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Cable Update (GBPUSD)

  • #105,041
  • Dec 8, 2008 2:11am Dec 8, 2008 2:11am
18? good for you man! all the best! + thanks for the support/advice!
  • #105,042
  • Dec 8, 2008 2:11am Dec 8, 2008 2:11am
Impressive!

is that all you use is Fibs?

Quoting Shermenator
Yep they are great...this is how I make my income day by day lol....I am an 18 year old guy that simply loves forex and this are the tools that make me a great income.
  • #105,043
  • Dec 8, 2008 2:14am Dec 8, 2008 2:14am
Quoting monster
18? good for you man! all the best! + thanks for the support/advice!
Yep I am 18 years old started trading when I was 17 ....I am about to turn 19 soon though
  • #105,044
  • Dec 8, 2008 2:15am Dec 8, 2008 2:15am
Quoting rdtsa09
Impressive!

is that all you use is Fibs?
Yep I dont need anything but fibbs...they are the key to everything I do in forex....they are money makers lol
  • #105,045
  • Dec 8, 2008 2:17am Dec 8, 2008 2:17am
keep on posting those screen shots....i gotta figure out what ur thinking
  • #105,046
  • Dec 8, 2008 2:20am Dec 8, 2008 2:20am
See what happends when price hit fibbs ...they react to them nicely...they work

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 22 KB



the market is still trading higher by all means...everything in between the hour is noise.....
  • #105,047
  • Dec 8, 2008 2:27am Dec 8, 2008 2:27am
what time frame chart do you trade off of?
  • #105,048
  • Dec 8, 2008 2:30am Dec 8, 2008 2:30am
Quoting monster
how far back does that fib go?

and are you trading on an hrly chart?
That fibb is simply meusring the last daily wave form....I trade every time frame as long as it looks clear....1 hour and up....and I take trades against my trades when needed each trade has its own target so I dont do this is to hedge in no shape or form...some are scalps and some are holding postions...it all comes down to the condition the market is in refrence to the fibbs...this trade was taken from the daily perspectice since trading any signal lower then this timeframe was risky today since it was rangy....so when in doubt of direction zoom out and play the larger timeframes...
  • #105,049
  • Dec 8, 2008 2:31am Dec 8, 2008 2:31am
some heavy profit taking for the long term short positions maybe...

hey pipgal
When life gives you lemons, make lemonade
  • #105,050
  • Dec 8, 2008 2:36am Dec 8, 2008 2:36am
Quoting Shermenator
That fibb is simply meusring the last daily wave form....I trade every time frame as long as it looks clear....1 hour and up....and I take trades against my trades when needed each trade has its own target so I dont do this is to hedge in no shape or form...some are scalps and some are holding postions...it all comes down to the condition the market is in refrence to the fibbs...this trade was taken from the daily perspectice since trading any signal lower then this timeframe was risky today since it was rangy....so when in doubt of direction zoom...

Sick!
  • #105,051
  • Dec 8, 2008 2:36am Dec 8, 2008 2:36am
It is a 300++ pips reversal from the low.
It's due for this baby to move southwards
  • #105,052
  • Dec 8, 2008 2:38am Dec 8, 2008 2:38am
Quoting gagakrimba
It is a 300++ pips reversal from the low.
It's due for this baby to move southwards

I'm down if sherm is! guy knows his ish!
  • #105,053
  • Dec 8, 2008 2:39am Dec 8, 2008 2:39am
Quoting gagakrimba
It is a 300++ pips reversal from the low.
It's due for this baby to move southwards
well i wont short... so beware
When life gives you lemons, make lemonade
  • #105,054
  • Dec 8, 2008 2:41am Dec 8, 2008 2:41am
Quoting micho
well i wont short... so beware
stochs are soooo high though
  • #105,055
  • Dec 8, 2008 2:42am Dec 8, 2008 2:42am
Quoting micho
well i wont short... so beware
Short @ 1.5005
  • #105,056
  • Dec 8, 2008 2:42am Dec 8, 2008 2:42am
If the big boys are serious about taking this long, they will break the R3 pivot at 1.5063, at which point automated buying will kick in.

I dont believe they have the balls to do it, so I'm short.
If it's too good to be true, it probably is.
  • #105,057
  • Dec 8, 2008 2:44am Dec 8, 2008 2:44am
Quoting gagakrimba
Short @ 1.5005
There she goes tumbling
  • #105,058
  • Dec 8, 2008 2:44am Dec 8, 2008 2:44am
Quoting micho
well i wont short... so beware
Nice area to throw a sell limit....I expect some longs to take profits....my daily long is out 90 percent already so everything here is a bonus...and yea your short is great ....but a bitt to early for me ....I whant to see a little shift in price at least to start trading lower....

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 22 KB
  • #105,059
  • Dec 8, 2008 2:45am Dec 8, 2008 2:45am
Quoting SimonK
If the big boys are serious about taking this long, they will break the R3 pivot at 1.5063, at which point automated buying will kick in.

I dont believe they have the balls to do it, so I'm short.
Short this baby
  • #105,060
  • Dec 8, 2008 2:45am Dec 8, 2008 2:45am
Love it! Pump it up before the news so it can be sold again.
If it's too good to be true, it probably is.
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