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Cable Update (GBPUSD)

  • #134,521
  • May 28, 2009 3:43am May 28, 2009 3:43am
Quoting myteax
i really dont know whats so nice abt this.... so much confusion.. guys be careful... another secret to trading forex is "MAKE IT SIMPLE"
If You are a REAL Forex Consultant then give a good explanation of Price Action and trading .
Be a FX MAN and not a FX MOUSE!!!
Inzider did a very GOOD Job.
  • #134,522
  • May 28, 2009 3:53am May 28, 2009 3:53am
Quoting myteax
i really dont know whats so nice abt this.... so much confusion.. guys be careful... another secret to trading forex is "MAKE IT SIMPLE"
Hey, I am no Forex expert - but Inziders explanations are really not confusing. It's basics, my friend.

You are Forex Consultant? Maybe selling some indicators LOL
  • #134,523
  • May 28, 2009 3:56am May 28, 2009 3:56am
hellow, I dont think a debate like this is good in this thread, i dont feel comfort like this, and why dont we just get along? really good if we can share everything without anyones complaining or mocking each other. thanks
  • #134,524
  • May 28, 2009 4:00am May 28, 2009 4:00am
trust your own system and discipline...
well im lack of discipline, already kill my account twice.
- Always pray on your trading - God know the best for everyone
  • #134,525
  • May 28, 2009 4:02am May 28, 2009 4:02am
Don't be so sweet we are having fun!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2biggestMistakes.jpg Size: 55 KB
Click to Enlarge Name: Supply-Demand.jpg Size: 58 KB
  • #134,526
  • May 28, 2009 4:08am May 28, 2009 4:08am
selling after decline price?....any?
- Always pray on your trading - God know the best for everyone
  • #134,527
  • May 28, 2009 4:08am May 28, 2009 4:08am
Quoting Inzider
Don't be so sweet we are having fun!
In your opinion, do you think 1.5940 a good place to short now?
  • #134,528
  • May 28, 2009 4:11am May 28, 2009 4:11am
Quoting at2au
If You are a REAL Forex Consultant then give a good explanation of Price Action and trading .
Be a FX MAN and not a FX MOUSE!!!
Inzider did a very GOOD Job.
You know what... i Pity you... I said it before make it simple as possible... I dont use indicators... You will lose all you have in this market if you think complication is the best module of learning..
  • #134,529
  • May 28, 2009 4:12am May 28, 2009 4:12am
beware of GB news...
im thinking to short on 4x too...
wait for a good chart movement
- Always pray on your trading - God know the best for everyone
  • #134,530
  • May 28, 2009 4:14am May 28, 2009 4:14am
Quoting 4cfx
In your opinion, do you think 1.5940 a good place to short now?
I don't like the stall in price, from here it could do anything.

I'm looking at zeroing last move up, but price dosen't seems to aim for it.

target on upside is 1.5963, down 1.5875... maby London is into lunch time, so no one is likely to make THE next move.

Looks like we are consolidating so... last low is not taken, as last high over 15 min TF...

I'm more bullish... i don't thinK we will leave 1.60 like this, i can be wrong, im' no psychic Just trading like you.
  • #134,531
  • May 28, 2009 4:16am May 28, 2009 4:16am
Quoting perebeks
please i would like to know wat divergence indicator u use and perharps u can share it with us---mi------i'm a newbie 2!!!!
Thanks PQT for your reply.

Hi Perebeks,

I am using RSX for divergence. See attachment. You can learn more about divergence from http://www.babypips.com/school/divergence_trading.html

It's very useful site for newbies.

Alifari
Attached File(s)
File Type: mq4 MA_of_RSX_RefreshFixed.mq4   5 KB | 331 downloads
File Type: mq4 rsx.mq4   4 KB | 295 downloads
The purpose of knowledge is action, not knowledge
  • #134,532
  • May 28, 2009 4:18am May 28, 2009 4:18am
Quoting Inzider
I don't like the stall in price, from here it could do anything.

I'm looking at zeroing last move up, but price dosen't seems to aim for it.

target on upside is 1.5963, down 1.5875... maby London is into lunch time, so no one is likely to make THE next move.

Looks like we are consolidating so... last low is not taken, as last high over 15 min TF...

I'm more bullish... i don't thinK we will leave 1.60 like this, i can be wrong, im' no psychic Just trading like you.
I'm with you on cable going up again to beyond 1.60, possibly 1.63. But I think there's a bit more to the retracement, maybe down to 1.5750 or more.

You are quite right. PA is on the up. Let's see if it breaks 1.5960 which is a strong 50 EMA resistance.
  • #134,533
  • May 28, 2009 4:19am May 28, 2009 4:19am
H&S on M15 or d'ya reckon it'll go and retest 1.594x?
  • #134,534
  • May 28, 2009 4:20am May 28, 2009 4:20am
Quoting myteax
You know what... i Pity you... I said it before make it simple as possible... I dont use indicators... You will lose all you have in this market if you think complication is the best module of learning..
hey..chill..u wif ur own tought,others wif their own..i don see problems wif inziders explaination..n yes,make it simple as possible BUT trade wif ur own risk..
  • #134,535
  • May 28, 2009 4:22am May 28, 2009 4:22am
Quoting kingindian
beware of GB news...
im thinking to short on 4x too...
wait for a good chart movement
good luck to yur new account....
  • #134,536
  • May 28, 2009 4:22am May 28, 2009 4:22am
Quoting forex_sake
H&S on M15 or d'ya reckon it'll go and retest 1.594x?
Errrr, I mean retest 1.5840 something (I got too many S&R lines on the chart to see the text!)
  • #134,537
  • May 28, 2009 4:23am May 28, 2009 4:23am
Quoting Inzider
Don't be so sweet we are having fun!
What Online Trading Acadamy title are the pics from? I like their training and have some but I don't have that one.
  • #134,538
  • May 28, 2009 4:25am May 28, 2009 4:25am
Attached Image (click to enlarge)
Click to Enlarge Name: rest.gif Size: 20 KB
  • #134,539
  • May 28, 2009 4:25am May 28, 2009 4:25am
Quoting forex_sake
Errrr, I mean retest 1.5840 something (I got too many S&R lines on the chart to see the text!)

or best to wait til the 11 o'cock news before deciding
  • #134,540
  • May 28, 2009 4:30am May 28, 2009 4:30am
Quoting Forexpreneur
What Online Trading Acadamy title are the pics from? I like their training and have some but I don't have that one.
http://www.forexfactory.com/showpost...stcount=122072
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Biax, is that KG daily standard deviation that give you those line?
Looks accurate.
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