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Cable Update (GBPUSD)

  • #278,321
  • May 4, 2011 1:23pm May 4, 2011 1:23pm
seems good time to buy gu
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 64 KB
  • #278,322
  • May 4, 2011 1:44pm May 4, 2011 1:44pm
Quoting smikester
Instead of burning our brains out and making losing trades, let's concentrate on the fact it's NFP week, not usually a great week to trade unless we have some insight. On Friday comes a great opportunity and, if we put in some paper chart time, by learning from previous outcomes of NFP, we should be able to trade the rest of the month with more confidence. Just a suggestion. This is why I don't concentrate solely on cable.
Now I understand why I can't even make some good analysis and only stacking losses since the beginning of this week, thank you for your information.
  • #278,323
  • May 4, 2011 2:45pm May 4, 2011 2:45pm
Quoting smikester
Instead of burning our brains out and making losing trades, let's concentrate on the fact it's NFP week, not usually a great week to trade unless we have some insight. On Friday comes a great opportunity and, if we put in some paper chart time, by learning from previous outcomes of NFP, we should be able to trade the rest of the month with more confidence. Just a suggestion. This is why I don't concentrate solely on cable.

good advice!
for the moment i only watch to daily levels to get some good daily trades.
too early for trends.
i hope will be a good month without choppy patterns...
90% of traders use TA, indicators and prediction
  • #278,324
  • May 4, 2011 2:46pm May 4, 2011 2:46pm
usdx bad daily pattern
90% of traders use TA, indicators and prediction
  • #278,325
  • May 4, 2011 4:05pm May 4, 2011 4:05pm
G/U close short, long entered s.l 70pips
  • #278,326
  • May 4, 2011 4:21pm May 4, 2011 4:21pm
anybpdy dare to say what Asian session might do tonight?
  • #278,327
  • May 4, 2011 4:57pm May 4, 2011 4:57pm
G/U close short, long entered s.l 70pips
  • #278,328
  • May 4, 2011 7:57pm May 4, 2011 7:57pm
Quoting fendi
G/U close short, long entered s.l 70pips
why are you so aggressive,,?
I hope you clear your position with a good position
only an analysis, and I'm always wrong, don't follow me,
  • #278,329
  • May 4, 2011 8:06pm May 4, 2011 8:06pm
Quoting smikester
Instead of burning our brains out and making losing trades, let's concentrate on the fact it's NFP week, not usually a great week to trade unless we have some insight. On Friday comes a great opportunity and, if we put in some paper chart time, by learning from previous outcomes of NFP, we should be able to trade the rest of the month with more confidence. Just a suggestion. This is why I don't concentrate solely on cable.
agreed!
  • #278,330
  • May 4, 2011 10:48pm May 4, 2011 10:48pm
I cant be so so wrong no matter what!!!! When u are sure of your entry u av to b an aggressive trader else u miss a good entry point, there is need to have good entry b cos of NFP so entry is locked at a good trial profit... Good luck while u wait



Quoting andelumut
why are you so aggressive,,?
I hope you clear your position with a good position
  • #278,331
  • May 4, 2011 10:54pm May 4, 2011 10:54pm
good morning/evening to all
forum is sooooo silent.
where is PoundTrader, Tautrader, Wormboy, Ams etc.......??
what is the reason? pre-NFP all in 'wait mode' ?

well,
trading rule #9:dont trade on NFP day.

so today last day of the week for me.
tomorrow will get a day-off, fukk them!

lets work to let it be a profit day
90% of traders use TA, indicators and prediction
  • #278,332
  • May 4, 2011 10:55pm May 4, 2011 10:55pm
No excuses, when then do u make profit??? If you can trade and you don't trade before the news when then do you place your entry.... If you trade hours before any news, you would most likely be in safe haven even before the news and your trade would have been locked by trailing your profit and allow the news if it flows in your favour you pick more pips else yu are knocked out from your trail profit.
Thats how i trade, i have tried saving my closed trade but cant save it in pdf or favorable formats that is allowedby FF else i would have sent you my account to verify what i say in here.... Its like most of the oldies have fled FX, what happened?


Quoting clc4x
agreed!
  • #278,333
  • May 4, 2011 11:03pm May 4, 2011 11:03pm
Quoting _BBKing_
good morning/evening to all
forum is sooooo silent.
where is PoundTrader, Tautrader, Wormboy, Ams etc.......??
what is the reason? pre-NFP all in 'wait mode' ?

well,
trading rule #9:dont trade on NFP day.

so today last day of the week for me.
tomorrow will get a day-off, fukk them!

lets work to let it be a profit day
Good day, I absolutely agree with that and I'm going to add that to my rules. I only made very small profit since the beginnning of this week.
  • #278,334
  • May 4, 2011 11:07pm May 4, 2011 11:07pm
Quoting fendi
No excuses, when then do u make profit??? If you can trade and you don't trade before the news when then do you place your entry.... If you trade hours before any news, you would most likely be in safe haven even before the news and your trade would have been locked by trailing your profit and allow the news if it flows in your favour you pick more pips else yu are knocked out from your trail profit.
Thats how i trade, i have tried saving my closed trade but cant save it in pdf or favorable formats that is allowedby FF else i would have sent you...
hello
im 50% agree with you, coz usually before big events better be in a safe position. but charts are full of mixed data.
anyway i still have a buy running to TGT the 1.70 area but i feel like tomorrow will be a lot of spikes UP n DOWN to burn stops.
So if today price goes up as i think (lets see later...) i will close whole positions.
90% of traders use TA, indicators and prediction
  • #278,335
  • May 4, 2011 11:11pm May 4, 2011 11:11pm
Quoting 0rPhioZ
Good day, I absolutely agree with that and I'm going to add that to my rules. I only made very small profit since the beginnning of this week.
yeah i got good positions on Gusd
but i have been fuked on gold....

gold have done a huge crash 80$ x oz in few time.
this thing let me think something like "who went out of gold longs??"
time will tell
90% of traders use TA, indicators and prediction
  • #278,336
  • May 4, 2011 11:27pm May 4, 2011 11:27pm
new day new chart
first thing i notice is that on attachements

holding this level would mean more up.
below will give a confirmation before more down.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gusdd1.gif Size: 14 KB
90% of traders use TA, indicators and prediction
  • #278,337
  • May 4, 2011 11:52pm May 4, 2011 11:52pm
h4 price rebound from red daily trendline upward where stopped the 300 pips fall from 6744
6450-55 is also 50% fibo retrace from 6165 to 6744.

pattern suggest a possible HS formation
if price will be unable to consolidate above 6570 and 6620 (blu ellipse near), the 63 and 62 area will come fast.

the 6620 consolidation is needed to avoid the HS on the daily.
at my eyes, looks like a lot of things to do in too much few time.
will be bears lined up near 6570
stronger ones near 6600

below trendline now 6460-70 first line for bulls is 6430
if fail there, last is 6380-90 also 61,8 fiboretrace
question is: who will buy it below 6430??????
100% pure random fact... 6380 is h4 ema200 and 6330 is h4 sma200

good luck
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh4.gif Size: 24 KB
90% of traders use TA, indicators and prediction
  • #278,338
  • May 5, 2011 12:49am May 5, 2011 12:49am
Quoting _BBKing_
yeah i got good positions on Gusd
but i have been fuked on gold....

gold have done a huge crash 80$ x oz in few time.
this thing let me think something like "who went out of gold longs??"
time will tell
I have just checked Gold, If we compared it with GU I'd say that it will still go down like Gold. Probably it's starting right now.
  • #278,339
  • May 5, 2011 12:52am May 5, 2011 12:52am
I sure agree with u in most area's. Actually i intend to close all longs by today and wait by tomorrow to see where we go. It can go either way but the close of todays long would determine my entry.

Quoting _BBKing_
hello
im 50% agree with you, coz usually before big events better be in a safe position. but charts are full of mixed data.
anyway i still have a buy running to TGT the 1.70 area but i feel like tomorrow will be a lot of spikes UP n DOWN to burn stops.
So if today price goes up as i think (lets see later...) i will close whole positions.
  • #278,340
  • May 5, 2011 1:20am May 5, 2011 1:20am
Quoting _BBKing_
h4 price rebound from red daily trendline upward where stopped the 300 pips fall from 6744
6450-55 is also 50% fibo retrace from 6165 to 6744.

pattern suggest a possible HS formation
if price will be unable to consolidate above 6570 and 6620 (blu ellipse near), the 63 and 62 area will come fast.

the 6620 consolidation is needed to avoid the HS on the daily.
at my eyes, looks like a lot of things to do in too much few time.
will be bears lined up near 6570
stronger ones near 6600

below trendline now 6460-70 first line for bulls is...
Hello. I'm already in with long position. Come up GU up! UP!
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