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Cable Update (GBPUSD)

  • #243,181
  • Aug 4, 2010 10:55am Aug 4, 2010 10:55am
we just need m39 and h 1 confirmation to shoot at it ..i hope iam not wrong sir or iam i drawing wrong tl i drew same as ur charts
Quoting cloggie
We still haven't broken the top of the earlier range yet, so your trade is in anticipation of it going. You'll be happy if it does and will get stopped if it doesn't. 50/50 trade, not a ratio I like.
We cannot direct the winds but we can adjust our sail.
  • #243,182
  • Aug 4, 2010 10:55am Aug 4, 2010 10:55am
Chaps, as a newbie it's great having people like Cloggie / Wormboy etc on board offering their insights but let's not resort to outright asking the guy to do our trading for us. Plenty of info out there for us to make our own decisions...the only way to learn is to make your own decision and analyse the outcome.
  • #243,183
  • Aug 4, 2010 10:55am Aug 4, 2010 10:55am
What is going on with Swissy? Someone cornered the market in chocolate & cheese?
******************* I'd rather make money than be right.
  • #243,184
  • Aug 4, 2010 10:57am Aug 4, 2010 10:57am
Quoting kaspopsicle
Oh OK,If breaks below 15864 and holds..short through round number,through 15819, 15803 to 15775.. them i'll learn how to post a chart.
Why are you having such a problem posting a chart? Do you know how to save one? Or is it the actual posting that you can't do.
******************* I'd rather make money than be right.
  • #243,185
  • Aug 4, 2010 10:57am Aug 4, 2010 10:57am
Quoting xenu
Once again, when you say that - you are wrong.

Yup, the market doesn't give a shite what we think or expect.
  • #243,186
  • Aug 4, 2010 10:58am Aug 4, 2010 10:58am
Quoting cloggie
Safe it somewhere, post reply and click on attachment, browse, double click your chart and hit upload. Job done.
THANKYOU!
All systems of divination, like music itself,work through patterns.
  • #243,187
  • Aug 4, 2010 10:58am Aug 4, 2010 10:58am
Quoting kaspopsicle
THANKYOU!

Come on then, give us your analysis. And you better not start your post with "I think" or "I expect".
  • #243,188
  • Aug 4, 2010 10:59am Aug 4, 2010 10:59am
Quoting Magic Hat
Chaps, as a newbie it's great having people like Cloggie / Wormboy etc on board offering their insights but let's not resort to outright asking the guy to do our trading for us. Plenty of info out there for us to make our own decisions...the only way to learn is to make your own decision and analyse the outcome.
If you click on a person's name, you go to his/her profile and there you can click "View all posts" .. a quick way of seeing all past posts of that person .. very worthwhile for people like Cloggie & Wormboy.
******************* I'd rather make money than be right.
  • #243,189
  • Aug 4, 2010 11:00am Aug 4, 2010 11:00am
Quoting 4xStar
So you are saying there can be a 100 pip difference between brokers? I also have Alpari UK for Meta 4 (as backup) and it agrees with my forex.com MT4.
as i know, yes it may... because daily closed are based on H4 Chart if im not mistaken, and since every broker has different counting on their H4 we may saw 4 different low...
Verily, in every difficulties there is relief
  • #243,190
  • Aug 4, 2010 11:07am Aug 4, 2010 11:07am
Quoting kaspopsicle
Oh OK,If breaks below 15864 and holds..short through round number,through 15819, 15803 to 15775.. them i'll learn how to post a chart.
only if the break is accompanied by strong momentum...but it's getting late in the session...
Hear the music before the song is over ...
  • #243,191
  • Aug 4, 2010 11:07am Aug 4, 2010 11:07am
post one of your charts please ..i see i am a little off on my charts,,,,iam drwing wrong ltl tl ...
We cannot direct the winds but we can adjust our sail.
  • #243,192
  • Aug 4, 2010 11:09am Aug 4, 2010 11:09am
Quoting posterboy
post one of your charts please ..i see i am a little off on my charts,,,,iam drwing wrong ltl tl ...
We are still in the same range formed Monday, nothing to trade just yet if you are not already in one. We had the fakeout as I posted earlier as my if-then plan and we are right now in no-mans land, going long or short here is just anticipating a direction and is at best a 50/50 trade.
Attached Image (click to enlarge)
Click to Enlarge Name: today's play 34.gif Size: 22 KB
  • #243,193
  • Aug 4, 2010 11:11am Aug 4, 2010 11:11am
okay, booked partial profit & locked the remaining position to work. Free ride.
I'll keep the short position open as the previously bearish close on my H4 signals the tower top formation is complete & that short setup has a higher probability trade atm.
Outta here, good luck everyone
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.gif Size: 18 KB
Thank You
  • #243,194
  • Aug 4, 2010 11:12am Aug 4, 2010 11:12am
Quoting wormboy
okay, booked partial profit & locked the remaining position to work. Free ride.
I'll keep the short position open as the previously bearish close on my H4 signals the tower top formation is complete & that short setup has a higher probability trade atm.
Outta here, good luck everyone

I still got mine, stops at top of Monday's range, that will be the decider for tomorrow.
  • #243,195
  • Aug 4, 2010 11:14am Aug 4, 2010 11:14am
Quoting chitindu
is it a good time to go for long cloggie as its bounced back and crossed 1.58900

See now how you took this trade in anticipation and not as a confirmed direction?
  • #243,196
  • Aug 4, 2010 11:16am Aug 4, 2010 11:16am
range is on from 15901 till 5955
And second parallel line at 82 and 5901 is risky line...better late then give away fortune....

JUST TO SAY I have no position no trade..august 4 .....so fingers are itch but i'll wait hang on to that itch..patience.. ...no mess ups


Quoting cloggie
We are still in the same range formed Monday, nothing to trade just yet if you are not already in one.
We cannot direct the winds but we can adjust our sail.
  • #243,197
  • Aug 4, 2010 11:18am Aug 4, 2010 11:18am
Quoting posterboy
range is on from 15901 till 5955
And second parallel line at 82 and 5901 is risky line...better late then give away fortune....

JUST TO SAY I have no position no trade..august 4 .....so fingers are itch but i'll wait hang on to that itch..patience.. ...no mess ups

That's it a simple TL and a couple of lines will keep you on the right side of the market. Also draw your lines with a crayon not a pencil.

What do we need here for a long to be valid, 5900 has to be confirmed gone and not just pierced. For a short we need 5874 to go and the TL next.

Just watch the fake 'n shakes. They will be there 90% of the time to mop up some retail money.
  • #243,198
  • Aug 4, 2010 11:18am Aug 4, 2010 11:18am
Usually what time can we trade again? It seems dead now.
  • #243,199
  • Aug 4, 2010 11:21am Aug 4, 2010 11:21am
Quoting trending
Usually what time can we trade again? It seems dead now.

London is closed so 70% of the market has disappeared, NY will give us a bit more after 1300 or so, they have set the low now see if they are going to fill the days range or set a new low, once you got that figured you are pretty safe in your direction until TY gives us the retrace.

It is dead for 2 reasons, one is the LC, the other one is the momentum bar on the hourly that so far has not been confirmed yet. Right now it is a game of poker, the big boys are eyeballing each other to see who flinches first.
  • #243,200
  • Aug 4, 2010 11:23am Aug 4, 2010 11:23am
what do you think about this , i used it to trade very good for long time.I think we should take profit from 1,5800 - 1,5777 and buy back , stop loss 1.5745.

http://www.4rextc.com/wp-content/upl.../08/gu0408.gif
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