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Cable Update (GBPUSD)

  • #289,381
  • Sep 22, 2011 1:58pm Sep 22, 2011 1:58pm
Quoting USD-Bear
looking at this, needs break under 78.87 though to get above 1.5410

Attachment
5420 can happen in my chart
also 5300

lets see
90% of traders use TA, indicators and prediction
  • #289,382
  • Sep 22, 2011 1:59pm Sep 22, 2011 1:59pm
Quoting USD-Bear
looking at this, needs break under 78.87 though to get above 1.5410

Attachment
mmm, no go closed @ 1.5365
Don't be a hero. Don't have an ego. Always question yourself
  • #289,383
  • Sep 22, 2011 2:02pm Sep 22, 2011 2:02pm
Quoting Faller
Anyone else see a rally into the close on equities?

Off topic from the thread.....but I am going to nibble on the nasdaq a few contracts long at 2160.00
I don't trust any move - when you have profit...take it.
  • #289,384
  • Sep 22, 2011 2:11pm Sep 22, 2011 2:11pm
I would not see a problem shorting to 1.3 if this was a 15 minute chart... I've never been one to blow my own trumpet but I told you so... http://www.forexfactory.com/showthre...69#post4678469

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd110922m1.gif Size: 43 KB


Classic drop out of the rising wedge. Looking for a target of 1.45. In 1983 it went to 1.07. Watch out USA. You might be able to afford our rubbish exports.
Gone to a better place
  • #289,385
  • Edited 3:35pm Sep 22, 2011 2:43pm | Edited 3:35pm
Quoting Faller
Off topic from the thread.....but I am going to nibble on the nasdaq a few contracts long at 2160.00


Nice rally into the close.........Closing position 2170 plus 10 on 3 contracts or 600usd. Have a good night everyone.......cheers.

Faller.

Also going to hold 3 contracts of the pound 6bz1 overnight looking for a 100 pip retrace. Opened position at 1.5324 (futures pricing). Safe trading. 1.5324 futures price is the same as 1.5334

Faller.
I don't trust any move - when you have profit...take it.
  • #289,386
  • Sep 22, 2011 2:51pm Sep 22, 2011 2:51pm
Ok guys . Lets move this to 1.605 - 1.61 level now and then short the hell out of it.
  • #289,387
  • Sep 22, 2011 3:14pm Sep 22, 2011 3:14pm
nice 4hr candle
  • #289,388
  • Sep 22, 2011 3:26pm Sep 22, 2011 3:26pm
Here is a chart of my previously mentioned position that I took. I entered at 1.5324 on the futures with 3 contracts. I am posting a chart with notes as to why I entered this position. I will follow this up throughout the night as price action warrants. Currently plus 20 pips.....going to let this one run....looking for at least a 100 pip retace and depending on price action this may be a long term hold up to 1.57 - 1.60 area. Please post comments or questions.

I don't do this often but I am also posting my trading platform - Interactive Brokers.....and no it is not a demo account. This is my live account. Ask anyone here that uses Interactive Brokers and they will tell you the difference between demo and live - there is a red bar across the top that says demo.....I am too lazy to paint brush that out.

So have a good night everyone......I appreciate all the wisdom in this forum I hope I am contributing as much as I get out of this forum.

Faller.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Late Session Trade.jpg Size: 197 KB
Click to Enlarge Name: trading platform.png Size: 119 KB
I don't trust any move - when you have profit...take it.
  • #289,389
  • Sep 22, 2011 5:58pm Sep 22, 2011 5:58pm
Quoting smikester
I would not see a problem shorting to 1.3 if this was a 15 minute chart... I've never been one to blow my own trumpet but I told you so... http://www.forexfactory.com/showthre...69#post4678469

Attachment

Classic drop out of the rising wedge. Looking for a target of 1.45. In 1983 it went to 1.07. Watch out USA. You might be able to afford our rubbish exports.
  • #289,390
  • Edited Sep 23, 2011 10:07am Sep 22, 2011 6:51pm | Edited Sep 23, 2011 10:07am
update from earlier post.....watching price move up. notes on chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 7.50pm asian.jpg Size: 191 KB
I don't trust any move - when you have profit...take it.
  • #289,391
  • Sep 22, 2011 7:06pm Sep 22, 2011 7:06pm
  •  XDorkX
  • | Joined Sep 2011 | Status: I'm Polish & better looking than U | 183 Posts
There doesn't seem to be any volume to prompt me to think it's anything other than profit taking. A lot of rumors circling around though.
  • #289,392
  • Sep 22, 2011 7:58pm Sep 22, 2011 7:58pm
100 pips completed....but still holding......chart posted with notes.
Attached Image (click to enlarge)
Click to Enlarge Name: 100 pips.jpg Size: 216 KB
I don't trust any move - when you have profit...take it.
  • #289,393
  • Sep 22, 2011 10:25pm Sep 22, 2011 10:25pm
Quoting XDorkX
There doesn't seem to be any volume to prompt me to think it's anything other than profit taking. A lot of rumors circling around though.
What are you using for volume?

More buyers and less sellers still moves the market.

Same like in stocks, thin ask side can move price up pretty fecking quick...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #289,394
  • Sep 22, 2011 10:25pm Sep 22, 2011 10:25pm
Good night.....going to bed now.....still holding position - will sleep with laptop beside me with alerts set for price movements.

see everyone later.

peace

Faller
I don't trust any move - when you have profit...take it.
  • #289,395
  • Sep 22, 2011 10:25pm Sep 22, 2011 10:25pm
Quoting Faller
100 pips completed....but still holding......chart posted with notes.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #289,396
  • Sep 22, 2011 10:26pm Sep 22, 2011 10:26pm
hey magix....nice to see you stopped by.....hope you r doing well.
I don't trust any move - when you have profit...take it.
  • #289,397
  • Sep 22, 2011 10:27pm Sep 22, 2011 10:27pm
Quoting Faller
hey magix....nice to see you stopped by.....hope you r doing well.
All good in the hood brother...

Still subbed to this thread, so when I see ya got a post, I figure it's a pretty good time to visit.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #289,398
  • Sep 22, 2011 10:30pm Sep 22, 2011 10:30pm
Quoting Magix
All good in the hood brother...

Still subbed to this thread, so when I see ya got a post, I figure it's a pretty good time to visit.


taking you advice and posting my charts with my comments on them....got another vouche out of it and another member sending a message saying they love they way I trade.........anyway......just trying to pass my knowledge on - but I am going to hit the hay now.

Cheers......nice to see you.

Peace out.

Faller
I don't trust any move - when you have profit...take it.
  • #289,399
  • Sep 22, 2011 11:16pm Sep 22, 2011 11:16pm
Quoting Magix
All good in the hood brother...

Still subbed to this thread, so when I see ya got a post, I figure it's a pretty good time to visit.

Ah the master .. welcome back
Been a long time, hope you are fine.


Trying long, seems that there is demand now
Attached Image (click to enlarge)
Click to Enlarge Name: gu-buy-0923.gif Size: 13 KB
  • #289,400
  • Sep 22, 2011 11:22pm Sep 22, 2011 11:22pm
Quoting gsantri
Ah the master .. welcome back
Been a long time, hope you are fine.


Trying long, seems that there is demand now
Always good GS...

It has been a while. Looks to me like you been studying with the masters on Supply and Demand levels...very nice!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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