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Cable Update (GBPUSD)

  • #63,281
  • Apr 29, 2008 3:08pm Apr 29, 2008 3:08pm
Quoting Doose
Well put it this way....at this line is only two things I see happening.

I already ruled out sideways movement.

The question is will that line hold tonite (tokyo/london session) or will the fundies push it down more.

We have Nationwide House Prices coming up and I havent gotten a picture that indicates the market is doing well. I just need the numbers to confirm this "hunch".

I know mid way in April the 5 best performers averaged an increase of 1.4% and the 5 worst averaged 2.2%. So things doesnt look good. Maybe there was shift after the 18th.

But my 2 cents.
its a tricky one something gonna happen tomorrow...otherwise going into a fifth month of indecision..i suspect a bullish breakout.
  • #63,282
  • Apr 29, 2008 3:21pm Apr 29, 2008 3:21pm
Quoting Bones
The other weeky chart ive been watching is this one I posted at the weekend which showed parallel lows and highs and the channel held for the mo.

I mean I have not altered that blue line.

Really I wouldnt hold much lower than that.

i just placed stop loss way out of the way ...for some reason it keep me calm ...max im willing to let price run against me is 100 pips and if it break this trendline.....then ...im gonna be thinking downtrend and low levels..tomorrow ..decides direction i feel ...
  • #63,283
  • Apr 29, 2008 3:26pm Apr 29, 2008 3:26pm
We've got stoch and MACD divergences so long should be good, but the news scary me...
  • #63,284
  • Apr 29, 2008 3:26pm Apr 29, 2008 3:26pm
Hey Guys, i just wanted to say a quick hello to the guys who post regularly on this thread, i've been viewing it quite often as of late, good stuff guys .

Short introduction: I started trading a year ago and went straight into a live account after 2 months of demos and lost roughly £400 - very big mistake Then went back to demos up until last week when i've gone back into live trading, but only trading on Cable.

Forex Rookie
"The trend is your friend, until the end."
  • #63,285
  • Apr 29, 2008 3:26pm Apr 29, 2008 3:26pm
did u guys see this the price jumped on the 5 minute chart....
  • #63,286
  • Apr 29, 2008 3:28pm Apr 29, 2008 3:28pm
yes, EUR/GBP is helping.
  • #63,287
  • Apr 29, 2008 3:32pm Apr 29, 2008 3:32pm
Hey welcome
Your story sounds familiar

Quoting ForexRookie
Hey Guys, i just wanted to say a quick hello to the guys who post regularly on this thread, i've been viewing it quite often as of late, good stuff guys .

Short introduction: I started trading a year ago and went straight into a live account after 2 months of demos and lost roughly £400 - very big mistake Then went back to demos up until last week when i've gone back into live trading, but only trading on Cable.

Forex Rookie
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,288
  • Apr 29, 2008 3:33pm Apr 29, 2008 3:33pm
Quoting ForexRookie
Hey Guys, i just wanted to say a quick hello to the guys who post regularly on this thread, i've been viewing it quite often as of late, good stuff guys .

Short introduction: I started trading a year ago and went straight into a live account after 2 months of demos and lost roughly £400 - very big mistake Then went back to demos up until last week when i've gone back into live trading, but only trading on Cable.

Forex Rookie
welcome man...hopefully live trading improves for u this time round..not easy is it but im sure we shall all make it ...good luck with yur trading decisions

may the force be with u ...
  • #63,289
  • Apr 29, 2008 3:47pm Apr 29, 2008 3:47pm
Thank you for the welcome guys

I think the problem i have is with the market analysis, either i'm really bad at it or i'm not doing it right.
If anyone has any useful websites or tips, my ears are open to you!

Forex Rookie
"The trend is your friend, until the end."
  • #63,290
  • Apr 29, 2008 4:04pm Apr 29, 2008 4:04pm

Hi,
I'm sorry for the absent during the last period it was out of my hands I had a bad car accident. Any haw I'll not be able to start from today adding my S/R table till the beginning of next month to watch the market and have a look on the last weeks and what really happen.

  • #63,291
  • Apr 29, 2008 4:07pm Apr 29, 2008 4:07pm
hi Abuawad, sorry to hear about ur accident, hope it wasnt too serious and no one injuryed! glad to see you back thou

happy trading to you
Trading is 80% Emotional, 20% Technical
  • #63,292
  • Apr 29, 2008 4:15pm Apr 29, 2008 4:15pm
Yes Nizar its great to see you back,hope you are well.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,293
  • Apr 29, 2008 4:19pm Apr 29, 2008 4:19pm
Quoting Abuawad

Hi,
I'm sorry for the absent during the last period it was out of my hands I had a bad car accident. Any haw I'll not be able to start from today adding my S/R table till the beginning of next month to watch the market and have a look on the last weeks and what really happen.

hey
7amdellah 3ala salemtak
nshallah mara2it 3ala kheir.

welcome back.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #63,294
  • Apr 29, 2008 4:21pm Apr 29, 2008 4:21pm
Price has found resistance after being squeezed out of wedge.
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,295
  • Apr 29, 2008 4:30pm Apr 29, 2008 4:30pm
Quoting Abuawad

Hi,
I'm sorry for the absent during the last period it was out of my hands I had a bad car accident. Any haw I'll not be able to start from today adding my S/R table till the beginning of next month to watch the market and have a look on the last weeks and what really happen.

welcome back brother
  • #63,296
  • Apr 29, 2008 4:37pm Apr 29, 2008 4:37pm
Quoting Abuawad

Hi,
I'm sorry for the absent during the last period it was out of my hands I had a bad car accident. Any haw I'll not be able to start from today adding my S/R table till the beginning of next month to watch the market and have a look on the last weeks and what really happen.

Hi, nice to see you again.
  • #63,297
  • Apr 29, 2008 4:40pm Apr 29, 2008 4:40pm
Quoting Bones
Price has found resistance after being squeezed out of wedge.
i think GBP gonna be so much agresive in the coming days
if you folks cheak my chart ull find that for the last 5 weeks GBP was jumping in one zone so its going to barabing barabang soon lol
Attached Image (click to enlarge)
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Senior Trader Multi-Account Manager
  • #63,298
  • Apr 29, 2008 5:11pm Apr 29, 2008 5:11pm
Oh man tell me about it cant it trend,lol


Quoting lorix
i think GBP gonna be so much agresive in the coming days
if you folks cheak my chart ull find that for the last 5 weeks GBP was jumping in one zone so its going to barabing barabang soon lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,299
  • Apr 29, 2008 5:13pm Apr 29, 2008 5:13pm
We are now at 38.2% of the move down, Bones is right, it may turn here, however, we may not see much till 8 PM.

Jim
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  • #63,300
  • Apr 29, 2008 6:39pm Apr 29, 2008 6:39pm
Well my system called the down move this am ( while I was fast asleep ), not as perfectly as last week, using the 90min and alot more random.

Then after that randomness totally next to impossible to call the moves, I shoulda dumped on the down move from 1.9755 to 1.9675 saw it and watched it



So even on my M1 system, I saw nothing I like ( after I got up late I'll add ).


Funds have changed the rules again I guess

This is on the 4 markets I watch to, nothing
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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