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Cable Update (GBPUSD)

  • #289,501
  • Sep 25, 2011 9:42pm Sep 25, 2011 9:42pm
fyi - still holding position - will post chart soon.......just posting my trading platform so that everyone can see my position and where it is at........

Will post chart in a bit.

Thanks,

Faller.
Attached Image (click to enlarge)
Click to Enlarge Name: Trading Platform.png Size: 90 KB
I don't trust any move - when you have profit...take it.
  • #289,502
  • Sep 25, 2011 10:19pm Sep 25, 2011 10:19pm
Posting chart with notes and trading platform update.......see how price broke out of falling wedge pattern to the upside.....everything is looking good for a nice move to the upside now......barring any shit news that can pop up!

Enjoy and please post comments if you wish.

Faller.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Pound Trade Enter 1 Update 2.jpg Size: 198 KB
Click to Enlarge Name: Trading Platform Update 1.png Size: 89 KB
I don't trust any move - when you have profit...take it.
  • #289,503
  • Sep 26, 2011 3:03am Sep 26, 2011 3:03am
price out of red pattern
but not clearly going down.

flows are in Eur and maybe in Gbp + other currency so GU not moving a lot...
below here is 5420 n 5400
above is 5480 n 5510

im bit in favour of a recover up to near 5540 n 5580 but im still out with this PA...
Attached Image (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #289,504
  • Sep 26, 2011 3:03am Sep 26, 2011 3:03am
Quoting Faller
Posting chart with notes and trading platform update.......see how price broke out of falling wedge pattern to the upside.....everything is looking good for a nice move to the upside now......barring any shit news that can pop up!

Enjoy and please post comments if you wish.

Faller.
thanks for share your experience and operativity.....
seems that you use simple indi and simple EMA or SMA.
yuor strategy is often succesfully, this show that is not necessary incredible thing to gain in forex market.
only one question ?
what platform are you using? and broker ?
do you buy in forex market or future?
  • #289,505
  • Sep 26, 2011 3:08am Sep 26, 2011 3:08am
Bought @5457, TP:5660.
Believe what you see instead of what you think!
  • #289,506
  • Sep 26, 2011 3:14am Sep 26, 2011 3:14am
G/M

horrible late asian-london session so far range 5432-71, this off the 5493 current daily hi (38.2% 5746-5372.)

Uk Boe Mpc member Broadbent speaking @ 0930am London.

G/L
Attached Image
ex member
  • #289,507
  • Sep 26, 2011 3:17am Sep 26, 2011 3:17am
anyone got that move on GBP AUD?
i missed it!
Attached Image (click to enlarge)
Click to Enlarge Name: ga.jpg Size: 109 KB
90% of traders use TA, indicators and prediction
  • #289,508
  • Sep 26, 2011 3:21am Sep 26, 2011 3:21am
i think it should be short @1.5490
  • #289,509
  • Sep 26, 2011 3:29am Sep 26, 2011 3:29am
Sold into strength......will post a chart but I have lost most of my notes as my computer crashed a few times and somehow my charts lost some data....but look back at my earlier posts....my notes are there....not a bad result for the first trade of the week.....5 hour trade for just over 500 USD profit.

Here is my chart with my exit and my trading platform to show results.

Good night everyone.....see you at New York.

Faller
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Pound Trade Exit 1.jpg Size: 181 KB
Click to Enlarge Name: Trading Platform Update 2.png Size: 118 KB
I don't trust any move - when you have profit...take it.
  • #289,510
  • Sep 26, 2011 3:31am Sep 26, 2011 3:31am
Quoting Nick35
thanks for share your experience and operativity.....
seems that you use simple indi and simple EMA or SMA.
yuor strategy is often succesfully, this show that is not necessary incredible thing to gain in forex market.
only one question ?
what platform are you using? and broker ?
do you buy in forex market or future?

Thank you for your nice comments.

The platform I use is Interactive Brokers.....that is my trading platform and broker......I use 2 other programs for my charting.

I only trade futures....

Hope that helps.

Faller.
I don't trust any move - when you have profit...take it.
  • #289,511
  • Sep 26, 2011 3:40am Sep 26, 2011 3:40am
am waiting higher level
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not euphoria follower
  • #289,512
  • Sep 26, 2011 3:41am Sep 26, 2011 3:41am
Quoting Faller
Thank you for your nice comments.

The platform I use is Interactive Brokers.....that is my trading platform and broker......I use 2 other programs for my charting.

I only trade futures....

Hope that helps.

Faller.

thanks a lot
  • #289,513
  • Sep 26, 2011 3:45am Sep 26, 2011 3:45am
....upside break of intraday 5432-71 consolidation mentioned in post above - price reaching the current daily hi set at asian open...above factors shown on 1hr screenshot below...5405-07 is 2 x fibs and weekly pivot area and 5430-35 is 3 x fibs and monthly S3.

G/L
Attached Image
ex member
  • #289,514
  • Sep 26, 2011 4:24am Sep 26, 2011 4:24am
imo price is absorbing supply near 5500 to go more up to 5512 yesterday's high during interbank then to get near 5540 n 5570 where will find top line of downtrend channel.

must be careful, can reverse down anytime.
im still out of it (...)
90% of traders use TA, indicators and prediction
  • #289,515
  • Sep 26, 2011 7:13am Sep 26, 2011 7:13am
Not the most exciting of days for cable. 1hr shows its reached the 100ema. Would look to try a short if 1hr closes below 100ema with a tight stop.
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Click to Enlarge Name: cable.jpg Size: 102 KB
  • #289,516
  • Sep 26, 2011 8:15am Sep 26, 2011 8:15am
Good morning everyone.....

Well, looks like the trade that I exited early did finally hit my 100 pip target. It is tough to stay up all night and all day - I do need my sleep. Anyway, just sitting and watching now - very nice recovery in all of the indexes and gold etc.......will see how this holds up today.

Will post charts and comments as I see trades develop.

Comments to my posts are welcome and if anyone feels that my posts warrant a vouche - I would appreciate it!

Cheers,

Faller
I don't trust any move - when you have profit...take it.
  • #289,517
  • Sep 26, 2011 8:20am Sep 26, 2011 8:20am
went for a short at 15531
  • #289,518
  • Sep 26, 2011 9:01am Sep 26, 2011 9:01am
overall bullish intraday price action so far, the pullback off last week (thursday's) 5327 Lo continued and has reached 61.8% of the 5687-5327 move at today's current hi. Above here 5582-5584 is Daily R2 and a fib and then 5591-5602 is a 3 fib cluster.

near-term 1hr screenshot shown below

G/L
Attached Image (click to enlarge)
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ex member
  • #289,519
  • Sep 26, 2011 9:18am Sep 26, 2011 9:18am
Quoting Rad168
went for a short at 15531
ok, closed @15503 +28 pips
  • #289,520
  • Sep 26, 2011 9:38am Sep 26, 2011 9:38am
Not seeing much movement in the Pound right now.....saw a setup for Crude Oil - posting chart with notes. Sorry if this is off topic from currencies, but currencies drive oil prices so it is inter-related.

This was a very quick scalp trade lasting 3 mins - for a profit of just over $400.00 USD.

There was a nice pull back within a descending triangle - saw a pin bar with nice volume so I picked up 2 contracts long and sold for a profit of $431.00 USD.

Please post comments as they are always welcome.

Faller.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Oil Trade Enter & Exit 1.jpg Size: 182 KB
Click to Enlarge Name: Trading Platform.png Size: 114 KB
I don't trust any move - when you have profit...take it.
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