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Cable Update (GBPUSD)

  • #243,041
  • Aug 4, 2010 5:27am Aug 4, 2010 5:27am
Quoting Dayboy001
you are just an idiot, the next thing we'll see is you posting your massive P+L and we all believe that (of course nobody has ever heard of photoshop).
  • #243,042
  • Aug 4, 2010 5:41am Aug 4, 2010 5:41am
Quoting fxoxford
little man started it, but i do agree with you it is a waste of space, i won't respond to little man again.
i really wish that you wouldt respond to any trader ever again. Your comments have always been, at best, vacuous ,childish,arrogant and rude.
All systems of divination, like music itself,work through patterns.
  • #243,043
  • Aug 4, 2010 5:46am Aug 4, 2010 5:46am
http://nsa16.casimages.com/img/2010/...4556916778.jpg

other analysis on my blog http://foxtrade-foxtrade.blogspot.com/

  • #243,044
  • Aug 4, 2010 5:46am Aug 4, 2010 5:46am
The forkers are making a killing today.
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  • #243,045
  • Aug 4, 2010 5:49am Aug 4, 2010 5:49am
Quoting grashid
http://www.forexfactory.com/showpost...&postcount=347
http://www.forexfactory.com/showpost...stcount=241630

talk lesser is better rather than talk too much....
  • #243,046
  • Aug 4, 2010 5:51am Aug 4, 2010 5:51am
this is killing me slowly, longs yesterday didn't go up and shorts today not going down
  • #243,047
  • Aug 4, 2010 6:04am Aug 4, 2010 6:04am
Make up your mind insted of die
go for the long term with low lot and see how you are doing
on one side you'll not gain a lot but you'll also not lose alot....

the current pair went up above the daily pivot again, 61.8 of the last move down is being tested as S/R, further move should be up to touch 1.6~ after that we'll see...

GL
  • #243,048
  • Aug 4, 2010 6:06am Aug 4, 2010 6:06am
Quoting slimcat
this is killing me slowly, longs yesterday didn't go up and shorts today not going down
Hit and run bro !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #243,049
  • Aug 4, 2010 6:07am Aug 4, 2010 6:07am
What is going on with this pair the whole month? Smal trends or not trend
  • #243,050
  • Aug 4, 2010 6:11am Aug 4, 2010 6:11am
Quoting egkid
Hi
Last Long position Add 1.5165 TP 1.5780
Not marry to my positions but i see nothing to change my Plan.

Edit:My Post Before the week start here
http://www.forexfactory.com/showpost...&postcount=101
Here it's My Chart and My Next Target
Attachment

One Last thing :
As always says "I could b wrong don't follow me follow ur Chart
Enjoy
GL
Morning
I might close my positions soon depends on my current 4h close

GL ALL
  • #243,051
  • Edited 6:51am Aug 4, 2010 6:12am | Edited 6:51am
Hi Cloggie and 4xstar.. for the past 2 days i have been making more pips than losses.. hope you both are well and thankyou. I'm not trading much, putting alarms on chosen S/R(boxes) but am still doing a few greenies thanks to your help.
Previously in similar matket conditions i would have been trading loss after loss, up down sideways always a loss.i feel that i'm starting to see thanks to your help
All systems of divination, like music itself,work through patterns.
  • #243,052
  • Aug 4, 2010 6:13am Aug 4, 2010 6:13am
Trends that exist on 4hr/daily/weekly t/f's rarely just turn and reverse like that without some kind of attempt by the trend followers to keep it going...someone m,entioned it earlier all oscillators showing bearish div at yesterday's Hi but no bearish follow thru/drop...1hr showing some consolidation not a convincing drop...more than a drop, and what happened when price dropped into the last real 1hr swing lo zone....more buyers...It was the clearest cuthighest probability trading opportunity of the day to buy there (on the lower t/f's trigger) given the scenario described. For the record, I am flat now.

Look how price shot up from that zone after the Monday pullback...clearly a strong previous obvious near-term imbalance of demand/supply, It would frankly have been more surprising if residual demand did not exists there and would have spoken to strength of the bears that demands could be absorbed by the supply.

G/L
Attached Image
ex member
  • #243,053
  • Aug 4, 2010 6:20am Aug 4, 2010 6:20am
exited too early due to ADP fear. but well its been a good swing trade again.
http://img823.imageshack.us/img823/5175/pposition.jpg
To Your Success!!
  • #243,054
  • Aug 4, 2010 6:24am Aug 4, 2010 6:24am
Quoting bbmac
Trends that exist on 4hr/daily/weekly t/f's rarely just turn and reverse like that without some kind of attempt by the trend followers to keep it going...someone m,entioned it earlier all oscillators showing bearish div at yesterday's Hi but no bearish follow thru/drop...1hr showing some consolidation not a convincing drop...more than a drop, and what happened when price dropped into the last real 1hr swing lo zone....more buyers...It was the clearest cuthighest probability trading opportunity of the day to buy there (on the lower t/f's trigger)...
True and agree
My Up Post reason for closing as u mention, Another reason my chart tell Weekly R 1.5950 and above Dangerous zone so as i said soon will decided to lock my profit or let it run
Time important factor in my trading so watching 4h and where will close
  • #243,055
  • Aug 4, 2010 6:28am Aug 4, 2010 6:28am
when overbought market will underpressure... so it will cannot Bullish anymore .. time for Bearish take over...Warning: End of trend - Imminent end of bullish move... Bearish begin....
  • #243,056
  • Aug 4, 2010 6:30am Aug 4, 2010 6:30am
It is more likely to go down to around 1.5870..
  • #243,057
  • Aug 4, 2010 6:34am Aug 4, 2010 6:34am
Quoting GlobalMacro
alright...stopping & reversing @ 1.5930...
cable's finding a nice support on top of that broken Broadening Top I mentioned last week...

front Options containing the price advance so far...but back contracts letting up pressure...

So (still) Long...
Attached Image (click to enlarge)
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Hear the music before the song is over ...
  • #243,058
  • Aug 4, 2010 6:57am Aug 4, 2010 6:57am
Waiting , 3 min candle will close
Can B
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  • #243,059
  • Aug 4, 2010 7:04am Aug 4, 2010 7:04am
15mn to go....i'll buy the news sell off if there is any...hopefully towards 1,5910 before bouncing back...time will tell
COT: The precious data ignored
  • #243,060
  • Aug 4, 2010 7:05am Aug 4, 2010 7:05am
LOL
Look where it closed , Not above 50 and not under it , exactly on 1.5950
So i will hold my positions another 4h
Made my move Mr. Market

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