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Cable Update (GBPUSD)

  • #58,241
  • Mar 13, 2008 3:32pm Mar 13, 2008 3:32pm
Quoting Abuawad
13-3-2008
50 pip from 2.0285 to 2.0335
  • #58,242
  • Mar 13, 2008 3:33pm Mar 13, 2008 3:33pm
14-3-2008
Attached Image
  • #58,243
  • Mar 13, 2008 3:52pm Mar 13, 2008 3:52pm
hey guys i got this thing from the internet but i dont trust it!!! i dont know how to use it but this is its analysis..any1 agree /disagree?...i fed the metatrader picture and pressed trade alert...and that is what it came up with..
Attached Image (click to enlarge)
Click to Enlarge Name: g.JPG Size: 105 KB
  • #58,244
  • Mar 13, 2008 3:54pm Mar 13, 2008 3:54pm
i dont know about that NAV dollar is falling heavily and we have alot of numbers and rate decisions.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,245
  • Mar 13, 2008 3:55pm Mar 13, 2008 3:55pm
You know its funny, the times I have been posing here when the market decides to move,LOL,and I miss it LOL
Again Nav, this is a snap shot right now. My snap shot and it may not be right. Say another Northern Rock appeared from no where or Mad Cows disease killed all Uk’s livestock the picture can change and the graph could not tell you that.

I’m thinking we may be in the yellow box for a few days, but if we get a daily close outside it ,the market would have spoken.
Attached Image (click to enlarge)
Click to Enlarge Name: day.gif Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #58,246
  • Mar 13, 2008 3:57pm Mar 13, 2008 3:57pm
Quoting salah k.
i dont know about that NAV dollar is falling heavily and we have alot of numbers and rate decisions.
i got that stupid thing from a torrent site and its given me a virus, i wanna restore my hard drive b4 i go live...otherwise it might be a bit risky with a virus in pc.....lol
  • #58,247
  • Mar 13, 2008 4:01pm Mar 13, 2008 4:01pm
Closed out my EU position for call it break even ( -1.7pips ) so -21 on the day, nothing ( COULDA BEEN WORSE ). ofcourse within 1 min of closing and I've been away from the PC for 30mins it drops 10pips

Live and Learn !!!!


+47 yesterday so tis all good

While holding a PUP I missed a obvious UJ 70 down 50 up is the sad part, but hey !!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #58,248
  • Mar 13, 2008 4:04pm Mar 13, 2008 4:04pm
Quoting Bones
You know its funny, the times I have been posing here when the market decides to move,LOL,and I miss it LOL
Again Nav, this is a snap shot right now. My snap shot and it may not be right. Say another Northern Rock appeared from no where or Mad Cows disease killed all Uk’s livestock the picture can change and the graph could not tell you that.

I’m thinking we may be in the yellow box for a few days, but if we get a daily close outside it ,the market would have spoken.
thx man ....fantastic graph!!!! ...flippen explains a lot. I wish i notice this, and this is what i love about your graphs i bet guys in here never even realised these zones, at least now i realise why we are in what we are in ..lol...and maybe spot them in the future...welldone m8
it was worth the wait ...
based on that analysis ....i dunno if i wanna trade in it..LOL (I WILL BLOW MY ACCOUNT)...am staying the hell out...no wonder i cant get the direction there isnt one ..damn good chart..
  • #58,249
  • Mar 13, 2008 4:09pm Mar 13, 2008 4:09pm
Damn, woulda took 5mins more to fix my mates bike I'd be break even on the day here

doh!!!

Good day for my business, bad day to trade, ying and yang hey!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #58,250
  • Mar 13, 2008 4:11pm Mar 13, 2008 4:11pm
Quoting nAVIN2007
thx man ....fantastic graph!!!! ...flippen explains a lot. I wish i notice this, and this is what i love about your graphs i bet guys in here never even realised these zones, at least now i realise why we are in what we are in ..lol...and maybe spot them in the future...welldone m8
it was worth the wait ...
No problem at all Nav ,as I said to you I like doing the posts it makes me think harder. Also I really would like the more experienced traders to add comment or charts to show other views .
The other thing ,I know I keep mentioning this but the market must close on or above 2.0350.We are so close to that number im thinking that will happen. So when you trade think about that as a high probability event. If it don’t make that number the trend as we see it is over.
I have made very good pips from that thought.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #58,251
  • Mar 13, 2008 4:19pm Mar 13, 2008 4:19pm
Quoting Bones
No problem at all Nav ,as I said to you I like doing the posts it makes me think harder. Also I really would like the more experienced traders to add comment or charts to show other views .
The other thing ,I know I keep mentioning this but the market must close on or above 2.0350.We are so close to that number im thinking that will happen. So when you trade think about that as a high probability event. If it don’t make that number the trend as we see it is over.
I have made very good pips from that thought.
that number was exactly my target .....
  • #58,252
  • Mar 13, 2008 4:22pm Mar 13, 2008 4:22pm
Bones, although I understand where your coming from resistance wise, I will remain a sceptic, I guess my experience of resistance and support is different to yours.

The entire, there are few people that bought at those levels so few wanting to get out break even / small profit works for stocks as they attract long term investors but I fear Forex is too much of a day traders market for the type of person that'll be exiting for near break even ( As a serial near break even trader i know my people LOL )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #58,253
  • Mar 13, 2008 4:32pm Mar 13, 2008 4:32pm
OT credit card just cleared Sending cheque tommorow!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #58,254
  • Mar 13, 2008 4:32pm Mar 13, 2008 4:32pm
Quoting Turveyd
Bones, although I understand where your coming from resistance wise, I will remain a sceptic, I guess my experience of resistance and support is different to yours.

The entire, there are few people that bought at those levels so few wanting to get out break even / small profit works for stocks as they attract long term investors but I fear Forex is too much of a day traders market for the type of person that'll be exiting for near break even ( As a serial near break even trader i know my people LOL )
these area are suited to u ..cause of yur scalping skills...the thing is with long term trading is when u try it ..u just dont want to scalp..it to much effort..i totally can reflect on these areas as congestion cause the formation of candle within it means nothing..the market is just reversing on itself, stoplosses hit...thank god i see it for what it is..
  • #58,255
  • Edited 5:18pm Mar 13, 2008 4:44pm | Edited 5:18pm
I'm not a total scalper head though, I used to swing trade stocks based on 1day charts, but stocks never had 10 news items per day making it move totally dependent on what the news says.

I like forex, because the moves intra day between the news is sometimes powerful easy to spot ish and can net 100+ pips fairly easily ( given more confidence to hold ), I fully expect to be holding 2-3hour trades soon ish based on my system, it's what it's designed to do.

So trying to predict what the next move is going to do, rather than jumping on the move just after the start seems crazy to me.


But at the end of the day, there is more than 1 way to skin a cat, and I'm near enough totally alone here on my method which is normal

Thats why I've bought the PDA recently can watch charts without being at the PC, in the garden or whatever ( can use laptop for similar to )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #58,256
  • Mar 13, 2008 6:44pm Mar 13, 2008 6:44pm
Quoting Bones
You know its funny, the times I have been posing here when the market decides to move,LOL,and I miss it LOL
Again Nav, this is a snap shot right now. My snap shot and it may not be right. Say another Northern Rock appeared from no where or Mad Cows disease killed all Uk’s livestock the picture can change and the graph could not tell you that.

I’m thinking we may be in the yellow box for a few days, but if we get a daily close outside it ,the market would have spoken.
Hi Bones,

I mainly trade channels and fib/support/resistance levels, and the price seems to be bouncing off the tips of your yellow boxes which is interesting.

How do you calculate the yellow zones? (i.e. which time periods of consolidation, and why you selected these?)
Trade the reaction, not the news!
  • #58,257
  • Mar 13, 2008 8:36pm Mar 13, 2008 8:36pm
Quoting warta
Attachment

what i can see , a bounce @ 204.14 witch is the trend and now the 1 h candle will test it @204.19 if will close below then the bearish will continue to geather the momintum

wrong thread!
  • #58,258
  • Mar 13, 2008 9:04pm Mar 13, 2008 9:04pm
triangle pattern. continuation pattern. OR double top. reverse pattern.
either way. it will be a break and a test then a impulse. at least 50~70 pips.

It should go up, but it's just my opinion.
enjoy.

http://img145.imageshack.us/img145/4305/gbptm6.gif
  • #58,259
  • Mar 13, 2008 9:49pm Mar 13, 2008 9:49pm
Yes i am with you on that 2.0475 is the top of my range and my weekly high and im still targeting that area
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #58,260
  • Mar 13, 2008 9:53pm Mar 13, 2008 9:53pm
good time for a UJ buy..
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