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Cable Update (GBPUSD)

  • #60,761
  • Apr 7, 2008 9:49pm Apr 7, 2008 9:49pm
what made you decide to go short?
  • #60,762
  • Apr 7, 2008 10:02pm Apr 7, 2008 10:02pm
Quoting dread
what made you decide to go short?
i trade by refer at TF30M
dat'z all
  • #60,763
  • Apr 7, 2008 10:08pm Apr 7, 2008 10:08pm
Quoting dread


Is anyone in on this one Long??
Or are we staying out due to news?
I have confirmation from 2 other systems?
TraderJR?
Abuawad?
Abuawad's system gave a clear signal to go long @ 19908, tho I'd have to admit it's not looking too promising ATM...
Darkness lies one inch ahead..
  • #60,764
  • Apr 7, 2008 10:18pm Apr 7, 2008 10:18pm
it hasn't touched the S/L of 50 quite as yet...still hanging in
  • #60,765
  • Apr 7, 2008 10:22pm Apr 7, 2008 10:22pm
Where do I find master Abuawad's method? Seems like everybody believes his system is great. Trying to jump start.
Expected the unexpected
  • #60,766
  • Apr 7, 2008 10:49pm Apr 7, 2008 10:49pm
Quoting TraderJR
Abuawad's system gave a clear signal to go long @ 19908, tho I'd have to admit it's not looking too promising ATM...
GBP/USD is ranging between the two trendlines atm, and will continue to do so until a clear breakout. Same story with EUR/USD. Which side depends on news today, but it's a downside bias for me, with a breakout expecting to re-test 1.9747.
Attached Image (click to enlarge)
Click to Enlarge Name: b.gif Size: 23 KB
Trade the reaction, not the news!
  • #60,767
  • Apr 7, 2008 10:51pm Apr 7, 2008 10:51pm
Quoting Ultraman
1.9919 n 1.9907
but could some one telling me how far GBPUSD falling down..
target dunno yet still looking..
isn't possible it's down to 1.9844

SELL SIGNAL still strong...
why u all enter long on GBPUSD..
hrmm lomg just killing ur account..

BUY SIGNAL not coming yet..
plz be patient..
trade what you see only
  • #60,768
  • Apr 7, 2008 10:56pm Apr 7, 2008 10:56pm
oh well.
just got stopped out using this method for the first time.
just my luck (doesn't everyone say that LOL).
Maybe upcoming news was the culprit.
Thank goodness I was only trading mini lots.

LOL.
Better luck next time
  • #60,769
  • Apr 7, 2008 10:57pm Apr 7, 2008 10:57pm
What Method Were You Following That Lead You To Go Short?
  • #60,770
  • Apr 7, 2008 11:08pm Apr 7, 2008 11:08pm
Quoting dread
What Method Were You Following That Lead You To Go Short?
Price action
Rsi CCI

all said short, not a method simple indicators

Trade what you see not blindly follow a method
Don't chase the market, Let the market come to you
  • #60,771
  • Apr 7, 2008 11:09pm Apr 7, 2008 11:09pm
Quoting TraderJR
Abuawad's system gave a clear signal to go long @ 19908, tho I'd have to admit it's not looking too promising ATM...
Hmmm, got stopped out @ 19848 for a 62 pip loss

Price should have gone to at least 19938, first time I've seen the method fail since starting the trial beginning of last week, I guess there's always a 1st time... :surprised
Darkness lies one inch ahead..
  • #60,772
  • Apr 7, 2008 11:19pm Apr 7, 2008 11:19pm
Quoting TraderJR
Hmmm, got stopped out @ 19848 for a 62 pip loss

Price should have gone to at least 19938, first time I've seen the method fail since starting the trial beginning of last week, I guess there's always a 1st time... :surprised
OK, the long call from 1.9903 under one condetion which is the 4H candle close or open above this value. did anyone see 4H candle close or open above it!!!
i can't see any.
Attached Image
  • #60,773
  • Apr 7, 2008 11:21pm Apr 7, 2008 11:21pm
Short - at the most basic level, look at Friday's pin bar on the daily
  • #60,774
  • Apr 7, 2008 11:25pm Apr 7, 2008 11:25pm
Quoting Abuawad
OK, the long call from 1.9903 under one condetion which is the 4H candle close or open above this value. did anyone see 4H candle close or open above it!!!
i can't see any.
Well, Abuawad, you should know that candles depend on time zone, eg I have GMT+1 and they look different, it is normal because all over the world candles are being written at 4am, 8am, 12, and so on...
  • #60,775
  • Apr 7, 2008 11:26pm Apr 7, 2008 11:26pm
Quoting Ultraman
SELL SIGNAL still strong...
why u all enter long on GBPUSD..
hrmm lomg just killing ur account..

BUY SIGNAL not coming yet..
plz be patient..
trade what you see only
done...my short hit TP at 1.9844
  • #60,776
  • Apr 7, 2008 11:30pm Apr 7, 2008 11:30pm
Quoting Abuawad
OK, the long call from 1.9903 under one condetion which is the 4H candle close or open above this value. did anyone see 4H candle close or open above it!!!
i can't see any.
I agree. Trader JR in your analysis yousay that if it is within a few pips from the closing price it is a clear signal. Those few pips made the differance. I also use crossing MA as signals and a few imes it looked like it will cross and placed a order just to find it change direction and never crossed. There is a saying "asumption is the mother of all f_ckups". One can not always be right. Many pips to all
  • #60,777
  • Edited 11:33pm Apr 7, 2008 11:30pm | Edited 11:33pm
Quoting Abuawad
OK, the long call from 1.9903 under one condetion which is the 4H candle close or open above this value. did anyone see 4H candle close or open above it!!!
i can't see any.
I trade live with Alpari London.
The 4 hr candles open at 4am, 8am, etc, Central European Time.
4am candle opened at 1.9908 as per chart below

Nevertheless, with so many other things (like Friday's daily pinbar) pointing down, I would have been sceptical about going long with that 4hr candle so close to Abuawad's unknown area
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr candles.jpg Size: 214 KB
  • #60,778
  • Apr 7, 2008 11:31pm Apr 7, 2008 11:31pm
Quoting Tmac
Price action
Rsi CCI

all said short, not a method simple indicators

Trade what you see not blindly follow a method
i agree with u Tmac...
i also dunno why n why they all said long...
it's very clear sell signal..

TIPS: if any traderz it's new in diz industry..better u all use TF30M..
u all can see very clear signal..

TIPS: TRADE WHAT YOU SEE ONLY
  • #60,779
  • Apr 7, 2008 11:33pm Apr 7, 2008 11:33pm
GBP news in 27min
3:00am GBPhttp://www.forexfactory.com/images/m...mpact_high.gifHalifax House Price Index m/m
  • #60,780
  • Apr 7, 2008 11:35pm Apr 7, 2008 11:35pm
Quoting Abuawad
OK, the long call from 1.9903 under one condetion which is the 4H candle close or open above this value. did anyone see 4H candle close or open above it!!!
i can't see any.
Abuawad

On Alpari UK it did.

There's no doji before my 1st green arrowed candle, though the red arrowed candles are quite similar

Obviously some data differences - what server are you using?
Attached Image (click to enlarge)
Click to Enlarge Name: 080408 GBP-USD H4 Abuawad signal.gif Size: 68 KB
Attached Image
Darkness lies one inch ahead..
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