Cable Trading (Serious Trading No Jokes) | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Forex Trader Jokes and pictures.. 9 replies

Oanda's jokes 8 replies

Attachments: Cable Trading (Serious Trading No Jokes)
Exit Attachments

Cable Trading (Serious Trading No Jokes)

  • #21
  • Jun 15, 2010 6:45am Jun 15, 2010 6:45am
Quoting forexlion
superb place to short
Thanks Lion, like you said, just scalp on the shorter TF, better ease of mind.
  • #22
  • Jun 15, 2010 6:46am Jun 15, 2010 6:46am
forexlion, you make me laugh...
  • #23
  • Jun 15, 2010 8:26am Jun 15, 2010 8:26am
confirmed entry 4866

http://img130.imageshack.us/img130/9532/60573068.gif
  • #24
  • Jun 15, 2010 8:32am Jun 15, 2010 8:32am
well that was a nice bullish pump, contrary to the pointy 4hr short-ish candles on this previous chart... one possible target could be the 78.6% retracement at 1.4877 which coincides with the right wing of the butterfly on my chart....

Quoting hhitch
this has been my working chart for a while now... like you say, troubled... that top doesn't look so bullish at all...
Attached Thumbnailshttp://cdn.forexfactory.com/attachme...1&d=1276601247 (http://www.forexfactory.com/attachment.php?attachmentid=491244&d=1276601247)
"The real genius is knowing when to stop." - Marc Faber
  • #25
  • Jun 15, 2010 8:38am Jun 15, 2010 8:38am
do you mean 1.4766, or you will short when it reaches 1.4866? I don't think it's gotten there yet?

or you have a long stop entry at 4866, you chart seems to show that

Quoting forexlion
confirmed entry 4866
"The real genius is knowing when to stop." - Marc Faber
  • #26
  • Jun 15, 2010 8:46am Jun 15, 2010 8:46am
Quoting hhitch
do you mean 1.4766, or you will short when it reaches 1.4866? I don't think it's gotten there yet?

or you have a long stop entry at 4866, you chart seems to show that
4866 is my target for the long, 38.2 was supposed to bounce, but break has opened 61.8

in fib, never use 23.6 or 76.4, the important levels are only 38.2 or 61.8

38.2 is supposed to be a possible bounce level, in case of strong trend 61.8 or 100

anyways, remembering the Get chart posted on June 10, we turned from 4700

http://img231.imageshack.us/img231/5026/getl.gif
  • #27
  • Jun 15, 2010 8:48am Jun 15, 2010 8:48am
riiight... actually 4877 is the 78.6% retracement on my chart (I like that fib myself...) not too far from your figure at 4866....

Quoting forexlion
4866 is my target for the long, 38.2 was supposed to bounce, but break has opened 61.8

in fib, never use 23.6 or 76.4, the important levels are only 38.2 or 61.8

38.2 is supposed to be a possible bounce level, in case of strong trend 61.8 or 100

anyways, remembering the Get chart posted on June 10, we turned from 4700

http://img231.imageshack.us/img231/5026/getl.gif
"The real genius is knowing when to stop." - Marc Faber
  • #28
  • Jun 15, 2010 9:21am Jun 15, 2010 9:21am
Quoting hhitch
no guts, no glory
Thanks HHitch ! Let's make this the best Thread on FF on correct forecasts !
  • #29
  • Jun 15, 2010 9:28am Jun 15, 2010 9:28am
Quoting forexlion
no worries, just concentrate on cable, everything else aside
Thanks Lion.
  • #30
  • Jun 15, 2010 10:24am Jun 15, 2010 10:24am
Quoting forexlion
confirmed entry 4866

http://img130.imageshack.us/img130/9532/60573068.gif
nice entry
  • #31
  • Jun 15, 2010 7:08pm Jun 15, 2010 7:08pm
4796 becomes the support and day open price for wednesday

i expect 4865, then if the strength of trend holds then 5023, else back to 4768

its a 100 pip range

well this is my view only, i can be wrong too
  • #32
  • Jun 15, 2010 7:49pm Jun 15, 2010 7:49pm
Ok Forexlion

Look like the price will move up to15000 , But the question is this will happen today or it may take couple of days ?
Attached Image (click to enlarge)
Click to Enlarge Name: GBP240 D12.png Size: 45 KB
  • #33
  • Jun 15, 2010 8:30pm Jun 15, 2010 8:30pm
Quoting tazzam72
Ok Forexlion

Look like the price will move up to15000 , But the question is this will happen today or it may take couple of days ?
The way I look @ forex is, I look at the general trend, chart it, plan it, then drop down to lower time frames and milk it

so even if Get says 5000 or 5100, I never bother for anything beyond the current S/R levels, cable has the tendency to bounce off petty SR levels for no reason at all

S/R is support / resistance
  • #34
  • Jun 15, 2010 8:39pm Jun 15, 2010 8:39pm
Quoting tazzam72
Ok Forexlion

Look like the price will move up to15000 , But the question is this will happen today or it may take couple of days ?
can i have the current 1 hour get chart @ current prices please
  • #35
  • Jun 15, 2010 8:44pm Jun 15, 2010 8:44pm
Here you go
Attached Image (click to enlarge)
Click to Enlarge Name: GBP 60png1.png Size: 49 KB
  • #36
  • Jun 15, 2010 8:45pm Jun 15, 2010 8:45pm
Here is my current main 4 H with Gann
Attached Image (click to enlarge)
Click to Enlarge Name: GBP 240 Current png2.png Size: 43 KB
  • #37
  • Jun 15, 2010 9:08pm Jun 15, 2010 9:08pm
so this means, going by 1 hour, i should close my current longs and look for a lower entry
  • #38
  • Jun 15, 2010 9:16pm Jun 15, 2010 9:16pm
I closed my long @ 1479, waiting for retracment to jump back in same with Euro
  • #39
  • Jun 15, 2010 10:42pm Jun 15, 2010 10:42pm
Forced to go long again, the PA is unrelenting

I will discuss how to read the PA in another post

http://img64.imageshack.us/img64/3928/90136228.gif
  • #40
  • Jun 15, 2010 10:49pm Jun 15, 2010 10:49pm
Get had suggested wave 4 completion @ 4700, and a bounce

this is seen in this chart below as the red line

the green line is 4769 the 38.2 level, which was giving some resistance

Now the thing to be seen in this 1 hour chart (Monday and Tuesday) is that cable simply did not wish to go down, and kept attacking 38.2 line again and again, despite the news, and eventually broke it, suggesting strong buying pressure

http://img80.imageshack.us/img80/5640/77714331.gif
1 trader viewing now