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Cable Update (GBPUSD)

  • #60,201
  • Apr 2, 2008 7:41am Apr 2, 2008 7:41am
is it me just getting this wrong but should have those figures released made cable drop ...big difference between and forecast
  • #60,202
  • Apr 2, 2008 7:47am Apr 2, 2008 7:47am
Yeah it shoulda made it dump 100pips easy, instead down 30pips, eur down 70pips at best, UJ + 50pips at best. interesting.


12hour sma tested and held various times on my chart.


Putting me into a world of confusion, and when confused the rule is no trades!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,203
  • Apr 2, 2008 7:51am Apr 2, 2008 7:51am
no real confusion here guys, ADP report is somewhat derided as not being a very good indicator to ADP, despite it's recalculation in the latter half of last year when it was wildly out. It's upwards revision to Feb # and the positive +8k against -23k prev and -45k expected is being seen as potentially $ positive so some mild $ buying on back of it.
ex member
  • #60,204
  • Apr 2, 2008 7:54am Apr 2, 2008 7:54am
So shouldn't put much hope in 12hour holding @9800 then and go for a long then.


Gone, 24hour main support 9785 area.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,205
  • Apr 2, 2008 7:55am Apr 2, 2008 7:55am
to come today that may have an effect re fx $ crosses;
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  • #60,206
  • Apr 2, 2008 7:57am Apr 2, 2008 7:57am
turveyd: I promise you that your 12period Sma on 1hr chart will have no bearing at all on those who move this market, it is purely coincidental. The only ma's that the market movers may take notice of are the 100 and 200 on the daily,...pobably, lol.

Someone mentioned a 62ema earlier, I forget which time frame,...the same applies
ex member
  • #60,207
  • Apr 2, 2008 8:02am Apr 2, 2008 8:02am
Quoting bbmac
turveyd: I promise you that your 12period Sma on 1hr chart will have no bearing at all on those who move this market, it is purely coincidental. The only ma's that the market movers may take notice of are the 100 and 200 on the daily,...pobably, lol.

Someone mentioned a 62ema earlier, I forget which time frame,...the same applies
62 ema work great on 1hr time frame...
  • #60,208
  • Apr 2, 2008 8:04am Apr 2, 2008 8:04am
720sma on M1 chart to be exact, disagree back tested it and forwarded tested it hugely, 90min, 6hour 12 hour and 24hour all kick butt if used correctly, the trick is using them correctly ofcourse.

12sma on H1 chart is wildly in accurate and does not work, proving to some effect, that 12hour sma's work.

24hour is the strongest of the pair though, read highest odds of acting as S/R.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,209
  • Apr 2, 2008 8:05am Apr 2, 2008 8:05am
Quoting nAVIN2007
62 ema work great on 1hr time frame...
ok, lol, G/l
ex member
  • #60,210
  • Apr 2, 2008 8:08am Apr 2, 2008 8:08am
Daily for stocks Funds used 9sma, 20ema, 50sma 200sma I used to trade off that system and a envelope, seems to follow through on forex to, been 6years since I used it on stocks or something crazy though.

Made me alot of money, before i got bored moved into options, made a stack of money, then got gambly and blew the account in huge market turn inside of 2days Most gone in the gap up before trading opened

Ahhh to have went long not short, i'd of turned my £6000 into 100K inside of 2 weeks
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,211
  • Apr 2, 2008 8:11am Apr 2, 2008 8:11am
Navin, your 62EMA just called the top of GU perfectly, infact I can see SO many times it's worked and very few it's failed having a scroll back, thanks I'll add that to my system
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,212
  • Apr 2, 2008 8:15am Apr 2, 2008 8:15am
Quoting Turveyd
Yeah it shoulda made it dump 100pips easy, instead down 30pips, eur down 70pips at best, UJ + 50pips at best. interesting.


12hour sma tested and held various times on my chart.


Putting me into a world of confusion, and when confused the rule is no trades!!

the most importing thing today is bernanke speech and not adp or anything else.

thats wat news traders are looking forward to
adp is just an appetizer
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #60,213
  • Apr 2, 2008 8:17am Apr 2, 2008 8:17am
Within 10pips on euro to, seeing no relevance recently in UJ though.

Must better trending system than the 24hour on it's own.


Seriously missing sma in my puzzle, thanks
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,214
  • Apr 2, 2008 8:19am Apr 2, 2008 8:19am
Quoting Turveyd
Navin, your 62EMA just called the top of GU perfectly, infact I can see SO many times it's worked and very few it's failed having a scroll back, thanks I'll add that to my system

great .glad u noticed it really work and the professionals use always..
  • #60,215
  • Apr 2, 2008 8:19am Apr 2, 2008 8:19am
Yep Salah and why volume is so slow going into his speach!!!

Wish i had Nav's 62hour earlier one, woulda increased confidence in taking a short near the highs hugely for 90pips max profit EU, 40 GU.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,216
  • Apr 2, 2008 8:22am Apr 2, 2008 8:22am
where to now?

i'm in a trade that i don't know if i should take my sl or to wait till bernake speach...

i am on -450$.. my sl it's on 500$.. should i move or should i take my sl?

i think in 2~4 h cable will be back before the news and go up..

what u guys say?
  • #60,217
  • Apr 2, 2008 8:24am Apr 2, 2008 8:24am
Quoting nAVIN2007
great .glad u noticed it really work and the professionals use always..
Pro's use my system to, where do you think i got it from!!

Only problem is, I'm not on the mailing list when they decide to use different numbers so I do have to adapt it, saying that current setups remained unchanged for 6weeks or so, so maybe I was just always off by a little.


My system is not the issue, it's me!!

Notice my 9785 24hour held and bounced


Nav, add 6sma, 12sma and 24sma onto your 1hour chart *4 for 15min chart even better, you'll see alot more trades and no need for much line drawing as they work better than most other stuff around and self adapt.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,218
  • Apr 2, 2008 8:26am Apr 2, 2008 8:26am
Eye4 are you long ???

Stop under the low of the day, also 24hour sma, 90min is in a downtrend and capping it thus far so not perfect but likely your best shot.

risk 50 to make back 450 maybe, good logic atleast.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,219
  • Apr 2, 2008 8:26am Apr 2, 2008 8:26am
Quoting bbmac
Daily R1 area 9843-51 holds cable's intraday rise for now. Was some sequential divergence on the 1 and 5min oscillators at that level.
Hi BBMAC,
The R1 pivot has been holding well, I still read the direction for cable down, but with caution, and short it atm, actually just coverred shorts on the pivot at 9792. I got a short order pending below the 9720 level, if and when cable gets there. If so I shall build a short position down to early 9400ds, or even lower. Shying from long position atm, as I detect still a downward direction, though question it on 4hr DiNaploi settings.
Happy trading
2be
Make sure losses are small and profits are bigger!
  • #60,220
  • Apr 2, 2008 8:29am Apr 2, 2008 8:29am
Quoting Turveyd
Pro's use my system to, where do you think i got it from!!

Only problem is, I'm not on the mailing list when they decide to use different numbers so I do have to adapt it, saying that current setups remained unchanged for 6weeks or so, so maybe I was just always off by a little.


My system is not the issue, it's me!!

Notice my 9785 24hour held and bounced


Nav, add 6sma, 12sma and 24sma onto your 1hour chart *4 for 15min chart even better, you'll see alot more trades and no need for much line drawing as they work better than most other stuff around and self adapt.
thx buddy i definately give it a go..)
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