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Cable Update (GBPUSD)

  • #241,781
  • Jul 29, 2010 2:08pm Jul 29, 2010 2:08pm
Quoting fxoxford
we will break todays high 1.5662 by tommorow
lol, starting to look a little tired up here , coming into crazy friday, near the end of the month , has tried to hold above some weekly pivot levels its at some of my higher quarterly levels and sitting right above the 200 daily sma, anything possible lol I am more inclined to think the other way , Thinking is one thing seeing the charts start to back up that thinking is another . Tommorrow is a new day . Good luck all.
  • #241,782
  • Jul 29, 2010 2:16pm Jul 29, 2010 2:16pm
Quoting digger1
lol, starting to look a little tired up here , coming into crazy friday, near the end of the month , has tried to hold above some weekly pivot levels its at some of my higher quarterly levels and sitting right above the 200 daily sma, anything possible lol I am more inclined to think the other way , Thinking is one thing seeing the charts start to back up that thinking is another . Tommorrow is a new day . Good luck all.
thats why i close my trades for a 35k profit now i will wait to i see any good set-up if not then il live with making 35k this week. good luck to all
  • #241,783
  • Jul 29, 2010 2:21pm Jul 29, 2010 2:21pm
Quoting digger1
lol, starting to look a little tired up here , coming into crazy friday, near the end of the month , has tried to hold above some weekly pivot levels its at some of my higher quarterly levels and sitting right above the 200 daily sma, anything possible lol I am more inclined to think the other way , Thinking is one thing seeing the charts start to back up that thinking is another . Tommorrow is a new day . Good luck all.
Tomorrow being not only Friday but also the last day of the month so we should see some good EG buying and depending on some major news items scheduled for tomorrow we could see a good retrace though. I am keeping my options open either way and not going to carry a trade overnight. Lots of yen news due too.

The fly in the ointment though is the balancing tomorrow at 1500 GMT with some major dollars being sold of to balance the rally in stocks.

A good Freaky Friday for all to come.
  • #241,784
  • Jul 29, 2010 2:25pm Jul 29, 2010 2:25pm
Quoting fxoxford
thats why i close my trades for a 35k profit now i will wait to i see any good set-up if not then il live with making 35k this week. good luck to all
Is that real money?
  • #241,785
  • Jul 29, 2010 2:28pm Jul 29, 2010 2:28pm
Today we have a month-end and a weekend.
  • #241,786
  • Jul 29, 2010 2:30pm Jul 29, 2010 2:30pm
Quoting mary4x
Is that real money?
check my account attachments a few pages back, i don't play with fake money
  • #241,787
  • Jul 29, 2010 2:34pm Jul 29, 2010 2:34pm
Quoting fxoxford
check my account attachments a few pages back, i don't play with fake money
i think the final close was some where around 34k and some change, im in my office right now i don't deal with forex when im in my office, see i also have a export business, so gotta stay focus on export now. good luck to all.
  • #241,788
  • Jul 29, 2010 2:51pm Jul 29, 2010 2:51pm
Quoting fxoxford
im gonna take profit. im done for the week
http://www.forexfactory.com/showthre...99#post3908499
  • #241,789
  • Jul 29, 2010 2:55pm Jul 29, 2010 2:55pm
Quoting mary4x
Is that real money?
Its rare, but I think its real, I wont be surprised to get it see blown off soon coz obviously he is over-leveraging himself by hiding 'margin level' column.
  • #241,790
  • Jul 29, 2010 2:58pm Jul 29, 2010 2:58pm
Quoting Purple
Its rare, but I think its real, I wont be surprised to get it see blown off soon coz obviously he is over-leveraging himself by hiding 'margin level' column.
no need to go there, been doing this for over 8yrs now this is one of my business that makes money week in and week out. i also notice when people do good at trading there are a lot of people who make negative comments, i guess everyone is suppose to fail, like the rest of the 98% , any way good luck with your trading.
  • #241,791
  • Jul 29, 2010 3:01pm Jul 29, 2010 3:01pm
Quoting fxoxford
no need to go there, been doing this for over 8yrs now this is one of my business that makes money week in and week out. i also notice when people do good at trading there are a lot of people who make negative comments, i guess everyone is suppose to fail, like the rest of the 98% , any way good luck with your trading.
  • #241,792
  • Jul 29, 2010 3:03pm Jul 29, 2010 3:03pm
Quoting AllyB
, thanks for the support not like i need it, but i see you understand where im comming from, more pips to
  • #241,793
  • Jul 29, 2010 3:07pm Jul 29, 2010 3:07pm
Quoting fxoxford
, thanks for the support not like i need it, but i see you understand where im comming from, more pips to
Thank You
  • #241,794
  • Jul 29, 2010 3:22pm Jul 29, 2010 3:22pm
SL @ 5616 (8 pips), if it falls, i collect 150 pips

http://img801.imageshack.us/img801/363/95223679.gif
  • #241,795
  • Jul 29, 2010 3:27pm Jul 29, 2010 3:27pm
what do you mean with an 8pip SL you collect 150?

ad

Quoting forexlion
SL @ 5616 (8 pips), if it falls, i collect 150 pips

http://img801.imageshack.us/img801/363/95223679.gif
  • #241,796
  • Jul 29, 2010 3:28pm Jul 29, 2010 3:28pm
Quoting forexlion
SL @ 5616 (8 pips), if it falls, i collect 150 pips

GL
  • #241,797
  • Jul 29, 2010 3:36pm Jul 29, 2010 3:36pm
Quoting fxoxford
thats why i close my trades for a 35k profit now i will wait to i see any good set-up if not then il live with making 35k this week. good luck to all
Good Very Good brother

CAN YOU SHOW FF PEOPLE 35K THIS WEEK EARNING STATEMENT ??????????

I AM SURE U CAN'T I BET YOU ON THIS.
Don't compare your Trades with Others
  • #241,798
  • Jul 29, 2010 3:40pm Jul 29, 2010 3:40pm
Quoting adrianebn
what do you mean with an 8pip SL you collect 150?

ad
my entry is 5608, my SL is 5616, and my TP is 5467

i hope this clarifies the 8 pip SL, if the trade goes wrong all i loose is 8 pips, but i stand to gain a whole lot more
  • #241,799
  • Jul 29, 2010 3:42pm Jul 29, 2010 3:42pm
Quoting DubaiFX
Good Very Good brother

CAN YOU SHOW FF PEOPLE 35K THIS WEEK EARNING STATEMENT ??????????

I AM SURE U CAN'T I BET YOU ON THIS.
first prove it with a whole body pic that you are actually a male

then ask anyone else to prove anything

  • #241,800
  • Jul 29, 2010 3:53pm Jul 29, 2010 3:53pm
Just thought I would stop in and share with everyone a reversal pattern that is forming. If u go to ur 1 hr and 4 hr charts u will see it as plain as the nose on ur face. We have a Head and Shoulders forming and the neckline break is 1.5585, however 1.5575 is major support the target for this move also measures to the 38.2 retracement of the last up move, which puts the target at 1.5456, which is pretty close to the weekly trend line that was broken, this could be the retest of that and the correction need for cable to continue it's up move to 1.58XX area. Good luck. Oh we could see a 1.5640 before we drop. Good Luck
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