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Cable Update (GBPUSD)

  • #240,721
  • Jul 23, 2010 11:43am Jul 23, 2010 11:43am
I'm done .. cable position closed.

Have a good weekend
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #240,722
  • Jul 23, 2010 11:47am Jul 23, 2010 11:47am
Only 1 bank out of 6 failed in Greece?
  • #240,723
  • Jul 23, 2010 1:38pm Jul 23, 2010 1:38pm
Quoting egkid
Take care @ 1.5412
LOL See where it standing now , I know it's Key PA
Do u know why? IF no then do more homework
Experience is very cool , When i trade "I Playing chess let's see who more smarter
PS: my view for this week [email protected] now it's 1.5420
  • #240,724
  • Jul 23, 2010 1:46pm Jul 23, 2010 1:46pm
Quoting egkid
LOL See where it standing now , I know it's Key PA
Do u know why? IF no then do more homework
Experience is very cool , When i trade "I Playing chess let's see who more smarter

I am a novice but think its because its the Upper Bolinger Band on the daily Charts ..

Is that right ..
  • #240,725
  • Jul 23, 2010 1:54pm Jul 23, 2010 1:54pm
Quoting egkid
LOL See where it standing now , I know it's Key PA
Do u know why? IF no then do more homework
OK, I give up .. it doesn't look like prior S/R on any tf above 15 min, I can't draw any fibs that intersect it .. not a trendline ..
So .. what is it??
******************* I'd rather make money than be right.
  • #240,726
  • Jul 23, 2010 1:56pm Jul 23, 2010 1:56pm
Quoting ramksanj
I am a novice but think its because its the Upper Bolinger Band on the daily Charts ..

Is that right ..
I have upper BB on Daily 30+ pips higher....
******************* I'd rather make money than be right.
  • #240,727
  • Jul 23, 2010 2:09pm Jul 23, 2010 2:09pm
Quoting 4xStar
OK, I give up .. it doesn't look like prior S/R on any tf above 15 min, I can't draw any fibs that intersect it .. not a trendline ..
So .. what is it??
pull up your W1.
use the rectangle function, highlight between 5380 & 5460 and pull it across your chart as far as the eyes can see. back till early the year 1990s if you have to.

basic supp/res level is a powerful tool most people overlook. Less is always more.

bye. enjoy your weekend
Thank You
  • #240,728
  • Jul 23, 2010 2:17pm Jul 23, 2010 2:17pm
Quoting wormboy
pull up your W1.
use the rectangle function, highlight between 5380 & 5460 and pull it across your chart as far as the eyes can see. back till early the year 1990s if you have to.

basic supp/res level is a powerful tool most people overlook. Less is always more.

bye. enjoy your weekend
Most of us today here were looking at the same region, mine is 5456.

Enjoy your weekend, see you next week.
  • #240,729
  • Jul 23, 2010 2:25pm Jul 23, 2010 2:25pm
egkid hats off to u.. good call

all have a nice weekend.... be safe c u monday
  • #240,730
  • Jul 23, 2010 2:42pm Jul 23, 2010 2:42pm
Quoting 4xStar
OK, I give up .. it doesn't look like prior S/R on any tf above 15 min, I can't draw any fibs that intersect it .. not a trendline ..
So .. what is it??
Dig deeper if u care
Happy weekend
  • #240,731
  • Jul 23, 2010 2:42pm Jul 23, 2010 2:42pm
Quoting jaydc
egkid hats off to u.. good call

all have a nice weekend.... be safe c u monday
Happy weekend to u bro
Catch u next week
  • #240,732
  • Jul 23, 2010 2:55pm Jul 23, 2010 2:55pm
Quoting egkid
Dig deeper if u care
Happy weekend
Good day to you,

It is in the area of the opening price for Cable start May 2010, as well as a very strong previous SR level.

Just a wild guess...

Regards
  • #240,733
  • Jul 23, 2010 3:21pm Jul 23, 2010 3:21pm
Quoting TauTrader
Good day to you,

It is in the area of the opening price for Cable start May 2010, as well as a very strong previous SR level. Also seems like a centurion pivot level, as well as a strong decending trendline

Just a wild guess...

Regards
Sorry - Also seems like a centurion pivot level, as well as a strong decending trendline

Just a wild guess volume 2...

Regards
Attached Image (click to enlarge)
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  • #240,734
  • Jul 23, 2010 3:24pm Jul 23, 2010 3:24pm
Quoting TauTrader
Good day to you,

It is in the area of the opening price for Cable start May 2010, as well as a very strong previous SR level.

Just a wild guess...

Regards
Could b anything of what u saying guys but depends on my way of analysis
It's same concept with e/u 1.2970
PS" There is always so many ways to go to Rome "
Enjoy ur weekend
  • #240,735
  • Jul 23, 2010 3:26pm Jul 23, 2010 3:26pm
on the way to 1.55 - 1.57 tthen 1.60

need to make a new high on weekly to buy a retrace to go higher..

so i expect a high to be put in..means reistance should break or at least allow for short stops to be hit..
Attached Image (click to enlarge)
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  • #240,736
  • Jul 23, 2010 4:17pm Jul 23, 2010 4:17pm
Hi all this is my first post anywhere. I am currently in the trade long from 1.51917 with a target of 1.58012. My stop loss is below swing low of 2010.07.11 00:00. As of sending this post I am up +225.7 pips. I am so tempted to move my stop up but have been burned often doing that. Trading takes nerves of steel and patience.
I have been adding .1 positions with 10-20 pip targets within the main trade based on the stochastic turning up from below 20. Only going with the prevailing trend. This is a new tactic I have been practicing with on a demo. So far I have been able to gain 23.2 pips with three such trades nibbling away my overall risk by that much while leaving my stop loss at a safer place.
As to why I think the pair is going up next week, Take a look at the 1hr chart and notice the long channeling up trend. I have uploaded an attachment but don't know if it will work. Never tried it before.
I got in at the low side of the channel and I am targeting a symetrical move of the same as the last leg up i.e. the swing low of 2010.07.11 00:00 to the swing high of 2010.07.15 00:002. If all goes well and the channeling holds I should hit my target around 2010.08.01 00:00. I will probably close half of my position if price touches the top of the channel before it hits my target and adjust my stop up below the bottom of the channel. That way I will greatly reduce any risk.
God bless everyone's trading and do good with your riches.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_channel.png Size: 26 KB
  • #240,737
  • Jul 23, 2010 5:12pm Jul 23, 2010 5:12pm
we will now be going down to 1.50 & then more up this thing is not yet done going north!
  • #240,738
  • Jul 23, 2010 5:54pm Jul 23, 2010 5:54pm
Thank you...this is very good info...Actually we need it now!
Quoting Allseeingeye
Spread the word

http://www.youtube.com/watch?v=mA_hpfcTpmQ
  • #240,739
  • Jul 23, 2010 6:03pm Jul 23, 2010 6:03pm
Quoting StarChild
Thank you...this is very good info...Actually we need it now!
I am Good Friends with Rick Simpson & talk with him every week if there is anything you need to know I will do my best to help you! This is his Video

Inserted Video
  • #240,740
  • Jul 23, 2010 6:37pm Jul 23, 2010 6:37pm
Thank you..we are looking into it now...any help is appreciated...sounds like best to make your own?? any other options?? There are no coincidences...weird how i was drawn to look up your past posts....LOL to you..
Quoting Allseeingeye
I am Good Friends with Rick Simpson & talk with him every week if there is anything you need to know I will do my best to help you! This is his Video

http://www.youtube.com/watch?v=pjhT9...eature=related
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