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Cable Update (GBPUSD)

  • #239,101
  • Jul 19, 2010 4:12am Jul 19, 2010 4:12am
Quoting cloggie
The M15 was not a morning star as the first candle was bullish, however the M30 was a proper morning star with the first candle bearish, the middle body below the first and the last candle bullish. Just be patient, a Morning Star after a range takes time to give you the reversal.
Yep.. see that one as well.. getting a nice bounce of my monthly TL right now
"Keep your eyes on the helpers" - Mr. Rogers
  • #239,102
  • Jul 19, 2010 4:14am Jul 19, 2010 4:14am
Quoting clientfx
hahaha...im only a kid...nevermind what the pros said..

just keep humble
me too
  • #239,103
  • Jul 19, 2010 4:17am Jul 19, 2010 4:17am
The 1.5500/1.5525 resistance area that I mentioned last week managed to cap the move in cable for the week. However, Gbp/Usd continues to be dragged around by moves in the dollar and with the dollar's downtrend firmly in tact, cable is still likely to be bought on dips, with 1.5235, followed by 1.5080 the levels of support.

After Friday's break-out to the topside, I prefer playing gbp via the cross. With Eur shorts being covered across a wide array of crosses, I expect that this theme has further to run: look to buy dips towards 0.8420, followed by 0.8380/90; expect offers to come in around 0.8475/80 first time round.
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  • #239,104
  • Jul 19, 2010 4:21am Jul 19, 2010 4:21am
Well traders , I am still not feeling bullish today yet lol, trying a few shts from my channel top which was also my daily pivot point area , 1st tgt todays rollover price at 1.5271 2n will be channel bottom at 1.5220 area , cheers all
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  • #239,105
  • Jul 19, 2010 4:23am Jul 19, 2010 4:23am
Quoting bbmac
There was bullish divergence to the 1hr t/f at current lows...30min shown below by way of eg...looking to 'buy the dip' if one develops after a pullback on 1min/5min...will see what sets-up (if anything)

G/L

I had hidden div in 2 x oscillators but not the third (macd marked with an X below) on 5min so no re-entry to the upmove...something may be develiping on 15min will see how it pans out..
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ex member
  • #239,106
  • Jul 19, 2010 4:23am Jul 19, 2010 4:23am
Quoting damonl
Yep.. see that one as well.. getting a nice bounce of my monthly TL right now

I am still waiting for a better entry. Don't give much credence to patterns within a range until we see a proper close above.
  • #239,107
  • Jul 19, 2010 4:24am Jul 19, 2010 4:24am
Quoting cloggie
Isn't it typical how traders can't read their own charts?
absolutely.
Thank You
  • #239,108
  • Jul 19, 2010 4:25am Jul 19, 2010 4:25am
Quoting damonl
Yep.. see that one as well.. getting a nice bounce of my monthly TL right now
so much for that bouncing off of thing

Back down now to the 100 BB center line
"Keep your eyes on the helpers" - Mr. Rogers
  • #239,109
  • Jul 19, 2010 4:29am Jul 19, 2010 4:29am
Right back to where we started...
Don't be emo... don't be emo....
  • #239,110
  • Jul 19, 2010 4:31am Jul 19, 2010 4:31am
Quoting cloggie
I am still waiting for a better entry. Don't give much credence to patterns within a range until we see a proper close above.
I probably should have done the same, but once again in hindsight, I should have exited and re-entered short on the 30M tweaser top, but once again I let my biased stop me from doing that. Anyway, I have recorded that in my journal and so moving on.....
"Keep your eyes on the helpers" - Mr. Rogers
  • #239,111
  • Jul 19, 2010 4:38am Jul 19, 2010 4:38am
Quoting digger1
Well traders , I am still not feeling bullish today yet lol, trying a few shts from my channel top which was also my daily pivot point area , 1st tgt todays rollover price at 1.5271 2n will be channel bottom at 1.5220 area , cheers all Attachment
  • #239,112
  • Jul 19, 2010 4:38am Jul 19, 2010 4:38am
Quoting Bull_Bear
Thought I kick it up before my power yoga class....

TP hit...

Oh, selling ladies and gents.....

1.5430.. SL 1.5480 TP 1.5340

Quoting Bull_Bear
Lock down, TP adjusted to 1.5300
TP Hit...

Today, cable failed to take out fridays high, as result selling is the order of the day.

I sold again at 1.5300, missed the post as i rigourous gym routine sweeted most of my time a was not able to post.

SL 1.5400, TP 1.5100.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4H Cable.JPG Size: 120 KB
Click to Enlarge Name: Cable Daily.JPG Size: 138 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #239,113
  • Jul 19, 2010 4:39am Jul 19, 2010 4:39am
Quoting forexlion
my main worry now is this 4 hour chart

guide me on this

http://img21.imageshack.us/img21/6656/38648014.gif
oops must of just been a placebo instead of the real thing
  • #239,114
  • Jul 19, 2010 4:39am Jul 19, 2010 4:39am
Quoting damonl
I probably should have done the same, but once again in hindsight, I should have exited and re-entered short on the 30M tweaser top, but once again I let my biased stop me from doing that. Anyway, I have recorded that in my journal and so moving on.....
Keeping a journal
  • #239,115
  • Jul 19, 2010 4:40am Jul 19, 2010 4:40am
Quoting bbmac
I had hidden div in 2 x oscillators but not the third (macd marked with an X below) on 5min so no re-entry to the upmove...something may be develiping on 15min will see how it pans out..
sold the 1015am 15min bearish thrust candle closed at 1030am...scalp only +9.3pips.... I guess the Intraday situation is neutral-bearish at the moment.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: 1030am.gif Size: 4 KB
Attached Image
ex member
  • #239,116
  • Jul 19, 2010 4:44am Jul 19, 2010 4:44am
Quoting Bull_Bear
Wait for NAV. TL still intact.... major resistance at 1.3000 bro....

wait for it...
As for the EUR, for those that want to cash her in, 1.3000 is strong resistence, todays attaempt failed to take out fridays high. As long as friday highs hold and the downward TL remains intact, holding my sell trade from friday
at:

1.2980.. SL 1.3015.. TP 1.2700.
Attached Image (click to enlarge)
Click to Enlarge Name: 4H EUR.JPG Size: 103 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #239,117
  • Jul 19, 2010 4:47am Jul 19, 2010 4:47am
Quoting bbakker
Keeping a journal
Yeah.. I have gotten in the habbit of doing that. Making notations, jotting down things that I see, etc.. it has been a big help. Wish I would have started doing that years ago.. lol but hey we are here now
"Keep your eyes on the helpers" - Mr. Rogers
  • #239,118
  • Jul 19, 2010 4:47am Jul 19, 2010 4:47am
Quoting digger1
oops must of just been a placebo instead of the real thing
Did you see his earlier chart when he was short...
http://www.forexfactory.com/showthre...11#post3882511

Short, long, I think the wars around the world are worrying his deluded mind
  • #239,119
  • Jul 19, 2010 4:48am Jul 19, 2010 4:48am
I have cable at the bottom of the 1hr descending channel again...see pic below...

G/L
Attached Image
ex member
  • #239,120
  • Jul 19, 2010 4:49am Jul 19, 2010 4:49am
Quoting bbakker
Did you see his earlier chart when he was short...
http://www.forexfactory.com/showthre...11#post3882511

Short, long, I think the wars around the world are worrying his deluded mind
ha ha , yea , ah he will come out on top with a copy and paste and edit and all lol
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