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Cable Update (GBPUSD)

  • #57,081
  • Mar 4, 2008 12:03pm Mar 4, 2008 12:03pm
Quoting Carrera
If my order is not triggered and price goes above leg D, then the Gartley pattern is invalid and I take a trade on the break out of the range for 100 pips until the X to C 127% fibo for TP. At that point my Gartley becames a Buttlerfly and I place a sell pending order bellow the 23% fibo from leg C to D, with TP at 61% retracement. If not triggered again, well 161% my next target TP area and the cicle repeat again, selling bellow the 23% of leg C-D.

Let's see.
even you already have your direction.
But you still give attention and space if the direction turn to other side...
nice plan Carrera...
Never Give Up.....
  • #57,082
  • Mar 4, 2008 12:37pm Mar 4, 2008 12:37pm
Quoting salah k.
im all for downtrend but lets not forget benny today. he might trash the dollar again so if u have shorts its probably best if u close them be4 he starts talking.
i wonder if we he will have anymore rates to cut by the end of may.
lol.... it didnt budge
And your mouth dropped
  • #57,083
  • Mar 4, 2008 12:46pm Mar 4, 2008 12:46pm
Quoting lessy
even you already have your direction.
But you still give attention and space if the direction turn to other side...
nice plan Carrera...
lessy hows the trading going buddy ....?
  • #57,084
  • Mar 4, 2008 1:19pm Mar 4, 2008 1:19pm
Quoting Abuawad
04-03-2008
from 1.9860 to 1.9881 , +21 pip. Two time today = +42 pip
i'm out
  • #57,085
  • Mar 4, 2008 1:56pm Mar 4, 2008 1:56pm
damn when we going to find a new trend i miss trading this pair. oh well i guess killing the usd/jpy will do for now....lol...happy tradings...
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #57,086
  • Mar 4, 2008 2:19pm Mar 4, 2008 2:19pm
Quoting Carrera
I'm not worry about direction. As you can see, I use triggers orders so If price goes the other way, nothing happens. But if my order is triggered, then I have to stick with my trading plan and thats called dicipline my friend.

Also my MM is very good to me. Never trade without it, just my advice.

Take care nAVIN and go live only if you feel you are ready, don't let anyone to push you into that without proper proparation.

Have a good trading plan.
Have a good strategy.
Have a good dicipline.
Have a good MM. Spread sheet is very good.
And have sucess trading and enjoy life.

Damn, I sound like a father, imao.
good advise ,on more of a matter on your account when you go live you can trade in £'s only the other day you were talking about changing your money into $s' to open an account?
Kept meaning to mention it thats all.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #57,087
  • Mar 4, 2008 3:03pm Mar 4, 2008 3:03pm
Well you always trade $1 per pip, just sometimes you get more or less £££'s from the same trade. don't think it's worth the hassle if you've got a UK account setup!!


* To solve my issues, I tried my new cable modem doesn't work ( well maybe ), plugged old 1 in worked for 5mins then down for 2hours+ entirely coincidentally 1 of those days rarely goes down to *
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #57,088
  • Mar 4, 2008 3:07pm Mar 4, 2008 3:07pm
Quoting makey2u
lol.... it didnt budge
it actually helped a bit
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,089
  • Mar 4, 2008 3:08pm Mar 4, 2008 3:08pm
Quoting Carrera
Yeap, like DOW.
exactly
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,090
  • Mar 4, 2008 3:41pm Mar 4, 2008 3:41pm
this currencie is reallly dead eh?
And your mouth dropped
  • #57,091
  • Mar 4, 2008 3:45pm Mar 4, 2008 3:45pm
Quoting makey2u
this currencie is reallly dead eh?
u know it bro!!!!!! damn im trading a channel and i waited for it to reach top trendline, placed a sell order to go down and the flipping thing isnt moving..it like nobody wants to trade the currency as it to high risk
  • #57,092
  • Mar 4, 2008 3:54pm Mar 4, 2008 3:54pm
Quoting nAVIN2007
u know it bro!!!!!! damn im trading a channel and i waited for it to reach top trendline, placed a sell order to go down and the flipping thing isnt moving..it like nobody wants to trade the currency as it to high risk
i jus changed my TP to 9700.... i dont know why, but my gut is telling that there is going to be a nasty sell off.
And your mouth dropped
  • #57,093
  • Mar 4, 2008 4:06pm Mar 4, 2008 4:06pm
Well on the plus sides, looks like the account is safe this week, if only cause it's not worth trading

I'd of gotton on that dip to 9820 if my internet was working though.

Most predictable Pair is USDJPY again today, managed a down channel and a up channel both worth some point, actual trend!!

I suspect we'll get a better range to trade tomorrow ( wednesday )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #57,094
  • Mar 4, 2008 4:13pm Mar 4, 2008 4:13pm
Quoting nAVIN2007
u know it bro!!!!!! damn im trading a channel and i waited for it to reach top trendline, placed a sell order to go down and the flipping thing isnt moving..it like nobody wants to trade the currency as it to high risk
people are just not sure which is weaker gbp or usd but time will tell.
have patience my friend and sooner or later its about to explode either way.
plus dollar seems to be on a rebound so im sticking with bearish bias as i believe we will see a cut thursday.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,095
  • Mar 4, 2008 4:29pm Mar 4, 2008 4:29pm
05-03-2008
Attached Image
  • #57,096
  • Mar 4, 2008 4:30pm Mar 4, 2008 4:30pm
Icant see there being a cut on thursday, boe too conservative, they cut last month, uk not in a big enough crises for them to cut 2 months running
Tom (uk)
  • #57,097
  • Mar 4, 2008 4:34pm Mar 4, 2008 4:34pm
Maybe we need to wait to the
13:15 USDhttp://forexfactory.com/images/misc/...mpact_high.gifADP Nonfarm Employment Change
http://forexfactory.com/images/misc/...etail_star.gif
10K126K

Anyone got any views ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: day.gif Size: 19 KB
Click to Enlarge Name: 30 min.gif Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #57,098
  • Mar 4, 2008 4:36pm Mar 4, 2008 4:36pm
Actully thinking it's just the effect of the first 2 days off the month, might be 3days.

High Low ranges :-

Tuesday @70
Monday @130 but ignoring the fake run then @70
Friday @120
Thursday @170
Wednesday @150
Tuesday @120
Monday @70


Fairly normal range for Mondays, just we got 2 and a blip which was over before you could blink ( well 1hour )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #57,099
  • Mar 4, 2008 4:42pm Mar 4, 2008 4:42pm
Quoting Bones
Maybe we need to wait to the
13:15 USDhttp://forexfactory.com/images/misc/...mpact_high.gifADP Nonfarm Employment Change
http://forexfactory.com/images/misc/...etail_star.gif
10K126K

Anyone got any views ?
i dont think technically we can get anywhere. i beleive we have set supports and resistances so unless we brake them we have no trend for the moment.

about the adp nonfarm... the forecast is pretty weak so i think we might c a surprise there.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,100
  • Mar 4, 2008 4:44pm Mar 4, 2008 4:44pm
yea I was looking at that forecast,why so low?
On-site guru & also FF member's' psychiatrist, when not drinking tea
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