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Cable Update (GBPUSD)

  • #245,321
  • Aug 12, 2010 9:40am Aug 12, 2010 9:40am
Quoting forexlion
wrong ....... GOD knows everything !!!






btw i'm in (long).,,base on divergent that someone post before, see you all, next time..
I will be the number one Manager.
  • #245,322
  • Aug 12, 2010 9:41am Aug 12, 2010 9:41am
Quoting forexlion
fresh dumping begins

http://img686.imageshack.us/img686/4562/71048253.gif
What based on that chart

If you look to the left of your chart using your sell line, you can see last time we were here for a little while, so there are plenty of buyers and sellers at this level. Lets see when these fresh new dumpings of yours start, but since you have gone short, I am tempted to go long
  • #245,323
  • Aug 12, 2010 9:46am Aug 12, 2010 9:46am
we were here for 4 days last time.
Si vis pacem, para bellum.
  • #245,324
  • Aug 12, 2010 9:51am Aug 12, 2010 9:51am
Quoting Duce
we were here for 4 days last time.
Someone looked then!

Don't forget to read the small print, where it says "past performance is no guide to future performance" LOL!
  • #245,325
  • Aug 12, 2010 9:51am Aug 12, 2010 9:51am
Quoting Duce
we were here for 4 days last time.

Put up a TL on top of your M5, plenty to trade. No need for Indy's, just keep selling the touches.
  • #245,326
  • Aug 12, 2010 9:52am Aug 12, 2010 9:52am
Quoting wormboy
5564 now. you gonna get paid bro
I did bro...finally...

low 5562...looks like we hit some concrete floor here...just keeps bouncing back up...
Hear the music before the song is over ...
  • #245,327
  • Aug 12, 2010 9:55am Aug 12, 2010 9:55am
Quoting primzvicious
damn indies chatlog
The only Indic I keep now, after alot of add and remove, is MACD whit momentum over it, and volume window.

And honnestly I almost never look at those.

Candle and levels! Reading Price action and % of correction whit some trendline is all is needed.

No need for glasses when you can have direct sight at it.
And you see all the confusion this make, since they (indics) never say the same.

A simple tough on the subject!
Take care!
"Flip that coin!"
  • #245,328
  • Aug 12, 2010 9:55am Aug 12, 2010 9:55am
Quoting 4xStar
I was long up to the line but did not have the presence of mind to close and quickly reverse, so I let some pips get away before joining in lower down. Still a nice ride back down.
great to hear that...been almost one-way street ever since...
Hear the music before the song is over ...
  • #245,329
  • Aug 12, 2010 9:57am Aug 12, 2010 9:57am
fibre just broke the wedge on M5, nice momentum bar to justify the short there and let's see if Cable follows suit.
  • #245,330
  • Aug 12, 2010 9:57am Aug 12, 2010 9:57am
Quoting cloggie
Put up a TL on top of your M5, plenty to trade. No need for Indy's, just keep selling the touches.
No good for us swingers

What is m5
  • #245,331
  • Aug 12, 2010 9:58am Aug 12, 2010 9:58am
Quoting bbakker
No good for us swingers

What is m5

One takes what the market gives us. We got little choice in the matter.
  • #245,332
  • Aug 12, 2010 10:01am Aug 12, 2010 10:01am
Quoting cloggie
fibre just broke the wedge on M5, nice momentum bar to justify the short there
uTL on M30 is holding too, down for 50-60 or so, will take it as she comes. Initial TP 2787 or about
  • #245,333
  • Aug 12, 2010 10:01am Aug 12, 2010 10:01am
Quoting GlobalMacro
I did bro...finally...

low 5562...looks like we hit some concrete floor here...just keeps bouncing back up...
Same floor at the other side of the room
Don't be a hero. Don't have an ego. Always question yourself
  • #245,334
  • Aug 12, 2010 10:04am Aug 12, 2010 10:04am
Quoting USD-Bear
Same floor at the other side of the room

At least this time we have a descending wedge on the 5 which we did not have and a good daily pattern, which was missing last time. Don't have much confidence in the brittle concrete floor. I am going to keep selling the TL, one of these trades she'll go.

We need digger with a proper JCB
  • #245,335
  • Aug 12, 2010 10:12am Aug 12, 2010 10:12am
Quoting bbakker
What based on that chart

If you look to the left of your chart using your sell line, you can see last time we were here for a little while, so there are plenty of buyers and sellers at this level. Lets see when these fresh new dumpings of yours start, but since you have gone short, I am tempted to go long
cable hit my tp of 1 pip and closed green

well atleast i closed green
  • #245,336
  • Aug 12, 2010 10:18am Aug 12, 2010 10:18am
Quoting cloggie
At least this time we have a descending wedge on the 5 which we did not have and a good daily pattern, which was missing last time. Don't have much confidence in the brittle concrete floor. I am going to keep selling the TL, one of these trades she'll go.

We need digger with a proper JCB
I know it's not your cup of tea but for me it's prob. CminiT-trading I see too many supporting forces at and below 1.555
Don't be a hero. Don't have an ego. Always question yourself
  • #245,337
  • Aug 12, 2010 10:20am Aug 12, 2010 10:20am
anyone longin yet ? my fingers r itching.
  • #245,338
  • Aug 12, 2010 10:21am Aug 12, 2010 10:21am
Quoting USD-Bear
Same floor at the other side of the room
that too...
but since I entered on the breakout of the swing low late yesterday I took the pips and sitting this one out...just to be sure....
Hear the music before the song is over ...
  • #245,339
  • Aug 12, 2010 10:23am Aug 12, 2010 10:23am
Quoting forexlion
cable hit my tp of 1 pip and closed green

well atleast i closed green
Was that in your plan
  • #245,340
  • Aug 12, 2010 10:25am Aug 12, 2010 10:25am
Quoting cloggie
At least this time we have a descending wedge on the 5 which we did not have and a good daily pattern, which was missing last time. Don't have much confidence in the brittle concrete floor. I am going to keep selling the TL, one of these trades she'll go.

We need digger with a proper JCB
You got me confused, isn't descending wedge a bullish pattern? Why are you selling into it? Has it got something to do with the lack of volume this time of the day?

Thanks in advance for the info.
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