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Cable Update (GBPUSD)

  • #99,901
  • Nov 20, 2008 6:11am Nov 20, 2008 6:11am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting Rasheed

Do you agree GU will start dive after 1.4796?

I put my Sell Stop at that Line.


I want to post my graph,,, but i dunno how.

If you have Metatrader, just go to File, Save As Picture. Save it somewhere you'll remember.

Then in the forum, go to post reply, and then click on where it says "Attachements" with the paperclip icon.

Oila, enjoy my man.
"Wishful thinking dies hard." Igor T.
  • #99,902
  • Nov 20, 2008 6:15am Nov 20, 2008 6:15am
Quoting spintrader
SNB?
swiss national bank
Trading is 80% Emotional, 20% Technical
  • #99,903
  • Nov 20, 2008 6:15am Nov 20, 2008 6:15am
Quoting FxChi
If you have Metatrader, just go to File, Save As Picture. Save it somewhere you'll remember.

Then in the forum, go to post reply, and then click on where it says "Attachements" with the paperclip icon.

Oila, enjoy my man.
or if not meta trader you can always do screen shot save to 'paint' and post picture from there
please DON'T copy my trades I am still learning
  • #99,904
  • Nov 20, 2008 6:16am Nov 20, 2008 6:16am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting Rasheed

Do you agree GU will start dive after 1.4796?

I put my Sell Stop at that Line.


I want to post my graph,,, but i dunno how.


Trade your charts, but for me, that would be selling too low. If you want to sell there, how I would do it is wait for price to trade below 4796 first, and then put a sell stop at 4796. That way if price trades back up to it, you should be good. The risk is you won't be triggered.
"Wishful thinking dies hard." Igor T.
  • #99,905
  • Nov 20, 2008 6:36am Nov 20, 2008 6:36am

is this ok?

Attached Image (click to enlarge)
Click to Enlarge Name: GBP20112008.gif Size: 20 KB
Learning, is a never ending processs...
  • #99,906
  • Nov 20, 2008 6:36am Nov 20, 2008 6:36am
Isn't the news coming out likely to be bad and therefore bad for the dollar thus making cable go up? this is not my opinion of direction, just a question
please DON'T copy my trades I am still learning
  • #99,907
  • Nov 20, 2008 6:40am Nov 20, 2008 6:40am
a really rudimentary question, apologies, but i recently switched to Metatrader and I can't work out the easiest way to delete fibs/ lines etc individually without deleting ALL such objects. It's driving me nuts - everytime i put on a daily fib, then try and delete it, ALL my longer term fib levels etc get deleted too and i have to put them all on again....

Any quick fixes much appreciated
  • #99,908
  • Nov 20, 2008 6:46am Nov 20, 2008 6:46am
Quoting linleysound
a really rudimentary question, apologies, but i recently switched to Metatrader and I can't work out the easiest way to delete fibs/ lines etc individually without deleting ALL such objects. It's driving me nuts - everytime i put on a daily fib, then try and delete it, ALL my longer term fib levels etc get deleted too and i have to put them all on again....

Any quick fixes much appreciated

goto charts up the top, then objects from the menu, and then objects list and you can choose which ones to delete in there.

hope that helps
  • #99,909
  • Nov 20, 2008 6:50am Nov 20, 2008 6:50am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting ezmystic
Isn't the news coming out likely to be bad and therefore bad for the dollar thus making cable go up? this is not my opinion of direction, just a question
Typically that's the case, but what I've noticed is that the dollar strengthens due to risk aversion, so as the US indices drop that seems to have more of an influence on the current cable movement than the announcements. I'd guess if the numbers come out way worse then yeah we could see a rally.
"Wishful thinking dies hard." Igor T.
  • #99,910
  • Nov 20, 2008 6:51am Nov 20, 2008 6:51am
Quoting PipLand
goto charts up the top, then objects from the menu, and then objects list and you can choose which ones to delete in there.

hope that helps

Great, nice and easy! Thanks so much for that, you're a gent.
  • #99,911
  • Nov 20, 2008 6:52am Nov 20, 2008 6:52am
USD is considered the safe haven currency at the moment so when the markets are plunging risk aversion implies that the traders shift to buy dollars and when they are willing to take on risk they move back to eur and gbp.
So:
Bad news for US = baaad for markets = good for dollar,
Bad news for UK = bad for markets = good for dollar

Good news for US, good for markets = take on risk. buy GBP, EUR
Good news for UK .... well we haven't had any for a long time!!!

Quoting ezmystic
Isn't the news coming out likely to be bad and therefore bad for the dollar thus making cable go up? this is not my opinion of direction, just a question
Ride the Bulls bearback!
  • #99,912
  • Nov 20, 2008 6:53am Nov 20, 2008 6:53am
Quoting FxChi
Typically that's the case, but what I've noticed is that the dollar strengthens due to risk aversion, so as the US indices drop that seems to have more of an influence on the current cable movement than the announcements. I'd guess if the numbers come out way worse then yeah we could see a rally.
so people take flight to the dollar as it is seen to be safe I guess
please DON'T copy my trades I am still learning
  • #99,913
  • Nov 20, 2008 6:54am Nov 20, 2008 6:54am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting Rasheed

is this ok?


Nice you got your chart up. Not sure why the TL is drawn like that, but everybody draws TL's differently, so as long as you draw it consistently all the time, then I guess that's all that matters.

If that short makes sense to you go for it. I think a lot of trading has to do with the confidence to stick with your call and not getting shaken out.

Anyways, see how this 1 hr closes. If above 4917, then I think we're heading to 5050 area and could be a forming a head and shoulders pattern in that area. Will need to see the PA for confirmation though...pure speculation right now.
"Wishful thinking dies hard." Igor T.
  • #99,914
  • Nov 20, 2008 6:55am Nov 20, 2008 6:55am
Quoting alcando
USD is considered the safe haven currency at the moment so when the markets are plunging risk aversion implies that the traders shift to buy dollars and when they are willing to take on risk they move back to eur and gbp.
So:
Bad news for US = baaad for markets = good for dollar,
Bad news for UK = bad for markets = good for dollar

Good news for US, good for markets = take on risk. buy GBP, EUR
Good news for UK .... well we haven't had any for a long time!!!

your right
please DON'T copy my trades I am still learning
  • #99,915
  • Nov 20, 2008 7:00am Nov 20, 2008 7:00am
make it reverse mogo.. yehhhhh
Patience is the keyword here...
  • #99,916
  • Nov 20, 2008 7:36am Nov 20, 2008 7:36am
Perma bulls are bleeding....
Attached Image
Patience + Discipline - Greed = Success
  • #99,917
  • Nov 20, 2008 7:40am Nov 20, 2008 7:40am
Just testing the waters, it should continue down (not much more room for up).

Nice pinbar on the daily too
Attached Image (click to enlarge)
Click to Enlarge Name: cable.png Size: 5 KB
  • #99,918
  • Nov 20, 2008 7:44am Nov 20, 2008 7:44am
Quoting Infinity
Perma bulls are bleeding....
yeah for sure, thats why i prefer to lose my opinion than my money!! this market all about what the charts telling, being able to think counterintuitively, cutting losses and riding winners, timing is of the essence, luckily mine has been good of late!

soo many opportunities in this market to make $$, trick is not to be fearful and greedy,
Trading is 80% Emotional, 20% Technical
  • #99,919
  • Nov 20, 2008 7:44am Nov 20, 2008 7:44am
Quoting warta
if the 4 h candle close bellow the 4935 , next target will be 470XX , gann hi/lo @ 4935 holding the down trend for the mo
good luck
btw hows u micho, navin , infinity and all guys
All is good bro.. Gu is paying very well. I hope you are doing well my friend..
Patience + Discipline - Greed = Success
  • #99,920
  • Nov 20, 2008 7:47am Nov 20, 2008 7:47am
Quoting fx local
yeah for sure, thats why i prefer to lose my opinion than my money!! this market all about what the charts telling, being able to think counterintuitively, cutting losses and riding winners, timing is of the essence, luckily mine has been good of late!

soo many opportunities in this market to make $$, trick is not to be fearful and greedy,
Add cocky and overconfident to that....
Patience + Discipline - Greed = Success
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