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Cable Update (GBPUSD)

  • #172,341
  • Oct 2, 2009 4:05am Oct 2, 2009 4:05am
Quoting Fng
Thanks for the advice NAV, appreciate it very much. I do still need to learn a lot of things and i do look up at you guys.

God Bless You NAV.

any1 can trade, there is no skill in it, i mean its not the technicals that are so important..its seeing where price is going and acting on it without emotion

dont try and figure out where it is going nobody knows exactly... but u have factors supporting a short:

downtrend
50% retrace of swing hi to low
head n shoulder
price is bearish on dailly



if yur long then your forecasting..or seeing something which isnt obvious

go with the masses..
take care bro! ....god bless us all
  • #172,342
  • Oct 2, 2009 4:06am Oct 2, 2009 4:06am
Quoting wormboy
Longs? All cashed in already.
I am selling now bro

good job
  • #172,343
  • Oct 2, 2009 4:07am Oct 2, 2009 4:07am
Quoting wormboy
hi qp,
it's the ftse
Hi WB,

Many thanks, my days of trading the ASX 200, FTSE and then later at night for us the DOW or s+p 500 are long over.

Of course you are using the FTSE as a measure of the pounds strength, or lack of, please correct me if I am wrong.

I was trying to fit it to a currancy, ah the difference between being in or out of the square!

Thanks again.
  • #172,344
  • Oct 2, 2009 4:07am Oct 2, 2009 4:07am
Quoting zamzen
Why don't u decide for yourself?

i am going west lassvigass after that to london underground all the way
  • #172,345
  • Oct 2, 2009 4:09am Oct 2, 2009 4:09am
Quoting Alison
Thanks BBmac,

I don't completely understand your charts or your indicators, having elected to learn trading with minimal indicators,but you have given me something very useful here.

My main focus is candlesticks with entries off the 15 min chart for short term trades. The 8.15 BST candle closed as a flat bottom outside the previous range. I still haven't figured out all the ways to trade a flat bottom/flat top candle, except that against resistance/support there is likely to be some form of short term reversal. I'm less sure about this kind...
Glad to have helped..G/L with your future trading, I just look for hi-probability repeating indicator patterns based around oscillator extremes/divergence and band/channel deviation with a good price action trigger in the pattern @ pre-identified potential support/resistance zones..simple as that really. It is a good idea dropping down a t/f to try and guage a better entry from your main trading t/f.

If using indicators the only way to use lagging oscillators as a potentially leading indy is it's divergence from price and what it tells us about momentum,..also what the bol bands or as they should be called volatility bands tell us about the volatility of the movem, ie when bol bands on more than one setting are at an extreme 9ie they all flip inside each other) or the shorter settings come inside the longer settings on same t/f..it tells us that vol is decreasing and that coupled with osc extremes or div @ a pre-identifies potential support/resistance on a higher t/f makes for a hi-probability trading opportunity. Always seek confluence not just in identifying potential supp/res factors on the t/f's above your main trading t/f but also in 'set-ups' or 'triggers' whatever you want to call them, on t/f's above and below your main trading t/f..For example at that current 5862 i/day low there were various patterns of bullish divergence to the 1hr t/f...confluence, confluence, confluence is where it is @ in my experience.
ex member
  • #172,346
  • Oct 2, 2009 4:09am Oct 2, 2009 4:09am
Quoting GlobalMacro
Good Morning,

Yesterday we got a pin candle on the daily yet again
Long position closed @ 1.5964 and reversed

Short now @ 1.5964
Alright....I'm exiting my entire short position now and taking the rest of the profit here at 1.5900

Outta this whacky party into a real party!!!

My Position In Now FLAT.
Attached Image
Hear the music before the song is over ...
  • #172,347
  • Oct 2, 2009 4:11am Oct 2, 2009 4:11am
Quoting wormboy
rilek bai
td mmg rilex bro..gain 70+
tau2 -ve lak.

signal long building ni

stoc lak oversold
  • #172,348
  • Oct 2, 2009 4:14am Oct 2, 2009 4:14am

1 of 1

CABLE: Reported weak stops under $1.5860 held in as cable recovered back
to a $1.59 handle stops at stg0.9160 in euro-sterling also surviving
unscathed. Offers in cable still seen into $1.5950 more at $1.6000/25.

10/2/2009 5:09:52 AM

CABLE
Reported weak stops under $1.5860 held in as..

room what u think about this bullshittttt
  • #172,349
  • Oct 2, 2009 4:18am Oct 2, 2009 4:18am
Quoting kill

1 of 1

CABLE: Reported weak stops under $1.5860 held in as cable recovered back
to a $1.59 handle stops at stg0.9160 in euro-sterling also surviving
unscathed. Offers in cable still seen into $1.5950 more at $1.6000/25.

[b][font=Courier][left]10/2/2009 5:09:52 AM

CABLE
Reported weak stops under $1.5860 held in as..

room...

plain and simply stop hunt..there was n opportunity for shorters to enter and this was to shake them out..4hr is bearish like crazy

it should have once we got the doji have gone up, not once has broken above..bears are in complete control..

how predictable was that!
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  • #172,350
  • Oct 2, 2009 4:21am Oct 2, 2009 4:21am
Here we go
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  • #172,351
  • Oct 2, 2009 4:21am Oct 2, 2009 4:21am
5min showing the way (timed as a 1min reversal set-up) with a hidden divergence based set-up 9into the 30min+ downtrend0 after the pullback @ potential sbr/res= 61.8% fib of the 5946-5862 move down. Will it result in a with trend follow thru to a new LL's on 30min/1hr?...no idea but if usual pre-nfp price action is anything to go by I won't be holding my breath, lol!

G/L

http://i33.tinypic.com/70v19i.gif
ex member
  • #172,352
  • Oct 2, 2009 4:22am Oct 2, 2009 4:22am
Quoting nAVIN2007
plain and simply stop hunt..there was n opportunity for shorters to enter and this was to shake them out..4hr is bearish like crazy

it should have once we got the doji have gone up, not once has broken above..bears are in complete control..
bro u are smart the big dogs are watching every dam move and they want our money the M F's
  • #172,353
  • Oct 2, 2009 4:22am Oct 2, 2009 4:22am
Quoting egkid
I post chart and ... ,Does anyone notice!
Anyway time to start Real play
Short 1.5925
Morning all
Oh man we still here 1.5880 where kill closed his position yesterday or it was a dream
  • #172,354
  • Oct 2, 2009 4:26am Oct 2, 2009 4:26am
Quoting kill
bro u are smart the big dogs are watching every dam move and they want our money the M F's
nah i wont say so but i have a edge which relly on nothing but what i see and 1 year of study of price action..learning candlestick inside out

and emotional meaning behind the candles...

yes in anwser to your question we are doomed unless we are better than them
  • #172,355
  • Oct 2, 2009 4:30am Oct 2, 2009 4:30am
Dow jones reporting earlier that 'major u.s investment house changes nfp forecast to -250k from -200k,' !!

Forecast range quite wide now..in other words no-one knows? (or do they?)
ex member
  • #172,356
  • Oct 2, 2009 4:32am Oct 2, 2009 4:32am
Quoting bbmac
Glad to have helped..
If using indicators the only way to use lagging oscillators...
Once you use the word oscillators, I get lost. But I do understand confluence! I'll keep following your posts.

Alison
  • #172,357
  • Oct 2, 2009 4:32am Oct 2, 2009 4:32am
Quoting bbmac
Dow jones reporting earlier that 'King of the Jungle, changes nfp forecast to -50k from -200k,' !!

Forecast range quite wide now..in other words no-one knows? (or do they?)
  • #172,358
  • Oct 2, 2009 4:33am Oct 2, 2009 4:33am
Quoting qp2
Hi WB,

Many thanks, my days of trading the ASX 200, FTSE and then later at night for us the DOW or s+p 500 are long over.

Of course you are using the FTSE as a measure of the pounds strength, or lack of, please correct me if I am wrong.

I was trying to fit it to a currancy, ah the difference between being in or out of the square!

Thanks again.
hi qp,
you're welcome sir. You are right, I'm just using it to gauge the strength/weakness of the sterling.
Thank You
  • #172,359
  • Oct 2, 2009 4:35am Oct 2, 2009 4:35am
Quoting nAVIN2007
nah i wont say so but i have a edge which relly on nothing but what i see and 1 year of study of price action..learning candlestick inside out

and emotional meaning behind the candles...

yes in anwser to your question we are doomed unless we are better than them
true bro

love to learn more about candlestick
  • #172,360
  • Oct 2, 2009 4:53am Oct 2, 2009 4:53am
Has everyone got their keyboards ready for NFP ? http://i35.tinypic.com/24xf1a1.jpg

G/L
ex member
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