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Cable Update (GBPUSD)

  • #129,601
  • Apr 15, 2009 4:19am Apr 15, 2009 4:19am
Quoting eaglestar
color coding of multiple time frames on one chart. this is pretty basic. when i add fibs and s/r it gets a bit more difficult to read.
Basic, huh.......

I guess I lost my taste for complex charts ever since I started trading naked. Enough years of watching charts with all that on it has trained me. I see fibs and TLs by instinct. I only put them on to post a chart and I have to be careful not to go crazy with them all over. Otherwise its empty for myself.

Love the clean chart now. I can see everything with no distractions.
  • #129,602
  • Apr 15, 2009 4:28am Apr 15, 2009 4:28am
mix market today can't say that it will up or down but i think now time or sell after few min coz market already moved over 150 points in 3 hours so it could retrace back 50-100 points again....just my idea
let see what happens


Ub
  • #129,603
  • Apr 15, 2009 4:48am Apr 15, 2009 4:48am
Quoting bobcat
According to the method should we of sold at 14860? ( 2 hours ago)
if that was for me that is 148860 i have fxpro which adds extra decimal so can be confusing to new traders. i try to take only trades in most recent major trend direction you could have sold at 14886 to lows from yesterday. all lines are pointing up except black with black lines being most important. i will show chart but i am only analyzing today not making any trades.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd041509-3.gif Size: 28 KB
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #129,604
  • Apr 15, 2009 4:52am Apr 15, 2009 4:52am
Quoting Pipsta
Basic, huh.......

I guess I lost my taste for complex charts ever since I started trading naked. Enough years of watching charts with all that on it has trained me. I see fibs and TLs by instinct. I only put them on to post a chart and I have to be careful not to go crazy with them all over. Otherwise its empty for myself.

Love the clean chart now. I can see everything with no distractions.
well with small sl of 10 your risk reward ratio is extremely high when trading on higher tf trendlines. if you are good enough to see all this in your head then i salute you throw up a chart with a trade so i can analyze please.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #129,605
  • Apr 15, 2009 4:59am Apr 15, 2009 4:59am
Quoting Lopuch
Yes, it is all very nice, but how you traded today?
Profit or loss?
Thank you.
Still no position yet, i think the clear move will happen once US session is open.
  • #129,606
  • Apr 15, 2009 5:20am Apr 15, 2009 5:20am
To Abu

if i go short from 1.4965..i will i be wrong?..
  • #129,607
  • Apr 15, 2009 5:25am Apr 15, 2009 5:25am
asian s been selling USD

hmmm . . i shouldve long this.
im a chicken
  • #129,608
  • Apr 15, 2009 5:34am Apr 15, 2009 5:34am
Hi Geppyg,

U and many other laughed at my post, and thought GU could not go above 1.4950 yesterday.

Today, u can see that after a retracement of a hundred pips down yesterday during US session, GU went up strongly to 1.5002 (highest as of now).

So, maybe, many sell trades were hit stop losses.

I had a counter-trend of sell and won yesterday, and jumped on re-buying at 1.4830 and rode it up to take profit at 1.4990.

Now, I made a sell at 1.4995, stop loss 1.5020, take profit 1.4850, farther to 1.4820. A good risk / reward trade.

Everything can happen in life, including forex. If we can not predict and expect the future price movement of forex pairs, we will lose much money to the market.

Have a good day !

James
  • #129,609
  • Apr 15, 2009 5:35am Apr 15, 2009 5:35am
Quoting Mohammad
April 2009
UP
Attached Image (click to enlarge)
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  • #129,610
  • Apr 15, 2009 5:38am Apr 15, 2009 5:38am
Quoting james_phuc28
Hi Geppyg,

U and many other laughed at my post, and thought GU could not go above 1.4950 yesterday.
You have my respect for not joining the herd.
Thank You
  • #129,611
  • Apr 15, 2009 5:42am Apr 15, 2009 5:42am
Hi,

My new sell was hit stop loss at 1.5020.

Now, I am in a new buy trade at 1.5020, take profit at 1.6500, stop loss at 1.4850.

Let's see if GU will be able to reach to my profit target or not. But at least, my prediction of yesterday that GU would go above 1.5000 is correct as of now.

There is nothing low or high in forex market. It's just a matter that we can follow the correct direction of the trend or not.

Wish you all win in your trades.

James
  • #129,612
  • Apr 15, 2009 5:42am Apr 15, 2009 5:42am
Quoting james_phuc28
Hi Geppyg,

U and many other laughed at my post, and thought GU could not go above 1.4950 yesterday.

Today, u can see that after a retracement of a hundred pips down yesterday during US session, GU went up strongly to 1.5002 (highest as of now).

So, maybe, many sell trades were hit stop losses.

I had a counter-trend of sell and won yesterday, and jumped on re-buying at 1.4830 and rode it up to take profit at 1.4990.

Now, I made a sell at 1.4995, stop loss 1.5020, take profit 1.4850, farther to 1.4820. A good risk / reward trade.

Everything...
You are a stupid trader.....
WTF do you mean by it went there you make me laugh...you were making a call of 1.6000 are you delusional.....or what

Trade the charts....your trade has kicked in I will closely monitor this for you if you want..... now way will it go to 1.6000 without retracement I can bet on it
Let Price determine your future!
  • #129,613
  • Apr 15, 2009 5:45am Apr 15, 2009 5:45am
Quoting james_phuc28
Hi Geppyg,

U and many other laughed at my post, and thought GU could not go above 1.4950 yesterday.

Today, u can see that after a retracement of a hundred pips down yesterday during US session, GU went up strongly to 1.5002 (highest as of now).

So, maybe, many sell trades were hit stop losses.

I had a counter-trend of sell and won yesterday, and jumped on re-buying at 1.4830 and rode it up to take profit at 1.4990.

Now, I made a sell at 1.4995, stop loss 1.5020, take profit 1.4850, farther to 1.4820. A good risk / reward trade.

Everything...
I thought you were long at 5020 with a stop at 4900 hmmm me wonders....Paper mache trading...lol.. even those trade you have lost it has already hit your stop....lol
Let Price determine your future!
  • #129,614
  • Apr 15, 2009 5:47am Apr 15, 2009 5:47am
james_phuc28 ---I am not here to prove you wrong buddy... the laugh was based on the call of 1.6000 with a 100 point stop....I trade for a living buddy...

Wish you good luck
I dont know how you are expecting 1.4820...
Good luck but the last trade is a more logical trade than your first one
Let Price determine your future!
  • #129,615
  • Apr 15, 2009 5:47am Apr 15, 2009 5:47am
Quoting james_phuc28
Hi Geppyg,

U and many other laughed at my post, and thought GU could not go above 1.4950 yesterday.

Today, u can see that after a retracement of a hundred pips down yesterday during US session, GU went up strongly to 1.5002 (highest as of now).

So, maybe, many sell trades were hit stop losses.

I had a counter-trend of sell and won yesterday, and jumped on re-buying at 1.4830 and rode it up to take profit at 1.4990.

Now, I made a sell at 1.4995, stop loss 1.5020, take profit 1.4850, farther to 1.4820. A good risk / reward trade.

Everything...
.....time to sell again
  • #129,616
  • Apr 15, 2009 5:48am Apr 15, 2009 5:48am
I think GBPUSD gonna close the gap

Attached Image (click to enlarge)
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  • #129,617
  • Apr 15, 2009 5:53am Apr 15, 2009 5:53am
hi

i long @ morning @ 1.4830 and closed early @ 1.4960

looking to long again around 1.4890
  • #129,618
  • Apr 15, 2009 6:16am Apr 15, 2009 6:16am
1.61 is certainly possible so long as 1.5250 can hold as support
  • #129,619
  • Apr 15, 2009 6:25am Apr 15, 2009 6:25am
Quoting deboooo2005
hi

i long @ morning @ 1.4830 and closed early @ 1.4960

looking to long again around 1.4890
good shot buddy i went long too but i closed at 910 but please keep update here when you went short or long...wish you good luck sure it will down again


Ub
  • #129,620
  • Apr 15, 2009 6:31am Apr 15, 2009 6:31am
Quoting eaglestar
well with small sl of 10 your risk reward ratio is extremely high when trading on higher tf trendlines. if you are good enough to see all this in your head then i salute you throw up a chart with a trade so i can analyze please.
Long time ago I stopped posting my trades. Since I often neglect fair protocols of having and therefore posting targets and stop losses. Don't want the new traders to follow me and my bad habits that work for me.

In fact for quite awhile I haven't posted or even followed forums. Just felt like revisiting and soon after posting again. It's too easy to distract me with everyone's commentary and calls. I lose sight of my own strategy and rules. Lost in the investigating of so many systems.

I like to post my simple ideas with my simple charts and just a bit of insight. Maybe I can help someone else see simple price action interacting with trend lines, fibs and SnR. I learned from a guy who managed huge accounts for others and he used just trendlines, fibs and SnR. I've also incorporated a stoch for the benefit of optimizing entry/exit.

Like earlier I posted a chart about a top TL of 1.51 by 24-48 hours. I also mentioned overbought lower time frames. I knew if people went short that it might last one session or so in their favor then reverse bigger. Didn't want anyone napping on it. Hence I said be wary. I waited it out till the stochs lined up and entry was tighter. 4hr stoch is still contra but one off is good enough if the setup is right.

I did well on both eu and gu, my two favs. But wasn't about to make calls since my system is fairly impromptu and no set SL or targets. Just see when it makes its move, get in and when it fizzles out and get out. Now I'm out. It might retrace more than I'd like to hold on. Can join again if I wish.
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