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Cable Update (GBPUSD)

  • #241,521
  • Jul 28, 2010 7:55am Jul 28, 2010 7:55am
Quoting wormboy
welp, I'm short 2million & locked @38 pips. That's $7k confirmed gain on the trade. Might not be much to some, but it's hell lot of money where I come from
So if she does a 200 pip non stop I'll be buying myself a new bike. Two of those hayabusa is nice

Okay sorry to get everyone off track. Back to boring cable
  • #241,522
  • Jul 28, 2010 7:56am Jul 28, 2010 7:56am
Quoting wormboy
Anyway, for all it's worth. I've attached the chart on the "kaboom" part, the 2 breakouts below tl & day open.
You play the Beast from a 5 min chart?? Brave man!!

She hit that support and reversed like a scared rabbit .. here is my 5 min
Attached Image (click to enlarge)
Click to Enlarge Name: gu4hr.gif Size: 21 KB
******************* I'd rather make money than be right.
  • #241,523
  • Jul 28, 2010 7:57am Jul 28, 2010 7:57am
Quoting digger1
here is the kaboom area , shorts were already playing nice but kaboom at news Attachment
Geez, your charts are quite difficult to decode, bro. But thanks anyways.
  • #241,524
  • Jul 28, 2010 8:00am Jul 28, 2010 8:00am
Quoting wormboy
welp, I'm short 2million & locked @38 pips. That's $7k confirmed gain on the trade. Might not be much to some, but it's hell lot of money where I come from
So if she does a 200 pip non stop I'll be buying myself a new bike. Two of those hayabusa is nice

Okay sorry to get everyone off track. Back to boring cable
balls bro... f*cking big kahunas! good man - buy 1 hyabusa and 1 1098s...

"Millionaires don't use astrology, billionaires do"
  • #241,525
  • Jul 28, 2010 8:01am Jul 28, 2010 8:01am
Quoting AnonYmos
Thank You
  • #241,526
  • Jul 28, 2010 8:01am Jul 28, 2010 8:01am
Quoting AnonYmos
Geez, your charts are quite difficult to decode, bro. But thanks anyways.
had a failure at yesterdays high been working down since then , half hour chart on the left 1 min chart on right , kaboom went to the daily pivot was a tgt area from the top
  • #241,527
  • Jul 28, 2010 8:06am Jul 28, 2010 8:06am
Quoting digger1
had a failure at yesterdays high been working down since then , half hour chart on the left 1 min chart on right , kaboom went to the daily pivot was a tgt area from the top
Thanks for explaining. Hope you made good pips on it. Buying a Hayabusa too?
  • #241,528
  • Jul 28, 2010 8:06am Jul 28, 2010 8:06am
Quoting 4xStar
You play the Beast from a 5 min chart?? Brave man!!

She hit that support and reversed like a scared rabbit .. here is my 5 min
not brave. just adapt.
It ranged the whole day, there was no way to get a trade from anything higher than the m15 & I don't work with m15, too slow.

she'll come back down
Thank You
  • #241,529
  • Jul 28, 2010 8:08am Jul 28, 2010 8:08am
Quoting forex_growth


balls bro... f*cking big kahunas! good man - buy 1 hyabusa and 1 1098s...

cheers mate. had luck on my side nothing more
good luck to you
Thank You
  • #241,530
  • Jul 28, 2010 8:12am Jul 28, 2010 8:12am
As long as she stays above the 100ema(on 5 min) i'm holding.............first tp 15643
All systems of divination, like music itself,work through patterns.
  • #241,531
  • Jul 28, 2010 8:12am Jul 28, 2010 8:12am
Quoting AnonYmos
Thanks for explaining. Hope you made good pips on it. Buying a Hayabusa too?
here is a hourly simple view as wormie says too slow for exact entrys on day trades but with a few other charts and things gives you a good view of wht is happening
Attached Image (click to enlarge)
Click to Enlarge Name: 60 minute.jpg Size: 129 KB
  • #241,532
  • Jul 28, 2010 8:15am Jul 28, 2010 8:15am
Quoting wormboy
cheers mate. had luck on my side nothing more
good luck to you
well true to a point but you wouldnt have done it really if you didnt think it was worth it... and luck always plays a part in this to certain degree........

enjoy and put some pics up if when you buy them!!
"Millionaires don't use astrology, billionaires do"
  • #241,533
  • Jul 28, 2010 8:18am Jul 28, 2010 8:18am
welp, time to reverse. the dragon is headed up & it looks like cable is too.
Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gy5a.gif Size: 28 KB
Thank You
  • #241,534
  • Jul 28, 2010 8:37am Jul 28, 2010 8:37am
Quoting AnonYmos
Thanks for explaining. Hope you made good pips on it. Buying a Hayabusa too?
charts may look a little different , but take a little time look them over . My gbpusd day trades have been short from the WH4 area in the narrow red box , have had 2 decent short trades from tht area , then the inverted head and shoulder pattern was visible with the head area right at the daily pivot so have tried a long from the last yellow box on the right have closed most of them now with 30 pips a few runners if they go they go if they get sttped out for a couple of pips no biggie . those plus the sht dragon trades has made a nice day , I dont really care wht the price does the rest of the day or if it makes a big move or if it doesent, if it breaks out , my day trades have done well . Just takes a few more trades to get the pip count as opposed to taking a posistion and waiting for a big run hoping your right most times you will have a few runners on if something makes a nice run anyway, cheers
Attached Image (click to enlarge)
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  • #241,535
  • Jul 28, 2010 8:38am Jul 28, 2010 8:38am
brought my stop up to entry 15605
All systems of divination, like music itself,work through patterns.
  • #241,536
  • Jul 28, 2010 8:38am Jul 28, 2010 8:38am
new high! woohoo!
Thank You
  • #241,537
  • Jul 28, 2010 8:40am Jul 28, 2010 8:40am
Quoting kaspopsicle
brought my stop up to entry 15605
nice one
tho i think the low of that doji on the m5 @5598 is a safer bet. but good stuff!
Thank You
  • #241,538
  • Jul 28, 2010 8:43am Jul 28, 2010 8:43am
1.5725 next after crude oils news
To Your Success!!
  • #241,539
  • Jul 28, 2010 8:46am Jul 28, 2010 8:46am
simple hourly view of the previous gbpusd charts
Attached Image (click to enlarge)
Click to Enlarge Name: 60 minute.jpg Size: 107 KB
  • #241,540
  • Jul 28, 2010 8:49am Jul 28, 2010 8:49am
as you can see from the chart where still in a uptrend also im holding a big position so i will be looking to take some profit off the table, still have 1.5780 in sight.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Chart.PNG Size: 53 KB
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