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Cable Update (GBPUSD)

  • #146,641
  • Jul 15, 2009 3:46pm Jul 15, 2009 3:46pm
Quoting MoForce
because it probably is a trap, see you guys at the bottom



The lender gained 1.9 percent to $1.64 today before trading was halted by the New York Stock Exchange. The stock, which dropped 64 percent this year, sold for more than $60 in February 2007.

CIT stock was halted traidng .. .they are US biggest commerical lender !!!! talks fell apart

$100 bucks say Goldman sachs buys them for next to nothing
Blogging daily now at www.volume.zone
  • #146,642
  • Jul 15, 2009 3:58pm Jul 15, 2009 3:58pm
Quoting Lejumeau
There is no setting it is a Pivot indicator you install the indicator on your meta4. and it will draw the line on every new trading day starting at 5pm. I use it to give direction and then use the daily pivot and the weekly pivot for profit target.

If price cross over the Darma pivot I will go long to the next daily pivot or weekly. if price croos down on the Darma I will go short to the nex daily or weekly pivot .

On the chart the black and purple line are my new daily pivot for each new trading day. the full line blue and pink are my weelky...
sure i understand. you using OOTB settings. it is for our friend that asked, but ill tell him, you should adapt your market watch time to the indi, so the pivot changes at correct hours.
  • #146,643
  • Jul 15, 2009 4:07pm Jul 15, 2009 4:07pm
Quoting Lejumeau
There is no setting it is a Pivot indicator you install the indicator on your meta4. and it will draw the line on every new trading day starting at 5pm.
Just curious, did you find all these indicators on your own or did a little place called Stellar have anything to do with it?
Ghost Rider - WWTBMD?
  • #146,644
  • Jul 15, 2009 4:10pm Jul 15, 2009 4:10pm
Support Resistance Levels 16 July 2009

1,646 - 1,6504 - 1,6535 - 1,6607 - 1,664

1,6419

1,6402 - 1,6348 - 1,6249 - 1,6205 - 1,6178

-----------

My English is not very good, but
My support resistance is very good
  • #146,645
  • Jul 15, 2009 4:18pm Jul 15, 2009 4:18pm
Quoting malcolmb14
The lender gained 1.9 percent to $1.64 today before trading was halted by the New York Stock Exchange. The stock, which dropped 64 percent this year, sold for more than $60 in February 2007.

CIT stock was halted traidng .. .they are US biggest commerical lender !!!! talks fell apart

$100 bucks say Goldman sachs buys them for next to nothing
http://www.google.com/finance?q=NYSE%3ACIT
What's with it showing up as $0.01?
LOL, here comes GS...
  • #146,646
  • Jul 15, 2009 4:37pm Jul 15, 2009 4:37pm
Quoting albchr
Just curious, did you find all these indicators on your own or did a little place called Stellar have anything to do with it?
I dont know about stellar. But about 1 years ago I did pay big buck for a learning strategy and coaching about pivot indicator. And I can tell you it work it is the best tool I ever seen it is not lagging indicator. When you plot Pivot indic on your chart you can see rigth away the power of this tool, it make it so simple because it give you reference point. it is just like going up a stair case if price get over a pivot we go to the next if not we go back down on and on.

I start making real money on forex when I start using these tool. And my plan is leaving my full time job this next January. Please copy this post and ask me about that again next january I will be so happy i'm telling you.

i know everybody have it owns style and owns tool for trading and it is fine but if you give it some attention to the pivot strategy it is for sure you will increase your success.

the strategy is realy simple you buy and sell only at pivot line that's all.
  • #146,647
  • Jul 15, 2009 4:40pm Jul 15, 2009 4:40pm
Quoting Lejumeau
I dont know about stellar. But about 1 years ago I did pay big buck for a learning strategy and coaching about pivot indicator. And I can tell you it work it is the best tool I ever seen it is not lagging indicator. When you plot Pivot indic on your chart you can see rigth away the power of this tool, it make it so simple because it give you reference point. it is just like going up a stair case if price get over a pivot we go to the next if not we go back down on and on.

I start making real money on forex when I start using these tool. And my...
when i said the strategy is simple I mean the strategy itself is simple but still you need experience to make it succesefull. you dont just get in there blindy.
  • #146,648
  • Jul 15, 2009 4:42pm Jul 15, 2009 4:42pm
looks like she starts going down little bit.

so I out my long @ 6430.
hope 6350 hold for next long ;D

Angelina.
  • #146,649
  • Jul 15, 2009 4:47pm Jul 15, 2009 4:47pm
Quoting Lejumeau
I dont know about stellar. But about 1 years ago I did pay big buck for a learning strategy and coaching about pivot indicator.
Yeah I paid big bucks for a course that gave all these so called "proprietary" indicators that I've since found for free all over the net. What a waste of time and money...LOL I've learned more on this forum in 2 weeks for free than they taught me in 3 months for 4500 bucks...LOL

Oh well, live and learn. Glad it's working for you...
Ghost Rider - WWTBMD?
  • #146,650
  • Jul 15, 2009 5:00pm Jul 15, 2009 5:00pm
Quoting albchr
Yeah I paid big bucks for a course that gave all these so called "proprietary" indicators that I've since found for free all over the net. What a waste of time and money...LOL I've learned more on this forum in 2 weeks for free than they taught me in 3 months for 4500 bucks...LOL

Oh well, live and learn. Glad it's working for you...
I agree I did pay too much also and I was quite obset when i saw that you can get those indic for free , but how more many year i would still be looking for a good strategy if I wouldn't buy this. So I put it this way it did help me in my progression of been succesfull on forex, and that make me forget about how expensive I paid for my learning. It is part of my investement and deductable for income tax so you get it back in certain way
  • #146,651
  • Jul 15, 2009 5:01pm Jul 15, 2009 5:01pm
Quoting malcolmb14
why does this the last three day have bull trap written all over it ?

market ripping up based on intel results ???? !!!!!!!!!!!! what are they going to emply the 20 million or so americans out of work ?

bull trap for sure .... question is how long for trap to play out

CIT news hanging out there
FOMC...
DOW is set to achieve the 8782 level and there is no denying that

and my system just gave an indication which will be confirmed at europe open that 1.6520 is the target for today on GU

so I will be buying with SL just below 1.64

good luck with your bull traps
Attached Image (click to enlarge)
Click to Enlarge Name: dow.gif Size: 19 KB
  • #146,652
  • Jul 15, 2009 5:06pm Jul 15, 2009 5:06pm
Quoting forexlion
DOW is set to achieve the 8782 level and there is no denying that

and my system just gave an indication which will be confirmed at europe open that 1.6520 is the target for today on GU

so I will be buying with SL just below 1.64

good luck with your bull traps
forgot to add gu chart
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 15 KB
  • #146,653
  • Jul 15, 2009 5:07pm Jul 15, 2009 5:07pm
Quoting Lejumeau
I agree I did pay too much also and I was quite obset when i saw that you can get those indic for free , but how more many year i would still be looking for a good strategy if I wouldn't buy this. So I put it this way it did help me in my progression of been succesfull on forex, and that make me forget about how expensive I paid for my learning. It is part of my investement and deductable for income tax so you get it back in certain way

Yep. I do wish I had that money to add to my account when i started though...LOL

I spent 3 months reading the J16 thread and it taught me everything I need to know. Haven't used any of those pivot indicators since.
Ghost Rider - WWTBMD?
  • #146,654
  • Jul 15, 2009 5:10pm Jul 15, 2009 5:10pm
Quoting forexlion
forgot to add gu chart
my first trade target is the same old 1.6453 but i would love to see it at 1.6464
  • #146,655
  • Jul 15, 2009 5:13pm Jul 15, 2009 5:13pm
Quoting forexlion
DOW is set to achieve the 8782 level and there is no denying that

and my system just gave an indication which will be confirmed at europe open that 1.6520 is the target for today on GU

so I will be buying with SL just below 1.64

good luck with your bull traps
And I had a pending buy set at 6410 and pulled it.....
Ghost Rider - WWTBMD?
  • #146,656
  • Jul 15, 2009 5:19pm Jul 15, 2009 5:19pm
Quoting albchr
And I had a pending buy set at 6410 and pulled it.....
I will always wait till europe open to confirm trade setup, because my system needs 6 hours or 3 AM GMT atleast to confirm trade setup
  • #146,657
  • Jul 15, 2009 5:21pm Jul 15, 2009 5:21pm
Quoting albchr
And I had a pending buy set at 6410 and pulled it.....
The way the market move I'm sure you will be happy you pull it out. for me this a no trading zone until market make a serious move in one direction. rigth now it is those time that you told yourself I wish I didn't tooke any order.
  • #146,658
  • Jul 15, 2009 5:23pm Jul 15, 2009 5:23pm
Quoting albchr
And I had a pending buy set at 6410 and pulled it.....
chris, pm me your email add bro.

cheers.
Thank You
  • #146,659
  • Jul 15, 2009 5:28pm Jul 15, 2009 5:28pm
This is what I think since we are in no men lands. If the market didn't find any strong buyer to move it up for the last 12hre. I think it should go down a bit to attract buyer. and if it go down too much bears will be back in control. so I see a pullback before any up move.

Just my thinking
  • #146,660
  • Jul 15, 2009 5:30pm Jul 15, 2009 5:30pm
My first target 1.6326 daily support the main support is 64 but too close to the congestion area so need to go down more to attract buyer.
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