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Cable Update (GBPUSD)

  • #228,201
  • May 24, 2010 5:43am May 24, 2010 5:43am
Quoting fendi
15pips am out not good trading against trend..... i wait for retracement and follow down....BETTER........
still holding till TP hit if sl hit i will add long again
  • #228,202
  • May 24, 2010 5:44am May 24, 2010 5:44am
Quoting fendi
15pips am out not good trading against trend..... i wait for retracement and follow down....BETTER........
you might have been good over there, shud have put SL to BE... it might come down to S1 today at 1.4350 but i highly doubt.
  • #228,203
  • May 24, 2010 6:21am May 24, 2010 6:21am
Quoting wormboy
here's the money line. good place to reverse short & go long again, reasonable risk reward.
A break & close below the ltl negates the long setup.

Good luck.
you mean if candle will close up on it so can go long and if close below that line so that could negates long setup right???Wb in H4 chart iss indicating 4280xx can you please check it

thanks

Ub
  • #228,204
  • May 24, 2010 6:28am May 24, 2010 6:28am
Quoting forexliar
don't blame me if i'm wrong bro look my id ...... forexliar .......
have to say thats pretty funny. coming on here giving ur thoughts, but copping out with ur username.

so which post do we believe, and which not?
  • #228,205
  • May 24, 2010 6:39am May 24, 2010 6:39am
Quoting ubaidahsan
you mean if candle will close up on it so can go long and if close below that line so that could negates long setup right???Wb in H4 chart iss indicating 4280xx can you please check it

thanks

Ub
That long setup is now invalid ub. I had closed all long positions & will wait for the current H1 close to confirm a short setup.
In any case, even if I take the short setup, I will only look to sell towards previous low ard 4240 level & nothing more before confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.gif Size: 27 KB
Thank You
  • #228,206
  • May 24, 2010 6:47am May 24, 2010 6:47am
Quoting wormboy
That long setup is now invalid ub. I had closed all long positions & will wait for the current H1 close to confirm a short setup.
In any case, even if I take the short setup, I will only look to sell towards previous low ard 4240 level & nothing more before confirmation.
thanks Bro early morning i went short for scalping but still holding that short so was asking about it now i will hold it and will add more after 1 hour confirmation

thanks

Ub
  • #228,207
  • May 24, 2010 6:48am May 24, 2010 6:48am
I dont think we have much low for 2day anymore, we move up from here say 1.4422-1.4445. Possibly would get there, then it rallies all through until next days open which would give us a break of todays lows.

That is my view the lowest we can see today is 1.4310, though not sure we see that. 1hr close needs to confirm if we see more lows or we start retracement........... I close here today, see u at midnight setup would be clearer then..... chao........


Quoting wormboy
That long setup is now invalid ub. I had closed all long positions & will wait for the current H1 close to confirm a short setup.
In any case, even if I take the short setup, I will only look to sell towards previous low ard 4240 level & nothing more before confirmation.
  • #228,208
  • May 24, 2010 6:57am May 24, 2010 6:57am
Quoting fendi
I dont think we have much low for 2day anymore, we move up from here say 1.4422-1.4445. Possibly would get there, then it rallies all through until next days open which would give us a break of todays lows.

That is my view the lowest we can see today is 1.4310, though not sure we see that. 1hr close needs to confirm if we see more lows or we start retracement........... I close here today, see u at midnight setup would be clearer then..... chao........
I don't think. I just trade what I see
Anyway, I understand what you're saying, a retest of dp is not out of the question, however I will take this short setup at the hourly close & not worry about the minor pullbacks. No scalp for me for the rest of the month. Got my target, just looking to trade the larger swings and not spend too much time in front of the screen.

Good luck to you
Thank You
  • #228,209
  • May 24, 2010 7:00am May 24, 2010 7:00am
Quoting wormboy
That long setup is now invalid ub. I had closed all long positions & will wait for the current H1 close to confirm a short setup.
In any case, even if I take the short setup, I will only look to sell towards previous low ard 4240 level & nothing more before confirmation.
Agreed Wormie... was long too but have exited as i was unattended on my comp so me system kept watch while i was away and she took me down.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 140 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #228,210
  • May 24, 2010 7:06am May 24, 2010 7:06am
Quoting Bull_Bear
Agreed Wormie... was long too but have exited as i was unattended on my comp so me system kept watch while i was away and she took me down.
Time to take her down now Q
Got my short setup in, I'll catch you tomorrow bro, MILK MONEY TM is in, time to go buy it! lol
Take care man!
Thank You
  • #228,211
  • May 24, 2010 7:16am May 24, 2010 7:16am
Quoting wormboy
Time to take her down now Q
Got my short setup in, I'll catch you tomorrow bro, MILK MONEY TM is in, time to go buy it! lol
Take care man!
Enjoy your MILK ...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #228,212
  • May 24, 2010 7:24am May 24, 2010 7:24am
Quoting qwertymyfx
have to say thats pretty funny. coming on here giving ur thoughts, but copping out with ur username.

so which post do we believe, and which not?
hehehehe.... believe your own chart and your own plan...... peace
  • #228,213
  • May 24, 2010 7:27am May 24, 2010 7:27am
Quoting forexliar
hehehehe.... believe your own chart and your own plan...... peace
As far as not a liar !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #228,214
  • May 24, 2010 7:30am May 24, 2010 7:30am
salam hi all

hope every body in green
  • #228,215
  • May 24, 2010 7:35am May 24, 2010 7:35am
Quoting manize
As far as not a liar !
absolutely.... i'm fibonacci trader. no other indi used
  • #228,216
  • May 24, 2010 7:35am May 24, 2010 7:35am
Quoting kill56
salam hi all

hope every body in green
Hi Kill morning !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #228,217
  • May 24, 2010 7:37am May 24, 2010 7:37am
Quoting manize
Hi Kill morning !

great morning to u bro and greeny one
  • #228,218
  • May 24, 2010 7:46am May 24, 2010 7:46am
see everyone's having fun, hope this long doesnt cut anyone out, b cos this isnt the trend, it would still fall over150 bwt 2day and 2morrow....... so trade tight
  • #228,219
  • May 24, 2010 8:34am May 24, 2010 8:34am
whats going on room any body alive in here
  • #228,220
  • May 24, 2010 8:38am May 24, 2010 8:38am
Quoting kill56
whats going on room any body alive in here
I'm here .. just silent for the moment. I know, unusual for a female....

I have a little present for the room, I made it over the weekend, just for fun, will post shortly.
******************* I'd rather make money than be right.
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