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Cable Update (GBPUSD)

  • #142,661
  • Jul 3, 2009 9:52am Jul 3, 2009 9:52am
Quoting PiPaDoR
Hi Simoneg... what kind of system are u using? If u have one...
I would not say it is a system as it is manual, I use Fibs primarily to establish daily bull and bear targets, support & resistance, candle patterns and only trade 61.8, 78.6 retracements. So my C entries are based on those fib levels especially if converged at swing highs or lows and my D entries are at targets or support or resistance that converge with fib destinations.
Hope that explains.
Hero Traders Live to see their Accounts Die!
  • #142,662
  • Jul 3, 2009 9:53am Jul 3, 2009 9:53am
i dont like the nfa look at there new act
  • #142,663
  • Jul 3, 2009 9:56am Jul 3, 2009 9:56am
Quoting simoneg
I would not say it is a system as it is manual, I use Fibs primarily to establish daily bull and bear targets, support & resistance, candle patterns and only trade 61.8, 78.6 retracements. So my C entries are based on those fib levels especially if converged at swing highs or lows and my D entries are at targets or support or resistance that converge with fib destinations.
Hope that explains.
I understand... very nice... U find a way to make this simple... Congratulations...
  • #142,664
  • Jul 3, 2009 9:58am Jul 3, 2009 9:58am
Quoting PiPaDoR
I understand... very nice... U find a way to make this simple... Congratulations...
Thanks PipaDoR!
Hero Traders Live to see their Accounts Die!
  • #142,665
  • Jul 3, 2009 10:00am Jul 3, 2009 10:00am
Quoting Alado
Hi there,
with the weekenk knocking the door, can we say the GBPUSD PA is going to fall or climb?
Any Suggesttions?
I read somewhere because we are now in summer time and economy is still not good, that EURUSD is going to fall, so the GBPUSD too, cause they are related in some way.
I think they booth are going to fall...
What do you think?
Leaning on a buy from 1.6324, possibly to retest 1.6420 or break there!
Hero Traders Live to see their Accounts Die!
  • #142,666
  • Jul 3, 2009 10:03am Jul 3, 2009 10:03am
now london closed , market will be almost dead , i will go now and see u guyz next week , happy weekend

still have my shorts @ 1.6423 , 1.6373 let's see wt would happen next week
  • #142,667
  • Jul 3, 2009 10:10am Jul 3, 2009 10:10am
Ok all...Have a good weekend! See u next week.
Hero Traders Live to see their Accounts Die!
  • #142,668
  • Jul 3, 2009 10:17am Jul 3, 2009 10:17am
Quoting jack.canadia
Heres my plan for tonight ..

Short at 6430/40 for continuation.

50% level
Daily 38.2% level (2.12-1.35)
Daily M3 and R1 pivots

Only hurdle is the daily pivot.

If the floor falls out now oh well I missed the boat. Im going out for some schawarma!

see yas later

2 for 3 this week on london trade setups .. currently short 6420/25/30
  • #142,669
  • Jul 3, 2009 10:22am Jul 3, 2009 10:22am
Quoting jack.canadia
2 for 3 this week on london trade setups .. currently short 6420/25/30
That's what I'm talking about...low risk entries. Good trade!!
Hero Traders Live to see their Accounts Die!
  • #142,670
  • Jul 3, 2009 10:27am Jul 3, 2009 10:27am
Quoting simoneg
That's what I'm talking about...low risk entries. Good trade!!
I see we've made a lower low now as well.

Hopefully opens up a 6250,6180,6080,6000, and 5800 test in the coming week or two
  • #142,671
  • Jul 3, 2009 10:31am Jul 3, 2009 10:31am
Quoting jack.canadia
I see we've made a lower low now as well.

Hopefully opens up a 6250,6180,6080,6000, and 5800 test in the coming week or two
dont bother watching the charts guys. gonna be a slow day with no new york big boys in the mix

see ya sunday!
  • #142,672
  • Jul 3, 2009 10:37am Jul 3, 2009 10:37am
Quoting jack.canadia
dont bother watching the charts guys. gonna be a slow day with no new york big boys in the mix

see ya sunday!
Have a great weekend Jack!
Hero Traders Live to see their Accounts Die!
  • #142,673
  • Jul 3, 2009 10:54am Jul 3, 2009 10:54am
Hello guys, I'm kinda new on forex market , hope to learn something more on this thread of GBP/USD lovers .
Today I closed negative , hope to take back some pips next week on this short

Hi to everyone!
  • #142,674
  • Jul 3, 2009 11:48am Jul 3, 2009 11:48am
Quote
Hello guys, I'm kinda new on forex market
Me too !!
Have a nice week
  • #142,675
  • Jul 3, 2009 12:29pm Jul 3, 2009 12:29pm
Quoting 2o1oo
Me too !!
Have a nice week
Me too , just joined
  • #142,676
  • Jul 3, 2009 12:41pm Jul 3, 2009 12:41pm
Quoting Macedonia
Don't encourage him. he is a lunatic he always posts charts in hindsight and when he makes calls he later on mentions he is on the side lines only when that call goes against him. He is one culprit that killed auslancos thread (whith crap he just posted) and he will do the same to this thread. And by the way forexlion, someone close to me commited suicide and i am glad you think its funny...NOT. Realy go and have a shower and clean your self properly........ oh and have a good weekend.

  1. The only thread you started is in the recycle bin for posting crap.
  2. None of your posts has anything to contribute as I can see
  3. 90% of your energy is spent on following me and bashing me.


If I were a lunatic and no good, then why should anyone vote for me or give me 24 vouches in the first place ??

or consider my threads good, or anything else

grow up and trade forex seriously, prove to us that you are a serious trader and show us your skills in trading not in a boxing ring

 

  1. I never say I am the best, there are thousands out there far better than me.
  2. I am a student who tries to learn the markets each new day
  3. I have a long standing method which i designed myself and adjusted it to react to market movements.
  4. 47K + pips in 22 weeks is not a joke, its serious money.
  5. I joke just to keep the boredom of trading away, because forex trading is a boring business, you need to gawk at the screen for hours on end for a trend which may last for a few hours.

Attached Image (click to enlarge)
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  • #142,677
  • Edited 9:36pm Jul 3, 2009 6:22pm | Edited 9:36pm
Here some support and resistance material.

Part 1 if you dont have ... http://www.forexfactory.com/attachme...7&d=1244595188

New thread in the journals as well where i'll post my trade plans..

http://www.forexfactory.com/showthread.php?t=180382
Attached File(s)
File Type: pdf Trading Style Part 2.pdf   1.0 MB | 523 downloads
  • #142,678
  • Jul 3, 2009 7:02pm Jul 3, 2009 7:02pm
Quoting forexlion

  1. The only thread you started is in the recycle bin for posting crap.
  2. None of your posts has anything to contribute as I can see
  3. 90% of your energy is spent on following me and bashing me.


If I were a lunatic and no good, then why should anyone vote for me or give me 24 vouches in the first place ??

or consider my threads good, or anything else

grow up and trade forex seriously, prove to us that you are a serious trader and show us your skills in trading not in a boxing ring

[list][*]I never say I am the best, there are...

Forexlion,

Your attempt at humour does not amuse many nor win you friends. I have observed this at auslanco thread too. This is not meant to be a personal attack but constructive comment - forget the humour coz you are a better trader than a comedian.
  • #142,679
  • Jul 3, 2009 8:03pm Jul 3, 2009 8:03pm
LOL.. I forgot to add a STOP LOSS of 30 pips! Woke up and it hit my TP..

phew!

http://img14.imageshack.us/img14/694/gujuly2nd.th.jpg
  • #142,680
  • Jul 3, 2009 8:05pm Jul 3, 2009 8:05pm
Quoting jack.canadia
Here some support and resistance material.
Hi Jack,

I wanted to ask you about your charts. I'm trying to find a good method in MT4 for laying out the HL and SR for my charting and I really like the way you have your charts laid out. They're very clean and easy to read.

I installed the indicators you posted last week, but am having trouble getting my charts to look the same. My SR numbers don't line up on the right hand border. Also, do you manually draw the high low diagonal line or is that done by the software?

If it would be possible to post a template, I'd greatly appreciate it.

Many thanks and have a great weekend!
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