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Cable Update (GBPUSD)

  • #237,201
  • Jul 12, 2010 9:41am Jul 12, 2010 9:41am
Hi guys & gals,

been off trading floor doing development project...hope everyone's had a prosperous time...

today we are seeing exact opposite of friday action where we had heavy selling pressure

break of 1.5052 triggered a good size of buy stops at the top of the hour
which should thrust the price to upper highs of yesterday if enough power is behind her...
Attached Image (click to enlarge)
Click to Enlarge Name: M30.gif Size: 10 KB
Hear the music before the song is over ...
  • #237,202
  • Jul 12, 2010 9:42am Jul 12, 2010 9:42am
Here is where buyers are going to lose. They are going to buy high only to see the trade reverse on them. much much supply at this level, trend is corrected to the downside. sell high don't forget that is big rule.

Lets remember gbp is in much worse shape than usd
Know when to hold em, Know when to fold em!
  • #237,203
  • Jul 12, 2010 9:44am Jul 12, 2010 9:44am
Quoting Magix
That's what I'm doing...started to add some shorts at the 15m 200...

Buy support...sell resistance...

Hi bro
1H suggest down again but i see 4h in an interesting area and will close
in 80 min wounder if it will close above 1.51

BTW I'm still hold with my view i post before.
  • #237,204
  • Jul 12, 2010 9:44am Jul 12, 2010 9:44am
Quoting Magix
Good score AllyB!

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.

Have only made 5 trades since I transitioned over to the new template on the 7th but 4 winners and 1 break even ... this week is going to be fun
  • #237,205
  • Jul 12, 2010 9:45am Jul 12, 2010 9:45am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting darkphat3
hi all.. new to forex.
may i know how to determine which is level of support or resistance?
or which tf can we safely determine them
S, R and pivot levels are calculated at NY close to be most valid.
Use the attached indicator in your MT station to calculate them automated. Also go to babypips.com for more info.
Cheers. Have a good one.
Attached File(s)
File Type: mq4 MIKEPivotCustomTime.mq4   13 KB | 248 downloads
Being right is one, taking it from the table is two.
  • #237,206
  • Jul 12, 2010 9:46am Jul 12, 2010 9:46am
Quoting Magix
That's what I'm doing...started to add some shorts at the 15m 200...

Buy support...sell resistance...

I know, but that's not what he said he'd do bro, that confused me a bit.

is your 15 200 level with my 5100 target?
Thank You
  • #237,207
  • Jul 12, 2010 9:47am Jul 12, 2010 9:47am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting USD-Bear
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......
And then, you will see it go south again...
Being right is one, taking it from the table is two.
  • #237,208
  • Jul 12, 2010 9:48am Jul 12, 2010 9:48am
Quoting GlobalMacro
Hi guys & gals,

been off trading floor doing development project...hope everyone's had a prosperous time...

today we are seeing exact opposite of friday action where we had heavy selling pressure

break of 1.5052 triggered a good size of buy stops at the top of the hour
which should thrust the price to upper highs of yesterday if enough power is behind her...
GM long time no see bro
Thank You
  • #237,209
  • Jul 12, 2010 9:49am Jul 12, 2010 9:49am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting wormboy
I know, but that's not what he said he'd do bro, that confused me a bit.

is your 15 200 level with my 5100 target?
Just saw an octopus being offered at e-bay. One week more till auction ends
Being right is one, taking it from the table is two.
  • #237,210
  • Jul 12, 2010 9:50am Jul 12, 2010 9:50am
Quoting GlobalMacro
Hi guys & gals,

been off trading floor doing development project...hope everyone's had a prosperous time...

today we are seeing exact opposite of friday action where we had heavy selling pressure

break of 1.5052 triggered a good size of buy stops at the top of the hour
which should thrust the price to upper highs of yesterday if enough power is behind her...
Just in time
Welcome back
  • #237,211
  • Jul 12, 2010 9:50am Jul 12, 2010 9:50am
Quoting Now
her azz?

Don't mind him; you'll soon come to discover that even in
a pristine setting he'll attach some perverse connotation.

On all tf's, the 50 fibo has yet to be taken out.


Dr. D.
Attached Image
  • #237,212
  • Jul 12, 2010 9:51am Jul 12, 2010 9:51am
Quoting forexliar
Will we see your shoulder around 5050-5085 sir ?

( my imo. it's forming inverted H/S in H1. time will tell off course )
  • #237,213
  • Jul 12, 2010 9:51am Jul 12, 2010 9:51am
Quoting Now
Just saw an octopus being offered at e-bay. One week more till auction ends.

That octopus made me shetload of moolah on $pain. I love octopuses now
Thank You
  • #237,214
  • Jul 12, 2010 9:53am Jul 12, 2010 9:53am
Quoting wormboy
That octopus made me shetload of moolah on $pain. I love octopuses now
paul say spain...then matador ....... bull.....
  • #237,215
  • Jul 12, 2010 9:57am Jul 12, 2010 9:57am
Looking for re-entry for long...
Don't be emo... don't be emo....
  • #237,216
  • Jul 12, 2010 10:00am Jul 12, 2010 10:00am
Quoting GlobalMacro
Hi guys & gals,

been off trading floor doing development project...hope everyone's had a prosperous time...

today we are seeing exact opposite of friday action where we had heavy selling pressure

break of 1.5052 triggered a good size of buy stops at the top of the hour
which should thrust the price to upper highs of yesterday if enough power is behind her...

good to hear from u brother!
  • #237,217
  • Jul 12, 2010 10:01am Jul 12, 2010 10:01am
and the sellers start delivering just as suspected
Know when to hold em, Know when to fold em!
  • #237,218
  • Jul 12, 2010 10:01am Jul 12, 2010 10:01am
was that EMA 200 on m15 reason to short ?
  • #237,219
  • Jul 12, 2010 10:04am Jul 12, 2010 10:04am
this is looking beautifull ..loving it!!
  • #237,220
  • Jul 12, 2010 10:04am Jul 12, 2010 10:04am
Quoting huskyboy
was that EMA 200 on m15 reason to short ?

200 ema is based on weekly chart being that this is the start of the weak and tl last night showed correction with a b/o to the downside, I am bearish and still hold my position since last night.
Know when to hold em, Know when to fold em!
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