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Cable Update (GBPUSD)

  • #251,781
  • Sep 9, 2010 3:14am Sep 9, 2010 3:14am
Current low is also 76.4% of that minor 1hr swing low 5359 to same 5533 hi.......How much demand in this 1hr previous swing hi zone ??..
ex member
  • #251,782
  • Sep 9, 2010 3:15am Sep 9, 2010 3:15am
Quoting avalonyu
im wit U~~ long since 5473..im a idiot~
Don't worry... I remember our little discussion last night. Don't worry about intraday if you are trading off daily TF...

If you want to trade intraday you need to learn to play price action and formations and breakouts etc alot better...

Good Luck, I think we will reach your entry at least

HERES FOR YOU:

http://www.trending123.com/patterns/index.html

I havent really gone through it as well as I should but will definately study it more now...

EDIT: DOLLAR TANKING ON H1 BUT CABLE RELUCTANT TO FOLLOW! fIBRE ALREADY MOVING HIGHER... S&P 500F ALSO MOVING UP... SHE HAS TO BLOW...
@pawpaw1000 on Twitter
  • #251,783
  • Sep 9, 2010 3:24am Sep 9, 2010 3:24am
Quoting HiCS
what without a SL?
no SL. cos i have already been sitting here watching for more than 24 hours without sleep..;(
  • #251,784
  • Sep 9, 2010 3:27am Sep 9, 2010 3:27am
Quoting pawpaw1000
Don't worry... I remember our little discussion last night. Don't worry about intraday if you are trading off daily TF...

If you want to trade intraday you need to learn to play price action and formations and breakouts etc alot better...

Good Luck, I think we will reach your entry at least

HERES FOR YOU:

http://www.trending123.com/patterns/index.html

I havent really gone through it as well as I should but will definately study it more now...

EDIT: DOLLAR TANKING ON H1 BUT CABLE RELUCTANT TO FOLLOW! fIBRE ALREADY MOVING HIGHER......
THANKS PAWPAW~~ im gonna study that this weeken.
maybe im one of the minor noobs who start with a real account, juz like every other fish, little bit rush and little bit greedy.
I NEED PATCIENT..
sorry bout my bad english
  • #251,785
  • Sep 9, 2010 3:29am Sep 9, 2010 3:29am
Quoting pawpaw1000
...

Good Luck, I think we will reach your entry at least

....
Words of enourgament/solace perhaps ?? Do you really think that price reaching 5474 is the higher probability within a sensible stop ?? based on available evidence of price action to this point??

Anything can happen of course, but the higher probability suggests not....data effect notwithstanding

Sorry.

G/L
ex member
  • #251,786
  • Sep 9, 2010 3:30am Sep 9, 2010 3:30am
Hey Pawpaw

I'm intrigued. Do you hold a position going into news?
  • #251,787
  • Sep 9, 2010 3:31am Sep 9, 2010 3:31am
It appears on my 4H chart my prediction of a reversal towards 1.5300 is self evident. Now the Asians did "push it off a cliff" but the londoners have given it some lift but it won't last.

p.s just this minute we have breached 1.54000!!!
Attached Image (click to enlarge)
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Our beliefs are based on logic and the pursuit of clearity.
  • #251,788
  • Sep 9, 2010 3:36am Sep 9, 2010 3:36am
Hopefully will see an end to this do your head in PA.

Still targeting my TP.
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #251,789
  • Sep 9, 2010 3:36am Sep 9, 2010 3:36am
Quoting bbmac
Words of enourgament/solace perhaps ?? Do you really think that price reaching 5474 is the higher probability within a sensible stop ?? based on available evidence of price action to this point??

Anything can happen of course, but the higher probability suggests not....data effect notwithstanding

Sorry.

G/L
NP...

Well, like I said, I was working on the principle that LO should give us either a good 80 pip move or fake and turn. I was thinking that was a fake and turn but seems the news has just pushed us through that support...

Anything can happen on cable and that is why I told him that we might reach his Entry and the fact that I had just gone long on a 123 possible reversal...

But hey, MM as we cant win them all!

DELITE: yes, if I'm already in a position, i put a tight s/l like there I had a 16 pip loss... Nothing when you get a 100 pipper every now and then...
@pawpaw1000 on Twitter
  • #251,790
  • Sep 9, 2010 3:37am Sep 9, 2010 3:37am
Quoting Gbp/usd
It appears on my 4H chart my prediction of a reversal towards 1.5300 is self evident. Now the Asians did "push it off a cliff" but the londoners have given it some lift but it won't last.

p.s just this minute we have breached 1.54000!!!
5380 is crucial!

JUST BROKE>>>

OR NOT :o
@pawpaw1000 on Twitter
  • #251,791
  • Sep 9, 2010 3:37am Sep 9, 2010 3:37am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
back in the range peeps until later today...


Quoting ams
Good one TT, my 2 cents, chart below suggests false breakouts which was expected...could this be a false breakout and we go back in range as we closed the day within the range, who knows...seems bullish though but surprise considering BOE wouldn't be raising rates soon so why buy..hmm

ta
ams
  • #251,792
  • Sep 9, 2010 3:38am Sep 9, 2010 3:38am
Quoting Magix
Awwwww....

Did the Big Bad Magix hurt your little feelings?

Thought you had me on ignore here still dude?

Seriously, it's gotta irk you a little knowing that if you exercised a little patience how much you would have actually made over the last couple days...

You will have to forgive me for using you as a great example of what not to do, it's just that, you really are a great example of what not to do.
No an arrogant kid like you can't hurt my feelings, what makes you think you are big?
But again stick out your neck before judging others I happened to see some remarks concerning a bullish engulfment some 100 pips higher then current but I'm sure you will be telling us you have shorts at BE+5 or the likes.
Give your calls beforehand, I'm sure that would hurt your self-esteem, loser
Don't be a hero. Don't have an ego. Always question yourself
  • #251,793
  • Sep 9, 2010 3:40am Sep 9, 2010 3:40am
Quoting USD-Bear
No an arrogant kid like you can't hurt my feelings, what makes you think you are big?
But again stick out your neck before judging others I happened to see some remarks concerning a bullish engulfment some 100 pips higher then current but I'm sure you will be telling us you have shorts at BE+5 or the likes.
Give your calls beforehand, I'm sure that would hurt your self-esteem, loser
Blimey - do you have to? Just put them on ignore and enjoy your trading.
  • #251,794
  • Sep 9, 2010 3:42am Sep 9, 2010 3:42am
Quoting bbmac

Anything can happen of course, but the higher probability suggests not.

Sorry.

G/L
  • #251,795
  • Sep 9, 2010 3:46am Sep 9, 2010 3:46am
latest on my newsfeed: '..Us investment House suggest 5370-34 may be a good place to buy the dip...'

make of it what you will...no further info
ex member
  • #251,796
  • Sep 9, 2010 3:46am Sep 9, 2010 3:46am
Stocks breaking upwards and approaching recent highs. EU is reacting. I guess if they can break the highs then GU might follow?
  • #251,797
  • Sep 9, 2010 3:48am Sep 9, 2010 3:48am
must admit did not have the balls to stay in much longer. Will sit back and enjoy my 200+ pips victory today.
Attached Image (click to enlarge)
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Our beliefs are based on logic and the pursuit of clearity.
  • #251,798
  • Sep 9, 2010 3:48am Sep 9, 2010 3:48am
The mid-point of that Broadening Formation (see chart below) is proving very formidable...as soon as price touched it, it fell immediately back and some...
My bias is now bearish for cable...
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Hear the music before the song is over ...
  • #251,799
  • Sep 9, 2010 3:50am Sep 9, 2010 3:50am
Quoting USD-Bear
No an arrogant kid like you can't hurt my feelings, what makes you think you are big?
But again stick out your neck before judging others I happened to see some remarks concerning a bullish engulfment some 100 pips higher then current but I'm sure you will be telling us you have shorts at BE+5 or the likes.
Give your calls beforehand, I'm sure that would hurt your self-esteem, loser
Listen Ace...

The daily from yesterday is a bullish engulfing...not my terminology.

The day swung to the south, I got stopped out of my long positions and yeah, I have taken a short ride, holding from 5453...

I post all of my charts complete with indicators at my thread.

It makes you a big man because you post your plays?

Really?

And even if it did...it would still seem to me that after being in the industry for 40 years, I wouldn't be able to trust ROI to be a can of soda if I handed you a fist full of quarters in front of a coke machine.

I tried to show you the charts, tried to talk you through some logic...you obviously wanna take things on your own. I just encourage others to not be as stubborn and play off their own charts.

But hey...That's just my idea.

Area and reason I went short...



IF you like, I could post my next setup for ya....or go to my thread and download the indies for yourself.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #251,800
  • Sep 9, 2010 3:51am Sep 9, 2010 3:51am
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@pawpaw1000 on Twitter
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