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Cable Update (GBPUSD)

  • #147,361
  • Jul 17, 2009 8:27am Jul 17, 2009 8:27am
Wow... on which time frameyou put them....Thank you very much...i`ve started to read james16 -long way to finish...

London Trader
Quoting nAVIN2007
yes sure but i have to give credit to james16 grp for acknowledgment

ema 60,150 and 365
Discomfort and profit often stand side by side
  • #147,362
  • Jul 17, 2009 8:28am Jul 17, 2009 8:28am
Quoting nAVIN2007
yes right now its impossible to say where it may head..it can be the retrace for both up or down...if it makes a new low im sunk...and will need a new boat..
If this hour closes above 6330/40, I think the snowy north pole is next....LOL

And then Wormie will have trade his panda for a polar bear.....LOL
Ghost Rider - WWTBMD?
  • #147,363
  • Jul 17, 2009 8:31am Jul 17, 2009 8:31am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
From my experience, it should be going down Navin, it couldn't go up this whole week despite lots of good news from US and all the indices breaking barriers after a long time. Also, don't forget UK stats AND swine flu pandemic hitting uk.

It will hover around 6000-6600 area until end of august when real traders come into the picture and it will go nasty :-)

If you are long or short it will come back to it's place apparently. But this is only till august.

ams


Quoting nAVIN2007
yes right now its impossible to say where it may head..it can be the retrace for both up or down...if it makes a new low im sunk...and will need a new boat..
  • #147,364
  • Jul 17, 2009 8:31am Jul 17, 2009 8:31am
Quoting LondonTrader
Wow... on which time frameyou put them....Thank you very much...i`ve started to read james16 -long way to finish...

London Trader
please dont think its the ema on there own...it works on all time frames....the higher the better u have to look for confluence..nothing works on its own
  • #147,365
  • Jul 17, 2009 8:31am Jul 17, 2009 8:31am
Quoting albchr
No surprise at the 6350 S/R

Question is, will it overcome it?
hmmm that question may take time to answer...

I closed my long on the hunch we may consolidate here for a while.
I've been at this since tokyo open, so need to call it a night.

Hope everyone has a great weekend!

  • #147,366
  • Jul 17, 2009 8:32am Jul 17, 2009 8:32am
imho head up for today end @ 1.6360. I short @ 1.6350
Sl @ 1.6365 TP yet to decide...
  • #147,367
  • Jul 17, 2009 8:32am Jul 17, 2009 8:32am
Have exited 7 of 8 longs at good profit (from 23.6% fib to 38.2% long retrace of above chart) and left one open with stop at BE+2.

Goodnight from Australia. Hope the big boys want to start buying.
  • #147,368
  • Jul 17, 2009 8:34am Jul 17, 2009 8:34am
Quoting ams
From my experience, it should be going down Navin, it couldn't go up this whole week despite lots of good news from US and all the indexes breaking barriers after a long time. Also, don't forget UK stats AND swine flu pandemic hitting uk.

ams
i will tell u something ...i dont pay any attention to news as far as im concerned everything is priced in, u just need to trade a time frame where news cannot affect your view..

if u trade 5 minutes or 1 hr u have to take news into account but if your trading weekly or monthly..will news affects be seen?
  • #147,369
  • Jul 17, 2009 8:34am Jul 17, 2009 8:34am
Sure

Thank`s once again
LT

Quoting nAVIN2007
please dont think its the ema on there own...it works on all time frames....the higher the better u have to look for confluence..nothing works on its own
Discomfort and profit often stand side by side
  • #147,370
  • Jul 17, 2009 8:36am Jul 17, 2009 8:36am
This will probably be my last post as I'll try to be coherent as possible. I still have down signal for Cable and EUR.

EUR is meet by 1.4130 resistance and Cable 1.6380.

Just sold Cable @ 1.6350 too by the way.... SL 1.6380.... TP 1.6200/20

Good luck All
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #147,371
  • Jul 17, 2009 8:37am Jul 17, 2009 8:37am
Quoting albchr
If this hour closes above 6330/40, I think the snowy north pole is next....LOL

And then Wormie will have trade his panda for a polar bear.....LOL
azim got one already
  • #147,372
  • Jul 17, 2009 8:37am Jul 17, 2009 8:37am
HI

Could you give me a tip where can I find Demark indicator?

Thank you,
London Trader
Quoting i1tolearn
imho head up for today end @ 1.6360. I short @ 1.6350
Sl @ 1.6365 TP yet to decide...
Discomfort and profit often stand side by side
  • #147,373
  • Jul 17, 2009 8:39am Jul 17, 2009 8:39am
Quoting nAVIN2007
azim got one already
do not be so excited....as i mentioned now is my turn lol
  • #147,374
  • Jul 17, 2009 8:42am Jul 17, 2009 8:42am
Quoting grashid
do not be so excited....as i mentioned now is my turn lol

has trend changed..lets see if there can be a higher low made....then im sweet...rocket launcher is ready
Attached Image (click to enlarge)
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  • #147,375
  • Jul 17, 2009 8:45am Jul 17, 2009 8:45am
Quoting LondonTrader
HI

Could you give me a tip where can I find Demark indicator?

Thank you,
London Trader
http://www.forexfactory.com/showthread.php?t=8915
  • #147,376
  • Jul 17, 2009 8:47am Jul 17, 2009 8:47am
Hope this worked.
Attached File(s)
File Type: mq4 DeMark Trendline Trader.mq4   22 KB | 310 downloads
  • #147,377
  • Jul 17, 2009 8:48am Jul 17, 2009 8:48am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I certainly pay attention to news, not institutional but gov one. Not sure if you remember news coming from fed in march changed whole scenerio for cable and the dollar?

Even the banks and hedge funds do that (who am I) and the proof is activity around the news time.
You and me and several other retail traders can't move the daily 3 trillion dollar forex market charts around news :-)

I trade daily charts. Have been doing it from a while :-)


ams




Quoting nAVIN2007
i will tell u something ...i dont pay any attention to news as far as im concerned everything is priced in, u just need to trade a time frame where news cannot affect your view..

if u trade 5 minutes or 1 hr u have to take news into account but if your trading weekly or monthly..will news affects be seen?
  • #147,378
  • Jul 17, 2009 8:54am Jul 17, 2009 8:54am
Quoting LondonTrader
HI

Could you give me a tip where can I find Demark indicator?

Thank you,
London Trader

attached herewith the indi.
Attached File(s)
File Type: mq4 DeMark Trendline Trader.mq4   22 KB | 230 downloads
  • #147,379
  • Jul 17, 2009 8:54am Jul 17, 2009 8:54am
Quoting wormboy
50 more to get to my 200 ...
This dragon take back our Pips
  • #147,380
  • Jul 17, 2009 8:55am Jul 17, 2009 8:55am
Quoting nAVIN2007

has trend changed..lets see if there can be a higher low made....then im sweet...rocket launcher is ready
but how about this..pink line area and yellow area....including daily vol...
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