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Cable Update (GBPUSD)

  • #322,741
  • Aug 26, 2012 9:36pm Aug 26, 2012 9:36pm
Quoting Faller
if we break 1.5794 drop zone in affect.

drop zone could stop at 1.5771 - but from there drop could go to 1.5701.....from there I see price to hold around 1.5672.......if that price fails ......down to 1.5577.
I don't trust any move - when you have profit...take it.
  • #322,742
  • Aug 26, 2012 9:37pm Aug 26, 2012 9:37pm
Quoting Faller
drop zone could stop at 1.5771 - but from there drop could go to 1.5701.....from there I see price to hold around 1.5672.......if that price fails ......down to 1.5577.

These numbers do not mean that I am in a position currently - but to the upside if one were to take a short a very tight stop should be around 1.5830 - but if you like to like things run a bit.....1.5900 could be another stop point.....
I don't trust any move - when you have profit...take it.
  • #322,743
  • Aug 26, 2012 9:40pm Aug 26, 2012 9:40pm
Just remember....trying to hit home runs can ruin accounts - but if you can make 300 dollar a day - at the end of the month you will profit $6000.00 and at the end of the year you will profit $72000.00

base hits are good.
I don't trust any move - when you have profit...take it.
  • #322,744
  • Aug 26, 2012 9:40pm Aug 26, 2012 9:40pm
Quoting Faller
not sure where my comment came from -

I watch a lot of things on the charts and different charts of different instruments....we all have our own views on the market.....I do not want to influence anyone here......based on what I see - if price keeps moving in the current direction (the past 3 days - which is down) 1.5701 will be the first POTENTIAL target.....not sure where you see 1.5750......post a chart and enlighten me!

Thanks...

Faller.
3 weeks of bullish trend, price would hit this line today at 1.575
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Money never sleeps...
  • #322,745
  • Aug 26, 2012 10:04pm Aug 26, 2012 10:04pm
Quoting inpatient
3 weeks of bullish trend, price would hit this line today at 1.575
It's a funny one.
I agree, on the face of it we have a break out and looking like a retrace to retest 5740-75 zone.

I got a daily short signal on market open but weekly is in the way, so closed out longs taken from within the range the other week and left Fridays DD long open.
I'm waiting to see if we close bullish this week for more confirmation of bullish market.
Come with me if you want to live....
  • #322,746
  • Aug 26, 2012 10:05pm Aug 26, 2012 10:05pm
Quoting Ill-b-back
It's a funny one.
I agree, on the face of it we have a break out and looking like a retrace to retest 5740-75 zone.

I got a daily short signal on market open but weekly is in the way, so closed out longs taken from within the range the other week and left Fridays DD long open.
I'm waiting to see if we close bullish this week for more confirmation of bullish market.
I've been buzzing around FF last 2 hours, fascinating site when have a look around.
Come with me if you want to live....
  • #322,747
  • Aug 26, 2012 10:13pm Aug 26, 2012 10:13pm
Quoting Faller
drop zone could stop at 1.5771 - but from there drop could go to 1.5701.....from there I see price to hold around 1.5672.......if that price fails ......down to 1.5577.
We have a lot of the same numbers. For me, close under 5812 on the hour should have sealed the deal to move down to 5771 min, with the danger of retracement to logical targets, 5821, 5841 (you have 5830 happy medium).

However two rejections back at 5812 under normal circumstances would squash the hopes of upside retracement, and should move down to targets.

But 5771 not primary, just soft, safe downside target. 5758 primary, very serious level. If breaks which I don't favor, then I got 5724 for soft and 5703 for primary. So I'm sitting on a couple of shorts at 5808 targeting 71 but I may bail at 77.

If EU would make a close under 2501 even on the 15 min might speed things up... But also maybe H4 GU needs a sequence break close in bull for one to keep going down...so then past 12 am EST.
  • #322,748
  • Aug 26, 2012 10:25pm Aug 26, 2012 10:25pm
Quoting stevefx
We have a lot of the same numbers. For me, close under 5812 on the hour should have sealed the deal to move down to 5771 min, with the danger of retracement to logical targets, 5821, 5841 (you have 5830 happy medium).

However two rejections back at 5812 under normal circumstances would squash the hopes of upside retracement, and should move down to targets.

But 5771 not primary, just soft, safe downside target. 5758 primary, very serious level. If breaks which I don't favor, then I got 5724 for soft and 5703 for primary. So I'm sitting on...

Nice post.....I trade futures.....so our numbers will be off a few pips......

GL

Green pips to you and me.

Faller.
I don't trust any move - when you have profit...take it.
  • #322,749
  • Aug 26, 2012 10:44pm Aug 26, 2012 10:44pm
Regards,

KG
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  • #322,750
  • Aug 26, 2012 10:46pm Aug 26, 2012 10:46pm
Quoting Kang_Gun
Regards,

KG

nice chart (as always)

looking at it the same way and until then no trades.

Always enjoy your charts Kang, good stuff
Money never sleeps...
  • #322,751
  • Aug 26, 2012 10:50pm Aug 26, 2012 10:50pm
Quoting inpatient
nice chart (as always)

looking at it the same way and until then no trades.

Always enjoy your charts Kang, good stuff
Thank You.. and hope it's help to see from another view..

Regards,

KG
  • #322,752
  • Aug 27, 2012 1:39am Aug 27, 2012 1:39am
as the bond futures rise......the market futures fall - who has a crystal ball - for where it all falls?
I don't trust any move - when you have profit...take it.
  • #322,753
  • Aug 27, 2012 1:45am Aug 27, 2012 1:45am
Snail...
3-4 pips all day. Got 2 shorts 5808 and 5810 TP 5800 and I can't even get there on a spike.
In trading, you have to be defensive and aggressive at the same time
  • #322,754
  • Aug 27, 2012 1:56am Aug 27, 2012 1:56am
Quoting Prodix86
GU = Buy at 1.5800, Target: 1.5935, Stop: 1.5765
EU = Buy at 1.2465, Target: 1.2585, Stop: 1.2430
nice strategy you've got there ...champ

but next time you copy free signal services check the previous results first ...sometimes it proves they are bad calls....afterall who does market analysis pro bono ?

or if you need help and are interesting in what they use you could always ask here on this thread.there are at least 4-5 traders using ichi for trading
  • #322,755
  • Aug 27, 2012 2:31am Aug 27, 2012 2:31am
Quoting redbeben
nice strategy you've got there ...champ

but next time you copy free signal services check the previous results first ...sometimes it proves they are bad calls....afterall who does market analysis pro bono ?

or if you need help and are interesting in what they use you could always ask here on this thread.there are at least 4-5 traders using ichi for trading

Everyone gets their information from somewhere.......some traders even get their information from here........
I don't trust any move - when you have profit...take it.
  • #322,756
  • Aug 27, 2012 2:51am Aug 27, 2012 2:51am
Quoting Faller
Everyone gets their information from somewhere.......some traders even get their information from here........
good ''own strategy'' indeed

c'mon faller post something so I can copy a trade or two


actually I think I'll stop trading till mid sept as most pairs are news driven nowdays.too much of QE or Draghi or Merkel on the market now to be able to trade techs or fundies...

There are no techs to tell what or who will fart next on TV or no fundies that are respected no matter what.

It's all bogus now.
  • #322,757
  • Aug 27, 2012 4:35am Aug 27, 2012 4:35am
Above 1.5770 trend is bullish, below the support tendency turns back bearish.
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  • #322,758
  • Aug 27, 2012 5:07am Aug 27, 2012 5:07am
Quoting fxghost
Above 1.5770 trend is bullish, below the support tendency turns back bearish.
but your obvious target was 1.62-1.63 as per charts.

what makes you think below 1.576X line makes it bear ?
  • #322,759
  • Aug 27, 2012 5:15am Aug 27, 2012 5:15am
Quoting fxghost
Above 1.5770 trend is bullish, below the support tendency turns back bearish.
GELORE
  • #322,760
  • Aug 27, 2012 5:25am Aug 27, 2012 5:25am
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