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Cable Update (GBPUSD)

  • #239,461
  • Jul 20, 2010 6:32am Jul 20, 2010 6:32am
We may have found the bottom..... still waiting for confirmation.

We have had a 15M Bullish engulfing bar and a 30M Bullish Piercing Bar. Price is hovering just around my 100 BB lower line as well as a daily trendline and a Monthly S&R line (remember that these are just areas).

1HR bar is also looks like it may end up being a Bullish Piercing Bar. All good confirmations that it may be time to go back up for a spell.

Just going to confirm everything and watch another 15M bar, but it looks like I will be going long here very soon.
"Keep your eyes on the helpers" - Mr. Rogers
  • #239,462
  • Jul 20, 2010 6:33am Jul 20, 2010 6:33am
Quoting mygoldenpips
agree on that..
i start trade on january 2010..
just for a couple of month..
dont use demo,just jump to live trade
doing great..
can support 2kids,wife,car and other thing
we dont need to be right at all time..
some trade win,some loss..
just trade what u see and believe..that all..
use this forum to learn from experience trader,get advice and second opinion..
But you said a little while ago that you'd been trading for seven years now???
  • #239,463
  • Jul 20, 2010 6:35am Jul 20, 2010 6:35am
Quoting Bull_Bear
This is for all the blokes and all the manly man's in here, open your mind and try power yoga before you knock it. esp when your pumping iron and mixing it up with cardio sessions you will have one blody healthy body and mind.

This i vouch myself
I knew a guy who used to be a keep fit fan and used to quote the same body and mind to me. He died aged 42 from a weak heart.

My view is you can do all the training you want, but if there is a faulty part on the inside there is bugger all you can do about it.

After seeing two friends die before their 30's and the guy I am talking about hear die in his early forties, my motto is live for the moment, do and eat what you like little and often for tomorrow may never come.
  • #239,464
  • Jul 20, 2010 6:41am Jul 20, 2010 6:41am
Quoting bbakker
This is called gambling, not trading and you got lucky. Anybody can do this with a $100 and now you are giving it the "Barry Big 'Un"!

Well... well done, good for you,

Another one who can't spell risk aversion and money management. Please come back in 6 months time and let us know if you are still trading.

Thanks and bye.
BB think he was giving it the "Ivor Big 'Un"!

In all seriousness though good luck to the guy, if it works out that's what we should all be wanting to see for each other. I had the same sort of call with cloggie last week. Why is it that you both think your style is trading and his is gambling. Surely you are only entering at a point you think you are going to make money. We have already seen that different brokers report different prices on their 4 hourly charts so none of us have a perfect methodology.
  • #239,465
  • Jul 20, 2010 6:45am Jul 20, 2010 6:45am
Quoting gammase1
But you said a little while ago that you'd been trading for seven years now???
yup..
it been 7 years now...
dont want to be arrogant about that..
i join FF to learn form other..
but look like FF member with vouch like kings here..
can talk rubbish to newbie want to learn and newbie dont share same opinion as yours..
Revesal Trader
  • #239,466
  • Jul 20, 2010 6:46am Jul 20, 2010 6:46am
as i expected gu will down until 1.4945.but for now first tp 1.5060.retracement and short again 1.5235 to 1.4945.happy green pips....
are u still long honored?lol
Gold Expedition Return This Year: -16.6%
  • #239,467
  • Jul 20, 2010 6:49am Jul 20, 2010 6:49am
Quoting OldReigatian
I knew a guy who used to be a keep fit fan and used to quote the same body and mind to me. He died aged 42 from a weak heart.

My view is you can do all the training you want, but if there is a faulty part on the inside there is bugger all you can do about it.

After seeing two friends die before their 30's and the guy I am talking about hear die in his early forties, my motto is live for the moment, do and eat what you like little and often for tomorrow may never come.
Very unfortunate and sad.

Living healthy does not mean your not living for the moment
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #239,468
  • Jul 20, 2010 6:53am Jul 20, 2010 6:53am
Quoting Bull_Bear
Very unfortunate and sad.

Living healthy does not mean your not living for the moment
sad indeed. Not advocating being a couch potato as without a doubt healthy living can prolong life. Just don't get obsessive about it, leave some time for enjoyment (training + trading = neutral health benefit?)
  • #239,469
  • Jul 20, 2010 6:54am Jul 20, 2010 6:54am
Quoting USD-Bear
Whole day i've noticed relative strength looking at EUR/USD versus GU eg weak G.
For the last hour I see the opposite eg strong G.
Do not think it's enough to base a long on, rather see levels of 1.516 or even 1.507 but it makes longs less risky.
Long @ 1.5160 based on completed pullback towards broken UTL H1
Don't be a hero. Don't have an ego. Always question yourself
  • #239,470
  • Jul 20, 2010 6:55am Jul 20, 2010 6:55am
Quoting damonl
We may have found the bottom..... still waiting for confirmation.

We have had a 15M Bullish engulfing bar and a 30M Bullish Piercing Bar. Price is hovering just around my 100 BB lower line as well as a daily trendline and a Monthly S&R line (remember that these are just areas).

1HR bar is also looks like it may end up being a Bullish Piercing Bar. All good confirmations that it may be time to go back up for a spell.

Just going to confirm everything and watch another 15M bar, but it looks like I will be going long here very soon.
That just about wipes out the thought of going long here .. still may see a morning star out of this on the hourly, but that is another 60M away, until then, we have still not reached the bottom of the hourly channel.
"Keep your eyes on the helpers" - Mr. Rogers
  • #239,471
  • Jul 20, 2010 6:57am Jul 20, 2010 6:57am
Quoting USD-Bear
Long @ 1.5160 based on completed pullback towards broken UTL H1
Yeah.. it is coming back nicely to form a nice big 1Hr doji bar... might be reconsidering and joining you if this thing stays true to form.
"Keep your eyes on the helpers" - Mr. Rogers
  • #239,472
  • Jul 20, 2010 7:00am Jul 20, 2010 7:00am
Quoting mygoldenpips
yup..
it been 7 years now...
dont want to be arrogant about that..
i join FF to learn form other..
but look like FF member with vouch like kings here..
can talk rubbish to newbie want to learn and newbie dont share same opinion as yours..
Actually thats no true.. some people prove theirself better than other.. well most of them stop posting eventually. Bull Bear, Global Macro, Grashid, and many more.. Sorry if i cant put every good traders name.. But, yes, you cannot learn how to trade in here. The best way or method to learn how to trade is experience.. 7 years should make u a great trader. if not, I questioned your selfskill..
  • #239,473
  • Jul 20, 2010 7:00am Jul 20, 2010 7:00am
Quoting damonl
Yeah.. it is coming back nicely to form a nice big 1Hr doji bar... might be reconsidering and joining you if this thing stays true to form.
I wouldn't buy this until we have seen 5134, will need a darn good reason to long from here.
  • #239,474
  • Jul 20, 2010 7:01am Jul 20, 2010 7:01am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
order kicked @ 51600 SL 51300....might alter it to 151 based on PA.

ta
ams




Quoting ams
Amendment , order @ 151600 SL @ 151.
  • #239,475
  • Jul 20, 2010 7:02am Jul 20, 2010 7:02am
Quoting USD-Bear
Long @ 1.5160 based on completed pullback towards broken UTL H1
Too early mate.. But if that is for scalping then yes.. you can go on with that.. But i believe we have a long road of Bear.. I'm just looking based on My TL. UTL said so..
  • #239,476
  • Jul 20, 2010 7:02am Jul 20, 2010 7:02am
Yep.. decided on the long.... time to go for a walk I think
"Keep your eyes on the helpers" - Mr. Rogers
  • #239,477
  • Jul 20, 2010 7:03am Jul 20, 2010 7:03am
Quoting cloggie
I wouldn't buy this until we have seen 5134, will need a darn good reason to long from here.
Same as mine 1.5130/20
  • #239,478
  • Jul 20, 2010 7:04am Jul 20, 2010 7:04am
Quoting mygoldenpips
yup..
it been 7 years now...
dont want to be arrogant about that..
i join FF to learn form other..
but look like FF member with vouch like kings here..
can talk rubbish to newbie want to learn and newbie dont share same opinion as yours..
7 years and you still call yourself a newbie?
http://www.forexfactory.com/showthre...88#post3841988
http://www.forexfactory.com/showthre...42#post3423942
http://www.forexfactory.com/showthre...05#post3380605
http://www.forexfactory.com/showthre...11#post3367111

I smell something and it ain't pretty! Iggy Pop loves BS.
  • #239,479
  • Jul 20, 2010 7:08am Jul 20, 2010 7:08am
Quoting honeybhi
Same as mine 1.5130/20

Well, it does seem a bit more logical to me. We got some dollar news coming out in a bit, should be no surprise though anticipating bad numbers as the subsidy ran out.
  • #239,480
  • Jul 20, 2010 7:11am Jul 20, 2010 7:11am
Quoting cloggie
I wouldn't buy this until we have seen 5134, will need a darn good reason to long from here.
hmmm.. could be... I sure did like what I saw though.
"Keep your eyes on the helpers" - Mr. Rogers
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