Trading this pair has been very frustrating lately for me. It just moves without any determination....lots of false signals...it sucks !
"Lunch ? Lunch Is For Wimps !"
Cable Update (GBPUSD)
- #49,722
- Jan 15, 2008 6:33pm Jan 15, 2008 6:33pm
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
I have never read a book on fibs(I learned the basics from my broker's website), but I would imagine that anybook would be good, if its free, even better. Its like algebra, any math book would teach you algebra, a free one would be even better. I guess what Im trying to say is that, you can't change the theory, it always there. If I do come across any, I wont hesitate to think of you. All the best.
Jamie.
However, I am having positive results (up 5.5% this my first week)but I am going to be in this business for the long term. It seems that anyone who is anyone on this forum trades according to price action, fibs and s/r. I do use s/r with the moving averages. My eyes get tired after a while at the screen and I would be receptive to any suggestions from any of the great traders here for printed info on pa, s/r and fibs. Then again, I could probably just print out the james16 thread. with respect,
KissFan
- #49,724
- Jan 15, 2008 9:27pm Jan 15, 2008 9:27pm
- Joined Sep 2006 | Status: Trader | 2,163 Posts
"Invest With The Insiders, Not The Masses"
George Muzea
- #49,726
- Jan 15, 2008 9:39pm Jan 15, 2008 9:39pm
- Joined Sep 2006 | Status: Trader | 2,163 Posts
"Invest With The Insiders, Not The Masses"
George Muzea
- #49,727
- Jan 15, 2008 10:13pm Jan 15, 2008 10:13pm
I have create a chart room for Cable Update.
You can join us here http://www.cableupdate.fxniaga.com
I enjoy reading it
Carpe Divitiae
- #49,729
- Jan 15, 2008 11:13pm Jan 15, 2008 11:13pm
- Joined Sep 2006 | Status: Trader | 2,163 Posts
waiting cable to test 1.9480 today...
"Invest With The Insiders, Not The Masses"
George Muzea
- #49,733
- Jan 15, 2008 11:55pm Jan 15, 2008 11:55pm
- Joined Apr 2007 | Status: USF Statistics | 2,248 Posts
waiting cable to test 1.9480 today...
- #49,734
- Jan 16, 2008 12:05am Jan 16, 2008 12:05am
- | Joined Aug 2007 | Status: Air Raider | 895 Posts
you use alot of indicators, dont you? indicators are a very good way of telling you what has happened in the past, but unfortunately they dont tell you what will happen in the future. Price action attemps to do this, and it is not a lagging indicator. The only real time "indicators" are price action and support resistance, together with fibs. This is all that you should need, hope it helps your trading..........
What do you mean by "price action", trendline? I do look at support and resistance for entry and exit positions. Thanks for your comments, learning everyday!
