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Cable Update (GBPUSD)

  • #60,141
  • Apr 1, 2008 3:45pm Apr 1, 2008 3:45pm
Quoting Abuawad
Well Well, where that course so i can attend it. that's the most funny post i have read till now here...
ok go and take that course if you see it good.
i don't mean that i didn't attend to analysis corses before. but most of them take about the indecators and how you can use them. and you can see in my chart and analysis i don't depend on any indecator or expert or signals.
and why to pay 3500 $ if as you say i attend to that course or take the input from them i'm in the same time forward the knoldge in the PDF file and daily table... for free... oh i gess no one take the free help or support in good way or thinking, but if i charge any one for it he will say it's the best we can find.
but i don't like this way. i have somthing you don't have but you and the other here have a lots of information and experiance i don't have it yet.

so lets shear our thinking here in cable to live in this market and make a profit not only comment.

hey abuawad, was just saying the information that is been charged big bucks for is been shared here free so we should work to make things better for everyone on this thread . love man i respect your work
  • #60,142
  • Apr 1, 2008 4:39pm Apr 1, 2008 4:39pm
02-04-2008
Attached Image
  • #60,143
  • Apr 1, 2008 4:44pm Apr 1, 2008 4:44pm
Abuawad,

I see in your analysis you have long term direction is down, can I ask what is that based on and if it is based on some target that you have for your long term projection. Thanks
  • #60,144
  • Apr 1, 2008 4:46pm Apr 1, 2008 4:46pm
Quoting sharon_gpl
Abuawad,

I see in your analysis you have long term direction is down, can I ask what is that based on and if it is based on some target that you have for your long term projection. Thanks
Check the weekly and monthly chart and you can see it's still down trend
  • #60,145
  • Apr 1, 2008 4:57pm Apr 1, 2008 4:57pm
Hi Abuawad,

Thanks for the reply, I have to agree with you the charts do point down and I have a target of 1.89 then 1.85. Mind sharing your target here.
  • #60,146
  • Apr 1, 2008 5:20pm Apr 1, 2008 5:20pm
Quoting Abuawad
Check the weekly and monthly chart and you can see it's still down trend
This pair has been in an uptrend on the weekly chart since may 2001(1.3920) the Monthly chart is more sideways, yet still could be called an uptrend.

*Looks left. Then right. oh!

Quoting nAVIN2007
i thought it was going down but i did have the nerve to stay in the trade....u must have nerves of steel to be still in it which is paying of now ...good for u hopefully it will break the resistance but the bodies on 4 hr candle getting smaller which is a bit worrying..(me thinks)
Hiya nav!

Good money management and lots of equity ='s no emotion.
USD Est Non Mortuus
  • #60,147
  • Apr 1, 2008 5:20pm Apr 1, 2008 5:20pm
Quoting pino2
GBP/USD short trade reached it's target @ 1.9780 for a profit of 320 pips
I'm still holding the GBP/JPY short trades
Originally Posted by pino2 http://www.forexfactory.com/images/buttons/viewpost.gif
I'm still holding my short trades for GBP/JPY and GBP/USD
Short trade for GBP/USD @ 2.0100 TP 1.9780 SL @ BE
Short trade For GBP/JPY @ 201.52 SL @ BE TP (waiting for the break of 196.60 and 192.60 to acheive my target below 190)
Short trade for GBP/JPY @ 200.33 SL @ BE TP (waiting for the break of 196.60 and 192.60 to acheive my target below 190)

I hope that everything goes fine with the above trades and that they don't hit their SL @ BE, since cable sometimes adores to tease me by closing my winning trades @ BE

My short trades for GBP/JPY both hit SL @ BE, and the market played it's game to tease me, it went up just to close my short trades, but fortunately I made profit from the GBP/USD short trade.
  • #60,148
  • Apr 1, 2008 5:23pm Apr 1, 2008 5:23pm
We sit on a strong PPZ and the longer it holds the more chance of a bounce .
We have the monthly pin which a lot of traders will be looking to sell the break of and that trade just looks to easy for me right now. I would take it though.

Having said that the rather lovely bearish daily pin we just had was so easy I missed it lol
Attached Image (click to enlarge)
Click to Enlarge Name: month.gif Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #60,149
  • Apr 1, 2008 5:35pm Apr 1, 2008 5:35pm
Quoting bbmac
interestingly $Y led that $ buying in the immediate post-data period,.....£$ lagged a bit before the sell-off....nice leading indicator.
this yen risk aversion. UBS result drag eurozone. however, it does not mean US will be much better now. still THUR job claim, and non-farm payroll
  • #60,150
  • Apr 1, 2008 5:36pm Apr 1, 2008 5:36pm
MUST WAKE UP EARLIER!!!

By the time i wake up, then actually wake up, then have to go to town to do something, then take a few phone calls the day is over and the moves all gone.

Must sleep earlier and wake earlier


+48pips this week, don't expect to hit my 250pip weekly target LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,151
  • Apr 1, 2008 5:41pm Apr 1, 2008 5:41pm
Quoting Turveyd
MUST WAKE UP EARLIER!!!

By the time i wake up, then actually wake up, then have to go to town to do something, then take a few phone calls the day is over and the moves all gone.

Must sleep earlier and wake earlier


+48pips this week, don't expect to hit my 250pip weekly target LOL
Hmm, just wait until Friday and you will see. jeje
  • #60,152
  • Apr 1, 2008 6:14pm Apr 1, 2008 6:14pm
lucky if i make 120pips with how lazy I'm being, but I'll be happy with 10+ pips of profit rather than a loss at this stage still.

The more i make the more I don't want to give it back should be, more confident and more money to take more risks with, something is going wrong.


Ohhhh well, always tommorow, might stumble on a 100pip move ( doubtful )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,153
  • Apr 1, 2008 6:35pm Apr 1, 2008 6:35pm
Quoting tomaz55
long 9800 tp 9900
got out at -27 pips

+83 for the day
  • #60,154
  • Apr 1, 2008 6:38pm Apr 1, 2008 6:38pm
+83 tomaz, nice a +83 would make my day
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,155
  • Apr 1, 2008 6:42pm Apr 1, 2008 6:42pm
Quoting Turveyd
+83 tomaz, nice a +83 would make my day
thx turvey, +385 last week, just went short the dow big time ate 12,621 for a few pts.. lets see what happens..
  • #60,156
  • Apr 1, 2008 6:52pm Apr 1, 2008 6:52pm
Big time always ends badly in my experience

Good luck!!

Full time or still got a job ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,157
  • Apr 1, 2008 6:56pm Apr 1, 2008 6:56pm
Quoting Turveyd
Big time always ends badly in my experience

Good luck!!

Full time or still got a job ??
i have a job just for the sake of it, like being around with people, dont do it for the money. make enough trading cable alone (i play with high leverage), so life is good.

you?
  • #60,158
  • Apr 1, 2008 7:08pm Apr 1, 2008 7:08pm
Sounds like a nice life style ahhh to be there already!!

Self Employeed, people are okay, paying clients on the other hand, so aim to go full time and cut the self employeed side out ASAP, got a 3month target on this but under funded so we'll see, targets help though cause I'm LAZY big time.

If I can hit 250pips per week I can do above on $3 per point, $4 to be sure so not a huge step away as I earn bugger all currently.

So thats the plan!!

System is there and working perfectly or as near as, just got to get my head in the game.


* I could do it on $2 per pip $2000 per month but doesn't leave much room for error or tax for that matter *
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,159
  • Apr 1, 2008 7:28pm Apr 1, 2008 7:28pm
Quoting Abuawad
02-04-2008
I think I might start posting this daily in an effort to get more people interested in Abuawad's method and actually trying it.

How to use it?

Drag the attached file to the MT4 "templates" folder.

Restart MT4, open GBP/USD

Right click on the chart, select Templates, Abuawad(current).

Lines should appear on the chart which match Abuawad's values and colour scheme (on M1 thru D1 only i.e. not W1 or M1 tho u can change this if you wish)
Attached File(s)
File Type: tpl Abuawad(current).tpl   3 KB | 364 downloads
Darkness lies one inch ahead..
  • #60,160
  • Apr 1, 2008 7:32pm Apr 1, 2008 7:32pm
Quoting Turveyd
Sounds like a nice life style ahhh to be there already!!

Self Employeed, people are okay, paying clients on the other hand, so aim to go full time and cut the self employeed side out ASAP, got a 3month target on this but under funded so we'll see, targets help though cause I'm LAZY big time.

If I can hit 250pips per week I can do above on $3 per point, $4 to be sure so not a huge step away as I earn bugger all currently.

So thats the plan!!

System is there and working perfectly or as near as, just got to get my head in the game.


* I could do it on $2 per pip $2000 per month but doesn't leave much room for error or tax for that matter *
you could get 200 or 300 per week with cable if you simply DONT think about the money, but the pips. easier said than done..
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