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Cable Update (GBPUSD)

  • #256,361
  • Edited 7:17pm Sep 27, 2010 7:07pm | Edited 7:17pm
http://www.forexrainbow.com/files/pu...i666sh3nan.jpg

Just closed short position 5822 with +12 pips
totall gain is 325 + 12 = +337 pips
closed GU and I will wait for better situation too open new trade.
A little beginner trader since 2006
  • #256,362
  • Sep 27, 2010 7:16pm Sep 27, 2010 7:16pm
gold 1274/5 ?
  • #256,363
  • Sep 27, 2010 7:22pm Sep 27, 2010 7:22pm
Well, I'm back from San Diego and can see I haven't missed much at all.

I still have a long bias.
check out my blog: forexmademillionaire dot com
  • #256,364
  • Sep 27, 2010 8:13pm Sep 27, 2010 8:13pm
I want to go too take some rest
I have too Order

Order Buy at 5845 TP 20pips
Order Sell at 5798 TP 20pips

http://www.forexrainbow.com/files/un...wkm9pklqah.jpg

Good luck every body.
A little beginner trader since 2006
  • #256,365
  • Sep 27, 2010 9:18pm Sep 27, 2010 9:18pm
Short would be the smarter bet!
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 76 KB
Cap
  • #256,366
  • Sep 27, 2010 10:27pm Sep 27, 2010 10:27pm
looking for down move 5780 .... then buy for 5990
Blogging daily now at www.volume.zone
  • #256,367
  • Sep 27, 2010 11:15pm Sep 27, 2010 11:15pm
Quoting kill56
room what u see in this shitty chart

to me no break no shake if the rsi break above the 200 then up not we are going to see some lows am i wrong or high

by the way east is the way of salvation
try ema 200 on your rsi and you will see a break BINGO!!!!!!!!!!!!!
  • #256,368
  • Sep 27, 2010 11:53pm Sep 27, 2010 11:53pm
IMHO,the UTL from Nov 2009 and Aug 2010 will,break today..looking for long at today S1@ 1.5781 and will add more if she push to 1.5730 area..1st Trgt is Aug high, area 1.5950-90..still have short in position..
Attached Image (click to enlarge)
Click to Enlarge Name: mid term.gif Size: 24 KB
  • #256,369
  • Sep 28, 2010 12:00am Sep 28, 2010 12:00am
head and shoulders on hourly
  • #256,370
  • Sep 28, 2010 12:39am Sep 28, 2010 12:39am
testing h4, close in 20 min.
  • #256,371
  • Sep 28, 2010 1:04am Sep 28, 2010 1:04am
1.5782 next possible buy level for me, multiple Fib lines here. If this breaks I'll be looking at 1.5755 for next long entry. If that breaks I'l be looking for a short entry!
The trend is not your friend, it's your master.
  • #256,372
  • Sep 28, 2010 1:09am Sep 28, 2010 1:09am
Quoting Robot
try ema 200 on your rsi and you will see a break BINGO!!!!!!!!!!!!!

its ema200 on that chart man
  • #256,373
  • Sep 28, 2010 1:12am Sep 28, 2010 1:12am
Quoting The Captain
Short would be the smarter bet!
The shameless self-quote.. Easy money folks! Look to long at 5750ish, and if that breaks she is headed to 5680ish. If I'm still awake when she gets closer I'll give you entries to the pip like the other night for those who were around.
Cap
  • #256,374
  • Sep 28, 2010 1:33am Sep 28, 2010 1:33am
Long 5790, SL 5782, 1tp5860

Quoting scurt
closed for minus 20 pips...

regard the 4H candle close I am expecting the cable will go 5770 area where I make a full long position with SL 5745, targeting 1,59, 1,6
previous chart I posted:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable.gif Size: 57 KB
Click to Enlarge Name: cable2.gif Size: 62 KB
  • #256,375
  • Sep 28, 2010 1:39am Sep 28, 2010 1:39am
too early ....

Quoting scurt
Long 5790, SL 5782, 1tp5860



previous chart I posted:
not euphoria follower
  • #256,376
  • Sep 28, 2010 1:50am Sep 28, 2010 1:50am
Does anyone agree cable may go down to 1.5640 area? or will continue bullish?
  • #256,377
  • Sep 28, 2010 1:52am Sep 28, 2010 1:52am
Quoting kill56
its ema200 on that chart man

You looks so smart Sir..,please teach me how to trade forex...
I will be the number one Manager.
  • #256,378
  • Sep 28, 2010 1:53am Sep 28, 2010 1:53am
today there is two main news... if GDP (final) will show up a really wrong numbers will be probably on bearish side...

Quoting master4forex
Does anyone agree cable may go down to 1.5640 area? or will continue bullish?
  • #256,379
  • Sep 28, 2010 1:55am Sep 28, 2010 1:55am
Quoting cloggie
Pawpaw's biggest problem is patience, or lack thereof. He is a typical retailer and only has a limited window during the day where he can sit behind the screens, that pressure drives his decision making in taking trades that a day trader doing this full time would not as he is fearful that he is going to miss out all together.

Sorry PP for singling you out here publicly.
Yep, you're right cloggs... But really did think we were breaking range yesterday but got faked!

have lately started being more impatient than usual... Pisses me off!

Will work on it, but like you say, it's hard when you only get a couple of hours per day...
@pawpaw1000 on Twitter
  • #256,380
  • Sep 28, 2010 1:56am Sep 28, 2010 1:56am
Quoting master4forex
Does anyone agree cable may go down to 1.5640 area? or will continue bullish?

Uptrend is pretty strong right now. PERSONALLY, i don't think we are going to see alot of down movement. the current high at 5867 could be taken out with ease.

THE TREND IS YOUR FRIEND, TILL THE END WHEN IT BENDS
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