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Cable Update (GBPUSD)

  • #51,061
  • Jan 25, 2008 7:31am Jan 25, 2008 7:31am
Quoting Appache
Are u sure about that? I'm still learning.. My opinion, the cable will go north.
Can u share ur chart analysis..
what you mean to share my charts? To show you how I ended up on this conclusion you mean?
  • #51,062
  • Jan 25, 2008 7:31am Jan 25, 2008 7:31am
Quoting Appache
Are u sure about that? I'm still learning.. My opinion, the cable will go north.
Can u share ur chart analysis..
read my analysis.....1.9850 is a break in trend line to go long at the moment we have broke out of a channel and are heading toward a resistance area 1.9850 if it break out of this line its likely a passport to go north for a while

read my analysis back a page or 2
  • #51,063
  • Jan 25, 2008 7:33am Jan 25, 2008 7:33am
[quote=Appache;1820567]
Quoting nAVIN2007
i find the 15 minute time frame only really

Just want to know.. Are trade in demo??
What about your analysis.. cable will go north or south??
demo ...but dont take my word for it!!!!...im learning
  • #51,064
  • Jan 25, 2008 7:33am Jan 25, 2008 7:33am
Quoting OrionsWay
near by 240 and day sup res
what's the name of the indicators/system you use? Look more myserious than pyramids?
  • #51,065
  • Jan 25, 2008 7:35am Jan 25, 2008 7:35am
i dont think it will break 9850

if break then LONG for up coming week but i am still prefering we are
downside way 1.8700 we are going there
80% chances goes DOWNSIDE and 20% chances can go up
  • #51,066
  • Jan 25, 2008 7:36am Jan 25, 2008 7:36am
Quoting OrionsWay
near by 240 and day sup res
now u are what i call a chartist ...thats some good shit u have there
  • #51,067
  • Jan 25, 2008 7:42am Jan 25, 2008 7:42am
Quoting Designer1
i dont think it will break 9850

if break then LONG for up coming week but i am still prefering we are
downside way 1.8700 we are going there
80% chances goes DOWNSIDE and 20% chances can go up
----------------------------------------

5% to go down and 95% to go up
  • #51,068
  • Jan 25, 2008 7:49am Jan 25, 2008 7:49am
the market is tired bulls are taking red bull and then gonna charge the gate...lol
  • #51,069
  • Jan 25, 2008 7:57am Jan 25, 2008 7:57am
Quoting Designer1
i dont think it will break 9850

if break then LONG for up coming week but i am still prefering we are
downside way 1.8700 we are going there
80% chances goes DOWNSIDE and 20% chances can go up
designer,

I do not know what kind of analysis you do but try to keep it simple.

Ichimoku kinko hyo mountain down, 15 m. resistance level is broken, trend is up, interest rates of $ lowered by 0.75.. what else you want to realize that price is up?

study more and more and more till you become master.
Attached Image (click to enlarge)
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  • #51,070
  • Jan 25, 2008 7:58am Jan 25, 2008 7:58am
Quoting Designer1
i dont think it will break 9850

if break then LONG for up coming week but i am still prefering we are
downside way 1.8700 we are going there
80% chances goes DOWNSIDE and 20% chances can go up
Do you base this on charts or the broad economic picture (fundamentals) ?

If fundamentals, what positives do you see in the US economy versus UK ?

If charts, then what indicators say collapse to 1.87 ?

I have been watching this forum for a couple of weeks now where the majority had convinced themselves that 1.82 was on the way. A lot of people must have lost a lot on their shorts... a heck of a lot

The absence of 'wey hey I am now fabulously rich' style of posts tells me that

Any time something becomes a 'certainty' is the time I bale out.
  • #51,071
  • Jan 25, 2008 8:33am Jan 25, 2008 8:33am
i dont wanna speak to soon ..but trading from a dily chart looks to me the way to go...if these goes right im converted!!!!!!!!!
let the pips show themselves.....
  • #51,072
  • Jan 25, 2008 8:57am Jan 25, 2008 8:57am
Quoting nAVIN2007
i dont wanna speak to soon ..but trading from a dily chart looks to me the way to go...if these goes right im converted!!!!!!!!!
let the pips show themselves.....
Its what I am doing but you have to be prepared to see 200 pip losses on any particular day and keep the faith..so long as you judge the days news to be overtraded then you can hold fast

That means trading well within your comfort zone for inter day losses

That means accepting smaller profits on your 7/10 day runs...

We all want to put the minimum into our trading accounts and be totally right and get a zillion % return - but we under capitalise our accounts and over egg our positions and thats when we dump em at a loss at the first sign of a dip

Too greedy and too bold and too full of fear.

I notch it back to where I can shrug off inter day losses

There are old pilots and there are bold pilots - but there are no old, bold pilots. (quote frank spencer)
  • #51,073
  • Jan 25, 2008 9:11am Jan 25, 2008 9:11am
Quoting allserene


There are old pilots and there are bold pilots - but there are no old, bold pilots. (quote frank spencer)
thats the problem the stoploss is miles away..if it goes back i will have no choice but trade the whole week just to recover, but it seems going with the trend over long term definetely pays and scalping produce losses.
  • #51,074
  • Jan 25, 2008 9:17am Jan 25, 2008 9:17am
Quoting Designer1
stoch is 90% accurate

also not only stochastick but trendline - FIBO all things showing it wont go up for now -

DOWN CABLE DOWN!
this is why stochastick can be very dangerous...if we had a doji or reversal signal with the overbought then yes i could agree with going south but still we never know...u could be right!!!! as it hasnt broken though yet

not sure if yur trading the eur....u can see stot on 4hr being neutralized means £ favoring moving through
  • #51,075
  • Jan 25, 2008 10:15am Jan 25, 2008 10:15am
Quoting forexguru
designer,

I do not know what kind of analysis you do but try to keep it simple.

Ichimoku kinko hyo mountain down, 15 m. resistance level is broken, trend is up, interest rates of $ lowered by 0.75.. what else you want to realize that price is up?

study more and more and more till you become master.
forexguru couldnt agree more

i'm long with stop 9780 and tgt 9900 for starters

where do you have your stop/tgt? cheers
  • #51,076
  • Jan 25, 2008 10:30am Jan 25, 2008 10:30am
Quoting tomaz55
forexguru couldnt agree more

i'm long with stop 9780 and tgt 9900 for starters

where do you have your stop/tgt? cheers
97.80 is where I would have my stop if i had one - it is a totally logical place to have it - that's why the evil doers who wag this market will whizz down to the levels where we set our stops and ding em - and then go back up laughing their mean socks off

I tend to ride bareback nowadays - especially where there is no scheduled big news around...

As long as my positions are not too big then i reckon i can get away with it...

After all, if it fell to 97.20 we would buy wouldnt we ?
  • #51,077
  • Jan 25, 2008 10:44am Jan 25, 2008 10:44am
Quoting tomaz55
forexguru couldnt agree more

i'm long with stop 9780 and tgt 9900 for starters

where do you have your stop/tgt? cheers
I do not have a stop loss in this trade and will leave it open as might get stop out on Sunday, price will go up in the end and I will not probably close before 2.000
  • #51,078
  • Jan 25, 2008 10:50am Jan 25, 2008 10:50am
could go up could go down.

but its safe zone for bears in short term.
if anyone knows whats the martingale method, nice time to apply it.
doing it. with a minilot short at [email protected]
  • #51,079
  • Jan 25, 2008 10:56am Jan 25, 2008 10:56am
Quoting tomaz55
forexguru couldnt agree more

i'm long with stop 9780 and tgt 9900 for starters

where do you have your stop/tgt? cheers
-----------

now you know why did not put stop loss in this trade.. there are idiot guys with billions in hand ready to eat your stop loss, do not use them if you do not have to
  • #51,080
  • Jan 25, 2008 10:58am Jan 25, 2008 10:58am
Quoting forexguru
-----------

now you know why did not put stop loss in this trade.. there are idiot guys with billions in hand ready to eat your stop loss, do not use them if you do not have to
agree, stop are for noobs, put mental safe zones, and trading strategy to work. better to use Martingale.
this week tried to use sls to know many of them were hit, and most of the time i was right on the trade.

so they should have not been losses, stop hunting is being a massive problem in forex, so beware.

there is a topic just few days ago by 1k traders where they explain this method. probably is the most close to beat the system, if you know how to use it and the risks it brings.
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