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Cable Update (GBPUSD)

  • #204,161
  • Mar 8, 2010 8:47am Mar 8, 2010 8:47am
Quoting AlieyFx
it is just around the corner bro..she'll be there..just a matter of time..
How can you be so sure/confident...in any case I hope you are - I am long!
  • #204,162
  • Mar 8, 2010 8:50am Mar 8, 2010 8:50am
Quoting digger1
was hoping to get a nice push thru there but alas a little slow yet today , we have only had an 83 pip range so lots of room on the topside yet if it chooses to go that way
the market is looking for direction
mybe the minipulates are still in a meeting looooool
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #204,163
  • Mar 8, 2010 8:51am Mar 8, 2010 8:51am
Quote
sorry fisher i dont want to interfer with your trade but take this as a suggestion if it goes past 1.5180 put a stoploss @1.5180 and keep you contract running it looks like its going past mid 52

Thanks Mate.

I had entered long at 1.5139 and it has hit SL at B/E. So i am out of this trade with no profit, no loss

At one point it was 30 pips up but the current 15 M long red candle spoiled the show.

Forex is tricky !
  • #204,164
  • Mar 8, 2010 8:52am Mar 8, 2010 8:52am
Quoting blue_z_zz
the market is looking for direction
mybe the minipulates are still in a meeting looooool
ha ha , manipulated it the wrong way , must have hit the wrong button by accident lol
  • #204,165
  • Mar 8, 2010 8:53am Mar 8, 2010 8:53am
we keep bouncing from one side to another ...
we are waaay under daily average so i definitely recommend to put todays support and resistance areas and jump right in it whenever one of areas will be broken ...
  • #204,166
  • Mar 8, 2010 8:55am Mar 8, 2010 8:55am
Once again, i had entered long at 1.5138
  • #204,167
  • Mar 8, 2010 8:55am Mar 8, 2010 8:55am
Quoting kingfisher
Thanks Mate.

I had entered long at 1.5139 and it has hit SL at B/E. So i am out of this trade with no profit, no loss

At one point it was 30 pips up but the current 15 M long red candle spoiled the show.

Forex is tricky !
lol, know the feeling , when day trading never too early to take a profit , chances are the price will get to your entry again , some days you can take the same trade 3 or 4 times, they add up like one big trade lol
  • #204,168
  • Mar 8, 2010 8:57am Mar 8, 2010 8:57am
Quoting kingfisher
Once again, i had entered long at 1.5138
Is this right?
  • #204,169
  • Mar 8, 2010 8:58am Mar 8, 2010 8:58am
In the absense of news as a trigger... there hasn't been
a c-chart on any TF that could support another sizable
move like we saw on Friday in the aftermath of NFP.

Here we have the 5m compression - release on Friday
and again another 5m formation developing. The EMA's
are gathering energy. Watch and see if they tightly
compact for another good move.

Dr. D.
Attached Images
  • #204,170
  • Mar 8, 2010 9:00am Mar 8, 2010 9:00am
Quoting fourxtrader
In the absense of news as a trigger... there hasn't been
a c-chart on any TF that could support another sizable
move like we saw on Friday in the aftermath of NFP.

Here we have the 5m compression - release on Friday
and again [i][color=blue]another 5m formation developing. The...
thanx Dr D
  • #204,171
  • Mar 8, 2010 9:00am Mar 8, 2010 9:00am
Quote
Is this right?

Well i did..but was stopped out again at Break even.

EUR/USD hit R 2 pivot and and falling leading to G/U fall.

No more trades for time being.
  • #204,172
  • Mar 8, 2010 9:09am Mar 8, 2010 9:09am
Unless you have a method like Magix's that can
produce moisture (pips) from a cloudless sky....
there remains alot of speculation and often needless
discussion about where we are going next.

Good reason to trade and capture pips from the
smaller TF's while waiting for the next big boom.

Dr. D.
  • #204,173
  • Mar 8, 2010 9:11am Mar 8, 2010 9:11am
Quoting Flo7
How can you be so sure/confident...in any case I hope you are - I am long!
i'm looking at big TF..not just a small time space where the price keep ranging up down up down..

that's some MA crossing on my H4 chart from last friday, suggesting upside direction..
  • #204,174
  • Mar 8, 2010 9:12am Mar 8, 2010 9:12am
Quoting digger1
well traders had some earlier longs stopped out in profit and shorts from the highs stopped out in profit , price has already moved quite a bit while trying to get this chart posted but am long from the weekly open (just above at 1.5124) 1st tgt todays high again , above that last weeks high and will reacess if and when it gets there , stops are at break even at the moment Attachment
well traders longs were stopped out before target was reached (stopped out with a couple pips profit ), currently short from the same area , will c how these go lol, my daily pivot point is 1.5101, will use that for a 1st tgt
  • #204,175
  • Mar 8, 2010 9:13am Mar 8, 2010 9:13am
darn i know they are busy hurry up guys
Attached Image
  • #204,176
  • Mar 8, 2010 9:17am Mar 8, 2010 9:17am
I'll start my buying phase around 1.5060...then i'll add more as we go down
COT: The precious data ignored
  • #204,177
  • Mar 8, 2010 9:19am Mar 8, 2010 9:19am
Quoting digger1
well traders longs were stopped out before target was reached (stopped out with a couple pips profit ), currently short from the same area , will c how these go lol, my daily pivot point is 1.5101, will use that for a 1st tgt
1st tgt hit , 99 pip range now, maybe putting the rest on the down side is a plan lol
  • #204,178
  • Mar 8, 2010 9:21am Mar 8, 2010 9:21am
just like i said ... this time support was broken ... but i wouldn't close it yet ...
  • #204,179
  • Mar 8, 2010 9:24am Mar 8, 2010 9:24am
lion the 5bil is working man choose the part u want time to
Attached Image
  • #204,180
  • Mar 8, 2010 9:29am Mar 8, 2010 9:29am
Quoting mloistianto
Short @1.5128 small lots. just testing the UTL.. small TP.. No sentiment change. still bullish. good luck..
closed.. @ 1.5075. enough for the day.. no sentiment changed. still bullish. will look for another set up tomorrow.. happy trading all..
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