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Cable Trading (Serious Trading No Jokes)

  • #301
  • Jun 30, 2010 3:27am Jun 30, 2010 3:27am
Quoting stevefx
Generally diamond patterns are thought of as top reversal. I just think of them as reversal patterns. IE the way they came in is the way they go out.
yes maybe u are right but have we really changed major trend yet ?
Attached Image (click to enlarge)
Click to Enlarge Name: gud.PNG Size: 35 KB
  • #302
  • Jun 30, 2010 3:36am Jun 30, 2010 3:36am
fibbing daily fractals

http://img819.imageshack.us/img819/8627/93295682.gif
  • #303
  • Jun 30, 2010 3:51am Jun 30, 2010 3:51am
Quoting 5ysfx
yes maybe u are right but have we really changed major trend yet ?
Pattern failed anyway, but major trend I think is rather neutral. MACD registers Weekly in a buy and Monthly kind of riding the line verging on sell. Interim is still a bull. All of this down right now could be normal correction from the interim move. Lots of places to stop before 4700's. Right now to me H4 is top heavy and guiding price down.
  • #304
  • Jun 30, 2010 3:57am Jun 30, 2010 3:57am
i can agree with this yes, i thought would go a little higher into the 153-- area, also very true no retractments so might be time for one, we are seeing right now a big move to the downside so might be it although still in the channel



Quoting falkor
Frankly I am not that bullish becoz we have gone up quite a distance without any serious retracements. For me to buy into this, this has breakout of the supply zone which ends at 5120s. If it takes out, then play along with the trend.

Calling a top here is risky, but there are enough indications that we may be turinng around. Lots of divergences on hourly charts, rising wedge like formations, compact trading ranges.

I would like to see 48s or some resolution on bearish signals to go ahead.
  • #305
  • Jun 30, 2010 4:19am Jun 30, 2010 4:19am
Quoting forexlion
fibbing daily fractals

http://img819.imageshack.us/img819/8627/93295682.gif
considering the daily fractal the current touchdown should be around 4959 since we have already broken this week's lows

this seems to be a pre NFP dump

http://img101.imageshack.us/img101/645/71824441.gif
  • #306
  • Jun 30, 2010 4:44am Jun 30, 2010 4:44am
Quoting forexlion
excellent trades n views
Trade What you see on the chart NOT what you think will happen

Nice short-- break the 15026 low--- down she goes I sell the 15021 (minus spread) nice 40 + pips pic before It hit 138 fib ext = 14975 --- I have notice GU did not put the Ave daily range for the last 2 days-- hope to see 200 pips move high to low
Attached Image (click to enlarge)
Click to Enlarge Name: june18gu.gif Size: 18 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #307
  • Jun 30, 2010 7:12am Jun 30, 2010 7:12am
On a min chart, cable looking like a HS. This if it works should take it below the neck of the larger HS, triggering a downside. Just a possibility, it needs lots of confirmation to trade this setup.
Attached Image (click to enlarge)
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  • #308
  • Jun 30, 2010 7:48am Jun 30, 2010 7:48am
bad adp numbers, i am buying with target of 5025

5027 is support turned resistance

should get me 80 pips here
  • #309
  • Jun 30, 2010 8:14am Jun 30, 2010 8:14am
Quoting forexlion
bad adp numbers, i am buying with target of 5025

5027 is support turned resistance

should get me 80 pips here
added another @ 4970 should have waited for it to complete the move
  • #310
  • Jun 30, 2010 8:43am Jun 30, 2010 8:43am
Quoting forexlion
added another @ 4970 should have waited for it to complete the move
http://img155.imageshack.us/img155/9273/58887256.gif
  • #311
  • Jun 30, 2010 8:57am Jun 30, 2010 8:57am
chickened out +25 and +4
  • #312
  • Jun 30, 2010 9:00am Jun 30, 2010 9:00am
Nice

Man i am short , hoping to see 14845



Quoting forexlion
chickened out +25 and +4
  • #313
  • Edited 11:42am Jun 30, 2010 11:39am | Edited 11:42am
Quoting callim22
Hehe... We are in the same boat. Anyway, I'm still in the profit region of 40+ pips since yesterday night till now. Interestingly, M15 prices showing downtrend, H1 MACD has started to show bearish sign and H4 stochastic starting to show downward move, thus, I'm holding on to my short trade.

The tough part about my way of trading is that I'll need to go against the long term trend for a short while (i.e. bullish long term now but targeting for short term bearish retracement). It is usually very scary but I do get very good profit, especially when...
Okie, time to continue my 1 cents worth of view. The sell trade of GU at 1.5100 that I did on yesterday night had managed to move to 1.4940 a while ago. A good profit of 160 pips since yesterday till now. I'm out already since the profit is good. Anyway, I'm still of the view that GU will continue its bearish move but should be getting limited. Rationale being that H4 TF have not reach the bottom of a 4hr uptrend channel (still have room for downward move before coming up), H1 and M15 MACD has become much more bearish as compared to this afternoon. The only thing that I'm seeing a chance of uptrend continuation is a bullish divergence on M5. Nonetheless, this does not means that the bearish retracement is consider complete. I'm still believed in the 1.4870 region.

The key reason as to why I had exited my sell trade is that they are high impact news for GU tomorrow and I'm always out when news is near.
Will keep the profit for another better trade.

Happy that my contrarion trades has done well since 2 day ago. A good profit of around 210 pips for 2 trades in 2 days.

Good luck to bros here and may luck be with u.

Will post again when I see opportunity for upward continuation
  • #314
  • Jun 30, 2010 12:00pm Jun 30, 2010 12:00pm
Quoting callim22
Okie, time to continue my 1 cents worth of view. The sell trade of GU at 1.5100 that I did on yesterday night had managed to move to 1.4940 a while ago. A good profit of 160 pips since yesterday till now. I'm out already since the profit is good. Anyway, I'm still of the view that GU will continue its bearish move but should be getting limited. Rationale being that H4 TF have not reach the bottom of a 4hr uptrend channel (still have room for downward move before coming up), H1 and M15 MACD has become much more bearish as compared to this afternoon....
I like your style you trade what you see -- no prediction of the future
Well for me I focus on one time frame 1hr and one currency GU -- no flipping chart . I have my rules and stick with them. Stick to your rules you will be a better trader. (you will not win all )
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #315
  • Jun 30, 2010 12:23pm Jun 30, 2010 12:23pm
Quoting zamanib
I like your style you trade what you see -- no prediction of the future
Well for me I focus on one time frame 1hr and one currency GU -- no flipping chart . I have my rules and stick with them. Stick to your rules you will be a better trader. (you will not win all )
Hi Zamanib, thanks for the advice. I totally agreed with you on sticking to the rules and I do follow them strictly. I have strict rules for entry and SL but my TP rules are more versatile. The TP rules does change accordingly to time and how market unfold. Certain times do call for some changes in TP setting and I usually adjust the TP, especially when FA gets a bit out of hand. I'm more of a TA guy supplemented with FA.

Its good to trade on single TF chart (being systematic) but I find that it is equally important to be able to analysis all the various TF chart and come to a good entry conclusion before starting to trade on the preferred single TF chart. Although tedious and tiring but it pays off when most of your trades achieves high satisfaction from good entry/SL/TP points and best of all, good profits.

Lastly, I totally agree that we will not win all. More importantly, we need to be consistently profitable. Let's master the art of "minimising risk and maximising profit" and we will be a successful trader
  • #316
  • Edited 5:05pm Jun 30, 2010 3:48pm | Edited 5:05pm
Price hit the 1.618 EXT Move my SL to entry point risk free trade now to 2.618 EXT


Quoting tazzam72
I See a break on the 4 H chart

So switch to the 60 M for entery

I just enter a sell To the 2.618 FIb EXT
1 TP at the 1.618 (14915 ) and possible all the way to 2nd TP 14798(2.618 Fib EXT)

My SL above the high of wave 5 .
Attached Image (click to enlarge)
Click to Enlarge Name: GU 1.618 3.png Size: 52 KB
  • #317
  • Jun 30, 2010 3:54pm Jun 30, 2010 3:54pm
Short EU My Tp 12100 SL @12306
Attached Image (click to enlarge)
Click to Enlarge Name: EU TOdau wave 5 4.png Size: 39 KB
  • #318
  • Jun 30, 2010 10:50pm Jun 30, 2010 10:50pm
I can be wrong

http://img19.imageshack.us/img19/3919/38370979.gif
  • #319
  • Jun 30, 2010 11:57pm Jun 30, 2010 11:57pm
what if the above trend channel does not hold, n a top is really in place @ 5128, then

this is purely guess work, this chart is modified for guess work


http://img16.imageshack.us/img16/9899/13253076.gif
  • #320
  • Jul 1, 2010 12:12am Jul 1, 2010 12:12am
Quoting forexlion
what if the above trend channel does not hold, n a top is really in place @ 5128, then

this is purely guess work, this chart is modified for guess work


http://img16.imageshack.us/img16/9899/13253076.gif
MY plan : Wait for the 2am NY candle to close -- Then see where price is respect to the 14971 (high) 14950 also ( the last high) and the 14911 (low)
My target has to do with the daily range last few days we see range from 94 111 160 hope to see a 200 pips range in the next few days
Attached Image (click to enlarge)
Click to Enlarge Name: june18gu.gif Size: 20 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
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