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Cable Update (GBPUSD)

  • #233,861
  • Jun 25, 2010 10:33am Jun 25, 2010 10:33am
So there you go three posts with 3 simple TL charts that have worked since Monday open.
  • #233,862
  • Jun 25, 2010 10:34am Jun 25, 2010 10:34am
still riding the trend..
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  • #233,863
  • Jun 25, 2010 10:34am Jun 25, 2010 10:34am
yeah... and thanks for post it

my shorts are stopped... i think im done for this week
  • #233,864
  • Jun 25, 2010 10:35am Jun 25, 2010 10:35am
Quoting cloggie
So there you go three posts with 3 simple TL charts that have worked since Monday open.
Good job cloggie, nice charts
  • #233,865
  • Jun 25, 2010 10:38am Jun 25, 2010 10:38am
Quoting Forextrader4
Good job cloggie, nice charts

Just keeping it simple, some here try to overcomplicate this trading malarkey
  • #233,866
  • Jun 25, 2010 10:40am Jun 25, 2010 10:40am
Quoting cloggie
Just keeping it simple, some here try to overcomplicate this trading malarkey
The work of a master! Well done. Simple yet effective. Thanks for sharing mate.
  • #233,867
  • Jun 25, 2010 10:40am Jun 25, 2010 10:40am
Quoting cloggie
Just keeping it simple, some here try to overcomplicate this trading malarkey
Lol that's what i say. But i am just gona keep to myself from now on since i'm not use to drama online
  • #233,868
  • Jun 25, 2010 10:44am Jun 25, 2010 10:44am
Quoting Leeson
The work of a master! Well done. Simple yet effective. Thanks for sharing mate.

Trading is a game of propabilities, what is the probability of a TL that has been respected all week to be ignored in the last hour of the last day of the trading week, unless there is loads of profit taking here. And that is not a trade setup I would risk, that's why it was easy to call 4976 and 4985 a few hours ago.
  • #233,869
  • Jun 25, 2010 10:45am Jun 25, 2010 10:45am
Quoting baruch
yeah... and thanks for post it

my shorts are stopped... i think im done for this week
read in the week end for free

http://stockcharts.com/school/doku.p...estick_pattern

http://chart-patterns.netfirms.com/ascending.htm
  • #233,870
  • Jun 25, 2010 10:57am Jun 25, 2010 10:57am
o cable...please kiss my target..
Attached Image
  • #233,871
  • Jun 25, 2010 10:58am Jun 25, 2010 10:58am
Quoting cloggie
Trading is a game of propabilities, what is the probability of a TL that has been respected all week to be ignored in the last hour of the last day of the trading week, unless there is loads of profit taking here. And that is not a trade setup I would risk, that's why it was easy to call 4976 and 4985 a few hours ago.

4994 is the next touch to complete the TL that started Monday.
  • #233,872
  • Jun 25, 2010 11:22am Jun 25, 2010 11:22am
Quoting cloggie
4994 is the next touch to complete the TL that started Monday.
Using line chart is more confidence to me.

I am done for today & not to carry post anymore. 50pips is ok for me today. by the way, thanks for some view this few days.. help me alot to control my mindset. sorry with my english is not good enough as other.

Wish u all happy weekend
GELORE
  • #233,873
  • Jun 25, 2010 11:24am Jun 25, 2010 11:24am
Quoting cloggie
4994 is the next touch to complete the TL that started Monday.

Job done, now anyone thinking of a short will have a higher probability of success. Not for me though, too late on the Friday and I don't hold daytrades over the weekend.
  • #233,874
  • Jun 25, 2010 11:25am Jun 25, 2010 11:25am
a few pips to go.. ready to close it if she know my TP and refuse to kiss it.. happy weekend to all...
Attached Image
  • #233,875
  • Jun 25, 2010 11:27am Jun 25, 2010 11:27am
This is the spike I've been waiting for.
I'm getting ready to short any minute now...
  • #233,876
  • Jun 25, 2010 11:29am Jun 25, 2010 11:29am
does anyone looking for short at 1.5010 ?? also 1.5040 seems to be good place for sell
  • #233,877
  • Jun 25, 2010 11:30am Jun 25, 2010 11:30am
Quoting kill56
read in the week end for free

http://stockcharts.com/school/doku.p...estick_pattern

http://chart-patterns.netfirms.com/ascending.htm
I learn more on this site/thread from you cloggie magix (and others i may have omitted)about sticking to the basics:-,only trading on the experience you posess,and that if u dont know what someone is talking about you go research their speek.Thanks for helping me through this week.
All systems of divination, like music itself,work through patterns.
  • #233,878
  • Jun 25, 2010 11:32am Jun 25, 2010 11:32am
TP hit...enough for this week..bye all..see you on monday..
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  • #233,879
  • Jun 25, 2010 11:32am Jun 25, 2010 11:32am
Quoting PipVip
This is the spike I've been waiting for.
I'm getting ready to short any minute now...

You'd only be picking the tops and end up with smelly fingers. Why not wait for the PA to consolidate before it moves down, after a move like this it is not likely to bounce right back down again, it will need a bit of consolidating before the river starts flowing again and you can safely enjoy the ride.

Yes, picking the top to the pip is very profitable and rewarding, but the risk of misjudging it is just too great.

I would be inflating my lilo and stocking up on beer before jumping in the rapids here.
  • #233,880
  • Jun 25, 2010 11:34am Jun 25, 2010 11:34am
Quoting cloggie
You'd only be picking the tops and end up with smelly fingers. Why not wait for the PA to consolidate before it moves down, after a move like this it is not likely to bounce right back down again, it will need a bit of consolidating before the river starts flowing again and you can safely enjoy the ride.

Yes, picking the top to the pip is very profitable and rewarding, but the risk of misjudging it is just too great.

I would be inflating my lilo and stocking up on beer before jumping in the rapids here.
Thanks for your advice.
Any minute now...
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