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Cable Update (GBPUSD)

  • #57,861
  • Mar 11, 2008 12:08pm Mar 11, 2008 12:08pm
I also have a long from 2.0016 as the price just missed my buy at 1.9980 by 13 pips so I decieded i was a tad to low.But i will drop it if I dont get the close im looking for.
Chart certainly looks bearish at mo
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  • #57,862
  • Mar 11, 2008 12:18pm Mar 11, 2008 12:18pm
Quoting Bones
I also have a long from 2.0016 as the price just missed my buy at 1.9980 by 13 pips so I decieded i was a tad to low.But i will drop it if I dont get the close im looking for.
Chart certainly looks bearish at mo
in order for your target to be reached we need bullish close above 2.0097 that will make pierce bullish pattern and id say we would be safe of those projections..i wish i didnt cancel my trade ..it would have given me profit now.

I a bit werry abt this price gap...its supposed to form a resistance point for the price to cross if we close above it ..that will be a start..
  • #57,863
  • Mar 11, 2008 12:24pm Mar 11, 2008 12:24pm
it broke that resistance easily ..thats very postive..looks like we going uphill again..get the clutch ready (resistance = price gap)
  • #57,864
  • Mar 11, 2008 12:26pm Mar 11, 2008 12:26pm
Quoting nAVIN2007
in order for your target to be reached we need bullish close above 2.0097 that will make pierce bullish pattern and id say we would be safe of those projections..i wish i didnt cancel my trade ..it would have given me profit now.

I a bit werry abt this price gap...its supposed to form a resistance point for the price to cross if we close above it ..that will be a start..
I must admit Nav the gaps interest me. One day when ive finished studying the basics ill look deeper
Nav 1 min charts really you may as well burn your money :surprised
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  • #57,865
  • Mar 11, 2008 12:28pm Mar 11, 2008 12:28pm
oh ok checked the chart and it was the 15 is that right just a typo?
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  • #57,866
  • Mar 11, 2008 12:38pm Mar 11, 2008 12:38pm
Quoting Bones
I must admit Nav the gaps interest me. One day when ive finished studying the basics ill look deeper
Nav 1 min charts really you may as well burn your money :surprised
bro honestly i never ever use anything less than 15 minutes, and only use for entry of trade..and divergence on 15 according to the learning course i used said that time frame with stocastic is very realible.

the gap in price (steve nisson favorite candle stick pattern) the gap itself is a support/resistance area, heavy duty...if it crosses it can be a indication of where price is heading the fact that we crossed it so easy..is a good sign buddy

The reason why i have small time frame like 15,10 or whatever is because the large time frame dont show the gaps in price therefore these resistance/support areas are unknown ...hope what i wrote help u have a better understanding..

see chart ...resistance turned to support
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  • #57,867
  • Mar 11, 2008 12:47pm Mar 11, 2008 12:47pm
Quoting nAVIN2007
bro honestly i never ever use anything less than 15 minutes, and only use for entry of trade..and divergence on 15 according to the learning course i used said that time frame with stocastic is very realible.

the gap in price (steve nisson favorite candle stick pattern) the gap itself is a support/resistance area, heavy duty...if it crosses it can be a indication of where price is heading the fact that we crossed it so easy..is a good sign buddy

The reason why i have small time frame like 15,10 or whatever is because the large time frame dont show the gaps in price therefore these resistance/support areas are unknown ...hope what i wrote help u have a better understanding..
Hey man I understand. You will find your own trading style, you are strong willed and you have your own mind, and that is what I like about you and Salah as a matter of fact.
Ok here is my 4hr view before 8pm
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  • #57,868
  • Mar 11, 2008 12:50pm Mar 11, 2008 12:50pm
Quoting Bones
Hey man I understand. You will find your own trading style, you are strong willed and you have your own mind, and that is what I like about you and Salah as a matter of fact.
Ok here is my 4hr view before 8pm

thnx man means a lot coming from a trader of your knowledge, experience and caliber.

u just boosted my confidence .
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,869
  • Mar 11, 2008 12:51pm Mar 11, 2008 12:51pm
Quoting Bones
Hey man I understand. You will find your own trading style, you are strong willed and you have your own mind, and that is what I like about you and Salah as a matter of fact.
Ok here is my 4hr view before 8pm
I totally agree with it ...i hope i get better at doing my charts..if i do thenm anything like yourself i will be happy...
  • #57,870
  • Mar 11, 2008 1:11pm Mar 11, 2008 1:11pm
ive just added to my longs
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  • #57,871
  • Mar 11, 2008 1:13pm Mar 11, 2008 1:13pm
Its got 4 hrs to go where I told it damn it ,lol or im scaling down,lol
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  • #57,872
  • Mar 11, 2008 1:16pm Mar 11, 2008 1:16pm
Quoting Bones
Its got 4 hrs to go where I told it damn it ,lol or im scaling down,lol
...i will join u ..
  • #57,873
  • Mar 11, 2008 2:17pm Mar 11, 2008 2:17pm
Quoting Bones
Nav 1 min charts really you may as well burn your money :surprised
Never going to understand, why anyone would trade anything other than 1min charts personally, although I trade off a series of SMA's that give me direction ranging from 9ema to 720sma.

I only use 15min cause can't plot the 24hour sma on 1min charts and to spot resistance over the last few days.

USDJPY is rolling over on my setup at the moment for a good odds short. And I just entered it LONG in error doh!!

Edit * out for -7.7 thats what you get for not paying attention, it moved down 5seconds after it filled couldn't cancel in time *
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #57,874
  • Mar 11, 2008 2:26pm Mar 11, 2008 2:26pm
Quoting Turveyd
Never going to understand, why anyone would trade anything other than 1min charts personally, although I trade off a series of SMA's that give me direction ranging from 9ema to 720sma.

I only use 15min cause can't plot the 24hour sma on 1min charts and to spot resistance over the last few days.

USDJPY is rolling over on my setup at the moment for a good odds short. And I just entered it LONG in error doh!!
Well Turveyd I guess that’s why you’re a Nutter , LOL
If your good on 1 min you’d be great on 1 day and you would be giving your job up my friend.
Remember I am 1 year older than you and that makes me wiser.
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  • #57,875
  • Mar 11, 2008 2:33pm Mar 11, 2008 2:33pm
I mean on your 1 min chart you could not tell at 8 pm that price was going to be 2.0090 at 12 could you?
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  • #57,876
  • Mar 11, 2008 2:57pm Mar 11, 2008 2:57pm
Quoting nAVIN2007
bro honestly i never ever use anything less than 15 minutes, and only use for entry of trade..and divergence on 15 according to the learning course i used said that time frame with stocastic is very realible.

the gap in price (steve nisson favorite candle stick pattern) the gap itself is a support/resistance area, heavy duty...if it crosses it can be a indication of where price is heading the fact that we crossed it so easy..is a good sign buddy

The reason why i have small time frame like 15,10 or whatever is because the large time frame dont show the gaps in price therefore these resistance/support areas are unknown ...hope what i wrote help u have a better understanding..

see chart ...resistance turned to support
Hey Nav just looking at that post(my sky is down ,lol) have you read Steve Nisson’s book.
Only that blue box thing looks kinda intresting
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  • #57,877
  • Mar 11, 2008 2:57pm Mar 11, 2008 2:57pm
12-3-2008

----

March summary till 11-3-2008:
Total: 710 pip
Average: 101.4 pip/day
Lowest day profit: 42
Highest day profit: 164 pip
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  • #57,878
  • Mar 11, 2008 2:59pm Mar 11, 2008 2:59pm
cant any of you guys piss off one of the big guys? i tried but it didnt work lol!
And your mouth dropped
  • #57,879
  • Mar 11, 2008 3:08pm Mar 11, 2008 3:08pm
Quoting makey2u
cant any of you guys piss off one of the big guys? i tried but it didnt work lol!
how u doing buddy? ...have the pips been kind to u today?
  • #57,880
  • Mar 11, 2008 3:15pm Mar 11, 2008 3:15pm
Not doubting your age / wisdom at all here, it's just illogical to me.

I can tell alot of information, sadly no chart gives me exact numbers, but 2.0090 is my 12sma resistance line, which it reversed off abit earlier.

1day / 4hour charts makes sense, if your in it for a long haul, but you lot seem to be trying to day trade the swings in the market part blind folded to me.


But hey, each to there own, your system goes over my head, just like i'm sure my system would do yours.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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