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Cable Update (GBPUSD)

  • #55,261
  • Feb 21, 2008 2:36pm Feb 21, 2008 2:36pm
Quoting karmostaji
Do you trade based on what other's think?
a second opinion wouldnt hurt. it would be gr8 to hear ur assessment.(still on demo) so i need all the opinions i could get.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,262
  • Feb 21, 2008 2:36pm Feb 21, 2008 2:36pm
Quoting salah k.
any1 think its correction might hit 9540(61.8 fibo level)????????????
no bro i think it will be between 1.9590-1.9575. at least that what i c in my system.
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #55,263
  • Feb 21, 2008 2:39pm Feb 21, 2008 2:39pm
Quoting got pips?
no bro i think it will be between 1.9590-1.9575. at least that what i c in my system.
could i know what indicators ur using and which timeframe? if thats ok
i understand if u dont want to share.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,264
  • Feb 21, 2008 2:40pm Feb 21, 2008 2:40pm
Man is this resistance gonna hold or what?

I'm tempted to short this.
  • #55,265
  • Feb 21, 2008 2:43pm Feb 21, 2008 2:43pm
I use the daily, 4hr, 30min timeframes with fibs. and pivots. NO LAGGING INDICATORS...........NONE!!! I dont care if I share my system, theres more than enough money to go around, TWICE!!!

  • #55,266
  • Feb 21, 2008 2:45pm Feb 21, 2008 2:45pm
Quoting forexmoments
Man is this resistance gonna hold or what?

I'm tempted to short this.
I think we are going to go down a bit..cable has moved a lot of pips today..likely to retrace a bit and continue upwards tomorrow..(me thinks)
  • #55,267
  • Feb 21, 2008 2:47pm Feb 21, 2008 2:47pm
Quoting forexmoments
Man is this resistance gonna hold or what?

I'm tempted to short this.
Surely it can t hold again, its got to break this time
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #55,268
  • Feb 21, 2008 2:48pm Feb 21, 2008 2:48pm
Quoting AmeriTrini
I use the daily, 4hr, 30min timeframes with fibs. and pivots. NO LAGGING INDICATORS...........NONE!!! I dont care if I share my system, theres more than enough money to go around, TWICE!!!

your a real trader..no need for indicators if u know what yur doing
  • #55,269
  • Feb 21, 2008 2:48pm Feb 21, 2008 2:48pm
Quoting salah k.
could i know what indicators ur using and which timeframe? if thats ok
i understand if u dont want to share.
thats cool i keep simple give me a sec
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #55,270
  • Edited 2:54pm Feb 21, 2008 2:53pm | Edited 2:54pm
Quoting salah k.
could i know what indicators ur using and which timeframe? if thats ok
i understand if u dont want to share.

4H CANDLESTICK CHART

5EMA
40SIMPLE MA CLOSE
70 & 80 EMA
280&300EMA
PLUS A STOCH 10, 3, 3 OR WHAT EVER YOU LIKE
CHECK IT OUT...YOU COULD DESIGN YOUR OWN SYSTEM THE PROBLEM IS STICKING TO IT AND FOLLOWING THE RULES....BUT SHIT...IT PHUCKING PAYS OFF IN THE LONG RUN....
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #55,271
  • Feb 21, 2008 2:53pm Feb 21, 2008 2:53pm
Quoting got pips?
thats cool i keep simple give me a sec
The correction I think will be bottomed at 1.9582 or around.
I have a weekly fibo there.
.
  • #55,272
  • Feb 21, 2008 2:54pm Feb 21, 2008 2:54pm
Quoting Bones
Surely it can t hold again, its got to break this time

It will break, we might see a little retrace before that happens though, IMO.
  • #55,273
  • Feb 21, 2008 2:57pm Feb 21, 2008 2:57pm
Quoting jimo
for small profits 9550
hit it and now i am waiting for short again...
  • #55,274
  • Feb 21, 2008 2:58pm Feb 21, 2008 2:58pm
Quoting salah k.
a second opinion wouldnt hurt. it would be gr8 to hear ur assessment.(still on demo) so i need all the opinions i could get.
You should do more technical analysis rather than listening to other's opinions, trade what YOU see on YOUR chart.
Trade what you see, not what you think.
  • #55,275
  • Feb 21, 2008 2:58pm Feb 21, 2008 2:58pm
Quoting got pips?
4H CANDLESTICK CHART

5EMA
40SIMPLE MA CLOSE
70 & 80 EMA
280&300EMA
PLUS A STOCH 10, 3, 3 OR WHAT EVER YOU LIKE
CHECK IT OUT...YOU COULD DESIGN YOUR OWN SYSTEM THE PROBLEM IS STICKING TO IT AND FOLLOWING THE RULES....BUT SHIT...IT PHUCKING PAYS OFF IN THE LONG RUN....
thnx a lot.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,276
  • Feb 21, 2008 2:58pm Feb 21, 2008 2:58pm
Quoting bullrock
The correction I think will be bottomed at 1.9582 or around.
I have a weekly fibo there.
yeah im thinking the same...
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #55,277
  • Feb 21, 2008 3:01pm Feb 21, 2008 3:01pm
Quoting karmostaji
You should do more technical analysis rather than listening to other's opinions, trade what YOU see on YOUR chart.
This guy doesn't want to learn how to fish, he wants to eat the fish though.

  • #55,278
  • Feb 21, 2008 3:01pm Feb 21, 2008 3:01pm
Quoting got pips?
4H CANDLESTICK CHART

5EMA
40SIMPLE MA CLOSE
70 & 80 EMA
280&300EMA
PLUS A STOCH 10, 3, 3 OR WHAT EVER YOU LIKE
CHECK IT OUT...YOU COULD DESIGN YOUR OWN SYSTEM THE PROBLEM IS STICKING TO IT AND FOLLOWING THE RULES....BUT SHIT...IT PHUCKING PAYS OFF IN THE LONG RUN....
my story cut short. it started 3 years ago but i phking didnt care. system? what system? i was trading and trying out new methodologies at the same time with real money/ Totally phuked my accounts three times. today I make more than ever before but my method evolved WHILE I WAS TRADING. continually cpntinuously evolving and evolved while I was trading. DOING IT and HAVING a tremendous SCREEN TIME and PRACTICE is the key. I havent done such things as design->test (6 months)-> trade with real money. I have just jumped in the middle.... Perhaps not the best way but i learned on the way the hard way.
.
  • #55,279
  • Feb 21, 2008 3:08pm Feb 21, 2008 3:08pm
Quoting bullrock
my story cut short. it started 3 years ago but i phking didnt care. system? what system? i was trading and trying out new methodologies at the same time with real money/ Totally phuked my accounts three times. today I make more than ever before but my method evolved WHILE I WAS TRADING. continually cpntinuously evolving and evolved while I was trading. DOING IT and HAVING a tremendous SCREEN TIME and PRACTICE is the key. I havent done such things as design->test (6 months)-> trade with real money. I have just jumped in the middle.... Perhaps not the best way but i learned on the way the hard way.

yeah i started myself a while ago. joined the army and now im stuck in iraq...i trade when ever i get a chance. i dont like to leave trades set up to trade...i like being in front of my computer and enter or exit a trade....but i got 1 more year to go on my contract then i will be out......yeahhhhhhhhh
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #55,280
  • Feb 21, 2008 3:08pm Feb 21, 2008 3:08pm
Quoting Bones
Well done Mikey,you did good man,even though you never had much sleep,lol
Thanks bones your the only one that stook by bro.

I shorted now at the top, she is currently at a Res level around the 9630's level, i believe she will at least retrace to the 38% Fib line if not the 50% by tomorrow or the sunday close. if all indications are correct, i think we might see a break through this Daily TL and she might start heading twards the 2.xxx's would anyone like a picture of this indication? and does anyone disagree or agree? i would love the input. Remeber, IAM short at the moment regarding the Daily TL and the monthly as well, break up may change alot of stories. happy trading fellow traders.

And again, thanks Bones, i owe you a drink next time im in the UK
And your mouth dropped
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