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Cable Update (GBPUSD)

  • #324,381
  • Sep 17, 2012 9:46am Sep 17, 2012 9:46am
Quoting taomql4
Not too sure If they are going to succeed trying to remove it . I'm waiting for the 4hr candle to close (82 mins left..)...But 2hr Chart already shows signs of absorption .
im not confident selling at all..infact i consider this very aggressive..but the weekly third touch on the trendline may have found a top..

i think the quartery high of last quarter was 1.63 and the candle was bearish..

i thought it was worth a trade
  • #324,382
  • Sep 17, 2012 9:55am Sep 17, 2012 9:55am
Quoting nAVIN2007
im not confident selling at all..infact i consider this very aggressive..but the weekly third touch on the trendline may have found a top..

i think the quartery high of last quarter was 1.63 and the candle was bearish..

i thought it was worth a trade
You could reverse the Trade ..The 4 hr bar doesn't even want to wait anymore , the 2 hr chart might have done enough damage to Supply ..
  • #324,383
  • Sep 17, 2012 9:56am Sep 17, 2012 9:56am
Good day guys.

so slow this morning but picked up this afternoon.

Resorted to scalping buy and sell.

I have the top of the H4 channel at 771....so we should soon see this being tested.
  • #324,384
  • Sep 17, 2012 10:03am Sep 17, 2012 10:03am
Quoting taomql4
You could reverse the Trade ..The 4 hr bar doesn't even want to wait anymore , the 2 hr chart might have done enough damage to Supply ..
we have to wait and see..swing trading is a lot easier
  • #324,385
  • Sep 17, 2012 10:14am Sep 17, 2012 10:14am
63 is a point of resistance, but trend is still up in the meantime.

Went in on a trade from 6225, limit is at 6300.
  • #324,386
  • Sep 17, 2012 10:17am Sep 17, 2012 10:17am
Quoting nAVIN2007
we have to wait and see..swing trading is a lot easier

That's the 8 hr Candle am trying to exploit - Indeed , the Range is quite small and close to the Highs..
Attached Image (click to enlarge)
Click to Enlarge Name: smallrange.gif Size: 33 KB
  • #324,387
  • Sep 17, 2012 10:47am Sep 17, 2012 10:47am
Quoting taomql4
That's the 8 hr Candle am trying to exploit - Indeed , the Range is quite small and close to the Highs..

yes range is very small..the idea behind the short was..on the dailly..its developed the third touch on the ascending trendline (connect the 3 latest dailly lows..assuming the range (ie cant break 1.63..theres very chance tomorrow cable will be a sell..

this was the idea behind my trade..

there also no news on pound..

looking for indecision on dailly candle..tomorrow dailly candle will be on the opposite site of trendline(is my thinking)
Attached Image (click to enlarge)
Click to Enlarge Name: cable10.gif Size: 25 KB
  • #324,388
  • Sep 17, 2012 10:58am Sep 17, 2012 10:58am
Hiya fellas, i see nav bro you are one risky hell of a trader.... i still dont have a signal to short the GBP yet but i will get on board when one presents itself...
however i have had a better luck with AUDUSD though.... dunno if its a good short or not... but i have a TP at 1.0420 for this sleezebag...
Attached Image (click to enlarge)
Click to Enlarge Name: audusd daily.gif Size: 23 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #324,389
  • Sep 17, 2012 11:06am Sep 17, 2012 11:06am
Quoting bguguen
Hiya fellas, i see nav bro you are one risky hell of a trader.... i still dont have a signal to short the GBP yet but i will get on board when one presents itself...
however i have had a better luck with AUDUSD though.... dunno if its a good short or not... but i have a TP at 1.0420 for this sleezebag...
Attachment

looking good buddy
  • #324,390
  • Sep 17, 2012 11:09am Sep 17, 2012 11:09am
Quoting nAVIN2007
looking good buddy
Seriously nav im also looking to short GBPUSD but i got to wait until daily gives me some sort of signal.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #324,391
  • Sep 17, 2012 11:10am Sep 17, 2012 11:10am
SELL setup
Attached Image
  • #324,392
  • Sep 17, 2012 11:18am Sep 17, 2012 11:18am
Quoting bguguen
Seriously nav im also looking to short GBPUSD but i got to wait until daily gives me some sort of signal.

i figured what the hell..i mean i have targeted 1.63 for 1 year and the mofo..didnt do it..infact it touched it and drop like a stone..cant tell me it gonna fly through now
  • #324,393
  • Sep 17, 2012 11:26am Sep 17, 2012 11:26am
Quoting nAVIN2007
i figured what the hell..i mean i have targeted 1.63 for 1 year and the mofo..didnt do it..infact it touched it and drop like a stone..cant tell me it gonna fly through now
hi Nav

may I know what price did you short and what is the TP

thanks
  • #324,394
  • Sep 17, 2012 11:29am Sep 17, 2012 11:29am
Quoting thevadd
hi Nav

may I know what price did you short and what is the TP

thanks
16234 worst entery ..
target 1.61 min
  • #324,395
  • Sep 17, 2012 11:30am Sep 17, 2012 11:30am
Quoting nAVIN2007
i figured what the hell..i mean i have targeted 1.63 for 1 year and the mofo..didnt do it..infact it touched it and drop like a stone..cant tell me it gonna fly through now
You better watch out what you are hoping for....100% fib at 1.6300....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #324,396
  • Sep 17, 2012 11:40am Sep 17, 2012 11:40am
Quoting nAVIN2007
16234 worst entery ..
target 1.61 min
Thanks buddy
  • #324,397
  • Sep 17, 2012 2:13pm Sep 17, 2012 2:13pm
What a day ! ..Big players sold 12.000lots @16269.Right now just added 2500 more @16242....we going down seriuos until other turning point
  • #324,398
  • Sep 17, 2012 2:22pm Sep 17, 2012 2:22pm
Quoting volforex
What a day ! ..Big players sold 12.000lots @16269.Right now just added 2500 more @16242....we going down seriuos until other turning point

how do u know this?
  • #324,399
  • Sep 17, 2012 2:25pm Sep 17, 2012 2:25pm
Quoting nAVIN2007
how do u know this?
and no reply....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #324,400
  • Sep 17, 2012 2:28pm Sep 17, 2012 2:28pm
Quoting bguguen
and no reply....

u hit a home run ..yur trade a great setup..that is exactly the kind of trade i look for
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