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Cable Update (GBPUSD)

  • #276,241
  • Apr 13, 2011 3:52am Apr 13, 2011 3:52am
Quoting 0rPhioZ
I think that the bears are waiting for the right moment, so I won't take any LONG today. I suspect that it will go to 6200 not just because of the booster but some bears out for revenge.
im out for big revenge after what that bull did to me
  • #276,242
  • Apr 13, 2011 3:54am Apr 13, 2011 3:54am
lets see if 6250 holds
i closed half position

the left half still targetin 6200
90% of traders use TA, indicators and prediction
  • #276,243
  • Apr 13, 2011 3:54am Apr 13, 2011 3:54am
you guys enjoy your trading, i just stop by to have a little fun, good luck to all
  • #276,244
  • Apr 13, 2011 3:56am Apr 13, 2011 3:56am
Quoting manize
Good call for short, 20 pips sofar !
Good day to you,

My apology for the late reply - had some stuff to go and do.

Yip, I got beaten twice today. Got my entry @ 1.6290 as planned, but moved SL in to +3 and left. Got stopped out. Was waiting to enter again, but had to leave my office and missed the opportunity.....

So, all I got from this is +3.

Below my initial entry this morning.

All the best to you.

Regards
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  • #276,245
  • Apr 13, 2011 3:58am Apr 13, 2011 3:58am
Quoting PoundTrader
i know wormboy is a good trader i was just having a little fun with him, BTW im on the phone with crisis hotline right now, il let you know how it goes
Thanks for that. The prancing of mkt is maddening-- and frankly this addictive thread - I keep reading and neglect to trade - has robbed me of a lot of pips while its learned Posters beguile me with their attractively packaged arguements, that are just that.....what matters is which way she is going - I mean, "she went this way and she went that way but what I want is she come my way" - Logic.
  • #276,246
  • Apr 13, 2011 3:58am Apr 13, 2011 3:58am
Quoting _BBKing_
good morning,
today i woke up thinkin an important thing:

yesterday i missed to thank you!!

reason: i was long on targetin above 6320, and near to forget to close half position near the resist.
i remembered to close half position when i saw your post you were going short 6324...

thanks a lot!

my big mistake: i did not open short
Thanks! Just luck...

All the best
  • #276,247
  • Apr 13, 2011 3:58am Apr 13, 2011 3:58am
Quoting PoundTrader
im out for big revenge after what that bull did to me
The bears are still not convincing. suppose that they manage to have their revenge, I'll observe some opportunities, not interesting in scalping LONG for now.
  • #276,248
  • Apr 13, 2011 3:59am Apr 13, 2011 3:59am
I still think we will go up from here maybe i'll have gg on my face just boughtat 16258 sl 30
  • #276,249
  • Apr 13, 2011 4:01am Apr 13, 2011 4:01am
Quoting vilas
Thanks for that. The prancing of mkt is maddening-- and frankly this addictive thread - I keep reading and neglect to trade - has robbed me of a lot of pips while its learned Posters beguile me with their attractively packaged arguements, that are just that.....what matters is which way she is going - I mean, "she went this way and she went that way but what I want is she come my way" - Logic.
what, you miss pips because you are addictive to this forum, you letting a forum stop you from making money
  • #276,250
  • Apr 13, 2011 4:03am Apr 13, 2011 4:03am
Quoting 0rPhioZ
The bears are still not convincing. suppose that they manage to have their revenge, I'll observe some opportunities, not interesting in scalping LONG for now.
nether bears or bull are convincing, this is why i get my signals ahead of time and don't have to worry when market goes sideways
  • #276,251
  • Apr 13, 2011 4:03am Apr 13, 2011 4:03am
the dollar gets a spine we will see 1.6000 because the pound is weak,just my 0,5 cents
  • #276,252
  • Apr 13, 2011 4:05am Apr 13, 2011 4:05am
Quoting Schoey
I still think we will go up from here maybe i'll have gg on my face just boughtat 16258 sl 30
Sorry forgot the chart again
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  • #276,253
  • Apr 13, 2011 4:05am Apr 13, 2011 4:05am
Quoting Schoey
I still think we will go up from here maybe i'll have gg on my face just boughtat 16258 sl 30

after these data i think is better wait 6200 near to buy or else waitin buy above 6300 once breakes 6320.....
only my idea then who can know?!
90% of traders use TA, indicators and prediction
  • #276,254
  • Apr 13, 2011 4:06am Apr 13, 2011 4:06am
Quoting pepper
the dollar gets a spine we will see 1.6000 because the pound is weak,just my 0,5 cents
it's gonna get a spine.
  • #276,255
  • Apr 13, 2011 4:07am Apr 13, 2011 4:07am
I think maybe a nice impulsive move down on a break of 1.62264

pipfarm
Follow The Markets Structure - Patience and Discipline
  • #276,256
  • Apr 13, 2011 4:07am Apr 13, 2011 4:07am
Quoting PoundTrader
nether bears or bull are convincing, this is why i get my signals ahead of time and don't have to worry when market goes sideways
Suppose that this time really turns sideway, I will close my position and then go out. This trading activity isn't good for health if I do it everyday.
  • #276,257
  • Apr 13, 2011 4:07am Apr 13, 2011 4:07am
see chart what i mean

white dotted line once breakes up will be a support
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90% of traders use TA, indicators and prediction
  • #276,258
  • Apr 13, 2011 4:08am Apr 13, 2011 4:08am
Quoting Reece2076
You should keep posting. I appreciate you analysis. I also would like more information on how you determine your entry points. Maybe you can start by explaining these.

"If you are inclined to trade long - 1.6226 to 1.6220 would be a good entry. If you are inclined to trade short - 1.6280 to 1.6290 would be a good entry."

Also a short trade you posted yesterday turned out to be quite accurate. I don't like to take signals blindly, but if you could explain exactly how you determine your entries and it coincides with my own entries, it would...
Good day to you,

My apology for the late reply - was not on purpose.

I use a couple of tools. Composite Fractal Behaviour and Singular Spectrum analysis are the two main ingredients. I also apply levels ( daily open, weekly open, highs, lows and 50% lines (pivots).

I like to use 4hr information on a 15min chart.

I look for likely turning points or extremes confluencing with these levels and trade these - only taking high probability trades (in my opinion)that will yield a quick 10 or 20.

Unfortunately, I am not in a position to share the actual indicators. So - in that sense, I can not add any value to your system. I do hope you understand.

Warm regards
  • #276,259
  • Apr 13, 2011 4:08am Apr 13, 2011 4:08am
it's not good being a bottom picker and a roof jumper,
  • #276,260
  • Apr 13, 2011 4:10am Apr 13, 2011 4:10am
Shorting this @ 6264, sl 6304, above the h4 pinbar. Looks like day will be definitely bearish if we can dispose of 6250.
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