Thx Magix .... and Cloggie 
Cable Update (GBPUSD)
- #237,182
- Jul 12, 2010 6:48am Jul 12, 2010 6:48am
- Joined Feb 2010 | Status: Helping Others | 1,668 Posts
Know when to hold em, Know when to fold em!
- #237,183
- Jul 12, 2010 6:55am Jul 12, 2010 6:55am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Nice ride up
The gbplfx bounced at the confluence & is looking to head towards dp. That happens, cable will likely see past current resistance @5054 & retest breakout point @5100. Partial profit booked, enjoy the ride folks!
Good luck
Thank You 
- #237,184
- Jul 12, 2010 7:00am Jul 12, 2010 7:00am
We may both br right??LOL.. IMHO we are in an ABC correction after 5 waves....we r in AB leg...with a 1-5 wave count...we r in wave 4( which may go to 200ema on hour I think magik said this ??) However as far as daily ..yes this could be beginning of 1-5 waves??? 
What timeframe are you looking at?
Wavecounts, are different within different tf's.
Anyway, 1.4797 is good for me by NY close
- #237,185
- Jul 12, 2010 7:01am Jul 12, 2010 7:01am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Here comes the 54 test
perfect place to take off from...
- #237,188
- Jul 12, 2010 7:06am Jul 12, 2010 7:06am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
we going to break the high now..with a bit of help
perfect place to take off from...
I'm taking the rest of my money off the table at last week's breakout level @5100 & will only buy back if price can clear 5120 cleanly. If cable fails to break it, i'll be selling again.
Thank You
- #237,189
- Jul 12, 2010 7:09am Jul 12, 2010 7:09am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #237,192
- Jul 12, 2010 7:13am Jul 12, 2010 7:13am
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
Short stopped @ 1.5080
Left me 10 pips profit from what were 140
First time I was urged to keep my short thinking 140 pips for trail should be sufficiant, one illusion less, I still can't believe it......
Left me 10 pips profit from what were 140
First time I was urged to keep my short thinking 140 pips for trail should be sufficiant, one illusion less, I still can't believe it......
Don't be a hero. Don't have an ego. Always question yourself
- #237,194
- Jul 12, 2010 7:24am Jul 12, 2010 7:24am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Short stopped @ 1.5080
Left me 10 pips profit from what were 140
First time I was urged to keep my short thinking 140 pips for trail should be sufficiant, one illusion less, I still can't believe it......
But, on the brighter side of things...It's only Monday, you got the rest of the week to make that back and more.
5m triggered to 15m resistance...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #237,195
- Jul 12, 2010 7:31am Jul 12, 2010 7:31am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
If it bounces down, I'm going long to 1.5080.
that don't make sense. why won't you short if it bounce down?
Thank You
- #237,196
- Jul 12, 2010 7:34am Jul 12, 2010 7:34am
- Joined Feb 2010 | Status: Helping Others | 1,668 Posts
that don't make sense. why won't you short if it bounce down?
Daily chart is below 200 ma. trend is down I agree with you.
I am a bear on this trade
Know when to hold em, Know when to fold em!
- #237,197
- Jul 12, 2010 7:34am Jul 12, 2010 7:34am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
that don't make sense. why won't you short if it bounce down?
Buy support...sell resistance...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #237,198
- Jul 12, 2010 7:35am Jul 12, 2010 7:35am
- Joined Mar 2010 | Status: aka QueenB | 4,808 Posts
5m triggered to 15m resistance...
- #237,200
- Jul 12, 2010 7:36am Jul 12, 2010 7:36am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
I missed the earlier triggers but got this one right on!! Using Magix of course
Ya don't have to be in every play to make money....
Just keep on the right side of the action and take what you are around for.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!