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Cable Update (GBPUSD)

  • #340,121
  • May 7, 2013 7:34am May 7, 2013 7:34am
u must be patient...pause before open position...
when GOD brings you a challenge he also gives you the power to deal with it
  • #340,122
  • May 7, 2013 7:36am May 7, 2013 7:36am
Quoting Mr.C
{quote} Based on a comb like formation. We had same on EU that today rocketed the pair UP nicely. PA is also good for intra-week range template but it needs to pull the price north to ~ 1,5566. But boy did I enter early - had not a precise TL on, that already was broken. Redrew it on other TF & saw the break has not been confirmed yet. Have to watch the damn DD now! SL @ 1,5509.

u must be patient...pause before open position..

anyway u can allways hedge it u know...
when GOD brings you a challenge he also gives you the power to deal with it
  • #340,123
  • May 7, 2013 7:40am May 7, 2013 7:40am
Quoting eitan1010
u must be patient...pause before open position...
Fellow traders always lift the mood up. But don't worry about me buddy. Will leave the hedging stuff for more adrenalin

thirsty guys. Thanks

Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #340,124
  • May 7, 2013 7:41am May 7, 2013 7:41am
based on daily TF, Fibo 50% from 1.4830 to 1.6340 become strong resistance, to the down side retrace to 1.5460-80....we will see PA around this area, otherwise if overcome the mentioned resistance (fibo 50%) the next fibo 61.8 1.5770 is also the next possible target, selling from this important Fibo will be interesting...
Attached Image (click to enlarge)
Click to Enlarge Name: cable.png Size: 26 KB
  • #340,125
  • May 7, 2013 7:43am May 7, 2013 7:43am
Attached Image (click to enlarge)
Click to Enlarge Name: ds.png Size: 129 KB

good luck for shorter...
  • #340,126
  • May 7, 2013 7:59am May 7, 2013 7:59am
Quoting Mr.C
{quote} Fellow traders always lift the mood up. But don't worry about me buddy. Will leave the hedging stuff for more adrenalin thirsty guys. Thanks

ok bro take care

when GOD brings you a challenge he also gives you the power to deal with it
  • #340,127
  • May 7, 2013 9:11am May 7, 2013 9:11am
wooowwwoooo what abear move
when GOD brings you a challenge he also gives you the power to deal with it
  • #340,128
  • May 7, 2013 9:32am May 7, 2013 9:32am
Cool that it went down. Did not catch the move because the fundimentals was telling me different. Have to stop relying too mutch on the fundimentals. According to the last 5 news releases it said to me that it would go up and not drop. Am I reading the news incorrectly.
  • #340,129
  • May 7, 2013 9:36am May 7, 2013 9:36am
gbp need to close under previous low of under 1.5480 then only can advance further down.

eyeing 1.5400/20 if 1.5480 can be contained by bear action.

oh the forum's display change again? i thought was some sort of cache error..

not as eye-friendly then the previous one.
  • #340,130
  • May 7, 2013 9:41am May 7, 2013 9:41am
Quoting baherhosni
I see us in the channel between 5600 and 5480. So very crudely, a confirmed break above 600 should take us a safe 50 pips north. On the other side of the coin, I would like to take my shorts down to 5480 as a first target and then see what the PA does there. Cheers to all
target acquired.. now lets see where this market wants to go next..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,131
  • May 7, 2013 9:46am May 7, 2013 9:46am
Quoting 5percent
gbp need to close under previous low of under 1.5480 then only can advance further down. eyeing 1.5400/20 if 1.5480 can be contained by bear action. oh the forum's display change again? i thought was some sort of cache error.. not as eye-friendly then the previous one.
agree on all points.. including the new look..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,132
  • May 7, 2013 9:46am May 7, 2013 9:46am
1.5450 finally
  • #340,133
  • May 7, 2013 9:51am May 7, 2013 9:51am
Quoting -sonny-
1.5450 finally
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,134
  • May 7, 2013 9:53am May 7, 2013 9:53am
already you can see an engulfing on w1 now

Quoting Bones
channel seems to me as too easy ,just about every one sees ,guess that could make good poss channel not as easy as this anyway I have too ,daily says pullback to me ,poss engulfing w1,which was low range,gap up {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd no 2 7-5-13.png Size: 49 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #340,135
  • May 7, 2013 9:53am May 7, 2013 9:53am
i think i will need to see the day close..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,136
  • May 7, 2013 9:55am May 7, 2013 9:55am
it will close bearish ,really it will I am god himself haha
not joking btw
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #340,137
  • May 7, 2013 9:55am May 7, 2013 9:55am
Quoting Bones
already you can see an engulfing on w1 now {quote} {image}
yeah.. but the week is not over yet!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,138
  • May 7, 2013 9:59am May 7, 2013 9:59am
lol I dont need to see that ,its gonna close bearish ,only tueday but I can see from that
be ready if eur jpy takes 12915
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #340,139
  • May 7, 2013 10:14am May 7, 2013 10:14am
fact is you can read now that longs ,there not going to win for a couple of days min
dont worry I teach for free
no PF ,
suscription free !!
please go to bonesfx.co.uk.com lol



Quoting baherhosni
{quote} yeah.. but the week is not over yet!
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd 7-5-13 w1.png Size: 33 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #340,140
  • May 7, 2013 10:20am May 7, 2013 10:20am
Quoting Bones
fact is you can read now that longs ,there not going to win for a couple of days min dont worry I teach for free no PF , suscription free !! please go to bonesfx.co.uk.com lol {quote} {image}
happy about getting your free sessions anytime..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
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