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Cable Update (GBPUSD)

  • #257,381
  • Sep 30, 2010 8:36am Sep 30, 2010 8:36am
Quoting wormboy
I cleared half a few hours ago for +81 & the remaining trade position got stopped for +2.
I loaded up again at the monthly supp/res & got filled @801.
Let's see how this goes
actually, i really want to say THANKS to you.. im currently a international student in Sydney. i was stupid and put half of my tuition in the market before even try a demo, and i almost lost them all during 2 months(7000$), and i follow your call yesterday, get about 800$ back before the big drop(now 200$ remains,still holding long from 5875).
at least i learnt something last night.
Thank you, wormboy.
  • #257,382
  • Sep 30, 2010 8:37am Sep 30, 2010 8:37am
Quoting nAVIN2007
the gbp is in a channel..went to the the top of the range and completely fell to the bottom range of channel..the body is small i know it aint closed yet but it looking as the body is decreasing as it falls..

tomorrow gonna be interesting..i have no idea thou for sure but i thought id share this with yah
So I can accomodate my brother from a different mother, I have to clear a few lines on my chart

You mean this Channel mate.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 110 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #257,383
  • Sep 30, 2010 8:38am Sep 30, 2010 8:38am
filled seconf half at 810 again, so full stakes now. Stop is the same...
  • #257,384
  • Sep 30, 2010 8:41am Sep 30, 2010 8:41am
Quoting nAVIN2007
sup bru..i see u still at it!! ..hehe
great analysis as usual..
Good day to you, Nav

All well on this side. No isues.

All the best to you!

Regards
  • #257,385
  • Sep 30, 2010 8:42am Sep 30, 2010 8:42am
found new long entry at 1.5799, not really sure about it,
letīs see how it plays out
  • #257,386
  • Sep 30, 2010 8:42am Sep 30, 2010 8:42am
Quoting Bull_Bear
So I can accomodate my brother from a different mother, I have to clear a few lines on my chart

You mean this Channel mate.
  • #257,387
  • Sep 30, 2010 8:43am Sep 30, 2010 8:43am
Quoting dag777
found new long entry at 1.5799, not really sure about it,
letīs see how it plays out

All depends on the TF you are trading but 5799 is kind of in the middle of nowhere really and this could well get to 5777 first.

You need to be flexible in your view on direction but pretty stubborn at your points of entry. If you want to add to your long find a proper place for it and don't go jumping on mid stream.
  • #257,388
  • Sep 30, 2010 8:45am Sep 30, 2010 8:45am
Quoting cloggie
All depends on the TF you are trading but 5799 is kind of in the middle of nowhere really and this could well get to 5777 first.
I dont understand why anyone is going long right now. I could be completely insane but I just dont see it.
  • #257,389
  • Sep 30, 2010 8:46am Sep 30, 2010 8:46am
Quoting cloggie
All depends on the TF you are trading but 5799 is kind of in the middle of nowhere really and this could well get to 5777 first.

You need to be flexible in your view on direction but pretty stubborn at your points of entry. If you want to add to your long find a proper place for it and don't go jumping on mid stream.
Where is a proper place to go long in your opinion cloggs?
  • #257,390
  • Sep 30, 2010 8:47am Sep 30, 2010 8:47am
Quoting cloggie
All depends on the TF you are trading but 5799 is kind of in the middle of nowhere really and this could well get to 5777 first.

.

That was reached, now if it does not hold we need to see 5744 next.
  • #257,391
  • Sep 30, 2010 8:47am Sep 30, 2010 8:47am
Quoting PipChick
Where is a proper place to go long in your opinion cloggs?

I tend not to have a bias, but play each level as they come. At each level I have 2 options and trade accordingly. I have a trigger and a target. Each level warrants an if-then-if.
  • #257,392
  • Sep 30, 2010 8:48am Sep 30, 2010 8:48am
Mmmmmm. Dinner early, so soon after lunch.

Closed all positions for the first time in a week. Lovely day.
This space intentionally left blank.
  • #257,393
  • Sep 30, 2010 8:48am Sep 30, 2010 8:48am
AND

There she goes
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #257,394
  • Sep 30, 2010 8:50am Sep 30, 2010 8:50am
sell_limit was not filled

so get only TP1... that was quick +46pips

Quoting scurt
short 5821,
sell_limit at 5841

SL at 5888

TP1 5775
tp2 5725
Quoting scurt
stopped out at BE http://cdn.forexfactory.com/images/smilies/yim/sad.gif

EURGBP is going to heaven, I am the bear now, and wait for retreace to jump in short....
  • #257,395
  • Sep 30, 2010 8:50am Sep 30, 2010 8:50am
Chicago PMI 60.4 > Forecast 56 ---> Good for USD !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #257,396
  • Sep 30, 2010 8:50am Sep 30, 2010 8:50am
Quoting cloggie
All depends on the TF you are trading but 5799 is kind of in the middle of nowhere really and this could well get to 5777 first.

You need to be flexible in your view on direction but pretty stubborn at your points of entry. If you want to add to your long find a proper place for it and don't go jumping on mid stream.

yes, it was pretty bad entry, catching the falling knive
  • #257,397
  • Sep 30, 2010 8:50am Sep 30, 2010 8:50am
Next station 5717
  • #257,398
  • Sep 30, 2010 8:51am Sep 30, 2010 8:51am
http://www.forexrainbow.com/files/6e...3vbxhc11dg.jpg

I am thinking about close this pos with +70 pips now.
ANY IDEA ?
I see short trend in 5m - 10 m - 15m untill 1H
A little beginner trader since 2006
  • #257,399
  • Sep 30, 2010 8:51am Sep 30, 2010 8:51am
Quoting PipChick
This is a big bear bar on the h4 tho and with those gartleys across the board, longs scare me.. I could be totally wrong tho and that h4 box (on the chart) seems very messy. For now, I will stay clear of the G/U.
Great charts.

The price turned at the daily 886 FR almost to the pip of the daily bearish bat. If this goes on we could see the 382 FR at 15680.
  • #257,400
  • Sep 30, 2010 8:52am Sep 30, 2010 8:52am
Quoting cloggie
That was reached, now if it does not hold we need to see 5744 next.

I have a midway point of 5762. Is that a valid level?
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