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Cable Update (GBPUSD)

  • #62,361
  • Apr 22, 2008 12:14pm Apr 22, 2008 12:14pm
I do that to, IF it's a range bound day, it's trying to pick the top / bottom on a day like today, when you get stopped out, re short it at a worse price, then repeat until your account screams margin call
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #62,362
  • Apr 22, 2008 1:43pm Apr 22, 2008 1:43pm
I expect it to range till later. Will try and see where it breaks out from the range....watching GU too...

I made 50pips...it started getting choppy so I closed with that position......At least I made back half of what of that hundred I lost...

Looking for some action later...Not sure wat GU is doing as yet.....looking for a retrace it shud come....so I'm on the sidelines...I'm being patient this time.
  • #62,363
  • Apr 22, 2008 1:52pm Apr 22, 2008 1:52pm
Too slow, volumes dried up, better to do something more interesting instead rather than stare at a screen going mad i say!!

Just happy, I've had a up day, first in 2 weeks, after 6weeks of not 1 down day, getting my Mojo back
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #62,364
  • Apr 22, 2008 2:04pm Apr 22, 2008 2:04pm
I think I might be on to something here which will not take out the bearish Monthly pin so could be acceptable to all J16 fans.

Its all about confluence is it not
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #62,365
  • Apr 22, 2008 2:20pm Apr 22, 2008 2:20pm
Bones, using my so far 2 for 2 system

HEADS Long the magic coin has spoken

I think we've broken outta that down channel, and we'll close the week >2.000 personally, so I'm going to vote bullish cancelling out the magic coin and down we shall spiral
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #62,366
  • Apr 22, 2008 2:44pm Apr 22, 2008 2:44pm
Quoting Turveyd
Bones, using my so far 2 for 2 system

HEADS Long the magic coin has spoken

I think we've broken outta that down channel, and we'll close the week >2.000 personally, so I'm going to vote bullish cancelling out the magic coin and down we shall spiral
Well Turveyd im glad the coin is Bullish that gives me hope,lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #62,367
  • Apr 22, 2008 2:45pm Apr 22, 2008 2:45pm
Quoting Turveyd
To be fair I did sample them for a week, sensible trading style, sensible stop positioning, not 1 hit was profitable I think over the 7day trial, but wasn't around enough to be sure.
I dont trust anybody selling any type of signal or system.
If any sytem is so great why bother with all the trouble and hassel of selling it, just use it and you can make millions!!!!!!! Because if it does not work people are going to hassel you and call you a fraud and who wants that trouble when all you have to do is follow your wonderfull system to make millions!
  • #62,368
  • Apr 22, 2008 2:46pm Apr 22, 2008 2:46pm
And your vote well maybe thats the down before the up.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #62,369
  • Apr 22, 2008 3:19pm Apr 22, 2008 3:19pm
Quoting Runway Trade
I dont trust anybody selling any type of signal or system.
If any sytem is so great why bother with all the trouble and hassel of selling it, just use it and you can make millions!!!!!!! Because if it does not work people are going to hassel you and call you a fraud and who wants that trouble when all you have to do is follow your wonderfull system to make millions!
I generally agree, like to keep a open mind as not everyone is a con artist and may be in need of a plan B if I don't become profitable real soon, they where profitable good enough to make me happy. The signal is so limited, no chatting to, he's not wasting any of his time, trust me so why not in his case comes to mind.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #62,370
  • Apr 22, 2008 5:02pm Apr 22, 2008 5:02pm
check out the inverse head and shoulders on the daily chart. i see neckline at 2.0024. could be good for about 400 pips UP! love how that trendline bounce perfectly created the right shoulder..

cheers
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  • #62,371
  • Apr 22, 2008 5:05pm Apr 22, 2008 5:05pm
My chart says, short unless we get a breach of 2.0035. I wouldnt rule out another short
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  • #62,372
  • Apr 22, 2008 7:49pm Apr 22, 2008 7:49pm
Trying to get some idea of direction from the larger charts, It's kinda rough right now. Lots of spinners out on the 1 Hr tends to tell me a down bias., however, Its only a 1 Hr chart. Lots of room to the downside on the 4 hr, but no signal. I am thinking another run dow to 9700-9800 ish tonight but will need a signal from the 4 hr and a cross of the 89 smooth MA & DPP before I jump in.

Jim
  • #62,373
  • Apr 22, 2008 7:54pm Apr 22, 2008 7:54pm
Yea,I think I may switch to the Aussie tonight....Looks better, forming a triple top on the daily.
  • #62,374
  • Apr 22, 2008 8:23pm Apr 22, 2008 8:23pm
15 Min tweezers, may be starting down
  • #62,375
  • Apr 22, 2008 9:29pm Apr 22, 2008 9:29pm
Quoting hard1head1
15 Min tweezers, may be starting down
Can't see it - are you referring to GBP/USD? You've commented on other pairs in this forum but it's really for GU only - otherwise things get more confusing than usual
Darkness lies one inch ahead..
  • #62,376
  • Apr 22, 2008 10:25pm Apr 22, 2008 10:25pm
On H1 chart, cable open/close between 1.9946 - 1.9967 within 11 hrs, very small range. It is unusual habit. May anyone explain what indication it is ?
Attached Image
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #62,377
  • Apr 22, 2008 10:33pm Apr 22, 2008 10:33pm
I think everyone is waiting for the minutes to be released today.
  • #62,378
  • Apr 22, 2008 10:36pm Apr 22, 2008 10:36pm
Quoting manize
On H1 chart, cable open/close between 1.9946 - 1.9967 within 11 hrs, very small range. It is unusual habit. May anyone explain what indication it is ?
i dont know for sure but i think investors look for mpc meeting minutes, i read RealTimeForex prediction about Sterling and they forecasting about Rates cut in the meeting and maybe another market review from Dukascopy will be a good reference
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  • #62,379
  • Apr 22, 2008 10:36pm Apr 22, 2008 10:36pm
I see thank you.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #62,380
  • Apr 22, 2008 11:02pm Apr 22, 2008 11:02pm
i think the G/U can't surpass 2.0100 still downtrend.
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