Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#239,321
Jul 19, 2010 5:43pm Jul 19, 2010 5:43pm

damonl
Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts

Quoting Allseeingeye

Disliked

I am not Stupid if I did not manage the trade I would just call my Broker & take his Family out for Supper that way I would get Favors back! No I will hedge all the mini lots at the end of my wave count & close the hedge when I think my retracement wave is done that way once im in profit of 2k or more I am guaranteed to have a winning trade!

Ignored

Hey Bro.. I wasn't calling you stupid man, I was giving you a complement. Easy on the defensive man!

So, the disadvantage for me is that I really am not versed on counting waves, but I do understand hedging. It really sounds like a good plan, but I would not know when to hedge and when to lay off the hedge. would you use the same weekly chart to figure your waves?

"Keep your eyes on the helpers" - Mr. Rogers

#239,322
Jul 19, 2010 5:43pm Jul 19, 2010 5:43pm

djambazov84
| Joined Apr 2008 | Status: J16 Turtle | 1,572 Posts

Quoting Allseeingeye

Disliked

No wedge here my friend wedges look like this

Ignored

mind throwing in a wave count on g/u ? h1 preferably

i`d appreciate that a lot

Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !

#239,323
Jul 19, 2010 5:44pm Jul 19, 2010 5:44pm

damonl
Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts

Quoting Allseeingeye

Disliked

No wedge here my friend wedges look like this

Ignored

I guess I meant more of a triangle formation where TL was pushing down into a s&r area.... more of a horizontal base then a wedge base..

"Keep your eyes on the helpers" - Mr. Rogers

#239,324
Jul 19, 2010 5:44pm Jul 19, 2010 5:44pm

Allseeingeye
| Joined Sep 2009 | Status: Trader | 672 Posts

On the 4hr you have a wedge which is Bullish Target 0.95 Area this is LOOKING EVEN BETTER!

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#239,325
Jul 19, 2010 5:47pm Jul 19, 2010 5:47pm

damonl
Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts

Quoting Allseeingeye

Disliked

On the 4hr you have a wedge which is Bullish Target 0.95 Area this is LOOKING EVEN BETTER!

Ignored

Yeah.. this chart looks pretty nice if the wave counts are right, we should now move up and back down a bit and be off to the moon... if I am seeing that right.

"Keep your eyes on the helpers" - Mr. Rogers

#239,326
Jul 19, 2010 5:48pm Jul 19, 2010 5:48pm

Allseeingeye
| Joined Sep 2009 | Status: Trader | 672 Posts

Quoting djambazov84

Disliked

mind throwing in a wave count on g/u ? h1 preferably

i`d appreciate that a lot

Ignored

I gave it Earlier with a chart we finished wave 1 at 1.52 I believe & I went long at 1.5215 & my target is 1.54 area & then I have a wave 3 going down to 1.50-1.48 area! Good Luck

#239,327
Jul 19, 2010 5:57pm Jul 19, 2010 5:57pm

Allseeingeye
| Joined Sep 2009 | Status: Trader | 672 Posts

Quoting damonl

Disliked

I guess I meant more of a triangle formation where TL was pushing down into a s&r area.... more of a horizontal base then a wedge base..

Ignored

If this is what you mean then its VERY BEARISH but look at it , it doesnt look to good you are hundreds of pips away from previous & preseding low!

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#239,328
Jul 19, 2010 5:59pm Jul 19, 2010 5:59pm

damonl
Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts

Quoting Allseeingeye

Disliked

If this is what you mean then its VERY BEARISH but look at it , it doesnt look to good you are hundreds of pips away from previous & preseding low!

Ignored

Yes, that is what I was looking at.. defintely H&S characteristics for sure, but I also see the wedge, however, your 4HR chart really shows that we may be at a bottom here.

"Keep your eyes on the helpers" - Mr. Rogers

#239,329
Jul 19, 2010 6:16pm Jul 19, 2010 6:16pm

fourxtrader
Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts

Quoting adrianebn

Disliked

i am impressed fourxtrader

i have been a member in this forum for a few years now and your post should be in front of them all, very well said and so much truth in this post.

wish to see more real talk and real action like this

Ignored

Your comment is too kind and belongs to others.

I'm just a gnat... a drop.... a particle of matter
unorganized in the universal flow of intelligences
that gather here.

I battle the enemy within and my broker delights
at my presence.

Dr. D.

#239,330
Edited 7:14pm Jul 19, 2010 7:03pm | Edited 7:14pm

damonl
Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts

I am still bullish on the pound due to the weekly close being a bullish bar. This means I am looking to buy dips.

I have these S/R, TL's and Channel points to keep my eye on today. Enjoy! There are more higher and lower, but these should be the points in play today.

I have daily S/R @

1.54723
1.53520
1.52902
1.52215
1.51456
1.50986
1.50177

I have daily TL Crossings @

1.54514
1.52680
1.52112
1.51988

I have Daily Channel Lines @

1.55903
1.55546
1.51056

I have Weekly S/R @

1.57749
1.55670
1.53338
1.50644

I have Weekly TL Crossings @

1.58170
1.54853
1.52870
1.51942
1.49986
1.49436

I have Weekly Channel Lines @

1.52130

I have Monthly S/R @

1.57350
1.54040
1.51584
1.48060

I have Monthly TL Crossings @

1.57804
1.53847
1.51394
1.51180

I have Monthly Channel Lines @

None Relevant.

ONce again, these are areas and not exact points. All this infomation is displayed on my H1 chart and H4 charts. Here the are.. enjoy and green pips my firends!

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"Keep your eyes on the helpers" - Mr. Rogers

#239,331
Jul 19, 2010 8:03pm Jul 19, 2010 8:03pm

Allseeingeye
| Joined Sep 2009 | Status: Trader | 672 Posts

Quoting damonl

Disliked

I am still bullish on the pound due to the weekly close being a bullish bar. This means I am looking to buy dips.

I have these S/R, TL's and Channel points to keep my eye on today. Enjoy! There are more higher and lower, but these should be the points in play today.

I have daily S/R @

1.54723
1.53520
1.52902
1.52215
1.51456
1.50986
1.50177

I have daily TL Crossings @

1.54514
1.52680
1.52112
1.51988

I have Daily Channel Lines @

1.55903
1.55546
1.51056

I have Weekly S/R @

1.57749
1.55670
1.53338
1.50644

I have Weekly TL Crossings...

Ignored

Thats easy Apply at JP Morgan or Goldman Sachs & your Hindsight will INSTANTLY become Foresight!

#239,332
Jul 19, 2010 8:19pm Jul 19, 2010 8:19pm

damonl
Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts

Quoting Allseeingeye

Disliked

Thats easy Apply at JP Morgan or Goldman Sachs & your Hindsight will INSTANTLY become Foresight!

Ignored

That is pretty darn funny right there!

"Keep your eyes on the helpers" - Mr. Rogers

#239,333
Jul 19, 2010 8:30pm Jul 19, 2010 8:30pm

iqyusan
| Additional Username | Joined Jun 2009 | 339 Posts

After hit the bold red line yesterday, The pa is consolidating.

Red Box is on eye first ( if 5240 broken )

Happy trading to you all....

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#239,334
Jul 19, 2010 9:39pm Jul 19, 2010 9:39pm

digger1
Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,070 Posts

Quoting digger1

Disliked

lol, well wormie I had to try a small posistion from the bottom of my channel , c if it can get back to 1.5250 to start then 1.5271 , will test the waters for you ha ha Attachment

Ignored

1st tgt reached ,stps on remainder rasied to 1.5211, a few pips in the money , just below low of day so far

#239,335
Jul 19, 2010 9:49pm Jul 19, 2010 9:49pm

fourxtrader
Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts

Quoting digger1

Disliked

1st tgt reached ,stps on remainder rasied to 1.5211, a few pips in the money , just below low of day so far

Ignored

Good job digger!

I'm lagging right behind.

You make a good indicator to follow....

Dr. D.

#239,336
Jul 19, 2010 10:45pm Jul 19, 2010 10:45pm

Magix
Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts

A nice little trade from hourly support to M30 resistance and daily pivot. 200EMA hourly to 200EMA M30.

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!

#239,337
Jul 19, 2010 10:59pm Jul 19, 2010 10:59pm

iqyusan
| Additional Username | Joined Jun 2009 | 339 Posts

Before and after...

For Newbies....

I am a newbie also.... we dont need any complex indicator for forex trading. Just trust to ourself, stick to plan and trade the plan.
We are the same as senior here. The different is only about time when register to FF

G luck

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#239,338
Jul 19, 2010 11:41pm Jul 19, 2010 11:41pm

Faith3
| Additional Username | Joined Jul 2010 | 27 Posts

Quoting iqyusan

Disliked

Before and after...

For Newbies....

I am a newbie also.... we dont need any complex indicator for forex trading. Just trust to ourself, stick to plan and trade the plan.
We are the same as senior here. The different is only about time when register to FF

G luck

Ignored

Thanks for the encouragement for us newbies, iqyusan. I respect and am humble by all the seniors here who are always helping us newbies out with methods in making great indicators, trendlines, da lot... My respect to all seniors here. Thank you, guys!