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Cable Update (GBPUSD)

  • #251,501
  • Sep 7, 2010 11:55pm Sep 7, 2010 11:55pm
  •  zigizum
  • | Joined Aug 2010 | Status: Not in a hurry too blow my account | 52 Posts
added short at 5410
  • #251,502
  • Sep 7, 2010 11:56pm Sep 7, 2010 11:56pm
Hi guys,

Now I hear quite a diffrent song coming from my favourite H4 chart.....long long....

so let me explain....I see momentum, confirmed by my two indies, to the upside.....

Question: will kumo stop that move....not sure.....I believe it may hit upper line of my channel....

But of course I'll be very cautious when PA will be close to kumo....and be ready to reverse....PA will tell later

Good luck to everyone
Attached Image (click to enlarge)
Click to Enlarge Name: saisie_chart.gif Size: 34 KB
Non licet omnibus adire Corinthum
  • #251,503
  • Sep 7, 2010 11:57pm Sep 7, 2010 11:57pm
Quoting Dayboy001
8:00am GBP Halifax HPI m/m

I agree but am waiting to get past the news first, who knows which way that might take us.
I'm soo glad I've learnt to wait!!!

GOT IN SHORT AT 5426... T/P at 5300 ish and s/l 5456...

ANd yet, making kneejerk trades still comes naturally to me!
@pawpaw1000 on Twitter
  • #251,504
  • Sep 8, 2010 12:01am Sep 8, 2010 12:01am
Bye bye Shorts S/l lol
  • #251,505
  • Sep 8, 2010 12:11am Sep 8, 2010 12:11am
  •  zigizum
  • | Joined Aug 2010 | Status: Not in a hurry too blow my account | 52 Posts
Quoting zigizum
added short at 5410

added short at 5457....its right on the upside channel...still downtrend...
Short from previous week at 5445 and 5394...

SL at 5510
  • #251,506
  • Sep 8, 2010 12:13am Sep 8, 2010 12:13am
Quoting zodiak
me too...especially if 12h closes above 1.5230 (38,2% fib)..cheers

..and i locked my +100 pips..cheers
  • #251,507
  • Sep 8, 2010 12:16am Sep 8, 2010 12:16am
Quoting zigizum
added short at 5457....its right on the upside channel...still downtrend...
Short from previous week at 5445 and 5394...

SL at 5510
I might want to reconsider those shorts if i were you...but who knows, i might be wrong.
  • #251,508
  • Sep 8, 2010 12:19am Sep 8, 2010 12:19am
5485 short???

may be in an hr
  • #251,509
  • Sep 8, 2010 12:19am Sep 8, 2010 12:19am
Quoting hicomm
I might want to reconsider those shorts if i were you...but who knows, i might be wrong.
...or i might be right
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  • #251,510
  • Sep 8, 2010 12:20am Sep 8, 2010 12:20am
Quoting GlobalMacro
Ok...support gave in...

Stopping & reversing @ 1.5320
Woohoo nice start!!!....

she continued her whipping mode overnight...S/L hit at 1.5374

Being off-screen couldn't take the opposite trade...

Position FLAT for now.
Attached Image (click to enlarge)
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Hear the music before the song is over ...
  • #251,511
  • Sep 8, 2010 12:21am Sep 8, 2010 12:21am
  •  zigizum
  • | Joined Aug 2010 | Status: Not in a hurry too blow my account | 52 Posts
Quoting hicomm
I might want to reconsider those shorts if i were you...but who knows, i might be wrong.

Yes, I still see strong resistance at 5485, but momentum is strong...

I play only 2% per cross strategy so im confident that I can still see the downside...add my short at 5490 and moved my SL to 5540...

Now I risk 2%....so 5 trades for 2 % exposure, hope it will last
  • #251,512
  • Sep 8, 2010 12:23am Sep 8, 2010 12:23am
Please be alert that the Golden cross for G/U and A/U in Daily timeframe.
S & P is still under construction.
  • #251,513
  • Sep 8, 2010 12:23am Sep 8, 2010 12:23am
Quoting zigizum
Yes, I still see strong resistance at 5485, but momentum is strong...

I play only 2% per cross strategy so im confident that I can still see the downside...add my short at 5490 and moved my SL to 5540...

Now I risk 2%....so 5 trades for 2 % exposure, hope it will last
Did u see the chart i posted?
Attached Image (click to enlarge)
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  • #251,514
  • Sep 8, 2010 12:25am Sep 8, 2010 12:25am
[Dow Jones] Sterling continues its yo-yo trading pattern adding one cent from Asia's $1.5347 lows. The spark for the latest move was a 0.2% gain in UK house prices for August reported by the Halifax where a negative print had been expected. Earlier in the session news Vodafone is selling its stake in China Mobile for around GBP4B also gave the pound a lift. GBP/USD now at 1.5476, EUR/GBP at 0.8220. ([email protected])
  • #251,515
  • Sep 8, 2010 12:33am Sep 8, 2010 12:33am
im exiting my long from yesterday at 5395, its too risky with news coming... sit aside may be for a short later
  • #251,516
  • Sep 8, 2010 12:43am Sep 8, 2010 12:43am
Quoting Magix
S/L moved into +5 for now, will see how this plays out, worst I am gunna down right now is churn a brownie. Not bad for a quick look at the charts and happening to be here as opportunity knocks.

Rock on Brother, Rock on!


Scratch that, took 21x2 on this one, will wait until we clear the 15m 200EMA for continuation.

Hey, where was that wanker Bull_Bear short from? What kinda profit is he sitting with...Oh yeah, about 16 pips...lol

Way to go Grape Smuggler!
he is a very big trader..dont make the assumption he trades for bear money he is one the biggest players in here
  • #251,517
  • Sep 8, 2010 12:44am Sep 8, 2010 12:44am
  •  zigizum
  • | Joined Aug 2010 | Status: Not in a hurry too blow my account | 52 Posts
Quoting hicomm
Did u see the chart i posted?

saw that mate
  • #251,518
  • Sep 8, 2010 12:52am Sep 8, 2010 12:52am
Played a short from 1.5485 which is a resistance point off my TL. However it goes I wait. Let chaos be complete. Only I remember that 1.5454 is my weekly pivot line. I'll watch PA there.

Peace!
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #251,519
  • Sep 8, 2010 12:53am Sep 8, 2010 12:53am
Quoting javajames
Hi guys,

Now I hear quite a diffrent song coming from my favourite H4 chart.....long long....

so let me explain....I see momentum, confirmed by my two indies, to the upside.....

Question: will kumo stop that move....not sure.....I believe it may hit upper line of my channel....

But of course I'll be very cautious when PA will be close to kumo....and be ready to reverse....PA will tell later

Good luck to everyone
http://www.forexfactory.com/showpost...stcount=251513

As I said, it perfectly hit upper line of my channel......now it's time to come back to current trend......bearish

As you see after some years of experience (6 in forex, 12 in stocks and options) trading becomes easier.....

Trade well
Attached Image (click to enlarge)
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Non licet omnibus adire Corinthum
  • #251,520
  • Sep 8, 2010 12:53am Sep 8, 2010 12:53am
Swift run up to 108% of it's 20day average pip range...very overbought on 1min, 5min and 15min as 5min breeched a channel that containes 99% of price action...very overbought....made more on the short than the long (lol) entering on the 1min as price hit 'stronger offers 5490/00-mni' 100sma on 4hr and area of daily R2 pivot potential resistance confluence area.

Market had reacted to Halifax House price survey showing rise in August in UK...more data later @ 0830am gmt.

Will yesterday's Hi provide any support now ahead of this ?
Attached Image (click to enlarge)
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