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Cable Update (GBPUSD)

  • #255,361
  • Sep 23, 2010 6:10am Sep 23, 2010 6:10am
Still holding longs... but change target to 5810


Quoting scurt
added another long at 5662 because of 4H candle looks 100% bullish, target 5720...
  • #255,362
  • Sep 23, 2010 6:13am Sep 23, 2010 6:13am
Quoting samirb
Good day Nav,
how you doing

i am expecting one more shakeout before we fly..
Good luck bro

Regards

same brother!!

Quoting kill56
http://cdn.forexfactory.com/images/s.../yim/devil.gif in u dreams bro http://cdn.forexfactory.com/images/s..._the_floor.gif whats up

es (S&P) is under 1130 its scary for long for now
killy baby..place the seat belt..shitty cable going north..
  • #255,363
  • Sep 23, 2010 6:20am Sep 23, 2010 6:20am
that buy call on cable was hot! thanks for sharing i took 50 pips
  • #255,364
  • Sep 23, 2010 6:23am Sep 23, 2010 6:23am
Quoting Sunsi
How d you see a bullish flag on that chart?
the concept of the flag is..big move up! consolidate..then fly..

so far it moved up now its consolidating..waiting for the flying..
  • #255,365
  • Sep 23, 2010 6:23am Sep 23, 2010 6:23am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting nAVIN2007
same brother!!



killy baby..place the seat belt..shitty cable going north..
cable index.. possible inverted head and shoulder

Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: gblx.gif Size: 18 KB
  • #255,366
  • Sep 23, 2010 6:29am Sep 23, 2010 6:29am
Quoting samirb
cable index.. possible inverted head and shoulder

Good luck
good stuff bro!
  • #255,367
  • Sep 23, 2010 6:29am Sep 23, 2010 6:29am
Quoting samirb
cable index.. possible inverted head and shoulder

Good luck
Well that is one very good candle formation and very good example for placing buy limit order. I think the best place to put your limit order is right at the high of the hammer.. (I'm using the chart the candle formation in case any newcomers here didn't know where the right place to put their limit order)

imho..
  • #255,368
  • Sep 23, 2010 6:48am Sep 23, 2010 6:48am
Shorts covered@15665 and back in the green...happy days
  • #255,369
  • Sep 23, 2010 6:54am Sep 23, 2010 6:54am
Lets scalp a short, not really my ball game but what the hell...

sell 1.5668 SL 1.5710 TP 1.5600
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #255,370
  • Sep 23, 2010 6:54am Sep 23, 2010 6:54am
Quoting Alexbabwa
long at 82, half stakes
filled in rest of my stakes at 75, giving me a position of 78. something
  • #255,371
  • Sep 23, 2010 6:56am Sep 23, 2010 6:56am
Still looking to sell rallies...
  • #255,372
  • Sep 23, 2010 6:57am Sep 23, 2010 6:57am
This board is a good reflection of the market today, absolutely split between longs and shorts.

Of course you have to ignore Navin, he is a perma bull
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  • #255,373
  • Sep 23, 2010 7:05am Sep 23, 2010 7:05am
Quoting ubaidahsan
we have broked upside let see how it plays already long from 5530-5550 and 5580 will add more if we clear 5730 level good luck

Ub
Ub mate a couple of things to keep in mind when drawing TL:

1. The origin of the TL is a significant Support or Ressistance (this rule is very important for TL integrity).
2. Forms a min of 2 touches
3. With previously broken TL, they must be longer term and heavily supported by support/resistance at the origin.

If you put the above rules in practice and continually question your TL integrity by looking for supporting factors like Fibs, pivots and suport/resistance.

I hope that helps you mate.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #255,374
  • Sep 23, 2010 7:06am Sep 23, 2010 7:06am
My view on cable.

Edit:

Sorry for the inverted fib ed:
Attached Image (click to enlarge)
Click to Enlarge Name: cable.GIF Size: 38 KB
  • #255,375
  • Sep 23, 2010 7:07am Sep 23, 2010 7:07am
Quoting samirb
cable index.. possible inverted head and shoulder

Good luck
Yes buy on dips in the definite strategy.

Nice chart
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #255,376
  • Sep 23, 2010 7:13am Sep 23, 2010 7:13am
Quoting Bull_Bear
Ub mate a couple of things to keep in mind when drawing TL:

1. The origin of the TL is a significant Support or Ressistance (this rule is very important for TL integrity).
2. Forms a min of 2 touches
3. With previously broken TL, they must be longer term and heavily supported by support/resistance at the origin.

If you put the above rules in practice and continually question your TL integrity by looking for supporting factors like Fibs, pivots and suport/resistance.

I hope that helps you mate.
Great post - really helpful!
  • #255,377
  • Sep 23, 2010 7:13am Sep 23, 2010 7:13am
Quoting Uphios
This board is a good reflection of the market today, absolutely split between longs and shorts.

Of course you have to ignore Navin, he is a perma bull
Yes but the bulls have the longer term trend on their side ^^
  • #255,378
  • Sep 23, 2010 7:16am Sep 23, 2010 7:16am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting Bull_Bear
Yes buy on dips in the definite strategy.

Nice chart

Good day bro..
Thanks for your appreciation.

I do feel one last shakeout where your pending order gets filled at 15580 to 15600 before we fly..
because there is some single prints left in last days profile..
I maybe wrong and we can fly without breaking today`s low.. but my view is we will kiss that before we fly.. lets see.

Good luck with you trade bro
Regards
  • #255,379
  • Sep 23, 2010 7:18am Sep 23, 2010 7:18am
Quoting Alexbabwa
Yes but the bulls have the longer term trend on their side ^^
Hee Hee. Depends on your view of longer term. Seen the monthly chart lately?
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  • #255,380
  • Sep 23, 2010 7:19am Sep 23, 2010 7:19am
Quoting Delite
Great post - really helpful!
Glad you got some value from it.

TL's are a very powerful if you harness it to your advantage.

Good Luck
Veni, Vidi, Vici (We came, we saw, we conquered)
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