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Cable Update (GBPUSD)

  • #139,581
  • Jun 24, 2009 2:56am Jun 24, 2009 2:56am
Quoting davids
I think you should get that buy button of yours out of storage
I got both buttons out already mate. Just waiting for the breakout
Thank You
  • #139,582
  • Jun 24, 2009 2:57am Jun 24, 2009 2:57am
WISH CABLE STOP THERE NOT GO FURTHER UP THEN WE WILL SEE BOTTOM COZ OF DOUBLE TOPS ON H1 H4
  • #139,583
  • Jun 24, 2009 2:59am Jun 24, 2009 2:59am
Quoting Faryad
WISH CABLE STOP THERE NOT GO FURTHER UP THEN WE WILL SEE BOTTOM COZ OF DOUBLE TOPS ON H1 H4
Your wish is my command! We go down now!
Thank You
  • #139,584
  • Jun 24, 2009 3:03am Jun 24, 2009 3:03am
Quoting readerFX
1 hour overbought.. Trade line not broken (yet)...

Going short @ 1.6557 target 1.62300

Don't follow me, i'm just testing RSI reliability.
RSI on its own it pretty useless

RSI offer better results when used together with other indicators like moving average and stochastic crosses. The signals are more reliable when RSI is corresponding to the signals. Fore example a buy signal generated from a crossover is more reliable when RSI is at oversold area and a sell signal is more reliable when RSI is at overbought area.

Advantages of using RSI in forex trading include simplicity and support from both simple and complex trading strategies. Disadvantages include false trading signals and lesser reliability when used singly.

If RSI is above 70, the pair is considered to be overbought. Some traders enter short at this point, but this can be dangerous as the price may still be rising. Enter short when the RSI crosses back under 70, as this may indicate that the momentum has turned. If the RSI is below 30, the pair is considered to be oversold; enter when RSI crosses back above 30. Like most oscillators, RSI works best when the market is range-bound — in other words, when the market is expected to simply gravitate between an upper and lower level. In trending or momentum-driven markets, using the overbought/oversold levels offered by RSI is generally of limited value.
  • #139,585
  • Jun 24, 2009 3:04am Jun 24, 2009 3:04am
Quoting wormboy
Your wish is my command! We go down now!
LOL
  • #139,586
  • Jun 24, 2009 3:05am Jun 24, 2009 3:05am
Quoting wormboy
the h4 utl still intact. what's the rush? you won't lose $ by waiting you know ..
Thats right but tangan gatal le, ada ubat? Where to short?
Great Bodies are Engineered not Born
  • #139,587
  • Jun 24, 2009 3:06am Jun 24, 2009 3:06am
Could we short now?
{Promotion Removed}
  • #139,588
  • Jun 24, 2009 3:08am Jun 24, 2009 3:08am
STILL NOT CONFIRM
  • #139,589
  • Jun 24, 2009 3:08am Jun 24, 2009 3:08am
Quoting RichLadyFX
Thats right but tangan gatal le, ada ubat? Where to short?
sabar separuh dari iman bro..
  • #139,590
  • Jun 24, 2009 3:09am Jun 24, 2009 3:09am
WORMBOY STILL I AM IN LONG N WISHING FOR A DOWN
  • #139,591
  • Jun 24, 2009 3:10am Jun 24, 2009 3:10am
Quoting RichLadyFX
Thats right but tangan gatal le, ada ubat? Where to short?
Gatal ekkk .. meh saya garu
I dunno about you. I've already said I will only short when price close below 6300 and long above 6600. Good luck melady
Thank You
  • #139,592
  • Jun 24, 2009 3:11am Jun 24, 2009 3:11am
Quoting Faryad
WORMBOY STILL I AM IN LONG N WISHING FOR A DOWN
lol careful what you wish for
Thank You
  • #139,593
  • Jun 24, 2009 3:11am Jun 24, 2009 3:11am
Quoting davids
RSI on its own it pretty useless

RSI offer better results when used together with other indicators like moving average and stochastic crosses. The signals are more reliable when RSI is corresponding to the signals. Fore example a buy signal generated from a crossover is more reliable when RSI is at oversold area and a sell signal is more reliable when RSI is at overbought area.

Advantages of using RSI in forex trading include simplicity and support from both simple and complex trading strategies. Disadvantages include false trading signals...
Then use 80 & 20 for OB and OS lol...
  • #139,594
  • Jun 24, 2009 3:15am Jun 24, 2009 3:15am
Quoting eychenz
i've a long from 6420.
and moved my sl on my open price...
any idea?
i got my tp at 6570

maybe continue upward , but i won't go with her
  • #139,595
  • Jun 24, 2009 3:16am Jun 24, 2009 3:16am
Quoting wormboy
lol careful what you wish for

LOVE TO PLAY END MY LONG IF WE ENTER IN 1.66... ALREADY +102 PIPS OTHERWISE IF WE GO FOR DOWN THEN END WITH +10 PIPS
  • #139,596
  • Jun 24, 2009 3:20am Jun 24, 2009 3:20am
Quoting grashid
sabar separuh dari iman bro..
Sebahagian le, kebersihan juga. Jaga2 swine flu. The finger seem to have mind of its own. Very itchy if no position!
Great Bodies are Engineered not Born
  • #139,597
  • Jun 24, 2009 3:22am Jun 24, 2009 3:22am
Long in eur/usd from 1.4114 t/p 30 pips
  • #139,598
  • Jun 24, 2009 3:22am Jun 24, 2009 3:22am
out long @6580. I think Cable hold around here for range and wait for NY session.
wait for long again .
Angelina.
  • #139,599
  • Jun 24, 2009 3:24am Jun 24, 2009 3:24am
Quoting RichLadyFX
Sebahagian le, kebersihan juga. Jaga2 swine flu. The finger seem to have mind of its own. Very itchy if no position!
..learn MM & your emotion bro...this what i learn before....take almost 3 year for 300pips/daily target to be establish...and now i have more than X5 from total losses...and do not forget FOMC today bro...good luck
  • #139,600
  • Jun 24, 2009 3:24am Jun 24, 2009 3:24am
Angelina, are you gonna short or stay out?
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