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Cable Update (GBPUSD)

  • #255,621
  • Sep 24, 2010 12:49am Sep 24, 2010 12:49am
Quoting Togu
I really don't have any bias for GBPUSD. lost 11k and now I'm hesitating to pull the triggers.
The PA is respecting the TL nicely.
Ouch! Stay hesitant you'll get it back. Wait for a break out and retest of the trendline. Dial down to small time frames and look for some price action of buyers/sellers defending the line as price comes back for the retest. It's anyones guess which way she'll go at this point.
Cap
  • #255,622
  • Sep 24, 2010 12:52am Sep 24, 2010 12:52am
Quoting The Captain
Ouch! Stay hesitant you'll get it back. Wait for a break out and retest of the trendline. Dial down to small time frames and look for some price action of buyers/sellers defending the line as price comes back for the retest. It's anyones guess which way she'll go at this point.
Thanks for encouragement.
  • #255,623
  • Sep 24, 2010 12:53am Sep 24, 2010 12:53am
If she breaks north, the next stop will probably be 573x.. South she'll prob go all the way to 5600 and find resistance there.
Cap
  • #255,624
  • Sep 24, 2010 12:54am Sep 24, 2010 12:54am
Quoting The Captain
Better believe she can brother! But those TL's are converging and the end of the road is near..she can only go one way.
hey, if she can only go one way and your 4hr tl can't be broken, there wouldn't be any break out dude
yesterday was good, today is the best, tomorrow is amazing.....
  • #255,625
  • Sep 24, 2010 12:55am Sep 24, 2010 12:55am
Amused....

I spend waaaaaaaaaaaaaaaay to much time looking at numbers.
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  • #255,626
  • Sep 24, 2010 12:58am Sep 24, 2010 12:58am
Quoting Magix
Gotta like how the daily roll price was defended on that spike down on EU...
lol mag .. you love trying to confuse em all.... lol

simple support from us session is all( well also happens to be lower value area for today also) ..what is daily roll out any way can you please explain is that your open price for asia ?

btw it is my evil twin typing this as I am not supposed to up this late !!!


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  • #255,627
  • Sep 24, 2010 12:59am Sep 24, 2010 12:59am
Quoting The Captain
If she breaks north, the next stop will probably be 573x.. South she'll prob go all the way to 5600 and find resistance there.
Are you reffering this support TL? I would confirm the break of last Lower High.
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  • #255,628
  • Sep 24, 2010 12:59am Sep 24, 2010 12:59am
Quoting Magix
Amused....

I spend waaaaaaaaaaaaaaaay to much time looking at numbers.
LOL a fellow computer geek I see!

Daniel, any trendline can be broken. When trendlines are converging a price is getting tighter and tighter then there is normally a nice breakout that occurs. Many different ways to catch them, but I prefer on a pull back and retest. Check my post right before yours for the targets.
Cap
  • #255,629
  • Sep 24, 2010 1:01am Sep 24, 2010 1:01am
Quoting malcolmb14
lol mag .. you love trying to confuse em all.... lol

simple support from us session is all( well also happens to be lower value area for today also) ..what is daily roll out any way can you please explain is that your open price for asia ?


Attachment
Damn dude...

All that time chatting and catching pointers from Dig...

As many times as it has been mentioned here on the thread...

Roll Over...

When the clocks turn for your broker and they ding you dollars against your holdings.

5 PM EST.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #255,630
  • Sep 24, 2010 1:01am Sep 24, 2010 1:01am
Quoting Togu
Are you reffering this support TL? I would confirm the break of last Lower High.
Almost the same lines but look bigger.

http://www.forexfactory.com/showpost...stcount=255630
Cap
  • #255,631
  • Sep 24, 2010 1:03am Sep 24, 2010 1:03am
Quoting The Captain
LOL a fellow computer geek I see!
Aye Captain!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #255,632
  • Sep 24, 2010 1:06am Sep 24, 2010 1:06am
I need a crystal ball
  • #255,633
  • Sep 24, 2010 1:07am Sep 24, 2010 1:07am
Quoting Togu
I really don't have any bias for GBPUSD. lost 11k and now I'm hesitating to pull the triggers.
The PA is respecting the TL nicely.
Hi bro
U will recovery from that
Can i know what TF u use? what ur average SL?
  • #255,634
  • Sep 24, 2010 1:10am Sep 24, 2010 1:10am
If she makes it back up.. Try a scalp of 5695 for a bit of a run back down. Get SL to BE quick. Wait to see if sellers are coming in and don't take it if she heads up like the space shuttle either. I would'nt be touching the lower trendline anymore.
Cap
  • #255,635
  • Sep 24, 2010 1:10am Sep 24, 2010 1:10am
Quoting Magix
Damn dude...

All that time chatting and catching pointers from Dig...

As many times as it has been mentioned here on the thread...

Roll Over...

When the clocks turn for your broker and they ding you dollars against your holdings.

5 PM EST.
Kinda like how cable struggles with the same roll over price...

Until she breaks above...I scalping longs only.

Out here...and waiting for the next ride.

Probably just some amazing coincidence...LOL
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  • #255,636
  • Sep 24, 2010 1:17am Sep 24, 2010 1:17am
morning everyone-is it still destination Mars?If so is it a direct flight or will there be any detours.Enjoy your journey.You can find me in economy class
  • #255,637
  • Sep 24, 2010 1:19am Sep 24, 2010 1:19am
Quoting Magix
Damn dude...

All that time chatting and catching pointers from Dig...

As many times as it has been mentioned here on the thread...

Roll Over...

When the clocks turn for your broker and they ding you dollars against your holdings.

5 PM EST.
never really paid attention to roll over. Just supply and demand area seems to be working pretty good.

What you call rollover on eu was demand line in US.... then a little shake out to 1.3290. Also happens that days range completed at 1.3290 .

All in all pretty nice trading on eu today ,in a sell off 1.3350 if it shows up at start london for 120 pip tp.
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  • #255,638
  • Sep 24, 2010 1:20am Sep 24, 2010 1:20am
Quoting egkid
Hi bro
U will recovery from that
Can i know what TF u use? what ur average SL?
I trade momentum break outs. Lately I mean this month I'm having really bad results. I usually go with tight SL 30-40 and ride the trend with Reward ratio 1:2. I'm losing my confidence -20% of my account. It is pretty normal for me to lose 5 in a row but once getting in with nice break I usually put some $ in my pocket, but it's been like 20-30 trades of losing. Can you believe that? I really didn't do any panic trades though.
  • #255,639
  • Sep 24, 2010 1:26am Sep 24, 2010 1:26am
Quoting Magix
Kinda like how cable struggles with the same roll over price...

Until she breaks above...I scalping longs only.

Out here...and waiting for the next ride.

Probably just some amazing coincidence...LOL
gu has lower highs in 30 . with yesterdays poc as support .15660....

breaks that then we could see 5570 to 5540
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  • #255,640
  • Sep 24, 2010 1:27am Sep 24, 2010 1:27am
Gunna leave cable alone until she makes the break...

Trying a dragon from 200 ema support on the 5.
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