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Cable Update (GBPUSD)

  • #57,701
  • Mar 10, 2008 5:14pm Mar 10, 2008 5:14pm
Quoting abdelhamed_s
If it continue bearish it will reach 2.0050
Done
  • #57,702
  • Mar 10, 2008 5:19pm Mar 10, 2008 5:19pm
Quoting karmostaji
Daily bearish pattern playing out already? It looks like it and if so then GU is going to tank badly.
It suppose to be.. a strong engulfing pattern i guess..

karmostaji, love your thread as well.. i might doing GJ too after have a great confidence with cable..
  • #57,703
  • Mar 10, 2008 5:20pm Mar 10, 2008 5:20pm
I’m gonna give you heads up Nav and Salah.
This is my opinion only and I’m sure someone will tell you different and you have to find what suits you e.t.c. e.t.c
There are better ways than stochs to find price direction. I have mentioned James 16 to you for a start. With stoch’s unless you really know what you are doing and you are really disciplined they will not help you so in the end they just take up valuable real estate on your screen and only serve to confuse you.
Please both of you before you trade live go to James 16 thread and learn about money making easy concepts of support and resistance, pin bars, DBHLC set ups that I have mentioned today and much more.
If you don’t like it that’s fine but at least give it a go yes?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #57,704
  • Mar 10, 2008 5:22pm Mar 10, 2008 5:22pm
Quoting Turveyd
on the grounds someone is selling, someone either knows the RICS will be bad, or just assumes it'll be bad, I expect it'll be bad aswell.


Looking to exit my long, will less loss if possible doh!!
u see buddy ...i exited 80% of my position but the last 0.2 lots give me 103 pips and still riding ....SP at entery risk free trade
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  • #57,705
  • Mar 10, 2008 5:24pm Mar 10, 2008 5:24pm
Quoting Bones
I’m gonna give you heads up Nav and Salah.
This is my opinion only and I’m sure someone will tell you different and you have to find what suits you e.t.c. e.t.c
There are better ways than stochs to find price direction. I have mentioned James 16 to you for a start. With stoch’s unless you really know what you are doing and you are really disciplined they will not help you so in the end they just take up valuable real estate on your screen and only serve to confuse you.
Please both of you before you trade live go to James 16 thread and learn about money making easy concepts of support and resistance, pin bars, DBHLC set ups that I have mentioned today and much more.
If you don’t like it that’s fine but at least give it a go yes?
i will bro right now actually.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,706
  • Mar 10, 2008 5:25pm Mar 10, 2008 5:25pm
Quoting Bones
I’m gonna give you heads up Nav and Salah.
This is my opinion only and I’m sure someone will tell you different and you have to find what suits you e.t.c. e.t.c
There are better ways than stochs to find price direction. I have mentioned James 16 to you for a start. With stoch’s unless you really know what you are doing and you are really disciplined they will not help you so in the end they just take up valuable real estate on your screen and only serve to confuse you.
Please both of you before you trade live go to James 16 thread and learn about money making easy concepts of support and resistance, pin bars, DBHLC set ups that I have mentioned today and much more.
If you don’t like it that’s fine but at least give it a go yes?
I did look at his thread but i got confused about DBHLC and all that stuff...i didnt get it to be honest...i shall look again this weekend but yes lots of info there....
  • #57,707
  • Mar 10, 2008 5:27pm Mar 10, 2008 5:27pm
Quoting karmostaji
Daily bearish pattern playing out already? It looks like it and if so then GU is going to tank badly.
im thinking that too plus it doesnt seem fundamentals will help. they might actually act as a catalyst.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,708
  • Mar 10, 2008 5:28pm Mar 10, 2008 5:28pm
Quoting johnbaem
It suppose to be.. a strong engulfing pattern i guess..

karmostaji, love your thread as well.. i might doing GJ too after have a great confidence with cable..
GJ is one wild beast but I love slaying the beast
Trade what you see, not what you think.
  • #57,709
  • Mar 10, 2008 5:29pm Mar 10, 2008 5:29pm
Quoting salah k.
im thinking that too plus it doesnt seem fundamentals will help. they might actually act as a catalyst.
7abeeby forget the fundamentals lol, concentrate on the chart
Trade what you see, not what you think.
  • #57,710
  • Mar 10, 2008 5:30pm Mar 10, 2008 5:30pm
Quoting karmostaji
GJ is one wild beast but I love slaying the beast
admit it and seeing the beast get slaughtered is true satisfaction! i dont think its really hard in doing them.. this is only rumors even i know how volatile it will be...
  • #57,711
  • Mar 10, 2008 5:32pm Mar 10, 2008 5:32pm
Quoting Bones
Ok my trade has gone well from earlier. First graph is from earlier second now.If price is not at target by 12 or outside channel I will reconsider position.
Nav look at this post and see how im doing it.I am trying to show you what I have only just learnt.
You have to bars that have the same high within a couple of pips and then the second bar closes lower than the low of the 1st bar.This is bearish.The bigger the TF the better.
There are two DBHLC bar examples today in that chart I have posted.They are not the only thing that lead me to short cable but they gave me some confidence that I was right.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #57,712
  • Mar 10, 2008 5:33pm Mar 10, 2008 5:33pm
Quoting johnbaem
admit it and seeing the beast get slaughtered is true satisfaction! i dont think its really hard in doing them.. this is only rumors even i know how volatile it will be...
LOL you need to experience it, because if this thing decides to move it will move 1000 pips in 1 day, and if you're on the wrong side then you can hear accounts blow up (if they use bad MM) lol
Trade what you see, not what you think.
  • #57,713
  • Mar 10, 2008 5:33pm Mar 10, 2008 5:33pm
Navin, got out just +5pips, better than a loss, not sticking my nose out on this 1, so so so so close to being stopped!!!


* ARRGGGGGGGGG +12 woulda been worth the while LOL *
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #57,714
  • Mar 10, 2008 5:37pm Mar 10, 2008 5:37pm
Quoting karmostaji
LOL you need to experience it, because if this thing decides to move it will move 1000 pips in 1 day, and if you're on the wrong side then you can hear accounts blow up (if they use bad MM) lol
I did several tests and i know how volatile it was.. its only when reading your thread and also many people talking about GJ, i might considering it as well.. ive been doing this pair before with small margin and it blown out.. it can be done with proper MM.. i believe it can be done..
  • #57,715
  • Mar 10, 2008 5:40pm Mar 10, 2008 5:40pm
Quoting Bones
Nav look at this post and see how im doing it.I am trying to show you what I have only just learnt.
You have to bars that have the same high within a couple of pips and then the second bar closes lower than the low of the 1st bar.This is bearish.The bigger the TF the better.
There are two DBHLC bar examples today in that chart I have posted.They are not the only thing that lead me to short cable but they gave me some confidence that I was right.
thx man ....i will look at it in depth this weekend thx for pointing it out i got to page 16..but i need to start again...as it didnt really sink in
  • #57,716
  • Mar 10, 2008 5:40pm Mar 10, 2008 5:40pm
bones mate could u post the URL for james fan 16
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,717
  • Mar 10, 2008 5:41pm Mar 10, 2008 5:41pm
Quoting 4x_Trader
Here is what my crystal ball saw M holding a buying pos @ 2.0158 targeting 2.0280 (hourly high Dec 14 '07) sl 2.0080 (low last friday). Let's see how it goes...

PS: Just an info and not a reco!
Position long @ 2.0158 stopped @ 2.0080, stand aside....
  • #57,718
  • Mar 10, 2008 5:41pm Mar 10, 2008 5:41pm
Quoting johnbaem
I did several tests and i know how volatile it was.. its only when reading your thread and also many people talking about GJ, i might considering it as well.. ive been doing this pair before with small margin and it blown out.. it can be done with proper MM.. i believe it can be done..
Yep, good MM is key

It's great to have another Muslim brother on board with us
Trade what you see, not what you think.
  • #57,719
  • Mar 10, 2008 5:42pm Mar 10, 2008 5:42pm
Quoting salah k.
bones mate could u post the URL for james fan 16
http://www.forexfactory.com/showthread.php?t=2331
  • #57,720
  • Mar 10, 2008 5:42pm Mar 10, 2008 5:42pm
Quoting karmostaji
7abeeby forget the fundamentals lol, concentrate on the chart
i know ur right but sometimes i cant help thinking about the over exaggerated market reactions especially to the news. and with this dollar crisis its difficult to sell any currency against the dollar.
thats all im worried about truly.
"what doesn't bankrupt me, makes me stronger" modern nietzche
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