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Cable Update (GBPUSD)

  • #223,341
  • May 3, 2010 4:12am May 3, 2010 4:12am
Quoting hamedizad
gbp,usd- M15
ELLIOT WAVE
SYMMETRY
AB=CD
PITCHEFORK
CHANEAL LINE
FIBZONE ===taim_price


sell, fibzone
buy az fibzone
Attached Image (click to enlarge)
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  • #223,342
  • May 3, 2010 4:24am May 3, 2010 4:24am
I'm out with a tiny profit.. The holiday must be slowing things down! My stop loss came within a pip of being hit. Ill happly take my tiny profit and wait till tomorow . Happy trading every body!
  • #223,343
  • May 3, 2010 4:25am May 3, 2010 4:25am
Quoting primzvicious
this is my prediction but not sure though :nerd:

Not sure what going on really but i will look to buy at 1.50 if that level can be seen..lets see
  • #223,344
  • May 3, 2010 4:34am May 3, 2010 4:34am
Quoting nAVIN2007
Not sure what going on really but i will look to buy at 1.50 if that level can be seen..lets see

nav ya nav how are u bro where u been hiding long time no see
  • #223,345
  • May 3, 2010 4:43am May 3, 2010 4:43am
Be careful of retrace area !







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  • #223,346
  • May 3, 2010 4:52am May 3, 2010 4:52am
Quoting kill56
nav ya nav how are u bro where u been hiding long time no see
been at work brother!! ..i bought the euro, looking to hold for a long time, in a drawdown at the moment around 300 pippies hehe

so not sure really if the things are gonna change..hope u doing well bro?
  • #223,347
  • May 3, 2010 4:59am May 3, 2010 4:59am
Quoting nAVIN2007
been at work brother!! ..i bought the euro, looking to hold for a long time, in a drawdown at the moment around 300 pippies hehe

so not sure really if the things are gonna change..hope u doing well bro?

i am doing great bro

eur i dont know i think we will visit low lows 28's may be a lot of bad news coming from the EU zone i might be wrong
a break below 32'2 will take us there
best of luck greeny all the way
  • #223,348
  • May 3, 2010 4:59am May 3, 2010 4:59am
Quoting Cotton-I-Jo
Be careful of retrace area !







.

Care to explain why ? I'm not saying it can't go down, but going by your chart, the 1-2-3 up is bullish reversal.
Obviously our understanding of the pattern is very different, because that's not how i'd interpret the current 1-2-3. Care to share your thoughts?

thanks
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Thank You
  • #223,349
  • May 3, 2010 5:00am May 3, 2010 5:00am
Friday's Post

http://www.forexfactory.com/showpost...stcount=223021

Today's update..... She's behaving for now
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #223,350
  • May 3, 2010 5:10am May 3, 2010 5:10am
Taken Long HEAVILY @ 5240

Heavy buying volume sighted on 1 hour

If my trade cannot move the market and force her to move up, nothing else can

http://img709.imageshack.us/img709/9373/cablev.gif
  • #223,351
  • May 3, 2010 5:16am May 3, 2010 5:16am
Quoting nAVIN2007
been at work brother!! ..i bought the euro, looking to hold for a long time, in a drawdown at the moment around 300 pippies hehe

so not sure really if the things are gonna change..hope u doing well bro?

Navster, Whats doing bro? Too bad abt the draw down mate, hopefully you can pull back some pips, but i don't like the way the EUR is moving nowdays. I'm still holding buy too and waiting for some relieve kick back with drawdown -28pips. Becareful mate.
Attached Image (click to enlarge)
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #223,352
  • May 3, 2010 5:20am May 3, 2010 5:20am
Quoting forexlion
Taken Long HEAVILY @ 5240

Heavy buying volume sighted on 1 hour

If my trade cannot move the market and force her to move up, nothing else can

http://img709.imageshack.us/img709/9373/cablev.gif
i got a very tight tp of 5250 and SL @ 5235

i went in with just 5 pip SL
  • #223,353
  • May 3, 2010 5:25am May 3, 2010 5:25am
sell,,,
gbp m5
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  • #223,354
  • May 3, 2010 5:32am May 3, 2010 5:32am
Quoting forexlion
i got a very tight tp of 5250 and SL @ 5235

i went in with just 5 pip SL
got it

despite the buying volume on 1 hour i need proper confirmation which does not exist, hence the scalp
  • #223,355
  • May 3, 2010 5:35am May 3, 2010 5:35am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting forexlion
got it

despite the buying volume on 1 hour i need proper confirmation which does not exist, hence the scalp
well done.
In those market conditions you got to take what you can get..
(Did a similar trade on the E/U)
"Blue Horseshoe loves Anacott Steel!"
  • #223,356
  • May 3, 2010 5:37am May 3, 2010 5:37am
Quoting forexlion
got it

despite the buying volume on 1 hour i need proper confirmation which does not exist, hence the scalp
Balls of steel 5 pip SL, I would have thought you just wasting money with that kind of SL with cable.

Nice work
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #223,357
  • May 3, 2010 5:50am May 3, 2010 5:50am
There is another little short materialising on the M5 for those desperate to trade in these thin volumes, enter once PA hits 5250 TP 5225 with a tight SL above the 150ma.

I am not trading this thin market today enjoying my day off, going to watch the snooker later, nice slow sport for a slow day.
  • #223,358
  • May 3, 2010 5:51am May 3, 2010 5:51am
Quoting kill56
i am doing great bro

eur i dont know i think we will visit low lows 28's may be a lot of bad news coming from the EU zone i might be wrong
a break below 32'2 will take us there
best of luck greeny all the way
1.32 is key for me too. If we break that we will test the low again and maybe even go lower!
  • #223,359
  • May 3, 2010 6:06am May 3, 2010 6:06am
4H gave me a sell signal...
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  • #223,360
  • May 3, 2010 6:37am May 3, 2010 6:37am
Quoting zhangli
4H gave me a sell signal...
zhangli bro, can i have the indi you are using (the one with the up/down arrows)????

Thanks!
If it floats, flies, or f%^ks, rent it, it's cheaper.
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