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Cable Update (GBPUSD)

  • #254,461
  • Sep 20, 2010 3:18pm Sep 20, 2010 3:18pm
Quoting Magix
Would like to see the 5m 200EMA, current price is at about 5587, but will see where we get to...
At the moment not looking strong and 5m has railroads and could melt down again. Will she how she goes.
  • #254,462
  • Sep 20, 2010 3:21pm Sep 20, 2010 3:21pm
Quoting disegnosys
At the moment not looking strong and 5m has railroads and could melt down again. Will she how she goes.
I shucked one off at the 200 on m1, still holding 1, and have singles on EU and EJ...watching....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #254,463
  • Sep 20, 2010 3:23pm Sep 20, 2010 3:23pm
Quoting Magix
Everything is a chance...But why hold a short at support?

If the fit hits the shan, it's just another trade....
LOL the fit hits the shan, but you're spot on with another trade!

It is a chance but we can enhance our chances -

Confluence factors:
200ma on h1
Possible bull flag on h1/h4
Piercing of the bollinger bands on h4

Odds enhancers:
Uptrend recently engaged on higher timeframes
Previously visited demand zone and it didn't stay there long

Going against it:
No fast movement into the demand zone
Time... Just before NY close

Let's see what happens!
  • #254,464
  • Sep 20, 2010 3:34pm Sep 20, 2010 3:34pm
Quoting bbakker
LOL the fit hits the shan, but you're spot on with another trade!

It is a chance but we can enhance our chances -

Confluence factors:
200ma on h1
Possible bull flag on h1/h4
Piercing of the bollinger bands on h4

Odds enhancers:
Uptrend recently engaged on higher timeframes
Previously visited demand zone and it didn't stay there long

Going against it:
No fast movement into the demand zone
Time... Just before NY close

Let's see what happens!
Thing is B...

Dragon still gotta find support, and next on deck is the M30 200...That being said, I might be inclined to agree with purple about this being a bit of a consolidation area...might even see a bit more of a slide...will just go with the flow.

Closed the Euros, took a few bone there, holding a short on dragon and a long on cable...wanna see where we are when we roll the day.

A fairly nice way to begin the week.
Attached Image (click to enlarge)
Click to Enlarge Name: dragon.jpg Size: 108 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #254,465
  • Sep 20, 2010 3:37pm Sep 20, 2010 3:37pm
Quoting pawpaw1000
jip, going out for a bit...

Also closed all for -3 pips overall...

Down 25 pips for the day! pissed but thinking we might have a meander tonight
Kasposicle: Hows your call on 15572? Thank God that i only ever take advice from people that i perceive 2B experienced in life as well as trading. Trade well you little thug.

well kas, thanks for the concern but as you can see I closed all positions for - 3...

and what is the comment on "only take advise..."?

Jeepers, I'm sure there are people here who are alot younger and yet trade alot better than the older traders...

I don't give advise, I post my trade calls like I've always done, nothing hidden... So please, don't take my advise as I am here to learn from correction.

Would love to see you post some of your trades so we could learn together
@pawpaw1000 on Twitter
  • #254,466
  • Sep 20, 2010 3:42pm Sep 20, 2010 3:42pm
Quoting wormboy
I had almost a similar conversation with ams regarding this over the weekend.
This sort of high return is not sustainable over an extended period if you're planning to trade on a much larger account in the future. Don't fall into the trap the massive gains you achieve from lower pip value can be consistently maintained just as easy on the larger ones. Just a heads up
Heya Wormy,

Mind elaborating? I must say that to achieve returns like this one does risk a bit more and if one had a 100k account, I doubt I' risk more than 1%...

I think 10% pm is achievable, what do you think?

PS This is coming from someone trading a Micro Account
@pawpaw1000 on Twitter
  • #254,467
  • Sep 20, 2010 3:46pm Sep 20, 2010 3:46pm
GU is still moving in little waves....(see chart). We just may see that target before the day is over. (If that dang h1 200 ema would just give!!!)
Pressure still seems down so we will see.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 36 KB
  • #254,468
  • Sep 20, 2010 3:47pm Sep 20, 2010 3:47pm
Geppy, check your PM
  • #254,469
  • Sep 20, 2010 3:57pm Sep 20, 2010 3:57pm
Just did... but it's just a requote of my last PM, something mess up?

Quoting PipChick
Geppy, check your PM
check out my blog: forexmademillionaire dot com
  • #254,470
  • Sep 20, 2010 4:06pm Sep 20, 2010 4:06pm
hi all still looking for h4 ema2oo


1BB its nice to see u bro how is every thing hope u and the F doing great


wise man no longs for now we are having a naked top's party on the beach
  • #254,471
  • Sep 20, 2010 4:13pm Sep 20, 2010 4:13pm
Quoting kill56
wise man no longs for now we are having a naked top's party on the beach
That's the best reason ever to go long!

Eff the charts!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #254,472
  • Sep 20, 2010 4:22pm Sep 20, 2010 4:22pm
Quoting Magix
That's the best reason ever to go long!

Eff the charts!

from there yes sure i do see the 200 on H1 holding for 4 darn hours but still i think we have some juice any way SL @+5 lets see
  • #254,473
  • Sep 20, 2010 4:22pm Sep 20, 2010 4:22pm
Quoting Magix
That's the best reason ever to go long!

Eff the charts!

whats up magix!

Im looking for a nice short entry.

Dunno what kind of retracement to expect before london open?
  • #254,474
  • Sep 20, 2010 4:24pm Sep 20, 2010 4:24pm
Quoting Magix
That's the best reason ever to go long!

Eff the charts!
Catch u tomorrow @US Session when i back from my work
(My position still in Play), Time to get some sleep
  • #254,475
  • Sep 20, 2010 4:27pm Sep 20, 2010 4:27pm
Quoting kill56
from there yes sure i do see the 200 on H1 holding for 4 darn hours but still i think we have some juice any way SL @+5 lets see
Changed ur view and go long?
If so then you don't stuck to your plan and that not good to change ur view in few min but GL bro
C U Tomorrow
  • #254,476
  • Sep 20, 2010 4:33pm Sep 20, 2010 4:33pm
Quoting egkid
Changed ur view and go long?
If so then you don't stuck to your plan and that not good to change ur view in few min but GL bro
C U Tomorrow

bro i dont change my view but i do hit and run dont care where it gos

my view for the long term we are going south the unless we break above 15700 , and this time we will see the 14000's enjoy
  • #254,477
  • Sep 20, 2010 4:44pm Sep 20, 2010 4:44pm
Quoting alex1976
whats up magix!

Im looking for a nice short entry.

Dunno what kind of retracement to expect before london open?
Heya Alex...

I'd take what ever I can get....heh.

Watching the lows of London and my daily pivot shows at the 587 level, posted earlier, some place in that area...won't be holding my breath on that one, but who knows....

Glad to see the looking part of your reply. This statement alone shows that you are exercising some patience and apply it to what you are seeing in your charts.

Awesome.

How has the start of the week treated you so far?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #254,478
  • Sep 20, 2010 5:03pm Sep 20, 2010 5:03pm
GBP/USD will bearish until 1.4200. Start your engine for Sell

GBP/USD have break 50 pivot level. next level it will try break 38.2 and 23.6 level

http://img534.imageshack.us/img534/2508/break.gif


http://img704.imageshack.us/img704/9439/sell.gif
  • #254,479
  • Sep 20, 2010 5:07pm Sep 20, 2010 5:07pm
Quoting master4forex
GBP/USD will bearish until 1.4200. Start your engine for Sell

GBP/USD have break 50 pivot level. next level it will try break 38.2 and 23.6 level

http://img534.imageshack.us/img534/2508/break.gif


http://img704.imageshack.us/img704/9439/sell.gif
Accompanied by a chart!

Yes

Nicely done!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #254,480
  • Sep 20, 2010 5:52pm Sep 20, 2010 5:52pm
1.42 ? what drugs you did before posting that
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