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Cable Update (GBPUSD)

  • #282,501
  • Jun 28, 2011 7:28am Jun 28, 2011 7:28am
Quoting josef
Thanks. Today everything is going good.

I now want to sell at 5965, and looks like I will soon.
Im not seeing any short at the moment. From my fibo H1 chart ( 1.6261 - 1.5914 ) it should go till 50% retracement around 1.6050-1.6080 before going down again.

Just my 2 cent.
Trade what you see. Write what you feel
  • #282,502
  • Jun 28, 2011 7:30am Jun 28, 2011 7:30am
WoW! I made a mistake and instead of going short, I went long at 5973. It went waaaaay down, nut I was patient and when it bounced I closed it at 5978. not bad for a mistake...
  • #282,503
  • Jun 28, 2011 7:31am Jun 28, 2011 7:31am
Quoting e_piz
Long @ 5950. TP 6060. SL somewhere around 58xx. Anyone going long?
Close at 6000. 50 pip in pocket.
Trade what you see. Write what you feel
  • #282,504
  • Jun 28, 2011 7:36am Jun 28, 2011 7:36am
currently selling eur/jpy at 115.58 if anyone interested.

just my 2 cent. trade wisely. SL @ 115.9
Trade what you see. Write what you feel
  • #282,505
  • Jun 28, 2011 7:47am Jun 28, 2011 7:47am
Quoting bchbch
Hello josef how you decide the entry point. which time frame you look for conformation. will you share with us.
Sure, I trade on 30 minutes chart.

Quote
I now want to sell at 5965, and looks like I will soon.

Trade was in 10 pips profit and didn't reach my TP order ( 15 pips), and was closed with SL.
  • #282,506
  • Jun 28, 2011 7:59am Jun 28, 2011 7:59am
lucky me i bought 5925 after the bottom in 5913.
but i closed 5965.....

i lost money start of the day.
still not covered the loss because when it happens i cut my standard trading size.....

sincerely guys, i find really hard trading today
will check better my daily trades to understand what i am missing.
90% of traders use TA, indicators and prediction
  • #282,507
  • Jun 28, 2011 8:06am Jun 28, 2011 8:06am
Quoting _BBKing_
lucky me i bought 5925 after the bottom in 5913.
but i closed 5965.....

i lost money start of the day.
still not covered the loss because when it happens i cut my standard trading size.....

sincerely guys, i find really hard trading today
will check better my daily trades to understand what i am missing.
Try using higher time frames. 1H & 4 H. you can reduce price noise and see daily trend more clearly rather then chasing small candles.
Trade what you see. Write what you feel
  • #282,508
  • Jun 28, 2011 8:27am Jun 28, 2011 8:27am
h1 shows price captured between 6010 n 5910

macd double bullish divergence near 5910
also double bottom in 5910
last h1 candle broken downward trendline (not shown in chart) which capped price @6010 @5990

this means 50% confirmation of double bottom pattern.
last confirmation is breaking the neckline.

1mllion dollar question: neckline is 6010 or 6050?
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh1.gif Size: 49 KB
90% of traders use TA, indicators and prediction
  • #282,509
  • Jun 28, 2011 8:29am Jun 28, 2011 8:29am
TF is not important...

Trader from Croatia
  • #282,510
  • Jun 28, 2011 8:31am Jun 28, 2011 8:31am
6010..major line..for now..

Just watch PA around 6010..wait for momentum.
Trader from Croatia
  • #282,511
  • Jun 28, 2011 8:35am Jun 28, 2011 8:35am
reaction near 6010 in m5

there is no sense trading today.
fukk

c'mon how can i go short near 6010 with that action??????????????

Attached Image (click to enlarge)
Click to Enlarge Name: gusdm5.gif Size: 46 KB
90% of traders use TA, indicators and prediction
  • #282,512
  • Jun 28, 2011 8:37am Jun 28, 2011 8:37am
Perfect bounce from 6010 (resistance), I had my short open at 1.6000!!!

Full Throttle....
  • #282,513
  • Jun 28, 2011 8:47am Jun 28, 2011 8:47am
ok i stop.

sorry for my anger guys.

good luck.
90% of traders use TA, indicators and prediction
  • #282,514
  • Jun 28, 2011 8:47am Jun 28, 2011 8:47am
mumbabamumbe!!! mumbabamumbe!!eeiiii!!! what a day
C.O.B.R.A FX - MENACE TO MY BROKER!!
  • #282,515
  • Jun 28, 2011 8:48am Jun 28, 2011 8:48am
Quoting _BBKing_
ok i stop.

sorry for my anger guys.

good luck.
u a better trader than most of us here. i personally have learn a lot from you. than you bro.
C.O.B.R.A FX - MENACE TO MY BROKER!!
  • #282,516
  • Jun 28, 2011 8:54am Jun 28, 2011 8:54am
I wait up to 61
http://img34.imageshack.us/img34/9868/68985476.gif
Think like an investor, Act as a speculator. Ferid H.
  • #282,517
  • Jun 28, 2011 9:02am Jun 28, 2011 9:02am
Quoting CasperTrader
Closed at 1.5948 and going long again. Hopefully, it will eventually catch this direction and not go down again.
Came back down after just 0.4 pip shy of my target 1.6012. I'll close if it comes down again.
  • #282,518
  • Jun 28, 2011 9:12am Jun 28, 2011 9:12am
While i had to wait for this close, it did come. I have a long pending order 1.615 to add to my initial long at 1.5960. My view is that we would break into my pending order and close around 1.6066. I look to short from anywhere around there for 100pips plus 49pips... I also have eur/usd long for 1.4280 and my friend who has eur/jpy short, i doubt that is good. I av it long from 114.50. could retrace anytime.. but prefer takin it from any bounce..... All trades on 4hr and daily
  • #282,519
  • Jun 28, 2011 9:14am Jun 28, 2011 9:14am
Quoting CasperTrader
Came back down after just 0.4 pip shy of my target 1.6012. I'll close if it comes down again.
Finally closed at 1.6016. Oh boy, what a day. Changed position 3 times (finally 68 - 8 - 5 = 55).
  • #282,520
  • Jun 28, 2011 9:19am Jun 28, 2011 9:19am
Ok here we go for 1,6150, just like I said yesterday, EU we hit 1,43 it's now time for cable.
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