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Cable Update (GBPUSD)

  • #295,441
  • Dec 22, 2011 2:48pm Dec 22, 2011 2:48pm
Quoting _BBKing_
there are no taking profits in this up-move in GU since 5500.

A. they are very well hidden!
B. there are no taking profits at all and money are protecting dips near 5660.
bull flag
this is perfect scenero..considering dailly bearish today was likely..only time gonna tell..
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  • #295,442
  • Dec 22, 2011 2:52pm Dec 22, 2011 2:52pm
Quoting nAVIN2007
bull flag
Hey Nav bro!

Still bullish on sterling

I hope you have been building up some positions from lower down.
  • #295,443
  • Dec 22, 2011 2:55pm Dec 22, 2011 2:55pm
Quoting bbakker
Hey Nav bro!

Still bullish on sterling

I hope you have been building up some positions from lower down.

always bro!!!

nah..i havent build positions..am in enough mess
so far still holding and didnt want to try no stunts like adding, might finish me off!!

hope u well bro?
  • #295,444
  • Dec 22, 2011 2:59pm Dec 22, 2011 2:59pm
Quoting _BBKing_
there are no taking profits in this up-move in GU since 5500.

A. they are very well hidden!
B. there are no taking profits at all and money are protecting dips near 5660.
The signs are there BB. Playing the classic H&S fake on the daily timeframe last week and now they are gunning for those stops above the head. The basing is uncanny. Is that a W forming on the weekly with that HL. Those double 'W's on the daily look beautiful! As Nav will tell you, higher timeframes rock!
  • #295,445
  • Dec 22, 2011 3:01pm Dec 22, 2011 3:01pm
Dont forget to look at the daily tf on the cable..........nice pinbar set up as well as a wedge on H4 setup.........and an untested RBS at 1.5550 which will be retested to ensure it holds prior to any north movements.....

This all suggest that the wedge will be a bearish wedge and 1.5550 will be retested..........im lining up my selloffs on cable as well as longs on UCad
  • #295,446
  • Dec 22, 2011 3:08pm Dec 22, 2011 3:08pm
Quoting nAVIN2007
always bro!!!

nah..i havent build positions..am in enough mess
so far still holding and didnt want to try no stunts like adding, might finish me off!!

hope u well bro?
Doing great as ever. Slowed down now in trading for this year, just one trade remaining that I opened yesterday on AUDUSD.

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It has been a great 2011, but it is going to be an even better 2012.
  • #295,447
  • Dec 22, 2011 3:13pm Dec 22, 2011 3:13pm
Quoting bbakker
Doing great as ever. Slowed down now in trading for this year, just one trade remaining that I opened yesterday on AUDUSD.

Attachment

It has been a great 2011, but it is going to be an even better 2012.

wonderfull trade
Have a great christmas + new year beginning, u reallly this put it all together, I wish greater success in the up coming year financially and personally
  • #295,448
  • Dec 22, 2011 3:14pm Dec 22, 2011 3:14pm
Quoting sreeni02
Dont forget to look at the daily tf on the cable..........nice pinbar set up as well as a wedge on H4 setup.........and an untested RBS at 1.5550 which will be retested to ensure it holds prior to any north movements.....

This all suggest that the wedge will be a bearish wedge and 1.5550 will be retested..........im lining up my selloffs on cable as well as longs on UCad
But is that pinbar consumption or rejection? You say rejection, but...
  • #295,449
  • Edited 3:32pm Dec 22, 2011 3:18pm | Edited 3:32pm
Quoting Faller
WTF? lots of us have kids....I have 2.....been trading since they were born......hmmmmmm hope all is well pirate.
Just popped in while wife in the shower. All is perfectly well thx Faller, I just find that in a forum like this, it actually takes up about 5 times the amount of time (at least) as trading does. My trading system/s are extremely easy to follow with the right tools. A forum like this gives me the opportunity (more like temptation) to look at and post far too much info and I get way too involved. I find it hard to get away from to be honest. Wife cracked it big time last night Aussie time, as she had a C Section and can't do much while I'm here chatting to you guys. My system allows me to almost just glance at the screen to see a set up particularly when trading just 1 pair. I jumped in early on this short as is my way too often ( I WILL learn one day). Still feel it will head south but maybe left hanging for a while.
Also, market times are evenings here in Australia and that is family time, not during work hours as is the case elsewhere. This is the main factor actually.
Come with me if you want to live....
  • #295,450
  • Dec 22, 2011 3:25pm Dec 22, 2011 3:25pm
Quoting nAVIN2007
wonderfull trade
Have a great christmas + new year beginning, u reallly this put it all together, I wish greater success in the up coming year financially and personally
Cheers bro and I wish the same to you and your family. Seasons greetings!

This has always been about acquiring a life skill and a process that will take a lifetime as we adapt to the ever changing markets on our continuous journey, a journey that I'm loving every minute of. The highs, the lows, the aha moments and more. Still learning and will forever more, amen!
  • #295,451
  • Dec 22, 2011 3:32pm Dec 22, 2011 3:32pm
Quoting Ill-b-back
Just popped in while wife in the shower. All is perfectly well thx Faller, I just find that in a forum like this, it actually takes up about 5 times the amount of time (at least) as trading does. My trading system/s are extremely easy to follow with the right tools. A forum like this gives me the opportunity (more like temptation) to look at and post far too much info and I get way too involved. I find it hard to get away from to be honest. Wife cracked it big time last night Aussie time, as she had a C Section and can't do much while I'm here chatting...

all the best.....take care.
I don't trust any move - when you have profit...take it.
  • #295,452
  • Dec 22, 2011 3:35pm Dec 22, 2011 3:35pm
[quote=Ill-b-back;5242594]Just popped in while wife in the shower. All is perfectly well thx Faller, I just find that in a forum like this, it actually takes up about 5 times the amount of time (at least) as trading does. My trading system/s are extremely easy to follow with the right tools. A forum like this gives me the opportunity (more like temptation) to look at and post far too much info and I get way too involved. I find it hard to get away from to be honest. Wife cracked it big time last night Aussie time, as she had a C Section and can't do much while I'm here chatting to you guys. My system allows me to almost just glance at the screen to see a set up particularly when trading just 1 pair. I jumped in early on this short as is my way too often ( I WILL learn one day). Still feel it will head south but maybe left hanging for a while.
Also, market times are evenings here in Australia and that is family time, not during work hours as is the case elsewhere. This is the main factor actually.[/QUOTE
Trading hours in Australia are evenings and this is family time, not work hours as is the case elsewhere. This is the main factor actually.
Come with me if you want to live....
  • #295,453
  • Dec 22, 2011 3:47pm Dec 22, 2011 3:47pm
Quoting bbakker
Cheers bro and I wish the same to you and your family. Seasons greetings!

This has always been about acquiring a life skill and a process that will take a lifetime as we adapt to the ever changing markets on our continuous journey, a journey that I'm loving every minute of. The highs, the lows, the aha moments and more. Still learning and will forever more, amen!
  • #295,454
  • Dec 22, 2011 7:09pm Dec 22, 2011 7:09pm
Aarrrggg, I felt a little bad leavin' me sea mates mid battle but there was quite a battle goin' on at the home front with me new young pirate comin' home from the hospital. I'll see this battle out then call it a day.
From the looks of it the tussle has been tough and some reputations have been made. One of me young sea dogs took a quick swipe and has called it a day with a 20 pip haul, but with 2 more bags to fill, I can't quit the battle yet. Me old mate 55days ema is doin' a great job holdin' his line and I see a recent friend of mine Chris 'O Grady who lives a wee 4 hrs a way comin' over the horizon to join the fight. His younger brother is on his way but will be a while yet before he gets involved. Aaarrrggg
Come with me if you want to live....
  • #295,455
  • Dec 22, 2011 10:40pm Dec 22, 2011 10:40pm
some lines
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Come with me if you want to live....
  • #295,456
  • Dec 22, 2011 10:51pm Dec 22, 2011 10:51pm
Quoting Ill-b-back
some lines

did your system draw those lines.....or are those self created......what do they represent?

thanks.
I don't trust any move - when you have profit...take it.
  • #295,457
  • Edited 11:16pm Dec 22, 2011 11:05pm | Edited 11:16pm
Morning , price still around . some one have been bitten seriously with huge money and can't loose it anyway !! trying avoid daily sell off , the hardest while 5649 broken as broken leg , there are still limits for the bull intact even not protect this 5649 as 5617 & 5556. but no, protecting 5649 , do or die craziness . who knows how long market may tolerate this crazy, whoever win I want my all balls back .

extreme of anything is bad , and any behave crazy the way doing before breakdown .
stay below 80 !!last 5 H4 candles IB with master bear !
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #295,458
  • Dec 22, 2011 11:08pm Dec 22, 2011 11:08pm
Quoting Faller
did your system draw those lines.....or are those self created......what do they represent?

thanks.
They are drawn by me. I just watch for line breaks as hints that price will reach the next relevant TL. I combine them with MACD divergences such as the bearish 1hr one we have now.
Come with me if you want to live....
  • #295,459
  • Dec 22, 2011 11:55pm Dec 22, 2011 11:55pm
baby feeding I think this is better. A subtle but extremely important difference on the green line. maybe time to bail on my shorts? But that Bearish divergence has me in 2 minds. Hmmm...
Attached Image (click to enlarge)
Click to Enlarge Name: christmas trade2.gif Size: 16 KB
Come with me if you want to live....
  • #295,460
  • Dec 23, 2011 12:11am Dec 23, 2011 12:11am
I'm out, should have my head read for trading this close to xmas. could shoot to 5880 or so or just fart arse around here for the next 2 weeks, who knows. back to mum and baby, they will be pleased.
Good luck to you all.
Come with me if you want to live....
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