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Cable Update (GBPUSD)

  • #134,041
  • May 23, 2009 7:56am May 23, 2009 7:56am
Quoting avfx
buy or sell. please say your lookout decisive and distinct .


are you want to ambush or directly going to long or directly going short?


thanks every body for answers.
GOD SENT.
  • #134,042
  • Edited 8:01am May 23, 2009 7:57am | Edited 8:01am
The British Pound could continue to rise next week as an uneventful economic calendar offers little event risk to slow the currency’s momentum...

forex-news-help(dot)blogspot(dot)com/2009/05/forex-trading-weekly-forecast-052509.html

Kathy Lien explores the realistic option that the US will receive a credit downgrading.
www (dot)kathylien(dot)com/site/forex-blog/will-the-us-be-the-next-to-receive-credit-warning
ABCD..
  • #134,043
  • May 23, 2009 8:01am May 23, 2009 8:01am
Quoting BBPI_fxtrader
indicators are lagging, you cannot really rely on them

Indicators are all lagging unfortunately but they do give certain degree of accuracy. Its all about discipline, psychology and money management. Indicators help me to build those.
  • #134,044
  • May 23, 2009 8:01am May 23, 2009 8:01am
Quoting sreeprakash
The British Pound could continue to rise next week as an uneventful economic calendar offers little event risk to slow the currency’s momentum...

forex-news-help(dot)blogspot(dot)com/2009/05/forex-trading-weekly-forecast-052509.html

Kathy Lien explores the realistic option that the US will receive a credit downgrading.
http://www(dot)kathylien(dot)com/site/forex-blog/will-the-us-be-the-next-to-receive-credit-warning...

thank you my dear friend . are you wait for news?
GOD SENT.
  • #134,045
  • May 23, 2009 8:03am May 23, 2009 8:03am
Quoting avfx
thank you my dear friend . are you wait for news?
No actually. I dont like trading in news time. But somehow I trap into news time. But check news often.

I use fibo and indicators normally.
ABCD..
  • #134,046
  • May 23, 2009 12:11pm May 23, 2009 12:11pm
news is hard to predict actually, u need a very sharp intuition with fast decision making when u deal with news. The spread is big and u can involve your emotion when u trade with news. Thats why many people does not trade between news times and prefer a safe trade outside news timeline.. and again for Avfx, in time like this i dont think anyone trying to placing any trade because yes GU is overbought but also people expecting it to reach 1.6.. CMIW, your call..
  • #134,047
  • May 23, 2009 12:38pm May 23, 2009 12:38pm
Quoting mloistianto
news is hard to predict actually, u need a very sharp intuition with fast decision making when u deal with news. The spread is big and u can involve your emotion when u trade with news. Thats why many people does not trade between news times and prefer a safe trade outside news timeline.. and again for Avfx, in time like this i dont think anyone trying to placing any trade because yes GU is overbought but also people expecting it to reach 1.6.. CMIW, your call..

THANKS for your reply.
GOD SENT.
  • #134,048
  • May 23, 2009 5:53pm May 23, 2009 5:53pm
We are going to the next Fibbonacci level. After day is night, so after down move is uptend. Especially that big down what happend last months. There is no schock to people applying basic techniacal analisys. More accurate and useful information you will get thoorrow.

PS.
1. Don't be wish trader
2. You can earn on longs and shorts. Don't prefer one better than other

Best regards
  • #134,049
  • May 23, 2009 11:49pm May 23, 2009 11:49pm
Quoting AbgZuhaini
I just look at daily zigzags. The average move of up and down for the last 7 months is around 1500 pips. Now it does reach 1500 pips up and could retrace anytime. Thats why I would not buy from here and looking for a sell
Thanks for your reply..
So, u will short on next week??http://www.forexfactory.com/images/icons/icon6.gif
  • #134,050
  • May 24, 2009 2:01am May 24, 2009 2:01am
http://broadcast.ino.com/education/kiss/?blog
checkout this video...
  • #134,051
  • May 24, 2009 5:49am May 24, 2009 5:49am
I think the pro`s say, that when it comes out of channel, it goes so long as what the channel size was(often or always?). But must come some retracements(or is it must?), before target is hit (if).

?
Attached Image (click to enlarge)
Click to Enlarge Name: 8.gif Size: 18 KB
  • #134,052
  • May 24, 2009 1:18pm May 24, 2009 1:18pm
http://www.imgphase.com/upload/img/5...b6c3208a85.gif
  • #134,053
  • May 24, 2009 2:33pm May 24, 2009 2:33pm
GU...nice pair to trade...has anyone seen that the upmove has stopped at monthly R3 (Standard-Pivot) ?
  • #134,054
  • May 24, 2009 4:25pm May 24, 2009 4:25pm
Hi Guys, I am new here and love to say thanks to good analysis on the Cable. Wish all of U'all the best of luck...
  • #134,055
  • May 24, 2009 4:33pm May 24, 2009 4:33pm
From a gann viewpoint, cable above 1.59 is a good sell
  • #134,056
  • May 24, 2009 4:42pm May 24, 2009 4:42pm
Quoting stallionez
From a gann viewpoint, cable above 1.59 is a good sell
chill..wait for it to test 5940..

try this system i found..good for me so far..

remember to keep it simple n straight..babypips.com..
Attached File(s)
File Type: zip THV.zip   147 KB | 568 downloads
  • #134,057
  • May 24, 2009 4:48pm May 24, 2009 4:48pm
thanks for the info, i am new to MQL4. Where do i unzip the attached files to?
  • #134,058
  • May 24, 2009 4:56pm May 24, 2009 4:56pm
Quoting stallionez
thanks for the info, i am new to MQL4. Where do i unzip the attached files to?
copy all indicators to here.
Crogram FilesMetaTrader - (yourBroker)\experts\indicators

then copy templates
Crogram FilesMetaTrader - (yourBroker)\templates

p/s..copy only the files..not together with folder..
  • #134,059
  • May 24, 2009 4:56pm May 24, 2009 4:56pm
Enter a long on friday, and banked 90 pips... But we enterin a channel, so I sit and watch. Goodluck!!
  • #134,060
  • May 24, 2009 5:09pm May 24, 2009 5:09pm
Quoting dRunKen aRmy
copy all indicators to here.
Crogram FilesMetaTrader - (yourBroker)expertsindicators

then copy templates
Crogram FilesMetaTrader - (yourBroker)templates

p/s..copy only the files..not together with folder..

Got it, thanks. will now get my head around how this works!
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