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Cable Update (GBPUSD)

  • #230,661
  • Jun 9, 2010 3:06am Jun 9, 2010 3:06am
Quoting primzvicious
set stop @BE
out +35
Verily, in every difficulties there is relief
  • #230,662
  • Jun 9, 2010 3:13am Jun 9, 2010 3:13am
Despite cable's brief retreat to 1.4394, renewed buying interest there lifted price n consolida-tion with upside bias wud be seen n abv 1.4464 wud bring stronger retrace. of the decline fm 1.4771 twds y'day's high of 1.4530 later.
Trade fm long side with stop as indicated, break wud risk stronger pullback to 1.4373.

Range Forecast
1.4430 / 1.4470

Resistance/Support
R: 1.4477/1.4508/1.4530
S: 1.4394/1.4373/1.4346
A little beginner trader since 2006
  • #230,663
  • Jun 9, 2010 3:16am Jun 9, 2010 3:16am
Quoting wormboy
cheers bro

btw, get my keg ready. I can smell 4300
Bro I smell 1.4600, make sure my keg is connected and ready to go for me
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #230,664
  • Jun 9, 2010 3:20am Jun 9, 2010 3:20am
Quoting Bull_Bear
Bro I smell 1.4600, make sure my keg is connected and ready to go for me
i see a retrace to 494 or 517...
if 494 or 517 can hold we go downside
Verily, in every difficulties there is relief
  • #230,665
  • Jun 9, 2010 3:21am Jun 9, 2010 3:21am
closed at 4450 for +25

I think maybe i shouldve held on longer though...hmmmm

update: I guess i should be happy i got out when i did...
  • #230,666
  • Jun 9, 2010 3:23am Jun 9, 2010 3:23am
Quoting joemiami
closed at 4450 for +25

I think maybe i shouldve held on longer though...hmmmm
dont trade with "counter trader" if u not used to it
Verily, in every difficulties there is relief
  • #230,667
  • Jun 9, 2010 3:24am Jun 9, 2010 3:24am
Yesterday before NY open I was dead. Now I got a new life. Pull back form $20.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 6 KB
  • #230,668
  • Jun 9, 2010 3:25am Jun 9, 2010 3:25am
Quoting intrepid1
Yesterday before NY open I was dead. Now I got a new life. Pull back form $20.
what chart is that

nice work buddy
Verily, in every difficulties there is relief
  • #230,669
  • Jun 9, 2010 3:27am Jun 9, 2010 3:27am
Quoting forexlion
If U think, you are a good trader

then

just Shut Up and trade your way, and never bother for what someone says.

Good traders never bother for the shit on public forums.

If I see you squeaking once more about Magix, you go to my ignore list, just forget everything n concentrate on your trading.

Sorry, I got pissed off @ your daily rants.
Lion mate, you are in no position to tell me to shut up given your effort, I'm sure others would agree. Now that is said, your are welcome on my ignore list, your lost not mine.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #230,670
  • Jun 9, 2010 3:28am Jun 9, 2010 3:28am
Quoting Bull_Bear
Bro I smell 1.4600, make sure my keg is connected and ready to go for me
4300 was yesterday bro
Thank You
  • #230,671
  • Jun 9, 2010 3:30am Jun 9, 2010 3:30am
Quoting wormboy
4300 was yesterday bro
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #230,672
  • Jun 9, 2010 3:33am Jun 9, 2010 3:33am
Quoting forexlion
If U think, you are a good trader

then

just Shut Up and trade your way, and never bother for what someone says.

Good traders never bother for the shit on public forums.

If I see you squeaking once more about Magix, you go to my ignore list, just forget everything n concentrate on your trading.

Sorry, I got pissed off @ your daily rants.

what a daft thing to say. you practically instigated the bickering between bullbear & magix yesterday & here you are now trying to sound politically correct.
Thank You
  • #230,673
  • Jun 9, 2010 3:34am Jun 9, 2010 3:34am
Quoting Bull_Bear
lol no. I'm being smart
Thank You
  • #230,674
  • Jun 9, 2010 3:42am Jun 9, 2010 3:42am
watch
http://www.forexfactory.com/showthre...98#post3788498
  • #230,675
  • Jun 9, 2010 3:44am Jun 9, 2010 3:44am
Yeasterday's Post....

http://www.forexfactory.com/showpost...stcount=230412

Here's an update.... same same really
Attached Image (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 121 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #230,676
  • Jun 9, 2010 3:47am Jun 9, 2010 3:47am
Quoting wormboy
Getting there. Break of 4487 for confirmed long.
Let's see if London take us there.

Earlier chart:
1. http://www.forexfactory.com/showpost...stcount=230624
2. http://www.forexfactory.com/showpost...stcount=230630
3. http://www.forexfactory.com/showpost...stcount=230659

yea, those trendline bounces, sweet innit? Useless they say heh.
follow up chart.
4487 test as expected, still no break. no valid long positions yet imho.
and dp retest currently. pretty much my sentiment earlier, whipsaw specials aplenty. Won't be an easy day, except M1 scalps. Pretty much the only tf which offers good trading opportunities so far.
Attached Image (click to enlarge)
Click to Enlarge Name: gu5a.gif Size: 31 KB
Thank You
  • #230,677
  • Jun 9, 2010 3:54am Jun 9, 2010 3:54am
Quoting wormboy
follow up chart.
4487 test as expected, still no break. no valid long positions yet imho.
and dp retest currently. pretty much my sentiment earlier, whipsaw specials aplenty. Won't be an easy day, except M1 scalps. Pretty much the only tf which offers good trading opportunities so far.
Well.. i have a minus position @1.4440 so far the trend still pointing down.. i looked at the candle and said to myself. look at that rejection. and a couple minutes later. oh well.. this is forex after all.. but i wont complaint because 1.4400 is a very good support.. might push the cable much higher.. but before anything serious breaking upside, i'll stick to my short.. good luck to u and bb bro.
  • #230,678
  • Jun 9, 2010 4:00am Jun 9, 2010 4:00am
It is inseparable from human nature to hope and to fear. In speculation when the market goes against you you hope that every day will be the last day and you lose more than you should had you not listened to hope to the same ally that is so potent a success-bringer to empire builders and pioneers, big and little. And when the market goes your way you become fearful that the next day will take away your profit, and you get out too soon. Fear keeps you from making as much money as you ought to.

The successful trader has to fight these two deep-seated instincts. He has to reverse what you might call his natural impulses. Instead of hoping he must fear; instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit. It is absolutely wrong to gamble in markets the way the average man does.
"I made all my money by selling too soon"
  • #230,679
  • Jun 9, 2010 4:02am Jun 9, 2010 4:02am
Quoting wormboy
lol no. I'm being smart
Now I know why you call yourself Wormie.

Your good and Worming yourself out of things
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #230,680
  • Jun 9, 2010 4:02am Jun 9, 2010 4:02am
Quoting mloistianto
Well.. i have a minus position @1.4440 so far the trend still pointing down.. i looked at the candle and said to myself. look at that rejection. and a couple minutes later. oh well.. this is forex after all.. but i wont complaint because 1.4400 is a very good support.. might push the cable much higher.. but before anything serious breaking upside, i'll stick to my short.. good luck to u and bb bro.
my position is still flat atm.
pa is all over the place, like you said, htf (ie the H4 & the D1, still points down, on the other hand there's already quite a visible bullish divergence on the H1.)
Think for me, patience is paramount on days like this

Good luck with your trade bro!
Thank You
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