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Cable Update (GBPUSD)

  • #41
  • Nov 21, 2006 6:34pm Nov 21, 2006 6:34pm
Quoting c1ro
Hi..
What parameters do u use on bollinger bands?

Thanks..
Set your bb at 20, exponential (if you are day trading), 2. The price has a fondness for kissing the bands. So once it kisses the top, it will kiss the bottom once it crosses the bb 20. You could gain pips like this all day. If the price is trending it will kiss the same band 3 times or more. To tell the difference from a trend and top/bottom is to check the rsi to see if its over its limit. When the price can't cross the bb 20 it will return to its over the limit state and the price is trending and the same band will be kissed more than once.
A. Finesse Williams Making Millions One Pip At A Time!
  • #42
  • Nov 21, 2006 8:50pm Nov 21, 2006 8:50pm
Son of a B! I lowered my Limit order right before it shot through the sucker, missing me over 20 points, but I still netted 20, and any gain is good
Thanks for the input guys, I totally spaced on the fact that holiday weeks are always light. Either way it still looks like it may go to my orginal target of around the 61% FIB retraction of 1.9177 - 1.8836 of about 1.9050, I guess we'll see.

PS - Happy Early Thanksgiving!
I be pip'n!
  • #43
  • Nov 21, 2006 10:05pm Nov 21, 2006 10:05pm
hit you take profit?? are you ready for short after this?



Quoting Qu|cksilver
I think this week is very slow moving for gbp/usd because of US public holiday.. but i still go long until the price hit my TP @ 1.9030
Yacob I dive the market without Fear.
  • #44
  • Nov 21, 2006 10:26pm Nov 21, 2006 10:26pm
how high is will it go before the drop? i guess their is nothing to stop it from going higher.

guess i shouldnt be trading this week..
  • #45
  • Nov 21, 2006 10:37pm Nov 21, 2006 10:37pm
Yup. hit my TP gain 90 pips. I will not short yet because gbp can go up to 1.9050 and 1.9090. I will see tomorrow..
"Invest With The Insiders, Not The Masses" George Muzea
  • #46
  • Nov 22, 2006 12:22am Nov 22, 2006 12:22am
Quoting Qu|cksilver
Yup. hit my TP gain 90 pips. I will not short yet because gbp can go up to 1.9050 and 1.9090. I will see tomorrow..
yup we will see...if not hit 9050 i will sell GU
  • #47
  • Nov 22, 2006 12:37am Nov 22, 2006 12:37am
Quoting aswilled
Set your bb at 20, exponential (if you are day trading), 2. The price has a fondness for kissing the bands. So once it kisses the top, it will kiss the bottom once it crosses the bb 20. You could gain pips like this all day. If the price is trending it will kiss the same band 3 times or more. To tell the difference from a trend and top/bottom is to check the rsi to see if its over its limit. When the price can't cross the bb 20 it will return to its over the limit state and the price is trending and the same band will be kissed more than once.
Thanks a lot Will
  • #48
  • Nov 22, 2006 12:46am Nov 22, 2006 12:46am
Quoting aswilled
Set your bb at 20, exponential (if you are day trading), 2. The price has a fondness for kissing the bands. So once it kisses the top, it will kiss the bottom once it crosses the bb 20. You could gain pips like this all day. If the price is trending it will kiss the same band 3 times or more. To tell the difference from a trend and top/bottom is to check the rsi to see if its over its limit. When the price can't cross the bb 20 it will return to its over the limit state and the price is trending and the same band will be kissed more than once.
Btw, there is option for exponential on BB. I set the period to 20, deviation to 2 and apply to close. Is it right?
  • #49
  • Nov 22, 2006 1:21am Nov 22, 2006 1:21am
Quoting c1ro
Btw, there is option for exponential on BB. I set the period to 20, deviation to 2 and apply to close. Is it right?
Yes, close. Always apply indicators to the close. Closes move the market. Its what sets the price.
A. Finesse Williams Making Millions One Pip At A Time!
  • #50
  • Nov 22, 2006 1:45am Nov 22, 2006 1:45am
i already sell GU @ 1.9047.



Quoting kamalhassan
yup we will see...if not hit 9050 i will sell GU
"Invest With The Insiders, Not The Masses" George Muzea
  • #51
  • Nov 22, 2006 1:53am Nov 22, 2006 1:53am
hi quicksilver, how did you know gbp will go to 1.9050?
  • #52
  • Nov 22, 2006 1:57am Nov 22, 2006 1:57am
i sell based on my technical analysis. I might be wrong. i set my stoploss 20 pip above entry. If i loss, i will sell again at 1.9090
"Invest With The Insiders, Not The Masses" George Muzea
  • #53
  • Nov 22, 2006 2:02am Nov 22, 2006 2:02am
aha, and what technical analysis do you use?
  • #54
  • Nov 22, 2006 2:04am Nov 22, 2006 2:04am
Support & resistance, trendlines, channel, sometimes i also use mouteki method and Tom Demark.



Quoting Wallboroff
aha, and what technical analysis do you use?
"Invest With The Insiders, Not The Masses" George Muzea
  • #55
  • Nov 22, 2006 2:06am Nov 22, 2006 2:06am
what is your tp for this one?
  • #56
  • Nov 22, 2006 2:11am Nov 22, 2006 2:11am
Somewhere around 1.8750 but i haven't set my TP yet.



Quoting Wallboroff
what is your tp for this one?
"Invest With The Insiders, Not The Masses" George Muzea
  • #57
  • Nov 22, 2006 2:55am Nov 22, 2006 2:55am
Quoting aswilled
Yes, close. Always apply indicators to the close. Closes move the market. Its what sets the price.
Hi Will,
What TF ideally for BB 20? I'm confused with the BB actually
  • #58
  • Nov 22, 2006 3:52am Nov 22, 2006 3:52am
Quoting Qu|cksilver
Support & resistance, trendlines, channel, sometimes i also use mouteki method and Tom Demark.
n dnt forget AURA and Ambuyat..hehe..mine is still onholiday..im just waiting for an Explosion price..Nice to hear you having ur Profit...dnt forget to buy nasi Katok..
  • #59
  • Nov 22, 2006 4:09am Nov 22, 2006 4:09am
Quoting aswilled
Yes, close. Always apply indicators to the close. Closes move the market. Its what sets the price.
On what time frame, Will?

Thanks

howard
Regards
  • #60
  • Nov 22, 2006 4:55am Nov 22, 2006 4:55am
Quoting Qu|cksilver
i already sell GU @ 1.9047.
me not yet sell GU, still waiting 9090...or above....but if somebody already sell GU at 9047 still safe..bcoz GU will be drop 86xx..if i'm not wrong....
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