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Cable Update (GBPUSD)

  • #232,761
  • Jun 21, 2010 9:09pm Jun 21, 2010 9:09pm
GU still in range (sideway) and strength meter show GBP and USD have same strength.
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  • #232,762
  • Jun 21, 2010 9:10pm Jun 21, 2010 9:10pm
Quoting clientfx
just sharing my way of trading here...no commercial thing..everyone have their own trading system so im showing now as you asking me to post a charts..so im doing it.
true thanks in this room we do share our systems and its free and if u need any help u will find a lot here can help for free
  • #232,763
  • Jun 21, 2010 9:18pm Jun 21, 2010 9:18pm
Quoting kill56
true thanks in this room we do share our systems and its free and if u need any help u will find a lot here can help for free
its funny to see how many times you said the word free in your little sentence
  • #232,764
  • Jun 21, 2010 9:19pm Jun 21, 2010 9:19pm
Quoting Forextrader4
I'm still holding my gbp/usd long trade. This trade is based strictly on a temporary reversal, as for the overall trend is still Down for sure.
waiting for qqe to give you exit signal?
  • #232,765
  • Jun 21, 2010 9:21pm Jun 21, 2010 9:21pm
Quoting Robot
its funny to see how many times you said the word free in your little sentence
man he wants to charge ppl $250 for his ebook http://cdn.forexfactory.com/images/editor/menupop.gif and i will give it to him for freeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
  • #232,766
  • Jun 21, 2010 9:22pm Jun 21, 2010 9:22pm
hourly chart sticking to the 200sma for a few hours already, but not really going up,
waiting for 15min chart to confirm
  • #232,767
  • Jun 21, 2010 9:24pm Jun 21, 2010 9:24pm
Quoting kill56
man he wants to charge ppl $250 for his ebook http://cdn.forexfactory.com/images/editor/menupop.gif and i will give it to him for freeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
ofcourse bro if you cant make money in forex trading why not making money from selling a system
  • #232,768
  • Jun 21, 2010 9:49pm Jun 21, 2010 9:49pm
Quoting Robot
waiting for qqe to give you exit signal?
Waiting for a qqe exit signal?? You mean an indicator??? Nah man that's not how i trade lol There is nothing better than PURE price action and logical levels (important support and resistance), and definitely LOVE trend lines as i also use them a lot.
  • #232,769
  • Jun 21, 2010 10:04pm Jun 21, 2010 10:04pm
Quoting kill56
man he wants to charge ppl $250 for his ebook http://cdn.forexfactory.com/images/editor/menupop.gif and i will give it to him for freeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
250???? that's very cheap kill, cos i will sell my book $ 5000/copy, why should give it for hundreds if the book (and or system in that) give real (proofed) profit.., right?


ps : i don't believe any philanthropist in Forex world (sure except you kill )
I will be the number one Manager.
  • #232,770
  • Jun 21, 2010 10:10pm Jun 21, 2010 10:10pm
Tonight I am only shorting the GBPUSD.

Good trading
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  • #232,771
  • Jun 21, 2010 10:17pm Jun 21, 2010 10:17pm
Quoting javapips
250???? that's very cheap kill, cos i will sell my book $ 5000/copy, why should give it for hundreds if the book (and or system in that) give real (proofed) profit.., right?


ps : i don't believe any philanthropist in Forex world (sure except you kill )
dont asking me..i dont know why
  • #232,772
  • Jun 21, 2010 10:52pm Jun 21, 2010 10:52pm
Just holding above daily open...If we lose support here, I am out of my last 2 longs, 1.4754, and will look for more if the hourly confirms to the southside.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #232,773
  • Jun 21, 2010 11:01pm Jun 21, 2010 11:01pm
Inserted Video
  • #232,774
  • Jun 21, 2010 11:07pm Jun 21, 2010 11:07pm
Quoting Magix
Just holding above daily open...If we lose support here, I am out of my last 2 longs, 1.4754, and will look for more if the hourly confirms to the southside.
agree wit you

my H1 chart show maybe price can going to this red line/middle BB

but im just take small tp only



p/s: this is not a promote.just share mya chart
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  • #232,775
  • Jun 21, 2010 11:20pm Jun 21, 2010 11:20pm
Quoting clientfx
agree wit you

my H1 chart show maybe price can going to this red line/middle BB

but im just take small tp only



p/s: this is not a promote.just share mya chart
I have posibilities a little higher...but right now, I am not liking the strength here...as in, there really isn't any.

I would prefer if we confirmed on the 1m and trigger, might just let this go at BE...and wait for a proper trigger...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #232,776
  • Jun 21, 2010 11:20pm Jun 21, 2010 11:20pm
Quoting forexlion
http://www.youtube.com/watch?v=CDzm80OTzwc
I made a ton off BP w/ Puts... I guess it is my compensation for what the did since I live on the Gulf Coast of Florida.
  • #232,777
  • Jun 21, 2010 11:27pm Jun 21, 2010 11:27pm
Quoting Magix
I have posibilities a little higher...but right now, I am not liking the strength here...as in, there really isn't any.

I would prefer if we confirmed on the 1m and trigger, might just let this go at BE...and wait for a proper trigger...
yeah..my trigger is using M5..i see flat rising PA
  • #232,778
  • Jun 21, 2010 11:48pm Jun 21, 2010 11:48pm
Sitting out for now...until I see a 5m confirmation long or an hourly short...this chart is completely bearish, but still has me thinking like a bull...

When in doubt...sit it out.

Enjoy guys!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #232,779
  • Jun 22, 2010 12:03am Jun 22, 2010 12:03am
Yesterday GBP gave a fake breakout on the upside and now breaks below the wedge. If it holds below for long, I am expecting some good unwinding in this. Chart - 2hr.
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  • #232,780
  • Jun 22, 2010 12:13am Jun 22, 2010 12:13am
Quoting crak0
I've got a rising wedge on my H1 chart...

Wouldn't be surprised if it touches the lower TL prior to tomorrows budget news... pending the outcome of that, it could be the catalyst for a breakout (hoping lower since I'm short).

Attachment

Broke out lower from the wedge... Wasn't expecting it so soon, but good for my short none the less.

Budget news tonight will be the highlight tonight... wouldn't be surprised for some volatility during the budget until a final direction is decided upon after the budget...

Exiting my short pending close back into the wedge...
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