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Cable Update (GBPUSD)

  • #34,701
  • Oct 9, 2007 12:08pm Oct 9, 2007 12:08pm
Quoting DutchTrader
I'm still Gary Coleman on Gbp
I am not sure. The big move a few hrs ago broke the downward resistence line (on the 1hr chart), and it it currently still "out" of the line as we speak.

Now it is playing on the 61.8% Fibo, not knowing where to go.

As of now, the 62ema and the 50% Fibo meet precisely. I say that if price goes up a little bit and reaches these two, then it will go long from there.

Also the FOMC minutes are likely to be US -ve since they will not include the recente +ve payroll, so most likely people will dump the dollar once again.

But then again, who really knows.....
"Lunch ? Lunch Is For Wimps !"
  • #34,702
  • Oct 9, 2007 12:11pm Oct 9, 2007 12:11pm
Quoting Bubloo
hello bullrock,

will u please share your trading strategy??? i am trading since 1 year and have always loss the worst thign iz that i didnt hav any widrawal in 1 year!!!!! will u please help me i hav lost enough money in this market

sorry to interrupt, but when u know u have been losing why the heck on earth r u playing with real money ? play game/practice account, once u've been making money for 3 months or more on regular basis, switch to real a/c with real money
Hello World!
  • #34,703
  • Oct 9, 2007 12:18pm Oct 9, 2007 12:18pm
Quoting bullrock
I am not familiar with the fibs very much and I am not using in my trading sorry.. All I know: trendlines... Thats it.
do you look for trend line break outs or just buy positions at trend lines?
  • #34,704
  • Oct 9, 2007 12:21pm Oct 9, 2007 12:21pm
Quoting MrFuture
I am not sure. The big move a few hrs ago broke the downward resistence line (on the 1hr chart), and it it currently still "out" of the line as we speak.

Now it is playing on the 61.8% Fibo, not knowing where to go.

As of now, the 62ema and the 50% Fibo meet precisely. I say that if price goes up a little bit and reaches these two, then it will go long from there.

Also the FOMC minutes are likely to be US -ve since they will not include the recente +ve payroll, so most likely people will dump the dollar once again.

But then again, who really knows.....
I'm speaking on Gbp/Jpy
Patience + Humility + Study = Success
  • #34,705
  • Oct 9, 2007 12:25pm Oct 9, 2007 12:25pm
Fibos changed my trading. I always refused to learn them, but then I decided to give it a try and it is simply AMAZING how many people follow them, inevitably influencing price action.

Trust me, give it a try and you'll never go back. I also use trendlines for support and resistence and use them to create channels.

Oh and btw, I use 1hr charts....GBPUSD only....of course I check the daily to see the major trend.
"Lunch ? Lunch Is For Wimps !"
  • #34,706
  • Oct 9, 2007 12:31pm Oct 9, 2007 12:31pm
Quoting MrFuture
Fibos changed my trading. I always refused to learn them, but then I decided to give it a try and it is simply AMAZING how many people follow them, inevitably influencing price action.

Trust me, give it a try and you'll never go back. I also use trendlines for support and resistence and use them to create channels.

Oh and btw, I use 1hr charts....GBPUSD only....of course I check the daily to see the major trend.
Look I have a completely different trading methodology. The trendlines serve me as a guidance. Otherwise I am trading using probability calculations. All this BS is just 5% of my trading. The strengths comes from the application 3-4 different non-correlated models, dynamic money management and currency correlation analysis... So to speak.
.
  • #34,707
  • Oct 9, 2007 12:37pm Oct 9, 2007 12:37pm
Quoting Bubloo
hello bullrock,

will u please share your trading strategy??? i am trading since 1 year and have always loss the worst thign iz that i didnt hav any widrawal in 1 year!!!!! will u please help me i hav lost enough money in this market
You need to understand what is money management, discipline, patience, system and so on. First try to backtest/learn on demo account for at least 6 months. When you are confident you can go live. There is no point to tell you my system for a couple of reasons.

1. It would take ages.
2. You might not understand it fully
3. It wont suit your personality, thus you wont accept it, thus you would constantly vioalte it, thus wouldnt work for you and you would say this is crap.
.
  • #34,708
  • Oct 9, 2007 12:37pm Oct 9, 2007 12:37pm
Somebody woke up from the wrong side of the bed.....
"Lunch ? Lunch Is For Wimps !"
  • #34,709
  • Oct 9, 2007 12:39pm Oct 9, 2007 12:39pm
Quoting Bubloo
hello bullrock,

will u please share your trading strategy??? i am trading since 1 year and have always loss the worst thign iz that i didnt hav any widrawal in 1 year!!!!! will u please help me i hav lost enough money in this market
Even if I would be the most profitable FX trader ever I wouldnt withdraw for at least 5 years, because withdrawal = drawdawn (loss). That would give me less eggs to throw onto the currency market bitch.
.
  • #34,710
  • Oct 9, 2007 12:40pm Oct 9, 2007 12:40pm
Quoting ClockTrader
sorry to interrupt, but when u know u have been losing why the heck on earth r u playing with real money ? play game/practice account, once u've been making money for 3 months or more on regular basis, switch to real a/c with real money

yah man i am playing with real money man i dont hav nay system to trade wil u please tell me any system on which u r trading
  • #34,711
  • Oct 9, 2007 12:41pm Oct 9, 2007 12:41pm
Quoting MrFuture
Somebody woke up from the wrong side of the bed.....
I told someone he wouldn't understand = no point even to mention or to speak about it. I think that is the same for many people here. Plus I do not want to reveal all the details. Have fun
.
  • #34,712
  • Oct 9, 2007 12:42pm Oct 9, 2007 12:42pm
*Fed's Poole: Financial Markets `Still Fragile'
*Fed Poole: Real Estate Downturn `More Severe' Than Expected
*Fed Poole: Real Estate Issues Confined To Residential Sector
*Fed Poole: Housing To Remain Weak For Several More Quarters
*Fed's Poole: Housing May Not Stabilize Until Well Into 2008
Fed's Poole: Financial Markets `Still Fragile'

Fed's Poole says that financial markets are "still fragile" from August's turbulence, but look to be stabilizing. Poole also says that the September payrolls report does not suggest downside risks to growth. Poole, a voting FOMC member, added that recent events suggest housing will remain weak for several more quarters. The central banker was speaking in St. Louis, with his prepared remarks centering on the real estate sector.
  • #34,713
  • Oct 9, 2007 12:42pm Oct 9, 2007 12:42pm
Quoting Bubloo
yah man i am playing with real money man i dont hav nay system to trade wil u please tell me any system on which u r trading
Ok check my thread. It is dead because I did not care to keep it alive but there a couple of thoughts.. I have to go my family is waiting... If you have questions I will answer later.
.
  • #34,714
  • Oct 9, 2007 12:45pm Oct 9, 2007 12:45pm
GU will be 1.9800 to day, after break 2.0150-2.0130
  • #34,715
  • Oct 9, 2007 12:46pm Oct 9, 2007 12:46pm
Quoting Bubloo
yah man i am playing with real money man i dont hav nay system to trade wil u please tell me any system on which u r trading
dude.. forget trading.. you will just lose your money.. Practice on demo..
  • #34,716
  • Oct 9, 2007 12:46pm Oct 9, 2007 12:46pm
Quoting Bubloo
yah man i am playing with real money man i dont hav nay system to trade wil u please tell me any system on which u r trading
MONEY MANAGEMENT/POSITION MANAGEMENT
MONEY MANAGEMENT/POSITION MANAGEMENT
MONEY MANAGEMENT/POSITION MANAGEMENT
MONEY MANAGEMENT/POSITION MANAGEMENT
MONEY MANAGEMENT/POSITION MANAGEMENT
MONEY MANAGEMENT/POSITION MANAGEMENT
MONEY MANAGEMENT/POSITION MANAGEMENT

The exit is much more imprtant than the entry. Check SIBKIS (google for it). Then TKIMBLE (He is a member) He has good stuff. Check Jackos threads. I will give you the links later. I have to go.
.
  • #34,717
  • Oct 9, 2007 12:47pm Oct 9, 2007 12:47pm
Quoting goliath
GU will be 1.9800 to day, after break 2.0150-2.0130
Yeah right
.
  • #34,718
  • Oct 9, 2007 12:49pm Oct 9, 2007 12:49pm
Quoting benssol
*Fed's Poole: Financial Markets `Still Fragile'
*Fed Poole: Real Estate Downturn `More Severe' Than Expected
*Fed Poole: Real Estate Issues Confined To Residential Sector
*Fed Poole: Housing To Remain Weak For Several More Quarters
*Fed's Poole: Housing May Not Stabilize Until Well Into 2008
Fed's Poole: Financial Markets `Still Fragile'

Fed's Poole says that financial markets are "still fragile" from August's turbulence, but look to be stabilizing. Poole also says that the September payrolls report does not suggest downside risks to growth. Poole, a voting FOMC member, added that recent events suggest housing will remain weak for several more quarters. The central banker was speaking in St. Louis, with his prepared remarks centering on the real estate sector.


Dow Jones threading water after +40 gains in the morning.

On Cable and euro, I really didn't see that push up coming so fast and so strong. However, both are frozen at their descending trendline in the 4HR. Freaking juicy price to short, but I´m going to give it a time.
  • #34,719
  • Oct 9, 2007 12:52pm Oct 9, 2007 12:52pm
Quoting goliath
GU will be 1.9800 to day, after break 2.0150-2.0130
Ok, message sent to our mascot... But Kicking Bear coughed the crap out of the peace pipe we were on.... Good stuff by the way... He would send Colombia to bankruptcy in 6 months

http://www.pbs.org/weta/thewest/reso...80/kicking.gif
  • #34,720
  • Oct 9, 2007 12:53pm Oct 9, 2007 12:53pm
Quoting peterM
dude.. forget trading.. you will just lose your money.. Practice on demo..
yah dude

i think so that i hav to foget trading!!!!!!!
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