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Cable Update (GBPUSD)

  • #273,761
  • Mar 8, 2011 2:29pm Mar 8, 2011 2:29pm
I dont like to see market so flat.
Closed long positions few profits in the pocket

Later is a new day
90% of traders use TA, indicators and prediction
  • #273,762
  • Mar 8, 2011 2:58pm Mar 8, 2011 2:58pm
Quoting _BBKing_
I dont like to see market so flat.
Closed long positions few profits in the pocket

Later is a new day
also because i keep thinking will test 6090 again.
perhaps im missing something
90% of traders use TA, indicators and prediction
  • #273,763
  • Mar 8, 2011 5:44pm Mar 8, 2011 5:44pm
Quoting Tsar
POINT Key (still) @ Price 1.6235
Point C in HARMONIC PATTERN
 ( use FIBONACCI Calc )
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-09_Point C_Harmonic.jpg Size: 50 KB
Always looking the GREAT, never left GOOD Point...
  • #273,764
  • Mar 8, 2011 5:55pm Mar 8, 2011 5:55pm
will be tracking long today...hopefully it breaks this candle to make a pivot candle for a long!
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd d1 long.gif Size: 21 KB
  • #273,765
  • Mar 8, 2011 11:33pm Mar 8, 2011 11:33pm
Quoting chazzle
Going long with SL around 16100
Close half for 30 , stop to B/E
  • #273,766
  • Mar 8, 2011 11:57pm Mar 8, 2011 11:57pm
im entered again long
wud like to see it closing h1 n h4 above 23% retrace 6330-6130
90% of traders use TA, indicators and prediction
  • #273,767
  • Mar 9, 2011 12:06am Mar 9, 2011 12:06am
Quoting _BBKing_
im entered again long
wud like to see it closing h1 n h4 above 23% retrace 6330-6130
here we go
rock'n roll

@chazzle: me too stops @BE

today later is crude oil inventories... here news sayin obama decided to start selling their reserves to let oil price stable.
if not today, soon we can fight against a weaker oil price n stronger dollar
whatch out
90% of traders use TA, indicators and prediction
  • #273,768
  • Mar 9, 2011 12:18am Mar 9, 2011 12:18am
Im short at 6185, major bearish pin on the 15 min

stop just above the swing high of 6193
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 15.gif Size: 27 KB
  • #273,769
  • Mar 9, 2011 12:25am Mar 9, 2011 12:25am
is it finally going to that damn 6090?
90% of traders use TA, indicators and prediction
  • #273,770
  • Mar 9, 2011 12:26am Mar 9, 2011 12:26am
why does this breakout happen when there is no news or anything special?? for this, u need to understand volume and vsa....during consolidation, the big boys keep buying the pair....as the keep buying , the price goes to top of range, then they push it down and small traders get scared and sell and the big boys buy it...they keep buying and again price goes to top of range and they again push it down to scare the small guys into selling it to them...they keep doing this till there are no more sellers and once they r happy that it is true, they start pushing the price up and start buying everything in sight...seeing this breakout, others join in...big and small and the price starts to accelerate in the direction of breakout....this is what happens...
  • #273,771
  • Mar 9, 2011 12:30am Mar 9, 2011 12:30am
Quoting _BBKing_
is it finally going to that damn 6090?
the longer she stays below the swing high the better the odds she will drop to 6090 and lower.
  • #273,772
  • Mar 9, 2011 12:35am Mar 9, 2011 12:35am
Attached Image (click to enlarge)
Click to Enlarge Name: image12.png Size: 80 KB
  • #273,773
  • Mar 9, 2011 12:41am Mar 9, 2011 12:41am
kicked me out n now going up
what da hell
90% of traders use TA, indicators and prediction
  • #273,774
  • Mar 9, 2011 12:48am Mar 9, 2011 12:48am
Quoting _BBKing_
kicked me out n now going up
what da hell
might retest the swing high and if rejected then it will be time to load up on more shorts
  • #273,775
  • Mar 9, 2011 12:55am Mar 9, 2011 12:55am
Quoting joemiami
going to retest the swing high and if rejected then it will be time to load up on more shorts
bad start,
it isn't "my" day.
i go away from pc some hours... will be clearer later
90% of traders use TA, indicators and prediction
  • #273,776
  • Mar 9, 2011 12:58am Mar 9, 2011 12:58am
Quoting sayto.profit
why does this breakout happen when there is no news or anything special?? for this, u need to understand volume and vsa....during consolidation, the big boys keep buying the pair....as the keep buying , the price goes to top of range, then they push it down and small traders get scared and sell and the big boys buy it...they keep buying and again price goes to top of range and they again push it down to scare the small guys into selling it to them...they keep doing this till there are no more sellers and once they r happy that it is true, they start...
sellers are getting less
  • #273,777
  • Mar 9, 2011 1:00am Mar 9, 2011 1:00am
Quoting sayto.profit
why does this breakout happen when there is no news or anything special?? for this, u need to understand volume and vsa....during consolidation, the big boys keep buying the pair....as the keep buying , the price goes to top of range, then they push it down and small traders get scared and sell and the big boys buy it...they keep buying and again price goes to top of range and they again push it down to scare the small guys into selling it to them...they keep doing this till there are no more sellers and once they r happy that it is true, they start...
Nice!!
What Time Frame we look at?????
Plse explain
  • #273,778
  • Mar 9, 2011 1:09am Mar 9, 2011 1:09am
added another short at 6174 bearish diverg on 5 min

protective stop at entry 6174
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 15.gif Size: 25 KB
  • #273,779
  • Mar 9, 2011 1:13am Mar 9, 2011 1:13am
but for me technical everybody can learn, so it is more like psychological thing like :

When you start off trading, you have 0% chance of success. Maybe you have some luck on your side and so your chances increases to 10-20%. That might make you win trades initially but in the long run, you would end up a loser. As you learn more and more the tricks of the trade and improve your knowledge and strategies, you slowly increase your chances of success and only when you increase it to above 50% do you start earning profits on a consistent basis.
  • #273,780
  • Mar 9, 2011 1:13am Mar 9, 2011 1:13am
solid h/s pattern..sold @ 134.05
Attached Image (click to enlarge)
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