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Cable Update (GBPUSD)

  • #231,701
  • Jun 15, 2010 4:57am Jun 15, 2010 4:57am
Quoting wormboy
price came close to test the underside of the previous ltl & bounced.
Let's see if it'll run up for another test. still no shorts imho.
but if this is anything to go by, the immediate trend looks likely to be bullish.
Price had broken the underside of the previous ltl & closed topside. Let's see if it stays up.
No shorts
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Thank You
  • #231,702
  • Jun 15, 2010 4:58am Jun 15, 2010 4:58am
Went long at 1,4706 for a 1,4860 target.
On hourly there was a huge vol on upbar...followed a test and bounce off the 1,4700 level.
COT: The precious data ignored
  • #231,703
  • Jun 15, 2010 5:00am Jun 15, 2010 5:00am
Quoting Bull_Bear
Here's a a trading update, hard to come by considering the way this FF is heading.

Yesterday's post

http://www.forexfactory.com/showpost...stcount=231578

http://www.forexfactory.com/showpost...stcount=231589

I am now holding a short retrace position from 1.4769, looking for 1.4620 to hit it long again for 1.4900.

Any Questions?
ai sir.. the retracement looks complete. i long from 1.4720.. looking for a new high.. but you say there is a possibility of touching 1.4620.. i wonder if that will happen.. i'm not questioning your trade. but questioning the PA right now. thanks sir.

Mike
  • #231,704
  • Jun 15, 2010 5:10am Jun 15, 2010 5:10am
1 hour chart update
http://www.forexfactory.com/showthre...=1#post3802551
  • #231,705
  • Jun 15, 2010 5:11am Jun 15, 2010 5:11am
Quoting wormboy
but if this is anything to go by, the immediate trend looks likely to be bullish.
Price had broken the underside of the previous ltl & closed topside. Let's see if it stays up.
No shorts
She stayed topside.
mucho dinero


Later.
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Thank You
  • #231,706
  • Jun 15, 2010 5:13am Jun 15, 2010 5:13am
still flat...
asking,wondering which way to go..
Revesal Trader
  • #231,707
  • Jun 15, 2010 5:14am Jun 15, 2010 5:14am
Quoting mloistianto
ai sir.. the retracement looks complete. i long from 1.4720.. looking for a new high.. but you say there is a possibility of touching 1.4620.. i wonder if that will happen.. i'm not questioning your trade. but questioning the PA right now. thanks sir.

Mike
Mike, I had that plan originally too, but I decided to keep the retrace a little further down.

I still think that a new high will not be written today... more than anything range trade, grounds for scalpers.

Good Luck.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #231,708
  • Jun 15, 2010 5:19am Jun 15, 2010 5:19am
Quoting mloistianto
ai sir.. the retracement looks complete. i long from 1.4720.. looking for a new high.. but you say there is a possibility of touching 1.4620.. i wonder if that will happen.. i'm not questioning your trade. but questioning the PA right now. thanks sir.

Mike
im agree with BB as long as H4 closed below 1.4767 GU should at least make an a-b-c formation to 1.4600 area
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Verily, in every difficulties there is relief
  • #231,709
  • Jun 15, 2010 5:21am Jun 15, 2010 5:21am
Quoting Bull_Bear
Mike, I had that plan originally too, but I decided to keep the retrace a little further down.

I still think that a new high will not be written today... more than anything range trade, grounds for scalpers.

Good Luck.
Verily, in every difficulties there is relief
  • #231,710
  • Jun 15, 2010 5:33am Jun 15, 2010 5:33am
chart update

http://www.forexfactory.com/showthre...=1#post3802627
  • #231,711
  • Jun 15, 2010 5:45am Jun 15, 2010 5:45am
Good day to you,

Counter trend shorts were stopped out a second time. A massive +6 pips...


The 4hr chart is still showing longs in place. The 30 min may now be forming a continuation signal to continue long in the short term. I will wait another 30 min to 60 min to decide if I'm going long or stay out.

All depends if this signal sticks.

PA all over the place....

Regards
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  • #231,712
  • Jun 15, 2010 6:05am Jun 15, 2010 6:05am
Quoting TauTrader
Good day to you,

Counter trend shorts were stopped out a second time. A massive +6 pips...


The 4hr chart is still showing longs in place. The 30 min may now be forming a continuation signal to continue long in the short term. I will wait another 30 min to 60 min to decide if I'm going long or stay out.

All depends if this signal sticks.

PA all over the place....

Regards
Stay safe, stay with the retrace Tau.

If everyone in this FF showed people the respect that you show people, than we would have no arguments
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #231,713
  • Jun 15, 2010 6:41am Jun 15, 2010 6:41am
i know, why can't people just chil out with the constant arguing, gets really annoying.
  • #231,714
  • Jun 15, 2010 6:45am Jun 15, 2010 6:45am
Quoting kill56
up and down east and west


yaly foo2 roodo 3aly ta7et
hi sir
is it possible for u to share the template and indi below.
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  • #231,715
  • Jun 15, 2010 6:50am Jun 15, 2010 6:50am
Quoting Bull_Bear
Stay safe, stay with the retrace Tau.

If everyone in this FF showed people the respect that you show people, than we would have no arguments
Yep you are right, Closed my long +7.. i was away.. did not see that move..
  • #231,716
  • Jun 15, 2010 8:11am Jun 15, 2010 8:11am
Quoting TauTrader
Good day to you,

Counter trend shorts were stopped out a second time. A massive +6 pips...


The 4hr chart is still showing longs in place. The 30 min may now be forming a continuation signal to continue long in the short term. I will wait another 30 min to 60 min to decide if I'm going long or stay out.

All depends if this signal sticks.

PA all over the place....

Regards
Entered long once confirmed. Also a break back above the daily open and a temporary break back above Friday's high @ 1.4757. SL already in place. PA all over the place - so not really expecting a lot...

Again, I have to go out - so will leave this open.


Regards
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  • #231,717
  • Jun 15, 2010 8:45am Jun 15, 2010 8:45am
i Think its time to Sell GBP not BUY

i hope u will find it interesting will post chart in minutes

Gish you Good Luck FF Guys..
Don't compare your Trades with Others
  • #231,718
  • Jun 15, 2010 8:48am Jun 15, 2010 8:48am
Quoting fxrambo
hi sir
is it possible for u to share the template and indi below.
At top right of this page there is a paperclip .. click on that and in pop-up click 'hide images', you will then have a list of all indy's posted in this thread. Kill has posted this one (kill ATL) numerous times because he has a ton of patience.
Seek & you will find
******************* I'd rather make money than be right.
  • #231,719
  • Jun 15, 2010 9:15am Jun 15, 2010 9:15am
Quoting mloistianto
Yep you are right, Closed my long +7.. i was away.. did not see that move..
Add short @ 1.4787 &1.4783.. i get the discount..
  • #231,720
  • Jun 15, 2010 9:25am Jun 15, 2010 9:25am
Quoting mloistianto
Add short @ 1.4787 &1.4783.. i get the discount..
see u at 1.4600 (if shes not break high again)
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Verily, in every difficulties there is relief
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