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Cable Update (GBPUSD)

  • #187,461
  • Dec 14, 2009 5:36am Dec 14, 2009 5:36am
LOL the way to heaven!

Hope it's a good ride!!

I think the guns have been oiled for a few days now...

Let's see DXY break 77 UNLIKELY!

Keep an eye on gold she has take a beating! Expect AUssie US to pop when the gold bull return...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #187,462
  • Dec 14, 2009 5:39am Dec 14, 2009 5:39am
Quoting saprasa
Market psychology remains the same...

Check out the below chart - Don't they look similar? One is GU and the other you would never guess...and if you do, you could put a finger on where GU is headed... i'll give everyone a try before putting out the final chart...
Ok... forget the guessing... I would like to put this out to you all and maybe we can come up with a potential trade!

This is basically 4 Hr GBPUSD with USD index. I have just displaced GBPUSD by some time periods to the left. The red candle is current USD Index and the black candle is GBPUSD displaced to the left.

This basically tell me that around 9-10 4 hour time periods later GBPUSD should spike up significantly.
Attached Image (click to enlarge)
Click to Enlarge Name: GU final.jpg Size: 190 KB
  • #187,463
  • Dec 14, 2009 5:45am Dec 14, 2009 5:45am
  •  sloof
  • | Joined Apr 2009 | Status: Birejji (ビレッジ) ►FOREX◄ | 141 Posts
Quoting saprasa
Ok... forget the guessing... I would like to put this out to you all and maybe we can come up with a potential trade!

This is basically 4 Hr GBPUSD with USD index. I have just displaced GBPUSD by some time periods to the left. The red candle is current USD Index and the black candle is GBPUSD displaced to the left.

This basically tell me that around 9-10 4 hour time periods later GBPUSD should spike up significantly.
interesting.... veeeeerrry interesting indeed...
  • #187,464
  • Dec 14, 2009 5:50am Dec 14, 2009 5:50am
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
this lack of direction really chaps my......
  • #187,465
  • Dec 14, 2009 5:52am Dec 14, 2009 5:52am
Quoting saprasa
Ok... forget the guessing... I would like to put this out to you all and maybe we can come up with a potential trade!

This is basically 4 Hr GBPUSD with USD index. I have just displaced GBPUSD by some time periods to the left. The red candle is current USD Index and the black candle is GBPUSD displaced to the left.

This basically tell me that around 9-10 4 hour time periods later GBPUSD should spike up significantly.
So accordingly, you don't foresee it going down much more then? I am in a huge hedged trade that needs to go up. I've waited this long (since Wednesday); I can wait another 40 hours! Thanks for the charts.
  • #187,466
  • Dec 14, 2009 5:52am Dec 14, 2009 5:52am
Quoting saprasa
Ok... forget the guessing... I would like to put this out to you all and maybe we can come up with a potential trade!

This is basically 4 Hr GBPUSD with USD index. I have just displaced GBPUSD by some time periods to the left. The red candle is current USD Index and the black candle is GBPUSD displaced to the left.

This basically tell me that around 9-10 4 hour time periods later GBPUSD should spike up significantly.
Lets hope for that
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable analize.gif Size: 32 KB
Click to Enlarge Name: cable analize 1.gif Size: 31 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #187,467
  • Dec 14, 2009 6:07am Dec 14, 2009 6:07am
Have had a terrible days trading so far today.
Have lost all profits for decemebr and am back at break even.

Had 4 losers in a row. Market has been way too choppy for me today.
  • #187,468
  • Dec 14, 2009 6:18am Dec 14, 2009 6:18am
Quoting saprasa
Ok... forget the guessing... I would like to put this out to you all and maybe we can come up with a potential trade!

This is basically 4 Hr GBPUSD with USD index. I have just displaced GBPUSD by some time periods to the left. The red candle is current USD Index and the black candle is GBPUSD displaced to the left.

This basically tell me that around 9-10 4 hour time periods later GBPUSD should spike up significantly.

Hmm.... So basically your predicting the GBP will head North in about 36 to 40 hours from the time you posted your chart?

JD
It's Easy To Get In;.. It's Hard To Get Out
  • #187,469
  • Dec 14, 2009 6:42am Dec 14, 2009 6:42am
Quoting saprasa
Ok... forget the guessing... I would like to put this out to you all and maybe we can come up with a potential trade!

This is basically 4 Hr GBPUSD with USD index. I have just displaced GBPUSD by some time periods to the left. The red candle is current USD Index and the black candle is GBPUSD displaced to the left.

This basically tell me that around 9-10 4 hour time periods later GBPUSD should spike up significantly.
Explain how you do this predition of 9-10 4 hr time
  • #187,470
  • Dec 14, 2009 6:44am Dec 14, 2009 6:44am
Quoting MHpips
Have had a terrible days trading so far today.
Have lost all profits for decemebr and am back at break even.

Had 4 losers in a row. Market has been way too choppy for me today.
I had a similar day last week coupled with breaking my own rules by moving my stop...not just once either! Turned into an expensive lesson...
The hardest way to make an easy living.....
  • #187,471
  • Dec 14, 2009 6:46am Dec 14, 2009 6:46am
Loosing is part of the game; don;t be deceived. the market is volatile with a trend look at the daily candles just sell the rallies and buy the dips provided you are trading following the trend. i sold the rally just before that London open. Lets stay away now till we know what is going on.

Quoting MHpips
Have had a terrible days trading so far today.
Have lost all profits for decemebr and am back at break even.

Had 4 losers in a row. Market has been way too choppy for me today.
  • #187,472
  • Dec 14, 2009 6:51am Dec 14, 2009 6:51am
Yeah i know just got to take it on the chin. I think i need to have a little more restraint when entering trades and am just starting to use new indicators and rules as of last week so am still trying to fine tune my entries.



Quoting uncletrumpet
Loosing is part of the game; don;t be deceived. the market is volatile with a trend look at the daily candles just sell the rallies and buy the dips provided you are trading following the trend. i sold the rally just before that London open. Lets stay away now till we know what is going on.
  • #187,473
  • Dec 14, 2009 6:52am Dec 14, 2009 6:52am
Quoting at2au
Explain how you do this predition of 9-10 4 hr time
Yes 36-40 hours from the time of my posting GBPUSD should spike up.

I have basically matched the moves to the best of my visual abilities.... it could be still be +-2 4Hr time periods....not more than that.

I think the key here is for GU not to take out the previous low of 1.616.
  • #187,474
  • Dec 14, 2009 6:55am Dec 14, 2009 6:55am
See the chart; so lately eur/usd and gbp/usd are going the same way.
The 38.2 of the day Gbp/usd is 1.6215 its very hard to break. Lets see what happens with that triangle. If you notice the currency are even weak to follow the oil and gold upside move.
Attached Image (click to enlarge)
Click to Enlarge Name: see the chart now.jpg Size: 124 KB
  • #187,475
  • Dec 14, 2009 7:03am Dec 14, 2009 7:03am
Your chart looks very similar to mine. I have just started using MCAD and Stoch together.


Quoting uncletrumpet
See the chart; so lately eur/usd and gbp/usd are going the same way.
The 38.2 of the day Gbp/usd is 1.6215 its very hard to break. Lets see what happens with that triangle. If you notice the currency are even weak to follow the oil and gold upside move.
  • #187,476
  • Dec 14, 2009 7:16am Dec 14, 2009 7:16am
I use many charts, that is my analysis, i have the qqe and gann hilo in another. I monitor what is going on. My friend; I have a quote now

"Do more of analysis than trading" I have just taken just 2 trades today all for 75pips I am in my last trade which is just minus 9 pips. Let us do our homework well and stay away from what you don't understand. You can major on trading divergence or trendline break or even trading railway track. Know what you are looking for. Don't trade what you don't know

warren Buffer says "risk is doing what you don't know"

Quoting MHpips
Your chart looks very similar to mine. I have just started using MCAD and Stoch together.
  • #187,477
  • Dec 14, 2009 7:46am Dec 14, 2009 7:46am
Quoting MHpips
Yeah i know just got to take it on the chin. I think i need to have a little more restraint when entering trades and am just starting to use new indicators and rules as of last week so am still trying to fine tune my entries.
MHPIPS, I'm in the same boat as you. I had a plan and I did not stick to it. Half my deposit has evaporated. I did not even use pivot lines which is the only trading tool I use. I don't trust the indicators, rubbish in, rubbish out. GBPUSD should be moving towards the 1.6330 area but where is it .... 1.6237. We'll get it back it's just going to take time
  • #187,478
  • Dec 14, 2009 8:00am Dec 14, 2009 8:00am
Quoting uncletrumpet
I use many charts, that is my analysis, i have the qqe and gann hilo in another. I monitor what is going on. My friend; I have a quote now

"Do more of analysis than trading" I have just taken just 2 trades today all for 75pips I am in my last trade which is just minus 9 pips. Let us do our homework well and stay away from what you don't understand. You can major on trading divergence or trendline break or even trading railway track. Know what you are looking for. Don't trade what you don't know

[color=blue]warren...
Closed for 16 pips better then loosing right ?
Attached Image (click to enlarge)
Click to Enlarge Name: cable trade.gif Size: 22 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #187,479
  • Dec 14, 2009 8:19am Dec 14, 2009 8:19am
Quoting uncletrumpet
I use many charts, that is my analysis, i have the qqe and gann hilo in another. I monitor what is going on. My friend; I have a quote now

"Do more of analysis than trading" I have just taken just 2 trades today all for 75pips I am in my last trade which is just minus 9 pips. Let us do our homework well and stay away from what you don't understand. You can major on trading divergence or trendline break or even trading railway track. Know what you are looking for. Don't trade what you don't know

[color=Blue]warren...
sir thank you for your advice. i am still a noob trader and pieces of advice like this really opens up my eyes. thank you sir.

this is one of my rookie problems. i tend to just jump the gun because i am afraid of getting left behind and as such gives me a huge blow to the cheek. i will remember your advice everytime i "feel" i am becoming too anxious
  • #187,480
  • Dec 14, 2009 8:32am Dec 14, 2009 8:32am
Hmmmmm I guess we all having fun.......... I hope no one on the other side of the trian..... We are still taking more ride's.......... Have fun all be back to see how far we go........ G/U GREATEST.....
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