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Cable Update (GBPUSD)

  • #234,181
  • Jun 28, 2010 3:28am Jun 28, 2010 3:28am
coward or no coward, u do what u feel comfortable with.
  • #234,182
  • Jun 28, 2010 3:28am Jun 28, 2010 3:28am
H4 is overbought it may correct again...
Never Stop Learning...
  • #234,183
  • Jun 28, 2010 3:29am Jun 28, 2010 3:29am
Quoting Forextrader4
Hahaha take your time, I will be back after some good sleep though

Ah of course, one of those "I-am-not-quite-sure-where-to-enter-this-but-if-I-keep-my-stops-large-enough-somehing-may-happen" trades
  • #234,184
  • Jun 28, 2010 3:32am Jun 28, 2010 3:32am
Quoting mloistianto
Just have a question for u. Do u ever lost in FOrex??
Yes ofcourse i do lose in Forex. But the most important thing is adding the winners and losers together and ending up with profit or in my case the amount of money in dollars i set my plan to make every month. Ofcourse i try to maximize my winners and minimize my losers. I'm having fun in this forum though because i've been doing it long enough and i love when other people just preach, it reminds me of church in away
  • #234,185
  • Jun 28, 2010 3:33am Jun 28, 2010 3:33am
Quoting cloggie
Ah of course, one of those "I-am-not-quite-sure-where-to-enter-this-but-if-I-keep-my-stops-large-enough-somehing-may-happen" trades
Hey mate.. why do i feel that guy is a newbie that claim to know how to trade??
  • #234,186
  • Jun 28, 2010 3:34am Jun 28, 2010 3:34am
Quoting cloggie
Ah of course, one of those "I-am-not-quite-sure-where-to-enter-this-but-if-I-keep-my-stops-large-enough-somehing-may-happen" trades
Hahaha Mr.cloggie with all the respect i am willing to show you my bank account "LIVE ON VIDEO" to prove to you my Forex income and what a young kid is capable of doing, Oh and you might very surprised with the balance What's more important is Not the support line, the MACD, the trend lines..... What important is Are you making money or NOT?? Bottom line bra
  • #234,187
  • Jun 28, 2010 3:36am Jun 28, 2010 3:36am
Quoting wormboy
hi guys.

good possibility of price making another new high today with the forming continuation pattern.

Good luck.
That is what I wrote in my diary - UP day - I think the mkt will try its tricks and finally end as you say.

BTW, where is BD-cake or even Candy will do ?

Get Well fast !
  • #234,188
  • Jun 28, 2010 3:39am Jun 28, 2010 3:39am
Weekly TL that started last week is still beautifully in play. I have been playing this line since last Tuesday. For any shorters to have any luck 50607 needs to hold.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: weekly tl held.gif Size: 25 KB
Click to Enlarge Name: weekly tl held m15.gif Size: 24 KB
  • #234,189
  • Jun 28, 2010 3:42am Jun 28, 2010 3:42am
Quoting mloistianto
Hey mate.. why do i feel that guy is a newbie that claim to know how to trade??
dunno, u tell us.
  • #234,190
  • Jun 28, 2010 3:44am Jun 28, 2010 3:44am
Quoting mloistianto
Just have a question for u. Do u ever lost in FOrex??
this is a silly question or it's really sarcastic.
  • #234,191
  • Jun 28, 2010 3:45am Jun 28, 2010 3:45am
I think if we can break 5070 on the up side it will bring 5130 into play but that looks like strong res so I am watching PA closely for a poss reversal GL everyone
Trade what you see never what you think!
  • #234,192
  • Edited 4:02am Jun 28, 2010 3:49am | Edited 4:02am
Quoting TheCatsPJs
I think if we can break 5070 on the up side it will bring 5130 into play but that looks like strong res so I am watching PA closely for a poss reversal GL everyone

Yeah it is still Moody Monday, lots in the way to the top 5061, 5067 and 5071. Still loads in the way to the bottom, including that pesky weekly TL, 5018, 5002, 4994. We are consolidating here after that move up from Friday, now we just need to sit back, wait for a clear range to form, preferably a bullish wedge and trade the breakout. Till then we are in scalpers paradise, just keep playing the bounces.

Any trade here before the break with a TP above either the top or below the bottom of the range is just gambling and sucker territory for the noobs.

EDIT: If one wanted to put a trade on wait for the retraces and keep buying. OF course you need to follow your own plan and risk appetite.
  • #234,193
  • Jun 28, 2010 4:02am Jun 28, 2010 4:02am
Quoting cloggie
Yeah it is still Moody Monday, lots in the way to the top 5061, 5067 and 5071. Still loads in the way to the bottom, including that pesky weekly TL, 5018, 5002, 4994. We are consolidating here after that move up from Friday, now we just need to sit back, wait for a clear range to form, preferably a bullish wedge and trade the breakout. Till then we are in scalpers paradise, just keep playing the bounces.

Any trade here before the break with a TP above either the top or below the bottom of the range is just gambling and sucker territory for the...
Too Right on attached chart see that we still have to clear the 100sma daily which has held since the begining of the year! looks like a quiet day of indecision yawn!!![IMG]file:///C:/Users/Any%20Authorised%20User/Documents/Charts/28th%20june%202010.gif[/IMG]
Attached Image (click to enlarge)
Click to Enlarge Name: 28th june 2010.gif Size: 26 KB
Trade what you see never what you think!
  • #234,194
  • Jun 28, 2010 4:04am Jun 28, 2010 4:04am
Quoting TheCatsPJs
Too Right on attached chart see that we still have to clear the 100sma daily which has held since the begining of the year! looks like a quiet day of indecision yawn!!!

Monday's can be like that, it sets the tone for the week. Last week was a prime example with the fake out followed by a solid move up that never really got interupted all the way to Friday.

I always judge the week by what happens on Monday. Major news not withstanding of course. For this week to retrace the bull move from last week, we need a solid new TL to form on the M30/H1 and that is far from likely today. Until that happens I see the pullbacks as opportunities to buy.

We are in store for some great moves on Cable this summer, every weakening of the dollar in the next few months will amplify the strengthening of Cable and we could be in store for lots more days like Friday in the next month or so.
  • #234,195
  • Jun 28, 2010 4:07am Jun 28, 2010 4:07am
Weekends post..

http://www.forexfactory.com/showpost...stcount=234080

Todays update...

Alright boys and girls, don't be haste wait for the break to enter long, as for me a retrace is on the cards...
Attached Image (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 144 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #234,196
  • Jun 28, 2010 4:14am Jun 28, 2010 4:14am
Dragon fly on 4h, that means something me. though its my opinion.
i think we will be painting the ceiling soon.
  • #234,197
  • Jun 28, 2010 4:14am Jun 28, 2010 4:14am
I'm out night night people.
  • #234,198
  • Jun 28, 2010 4:16am Jun 28, 2010 4:16am
nice playing 5min up & down before real trand coming
GELORE
  • #234,199
  • Jun 28, 2010 4:16am Jun 28, 2010 4:16am
Quoting cloggie
lots in the way to the top 5061, 5067 and 5071. .

Test of #1
  • #234,200
  • Jun 28, 2010 4:26am Jun 28, 2010 4:26am
Another desperate attempt to break the level...
Lets see...
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.gif Size: 22 KB
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