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Cable Update (GBPUSD)

  • #237,901
  • Jul 14, 2010 5:46am Jul 14, 2010 5:46am
Quoting cloggie
There are still plenty of "traders" here posting all kinds of silly reasons to short this thing all day since the open.

I love it when "traders" draw TL's and give resistances they find anywhere to fit their bias and then wonder why they get stopped out all day long.

long time ago we use to pay for an advice now its free and we do refuse even to think about it ,
  • #237,902
  • Jul 14, 2010 5:46am Jul 14, 2010 5:46am
Quoting nAVIN2007
why target aint reahed and it finally moving favourable gonna hedge when i see 1.55 area get some retrace ..hehe
Nav mate the trend line in question extends from 16 JUL 2008, one hell of a defence mate, stay safe brother.

If it breaks it will neend a major BULL DOZER

http://www.forexfactory.com/showpost...stcount=237889
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #237,903
  • Jul 14, 2010 5:47am Jul 14, 2010 5:47am
Quoting fxpilot
Nice trading Navin,

Why would you consider a touch 90 a breakout. Is there anything sognificant about that price level?

cause on the monthly we are flush on the line and to be sure that line broke..1.53 and above to clear any doubt

Quoting Bull_Bear
Nav mate the trend line in question extends from 16 JUL 2008, one hell of a defence mate, stay safe brother.

If it breaks it will neend a major BULL DOZER

http://www.forexfactory.com/showpost...stcount=237889

its time for it to go..piercing formation is triggered!
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  • #237,904
  • Jul 14, 2010 5:48am Jul 14, 2010 5:48am
Quoting nAVIN2007
cross 1.53 to be 100% sure this is a breakout..

i hope in some way someone out there is benefiting from my posting it gonna stop when i go back to work..hopefully a few gained from it.

new support level..

all of us bro unless we are ??????????????????????
  • #237,905
  • Jul 14, 2010 5:48am Jul 14, 2010 5:48am
Quoting kill56
long time ago we use to pay for an advice now its free and we do refuse even to think about it ,

Maybe that's where some of us are going wrong, we are giving it away, we should start charging 1,000 USD a month for the privilege, then they'll listen, or maybe not. You can lead a guy to water, you can't make him drink though.
  • #237,906
  • Jul 14, 2010 5:48am Jul 14, 2010 5:48am
feels like more but still only 76% of the average 20day pip range so far today..

G/L
Attached Image
ex member
  • #237,907
  • Jul 14, 2010 5:50am Jul 14, 2010 5:50am
Quoting nAVIN2007
cross 1.53 to be 100% sure this is a breakout..

i hope in some way someone out there is benefiting from my posting it gonna stop when i go back to work..hopefully a few gained from it.

new support level..
i might sound crazy but i got long positions from 4500 to 7500
  • #237,908
  • Jul 14, 2010 5:50am Jul 14, 2010 5:50am
Quoting nAVIN2007
cross 1.53 to be 100% sure this is a breakout..

i hope in some way someone out there is benefiting from my posting it gonna stop when i go back to work..hopefully a few gained from it.

new support level..
i really appreciate ur contribution pariculatly as you r doing it purely to help others in offering a bigger picture..i think i've understood that u r in very long trade and therefore not really trading intraday .When u go back to work?
All systems of divination, like music itself,work through patterns.
  • #237,909
  • Jul 14, 2010 5:54am Jul 14, 2010 5:54am
Quoting forexlion
i might sound crazy but i got long positions from 4500 to 7500
The big mouth is coming ..... JUST BANNED ME IF YOU WANT .....
  • #237,910
  • Jul 14, 2010 5:55am Jul 14, 2010 5:55am
Quoting forexlion
i might sound crazy but i got long positions from 4500 to 7500

u crazy no way
  • #237,911
  • Jul 14, 2010 5:57am Jul 14, 2010 5:57am
This could be top?
Equity markets selling off and Tbonds bullish 4hr bars.
  • #237,912
  • Jul 14, 2010 5:58am Jul 14, 2010 5:58am
first short of the day...mni were mentioing offers in the region and it made sense re that 38.2% fib and trend line referred to earlier,,...risked 15 to get 15...just a scalp based on a 1min and suppirting 5min reversal set-up (5min shown below.)

Even counter-trend can be hi-probability with the right set-ups and confluence of supp/res factors...

G/L
Attached Image(s) (click to enlarge)
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ex member
  • #237,913
  • Jul 14, 2010 5:58am Jul 14, 2010 5:58am
Quoting cloggie
Maybe that's where some of us are going wrong, we are giving it away, we should start charging 1,000 USD a month for the privilege, then they'll listen, or maybe not. You can lead a guy to water, you can't make him drink though.
Clog i'am short
  • #237,914
  • Jul 14, 2010 5:58am Jul 14, 2010 5:58am
Quoting ozpips
This could be top?
Equity markets selling off and Tbonds bullish 4hr bars.

Could well be, I agree with B_B this TL will take a lot to go. Am not going to anticipate it though I will let the price tell me.
  • #237,915
  • Jul 14, 2010 6:00am Jul 14, 2010 6:00am
Quoting bbmac
first short of the day...mni were mentioing offers in the region and it made sense re that 38.2% fib and trend line referred to earlier,,...risked 15 to get 15...just a scalp based on a 1min and suppirting 5min reversal set-up (5min shown below.)

Even counter-trend can be hi-probability with the right set-ups and confluence of supp/res factors...

G/L
Hi bbmac, who or what is mni?

Thanks
  • #237,916
  • Jul 14, 2010 6:02am Jul 14, 2010 6:02am
Quoting forexlion
i might sound crazy but i got long positions from 4500 to 7500
you were the first to laugh when I called a long term target of 1.7 back in May. you said you're shorting all the way to 1.38.
Now you have a long from 4500 to 7500 ey? What happened to the fancy wavecounts? lol
Thank You
  • #237,917
  • Jul 14, 2010 6:02am Jul 14, 2010 6:02am
Quoting kaspopsicle
i really appreciate ur contribution pariculatly as you r doing it purely to help others in offering a bigger picture..i think i've understood that u r in very long trade and therefore not really trading intraday .When u go back to work?

i will be back at work on the 23 of this month..
yes i posting purely so people have an idea what happenning - otherwise id have platform closed while at work..these moves intraday have no bearing unless it changes the picture of the biggest time frame.


its fun thou to do this and i love it..trading is a fantastic thing to learn to do.. i have gain so much knowledge about myself from it..weakness mainly

Quoting forexlion
i might sound crazy but i got long positions from 4500 to 7500
no bro i with u totally 1.60 to me is the start
  • #237,918
  • Jul 14, 2010 6:04am Jul 14, 2010 6:04am
Quoting daffy
Hi bbmac, who or what is mni?

Thanks
Mni are a third party market news provider whose service includes some info re market depth and likely areas for bids/offers to be...link is here: http://www.marketnews.com/mni-bin/mni.cgi?page=0

G/L
ex member
  • #237,919
  • Jul 14, 2010 6:05am Jul 14, 2010 6:05am
Quoting wormboy
you were the first to laugh when I called a long term target of 1.7 back in May. you said you're shorting all the way to 1.38
Now you have a long from 4500 to 7500 ey? lol
that'why ... i call him...... the big mouth or mr bigmouth ... wormie .....
  • #237,920
  • Jul 14, 2010 6:07am Jul 14, 2010 6:07am
Quoting nAVIN2007
cause on the monthly we are flush on the line and to be sure that line broke..1.53 and above to clear any doubt




its time for it to go..piercing formation is triggered!
Ok buddy, a long term trade like yours is good however when you come across a long term TL, protecting your trade doesn't harm for more greens. You can always re-enter on the retrace bro.

Job job on your trade mate
Veni, Vidi, Vici (We came, we saw, we conquered)
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