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Cable Update (GBPUSD)

  • #189,921
  • Dec 29, 2009 1:59pm Dec 29, 2009 1:59pm
Quoting malcolmb14
I had tg 2.0 ... then with the new one coming out I like the scanner and the fact that signals are put on the bars as they happen

typically I just scan my regular charts to find vsa set ups , buto ne thing i do like about the new tg 4.0 is the on bar set ups.

here is 30 min I tuned into this morning with trend already down on daily just about shit my pants when i saw all those nice little red arrows at 1.6050

The 5k for tg4.0 is really steep now though ....it is good but not 5 k good.

Attachment
I am using V3.0 which I got at a discount, but they want another $900 to upgrade to V4.0. I just don't think that v4.0 could be significantly better than V3.0. Tradeguider is a very expensive learning tool but I think that my VSA learning curve has been much faster because of it!
As always your time and input is very much appreciated. Have a fantastic New Year celebration...Go $!
Thanks!
JQ2
The Only Constant Is Change!
  • #189,922
  • Dec 29, 2009 2:03pm Dec 29, 2009 2:03pm
Quoting malcolmb14
a different category on each monitor !!!
have 5 3 laptop and 2 desk but ai cant do the dirty thing my wife will kill me
  • #189,923
  • Dec 29, 2009 2:48pm Dec 29, 2009 2:48pm
Quoting kill56
have 5 3 laptop and 2 desk but ai cant do the dirty thing my wife will kill me
Nothing dirty....it's for your health.

Just show her any of these 3 links.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #189,924
  • Dec 29, 2009 3:04pm Dec 29, 2009 3:04pm
Magix,

I dunno what it will do for my physical health...

But after careful review of the material... I don;t care if I am long or short.

Can't be to good for my financial health.

Thank you for the smile!
BR

ps. the Just show her any of these 3 links will take over your computer with popups

Quoting Magix
Nothing dirty....it's for your health.

Just show her any of these 3 links.
  • #189,925
  • Dec 29, 2009 3:19pm Dec 29, 2009 3:19pm
GBPUSD --- SHORT @ 1.5899 T.P = 1.5862

small trade ..

and t.p is little far from the channel wall

then i will think in buy after T.P
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #189,926
  • Dec 29, 2009 3:19pm Dec 29, 2009 3:19pm
Quoting Big1red9
Magix,


ps. the Just show her any of these 3 links will take over your computer with popups
Apologies, I run Opera...didn't have any pop-ups...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #189,927
  • Dec 29, 2009 5:12pm Dec 29, 2009 5:12pm
It is so quiet here, anyone has an opinion about GU?
  • #189,928
  • Dec 29, 2009 5:13pm Dec 29, 2009 5:13pm
Quoting Big1red9
10 second futures chart.

BR
Can you elaborate a bit for the slower of us? I think you are showing no volume on the upwards/sideways action, but im not sure....
Just focus on the pips. The rest is insignificant.
  • #189,929
  • Dec 29, 2009 5:22pm Dec 29, 2009 5:22pm
any bulls around here?? HU huu...
  • #189,930
  • Dec 29, 2009 5:58pm Dec 29, 2009 5:58pm
In part, yes your correct. It shows the high volume trades (1200, 900, 800, 500's) that brought the price down. It then shows lower volumes with price drifting higher to sideways.

It also tells me that its a decent size player for a $50 to $120 million trades, most likely SM

Finally, the time of day, 16:00 in the UK.

In the end... it was pros and not retail traders. The pros had (have) unfinished business.

Hope that helped,
BR

Quoting ayaz
Can you elaborate a bit for the slower of us? I think you are showing no volume on the upwards/sideways action, but im not sure....
  • #189,931
  • Dec 29, 2009 6:21pm Dec 29, 2009 6:21pm
I found this..
Attached Image (click to enlarge)
Click to Enlarge Name: ff.jpg Size: 66 KB
  • #189,932
  • Dec 29, 2009 6:23pm Dec 29, 2009 6:23pm
Hi guys

Quoting Yngwie
Still selling from 1.6043.. looking to 1st TP 1.5955 or maybe we ext 2nd TP 1.5925. Price should play below pivot 1.6050 but im maybe wrong.


GL
Just want to update even i'm so late. This post has been made when all trader try to load their buying at daily pivot. Glad 2nd TP taken. Didnt have opportunity to post due to INFRACTION received from FF.

My membership at Forex Factory has been temporarily suspended by a senior member yesterday. Today glad received release notice from FF with 1 point warning.

Really frustating for what happened. Later, not post so much and lower my post tone is a good idea.

Happy trading and Cheers!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #189,933
  • Dec 29, 2009 6:28pm Dec 29, 2009 6:28pm
Quoting proz
I found this..
bearish engulfing pattern is a signal for end of trend? I thought that tells us its going down some more...can anyone explain this?
Just focus on the pips. The rest is insignificant.
  • #189,934
  • Dec 29, 2009 7:12pm Dec 29, 2009 7:12pm
Quoting ayaz
bearish engulfing pattern is a signal for end of trend? I thought that tells us its going down some more...can anyone explain this?
Expecting some sort of retrace to a pivot point on the day is reasonable to expect, but the bottom side support range on that is 1.5746.

Using this little chart would only seem to be a piece of a puzzle, and if you were to see the rest, it might make more sense. To me...like you, not so much in it's current state.

After an exact 200 pip free fall from top to bottom, assumption of a higher high at this point, though not impossible, not as likely.

From here, we are bucking resistance every tick skyward, and after todays fall, longside chart attempts would seem more like catching a chainsaw then just a falling knife.

If you have a system that is working...stick with it, let other price point prophets scream from the rooftops, without chart support, a pic like that is about as relevant as if it were a picture of monkey's flinging poop.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #189,935
  • Dec 29, 2009 7:31pm Dec 29, 2009 7:31pm
Quoting Najee
Hello everyone,

Been an unexciting movement in GU for the past week or so, managed to get pips here and there but nothing major, currently no open position. However, seeing the daily chart, possible for GU to test 1.6105-10 level before going down. Looking to go down to 1.5900 before testing last October's low of 1.5706. Any call/advice on that anyone? Cheers.
Good movement yesterday on GU, tested 5900 n broke without much resistance. Looks holding well at 5880ish. Looks like going for a retracement to pivot at 1.5945. Lets see if it can hold there, otherwise, another freefall day ahead. Happy trading everyone.
  • #189,936
  • Dec 29, 2009 7:32pm Dec 29, 2009 7:32pm
Quoting yinbyungheon
1.57xx is the TP that im gona take...maybe from there i.ll start buying...
  • #189,937
  • Dec 29, 2009 7:59pm Dec 29, 2009 7:59pm
Quoting Najee
Good movement yesterday on GU, tested 5900 n broke without much resistance. Looks holding well at 5880ish. Looks like going for a retracement to pivot at 1.5945. Lets see if it can hold there, otherwise, another freefall day ahead. Happy trading everyone.
  • #189,938
  • Dec 29, 2009 8:00pm Dec 29, 2009 8:00pm
Have not changed my long term view. Closed shorts from 6600, 6500 and 6400 level. Out at 5880 to 5890.

Still holding short from 1.6100 and will consider additional positions if there is a decent re-trace. or next year, I will be looking for short entries.

Take care,
BR
  • #189,939
  • Dec 29, 2009 8:06pm Dec 29, 2009 8:06pm
Quoting Big1red9
Have not changed my long term view. Closed shorts from 6600, 6500 and 6400 level. Out at 5880 to 5890.

Still holding short from 1.6100 and will consider additional positions if there is a decent re-trace. or next year, I will be looking for short entries.

Take care,
BR
sick short from 66 u can buy a new car from one order
  • #189,940
  • Dec 29, 2009 9:05pm Dec 29, 2009 9:05pm
New to this pair and the first trend trade on it. It can rack up pips for sure.

I have 3 girls not including my wife... a car?

thanks
BR

Quoting dil
sick short from 66 u can buy a new car from one order
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