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Cable Update (GBPUSD)

  • #238,741
  • Jul 16, 2010 5:59am Jul 16, 2010 5:59am
Quoting damonl
I still have not made up my mind.. the 08:00 bar was a rejection bar with a TL breakout, and then so far the 09:00 is showing to be another rejection bar that has retraced back to the lower 1HR channel line. Thinking maybe long....

Have fun watching the ladies.. I mean in "power yoga"
What do you think my motivation of doing power yoga is?

Get fit, hardly
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #238,742
  • Jul 16, 2010 6:00am Jul 16, 2010 6:00am
Quoting nAVIN2007
he certainly living up to his nick!
Its the Chi Nav.... Let the Chi flow through you
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #238,743
  • Jul 16, 2010 6:01am Jul 16, 2010 6:01am
Quoting damonl
Taking a "long" shot on the hammer. Hope it is not too early... 1Hr bar has not played out yet.

Attachment
16 pip loss Bears are too strong today it seems. Should have exited on the 15M doji bar.

There is the hindsight thing again.
"Keep your eyes on the helpers" - Mr. Rogers
  • #238,744
  • Jul 16, 2010 6:02am Jul 16, 2010 6:02am
Quoting Bull_Bear
Its the Chi Nav.... Let the Chi flow through you
THEY WAY YUR CALLING EM..i say we all start up!

the chi definately flowing with u brother..u comin like yoda
  • #238,745
  • Jul 16, 2010 6:02am Jul 16, 2010 6:02am
Gotta scram.. 1.5330 is my TP.. either way.. you did a good job nav..
  • #238,746
  • Jul 16, 2010 6:06am Jul 16, 2010 6:06am
Quoting Bull_Bear
Mate 1.5 hours power yoga, nice meal, now 2 hours of drinking (as of now).

Now watch my TP hit...

Thats what i call living

u got to love yoga with lion tits
  • #238,747
  • Jul 16, 2010 6:09am Jul 16, 2010 6:09am
Quoting mloistianto
are u shorting mate?
Not yet ... scalp long !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #238,748
  • Jul 16, 2010 6:10am Jul 16, 2010 6:10am
Quoting nAVIN2007
couldnt ask cable to do anymore really very obvious, consolidate, then move higher up..the range provides the support and resistance 100 range perfect for scalps..i rather it did this than retrace..LOL

that why i was saying to wormie..maybe ok..

but i is not god so cannot know for sure
I am already long here, this buggers gonna punch holes in bears and make them future women / bears
  • #238,749
  • Jul 16, 2010 6:11am Jul 16, 2010 6:11am
Quoting nAVIN2007
couldnt ask cable to do anymore really very obvious, consolidate, then move higher up..the range provides the support and resistance 100 range perfect for scalps..i rather it did this than retrace..LOL

that why i was saying to wormie..maybe ok..

but i is not god so cannot know for sure
it's okay for you bro. you're holding your longs from way down & have a truckload of pips

I can't do that at the moment. Gotta stick with my rules. Bought at the ltl bounce earlier. Then when it gave way, that left me with no choice except to switch trades. If I buy here, i might be staring at massive drawdowns come the end of the day later. Not prepared to do that. Believe me tho, if I am holding a position from way down like you are I won't be sweating too
I'll be buying back when the opportunity arises.

Good luck!
Attached Image(s) (click to enlarge)
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Thank You
  • #238,750
  • Jul 16, 2010 6:13am Jul 16, 2010 6:13am
Quoting Bull_Bear
Mate 1.5 hours power yoga, nice meal, now 2 hours of drinking (as of now).

Now watch my TP hit...

Thats what i call living
Great stuff bro, but it ain't proper without the weekend beer
Thank You
  • #238,751
  • Jul 16, 2010 6:15am Jul 16, 2010 6:15am
Quoting kill56
u got to love yoga with lion tits
Its the Lionesses mate
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #238,752
  • Jul 16, 2010 6:16am Jul 16, 2010 6:16am
Quoting damonl
16 pip loss Bears are too strong today it seems. Should have exited on the 15M doji bar.

There is the hindsight thing again.

The trouble was with that great 15min and 30min hammer was that there was no identifiable potential support there, unlike the set-up a bit lower...which came @ the previous 1hr swing lo=prev supp = potential supp zone from where price has just risen.

G/L
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 1202 1min rev a seq.gif Size: 25 KB
ex member
  • #238,753
  • Jul 16, 2010 6:18am Jul 16, 2010 6:18am
Quoting wormboy
it's okay for you bro. you're holding your longs from way down & have a truckload of pips

I can't do that at the moment. Gotta stick with my rules. Bought at the ltl bounce earlier. Then when it gave way, that left me with no choice except to switch trades. If I buy here, i might be staring at massive drawdowns come the end of the day later. Not prepared to do that. Believe me tho, if I am holding a position from way down like you are I won't be sweating too
I'll be buying back when the opportunity arises.

Good luck!
i hear yah buddy and totally get where coming from 1 lot can completely change the way u view things as well..and for sure id have reacted the way u have also..

we never know for sure but can only go with what we believe..hopefully we both get paid..frigin news is coming

  • #238,754
  • Jul 16, 2010 6:18am Jul 16, 2010 6:18am
Quoting wormboy
Great stuff bro, but it ain't proper without the weekend beer
Cheers my friend
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #238,755
  • Jul 16, 2010 6:23am Jul 16, 2010 6:23am
The 5min supporting set-up at current low is here,like the 1min trigger it is bullish divergence based @ potential support... against strong selling I traet these as a pullback and target accordingly...unless pa is convincing to stay in

G/L
Attached Image (click to enlarge)
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ex member
  • #238,756
  • Jul 16, 2010 6:23am Jul 16, 2010 6:23am
Quoting bbmac
The trouble was with that great 15min and 30min hammer was that there was no identifiable potential support there, unlike the set-up a bit lower...which came @ the previous 1hr swing lo=prev supp = potential supp zone from where price has just risen.

G/L
Is that support, some of those fib levels you were talking about?
"Keep your eyes on the helpers" - Mr. Rogers
  • #238,757
  • Jul 16, 2010 6:27am Jul 16, 2010 6:27am
Quoting damonl
Is that support, some of those fib levels you were talking about?

yes the 3 x fibs come 5352-48 inside that previous 1hr swing lo zone...personally I need a tech confluence comprising of osc div, band deviation, supp/res and price action confirmation as the trigger in order to enter as a hi-probability trade...In this instance once the ascending 1hr trend line was bust decisevly it was always more likely that a confluence of potenmtial support factors would be needed to go against it ?
ex member
  • #238,758
  • Jul 16, 2010 6:28am Jul 16, 2010 6:28am
euro is on steroids..
Attached Image (click to enlarge)
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  • #238,759
  • Jul 16, 2010 6:30am Jul 16, 2010 6:30am
Quoting wormboy
hi rich how you been my friend

yep, we might end up like last year too. Cable had a massive 1500 pip bull run which ended around this time last year & stayed in a 600 pip range for 6 month after. Would be something if we see something like that again
Hi mate, I'm doing good what about you? I haven't read PA too well today (short when I should have been long and then long when I should have been short). I'm just trying to catch some of the intraday trend at the moment, up to now has been fine. Let's see what the US session has in store!
  • #238,760
  • Jul 16, 2010 6:32am Jul 16, 2010 6:32am
Quoting forexlion
I am already long here, this buggers gonna punch holes in bears and make them future women / bears
, Nice to cu bro
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