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Cable Update (GBPUSD)

  • #183,421
  • Nov 17, 2009 10:03am Nov 17, 2009 10:03am
Quoting aswilled
I am just returning. Trading has gotten a lot better. I am on my blackberry, where is the market right now? Below the figure?
Up to 1.6793 again ---> make me cancel fill short !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #183,422
  • Nov 17, 2009 10:10am Nov 17, 2009 10:10am
selling mode.. if we pass 1.6755 we can see 1.6684 .. it might ext to 1.6670. Don't worry guys.. if price not breaks 1.6850 we still can selling..
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #183,423
  • Nov 17, 2009 10:15am Nov 17, 2009 10:15am
Quoting micho
this was the original post last night

EURGBP not confirmed but favoring upwards 0.8950 then 0.8962...
I don't know about you buy i will buy from here 1.8835
  • #183,424
  • Nov 17, 2009 10:19am Nov 17, 2009 10:19am
Quoting aswilled
I am just returning. Trading has gotten a lot better. I am on my blackberry, where is the market right now? Below the figure?
Price is still ''thinking''.Forcing me to scalp(not with good success so far). Just around the PP line.
You can maximise your blackberry if it has Windows Mobile as its operating system. By downloading a mobile MT4 software. With this u can brows even on the street!
  • #183,425
  • Nov 17, 2009 10:20am Nov 17, 2009 10:20am
Quoting egkid
I think this is shooting star on 1H TF,What do you think guys?
I'm already sell 1.6850
Add short 1.6780
  • #183,426
  • Nov 17, 2009 10:21am Nov 17, 2009 10:21am
To a certain degree. there is a lack of clarity when many share their opinion on the market.

Applying the same concept to different time-frames ("TF") charts, I can be short on a 1 minute, long on an hour, short on a daily and long on a weekly. In each case be within the rules and therefore the position would be correct for the time frame I am trading, however with different levels of risk as there are different strengths for each.

It is likely to be helpful to those reading posts in this community if one shares the TF they are discussing. I also think it will settle down the short vs long being right or wrong comments.

It may prove to be helpful to discuss the TF themselves. To gain an understanding for the pro's and con's for the different TF traded. Someone trading a 5 tick chart is met with difficulty and challenge that someone trading a 1 minute chart doesn't. The 1 minute trader faces issues that someone trading a 1 hour TF does not. THIS DOES NOT MEAN one is right and the other wrong. It is like saying a white car is better than a black one. A white one might be cooler and not show the dirt. But with a lot of effort a flawless black car looks stunning and the additional heat won't bother you.

All TF can be traded successfully. Each has its issues. short TF trading requires greater attention to spread / commission and slippage costs. You can pick when to trade, with high levels of attention and stress and hammer trades and go to bed. Drawdowns ("DD") are smaller the trend weaker. Longer TF trading will have bigger DD, with slippage and or spread / commission being less significant. You need to be prepared to trade 24/5, have more time to respond to market events and can be more casual about it all. The DD is greater. The trend stronger.

Have a good day trading,
BR
  • #183,427
  • Nov 17, 2009 10:25am Nov 17, 2009 10:25am
maybe it will make another try at 1.6756 mark. Everything looks okay on 30M chart. Hoping that hour candle closes below 1.6779. 18 pips already.
Make a difference, Just don't hurt anyone on the way up!
  • #183,428
  • Nov 17, 2009 10:27am Nov 17, 2009 10:27am
Massive Selling Coming

I am still not short but i am waiting for the last confirmation before i board the train.
  • #183,429
  • Nov 17, 2009 10:36am Nov 17, 2009 10:36am
Quoting kingfisher
Massive Selling Coming

I am still not short but i am waiting for the last confirmation before i board the train.


..let settle 1.6740 first
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  • #183,430
  • Nov 17, 2009 10:38am Nov 17, 2009 10:38am
Thats all for today... going to sleep now.. good luck guys.. just let it GU flowsss..

below list of my trade for today with total USD273 for today..
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Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #183,431
  • Nov 17, 2009 10:41am Nov 17, 2009 10:41am
dam it long short who knows still in the same place scalaping is the best i am going west on b;;;;;h lasvigass
  • #183,432
  • Nov 17, 2009 10:42am Nov 17, 2009 10:42am
Quoting goodwings
Price is still ''thinking''.Forcing me to scalp(not with good success so far). Just around the PP line.
You can maximise your blackberry if it has Windows Mobile as its operating system. By downloading a mobile MT4 software. With this u can brows even on the street!
Just got blackberry. With sprint. Don't know os. How do I find out and fix?
A. Finesse Williams Making Millions One Pip At A Time!
  • #183,433
  • Nov 17, 2009 10:45am Nov 17, 2009 10:45am
US Retailers coming clean and saying 4th quarter predictions are too high

Target off 5% and the rest getting hurt

I reckon this will hit the DOW at some stage -only down 18 right now

Euro getting walloped

Hoping to get a bounce long on euro but I fear a drop in the DOW now the reality is setting in so very wary of cable coming off
  • #183,434
  • Nov 17, 2009 10:45am Nov 17, 2009 10:45am
Quoting kingfisher
Massive Selling Coming

I am still not short but i am waiting for the last confirmation before i board the train.
Let's watch next 15 min
  • #183,435
  • Nov 17, 2009 10:45am Nov 17, 2009 10:45am
love the doomed doller update
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  • #183,436
  • Nov 17, 2009 10:48am Nov 17, 2009 10:48am
Quoting goodwings
Good mate,
In the time past i will always like to ask champions like u about the system they used to succeed. But now i can literally use any system and still make pips. If i remember those things i did b4 i burst with laughter(Buy at tops , sell at bottoms). In essence, i realized that persistence will make one use any system correctly....if.....he/she....cares to know why the failures of the past. In my own case, i must not deny the fact that prayers kept me strong and the only reason why i can call myself a success.
Am so happy to see another...
  • #183,437
  • Nov 17, 2009 10:48am Nov 17, 2009 10:48am
Quoting Big1red9
To a certain degree. there is a lack of clarity when many share their opinion on the market.

Applying the same concept to different time-frames ("TF") charts, I can be short on a 1 minute, long on an hour, short on a daily and long on a weekly. In each case be within the rules and therefore the position would be correct for the time frame I am trading, however with different levels of risk as there are different strengths for each.

It is likely to be helpful to those reading posts in this community if one shares the TF they are discussing....
Must agree with you on the confusion thing....

Trading off of the monthly charts when we have been in channel for several months now is a difficult thing, and a gamble at best. The weekly can be helpful, but depending on your money managment, I believe the daily down are the best. Immediate terms can be played off of the 4h down to the 1m, depending on again, what you see in the charts.

Support and resistance - I see a gawd awful amount of lines drawn on charts that are little more then ambiguous at best...meaningless to the market. Now some with call BS on the moving averages, but, it is how I sees em, the market reaction to them and they offer play areas that are fairly predictable and profitable.

Currently, we are above support on the 4h, but slowly moving down on the rest of the charts...as an example of support and resistance I have posted an hourly and what I watch for. Most of the plays that I will enter right now will be short term scalps and favoring the bearish current tendency of the trend.

A long term position until we cross below and hold support on the H4 for bearish positions is gambling at best. But again, this is just my opinion....

Support and resistance lines I use in all time frames...

24SMA
55EMA
200EMA
600EMA
1440EMA

Trade well!
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,438
  • Nov 17, 2009 10:51am Nov 17, 2009 10:51am
It bouncing up and down the fibs, PPs, and other s/r, on a downtrend... Play these key levels and you can scalp your way to huge profits. Cable avgs. 30+ pip moves then retraces.
A. Finesse Williams Making Millions One Pip At A Time!
  • #183,439
  • Nov 17, 2009 10:54am Nov 17, 2009 10:54am
update what u think guys
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  • #183,440
  • Nov 17, 2009 10:56am Nov 17, 2009 10:56am
Quoting Big1red9
To a certain degree. there is a lack of clarity when many share their opinion on the market.

Applying the same concept to different time-frames ("TF") charts, I can be short on a 1 minute, long on an hour, short on a daily and long on a weekly. In each case be within the rules and therefore the position would be correct for the time frame I am trading, however with different levels of risk as there are different strengths for each.

It is likely to be helpful to those reading posts in this community if one shares the TF they are discussing....
post some BS....this is what we should practising....
for those who should
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