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- HowieTrader replied Sep 8, 2010
The pair has returned trading in my downtrend channel in 4H TF, plus the pair is traded ranging in my BB... Looking for fresh entry of shorts...
Cable Update (GBPUSD)
- HowieTrader replied Sep 2, 2010
It was a good call, I can rate it patience = good result... Will wait and see for the next entry signal; should it still below the said line, I'll go another short; otherwise, flat on the market. Why? Because it is still very scary for me to ...
Cable Update (GBPUSD)
- HowieTrader replied Sep 1, 2010
That's it.. It still closed below the 200EMA line in my 4H TF chart, a sign of good short IMO... Will look for entry signal for short..
Cable Update (GBPUSD)
- HowieTrader replied Sep 1, 2010
Well well... The pair is still below 200EMA on 1H TF... Should I go short or should I wait...Hmmppp... Interesting enough, in 30m TF, the pair has pierced the 200EMA, but yet to resume the downtrend... Very confusing...
Cable Update (GBPUSD)
- HowieTrader replied Sep 1, 2010
I still see the bullish momentum here, even though the pair was stopped and forced to fallback after testing 200EMA in 4H TF... If we look down to 30m TF, the pair is still traded above 200EMA, suggesting, the news effect is not everlasting, thus ...
Cable Update (GBPUSD)
- HowieTrader replied Aug 31, 2010
Got in yesterday, got in today, got out twice in profit, good bearish movement actually.. By my chart, the pair is traded below 200EMA, suggesting that there is a continuation of downtrend movement. Furthermore, the channel to which the pair is ...
Cable Update (GBPUSD)
- HowieTrader replied Aug 26, 2010
Who let the bulls out?? Yeah.. Nice bullish movement today... Will wait for next entry signal for re-entry..
Cable Update (GBPUSD)
- HowieTrader replied Aug 26, 2010
Last 4H candle still closed above my downtrend-line thus suggesting it is not trading downward; not within the last 4H period... I see that it is also being traded above 200EMA in 4H TF, then I guess it is time to long, correct? Will wait for good ...
Cable Update (GBPUSD)
- HowieTrader replied Aug 25, 2010
Forgot to mention my last trade, anyway, there is a result (attached)... Furthermore, the pair seems trying to reach upper boundary of my BB in 4H TF, don't know if it can pierce through the level there.. But suppose it can, bye-bye bear today..
Cable Update (GBPUSD)
- HowieTrader replied Aug 25, 2010
If I slide to daily chart, I see the pair is sitting at the lower boundary of my BB.. Wiser to long here don't u think? Targeting to middle BB @ around 1.55700 level? I don't know about bears here, but it seems like it is weaker than the bulls.. ...
Cable Update (GBPUSD)
- HowieTrader replied Aug 25, 2010
Thanks wormboy, I'm still learning, and starting to get used to the hunch, lol...
Cable Update (GBPUSD)Anyway, no good signal, either way in the market means stay the hell out of it, unless you have a really massive cash pumping the market...
- HowieTrader replied Aug 25, 2010
I see... I thought the pair might be able to visit my upper BB boundary in 4H TF... If it is traded ranging in respect to the channel, I'll say it is still possible for some fresh air up above before hit and drown...
Cable Update (GBPUSD)Still flat for today, but bull ...
- HowieTrader replied Aug 25, 2010
I have to say that the pair has breached my 4H TF downtrend channel. It is still open near that upper boundary but no sign of bear lately.. Still flat on cable, no position taken yet.. Anyway, I can shout a sentiment for now.. I'll say, prepare to ...
Cable Update (GBPUSD)
- HowieTrader replied Aug 24, 2010
In my 4H TF chart, last candle closed below downtrend channel, so still a downtrend-favorable IMO.. Let's see if it can retest today's low... Anytime soon? Nobody knows...
Cable Update (GBPUSD)
- HowieTrader replied Aug 24, 2010
Shall we continue downtrend?? After the news effect on the pair? I don't know... But still got the bearish sentiment around me... Plus the pair is still in a downtrend channel of mine in 4H TF.. I'll wait for a good entry signal to run another short ...
Cable Update (GBPUSD)
- HowieTrader replied Aug 23, 2010
TP was hit and now the pair is being traded in level 1.54702... Flat on cable right now, next, I will post my thought if the market generates my next entry signal.. Happy trading..
Cable Update (GBPUSD)
- HowieTrader replied Aug 23, 2010
OK, thx...
Cable Update (GBPUSD)Look forward to see the outcome of this trade; I moved the TP to 1.5490 so that in case it fails to break the said support, I can still laugh it out of the market...
- HowieTrader replied Aug 23, 2010
I see... So that is why the pair is so quiet these moments... I think I know I'm waiting for the entry confirmation, you know, that trade can be closed anytime I want... Anyway, thanks for your comment, it helps me build my trading strategy so that ...
Cable Update (GBPUSD)
- HowieTrader replied Aug 23, 2010
In 4H TF, the pair did pierced inside the downtrend channel... I'll go short here.. Short @ 1.55295 TP @ 1.53901 SL @ 1.56050 Let's see if the pair can dive through the channel this time...
Cable Update (GBPUSD)Any comment?
- HowieTrader replied Aug 23, 2010
The pair is trying to pierce through downtrend channel; should it can close inside the channel, the downtrend resumes; otherwise, see a bounce to the uptrend channel.. Easy trade actually, not to mention that the pair has been traded in range last ...
Cable Update (GBPUSD)