jeje your charts guys are very clear, look @ mine.
LOL
"what doesn't bankrupt me, makes me stronger" modern nietzche
Cable Update (GBPUSD)
- #59,862
- Mar 29, 2008 1:08pm Mar 29, 2008 1:08pm
- Joined Jul 2007 | Status: Senior Member | 1,553 Posts
jeje your charts guys are very clear, look @ mine.
the problem is the chart is not for cable Looooooooooooooooooool
- #59,863
- Mar 29, 2008 1:11pm Mar 29, 2008 1:11pm
- Joined Jul 2007 | Status: Senior Member | 1,553 Posts
the problem is the chart is not for cable Looooooooooooooooooool
- #59,865
- Mar 29, 2008 1:18pm Mar 29, 2008 1:18pm
- Joined Jul 2007 | Status: Senior Member | 1,553 Posts
- #59,866
- Edited 2:16pm Mar 29, 2008 2:04pm | Edited 2:16pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #59,867
- Mar 29, 2008 2:16pm Mar 29, 2008 2:16pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Well Nav if you look at your sell line in your picture how many candles are there that have found resistance and support off it(its very close to weekly pivot but over not under and so is price right now) .I mean you have taken the trade very late in a bearish day and over the weekend which I think was against your plan. On a good note down looks to be the direction and I think you would make a profit from it. This is the thing I am saying. I am doing this too. My really good trades are the thought out ones and my bad ones are on the cuff and I know I must resist that or never succeed.
your right m8 as always...I just arent applying my knowledge to the trades..and always seem to be jumping the gun...your diagrams are helping me so much....i hope we open on a gap which shows price is below my sell ..one thing i know for sure thou ..im definately sticking to 0.1 lots now as im lossing money..and am going to rite myself a set of rules to apply to every trade..i guess this is a reason why that rule is there too ..common problem huh!....i wish us all luck next week
- #59,868
- Mar 29, 2008 2:59pm Mar 29, 2008 2:59pm
i see yours very clear, check this one
but i can give you a hint after you finish all the analysis steps and determining the strong line S/R. draw them on new chart and keep the first chart behind and check it time to time "1H candle close for ex."
thats why i don't post my chart
i really hope that i can learn more from it
PS: stick to ur note about ur analysis, don't care much about everyone opinion, u'll be the wisest man on this forum
- #59,869
- Mar 29, 2008 3:13pm Mar 29, 2008 3:13pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
Ok on the subject of long term direction and trend im thinking we a range bound and there is no immediate trend to speak of on long term charts.
The monthly and price is back within a very small range of open/closes for the last 3 months assuming price closes on Monday around this level.
The weekly and we had that long -legged doji which if you look back in time is very unusual in this pair in this TF and shows indecision.
The daily we have had a bullish and bearish pin in the last two weeks ????
My conclusion is both the UK and US are in as much sh*it as each other ,lol
The hourly is trending down and I am looking to sell around the 2k mark.
The monthly and price is back within a very small range of open/closes for the last 3 months assuming price closes on Monday around this level.
The weekly and we had that long -legged doji which if you look back in time is very unusual in this pair in this TF and shows indecision.
The daily we have had a bullish and bearish pin in the last two weeks ????
My conclusion is both the UK and US are in as much sh*it as each other ,lol
The hourly is trending down and I am looking to sell around the 2k mark.
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #59,870
- Mar 29, 2008 3:42pm Mar 29, 2008 3:42pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Ok on the subject of long term direction and trend im thinking we a range bound and there is no immediate trend to speak of on long term charts.
The monthly and price is back within a very small range of open/closes for the last 3 months assuming price closes on Monday around this level.
The weekly and we had that long -legged doji which if you look back in time is very unusual in this pair in this TF and shows indecision.
The daily we have had a bullish and bearish pin in the last two weeks ????
My conclusion is both the UK and US are in as much sh*it as each other ,lol
The hourly is trending down and I am looking to sell around the 2k mark.
- #59,872
- Mar 29, 2008 4:24pm Mar 29, 2008 4:24pm
- Joined Apr 2007 | Status: Trader | 2,387 Posts
Ok on the subject of long term direction and trend im thinking we a range bound and there is no immediate trend to speak of on long term charts.
The monthly and price is back within a very small range of open/closes for the last 3 months assuming price closes on Monday around this level.
The weekly and we had that long -legged doji which if you look back in time is very unusual in this pair in this TF and shows indecision.
The daily we have had a bullish and bearish pin in the last two weeks ????
My conclusion is both the UK and US are in as much sh*it as each other ,lol
The hourly is trending down and I am looking to sell around the 2k mark.
but i want to add something
first off US is in much more trouble than UK however it seems that it doesnt have much room to go weaker whereas UK just started to feel the pain and hence has a lot of room to become worse and if u actually look at the monthly charts or the yearly u see that sterling is overpriced
so it has a lot of room to go down
anyway thats wat i think
any comments are highly appreciated.
welcome back NAV
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #59,873
- Mar 29, 2008 5:28pm Mar 29, 2008 5:28pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nav's right sadly, the UK is in a real mess to, well it's population hugely excessive debt built on a house of cards, well the housing market which is about to tumble.
Credit Card companys are using any excuse currently to reduce there risk and credit card limits, they reduced mine to next to nothing left and 9K this week
OKay I have a Forex trading plan to keep myself afloat, which may or not work, but many people haven't got that.
Repossessions are on the increase, it's time to put your head between your knees and kiss our asses goodbye!! Been a fun ride on the way up spending it which I've done to, but the ride down is going to suck!!
Credit Card companys are using any excuse currently to reduce there risk and credit card limits, they reduced mine to next to nothing left and 9K this week
OKay I have a Forex trading plan to keep myself afloat, which may or not work, but many people haven't got that.
Repossessions are on the increase, it's time to put your head between your knees and kiss our asses goodbye!! Been a fun ride on the way up spending it which I've done to, but the ride down is going to suck!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #59,874
- Mar 29, 2008 5:46pm Mar 29, 2008 5:46pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Nav's right sadly, the UK is in a real mess to, well it's population hugely excessive debt built on a house of cards, well the housing market which is about to tumble.
Credit Card companys are using any excuse currently to reduce there risk and credit card limits, they reduced mine to next to nothing left and 9K this week
OKay I have a Forex trading plan to keep myself afloat, which may or not work, but many people haven't got that.
Repossessions are on the increase, it's time to put your head between your knees and kiss our asses goodbye!! Been a fun ride on the way up spending it which I've done to, but the ride down is going to suck!!
salah thx man
- #59,875
- Edited 6:16pm Mar 29, 2008 6:10pm | Edited 6:16pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #59,876
- Mar 29, 2008 6:50pm Mar 29, 2008 6:50pm
Keep them coming Abuawad!!
Regarding Abuawad's method..
Thus far, every time I have taken the time to do my own charts per his method and then trade live with them I have turned a profit.. every time thus far. The only problem I have encountered was figuring the appropriate stop loss for my account and allowing the price to turn against me and head in that direction before reversing and playing out per projection.
He posts the projections every day.. no secret.. it either works or it doesn't.. anyone who thinks it doesn't need only take the time to look back over the charts and the projections and see the results!
thanks
Darkness lies one inch ahead..
- #59,878
- Mar 29, 2008 8:14pm Mar 29, 2008 8:14pm
i see yours very clear, check this one
but i can give you a hint after you finish all the analysis steps and determining the strong line S/R. draw them on new chart and keep the first chart behind and check it time to time "1H candle close for ex."
thats why i don't post my chart
Step 3 states: "Adding horizontal lines on the supporting and resistant areas, if these areas are not part of the fibo levels."
Some of the (yellow) lines I can see are natural peaks and valleys, but how do you know to add 1.6966 and 1.6586 (the two lines close together near the centre), also 1.1845 and the faint yellow line at 1.9885.
Values all estimated, the chart is so blurry it's VERY HARD TO READ.
Thanks for your help
Darkness lies one inch ahead..
- #59,880
- Mar 29, 2008 9:13pm Mar 29, 2008 9:13pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!