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Cable Update (GBPUSD)

  • #315,961
  • Jun 11, 2012 3:09am Jun 11, 2012 3:09am
am waiting that level also Tau ...
Quoting TauTrader
Hoping she can take us lower during the next few sessions... As things stand now - I want to long her ass from around 1.5450. But only if still valid.

all success to you

Regards
not euphoria follower
  • #315,962
  • Jun 11, 2012 3:13am Jun 11, 2012 3:13am
Quoting iqyu5an
am waiting that level also Tau ...
Good day to you, sir

I have a promising setup on 4hr chart at the moment... just gotta have to wait for the correct level ( relative) and if all still in place - pull the trigger. This will be a longer term trade - prolly day or 2,3. Going to have to scale into it, I think.

Good to see you and wishing you all the best
  • #315,963
  • Jun 11, 2012 3:16am Jun 11, 2012 3:16am
lol ,I admire for taking on these patterns really I could never

Just dont have the eye for it

Quoting iqyu5an


yes i am silly ... so what's the problem ?

http://www.trade-forex-harmonic-patt...ips-shark.html
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,964
  • Jun 11, 2012 3:17am Jun 11, 2012 3:17am
A little support cluster here to slow things down:

Friday's high @ 1.55335
Thursday's close @ 1.55231
Weekly open @ 1.55095
Round number 1.5500

Regards
  • #315,965
  • Jun 11, 2012 3:20am Jun 11, 2012 3:20am
Hi guys,
Current situation on GBP/USD.

More on my blog.

Take care,
Seb
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h1.jpg Size: 88 KB
  • #315,966
  • Jun 11, 2012 3:22am Jun 11, 2012 3:22am
all the best for you too brother ...

here is the crab ...for my current position. i can see your 5450 but ughhhhhhhhhhhhhfffffffff there is a GAP.

hopefully it could be broken

yeahh am dreaming ......hehehhe...


Quoting TauTrader
Good day to you, sir

I have a promising setup on 4hr chart at the moment... just gotta have to wait for the correct level ( relative) and if all still in place - pull the trigger. This will be a longer term trade - prolly day or 2,3. Going to have to scale into it, I think.

Good to see you and wishing you all the best
Attached Image (click to enlarge)
Click to Enlarge Name: pvj469f.gif Size: 12 KB
not euphoria follower
  • #315,967
  • Jun 11, 2012 3:25am Jun 11, 2012 3:25am
hi man...

am learning here and ( honestly ) learnt alot from your chart

u're great ....
Quoting Bones
lol ,I admire for taking on these patterns really I could never

Just dont have the eye for it
not euphoria follower
  • #315,968
  • Jun 11, 2012 3:54am Jun 11, 2012 3:54am
Quoting iqyu5an
all the best for you too brother ...

here is the crab ...for my current position. i can see your 5450 but ughhhhhhhhhhhhhfffffffff there is a GAP.

hopefully it could be broken

yeahh am dreaming ......hehehhe...
Good day,

The Gap - yes...I do not trade it. Open MT4 and change from bars to line graph - no gap.

But there has been some activity at 1.5465 over the week end which I believe needs to be sorted out one time or the other - this ( by chance) is below the level of the gap.

So - 1.5465 will be my target....

Could be horribly mistaken - of course.

Going to lock in my average price between the 2 shorts now.

Regards
  • #315,969
  • Jun 11, 2012 3:56am Jun 11, 2012 3:56am
Well yes honestly so I am i learning every day ,great thing about forum :-)
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,970
  • Jun 11, 2012 4:42am Jun 11, 2012 4:42am
Quoting redbeben
sold EU last night

TP 1.2530 and below

on GU i have both sell and buy but small values as no direction yet

closed 2/3 on EU rest @ +85 pips locked

on GU I made only 20 pips then I scaled in half and now I wait to close @1.5495 and 1.5475 ....if the move will continue next target will be 1.5432 and the very last 1.5390-1.5374 from that point only I will long for 60 pips
  • #315,971
  • Jun 11, 2012 5:07am Jun 11, 2012 5:07am
Good day to you,

closing both my shorts on GU.

Moving over to EU to prepare...

Regards
  • #315,972
  • Jun 11, 2012 5:57am Jun 11, 2012 5:57am
Good day to you,

Finished long scalp on EU.

Going to look for a short on GU... entering 25% position @ 1.5550

Regards
  • #315,973
  • Jun 11, 2012 6:12am Jun 11, 2012 6:12am
Quoting TauTrader
Good day to you,

Finished long scalp on EU.

Going to look for a short on GU... entering 25% position @ 1.5550

Regards
Added 25% @ 1.5564 - will not add any more. SL 1.5584

Regards
  • #315,974
  • Jun 11, 2012 6:33am Jun 11, 2012 6:33am
Quoting TauTrader
Added 25% @ 1.5564 - will not add any more. SL 1.5584

Regards
May I know which timeframe you trade?
Is this a long term trade?
Just trying to understand, still learning
  • #315,975
  • Jun 11, 2012 6:42am Jun 11, 2012 6:42am
Has to fill the gap good opportunity to short it.
Attached Image (click to enlarge)
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  • #315,976
  • Jun 11, 2012 6:56am Jun 11, 2012 6:56am
Quoting sudosandwich
May I know which timeframe you trade?
Is this a long term trade?
Just trying to understand, still learning
Good day to you, sir

It all depends...

Lowest, as a rule - 15min, but has traded 5min as well. Normally work with 3 timeframes ie: 15min. 1hr. 4hr. Other side of the scope, traded daily - even weekly.

But if I have to pick an order of preference, it will be 15min, then 1hr, then 4hr.

I have the same setup on all 3 timeframes. I am an indicator whore.

Can not trade price action only. But that is just me.

Today, I obviously scalped shorter timeframe ( 15min ). The current shorts are also taken off 15 min.

So - to answer your question - these are short term trades. In and out. I shall add what timeframe I am trading when posting again.

All the best in your studies.

Regards
  • #315,977
  • Jun 11, 2012 6:57am Jun 11, 2012 6:57am
Entered short position at 1.5556 with initial 50 pip SL and 30 pip TP.
Just moved SL to EP now.
Now we wait
Show Me Your Pips!!!
  • #315,978
  • Jun 11, 2012 7:00am Jun 11, 2012 7:00am
let's see if breakes below recent low in 5520-26.
after triggering it, i expect a small bounce again up some pips.

anyway i'm targeting upper 54 area between DP (pink) + WP (blue/balck) + last W closing price (5575)

will eventually add more if below 5520 in confirmation.
or cut position if strong candle close above 5570 (actual high)
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_15 Mins_snapshot.jpg Size: 80 KB
90% of traders use TA, indicators and prediction
  • #315,979
  • Jun 11, 2012 7:19am Jun 11, 2012 7:19am
Quoting _BBKing_
let's see if breakes below recent low in 5520-26.
after triggering it, i expect a small bounce again up some pips.

anyway i'm targeting upper 54 area between DP (pink) + WP (blue/balck) + last W closing price (5575)

will eventually add more if below 5520 in confirmation.
or cut position if strong candle close above 5570 (actual high)
Good day,

Like this!

Very much the same idea for me... but your chart looks a lot better. I am not posting charts for now, as they look like christmas trees.

But hey, they work for me...

Do you believe that one can design an indicator based trading system that is good enough to trade with confidence?

Or are you part of the PA group of traders...

Let us debate ( open invitation to all on the thread)

Regards
  • #315,980
  • Jun 11, 2012 7:25am Jun 11, 2012 7:25am
Quoting TauTrader
Good day,

Like this!

Very much the same idea for me... but your chart looks a lot better. I am not posting charts for now, as they look like christmas trees.

But hey, they work for me...

Do you believe that one can design an indicator based trading system that is good enough to trade with confidence?

Or are you part of the PA group of traders...

Let us debate ( open invitation to all on the thread)

Regards
good day mrTau,
tks for kind words, always appreciated.
actually i'm in a kind of mixed trading system.

i mean: overall i read price and respect (i try to) PA rules.
best best setup is always at the beginningof the week when price building levels like pivots, opens, highs etc...

so for example this is my h1 chart where red is highs and green is possible low so my target area.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Hourly_snapshot.jpg Size: 81 KB
90% of traders use TA, indicators and prediction
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