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Cable Update (GBPUSD)

  • #234,081
  • Jun 27, 2010 5:24pm Jun 27, 2010 5:24pm
Hint for the countertraders, keep an eye on 5018
  • #234,082
  • Jun 27, 2010 5:24pm Jun 27, 2010 5:24pm
Quoting cloggie
Most are too chicken now to admit they are short after we all jumped on their case last Friday, scared the muppets away. Nice and quiet, now we can get on with some serious trading setups here. Not holding my breath though, only a matter of time before the next countertrader shows up. The long boys took their profit at this resistance and are now watching to see what is happens with the TL's here, just to see if this is an opportunity to get a better deal or to steal few pips on the TY retrace.

EDIT: there we go, 15 moving below the 25, onwards...


Remember the word underdog.

Maybe cuz the USA and UK are in mourning and shellshocked
from their losses in the World Cup and the rest of the
world is celebrating. No one else interested in trading.

Dr. D.
  • #234,083
  • Jun 27, 2010 5:25pm Jun 27, 2010 5:25pm
Hi all.
i think now GU will go down for a while.
So i want to take short position.
Do you have any suggestion for my TP?
Thanks
  • #234,084
  • Jun 27, 2010 5:26pm Jun 27, 2010 5:26pm
Quoting fourxtrader
Maybe cuz the USA and UK is mourning and in shellshock
from their losses in the World Cup and the rest of the
world is celebrating. No one else interested in trading.

Dr. D.

How true, England was dismal, US got hammered by Ghana, however Argentina looked good even with Mesi not doing anything, going to be interesting Germany v Argentina. Hopefully now we are going to see some decent football, pretty mediocre til now.
  • #234,085
  • Jun 27, 2010 5:26pm Jun 27, 2010 5:26pm
Quoting kingsteven
Do you have any suggestion for my TP?
Thanks

Does anybody read my posts?
  • #234,086
  • Jun 27, 2010 5:27pm Jun 27, 2010 5:27pm
I am trying out Magix's new template. I am looking for a break of the h4 trendline, pink one, for a long. If I get a short signal from the m30 chart I may look to short down towards the d1 trend line I have, it is aqua colored. I won't even claim to be smart enough to pick a direction for the pair but just looking to get some pips either way it moves.

exampleh4.gif
examplem30.gif
Attached Images
  • #234,087
  • Jun 27, 2010 5:28pm Jun 27, 2010 5:28pm
Quoting cloggie
Hint for the countertraders, keep an eye on 5018

Made the font a little bigger for you kingsteven, this is your next stop
  • #234,088
  • Jun 27, 2010 5:29pm Jun 27, 2010 5:29pm
Quoting cloggie
Does anybody read my posts?


Dr. D.
  • #234,089
  • Jun 27, 2010 5:33pm Jun 27, 2010 5:33pm
Quoting fourxtrader


Dr. D.

Short of trading their money, what else can I do?
  • #234,090
  • Jun 27, 2010 5:33pm Jun 27, 2010 5:33pm
i admit i was rong on friday to jump short in such bull movement..short open frm 15030 avg looking to just close it around evn break or little green ...dont wanr counter trend looking for dips to buy sl below 14955..cloggie thumbs up great trader thank u sir
Quoting cloggie
Does anybody read my posts?
We cannot direct the winds but we can adjust our sail.
  • #234,091
  • Jun 27, 2010 5:35pm Jun 27, 2010 5:35pm
Quoting cloggie
Hint for the countertraders, keep an eye on 5018
will i am looking for the DP around 14990's if we break it we might see some action other wise buy the dips lets wait for the little guys and see what they will do
  • #234,092
  • Jun 27, 2010 5:37pm Jun 27, 2010 5:37pm
Quoting kill56
will i am looking for the DP around 14990's if we break it we might see some action other wise buy the dips lets wait for the little guys and see what they will do

Once 5018 goes I got 5002, 4993
  • #234,093
  • Jun 27, 2010 5:37pm Jun 27, 2010 5:37pm
Quoting cloggie
Hint for the countertraders, keep an eye on 5018
Thank you for the heads up, I missed that when I drew my trend lines.
  • #234,094
  • Jun 27, 2010 5:38pm Jun 27, 2010 5:38pm
Quoting mdiz2
Thank you for the heads up, I missed that when I drew my trend lines.
It is the next support on the 15, logical place for any bounce.
  • #234,095
  • Jun 27, 2010 5:38pm Jun 27, 2010 5:38pm
Quoting cloggie
Made the font a little bigger for you kingsteven, this is your next stop
Thanks for your help
Sorry, i didn't read your post about it when i typing last post.
You are so fast.
  • #234,096
  • Jun 27, 2010 5:46pm Jun 27, 2010 5:46pm
Quoting cloggie
Short of trading their money, what else can I do?
+9 pips Trade closed
waiting for better position.
  • #234,097
  • Jun 27, 2010 5:47pm Jun 27, 2010 5:47pm
update m30

i dont know if my S/R are correct or not
Attached Image (click to enlarge)
Click to Enlarge Name: 30m cable.gif Size: 37 KB
  • #234,098
  • Jun 27, 2010 6:20pm Jun 27, 2010 6:20pm
Quoting kill56
update m30

i dont know if my S/R are correct or not
Just in case you were wondering kill...

Because you have the isessions indicator in your indicators folder, you will get these yellow bars on your screen...The open of this bar is GMT0, or daily rollover.

You can set a horizontal line to see if true direction on the day is positive or negative with this.

Attached Image (click to enlarge)
Click to Enlarge Name: 30m cable2.gif Size: 39 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #234,099
  • Jun 27, 2010 6:29pm Jun 27, 2010 6:29pm
cloggie look at this
Attached Image (click to enlarge)
Click to Enlarge Name: 30m cable.gif Size: 31 KB
  • #234,100
  • Jun 27, 2010 6:43pm Jun 27, 2010 6:43pm
Quoting Magix
Just in case you were wondering kill...

Because you have the isessions indicator in your indicators folder, you will get these yellow bars on your screen...The open of this bar is GMT0, or daily rollover.

You can set a horizontal line to see if true direction on the day is positive or negative with this.

thanks

have some new i-sessions testing i am out of town now back in 2 days one darn laptop but the LC is working fine

on m15 the ema 24 holding m5 looks sexy may be a visit to the 200
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