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Cable Update (GBPUSD)

  • #189,081
  • Dec 23, 2009 3:08am Dec 23, 2009 3:08am
Remember this quote i found of H. Rearden.
"If price is NOT making a new high then it must be reversing from the high.
If price is NOT making a new low then it must be reversing from the low."



I'm not seeing any new lows on GBP
"Hate the sin, love the sinner." - Gandhi
  • #189,082
  • Dec 23, 2009 3:09am Dec 23, 2009 3:09am
On the weekly t/f, the steepest ascending support trend line has been breeched to the downside as has the last fib (76.4% of the recent 5707-6876 swing up with a daily candle close beneath it. The 61.8% fib fan of the current yearly lo-hi move 3505-7044 remains (around 5840 today but ascending) as does the previous swing lo=previous support=potential support zone around that 5707 lo extending 5780 ish - 5707 at which the 38.2% fib of that 3505-7044 resides. A break below 5707 would certainly break the current weekly t/f ranging conditions.

---------------------
Anything other than 9-0 in the upcoming Uk Boe/Mpc minutes may cause some reaction in price?
G/L

http://i46.tinypic.com/zn9f1h.jpg
ex member
  • #189,083
  • Dec 23, 2009 3:11am Dec 23, 2009 3:11am
Quoting TheGabriel
Remember this quote i found of H. Rearden.
"If price is NOT making a new high then it must be reversing from the high.
If price is NOT making a new low then it must be reversing from the low."



I'm not seeing any new lows on GBP
still has yet to really break out of the trading range from today though so you never know...
  • #189,084
  • Dec 23, 2009 3:11am Dec 23, 2009 3:11am
Now this is what you call a group of hard time traders, squeezing every minute out of the markets before the XMAS break. That's dedication A1.

Looks like she's continuing her journey south. If 1.5920 breaks, likely see 1.5800.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #189,085
  • Dec 23, 2009 3:14am Dec 23, 2009 3:14am
Hi

Ya Ya i'm b noobie poster....no no...not trying to sell the holy grail....

Using MT4 since day one of my 3 years of trading fx and then paid a programmer to design me a tool to get around the clumsiness of mt4. But due to a bad investment decision....not FX related had to start making other plans. A damn marketer talked me into the whole affiliate shite, made me sell this thing for 77 bucks and then made 2 sales!



So yes trying to make a buck...and no its not a scam or system...if anyone interested can PM me....im changing the price to 33 bucks...that will help me upgrade the thing too...

Dunno what im allowed here or not....

Thought I'd try my favourite thread lol

cheers

Moolahdude
  • #189,086
  • Dec 23, 2009 3:19am Dec 23, 2009 3:19am
Quoting moolahdude
Hi

Ya Ya i'm b noobie poster....no no...not trying to sell the holy grail....

Using MT4 since day one of my 3 years of trading fx and then paid a programmer to design me a tool to get around the clumsiness of mt4....
Nope you can't sell here and if I had a tool/strategy that was making big money I won't sell it to nobody period , at least not for few bucks.
It's just that robots that are made for certain market conditions keep coming out and work until the conditions change, same for tools same for some indicators/strategies...at least give some technical details so people can have an idea
"Hate the sin, love the sinner." - Gandhi
  • #189,087
  • Dec 23, 2009 3:22am Dec 23, 2009 3:22am
Quoting moolahdude
Hi

Ya Ya i'm b noobie poster....no no...not trying to sell the holy grail....

Using MT4 since day one of my 3 years of trading fx and then paid a programmer to design me a tool to get around the clumsiness of mt4. But due to a bad investment decision....not FX related had to start making other plans. A damn marketer talked me into the whole affiliate shite, made me sell this thing for 77 bucks and then made 2 sales!



So yes trying to make a buck...and no its not a scam or system...if anyone interested can PM me....im changing the price...
Are Serious Dude??? Good storey....

Any buyers I have a program too.... But i wouldn't sell my goose that lays the golden egg.

Get Real mate.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #189,088
  • Dec 23, 2009 3:28am Dec 23, 2009 3:28am
Quoting Bull_Bear
Are Serious Dude??? Good storey....

Any buyers I have a program too.... But i wouldn't sell my goose that lays the golden egg.

Get Real mate.
Real? If you read it....it does not make money....it makes trading easier for mt4 users, its not a system....you have to be able to trade your own manual system...and its not recommended for new traders...

ugh...

Anyway have ze good xmas

Moolahdude
  • #189,089
  • Dec 23, 2009 3:35am Dec 23, 2009 3:35am
Quoting yinbyungheon
1.57xx is the TP that im gona take...maybe from there i.ll start buying...
boom boom pow!!!
  • #189,090
  • Dec 23, 2009 3:39am Dec 23, 2009 3:39am
Buy signal on M5 chart
  • #189,091
  • Dec 23, 2009 3:39am Dec 23, 2009 3:39am
Quoting yinbyungheon
boom boom pow!!!
LMAO KAPUSH!
"Hate the sin, love the sinner." - Gandhi
  • #189,092
  • Dec 23, 2009 3:44am Dec 23, 2009 3:44am
Short 1.5956, stop 1.6005 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #189,093
  • Dec 23, 2009 4:10am Dec 23, 2009 4:10am
i think there won't be any big movements till us session. I will think of short if gu gets near 5990, right now, stochs don't support move down, so we need to wait at least 5 and 15 min stochs get overbought. Will sell the brake of 5925.
  • #189,094
  • Dec 23, 2009 4:17am Dec 23, 2009 4:17am
I'll sell if there's a retrace back to 1.59764
"Hate the sin, love the sinner." - Gandhi
  • #189,095
  • Dec 23, 2009 4:17am Dec 23, 2009 4:17am
Quoting manize
Short 1.5956, stop 1.6005 !
ah, nice- so you are the retail trader guy all are talking about whose spread is negative since otherwise you would have not gotten filled
  • #189,096
  • Dec 23, 2009 4:19am Dec 23, 2009 4:19am
Hello! Anyone else trades gbp/usd ? How long time it will be fall?
Now 1.59390.
  • #189,097
  • Dec 23, 2009 4:24am Dec 23, 2009 4:24am
Quoting Dr.Geppynius
ah, nice- so you are the retail trader guy all are talking about whose spread is negative since otherwise you would have not gotten filled
I maybe fail ! Strong support at 1.5928/34 ! I hope it will be broken before christmas !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #189,098
  • Dec 23, 2009 4:26am Dec 23, 2009 4:26am
Quoting Privet
Hello! Anyone else trades gbp/usd ? How long time it will be fall?
Now 1.59390.
Nope we're all trading Stocks, the thread title is just for fun . Everyone is shorting, who knows where it will stop but right now the support is 1.5923
"Hate the sin, love the sinner." - Gandhi
  • #189,099
  • Dec 23, 2009 4:34am Dec 23, 2009 4:34am
if you are not gambling and do not force trades, what imho is the fact here you should stay out of market since 1. holiday 2. thin liquidity broker waters to shake some up and shake some down and catch margins 3. trading desks, hedge funds and other liquidity providers will also be sidelines and are already mostly sidelines. good thing to do is stick trading till 15th of january, otherwise: let the gambling begin.
  • #189,100
  • Dec 23, 2009 4:34am Dec 23, 2009 4:34am
Quoting manize
I maybe fail ! Strong support at 1.5928/34 ! I hope it will be broken before christmas !
It will retest for sure, just retracing up now so we can sell it back
"Hate the sin, love the sinner." - Gandhi
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