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Cable Update (GBPUSD)

  • #243,781
  • Aug 6, 2010 4:36am Aug 6, 2010 4:36am
Quoting mdiz2
I know what you are saying. It's nice to have a more defined plan. I was always looking for quick scalps before with no solid exit strategy.
We seem to be at a similar stage.. i can hear myself in your words.
All systems of divination, like music itself,work through patterns.
  • #243,782
  • Aug 6, 2010 4:36am Aug 6, 2010 4:36am
Quoting subterfuge
lol, are you having a laugh?
I thought you said that you were looking for upside! Rmember the 4hr pin par the bbmac spoke of that you said you bought?

Then, when it moves down against you, you post charts 'after the fact' of the down move and talk about how easy it is! lol.
you couldn't make this stuff up!

I like this thread on account of how busy it is, but there are litereally only like 3 people who post realtime calls and the rest is just complete, 'monday morning quarterback' BS.
i bought that too, and closed it in profits too with my trailing stop technique

nothing wrong here
  • #243,783
  • Aug 6, 2010 4:37am Aug 6, 2010 4:37am
Quoting wormboy
I told you yesterday, he has the bestest greatest elliot wave software. that software will magically get him out of all trades in profit.
don't mess with him, according to him he's never wrong
that is funny lol
  • #243,784
  • Aug 6, 2010 4:38am Aug 6, 2010 4:38am
I know WB.
I though id give him a second chance, lol.
Im used to a different trading forum where everyone gives propper realtime calls. No ambiguity whatsoever.
Unfortunately, its been a little quiet the last few weeks, and I though id stop by this forum/thread as it gets a lot of traffic and hoped it would be of a similar quality.
  • #243,785
  • Aug 6, 2010 4:40am Aug 6, 2010 4:40am
ascending 4hr channel under threat now ?

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.gif Size: 13 KB
ex member
  • #243,786
  • Aug 6, 2010 4:41am Aug 6, 2010 4:41am
that last M5 low came at the 14.6 fib of the (1.5967-1.5820) on the H1

14.6 fib showing it's head again...

just my observation
  • #243,787
  • Aug 6, 2010 4:43am Aug 6, 2010 4:43am
Quoting digger1
that is funny lol



Quoting subterfuge
I know WB.
I though id give him a second chance, lol.
Im used to a different trading forum where everyone gives propper realtime calls. No ambiguity whatsoever.
Unfortunately, its been a little quiet the last few weeks, and I though id stop by this forum/thread as it gets a lot of traffic and hoped it would be of a similar quality.
lol, i was just playing.
don't mind lion, that's how he is.
stick around bro. there are some class character in here.

okay, time for my jog. good luck guys!
Thank You
  • #243,788
  • Aug 6, 2010 4:44am Aug 6, 2010 4:44am
steepest 1hr ascending trendline has been breeched to downside in that move down [wide grey dotted]...could be a 1hr descending channel forming ?

Mni latest saying some bids remain to 5840, stronger 5820/25, stops below .

G/L
Attached Image
ex member
  • #243,789
  • Aug 6, 2010 4:45am Aug 6, 2010 4:45am
Quoting bbmac
ascending 4hr channel under threat now ?

G/L
yes it is.
but there's still the previous res level below it to deal with.

chart:
1. http://www.forexfactory.com/showpost...stcount=243778
Thank You
  • #243,790
  • Aug 6, 2010 4:46am Aug 6, 2010 4:46am
Quoting wormboy





lol, i was just playing.
don't mind lion, that's how he is.
stick around bro. there are some class character in here.

okay, time for my jog. good luck guys!
i always use a trailing stop and never let my live trades run beyond 25 pips if it goes wrong

i believe in die another day

ofcourse i know you were just playing with me

you are my sweetest bro
  • #243,791
  • Aug 6, 2010 4:46am Aug 6, 2010 4:46am
Quoting kaspopsicle
Me too..feel so less nervous using these boxes..G/L
I'm having fun with them, caught the first box and got into profit but moved to B/E too early and got stopped
  • #243,792
  • Aug 6, 2010 4:51am Aug 6, 2010 4:51am
first 1 minute gave a sharp move

now 5 minute might give similar move

follow it with a tight trailing stop, cause these kind of moves fizzle out fast
  • #243,793
  • Aug 6, 2010 4:54am Aug 6, 2010 4:54am
Re post concerning 3 x current 3 fib clusters earlier the lowest one 5565-83 if you widen out to 5560-87 it becomes a current 4 fib cluster.

ie: 23.6%'s of 4229 and 4345-5968, 38.2% 4944-same 5968 hi and 76.4% of 5441-same 5968 hi.

Didn't spot it in mornming set-up routine as plotted across daily and 4hr charts.

G/L
ex member
  • #243,794
  • Aug 6, 2010 4:55am Aug 6, 2010 4:55am
Quoting forexlion
first 1 minute gave a sharp move

now 5 minute might give similar move

follow it with a tight trailing stop, cause these kind of moves fizzle out fast
15 min W might form

http://img227.imageshack.us/img227/6821/30009809.gif
  • #243,795
  • Aug 6, 2010 4:57am Aug 6, 2010 4:57am
hmm.. wondering if my box range is correct..
ignore the trend line. it was yesterday's
Attached Image (click to enlarge)
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  • #243,796
  • Aug 6, 2010 4:58am Aug 6, 2010 4:58am
Quoting id5
I'm having fun with them, caught the first box and got into profit but moved to B/E too early and got stopped
Nothing wrong with BE, it's a win in my mind sometimes. It looks like the move has stalled and it may go sideways for awhile. Would have been a good gainer if we would have caught it from the first breakout. I left the house for a minute, came back and pow! it was off. There will be more opportunities.
  • #243,797
  • Aug 6, 2010 5:01am Aug 6, 2010 5:01am
Quoting forexlion
15 min W might form

http://img227.imageshack.us/img227/6821/30009809.gif
my EA follows with a 3 pip trailing SL

http://img225.imageshack.us/img225/6232/68622527.gif
  • #243,798
  • Aug 6, 2010 5:01am Aug 6, 2010 5:01am
Quoting Phate
hmm.. wondering if my box range is correct..
ignore the trend line. it was yesterday's
I have the same thing. Not that it means anything I am just learning.
  • #243,799
  • Aug 6, 2010 5:03am Aug 6, 2010 5:03am
Looks like it wants to form a W on 1 hour
  • #243,800
  • Aug 6, 2010 5:04am Aug 6, 2010 5:04am
should be an interesting day for cable, no trade for me before news release.... will trade the break of .5970 for long tp1: .6050 & tp2: .6130 or short on break of .5820 to tp1: .5720 & tp2: .5660....
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