Cable Update (GBPUSD)

Quoting albchr

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{quote} How ya been my sawdusty brother?

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Quoting Bones

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Hey brother I'm good ,gonna be hanging up my saw and hammer so hope things become clearer to me ! and you Chris long time ? {quote}

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Quoting Bones

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Hey brother I'm good ,gonna be hanging up my saw and hammer so hope things become clearer to me ! and you Chris long time ? {quote}

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Quoting needpips

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{quote} 1.73 for cable 1.43 for fibre..... Im sidelined till these areas... too risky to short....too risky to long.... I figure a few weeks at this rate we will be there....Ill rest till then

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Quoting albchr

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{quote} Hanging em up huh? That's great if it's what you want. I really miss the wood and wish I could go back. I have no doubt things will "become clearer" for you Tony. You're already there my friend. Trust yourself Past two years have been a challenge caring for mom but still plugging away. Brighter days ahead I'm sure.

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Quoting albchr

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{quote} Naaa mate, I cut that one loose early this morning before the news. Shame really to walk away with only 20 but it was a just a test anyway. I thought we might actually see some movement from the news (silly me..haha) and figured 20 was better than BE... LOL No matter...next trade is just around the corner. Still leaning short ATM. I'm guessing you're still holding?

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Quoting Bones

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well I have a complicated life like you also brother ,anyway been a long time I need to do now ,nice to see you back in action , {quote}

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Quoting deeZG

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{quote} yes sir, still in saddle with that one. that's most of my mindset...very relaxing for me to put in the probe that might end up with either really minimal loss or huge gains. also, i tend to keep my trades alive for days/weeks cause it fits my lifestyle. not always the case, of course, but mostly...

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Quoting albchr

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{quote} I too like to let em ride for days or more when they go. For me, this daily close is confirmation that "if" a turn is to happen, this is the most likely area for it. If south is the way, I know we'll bounce up roughly 50% of this daily so another good RR short will be at hand. I took that 6810 with a 20 pip SL and it never came close to it. But either way, up/down, trades happen.

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Quoting deeZG

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{quote} looking it same way plus, of course, i love the way price came to this level...maybe best seen on H4 and H1 (but on D1 also)...for me, it is of same importance as the level itself (long term resistance)

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Quoting albchr

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{quote} Funny you should mention it's "approach" to this level. And ... on the 4H. My friend, I do believe we see similar things Posted 23 hours ago in my humble corner. Second paragraph...LOL ... http://www.forexfactory.com/showthre...47#post7395347

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Quoting deeZG

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{quote} wow, nice little corner you have! thanks for pointing me to it, will check it now on a regular basis. and, seems like we're both back here after a pause...back almost the same day as far as aproach and H4...yes, we're obviously looking the very same thing. I agree completely about consolidation and understand completely your thought about consolidation might imply possible break through. Usually, I look at it exactly the same same way. In this particular case though, consolidation was somewhat away from level itself...and second leg was...

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Quoting Bones

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lets see if $ can recover ,or may be test that consolidation above ,major pivot of course like cable, {image}

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Quoting albchr

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{quote} Glad you like it. Feel free to post your thoughts/comments or conversation anytime. Back almost the same day huh? Must be fate. I agree completely with your view on it's approach and consolidation distance from the top. I probably could have been more accurate with my description there. My intent was always to short but with that approach, I was watching to see a possible "spike" above S/R to short from and close body below S/R giving a pin on 1H or 4H with a wick above S/R. Had that happened, I'd have never closed the trade and just...

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Quoting deeZG

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{quote} yes, i was executing the trade on m5. H1 is the lower TF i go to for analysis and decisions and then when i want to fine tune entry i usually lower to m15. m5 yesterday was somewhat an exception. what i had an eye on was nice, long up candle into the level on H1 so i went down to lower TFs to see early reaction to it. I'll surely stop by posting on your thread...but first i'll go through it's history {image}

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Quoting Bones

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lets see if $ can recover ,or may be test that consolidation above ,major pivot of course like cable, {image}

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Quoting Trader88q

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i did some profit but then burn out and circle repeats. so finally i see almost 0 results and even minus profit. the life is too short guys to spend it on forex. i feel that i will quit soon with no return cause trully saying i just started to dont like the hole idea the phylosofy of that life style. Its better to go to work and work cause u work u get real money and u know that nobody will take it from you. In forex never know. But there a lot of fake traders send by fx brokers to bla bla bla commenting so. My message to brokers when you...

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