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Cable Update (GBPUSD)

  • #29,621
  • Sep 7, 2007 2:39pm Sep 7, 2007 2:39pm
aaah brilliant , thanx alot exactly what i had in mind
  • #29,622
  • Sep 7, 2007 2:49pm Sep 7, 2007 2:49pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting lexazver
aaah brilliant , thanx alot exactly what i had in mind
MT4 demo gold oil dow, look in market watch for feeds or use a chart.

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Enter "Demo.Metaquotes.net:443" in the "Server:" field of the "Server" tab in the "Tools -> Options" menu. Click "Ok".
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  • #29,623
  • Sep 7, 2007 2:50pm Sep 7, 2007 2:50pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting lexazver
aaah brilliant , thanx alot exactly what i had in mind

share your thoughts please, dose gold have a link to the current run in cable?
  • #29,624
  • Edited 4:09pm Sep 7, 2007 3:45pm | Edited 4:09pm
Quoting MPP
share your thoughts please, dose gold have a link to the current run in cable?
well this maybe strange theory but im just studying drastic movements and gold and cable have something in common which is they are both speculated alot with basically earlier in the year i made nice profit albeit from a small position on USDCAD because on daily charts it followed almost exactly the same patter as EURUSD but eurusd made this patter much earlier im just gonna post 2 graphs so you can see.


--== If you look at EURUSD graph from 27oct 2005 linve to the end of the graph and then look at USDCAD from 11th may 2006 to the 1st fet 2007 line you will see that price movements were very very similar.==-

Now Gold broke its 20+ year price record and then collapsed, same happened to cable, then gold retraced to the region between 50% and 61.8% fib retracement and then plumeted again, so im just looking into possibility of cable falling to 1.97 area also but there are no signs yet ,im just looking

edit: sorry gold went just agove 61.8% fibo level and cable is also now just above this level
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD pattern.JPG Size: 69 KB
Click to Enlarge Name: USDCAD pattern.JPG Size: 46 KB
  • #29,625
  • Sep 7, 2007 4:06pm Sep 7, 2007 4:06pm
ok here is better graph )

This is just something that im looking at , at the moment

edit: gold left cable right
Attached Image
  • #29,626
  • Sep 7, 2007 4:31pm Sep 7, 2007 4:31pm
GU - draw a fib ret from 8/6/07 down to 8/17/07. 78.6% level is right in the area where we closed today. Also 61.8% and 100% projections of prior swings of up move from 8/17/07 bottom are 2.0294 and 2.0314
  • #29,627
  • Sep 7, 2007 10:25pm Sep 7, 2007 10:25pm
Quoting MPP
share your thoughts please, dose gold have a link to the current run in cable?

I dont know if there is any link between the two pairs but the price of gold has extended beyond the parameters of wolfe wave settings while cable has reach an important level 20320---40 .. this link leads you to cable's current ww pattern .. http://www.forexfactory.com/showpost...13&postcount=4
,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: rmc,1.18,gold.gif Size: 13 KB
Click to Enlarge Name: rmc,1.18,gold2.gif Size: 10 KB
  • #29,628
  • Edited 3:12pm Sep 8, 2007 9:26am | Edited 3:12pm
Hi everyone :
so what do you think gold way now , I sold it by 695 , what do you advise me ?????
  • #29,629
  • Sep 8, 2007 12:29pm Sep 8, 2007 12:29pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting khalidamassi
Hi everyone :
so what do you think gold way now , I sold it by 695 , what do you advise me ?????
i don't trade gold, and don't know the answer. but i guess your going to get a lot of

might go up or down sooner or later LOL

i would suggest that the best way to get a responce would be to explain your position.

short at Sl at and i think gold will hit in the next few days. that sort of thing. people will then pass there views as they don't see your question as a tell me how to trade, but a i think gold is going to - what do you think.

also check out the new trading room thread.

welcome to FF, it's a great place when you understand how to find what you need, and the people are very helpfully if you ask the right questions.

regards

MPP
  • #29,630
  • Sep 8, 2007 12:30pm Sep 8, 2007 12:30pm
Quoting khalidamassi
Hi everyone :
so what do you think gold way now , I sold it by 695 , what do you advise me ?????

Why shout??....FYI large type and red letters are rude and a cable thread is hardly the best place for your question, but I hope someone helps you, I no longer trade gold, so cant pass an opinion
Trading Levels with WRBs
  • #29,631
  • Sep 8, 2007 12:31pm Sep 8, 2007 12:31pm
Quoting khalidamassi
Hi everyone :
so what do you think gold way now , I sold it by 695 , what do you advise me ?????
This is the cable thread. Gold is only being talked about in comparision to GU.

Also smaller font and not in bold red might be more approriate to post in. Just a suggestion.
  • #29,632
  • Sep 8, 2007 3:18pm Sep 8, 2007 3:18pm
Ok thank you for your opinions about gold ....
  • #29,633
  • Sep 8, 2007 3:24pm Sep 8, 2007 3:24pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting khalidamassi
Ok thank you for your opinions about gold ....
told you so. here's some help, top of page try the search option, it will give you every post with word gold in it. look at the thread beneath the post and see which one has the most posts and ask there.

then come back here and post a i think cable will XXX because gold will XXX and then you will get better replies


"my responces are limited you must ask the right questions" name that film

happy trading and good luck on your quest.
  • #29,634
  • Sep 8, 2007 3:37pm Sep 8, 2007 3:37pm
Quoting MPP

"my responces are limited you must ask the right questions" name that film
Easy in the world of Google - I, Robot.

Never seen it though.
  • #29,635
  • Sep 8, 2007 4:15pm Sep 8, 2007 4:15pm
Quoting MPP
told you so. here's some help, top of page try the search option, it will give you every post with word gold in it. look at the thread beneath the post and see which one has the most posts and ask there.

then come back here and post a i think cable will XXX because gold will XXX and then you will get better replies


"my responces are limited you must ask the right questions" name that film

happy trading and good luck on your quest.
My Dear:
thank you for your kind reply ... can you tell the strategy or basis you use in GPB
  • #29,636
  • Edited 5:24pm Sep 8, 2007 5:07pm | Edited 5:24pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting SunTrader
Easy in the world of Google - I, Robot.

Never seen it though.
it's not a bad film, my son loves it so seen it a few times. got board all people give the newbies the up down routine.

i think it's so FF when the "which way" questions come.LOL
  • #29,637
  • Sep 8, 2007 5:23pm Sep 8, 2007 5:23pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting khalidamassi
My Dear:
thank you for your kind reply ... can you tell the strategy or basis you use in GPB
OK here goes

This is the most important statment anyone gave me.

trade the trend , the trend is your friend.

generally speaking I use Jacko's plan coupled with Auslanco's and Karmo's for my day to day stuff - still learning.

Also i am studying WTB 3sma's, his indicators are great, easier than bringing in the 5 year old in jacko's plan. having run them for the last month i will be subscribing to his website very soon - PC issues need to be fixed first.

in brief

WTB provides direction
Karmo provides fib's
Jacko's provides good sound trading system (SL AH etc)
Auslanco provides indicators for entries and exits when WTB's has no signals and for scalps.
Me i provide what i used before - Trend lines

so i run 4 charts per pair 1 for WTB's 3 sma's, 3 for Auslanco's 4h 1h 15m with appropriate indicators, i add fibs and TL to the 4h

MT4 beeps and buzzes when a potential trade is available

then I use Auslanco's 2% MM and trade method unless i feel it's got good potential long term and then i use Jacko's SL AH system, although i probably use Jacko's trade method more than i do Auslanco's.

none of the system are complicated and all run well together. one day i will pick the winning system but i like them all and they all seem to work.

regards

MPP
  • #29,638
  • Sep 8, 2007 6:47pm Sep 8, 2007 6:47pm
Quoting MPP
OK here goes

This is the most important statment anyone gave me.

trade the trend , the trend is your friend.

generally speaking I use Jacko's plan coupled with Auslanco's and Karmo's for my day to day stuff - still learning.

Also i am studying WTB 3sma's, his indicators are great, easier than bringing in the 5 year old in jacko's plan. having run them for the last month i will be subscribing to his website very soon - PC issues need to be fixed first.

in brief

WTB provides direction
Karmo provides fib's
Jacko's provides good sound trading system (SL AH etc)
Auslanco provides indicators for entries and exits when WTB's has no signals and for scalps.
Me i provide what i used before - Trend lines

so i run 4 charts per pair 1 for WTB's 3 sma's, 3 for Auslanco's 4h 1h 15m with appropriate indicators, i add fibs and TL to the 4h

MT4 beeps and buzzes when a potential trade is available

then I use Auslanco's 2% MM and trade method unless i feel it's got good potential long term and then i use Jacko's SL AH system, although i probably use Jacko's trade method more than i do Auslanco's.

none of the system are complicated and all run well together. one day i will pick the winning system but i like them all and they all seem to work.

regards

MPP
Thanks very much for your reply .... I will check you speech alot
  • #29,639
  • Sep 9, 2007 5:48am Sep 9, 2007 5:48am
Ascending movement is kept. Were closed above 2,0155, the following purpose 2,0149 means.
http://img165.imageshack.us/img165/7040/gbpw1hf1.th.gif


Ascending movement is kept. Were closed above 2,0270, the following purpose 2,0386, 2,0461, 2,0508 means. If we shall be closed below 2,0264 the purposes below 2,0152, 2,0057, 2,0020 http://img165.imageshack.us/img165/1...ailywg7.th.gif


Ascending movement is kept. If закрепимся behind a level 2,0304, the purposes above 2,0349, 2,0421, 2,0538. If we shall be fixed under 2,0232. That the purposes below 2,0187, 2,0160, 2,0137.
http://img165.imageshack.us/img165/1176/gbph4kr9.th.gif


Ascending movement is kept. The purposes above 2,0293, 2,0336, 2,0405. If we shall go downwards, the purposes below 2,0224, 2,0181, 2,0155. If we shall be fixed under 2,0155 it is possible to speak about the beginning of descending movement on Н1.
http://img165.imageshack.us/img165/1769/gbph1kf6.th.gif
  • #29,640
  • Sep 9, 2007 6:12am Sep 9, 2007 6:12am
Quoting khalidamassi
Hi everyone :
so what do you think gold way now , I sold it by 695 , what do you advise me ?????
ok. let me try,....I had a long position in Anglogold Ashanti,...the african largets producers, i sold it on friday at 11.22% plus...i dont think that it will go directly up o 44-45 with no profit taking, so i decided to close it, it also moves almost 88% corelated with gold moves...so for me its going to be small profit talking before next bull attack, i think...hope this helps...if u see profit, a.) protect it, b.) use SL in any case....hope ths helps...
its just money
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