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Cable Update (GBPUSD)

  • #301,381
  • Feb 24, 2012 12:22pm Feb 24, 2012 12:22pm
Quoting Donny_aw
Have we reached the peak...? Or just a preliminary to get to 1.61?

I think many has lost their equity here

Donny
1.61

My view is here
  • #301,382
  • Feb 24, 2012 1:39pm Feb 24, 2012 1:39pm
Takng a short here on Cable.....look at the blue circle on the chart...this is a 2 hour chart.....nice rejection bar....stoch over sold...macd at an extreme....market selling off...dx moving up off the lows.....just a few reasons to take a short.....

edit...forgot to post....took short at 1.5370 will be a manual stop...will watch price action......not sure if I will hold over the weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: Cable Resistance.jpg Size: 176 KB
I don't trust any move - when you have profit...take it.
  • #301,383
  • Feb 24, 2012 1:55pm Feb 24, 2012 1:55pm
Quoting Faller
Takng a short here on Cable.....look at the blue circle on the chart...this is a 2 hour chart.....nice rejection bar....stoch over sold...macd at an extreme....market selling off...dx moving up off the lows.....just a few reasons to take a short.....

edit...forgot to post....took short at 1.5370 will be a manual stop...will watch price action......not sure if I will hold over the weekend.
I really hope you meant 5870 bro. I'm sure you did
Come with me if you want to live....
  • #301,384
  • Feb 24, 2012 1:59pm Feb 24, 2012 1:59pm
Quoting Tsar
Because WIN...
You start Learn disipline, Bro
Thx bro, you are very cool Funny though, price reached the price my system indicated to me 5880. Oh well, best week in forex ever, over 1200 pips
Come with me if you want to live....
  • #301,385
  • Feb 24, 2012 2:04pm Feb 24, 2012 2:04pm
Quoting Faller
Takng a short here on Cable.....look at the blue circle on the chart...this is a 2 hour chart.....nice rejection bar....stoch over sold...macd at an extreme....market selling off...dx moving up off the lows.....just a few reasons to take a short.....

edit...forgot to post....took short at 1.5370 will be a manual stop...will watch price action......not sure if I will hold over the weekend.

closed 15 pip loss.
I don't trust any move - when you have profit...take it.
  • #301,386
  • Feb 24, 2012 2:06pm Feb 24, 2012 2:06pm
Quoting Ill-b-back
I really hope you meant 5870 bro. I'm sure you did

ya...typo
I don't trust any move - when you have profit...take it.
  • #301,387
  • Feb 24, 2012 2:07pm Feb 24, 2012 2:07pm
Quoting Faller
Takng a short here on Cable.....look at the blue circle on the chart...this is a 2 hour chart.....nice rejection bar....stoch over sold...macd at an extreme....market selling off...dx moving up off the lows.....just a few reasons to take a short.....

edit...forgot to post....took short at 1.5370 will be a manual stop...will watch price action......not sure if I will hold over the weekend.
Hey Faller, you have helped me many times, (or tried to) but I just looked at charts and it is pushing through bro. It seems it wants to make a double top at 5927 (at least). Are you still holding the short?
Come with me if you want to live....
  • #301,388
  • Feb 24, 2012 2:08pm Feb 24, 2012 2:08pm
Quoting Faller
closed 15 pip loss.
Ah ha...
Come with me if you want to live....
  • #301,389
  • Feb 24, 2012 2:10pm Feb 24, 2012 2:10pm
gotta love the long term charts..cutting out all the bs..hope u all good..just back from work..nice to see pound moving steadily
  • #301,390
  • Feb 24, 2012 2:11pm Feb 24, 2012 2:11pm
I've actually put on a very small buy to test my original longer term projection. If it gaps down 100 pips, I lose $10
Come with me if you want to live....
  • #301,391
  • Feb 24, 2012 2:13pm Feb 24, 2012 2:13pm
Quoting nAVIN2007
gotta love the long term charts..cutting out all the bs..hope u all good..just back from work..nice to see pound moving steadily
Do you still see the 50 retrace happening bro? Hope all is well. Many of the long term regulars here seem to have moved on?
Come with me if you want to live....
  • #301,392
  • Feb 24, 2012 2:34pm Feb 24, 2012 2:34pm
Quoting Ill-b-back
Do you still see the 50 retrace happening bro? Hope all is well. Many of the long term regulars here seem to have moved on?

well its hard to say to be frank..monthly end is approaching theres no time to retrace a retrace would change the picture to down so i aint in favour of it..i thought today chance of a bullish move was there but was a long shot..i agree with brian..1.60 next stop..

I havent moved on..im still in trade unfortunately not posting, im working like a bitch in a pharmacy...lol
  • #301,393
  • Feb 24, 2012 2:48pm Feb 24, 2012 2:48pm
Quoting nAVIN2007
I havent moved on..im still in trade unfortunately not posting, im working like a bitch in a pharmacy...lol
does it mean u are selling many condoms??? ))

or damaged condoms?
I don't want a job, i want money!
  • #301,394
  • Feb 24, 2012 3:05pm Feb 24, 2012 3:05pm
Quoting nAVIN2007
well its hard to say to be frank..monthly end is approaching theres no time to retrace a retrace would change the picture to down so i aint in favour of it..i thought today chance of a bullish move was there but was a long shot..i agree with brian..1.60 next stop..

I havent moved on..im still in trade unfortunately not posting, im working like a bitch in a pharmacy...lol
Hi bro, yeah I know your situation and that you only need to pop in once in a while to check up on us new ones , but I haven't seen many old names around at all for the last little while. Anyway, take care nAV.
Come with me if you want to live....
  • #301,395
  • Feb 24, 2012 3:34pm Feb 24, 2012 3:34pm
Quoting dario1002
does it mean u are selling many condoms??? ))

or damaged condoms?

actually it is funny u say this, actually selling a lot of condoms..they on specials and i aint kidding
  • #301,396
  • Feb 24, 2012 3:35pm Feb 24, 2012 3:35pm
Quoting Ill-b-back
Hi bro, yeah I know your situation and that you only need to pop in once in a while to check up on us new ones , but I haven't seen many old names around at all for the last little while. Anyway, take care nAV.

im gonna be in here a lot more in up coming weeks..thanks bro!!
u are doing well..nice analysis
  • #301,397
  • Feb 24, 2012 3:38pm Feb 24, 2012 3:38pm
Quoting nAVIN2007
actually it is funny u say this, actually selling a lot of condoms..they on specials and i aint kidding
Condoms on special eh! "CHEAP SEX", I like it!!!
Come with me if you want to live....
  • #301,398
  • Feb 24, 2012 3:53pm Feb 24, 2012 3:53pm
Quoting Ill-b-back
Condoms on special eh! "CHEAP SEX", I like it!!!

may I ask ....where did you entry your long from?
I don't trust any move - when you have profit...take it.
  • #301,399
  • Feb 24, 2012 4:29pm Feb 24, 2012 4:29pm
Look what I found.....
Attached Image (click to enlarge)
Click to Enlarge Name: Chart of GLOBEX~@6BH2.jpg Size: 184 KB
I don't trust any move - when you have profit...take it.
  • #301,400
  • Feb 24, 2012 5:18pm Feb 24, 2012 5:18pm
Quoting Faller
may I ask ....where did you entry your long from?
Hey Faller, sorry mate just got back from a swim. I'm long from 5890. I would never in my right mind do this on a Friday with a decent sized account and will cut it off if I get a reversal signal and go short. Have a good weekend.
Come with me if you want to live....
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