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Cable Update (GBPUSD)

  • #182,621
  • Nov 12, 2009 9:24pm Nov 12, 2009 9:24pm
Quoting Turveyd
On the basis you are holding a position over events that have random effects on the market ( ie news ) and hoping for a positive outcome, you are gambling plain and simple.

Trend is vaguely up again here, but don't worry you might get statistically probability at various news events to get a good move down for you. ( otherwise not a clue at this point )
would you mind to share your chart to show how bull is bull in which TF...just to check mine with your ..thanks
  • #182,622
  • Nov 12, 2009 9:26pm Nov 12, 2009 9:26pm
Easily spotted area.. TL combination in 4H.
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  • #182,623
  • Nov 12, 2009 9:29pm Nov 12, 2009 9:29pm
Quoting Magix
Sigh...

After another look @ the charts, might have thought better about a stop loss...1.6620 might just be posing as top, then EPIC...

No matter, I am done for the evening, too tired, eyes are crossed and not paying proper mind, this is a good way for me to be feeding cash back to the market instead of building the Xmas holiday cash.

Trade well mango!

Have a good one

Hindsight...A bitch really....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #182,624
  • Nov 12, 2009 9:47pm Nov 12, 2009 9:47pm
i'm long this pair. We'll see what happens.
  • #182,625
  • Nov 12, 2009 10:19pm Nov 12, 2009 10:19pm
Good day to you,

Look at this for a possible setup.

Look for a retrace to the 1.6635 level - the high of last week. If this holds, short with target 1.6572.

Wish you all success

Regards
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  • #182,626
  • Nov 12, 2009 10:31pm Nov 12, 2009 10:31pm
I am eyeing support at 1.6550 and if that fails then 1.6520, 1.6485, 1.6440

whereas my first resistance would still remain todays high for the time being and if that breaches then 1.6635 yeppers


Quoting TauTrader
Good day to you,

Look at this for a possible setup.

Look for a retrace to the 1.6635 level - the high of last week. If this holds, short with target 1.6572.

Wish you all success

Regards
Raza
  • #182,627
  • Nov 12, 2009 10:48pm Nov 12, 2009 10:48pm
Well so far LDN was sad, NY/ LDN scalpable. Tonight sucks.

Fourxtrader?

Would you mind showing a compression chart??
THANKS!
X-
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #182,628
  • Nov 12, 2009 10:49pm Nov 12, 2009 10:49pm
Time to SHORT!!!.. @_@.. Just Kidding.. i see a short chance.. but its not valid yet. and its a little too dangerous shorting here. just see a small percentage of short chance.. Good Luck people..
  • #182,629
  • Nov 12, 2009 10:56pm Nov 12, 2009 10:56pm
Here is 15 and 30min chart. The price is hold on support no. 2 line and the 100 is become resistant. Will see what happen on 15min chart now. If it hold on support no 2 and drop will hold on my target.
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  • #182,630
  • Nov 12, 2009 11:22pm Nov 12, 2009 11:22pm
What one should do while waiting for his forex goal?
My idea is to set and acheive goals in other activities. To do another business.
Or to listen to classic music.
What is ur opinion?
  • #182,631
  • Nov 12, 2009 11:22pm Nov 12, 2009 11:22pm
http://www.forexfactory.com/showpost...&postcount=457
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #182,632
  • Nov 12, 2009 11:27pm Nov 12, 2009 11:27pm
Quoting meromar
What one should do while waiting for his forex goal?
My idea is to set and acheive goals in other activities. To do another business.
Or to listen to classic music.
What is ur opinion?
pr0n.

Seriously...whut else is there?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #182,633
  • Nov 12, 2009 11:37pm Nov 12, 2009 11:37pm
Quoting meromar
What one should do while waiting for his forex goal?
My idea is to set and acheive goals in other activities. To do another business.
Or to listen to classic music.
What is ur opinion?
i think you better focus on other goals, like business stuff as well... and keep trying to find the right forex system...

you can listen to classical music as well

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When life gives you lemons, make lemonade
  • #182,634
  • Nov 12, 2009 11:38pm Nov 12, 2009 11:38pm
Hi all, I'm a newbie watching a dozen currency pairs. I've noticed a weekly pinbar forming on the cable.
Is it valid?
I'm thinking if it falls to 1.6500 it would make a good sell for 2-300 pips.
Opinions?
  • #182,635
  • Edited 11:51pm Nov 12, 2009 11:39pm | Edited 11:51pm
Quoting XTrade
Well so far LDN was sad, NY/ LDN scalpable. Tonight sucks.

Fourxtrader?

Would you mind showing a compression chart??
THANKS!
X-
Sorry, using my cell phone. Been at the airport picking up fam and watching the Suns / Lakers game and no where near the charts. My old 1hr still holds if we haven't cleared 1.6650 or dropped below 1.6500.
Just know that compression is still on!

Dr. D.
  • #182,636
  • Nov 12, 2009 11:42pm Nov 12, 2009 11:42pm
Quoting ozpips
Hi all, I'm a newbie watching a dozen currency pairs. I've noticed a weekly pinbar forming on the cable.
Is it valid?
I'm thinking if it falls to 1.6500 it would make a good sell for 2-300 pips.
Opinions?
pinbars and formations have little meanings if you dont add other indicators
When life gives you lemons, make lemonade
  • #182,637
  • Nov 12, 2009 11:43pm Nov 12, 2009 11:43pm
Quoting ozpips
Hi all, I'm a newbie watching a dozen currency pairs. I've noticed a weekly pinbar forming on the cable.
Is it valid?
I'm thinking if it falls to 1.6500 it would make a good sell for 2-300 pips.
Opinions?
Wait on the completion of the cycle if you choose to use candle formations in your trading...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #182,638
  • Nov 13, 2009 12:18am Nov 13, 2009 12:18am
  •  hafudo
  • | Joined Mar 2009 | Status: Forex In The Blood | 91 Posts | Online Now
Quoting Magix
Wait on the completion of the cycle if you choose to use candle formations in your trading...
yup... we can call the weekly with pin bars or anythings next saturday , not now.
  • #182,639
  • Nov 13, 2009 12:19am Nov 13, 2009 12:19am
Oh well, lets try a long from 1.6600 to 1.6650. Cable is in an upward moving channel
  • #182,640
  • Nov 13, 2009 12:29am Nov 13, 2009 12:29am
Quoting hafudo
yup... we can call the weekly with pin bars or anythings next saturday , not now.
Speculation is #2 reason for losing your account if not just losing the trade.

EO put out a great place to read up on, all about playing what you see, not what you think, it makes for a really good read.

Being seasoned, (and by seasoned I mean losing my ass a couple of times), I can say that these are really words to trade by.

If you see trends, play trends, but always play the trend until it's time not to.

Words from a fellow trader a long time ago that still stick with me...

"Something is true, until it isn't true anymore"

Why guess, when you can just assume the trends, it really is the name of the game.

Here I sit, watching what I should have made, my mind still thinking what might happen. Until I shake that s4it out, I am happy to not be in a trade wishing I was in, instead of being in a trade, wishing I was out.

And the beer is cold. <-(silver lining)
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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