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Cable Trading (Serious Trading No Jokes)

  • #141
  • Jun 20, 2010 8:56pm Jun 20, 2010 8:56pm
Quoting Honored
I went long at DP. TP 1.4950 I think we have the momentum today to get there at London session
I'm with you.
Follow the rules and be successful.
  • #142
  • Jun 20, 2010 9:12pm Jun 20, 2010 9:12pm
Closed 2 longs @ 4870, will let the 3rd ride

will re-enter longs on drop to 4820
  • #143
  • Jun 20, 2010 9:13pm Jun 20, 2010 9:13pm
long GBP/USD @

4800......TG @ 4900
4837......TG @ 5000
4870......TG @ 5000

long EUR/USD @

2420.....TG @ 2525


long WTI Crude Oil @

78.40.....TG @ 80.00

I will add longs on any 50pips rise....the name of the game is going to change now as the Chinese Officials has agreed to revaluate their currency.....its going to give a boost to the EUR/USD and GBP/USD and the whole WORLD ECONOMY
  • #144
  • Jun 20, 2010 9:19pm Jun 20, 2010 9:19pm
Quoting forexlion
Closed 2 longs @ 4870, will let the 3rd ride

will re-enter longs on drop to 4820
well 3rd also gone @ 4881
  • #145
  • Jun 20, 2010 9:41pm Jun 20, 2010 9:41pm
my basis for booking profits @ 4881 was pretty simple, overbought on 1 hour, can enter another swing from a lower rate later

http://img16.imageshack.us/img16/9876/71367827.gif
  • #146
  • Jun 20, 2010 9:49pm Jun 20, 2010 9:49pm
while the overall daily trend still favors 1.50

http://img535.imageshack.us/img535/4415/54521373.gif
  • #147
  • Jun 20, 2010 10:21pm Jun 20, 2010 10:21pm
NB : CHANGE IN POSITION

long GBP/USD @

4800......TG @ 4950
4837......TG @ 5000
4870......TG @ 5000

long EUR/USD @

2420.....TG @ 2525


long WTI Crude Oil @

78.40.....TG @ 80.00

I will add longs on any 50pips rise....the name of the game is going to change now as the Chinese Officials has agreed to revaluate their currency.....its going to give a boost to the EUR/USD and GBP/USD and the whole WORLD ECONOMY
  • #148
  • Jun 20, 2010 10:55pm Jun 20, 2010 10:55pm
NB : CHANGE IN POSITION

long GBP/USD @

4800......TG @ 5000....protective stop @ 4900
4837......TG @ 5000
4870......TG @ 5000

long EUR/USD @

2420.....TG @ 2525


long WTI Crude Oil @

78.40.....TG @ 80.00

Im expecting a continuation in trend direction until the end of next week or until some bad news from Europe....otherwise were going higher....I will add longs on any 50pips rise....the name of the game is going to change now as the Chinese Officials has agreed to revaluate their currency.....its going to give a boost to the EUR/USD and GBP/USD and the whole WORLD ECONOMY
  • #149
  • Jun 20, 2010 11:07pm Jun 20, 2010 11:07pm
GBP/USD has broken above the the rising wedge o a 15minutes time frame....I will add one more long on any pullback....this signals a continuation 1.5000 is a possibility today...
  • #150
  • Edited 11:21pm Jun 20, 2010 11:15pm | Edited 11:21pm
]NB : CHANGE IN POSITION

long GBP/USD @

4800......TG @ 5000....protective stop @ 4900...STOP HIT PROFITS BOOKED @ 4900
4837......TG @ 5000
4870......TG @ 5000
4910......TG @ 5000

long EUR/USD @

2420.....TG @ 2525


long WTI Crude Oil @

78.40.....TG @ 80.00

Im expecting a continuation in trend direction until the end of next week or until some bad news from Europe....otherwise were going higher....I will add longs on any 50pips rise....the name of the game is going to change now as the Chinese Officials has agreed to revaluate their currency.....its going to give a boost to the EUR/USD and GBP/USD and the whole WORLD ECONOMY
  • #151
  • Jun 21, 2010 12:08am Jun 21, 2010 12:08am
Quoting tazzam72
Ok price at 14870 no , 30 more pips to go
good trade

what do you expect next
  • #152
  • Jun 21, 2010 1:56am Jun 21, 2010 1:56am
Going long again, same target 1.50 SL 4790 this time
  • #153
  • Jun 21, 2010 2:26am Jun 21, 2010 2:26am
Quoting jonimemonic
Hello forexlion,
........ I will wait for some wisdom words from you. God bless you and keep the good work.
Regards,
Jon
never trade less than 1 hour, unless forced to under extreme torture by the Romans
follow macd
  • #154
  • Jun 21, 2010 2:37am Jun 21, 2010 2:37am
Now I am going to wait for 38 % or 50 % retracment to trade wave 5 , maybe couples of days before i enter a new trade . I don't trade the correction wave 4 .
Attached Image (click to enlarge)
Click to Enlarge Name: gbp N1.png Size: 54 KB
  • #155
  • Jun 21, 2010 2:44am Jun 21, 2010 2:44am
NO CHANGE IN POSITION

long GBP/USD @

4800......TG @ 5000....protective stop @ 4900...STOP HIT PROFITS BOOKED @ 4900
4837......TG @ 5000
4870......TG @ 5000
4910......TG @ 5000
4865......TG @ 5000

long EUR/USD @

2420.....TG @ 2525


long WTI Crude Oil @

78.40.....TG @ 80.00
  • #156
  • Jun 21, 2010 2:47am Jun 21, 2010 2:47am
Quoting tazzam72
Now I am going to wait for 38 % or 50 % retracment to trade wave 5 , maybe couples of days before i enter a new trade . I don't trade the correction wave 4 .
so u trade 2 to 3 and 4 to 5 ?

where do u expect 4 to end
  • #157
  • Jun 21, 2010 2:48am Jun 21, 2010 2:48am
Quoting Breeze
NO CHANGE IN POSITION

long GBP/USD @

4800......TG @ 5000....protective stop @ 4900...STOP HIT PROFITS BOOKED @ 4900
4837......TG @ 5000
4870......TG @ 5000
4910......TG @ 5000
4865......TG @ 5000

long EUR/USD @

2420.....TG @ 2525


long WTI Crude Oil @

78.40.....TG @ 80.00
UH OH!!!
I've got my pips - go get yours!
  • #158
  • Jun 21, 2010 2:49am Jun 21, 2010 2:49am
The price will go move up to 1.50 maybe 1.52, I will wait for retracment first for finish wave 4, wave 4 maybe around 1.47 to 1.460 before we see a 5.



quote=forexlion;3816337]good trade

what do you expect next[/quote]
  • #159
  • Jun 21, 2010 2:54am Jun 21, 2010 2:54am
yes Forexlion only 2to 3 and 4 to 5 , wave 4 is really hard to trade because you don't know if this wave will retrace 25,38or 50% or it may no even retrace few pips down and move up again to finish wave 3

Quoting forexlion
so u trade 2 to 3 and 4 to 5 ?

where do u expect 4 to end
  • #160
  • Jun 21, 2010 2:59am Jun 21, 2010 2:59am
Quoting tazzam72
yes Forexlion only 2to 3 and 4 to 5 , wave 4 is really hard to trade because you don't know if this wave will retrace 25,38or 50% or it may no even retrace few pips down and move up again to finish wave 3
try this for MT4, its the closest u can get to read EW on MT4

connecting 2 n 4 on 4 hour, you get the max retrace before trend continuation for 5 as per wolf
Attached File(s)
File Type: mq4 Wolf.mq4   9 KB | 268 downloads
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