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Cable Update (GBPUSD)

  • #182,161
  • Nov 10, 2009 7:34pm Nov 10, 2009 7:34pm
Quoting djambazov84
why are posting u/cad trade on three other irrelevant threads ?
click
Because you can trade anything anywhere in the same way
When life gives you lemons, make lemonade
  • #182,162
  • Nov 10, 2009 7:44pm Nov 10, 2009 7:44pm
k soros
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #182,163
  • Nov 10, 2009 7:59pm Nov 10, 2009 7:59pm
Think I'm done for the evening...best of luck to y'all.



I kinda figured tight stops were the way on this one...no confirmation, bad trade on me...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #182,164
  • Nov 10, 2009 8:35pm Nov 10, 2009 8:35pm
ready......
sideway over 6 hours.....
  • #182,165
  • Nov 10, 2009 8:38pm Nov 10, 2009 8:38pm
Hello all,
After ''tape reading'' the market, and checking the probability of any sharp move, i decided that scalping maybe good for now. SO FAR SO GOOD. Too risky though because no room for any stop-lose!
  • #182,166
  • Nov 10, 2009 8:43pm Nov 10, 2009 8:43pm
Quoting iskk_1
ready......
sideway over 6 hours.....
ok...bye...go for nasik lemak
wait for london n news 5.30 pm.......
  • #182,167
  • Nov 10, 2009 9:01pm Nov 10, 2009 9:01pm
Quoting grashid
..see all of u tomorrow asian
Hey Grashid what is your MT4STATS address? grashid.mt4stats.com?

So I can spy on you lol
  • #182,168
  • Nov 10, 2009 9:17pm Nov 10, 2009 9:17pm
Quoting goodwings
Hello all,
After ''tape reading'' the market, and checking the probability of any sharp move, i decided that scalping maybe good for now. SO FAR SO GOOD. Too risky though because no room for any stop-lose!
Though I am not positive, I believe tape reading to be done over longer time frames. If you check DT's posts, you can see the wide sweeping plays that he has. As a scalpers tool, pick direction and find the indies that work best for ya.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #182,169
  • Nov 10, 2009 9:21pm Nov 10, 2009 9:21pm
It's BANK HOLIDAY for US,EUR & CAD ....
  • #182,170
  • Nov 10, 2009 9:23pm Nov 10, 2009 9:23pm
Quoting ijan112
It's BANK HOLIDAY for US,EUR & CAD ....
EUR is just for France. No major impact.
  • #182,171
  • Nov 10, 2009 10:07pm Nov 10, 2009 10:07pm
Quoting Magix
Though I am not positive, I believe tape reading to be done over longer time frames. If you check DT's posts, you can see the wide sweeping plays that he has. As a scalpers tool, pick direction and find the indies that work best for ya.
Thanks magix,
I think the esential idea of ''tape reading'' is watching the current price with reference to a selected point; and may be applicable to all time frames. In the present market condition, our reference point is raound .6735. I have made close to 100 pips in the last 6 hours scalping, knowing fully well that the market will not experience a sudden move for now due to most traders sentiments on US bank holiday and also knowing that this session does not favor the GU wild moves.
Using other indicators other than pivot lines is not practicable now(at least for me). Because the market is flat.So a flat line is needed to gauge the market perfectly!
  • #182,172
  • Nov 11, 2009 12:32am Nov 11, 2009 12:32am
:nerd: 1.6743/4 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #182,173
  • Nov 11, 2009 12:47am Nov 11, 2009 12:47am
Taken a little short at 1.6728 with target 1.6620
  • #182,174
  • Nov 11, 2009 2:17am Nov 11, 2009 2:17am
Well the market is flat now should we be expecting the news?
  • #182,175
  • Nov 11, 2009 2:51am Nov 11, 2009 2:51am
Quoting micho
Because you can trade anything anywhere in the same way
Micho,

Good to see you back, mate.

See you're doing well, as controversial as ever!

All the best, Paul
  • #182,176
  • Nov 11, 2009 2:52am Nov 11, 2009 2:52am
What's everyone thoughts on GU? Pending inflation report usually causes a move of some description. Managed to catch a few pips this morning in the brief rally upwards but it's looking like a pinball machine at the moment.
  • #182,177
  • Nov 11, 2009 2:57am Nov 11, 2009 2:57am
resistant for hourly 1.6755 is broke. We could take short position at 1.6850 which is a good daily resistance.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #182,178
  • Nov 11, 2009 3:02am Nov 11, 2009 3:02am
News is coming soon, everyone is waiting.... Let see..
  • #182,179
  • Nov 11, 2009 3:02am Nov 11, 2009 3:02am
good morning everyone, since nothing is happening i just went back an read some intersting post in the last 12 hours, they are very insightful just want to say thanks for all the useful information i think that is why we all come here- best of luck trading today to everyone
  • #182,180
  • Nov 11, 2009 3:15am Nov 11, 2009 3:15am
Quoting trabagwe
good morning everyone, since nothing is happening i just went back an read some intersting post in the last 12 hours, they are very insightful just want to say thanks for all the useful information i think that is why we all come here- best of luck trading today to everyone

Big traders need to make money and they ain't at the moment. There's a bear baiting contest going on and something needs to break. My thoughts the calm before the storm but problem is - difficult to gauge which way. Maybe the 9:30am news will give the market momentum to find out whos gonna drive the bus.

15 mins to news time
Remember if it's +ive then short and -ive go long. . Well that's what's happened the last few times.

No stop as we all know NEVER trade on news.
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