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Cable Update (GBPUSD)

  • #217,501
  • Apr 14, 2010 12:12pm Apr 14, 2010 12:12pm
Quoting A-speculator
Don't fight the trend man.. you might want to consider long after the breakout (after daily candle closed) at about the same price.. Just my 2 cents.
I love my projector and the way I operate it very very much now, it accuratecy has improved to < 15 pips.
Face both Win and Lose bravely
  • #217,502
  • Apr 14, 2010 12:21pm Apr 14, 2010 12:21pm
1BB one more
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  • #217,503
  • Apr 14, 2010 12:33pm Apr 14, 2010 12:33pm
Simple chart saying please sell me, i am begging u pls sell me.
SO dem tempted
Who is going to watch Arsenal and Tottenham game?
Attached Image (click to enlarge)
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  • #217,504
  • Apr 14, 2010 12:40pm Apr 14, 2010 12:40pm
i exited my long..not sure if it will get through this..
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  • #217,505
  • Apr 14, 2010 12:45pm Apr 14, 2010 12:45pm
Quoting nAVIN2007
i exited my long..not sure if it will get through this..


hey bro where u been


http://www.forexfactory.com/showpost...stcount=217385
  • #217,506
  • Apr 14, 2010 12:47pm Apr 14, 2010 12:47pm
Quoting kill56

hey bro where u been


http://www.forexfactory.com/showpost...stcount=217385
was at work brother..just got back home and thought..i dont really want to risk this area..can easilly fall from here, the weekly candle aint looking to healthly unless this area can pass
  • #217,507
  • Apr 14, 2010 12:49pm Apr 14, 2010 12:49pm
Quoting bonus76
Simple chart saying please sell me, i am begging u pls sell me.
SO dem tempted
Who is going to watch Arsenal and Tottenham game?



Is that truly a bullish engulfing candle on the left side of ur chart? It looks more like an inside bar for me
  • #217,508
  • Apr 14, 2010 12:59pm Apr 14, 2010 12:59pm
jgr..... cheers for the times.

Hmmm Arsenal ending the Yids chances of a Champs Lge position seems appealing as sweet FA is happening here at the moment!!!
  • #217,509
  • Apr 14, 2010 1:06pm Apr 14, 2010 1:06pm
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Using proprietary Grid system, 66 long positions and 12 short positions. System closed out with a much appreciated $618.00 profit.

I think we're headed back down now. Back to 1.4800'ish area. How did everyone else do?
  • #217,510
  • Apr 14, 2010 1:12pm Apr 14, 2010 1:12pm
Quoting willo
jgr..... cheers for the times.

Hmmm Arsenal ending the Yids chances of a Champs Lge position seems appealing as sweet FA is happening here at the moment!!!
I am Man unt fan but have money on Arsenal since start of the session
  • #217,511
  • Apr 14, 2010 1:15pm Apr 14, 2010 1:15pm
Quoting MarkH
Using proprietary Grid system, 66 long positions and 12 short positions. System closed out with a much appreciated $618.00 profit.

I think we're headed back down now. Back to 1.4800'ish area. How did everyone else do?
Hey Mark,

Sounds like it's still going well

Just closed my longs from 1.4838, 1.5158 and 1.5200
Opened another short-(was short at 1.5460 from Sunday but got stopped at BE) targeting 1.4952...
  • #217,512
  • Apr 14, 2010 1:23pm Apr 14, 2010 1:23pm
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Quoting Jefftrader
Hey Mark,

Sounds like it's still going well

Just closed my longs from 1.4838, 1.5158 and 1.5200
Opened another short-(was short at 1.5460 from Sunday but got stopped at BE) targeting 1.4952...
Hi Jeff,

Yes, going good. A little nerve racking though, I was in a $3,400.00 draw down the other night but ended up well on this set of trades. Elliot Wave now saying we're headed down to 1.48'ish area. You agree?

Sounds like your trades are going well too! And good to hear from you!
  • #217,513
  • Apr 14, 2010 1:29pm Apr 14, 2010 1:29pm
Never mind bonus we all have our crosses to bear, seems your lot will have to be happy with just the Carling (tinpot) Cup this year. My money was always on Chelski tho at one point thought the Gooners were going to gatecrash. Still could but prob left it too late.

As GU is stagnant, think I'll have a shower and go to the bar to watch it!!!
  • #217,514
  • Apr 14, 2010 1:35pm Apr 14, 2010 1:35pm
Bye-bye, no going to waste time on GU any more. Change to others pairs.
Face both Win and Lose bravely
  • #217,515
  • Apr 14, 2010 1:39pm Apr 14, 2010 1:39pm
SO, doing the longer TF thing now so lets see what I can say:

Here I have added the weekly, daily and 4hr Cable charts...

On weekly we are nearing the top of my downward channel but for it to touch we must reach 5550, The critical point a couple of weeks back as you can clearly see on the daily chart.

The daily chart in itself doesnt look bear at all, on the contrary, we have broken an important fibo and seem to be going strong heading toward 5550...

on the 4hr chart we are looking like this might be the point of turning by forming a double top but that will have to be confirmed by the next couple of candles...

If a double top is confirmed then I will enter a short, cautiously as I need a break of 5320 to be sure we are heading down, I will then add to position. In the event that I short and we go up to 5550, I will look for signs to short there.

If it breaks 5550 and daily continues to show bullish tendencies then 5621 is my next fibo point and possible reversal.

I will enter a long on the break of 5480 and ride up to 5550...

This is what I see and I am hoping somebody will be able to help me or give me some extra advise!

thanks in advance...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: weekly gbp.png Size: 63 KB
Click to Enlarge Name: daily gbp.png Size: 63 KB
Click to Enlarge Name: 4hr gbp.png Size: 67 KB
@pawpaw1000 on Twitter
  • #217,516
  • Apr 14, 2010 1:43pm Apr 14, 2010 1:43pm
Quoting pawpaw1000
SO, doing the longer TF thing now so lets see what I can say:

Here I have added the weekly, daily and 4hr Cable charts...

On weekly we are nearing the top of my downward channel but for it to touch we must reach 5550, The critical point a couple of weeks back as you can clearly see on the daily chart.

The daily chart in itself doesnt look bear at all, on the contrary, we have broken an important fibo and seem to be going strong heading toward 5550...

on the 4hr chart we are looking like this might be the point of turning by forming a double...
on fibre I have channel top reached for the second time on h4... Down or break here...
Attached Image (click to enlarge)
Click to Enlarge Name: eur h4.png Size: 64 KB
@pawpaw1000 on Twitter
  • #217,517
  • Apr 14, 2010 1:46pm Apr 14, 2010 1:46pm
The longer we stay around resistance the more short-stops we are gathering a little above resistance the more likely it becomes we will see a break this evening.
eg all new shorts (and you should expect some at resistance) are absorbed without hardly any pricemovements.
Holding my long with increasing confidence....
Don't be a hero. Don't have an ego. Always question yourself
  • #217,518
  • Apr 14, 2010 1:49pm Apr 14, 2010 1:49pm
Quoting USD-Bear
The longer we stay around resistance the more short-stops we are gathering a little above resistance the more likely it becomes we will see a break this evening.
eg all new shorts (and you should expect some at resistance) are absorbed without hardly any pricemovements.
Holding my long with increasing confidence....
aah, interesting point...

so the logic is that the longer the bulls can keep price at a point, the more likely it is that we could break as they are strong enough to absorb the selling...

mmm... always adding to my toolbox. Wondering how long it'll take until I can say I am a professional forex trader? 3 years?
@pawpaw1000 on Twitter
  • #217,519
  • Apr 14, 2010 1:55pm Apr 14, 2010 1:55pm
Quoting wormboy
hi zoom

you might want to consider closing the trade. If DX settles below 80, cable will fly.
Just a thought. Good luck with your trade
thank you wormy!

i was out - come back now.
place again (hedge) pending buy at 5495 - not triggered ... yet!

maybe in the asian session it will go down ...
looking at NY closing


thanks again
cheers!
good luck too!
... feel better day by day.
  • #217,520
  • Apr 14, 2010 1:57pm Apr 14, 2010 1:57pm
Quoting pawpaw1000
aah, interesting point...

so the logic is that the longer the bulls can keep price at a point, the more likely it is that we could break as they are strong enough to absorb the selling...

mmm... always adding to my toolbox. Wondering how long it'll take until I can say I am a professional forex trader? 3 years?

we need malcom for the true volume feed
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