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Cable Update (GBPUSD)

  • #92,341
  • Oct 17, 2008 1:31pm Oct 17, 2008 1:31pm
Quoting joeblack
if i just trust my system.
have you revealed your system joe?
  • #92,342
  • Oct 17, 2008 1:39pm Oct 17, 2008 1:39pm
not a system actually, i only use BB and QQE. when QQE show downtrend, i'll look price to touch the upper BB to take a short and vice versa. but sometimes got burned with a strong trend. best to play with ranging market.
  • #92,343
  • Oct 17, 2008 1:42pm Oct 17, 2008 1:42pm
like this one
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  • #92,344
  • Oct 17, 2008 1:43pm Oct 17, 2008 1:43pm
Cool, thanks for sharing
  • #92,345
  • Oct 17, 2008 1:45pm Oct 17, 2008 1:45pm
so long as you cut your losses, looks good!
  • #92,346
  • Oct 17, 2008 1:47pm Oct 17, 2008 1:47pm
Quoting nAVIN2007
u see now its gone down its a signal if the 1 hr closes as a bearish engulfing pattern id enter myself only its fri ....then u have 3 signals:

downtrend
bearish diverence
candle signal on higher time frame...

trade has a chance u need at least 3 things to back up yur decision

Well, then I would ask you, since there is a large inverted H&S, when does the downtrend stop?

See...so many questions.
  • #92,347
  • Oct 17, 2008 1:47pm Oct 17, 2008 1:47pm
and also the trend line.
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  • #92,348
  • Edited 2:21pm Oct 17, 2008 2:04pm | Edited 2:21pm
Quoting PipGal
Well, then I would ask you, since there is a large inverted H&S, when does the downtrend stop?

See...so many questions.
personally looking at the 4 hr chart i now think its absolutely going down...plenty of resistance and i see a head and shoulder..it also failed to make a new high ..its has everything to say down.....but its entering a traingle could be good for another 100 pips

but its friday and not likely to go anywhere today
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  • #92,349
  • Oct 17, 2008 2:09pm Oct 17, 2008 2:09pm
... for heaven sake why did i come on today to trade? It's like spending eternity waiting for a pip move and especially when it is towards my down option
  • #92,350
  • Oct 17, 2008 2:18pm Oct 17, 2008 2:18pm
Quoting PipGal
Well, then I would ask you, since there is a large inverted H&S, when does the downtrend stop?

See...so many questions.
see the chart i posted b4 this....
  • #92,351
  • Oct 17, 2008 2:21pm Oct 17, 2008 2:21pm
Quoting nAVIN2007
see the chart i posted b4 this....

Navin, a million thanks for taking the time to post this explanation. It makes me feel a little easier about my short.
  • #92,352
  • Oct 17, 2008 2:26pm Oct 17, 2008 2:26pm
Quoting PipGal
Navin, a million thanks for taking the time to post this explanation. It makes me feel a little easier about my short.
yur wellcome i hope it works out
  • #92,353
  • Oct 17, 2008 2:39pm Oct 17, 2008 2:39pm
guys today has been having teeth pulled at the dentist! I've made 4 trades today for a total of 80 pips. I don't know what next week is going to bring but I hope it's not like today. We should start seeing the prices move again. Possible gap on Sunday so I'll say as usually becareful holding positions over the weekend. She's been gapping pretty big lately! I'll still be lurking around if anyone has any thoughts or questions feel free to post or pm me.

I hope everyone had a profitable week and has a great weekend! I'll be partying myself this weekend!
Just digging in the trenches like everyone else!
  • #92,354
  • Oct 17, 2008 2:42pm Oct 17, 2008 2:42pm
Quoting eohater
guys today has been having teeth pulled at the dentist! I've made 4 trades today for a total of 80 pips. I don't know what next week is going to bring but I hope it's not like today. We should start seeing the prices move again. Possible gap on Sunday so I'll say as usually becareful holding positions over the weekend. She's been gapping pretty big lately! I'll still be lurking around if anyone has any thoughts or questions feel free to post or pm me.

I hope everyone had a profitable week and has a great weekend! I'll be partying myself this weekend!
has been tough hasnt it! .....have a great weekend bro
  • #92,355
  • Oct 17, 2008 2:57pm Oct 17, 2008 2:57pm
Looks like she is going to close flat today!
Just digging in the trenches like everyone else!
  • #92,356
  • Oct 17, 2008 3:11pm Oct 17, 2008 3:11pm
Quoting eohater
Looks like she is going to close flat today!
One of my brokers closed flat. The other is still open and up 30.
Just digging in the trenches like everyone else!
  • #92,357
  • Oct 17, 2008 3:16pm Oct 17, 2008 3:16pm
Quoting eohater
guys today has been having teeth pulled at the dentist! I've made 4 trades today for a total of 80 pips. I don't know what next week is going to bring but I hope it's not like today. We should start seeing the prices move again. Possible gap on Sunday so I'll say as usually becareful holding positions over the weekend. She's been gapping pretty big lately! I'll still be lurking around if anyone has any thoughts or questions feel free to post or pm me.

I hope everyone had a profitable week and has a great weekend! I'll be partying myself this weekend!
well as best as i can tell, GU seemed to be paired with the DOW more than normal. The spikes in the Dow AND Gu have been indicative of that.
This week seemed to be a little more moderate trading on the DOW and it seems as though Gu has very nearly mirrored that.

on tech i belive we should see 6775 again next week, but what i will be paying attention to is the DJIA and watching what it's doing and try to follow a bit more mixed with my sys.

I didn't make very many trades this week. Only about 4 or 5 for a total of about 150 pips for the week. not a bad week but certainly not like several of my past few. but it's + so you won't hear me bitch.

Hope you all have a great weekend.
i'll be working my regular gig so hopefully i'll have more time next week to trade, plus i should be around more anyway.
cya
dak
  • #92,358
  • Oct 17, 2008 3:34pm Oct 17, 2008 3:34pm
Quoting dakrusha
well as best as i can tell, GU seemed to be paired with the DOW more than normal. The spikes in the Dow AND Gu have been indicative of that.
This week seemed to be a little more moderate trading on the DOW and it seems as though Gu has very nearly mirrored that.

on tech i belive we should see 6775 again next week, but what i will be paying attention to is the DJIA and watching what it's doing and try to follow a bit more mixed with my sys.

I didn't make very many trades this week. Only about 4 or 5 for a total of about 150 pips for the week. not a bad week but certainly not like several of my past few. but it's + so you won't hear me bitch.

Hope you all have a great weekend.
i'll be working my regular gig so hopefully i'll have more time next week to trade, plus i should be around more anyway.
cya
dak

ending flat like this has to be good sign for short especially now it didnt want to go up....what will happen next week, i mean can u believe this shit.....it broke out the traingle and is stationary

credit crunch hit cable
anyways good weekend all ..its party time
  • #92,359
  • Oct 17, 2008 4:26pm Oct 17, 2008 4:26pm
Weekly chart still says short rallies... Next week should be good.... Anyway.. Enjoy your weekend and you know that it would be criminal if you forgot to party....

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Patience + Discipline - Greed = Success
  • #92,360
  • Oct 17, 2008 4:30pm Oct 17, 2008 4:30pm
Quoting Infinity
Weekly chart still says short rallies... Next week should be good.... Anyway.. Enjoy your weekend and you know that it would be criminal if you forgot to party....

I've already begun! Have a great weekend bro!
Just digging in the trenches like everyone else!
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