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Cable Update (GBPUSD)

  • #29,941
  • Sep 11, 2007 5:30am Sep 11, 2007 5:30am
Dollar biased down across the board. Oil up on "saboteurs that blew up a pipeline in Mexico" - de123???????????

Dow futures up and headlines - so far - have it "cut sentiment" picking up

Trichet a coming, but I don't think he'll be a mover. Bernanke a coming, but I don't think he won't B.S.
  • #29,942
  • Sep 11, 2007 5:39am Sep 11, 2007 5:39am
yeah, and my bank stocks finally getting the push 2,..thanks to 7.5b credit taken in summer month...its again aaa+, no more fff -.... ...recesion with democrats partly on power, kiss my ass...that kind a thing...:
its just money
  • #29,943
  • Sep 11, 2007 5:40am Sep 11, 2007 5:40am
i would jump on the up trend when my system gives me a clear go ahead
If I Go Broke Trying Then I Will die happy.
  • #29,944
  • Sep 11, 2007 5:40am Sep 11, 2007 5:40am
Quoting Moe
2,0276. GBP USD is in an uptrend which support is 2,0100 and resistance is 2,0315. The price is just bellow 2,0315 resistance. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H is in a bullish configuration. The uptrend should continue to gather momentum. The price should find a resistance below 2,0315. If the resistance is broken then the target will be 2,0500. We won't take a position. The risk/reward ratio is too high to take a position..
Moe:
May I ask what time frame did you based those numbers on?
  • #29,945
  • Sep 11, 2007 5:45am Sep 11, 2007 5:45am
Quoting pacman962
Moe:
May I ask what time frame did you based those numbers on?
4,8,12,16,20,24 system scans market gives signal. complicated i know.
If I Go Broke Trying Then I Will die happy.
  • #29,946
  • Sep 11, 2007 5:50am Sep 11, 2007 5:50am
it gives me a up or down trend, support and resistance price let me know if volatility is high or low,and a entry price and exit price. also a trade risk level
If I Go Broke Trying Then I Will die happy.
  • #29,947
  • Sep 11, 2007 5:59am Sep 11, 2007 5:59am
While you guys wait, cable has put 90 pips day already, euro +50.

Buy pullbacks and take your chances. There are no sure-fire trade or risk-free systems....

And we'd better enjoy what European session is giving away, coz US session has been confusing
  • #29,948
  • Sep 11, 2007 6:05am Sep 11, 2007 6:05am
Quoting cesarnc
While you guys wait, cable has put 90 pips day already, euro +50.

Buy pullbacks and take your chances. There are no sure-fire trade or risk-free systems....

And we'd better enjoy what European session is giving away, coz US session has been confusing
Thank you both, cesarnc and Moe.
  • #29,949
  • Sep 11, 2007 6:15am Sep 11, 2007 6:15am
Quoting cesarnc
While you guys wait, cable has put 90 pips day already, euro +50.

Buy pullbacks and take your chances. There are no sure-fire trade or risk-free systems....

And we'd better enjoy what European session is giving away, coz US session has been confusing
sounds like you jump off the north train.
If I Go Broke Trying Then I Will die happy.
  • #29,950
  • Sep 11, 2007 6:18am Sep 11, 2007 6:18am
pino2 you should be sitting in some nice profit.
If I Go Broke Trying Then I Will die happy.
  • #29,951
  • Sep 11, 2007 6:23am Sep 11, 2007 6:23am
Quoting Moe
sounds like you jump off the north train.
I've been saying this here. During those tough days, I decided to trade in one direction only. I picked "up", but those picking "down" could be as profitable.

So the bounce off 0233 + fade off the news, got me in long.

But I won't think twice to TP the whole position at first sign of B.S. taking over. Then I'll wait for the next window..

RMK: I picked long just because it's inline with the prevailing trend. Betting that sometime the trend will resume and I'll be catapulted sky high. While it doesn't happen, I go eating the crumbs.
  • #29,952
  • Sep 11, 2007 6:24am Sep 11, 2007 6:24am
Quote
when my system gives me a clear go ahead

I totally agree with you RR is too high to go long from here

Quote
pino2 you should be sitting in some nice profit.

not sure of pino2, but for sure cesar is
Hello World!
  • #29,953
  • Sep 11, 2007 6:24am Sep 11, 2007 6:24am
i still believe we breaking 0315 today
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #29,954
  • Sep 11, 2007 6:30am Sep 11, 2007 6:30am
Quote
i still believe we breaking 0315 today

this has been broken twice(2 bars) today on 1H chart

in fact in the last 2 hrs ;-)
Hello World!
  • #29,955
  • Sep 11, 2007 6:36am Sep 11, 2007 6:36am
Quoting cesarnc
I've been saying this here. During those tough days, I decided to trade in one direction only. I picked "up", but those picking "down" could be as profitable.

So the bounce off 0233 + fade off the news, got me in long.

But I won't think twice to TP the whole position at first sign of B.S. taking over. Then I'll wait for the next window..

RMK: I picked long just because it's inline with the prevailing trend. Betting that sometime the trend will resume and I'll be catapulted sky high. While it doesn't happen, I go eating the crumbs.
i hear you on that, my a*s is on the side line untill all the b.s. clear up, need my boots to get thru it.
If I Go Broke Trying Then I Will die happy.
  • #29,956
  • Sep 11, 2007 6:43am Sep 11, 2007 6:43am
Quoting Moe
i hear you on that, my a*s is on the side line untill all the b.s. clear up, need my boots to get thru it.
Cable is a bitch to trade lately. I'm just not out of the market because euro is trading in a fair way.

The good about euro is that when it has a bias, it remains biased. Not like cable that traded 100 pips off its high yesterday making you lose sense of its bias.

Euro's downside is that it's less volatile, so I increase the size severely. In the end of the day, you can get more from euro with 30 - 40 steadly pips than from cable's swings...

Just waiting for euro to trade the previous high 3850s to TP partial and see what's next. May Trichet help
  • #29,957
  • Sep 11, 2007 6:45am Sep 11, 2007 6:45am
Quoting ClockTrader
this has been broken twice(2 bars) today on 1H chart

in fact in the last 2 hrs ;-)
sorry dude i meant 0325 lol....
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #29,958
  • Sep 11, 2007 6:47am Sep 11, 2007 6:47am
Hi there, i've been closely watching this thread everyday for about 3-4 months now and haven't really said much. It's very interesting reading various trades being done all day.

I've been following a simple system at the moment, but i can't seem to make it work in 2005 and mid 2006, is it because of the low volatility in that year(s)?

Any help would be appreciated.

metro
  • #29,959
  • Sep 11, 2007 6:56am Sep 11, 2007 6:56am
So today the B.S. starts at 9am - 12pm est, with our favorite speakers Trichet and Bernanke.....what a way to start off 9/11.........

I'm on the sidelines until after....gonna take a nap...
  • #29,960
  • Sep 11, 2007 7:01am Sep 11, 2007 7:01am
Quoting metro
Hi there, i've been closely watching this thread everyday for about 3-4 months now and haven't really said much. It's very interesting reading various trades being done all day.

I've been following a simple system at the moment, but i can't seem to make it work in 2005 and mid 2006, is it because of the low volatility in that year(s)?

Any help would be appreciated.

metro

why would you want to test your system back so far.....why dont you try this simple system ...when i was biggining my trading i made a shit load of cash with it.....

try plugging a 150,170...200...300...and a 8ema....yeah they all are emas....closed...

plug a horrizontal line at every 25 points on the gbp/usd....on a 5 min chart....now the trick is to study the chart very well and based on your trading habits...place your trade...lets say you sell at 300 take a sl of 10 to 15 pips but aim towards 50+ pips...or enter on touch of emas...specially 200 or 300//////
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
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