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Cable Update (GBPUSD)

  • #379,561
  • May 28, 2014 1:19pm May 28, 2014 1:19pm
Quoting albchr
{quote} {quote} ... Brother, you are like a library. My information folder runeth over...
Thanks Chris
I like reading in general but love target reading.
When I started painting I read and studied masters even obscure ones and still follow what is going in Art world.
This gave me appreciation and understanding what is possible..
Love reading on traders and love market wizards books and should be required reading for any inspiring trader.
You never know what you come across.
My BB system is modified system used by Kathy Lien whom I respect very much a stellar trader.So I take what I can from others.
In trading, you have to be defensive and aggressive at the same time
  • #379,562
  • May 28, 2014 1:25pm May 28, 2014 1:25pm
$DXY Daily

Steam roller...
Approaching some sleeping policemen
Attached Image (click to enlarge)
Click to Enlarge Name: DX Daily.png Size: 20 KB
  • #379,563
  • May 28, 2014 1:28pm May 28, 2014 1:28pm
Quoting albchr
{quote} ... I shall mortgage the house, car and farm at TWICE their value IMDEIATELY and go LONG! .....
yes sir you can do that, my target never missed. 100% correct.
  • #379,564
  • May 28, 2014 1:32pm May 28, 2014 1:32pm
GU 4H

Channel up support collapsed, apparent channel down formation now
I would expect an oversold bounce now, this move is a tad overdone and needs some retracement
Attached Image (click to enlarge)
Click to Enlarge Name: GU 4H.png Size: 32 KB
  • #379,565
  • May 28, 2014 1:35pm May 28, 2014 1:35pm
Quoting Kofmaster
So many supports has broken with being tested.. A healthy drop shouldn't be like this..Is everyone bear? Then I should start being bulls in view. {image} {image}
Good point, Kofmaster.
Were I short, I would've taken profits at this point....for a long position we need to see some more base building though imo...
Hear the music before the song is over ...
  • #379,566
  • May 28, 2014 1:38pm May 28, 2014 1:38pm
Quoting Davit
{quote} Thanks Chris I like reading in general but love target reading. When I started painting I read and studied masters even obscure ones and still follow what is going in Art world. This gave me appreciation and understanding what is possible.. Love reading on traders and love market wizards books and should be required reading for any inspiring trader. You never know what you come across. My BB system is modified system used by Kathy Lien whom I respect very much a stellar trader.So I take what I can from others.
I also read up on Kathy Liens opinions every day, she is indeed very insightful
  • #379,567
  • May 28, 2014 1:41pm May 28, 2014 1:41pm
Quoting Lamira
{quote} i guess i like it when you pissed off keep going buddy
lol, is it safe to come back out ,lol
  • #379,568
  • May 28, 2014 1:42pm May 28, 2014 1:42pm
Quoting tedsung
{quote} yes sir you can do that, my target never missed. 100% correct.
Tell ya what, you sign that mortgage in your name as responsible? And it's a deal!
Ghost Rider - WWTBMD?
  • #379,569
  • May 28, 2014 1:43pm May 28, 2014 1:43pm
I started buying at 1.6750 for a retrace scalp but need to admit that I'm unsure of the bigger picture. I wouldn't be suprised to see it go 1.65. I need to be careful trying to get cute trading retraces, or I could find myself in some trouble
  • #379,570
  • May 28, 2014 1:44pm May 28, 2014 1:44pm
Quoting GlobalMacro
{quote} Good point, Kofmaster. Were I short, I would've taken profits at this point....for a long position we need to see some more base building though imo...
Holy $&@#!! He lives! Hey GM Loooooong time bro. How you been man?
Ghost Rider - WWTBMD?
  • #379,571
  • May 28, 2014 1:45pm May 28, 2014 1:45pm
Quoting JimmyC
$DXY Daily Steam roller... Approaching some sleeping policemen {image}
Ghost Rider - WWTBMD?
  • #379,572
  • May 28, 2014 1:46pm May 28, 2014 1:46pm
Quoting GlobalMacro
{quote} Good point, Kofmaster. Were I short, I would've taken profits at this point....for a long position we need to see some more base building though imo...
welcome back you have been away for some time, i closed the 3 of them and went long,but i think scalping form for now 6730 area then short maybe, i like to see a 20 pip rr counter trading and this looks to be ok,the area for concern is incase the weekly 20 ema wants it first .?? regards E
  • #379,573
  • May 28, 2014 1:47pm May 28, 2014 1:47pm
Quoting elbert3
{quote} lol, is it safe to come back out ,lol
... yes Billy. You're among friends now... ... I think??
Ghost Rider - WWTBMD?
  • #379,574
  • May 28, 2014 1:51pm May 28, 2014 1:51pm
Quoting albchr
{quote} Holy $&@#!! He lives! Hey GM Loooooong time bro. How you been man?

Hi ya there Big Bro it's been a long time indeed, I'm doing fine Chris, how's everything on your side...
hope you got everything taken care of....it's good to see you buddy...
Hear the music before the song is over ...
  • #379,575
  • May 28, 2014 1:54pm May 28, 2014 1:54pm
Quoting albchr
{quote} ... yes Billy. You're among friends now... ... I think??
  • #379,576
  • May 28, 2014 1:59pm May 28, 2014 1:59pm
Quoting GlobalMacro
{quote} Hi ya there Big Bro it's been a long time indeed, I'm doing fine Chris, how's everything on your side... hope you got everything taken care of....it's good to see you buddy...
Awe you know how it is bro. Every time you get things taken care of, there's more things to take care of. But still plugging along and smiling about it.

Dam it's good to see a post from you. I know it's rare but I hope not "too" rare down the road.

My trading is improving and I'm expanding my horizons still. I had to take considerable time away for family matters that still exist but hope to be more consistently at the charts now.
Ghost Rider - WWTBMD?
  • #379,577
  • May 28, 2014 2:02pm May 28, 2014 2:02pm
Quoting elbert3
{quote} welcome back you have been away for some time, i closed the 3 of them and went long,but i think scalping form for now 6730 area then short maybe, i like to see a 20 pip rr counter trading and this looks to be ok,the area for concern is incase the weekly 20 ema wants it first .?? regards E
Thanks Billy, how are you my good man...I see you're going strong as ever....
yup we did see 1.70 ( 1.6998) to my delight...was definitely good start to the year, can't complain ....

ATM I'm watching this area too, has been a decent drop from multiyear highs....looking for long positions targeting highs again..will have to wait and see some more...

Regards to you as well
Hear the music before the song is over ...
  • #379,578
  • May 28, 2014 2:18pm May 28, 2014 2:18pm
Quoting albchr
{quote} Awe you know how it is bro. Every time you get things taken care of, there's more things to take care of. But still plugging along and smiling about it. Dam it's good to see a post from you. I know it's rare but I hope not "too" rare down the road. My trading is improving and I'm expanding my horizons still. I had to take considerable time away for family matters that still exist but hope to be more consistently at the charts now.
I know bro. But you got the right attitude, that's why everything's gonna be ok, Godspeed, my friend.
I try to post here every now and then...but I'm trading other markets more actively atm since forex's become less volatile recently...
Hear the music before the song is over ...
  • #379,579
  • May 28, 2014 2:18pm May 28, 2014 2:18pm
Quoting tedsung
{quote} yes sir you can do that, my target never missed. 100% correct.
And you can do that for every pair in the exchange market? Or you're only 100% correct in GU?
  • #379,580
  • May 28, 2014 2:23pm May 28, 2014 2:23pm
Quoting GlobalMacro
{quote} Thanks Billy, how are you my good man...I see you're going strong as ever.... yup we did see 1.70 ( 1.6998) to my delight...was definitely good start to the year, can't complain .... ATM I'm watching this area too, has been a decent drop from multiyear highs....looking for long positions targeting highs again..will have to wait and see some more... Regards to you as well
welcome back, GlobalMacro.

still following the buy-the-dip-scheme?
fortis fortuna adiuvat
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