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Cable Update (GBPUSD)

  • #300,921
  • Edited 8:06pm Feb 19, 2012 8:06pm | Edited 8:06pm
Gold & Silver starting to give it up......crude looking like it wants to come back down (but crude is tricky because of Iran etc....) -

Time will tell - also yen has been acting funny tonight.....is it back to yen safe haven?
I don't trust any move - when you have profit...take it.
  • #300,922
  • Feb 19, 2012 8:07pm Feb 19, 2012 8:07pm
Ha, ha, I seriously think I will keep these types of trades to myself in the future Just me trying to trust every set up I am given to improve faith in my own system
Come with me if you want to live....
  • #300,923
  • Feb 19, 2012 8:10pm Feb 19, 2012 8:10pm
Quoting Ill-b-back
Ha, ha, I seriously think I will keep these types of trades to myself in the future Just me trying to trust every set up I am given to improve faith in my own system

STICK TO YOUR PLAN!

I am!

don't let anyone else get you off track - I was just pointing out what I see.....take it for what it is worth....I would have posted my chart regardless of you posting your trade entry.

All good Bro!
I don't trust any move - when you have profit...take it.
  • #300,924
  • Feb 19, 2012 8:15pm Feb 19, 2012 8:15pm
From another forum....

http://online.wsj.com/article/SB1000...LEFTTopStories

"BRUSSELS—The International Monetary Fund is likely to offer minimal funds for a second Greek aid package that is expected to be approved by euro-zone finance ministers on Monday, leaving the bloc's governments to provide a much bigger share of the loans than they did in the euro zone's three earlier bailouts..."
__________________
I don't trust any move - when you have profit...take it.
  • #300,925
  • Feb 19, 2012 8:16pm Feb 19, 2012 8:16pm
From another forum...

Quote:
Originally Posted by Tobinguyen http://www.forexfactory.com/images/buttons/viewpost.gif
Good news for Greece ?


Not necessary, we will see. Its a heads up for those who don't know why there is a gap. Looks like this, among other things like China's cut, led to the rally over the weekend.

Keep a close look on the news tomorrow. it says 'expected', but who knows. If the thing is cancelled or delayed again, short the whole gap off.
I don't trust any move - when you have profit...take it.
  • #300,926
  • Feb 19, 2012 8:25pm Feb 19, 2012 8:25pm
Quoting Faller
STICK TO YOUR PLAN!

I am!

don't let anyone else get you off track - I was just pointing out what I see.....take it for what it is worth....I would have posted my chart regardless of you posting your trade entry.

All good Bro!
Yeah I know bro, all good, not seriously affected, just enjoying the banter
Come with me if you want to live....
  • #300,927
  • Feb 19, 2012 8:30pm Feb 19, 2012 8:30pm
something is cooking......ES and Dow futures hitting daily lows.....selling come in here.....like I said earlier - I saw gold starting to give it up.....this is shitty after hours trading though - and it is a USA holiday tomorrow - I think they will drive the prices back down to close the gap so that the USA participants can get back in for the ride up!!!

IMO....

Faller.
I don't trust any move - when you have profit...take it.
  • #300,928
  • Feb 19, 2012 8:38pm Feb 19, 2012 8:38pm
USDX (Dollar Index) looking like it wants to turn up - seeing some signs of divergence....
I don't trust any move - when you have profit...take it.
  • #300,929
  • Feb 19, 2012 8:40pm Feb 19, 2012 8:40pm
I apologize for the running commentary.......I know everyone can see what I see......just bored as F($K here...
I don't trust any move - when you have profit...take it.
  • #300,930
  • Feb 19, 2012 8:43pm Feb 19, 2012 8:43pm
Quoting Ill-b-back
Hio Mano, I understand your concern and I usually swing trade myself, but I trade trendlines and am now following my system to the letter to improve my discipline so I worded my post to simply reflect what I am doing. Price has pierced my last TL before a some what double top comes into play as my image will show. Again, I understand your concern and I have not traded like this much in the past but am putting my system into full swing to try and maximise pips. We have a bullish candle at resistance with virtually no bearish reaction. This hints...
Are you serious ? Fighting with the Resistance
Why NOT waiting for Breakout first for Long ?

Be Patient... you're Trader Not Gambler, Bro
Always looking the GREAT, never left GOOD Point...
  • #300,931
  • Feb 19, 2012 8:45pm Feb 19, 2012 8:45pm
Quoting Ill-b-back
I am long 58795, TP 5920
hello sir,,,,sorry to interupted you...i just want to know did you add stoploss?
  • #300,932
  • Feb 19, 2012 8:47pm Feb 19, 2012 8:47pm
Quoting Mpt
You might want to be a little cautious at 159.2

Attachment
Hi Mpt,

Would you like give Time Frime (TF) your Chart, please...


Best Regards,
Tsar
Always looking the GREAT, never left GOOD Point...
  • #300,933
  • Feb 19, 2012 8:53pm Feb 19, 2012 8:53pm
London Boyz may push the prices back down a bit more so THEY can get a better price, doubt they care about the us here in the US.

add: looking for 1.6 (in coming sessions) depending on news.

add: 2 best out the gate tonight AUSSIE and KiwI
Quoting Faller
something is cooking......ES and Dow futures hitting daily lows.....selling come in here.....like I said earlier - I saw gold starting to give it up.....this is shitty after hours trading though - and it is a USA holiday tomorrow - I think they will drive the prices back down to close the gap so that the USA participants can get back in for the ride up!!!

IMO....

Faller.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #300,934
  • Feb 19, 2012 8:54pm Feb 19, 2012 8:54pm
Quoting buleud
hello sir,,,,sorry to interupted you...i just want to know did you add stoploss?
If I do like this... Min SL is @1.5777

Triple 7 is LUCKY Number but My Lucky Number is 8
Always looking the GREAT, never left GOOD Point...
  • #300,935
  • Feb 19, 2012 9:05pm Feb 19, 2012 9:05pm
Quoting ibpo
Monday trading area focused ( remember US bank holiday )

http://i.imgur.com/pgby8.png
now staying around upper yellow area

http://i.imgur.com/Eocv0.png
-----------------
  • #300,936
  • Feb 19, 2012 9:24pm Feb 19, 2012 9:24pm
Is this is what is happening is with GBP. This is the wave count that makes sense with GBP.

The down move ABC will be completed if price reaches 1.5570 area.

The .50% retracement of the daily upmove also sits at 1.5580.
More likely price should bounce from these levels...

This is a 300 Pip move down to the south.....

Is this possible, when everyone is so bullish, may be some bad news out of greek story....
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-60-M-2-20-12.JPG Size: 52 KB
PPP - Patience Pays PIPS
  • #300,937
  • Feb 19, 2012 9:27pm Feb 19, 2012 9:27pm
Quoting Tsar
Are you serious ? Fighting with the Resistance
Why NOT waiting for Breakout first for Long ?

Be Patient... you're Trader Not Gambler, Bro
According to my TL, it has broken out bro
Come with me if you want to live....
  • #300,938
  • Feb 19, 2012 9:31pm Feb 19, 2012 9:31pm
Quoting buleud
hello sir,,,,sorry to interupted you...i just want to know did you add stoploss?
No Sl at this point. I expect a bit of bearish Frankie action but not too much. Maybe around 5785. R/R ratio sucks big time but like I said, I am trying to trade every signal my system gives so i can develop more faith in it.
Come with me if you want to live....
  • #300,939
  • Feb 19, 2012 9:35pm Feb 19, 2012 9:35pm
Quoting Tsar
Hi Mpt,

Would you like give Time Frime (TF) your Chart, please...


Best Regards,
Tsar

No problems. It's a daily chart. I'm expecting the next wave in the triangle to complete back at 1.52
  • #300,940
  • Feb 19, 2012 9:43pm Feb 19, 2012 9:43pm
Quoting Ill-b-back
No Sl at this point. I expect a bit of bearish Frankie action but not too much. Maybe around 5785. R/R ratio sucks big time but like I said, I am trying to trade every signal my system gives so i can develop more faith in it.


wtf'?????? 5785????? that is over 100 pips from your entry? and your target was only for 40 pips????
I don't trust any move - when you have profit...take it.
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