.. 1.5520

Testing the validity of this level.
TP hit a bit early but a win is a win...

+141 pips

Sell 1.5560.. SL.. 1.5590 TP.. 1.5520
Veni, Vidi, Vici (We came, we saw, we conquered)
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