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Cable Update (GBPUSD)

  • #246,761
  • Aug 18, 2010 12:39pm Aug 18, 2010 12:39pm
http://img682.imageshack.us/img682/9839/68096818.jpg

http://img507.imageshack.us/img507/7594/51662497.jpg
  • #246,762
  • Aug 18, 2010 12:51pm Aug 18, 2010 12:51pm
Quoting GlobalMacro
Price re-entery into the congestion zone failed to complete
She bounced back up just above 1.5560s

I'm buying here @ 1.5610
well this is a drab of a price action...and I need to get off screen...

I am out at 1.5621

My Position Is Now FLAT.
Hear the music before the song is over ...
  • #246,763
  • Aug 18, 2010 12:51pm Aug 18, 2010 12:51pm
Hi I have been following this thread for a long time and thought I should also contribute. First of all I trade intraday purely on signals I get from charts.

I am currently long at 1.5602 ( inverse head and shoulders) with a 32 tick profit target and a stop loss at 1.5584
  • #246,764
  • Aug 18, 2010 12:59pm Aug 18, 2010 12:59pm
since the forum is so dead at the moment, thought I'd ask what other pairs you guys like trading? I'm just doing fibre and cable...
@pawpaw1000 on Twitter
  • #246,765
  • Aug 18, 2010 1:11pm Aug 18, 2010 1:11pm
looks like she wants to pop to the downside... lets see if we can get a 20-30 pip scalp

could someone please turn up the "volume" ???...pleeeez!
  • #246,766
  • Aug 18, 2010 1:14pm Aug 18, 2010 1:14pm
Quoting pawpaw1000
since the forum is so dead at the moment, thought I'd ask what other pairs you guys like trading? I'm just doing fibre and cable...
can be wild at times but I like dabbleing in the gbpjpy pair a bit , audjpy isint bad at times either
  • #246,767
  • Aug 18, 2010 1:17pm Aug 18, 2010 1:17pm
Quoting long_on_life
Hi I have been following this thread for a long time and thought I should also contribute. First of all I trade intraday purely on signals I get from charts.

I am currently long at 1.5602 ( inverse head and shoulders) with a 32 tick profit target and a stop loss at 1.5584
You didn't specify your TF for proper follow up.
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #246,768
  • Aug 18, 2010 1:20pm Aug 18, 2010 1:20pm
Quoting Precap2
You didn't specify your TF for proper follow up.
I usually look at 5min, 15 min and 30 min chart and my average holding period is usually around 40-50 mins
  • #246,769
  • Aug 18, 2010 1:21pm Aug 18, 2010 1:21pm
Quoting pawpaw1000
since the forum is so dead at the moment, thought I'd ask what other pairs you guys like trading? I'm just doing fibre and cable...
gj, ej, aj, g.aud, g.cad are my bread and butter. I don't trade no sleeping pair. You can't find uj on my trading chart. Just look at it as a way to update my free signal blog.

Precap2
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #246,770
  • Aug 18, 2010 1:33pm Aug 18, 2010 1:33pm
Im out, price action is putting me to sleep....
  • #246,771
  • Aug 18, 2010 1:59pm Aug 18, 2010 1:59pm
Hi there,

Any Idea what wil happen if Israel hits Iran in the next week?
I just heard it in the news today and wondering if this will affect the market and weaken USD?
  • #246,772
  • Aug 18, 2010 2:01pm Aug 18, 2010 2:01pm
Quoting joemiami
Im out, price action is putting me to sleep....
It's a good thing when price action stagnates at the moment
of full compression. Here's the 5m... its EMAs have narrowed
to within a 5 pip range. I'd like to also see the 15m draw in
to a tighter pattern then they could both release in tandem.

Don't sleep too long...

Dr. D.
Attached Image
  • #246,773
  • Aug 18, 2010 2:06pm Aug 18, 2010 2:06pm
I missed the move...

where do you think its headed?... 5585 or 5570 area, lower?
  • #246,774
  • Aug 18, 2010 2:20pm Aug 18, 2010 2:20pm
hai guys imback long time not chat here since busy in EA robot heheee
be patient, self-belief and discipline... stay focus...
  • #246,775
  • Aug 18, 2010 2:21pm Aug 18, 2010 2:21pm
Quoting cloggie
And know your patterns so you can trade the fakes, that last one on M15 was a 3 inside down so short on the fake to the top and out about here would have given you another 60 pips without even waiting for a break, the momentum bar on the break out of the bottom would have been the confirmation to hold onto the trade. Right now we are back at the earlier range of the move up so watch your range or get out and bank your 60, which is what I did. Rinse and repeat, patiently trading your ranges should give you loads of pips a week, 4X had over 400 in...
Cloggie , i was reading through your earlier post and came across this comment. If you dont mind can you illustrate with a diagram.

thanks
Choose your destiny!!
  • #246,776
  • Aug 18, 2010 2:24pm Aug 18, 2010 2:24pm
Quoting joemiami
I missed the move...

where do you think its headed?... 5585 or 5570 area, lower?
If we can get below the 1.5600 pyschological barrier, 5590 is the next target down.
  • #246,777
  • Aug 18, 2010 2:29pm Aug 18, 2010 2:29pm
Quoting Fade
Hi there,

Any Idea what wil happen if Israel hits Iran in the next week?
I just heard it in the news today and wondering if this will affect the market and weaken USD?
Israeli shekel (ILS) would appreciate over Iranian rial (IRR) in the interbank. And that would be very unfavorable for Israel as their long-standing business relation with Iran would suffer from inflation on the other end

Precap2
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #246,778
  • Aug 18, 2010 2:43pm Aug 18, 2010 2:43pm
Quoting joemiami
I missed the move...

where do you think its headed?... 5585 or 5570 area, lower?

http://t2.gstatic.com/images?q=tbn:C...ot_A_Knife.jpg


You call that a move? This is a move (and a knife).

Dr. D.
Attached Image
  • #246,779
  • Aug 18, 2010 2:47pm Aug 18, 2010 2:47pm
Quoting fourxtrader
http://t2.gstatic.com/images?q=tbn:C...ot_A_Knife.jpg


You call that a move? This is a move (and a knife).

Dr. D.
You think its going to happen soon ?
If you would like to explain what a compression pattern is, I would realy apriciate it
  • #246,780
  • Aug 18, 2010 2:54pm Aug 18, 2010 2:54pm
Quoting Sunsi
You think its going to happen soon ?
If you would like to explain what a compression pattern is, I would realy apriciate it
Read back through his posts, you will find full explanation with charts. They are easy to find, he types in blue ink.
Or click his name, then click on show all posts and you will see a list of all his posts.
******************* I'd rather make money than be right.
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