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Cable Update (GBPUSD)

  • #332,621
  • Dec 19, 2012 6:27am Dec 19, 2012 6:27am
selling now

target 1 6250
target 2 6200
target 3 6175
  • #332,622
  • Dec 19, 2012 6:38am Dec 19, 2012 6:38am
Quoting cdndollar
Hi Sir IBB.. Hope you're collecting in the pips.. That correction down to 1.6008 was a great buy on dip setup..
The eccentric old fella is on steroid after taking out 1.61.. pausing here in a 4 way Cross play prior to pole vaulting over 1.63..




more 8 Numbers for you..
Hello Sir, I grabbed 30 more today from 56-86 but that is all.

I trust your system experience has been good to you,
I need a few more months at it I think to learn to just hold the mofo until a reversal comes in

I royally F-up everything last week by not trusting the original bullish signal many of us got nearly 5 weeks ago now.

I think I need to stop continuing to post my developing market outlook after I get the signal, as I begin to feel the pressure of my own public exposure and just keep balsing it up.

Going forward, I will just post the original entry and leave it at that I think.

That way 2013 I am sure will be far more prosperous.

Have a good day Sir CDN, please say hi for me to our good friend Sir Chonchy over there...
Come with me if you want to live....
  • #332,623
  • Dec 19, 2012 6:51am Dec 19, 2012 6:51am
It is not over until it is over. It must get to 1.66 before it is over
The fragrance remains in the hands of those that gves the rose
  • #332,624
  • Dec 19, 2012 6:56am Dec 19, 2012 6:56am
I know its tough on the emotion to hold this position but the right thing to do is adding to a winning position. That is the right thing to do.
Numbers NEVER Lie
  • #332,625
  • Dec 19, 2012 7:04am Dec 19, 2012 7:04am
reached my limit at 300. My works done for now.
  • #332,626
  • Dec 19, 2012 7:13am Dec 19, 2012 7:13am
Quoting nAVIN2007
agree
might get lucky
well wonder where it ends, at least the fun takes a while
Don't be a hero. Don't have an ego. Always question yourself
  • #332,627
  • Dec 19, 2012 7:29am Dec 19, 2012 7:29am
Quoting Ill-b-back
Hello Sir, I grabbed 30 more today from 56-86 but that is all.

I trust your system experience has been good to you,
I need a few more months at it I think to learn to just hold the mofo until a reversal comes in

I royally F-up everything last week by not trusting the original bullish signal many of us got nearly 5 weeks ago now.

I think I need to stop continuing to post my developing market outlook after I get the signal, as I begin to feel the pressure of my own public exposure and just keep balsing it up.

Going...
You have the skills.. and as you said you just need to concentrate on the mindset.. which IMHO is the toughest part for anyone playing in this cesspool as the market play head games with the best of us constantly & often trick us out of good positions..

Trust your setups.. bet with conviction & adjusted risk to suit your temperament.. & don't let those LTF retraces play tricks with your head as we must be willing give some pips back to the market in-order to be rewarded with occasional multi-figure paydays..

Happy Holidays & Prosperous New Year for you & all our friends here..
  • #332,628
  • Edited 7:50am Dec 19, 2012 7:36am | Edited 7:50am
Price reaches the previous Monthly/weekly x 2/Daily swing hi @ 6309 and finds supply in that zone at 6306 just below the daily r2 @/around 6310.

Daily/4hr/1hr still in opa uptrends and weekly remains bullish-rangy and we could see a HH on this t/f should that 6309 previous swing hi be breeched to the upside. Daily has now sen 3 x HH's and 5 x HL's and has been in an uptrend really since this first HH with 2 x HL's and a H above the last LH of the previous downtrend the clues before this.

To the upside- well price still hasn't made a weekly close above the 76.4% of the b-c weekly/monthly swing shown on weekly pic below, and of course this falls near top of that previous swing to 6309...above here the unbeeched fibs of the a-c and b-c weekly/monthly swings and of course those previous swing highs. Monthly R2 is up @/around 6346 with Weekly R3 @/around 6396.

G/L
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ex member
  • #332,629
  • Dec 19, 2012 7:49am Dec 19, 2012 7:49am
H4 Update
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Numbers NEVER Lie
  • #332,630
  • Dec 19, 2012 8:02am Dec 19, 2012 8:02am
Quoting C345
Shorting is tempting but ........................
Hi,

Nice Pivotd,is it indicator?if may I have it..



Thanks
If there was easy money lying around,no one would be forcing it into your
  • #332,631
  • Edited 4:26pm Dec 19, 2012 9:40am | Edited 4:26pm
15 mins Buy setup? Might go lower to 6240

Seems like we have some Buy orders at 6240. We wait to see what happens here.
Attached Image (click to enlarge)
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Numbers NEVER Lie
  • #332,632
  • Dec 19, 2012 10:00am Dec 19, 2012 10:00am
daily looks like it may be setting up for a hammer. Lets see how it closes later on.
  • #332,633
  • Dec 19, 2012 10:46am Dec 19, 2012 10:46am
I'm switching off!
Wish you all a merry xmas and a great party on year ending!

ByeBYE
90% of traders use TA, indicators and prediction
  • #332,634
  • Dec 19, 2012 11:55am Dec 19, 2012 11:55am
Quoting nAVIN2007
I like the way u analyse these areas of demend..interesting and obviously effective approach
Thanks Nav ..
  • #332,635
  • Dec 19, 2012 12:00pm Dec 19, 2012 12:00pm
Quoting ZizoFX
How about counting the weekly candles too. I have 6 weeks left out of 10 on this Bullish ride. Don't mind me I'm sticking to "The trend is your friend until the end". I have no targets until a reversal presents itself. Good trading Tao...Someday I want to be like you.

GL
Thanks Ziz .. Trust me , had my moments & the learning Curve Pain..
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  • #332,636
  • Edited 12:23pm Dec 19, 2012 12:05pm | Edited 12:23pm
GU at the moment ..

I'll watch the demand levels , and we just might take out the 3 days Supply zone .. I wanna be on that ride...

Gotta wait for Supply to tap out in the demand zones (Using VSA signals..) , then I suspect we'll go for it ( the 3 day supply range)
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  • #332,637
  • Dec 19, 2012 1:43pm Dec 19, 2012 1:43pm
(scalping)..I'm too lazy to check If there's a bigger supply behinde it..lol - Besides 9 days demand candle isn't done Yet ..

Here we goo ....
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  • #332,638
  • Dec 19, 2012 1:49pm Dec 19, 2012 1:49pm
Quoting cdndollar
You have the skills.. and as you said you just need to concentrate on the mindset.. which IMHO is the toughest part for anyone playing in this cesspool as the market play head games with the best of us constantly & often trick us out of good positions..

Trust your setups.. bet with conviction & adjusted risk to suit your temperament.. & don't let those LTF retraces play tricks with your head as we must be willing give some pips back to the market in-order to be rewarded with occasional multi-figure paydays..

Happy Holidays & Prosperous New...
Sorry mate, went to sleep.
Thx for the encouragement, have a great holiday and thx very much for your input, it's been worthwhile and also quite entertaining.

Cheers mate
Come with me if you want to live....
  • #332,639
  • Dec 19, 2012 1:51pm Dec 19, 2012 1:51pm
Quoting wasabeclaw
selling now

target 1 6250
target 2 6200
target 3 6175
That was well timed
Come with me if you want to live....
  • #332,640
  • Dec 19, 2012 2:42pm Dec 19, 2012 2:42pm
nice pin bar, hammer setting up
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