i think he's trying to ask if it is a lagging indicator? .... just a thought.
Cable Update (GBPUSD)
- #232,022
- Jun 17, 2010 12:17am Jun 17, 2010 12:17am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
yep. makes you wonder when people were buying earlier & saying price was "low" enough lol
anyway, I've locked some profit further as price is nearing support & I reckon price will just consolidate here for a bit till LO later. You'll see that I had highlighted the possible pausing area on the gbplfx, pretty much coincides with the ascending ltl on cable.
Time for my beauty sleep. Catch you at LO later.
Good luck!
p/s : naseri13, how's the 10 lot longs? did you take your med? told you that voice in your head will get louder!
Right, price had just breakout from the monthly pivot, ltl & primary supp level. All needed now is for price to close cleanly below these levels & we're likely see 4550. Original charts posted here
Enjoy the ride
Thank You
- #232,023
- Jun 17, 2010 12:26am Jun 17, 2010 12:26am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
.... Couldn't have said it better...
.. some of the things these guys said are insane it makes you wonder lolnaseri13, how's the 10 lot longs coming? my
to you.I have a suggestion for those voices inside your head ....
Thank You
- #232,026
- Jun 17, 2010 1:12am Jun 17, 2010 1:12am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
rambo
- #232,027
- Jun 17, 2010 1:14am Jun 17, 2010 1:14am
- Joined Jul 2009 | Status: Singleness of purpose: profit. | 1,298 Posts
why sell this "low" was the question lol.
Right, price had just breakout from the monthly pivot, ltl & primary supp level. All needed now is for price to close cleanly below these levels & we're likely see 4550. Original charts posted here
Enjoy the ride
- #232,028
- Jun 17, 2010 1:32am Jun 17, 2010 1:32am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
I guess this bounce is due to our Swiss friends...did it affect much your chart??
the retest to the respective levels were expected. Nothing out of the norm after breakouts. Atm price on cable is retesting the monthly pivot & the gbplfx is retesting the broken supp level.
I'll be keeping an eye on the mentioned levels. If say price close above the respected levels, I will close the short positions & take profit.
Won't be reversing to long if that happens, but will wait to short again. That bearish engulfer on the D1 yesterday is a warning imho.
Good luck with your trades
Thank You
- #232,029
- Jun 17, 2010 1:34am Jun 17, 2010 1:34am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
wooops, spoke too soon. Stops triggered & profit taken.
My position is now flat.
Good luck to all
My position is now flat.
Good luck to all
Thank You
- #232,031
- Jun 17, 2010 1:42am Jun 17, 2010 1:42am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #232,033
- Jun 17, 2010 2:01am Jun 17, 2010 2:01am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #232,034
- Jun 17, 2010 2:02am Jun 17, 2010 2:02am
- Joined May 2010 | Status: I'M NOT SIGNAL PROVIDER | 1,457 Posts
A little beginner trader since 2006
- #232,036
- Jun 17, 2010 2:03am Jun 17, 2010 2:03am
- Joined May 2010 | Status: I'M NOT SIGNAL PROVIDER | 1,457 Posts
A little beginner trader since 2006
- #232,037
- Jun 17, 2010 2:06am Jun 17, 2010 2:06am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
YO YO ...whats happening people..hope u all making pips..took the day of work
- #232,038
- Jun 17, 2010 2:16am Jun 17, 2010 2:16am
- Joined Jul 2009 | Status: Singleness of purpose: profit. | 1,298 Posts
wooops, spoke too soon. Stops triggered & profit taken.
My position is now flat.
Good luck to all
Goodd trades to you mate!
- #232,039
- Jun 17, 2010 2:18am Jun 17, 2010 2:18am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,055 Posts
- #232,040
- Jun 17, 2010 2:20am Jun 17, 2010 2:20am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts