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Cable Update (GBPUSD)

  • #232,421
  • Jun 18, 2010 7:32am Jun 18, 2010 7:32am
Quoting fendi
There is no shorting any more, wonder if we are seeing same chart cos cant see any down trend.
Really Fendi... No shorting anymore???? looks like they are shorting to me... In fact check this out http://www.forexfactory.com/showpost...stcount=232248. I even called the rise.... TO THE PIP.... before it dropped back down..

But as I siad before.. It is options expiry today and anything can still happen, so you have a chance it goes back up.
  • #232,422
  • Jun 18, 2010 7:34am Jun 18, 2010 7:34am
Quoting Voodoo
what time frame you trade ? i have same target on H4
on 4hrs, next tp should 4660 (fib ret point & 261.8 fib ext point of the current slide)
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  • #232,423
  • Jun 18, 2010 7:40am Jun 18, 2010 7:40am
Quoting Najee
Add another sell @ 4880, TP 4750. All the best.
Cleared all shorts at 4830. Had to go for a meeting. Came back and it breached 4800. Guessed I chickened out but ultimately made USD100...better than nothing. H4 is still looking to go down, waiting for a good level to sell again...any advice anyone?
  • #232,424
  • Jun 18, 2010 7:42am Jun 18, 2010 7:42am
we are in a 20 pip channel..i starting to think going to work isnt a bad idea this is like watching goldfish
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  • #232,425
  • Jun 18, 2010 7:45am Jun 18, 2010 7:45am
Quoting fendi
I love to meet you tomorrow after u.s close to find out how many red pips you saved for us to cash on.

lots of noise in here.u better fly the fly else u reduce in numbers,
Come and meet me in Las Vegas... I will happily take your money there too... On the side note, I made many good pips up to my target and then back down to here. Why are you always so mean to people here in this thread? Why don't you do more analyzing and posting of charts than you do bickering w/ peopel in here.. Might help you out. By the way, Thanks for giving me some of your pips.. As for me.. back to skype where I can share my great calls with other peoples great calls that you also tore up..ie. Digger1, Malcomb.

I don't get you.. These people are truely great traders and tear up on them. And you say you are here to learn? Seems to me like you are heare to beat your chest.
  • #232,426
  • Jun 18, 2010 7:46am Jun 18, 2010 7:46am
Quoting nAVIN2007
we are in a 20 pip channel..i starting to think going to work isnt a bad idea this is like watching goldfish
its fun

hows u day
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  • #232,427
  • Jun 18, 2010 7:47am Jun 18, 2010 7:47am
Quoting Najee
Cleared all shorts at 4830. Had to go for a meeting. Came back and it breached 4800. Guessed I chickened out but ultimately made USD100...better than nothing. H4 is still looking to go down, waiting for a good level to sell again...any advice anyone?
shud have left ur tp intact... same here. shorted @4880, tp 4750.
am really having a rethink- the move is movin slower than i tot.
of course, i ll leave room for a retracement but only above the 4850 resistance would i reinstate my longs
  • #232,428
  • Jun 18, 2010 7:48am Jun 18, 2010 7:48am
Quoting nAVIN2007
yeah pretty much after a while u get to sense which area are key because of formations.. i added a 2nd chart simon
look at the 30 minute chart theres a pin and the high broke..this is price action indicating area has a chance to hold


support when broken turns to resistance (wait for confirmation (PA)
resistance when broke turns to support (wait for confirmation (PA)

edit - because theres a pin on the 30 minute its only really valid to the resistance point of the 30 minute

notice on the 1hr chart the high didnt break hence down..LOL patience...

Thanks very much for the explanation - very helpful
  • #232,429
  • Jun 18, 2010 7:55am Jun 18, 2010 7:55am
Quoting kill56
its fun

hows u day
its ok bro!! ..not pressing anything..my trades are long term so even if it falls not concerned hope it goes up thou..that area i was on about is still holding
  • #232,430
  • Jun 18, 2010 8:04am Jun 18, 2010 8:04am
I'm out of here. Boring day.

World Cup & BEER time
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #232,431
  • Jun 18, 2010 8:20am Jun 18, 2010 8:20am
Mostly watching today. No whiplash needed. Any trades will be very selective with small lots, tight stops - no predicting - go with the flow.
The market is always right.
  • #232,432
  • Jun 18, 2010 8:22am Jun 18, 2010 8:22am
time to tank
Thank You
  • #232,433
  • Jun 18, 2010 8:29am Jun 18, 2010 8:29am
Quoting ovic
shud have left ur tp intact... same here. shorted @4880, tp 4750.
am really having a rethink- the move is movin slower than i tot.
of course, i ll leave room for a retracement but only above the 4850 resistance would i reinstate my longs
no worries mate, made my daily target of usd150 a day and i'm an active day trader, so i'm ok with that. Definitely can't catch the top and bottom but happy to ride the bandwagon. Trade what you see and forget what others say. Anything you can learn from them is a bonus. There are lot of pro traders in this forum. Their info and expertise are indeed of great help.
  • #232,434
  • Jun 18, 2010 9:10am Jun 18, 2010 9:10am
Quoting Ctic
Really Fendi... No shorting anymore???? looks like they are shorting to me... In fact check this out http://www.forexfactory.com/showpost...stcount=232248. I even called the rise.... TO THE PIP.... before it dropped back down..

But as I siad before.. It is options expiry today and anything can still happen, so you have a chance it goes back up.
Yes, I noted that - was wondering if you found a Super Crystal Ball on your vacation in the Jungles !
  • #232,435
  • Jun 18, 2010 9:14am Jun 18, 2010 9:14am
This is what I'm seeing - If the 8 hour closes in 2 hours as an engulfing Bearish Candle I'll look to get in on a retrace to short at 1.4820 with a SL of 1.4920 and 1st target of 1.4720 and 2nd target of 1.4620. If the Daily closes as a Shooting Star, then the same as above, but entry on the retrace at 1.4800 SL still 1.4920 and 1st Target 1.4680 and second target 1.4560. Lets see what happens.
May the forex be with you |
  • #232,436
  • Jun 18, 2010 9:18am Jun 18, 2010 9:18am
Quoting FXFundi
This is what I'm seeing - If the 8 hour closes in 2 hours as an engulfing Bearish Candle I'll look to get in on a retrace to short at 1.4820 with a SL of 1.4920 and 1st target of 1.4720 and 2nd target of 1.4620. If the Daily closes as a Shooting Star, then the same as above, but entry on the retrace at 1.4800 SL still 1.4920 and 1st Target 1.4680 and second target 1.4560. Lets see what happens.
or we can skip the whole shabang, & fall straight to 4560 from here
Thank You
  • #232,437
  • Jun 18, 2010 9:30am Jun 18, 2010 9:30am
Quoting wormboy
or we can skip the whole shabang, & fall straight to 4560 from here
Let's do it that way!
******************* I'd rather make money than be right.
  • #232,438
  • Jun 18, 2010 9:36am Jun 18, 2010 9:36am
Quoting 4xStar
Let's do it that way!
by the looks of things atm, i think we won't get it
Thank You
  • #232,439
  • Jun 18, 2010 9:37am Jun 18, 2010 9:37am
Quoting wormboy
or we can skip the whole shabang, & fall straight to 4560 from here
Only 4560? I thought it would be 4000
  • #232,440
  • Jun 18, 2010 9:39am Jun 18, 2010 9:39am
Quoting wormboy
or we can skip the whole shabang, & fall straight to 4560 from here
NO, please I need my signals otherwise I'll miss the trade - I'm very strict about entries - only actually pull the trigger 3 or 4 times a month.
May the forex be with you |
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