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Cable Update (GBPUSD)

  • #318,501
  • Jul 10, 2012 9:27pm Jul 10, 2012 9:27pm
looks to have chosen a direction now. im getting out of my long at 1.554 (when it gets there)

Ive chosen to exit here based on so much conflicting opinion and im not confident of anything further after seeing what seems to be alot of resistance around that area.

Still in a longer term downward trend
Money never sleeps...
  • #318,502
  • Jul 10, 2012 11:33pm Jul 10, 2012 11:33pm
Quoting inpatient
stuck within 5 pips for almost 2 hours, boring......
stale mate till FOMC Meeting Minutes
  • #318,503
  • Jul 10, 2012 11:47pm Jul 10, 2012 11:47pm
Quoting PoundTrader
yep, if today close below 1.5538, im looking to hold my long from 1.5492 to 1.5661
still holding long from 1.5492, looking for t/p at 1.5661, s/l at 1.5445
  • #318,504
  • Jul 10, 2012 11:53pm Jul 10, 2012 11:53pm
Quoting PoundTrader
still holding long from 1.5492, looking for t/p at 1.5661, s/l at 1.5445

would you be looking to sell from 1.5661?
Money never sleeps...
  • #318,505
  • Jul 10, 2012 11:54pm Jul 10, 2012 11:54pm
Quoting inpatient
would you be looking to sell from 1.5661?
no il be done trading for the week if 1.5661 get hit
  • #318,506
  • Jul 11, 2012 12:16am Jul 11, 2012 12:16am
4hr future Harmonic potential. Also if you look at the daily and weekly charts you will notice it completes right at the TL starting from Jan 09 and also has decent structure there as well. Should be good for a few bankable pips unless sheeeet really hits the fan. LOL
Attached Image (click to enlarge)
Click to Enlarge Name: gu bat pattern.jpg Size: 74 KB
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #318,507
  • Jul 11, 2012 2:26am Jul 11, 2012 2:26am
Hello! What do you think the pound 1.5600 this week to reach?
  • #318,508
  • Jul 11, 2012 3:12am Jul 11, 2012 3:12am
G/M

Bullish-neutral daily candle yesterday and the 5460 fractal swing lo on the dailyt at last Friday's lo holds...some upside follow thru so far today althopughj supply encountrered at current daily hi (Daily R1/Weekly Pivot/38.2% 5711-5460/base of a previous 1hr swing lo zone (prev support) [non immed]

G/L
ex member
  • #318,509
  • Jul 11, 2012 4:49am Jul 11, 2012 4:49am
Quoting Niranj
as suggested by you, its at that the best level for the short shown in your chart. 50% fib
hi there,

I have a pending short @ 1.5590 TP 1.5490 and SL just above 1.5640. 2-1 RR

1.5623 is the R.above this one will take it to 1.5680-90 but more than 1.5720 I don't see it happening that fast.

so,in this view I would risk 15 pips more from that R as it might test it and short it a bit.

I will close as soon as in profit and do the usual stuff....move SL,scale position...it does not mean I will hold it to 1.5490 as I belive in buy not in sell ...this is just to eat something today coz I only have 60 pips on AUD for now and 70 pips on GU on a long from 5484 and 30 pips on EU buy from 2240 and a buy uchf with 15 pips

I think I'll close most of them before FOMC or just BE them to be sure.

p.s. I bought some gold again @ 1566.35 TP 1600 which should be touched by tonight or tmr( I would say 8-10 hours) but I'd rather not give a time frae on gold as it seems to have it's own mood
  • #318,510
  • Jul 11, 2012 6:26am Jul 11, 2012 6:26am
LONG @ 5500 with 5 lots tp 5700 sl moved to 5550

G/L
  • #318,511
  • Jul 11, 2012 7:12am Jul 11, 2012 7:12am
Long @1.5576 no TP only TS @20 hope it will goes up before goes down again
  • #318,512
  • Jul 11, 2012 7:52am Jul 11, 2012 7:52am
Quoting redbeben
hi there,

I have a pending short @ 1.5590 TP 1.5490 and SL just above 1.5640. 2-1 RR

1.5623 is the R.above this one will take it to 1.5680-90 but more than 1.5720 I don't see it happening that fast.

so,in this view I would risk 15 pips more from that R as it might test it and short it a bit.

I will close as soon as in profit and do the usual stuff....move SL,scale position...it does not mean I will hold it to 1.5490 as I belive in buy not in sell ...this is just to eat something today coz I only have 60 pips on AUD for now...
agree with you with GU 1.5690. been learning from ur advises, can see where did you get 1.5690. its 50% fib which u said is good reversal point. however ichi is making slow sense.
still got long opened on gu which i will close down soon. before i go short again at that fib level
  • #318,513
  • Jul 11, 2012 8:01am Jul 11, 2012 8:01am
before :

http://www.forexfactory.com/attachme...1&d=1341716023
http://www.forexfactory.com/attachme...1&d=1341716023

in progress

http://www.forexfactory.com/attachme...1&d=1341978258

http://www.forexfactory.com/attachme...1&d=1341979274


just 0.0001 cent and my imho only

detail : here
not euphoria follower
  • #318,514
  • Jul 11, 2012 8:15am Jul 11, 2012 8:15am
i believe at least 90% of the traders who have posted more than 500 posts on this forum are successful traders otherwise why would they post so many posts
  • #318,515
  • Jul 11, 2012 8:17am Jul 11, 2012 8:17am
Quoting Zircon
Long .5537
out.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #318,516
  • Jul 11, 2012 8:24am Jul 11, 2012 8:24am
it should still go to at least 1.5685 before it goes down else i would close my long at 1.5547
  • #318,517
  • Jul 11, 2012 8:34am Jul 11, 2012 8:34am
Well, go with the flow!

Ive doubled my Depot this week, really great to see profit and success with an strategy, as soon as i will be able to use a Destop instead of my tablet for trading i will begin posting charts with my opinions

great to be here, cheers
  • #318,518
  • Jul 11, 2012 8:38am Jul 11, 2012 8:38am
great results but maybe you should lower your trades. If you have guessed right and doubled your balance in one week then that tells me it is possible with that trade style you could lose all your balance in one week.

well done for the past week though, bet you havent slept much?
Money never sleeps...
  • #318,519
  • Jul 11, 2012 8:45am Jul 11, 2012 8:45am
Quoting muskatnuss
Well, go with the flow!

Ive doubled my Depot this week, really great to see profit and success with an strategy, as soon as i will be able to use a Destop instead of my tablet for trading i will begin posting charts with my opinions

great to be here, cheers
if you doubled your deposit last week after trading for few weeks then i believe your strategy is good but if you doubled it in one week then i doubt it because you could double your deposit even in one trade as well but it is not consistent
  • #318,520
  • Jul 11, 2012 8:45am Jul 11, 2012 8:45am
hi guys..

1st time posting on this thread, been a silent follower since like a year ago..

anyway, whats up with .5560, seems hard to break eh..
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