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Cable Trading (Serious Trading No Jokes)

  • #221
  • Jun 25, 2010 9:11am Jun 25, 2010 9:11am
What a ride....hope evryone cashed in.......goodnite & good trading...
  • #222
  • Jun 25, 2010 4:59pm Jun 25, 2010 4:59pm
So the price reach the MOB now waiting for reversal confirmation

Quoting tazzam72
The market looks really funny today , according to GET the price broke wave 3 that means that there is a 70% chance that the price may reach some where around 15100 before major reversal , so I will wait for reversal to sell maybe next week .

I am still long EUR USD this trade looks funny but all sginal for long still vaild on my 4 H chart , so i am staying to TP or SL
Attached Image (click to enlarge)
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  • #223
  • Jun 25, 2010 5:03pm Jun 25, 2010 5:03pm
Euro +ve pips now left this trade open for next week.

Quoting tazzam72
Euro 4 H

As you see that Gann Support for Uptrend still holding very well .
1 - If price break the blue circle upper one ( Elips) the price will fly up
2-If the price break the lower blue circle ( The price will go down o the next Gann supprt blue line around 12100.


FYI, I am long for now trading wave 5 Elliot wave on 4 H chart as you see.
  • #224
  • Jun 25, 2010 10:10pm Jun 25, 2010 10:10pm
Hi Forexlion

There are 2 scenarios here

1- We can see a reversal now on this weekly chart based on this Gann R Line

If there is a clear break through this gann Support


2- the price may reach the next gann which around 1.65 to 1.67 , we will know in the next few weeks .
FYI if the price move up that high(to the next gann support) it will be hard for the GBP to make a new low ,the chance for a new low will be under 50%. Based on elliot wave because red channel. We will see.

Quoting forexlion
so considering this daily and weekly, what is your pick on cable ?

I am looking @ 5053 as the completion level of this rise, and should bring fall resumption to test lows below 3500
Attached Image (click to enlarge)
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  • #225
  • Jun 25, 2010 10:11pm Jun 25, 2010 10:11pm
CHANGE IN POSITIONS

long GBP/USD @

4913......TG @ 5050....TRADE CLOSED @ 4982 PROFITS BOOKED
4860......TG @ 5050....protective stop @ 4960....TRADE CLOSED @ 4972 PROFITS BOOKED
4937......TG @ 5050....TRADE CLOSED @ 4982 PROFITS BOOKED
4970......TG @ 5050....TRADE CLOSED @ 5050 PROFITS BOOKED

long EUR/USD @

2420.....TG @ 2525


long WTI Crude Oil @

78.40.....TG @ 80.00
  • #226
  • Jun 25, 2010 11:00pm Jun 25, 2010 11:00pm
Quoting tazzam72
Hi Forexlion

There are 2 scenarios here

[font=Times New Roman]1-...
I tend to agree on the topside

as I see massive dollar weakness developing.

this should propel all currencies against the dollar
  • #227
  • Jun 25, 2010 11:03pm Jun 25, 2010 11:03pm
Monday should be interesting....
Attached Image
  • #228
  • Jun 25, 2010 11:50pm Jun 25, 2010 11:50pm
Quoting forexlion
I tend to agree on the topside

as I see massive dollar weakness developing.

this should propel all currencies against the dollar
http://img149.imageshack.us/img149/2863/35101587.gif
  • #229
  • Jun 27, 2010 6:20am Jun 27, 2010 6:20am
Hi all....just going through my charts drawing lines ahead of the opening....looks as if bulls have taken control of GBP/USD....will buy on any dips as I see bullish div on the weekly(HL)....
  • #230
  • Jun 27, 2010 7:15am Jun 27, 2010 7:15am
OK HERE WE GO...
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  • #231
  • Edited 8:34am Jun 27, 2010 8:15am | Edited 8:34am
Quoting forexlion
I tend to agree on the topside

as I see massive dollar weakness developing.

this should propel all currencies against the dollar
Here are some musings along these lines:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ewgu.png Size: 469 KB
Click to Enlarge Name: gumonthly.png Size: 552 KB
  • #232
  • Jun 27, 2010 3:26pm Jun 27, 2010 3:26pm
CHANGE IN POSITIONS

long GBP/USD @

4913......TG @ 5050....TRADE CLOSED @ 4982 PROFITS BOOKED
4860......TG @ 5050....protective stop @ 4960....TRADE CLOSED @ 4972 PROFITS BOOKED
4937......TG @ 5050....TRADE CLOSED @ 4982 PROFITS BOOKED
4970......TG @ 5050....TRADE CLOSED @ 5050 PROFITS BOOKED

long EUR/USD @

2420.....TG @ 2525


long WTI Crude Oil @

78.40.....TG @ 80.00
  • #233
  • Jun 27, 2010 7:50pm Jun 27, 2010 7:50pm
Will position when london opens....as Cbl is stuck below the trendline(1.5060-70)....which might create a trap for both shorts and longs........but a break above will be an opportunity to long.....its waiting game.
  • #234
  • Jun 27, 2010 9:44pm Jun 27, 2010 9:44pm
POSITIONS

long GBP/USD @

5048.....OPEN TG


long EUR/USD @

2420.....TG @ 2525


long WTI Crude Oil @

78.40.....TG @ 80.00
  • #235
  • Jun 27, 2010 11:40pm Jun 27, 2010 11:40pm
for some odd reason i dun feel like buying cable right now, neither am i shorting, just sitting on the fence and waiting for a good entry

http://img534.imageshack.us/img534/9059/17305210.gif
  • #236
  • Jun 27, 2010 11:49pm Jun 27, 2010 11:49pm
Quoting forexlion
for some odd reason i dun feel like buying cable right now, neither am i shorting, just sitting on the fence and waiting for a good entry
Hi, Is this possible to share the slope direction line (the one with blue, yellow, red line) like indi?

Thanks
  • #237
  • Jun 27, 2010 11:59pm Jun 27, 2010 11:59pm
Quoting darksorrow
Hi, Is this possible to share the slope direction line (the one with blue, yellow, red line) like indi?

Thanks
http://www.forexfactory.com/showthread.php?t=238822
  • #238
  • Jun 28, 2010 12:08am Jun 28, 2010 12:08am
Quoting forexlion
for some odd reason i dun feel like buying cable right now, neither am i shorting, just sitting on the fence and waiting for a good entry
I'm in the same boat. Was expecting some correction but why sell it? If thats all its getting pretty sad at 23%. Makes upside look promising. Waiting to breaking R1, get a long signal on 30 min TF, rock and roll for a couple hundred pips...
  • #239
  • Jun 28, 2010 12:08am Jun 28, 2010 12:08am
Quoting forexlion
http://www.forexfactory.com/showthread.php?t=238822
Thanks a lot
  • #240
  • Jun 28, 2010 12:35am Jun 28, 2010 12:35am
Quoting stevefx
I'm in the same boat. Was expecting some correction but why sell it? If thats all its getting pretty sad at 23%. Makes upside look promising. Waiting to breaking R1, get a long signal on 30 min TF, rock and roll for a couple hundred pips...
my target levels if this does give longs

 

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