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Cable Update (GBPUSD)

  • #255,721
  • Sep 24, 2010 4:13am Sep 24, 2010 4:13am
Quoting scurt
I am bullish for cable. target 1.5750, 1.5820, 1,6

1H candle closes above DP
10,20 MA`s supporting the price
created Hhigh, Llow
100 EMA support holds
respect upward TL
thx, in 3 longs
  • #255,722
  • Sep 24, 2010 4:26am Sep 24, 2010 4:26am
Quoting nunrgguy
This is horses for courses and I don't trade 5 min but, announcements aside and purely off the chart I don't see that as a hi probability entry, it has a long way to fall for indeterminate reward. What size stop are we talking on that? This is the way I see it:
It is horses for courses as you say, For me it was high in probability of a successful outcome, the entry for me was on close of the post 0900 data reaction, 0900 5min candle @ 0905am (uk times) this was a bullish master bull thrust engulf and closed above the recent HL's...a strong reaction to the data...3358.8ask was the price of entry therefore...the way I play these master thrust engulfs is to put a stop just under 50% of the candle and if it moves in my vavour then work out the r:r from the actual drawdown experienced and move stop up approprietly. Of course it is safer to put a stop under the whole candle...but in most cases under the 50%% suffices....anyways that's just the way I do it...I was flat again by the time it started to pullback the first time.

G/L
ex member
  • #255,723
  • Sep 24, 2010 4:37am Sep 24, 2010 4:37am
out 50 pips, although its still panic trading here, verdomme
  • #255,724
  • Sep 24, 2010 4:40am Sep 24, 2010 4:40am
Took partial profit on 5710, SL is now BE

EDIT: also we created new Hhigh and break to 4H candle high5703... hopefully the news will support upmove on cable

Quoting scurt
I am bullish for cable. target 1.5750, 1.5820, 1,6

1H candle closes above DP
10,20 MA`s supporting the price
created Hhigh, Llow
100 EMA support holds
respect upward TL
Quoting scurt
added long at 5670, sl5640 tp5750
Quoting scurt
Long 5644, SL 5578, TP5750

reasons:
touch on 100 EMA
38,8 fibo of yesterdays move
yesterday daily candle creates LLow and HHigh
will add more if 50%fibo (5621) is reached, which will be double bottom
and will add more if 1h candle closes above 5684


happy tradin to all
  • #255,725
  • Sep 24, 2010 4:47am Sep 24, 2010 4:47am
Sorry guys missed this one, got covered up by the bearish butterfly earlier.
Attached Image
  • #255,726
  • Sep 24, 2010 4:56am Sep 24, 2010 4:56am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting trending
Sorry guys missed this one, got covered up by the bearish butterfly earlier.

Good day to you,

i already told this 3 hours before

http://www.forexfactory.com/showpost...stcount=255693

Good luck
  • #255,727
  • Sep 24, 2010 5:03am Sep 24, 2010 5:03am
We have the 'dead cat' for animals, hanging man for men, but what about women? Why aren't they in the picture?

Well...

Not any more.

I had set a trap for her and she got caught. thinking of throwing her out at 575
Attached Image (click to enlarge)
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  • #255,728
  • Sep 24, 2010 5:30am Sep 24, 2010 5:30am
We need an hourly close above 5727 on GU and a break below 79.77 on the DX for 5930 to come into play on GU. Otherwise its probably buy the dips until/unless we get an hourly close below the blue TL. If that happens, I will be thinking of selling.
Attached Image (click to enlarge)
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  • #255,729
  • Sep 24, 2010 5:31am Sep 24, 2010 5:31am
Quoting dil
dont post that much
hi dil, how r u today??my position was just 3 pips from my tp 5726 the price was 5723 then going down wkwkwkwk... so what r u in now?long or short dil?
yesterday was good, today is the best, tomorrow is amazing.....
  • #255,730
  • Sep 24, 2010 5:33am Sep 24, 2010 5:33am
Quoting danielabas
hi dil, how r u today??my position was just 3 pips from my tp 5726 the price was 5723 then going down wkwkwkwk... so what r u in now?long or short dil?
hi usd/cad long i had 80+ pips on both and missed my tp by 10 points lol
  • #255,731
  • Sep 24, 2010 5:40am Sep 24, 2010 5:40am
Quoting dil
hi usd/cad long i had 80+ pips on both and missed my tp by 10 points lol
very nice dil, i've got -20 today hahahaaaa.....
yesterday was good, today is the best, tomorrow is amazing.....
  • #255,732
  • Sep 24, 2010 5:42am Sep 24, 2010 5:42am
Quoting danielabas
very nice dil, i've got -20 today hahahaaaa.....
you shorting?
  • #255,733
  • Sep 24, 2010 5:48am Sep 24, 2010 5:48am
Quoting dil
you shorting?
no, long dil, but my sl was touched, and still long again after that dil.... 5686, tp 5726 and, 5689 tp 5749.i didn't know my 5749 is going to be touched or not because it's above the resistant, but according to this chart below perhaps it will be reached....
Attached Image (click to enlarge)
Click to Enlarge Name: 24 sept 2010.gif Size: 20 KB
yesterday was good, today is the best, tomorrow is amazing.....
  • #255,734
  • Sep 24, 2010 5:58am Sep 24, 2010 5:58am
Quoting danielabas
no, long dil, but my sl was touched, and still long again after that dil.... 5686, tp 5726 and, 5689 tp 5749.i didn't know my 5749 is going to be touched or not because it's above the resistant, but according to this chart below perhaps it will be reached....
Attachment
oh good , if i would have free lots i would long because my charts showing little up move
  • #255,735
  • Sep 24, 2010 6:02am Sep 24, 2010 6:02am
Quoting PipChick
We need an hourly close above 5727 on GU and a break below 79.77 on the DX for 5930 to come into play on GU. Otherwise its probably buy the dips until/unless we get an hourly close below the blue TL. If that happens, I will be thinking of selling.
As ever, great analaysis. Completely opposite target of what I need but that does not detract from what you post.

One question though, point 3 I do not understand. By the time a 78% is done the blue line appears to be long gone. Please explain.
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  • #255,736
  • Sep 24, 2010 6:08am Sep 24, 2010 6:08am
Quoting dil
oh good , if i would have free lots i would long because my charts showing little up move
to which price level dil?i'll extend my second tp dil wkwkwkwk.first tp is done.
yesterday was good, today is the best, tomorrow is amazing.....
  • #255,737
  • Sep 24, 2010 6:10am Sep 24, 2010 6:10am
bull is not over yet.

still holding 5 floating LONG with total 900++ pips.

happy trading and have a weekend to you all.

rgds,iqyu
not euphoria follower
  • #255,738
  • Sep 24, 2010 6:10am Sep 24, 2010 6:10am
Quoting Uphios
As ever, great analaysis. Completely opposite target of what I need but that does not detract from what you post.

One question though, point 3 I do not understand. By the time a 78% is done the blue line appears to be long gone. Please explain.
Sorry, this is the chart I have been working from for a few days. As time marches on, charts change a bit.IE the blue TL moves up the chart therefore the 78.6 buy becomes invalid although, I wouldnt remove it from the chart just yet because if the price closes below the blue TL and I take a short, I will be watching the 78.6 for support.
  • #255,739
  • Sep 24, 2010 6:16am Sep 24, 2010 6:16am
Quoting PipChick
Sorry, this is the chart I have been working from for a few days. As time marches on, charts change a bit.IE the blue TL moves up the chart therefore the 78.6 buy becomes invalid although, I wouldnt remove it from the chart just yet because if the price closes below the blue TL and I take a short, I will be watching the 78.6 for support.
Terrific. That's what I figured but just wanted your confirmation.

Now if you can just produce a chart that MAKES it go down to 1.5530 area, that would be great
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  • #255,740
  • Sep 24, 2010 6:21am Sep 24, 2010 6:21am
Quoting Uphios
Terrific. That's what I figured but just wanted your confirmation.

Now if you can just produce a chart that MAKES it go down to 1.5530 area, that would be great
Ohhhhhhhh why do you want it to go to 5530?
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