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Cable Update (GBPUSD)

  • #190,261
  • Dec 31, 2009 1:18am Dec 31, 2009 1:18am
Quoting Nomi1
who ever siad on ths forum that wat ever cable gives takes back double i am so much in agreement. things i want to remember from now on wards.

Money managment whcich i can never undersatnd wat it means
charts
stop loss stop loss stop losss so so so important.

i will wait till us news before i book my humangus loss seems like the bears have gone and bulls are partying early.
Seems a little odd that we are getting a 300pip upswing in extremely low volumes though.

I wouldn't put much value to these past 2 days, or even this entire week, in to what is gonna happen in January.
  • #190,262
  • Dec 31, 2009 1:23am Dec 31, 2009 1:23am
Looks like it is doing a false move upwards right now, there is divergence on RSI just like what happened when it went up yesterday. But the divergence doesn't seem to be holding now...[/quote]

Please, tell me - g/u will breakout 1.61413 today?
up is false?
  • #190,263
  • Dec 31, 2009 1:28am Dec 31, 2009 1:28am
Please, tell me - g/u will breakout 1.61413 today?
up is false?[/quote]

Wait im gonna pick up my Crystal Ball
  • #190,264
  • Dec 31, 2009 1:31am Dec 31, 2009 1:31am
Quoting dil
Please, tell me - g/u will breakout 1.61413 today?
up is false?
Wait im gonna pick up my Crystal Ball [/quote]

I see RSI on D1 strong up... (i'm waiting...)
  • #190,265
  • Dec 31, 2009 1:31am Dec 31, 2009 1:31am
Quoting Privet
Looks like it is doing a false move upwards right now, there is divergence on RSI just like what happened when it went up yesterday. But the divergence doesn't seem to be holding now...
Please, tell me - g/u will breakout 1.61413 today?
up is false?[/quote]

... quotes are all buggered up....

Only looked like it at first, on the RSI it looked as if it was gonna reverse, but it kept going, so there was no divergence, or very little anyways, so it could very well keep going up.
Personally I'm not risking anything on today though, such low volume, it is probably just an insider moving the market or something.
  • #190,266
  • Edited 3:17am Dec 31, 2009 1:38am | Edited 3:17am
Quoting kasooi
Please, tell me - g/u will breakout 1.61413 today?
up is false?
... quotes are all buggered up....

Only looked like it at first, on the RSI it looked as if it was gonna reverse, but it kept going, so there was no divergence, or very little anyways, so it could very well keep going up.
Personally I'm not risking anything on today though, such low volume, it is probably just an insider moving the market or something.[/quote]

M15 and M30 UTD_Line (1.61413) at a penetration - up, but I'm agrees to you. It not for long.
But now (D1) I see that RSI-up, Parabolic-up, MACD-change signal to up, and ZigZag must drow up to 1.61443, may be to 1.61849!
I will wait ZigZag on D1 after open SELL.
  • #190,267
  • Dec 31, 2009 3:20am Dec 31, 2009 3:20am
Quoting Baby-Trader
if we break 1.6023, next stop will be @ 1.6145
Good day to all.
I post that yesterday.
  • #190,268
  • Dec 31, 2009 3:23am Dec 31, 2009 3:23am
Daily R1 @1.6170 and the top for today maybe 1.6216
  • #190,269
  • Dec 31, 2009 3:29am Dec 31, 2009 3:29am
Quoting Baby-Trader
Daily R1 @1.6170 and the top for today maybe 1.6216
Well...! Thank you. How do you think after news today usd up or down?
  • #190,270
  • Dec 31, 2009 3:30am Dec 31, 2009 3:30am
Hi,

Where do we find out the info for the BoE Credit Conditions Survey?

Do we think the bears are jumping back in now?

Thanks!

Happy New Year to All! I wish everyone a pip filled year in 2010!
  • #190,271
  • Dec 31, 2009 3:47am Dec 31, 2009 3:47am
Quoting Privet
Well...! Thank you. How do you think after news today usd up or down?
All I can say is that the ultimate top for today is 1.6216 to 1.6263 and if we hit that top we will be retraced down strongly
  • #190,272
  • Dec 31, 2009 4:01am Dec 31, 2009 4:01am
Quoting malcolmb14
nice trading BUT you have to be correct 70% of time to make any money

your original stop loss was more than your take profit.

most traders will have 50 / 50 , the better traders like me (lol) about 75% , and then there are the BSers that have 100 % of wins and no losses.
the crazy PA yesterday didn't comfort me. so I thought it should be a retrace to the area of 1.5950 before continuing up. so I decided to take what the market offered to me and stand aside to understand what is hapenning.
  • #190,273
  • Dec 31, 2009 4:04am Dec 31, 2009 4:04am
for your note,
I'm just watching today.
  • #190,274
  • Dec 31, 2009 4:19am Dec 31, 2009 4:19am
Quoting Baby-Trader
the crazy PA yesterday didn't comfort me. so I thought it should be a retrace to the area of 1.5950 before continuing up. so I decided to take what the market offered to me and stand aside to understand what is hapenning.

can i ask what u thought was crazy about the PA yesterday..seemed obvious that it would go up, just time of year..i decided no trading zone

rather than give u the reasoning behind the move up i thought i ask why u thought it would be a selling area as appossed to buying?
  • #190,275
  • Dec 31, 2009 4:23am Dec 31, 2009 4:23am
Quoting nAVIN2007
can i ask what u thought was crazy about the PA yesterday..seemed obvious that it would go up, just time of year..i decided no trading zone

rather than give u the reasoning behind the move up i thought i ask why u thought it would be a selling area as appossed to buying?
the speed of the move. bro
  • #190,276
  • Dec 31, 2009 4:24am Dec 31, 2009 4:24am
Quoting nAVIN2007
can i ask what u thought was crazy about the PA yesterday..seemed obvious that it would go up, just time of year..i decided no trading zone

rather than give u the reasoning behind the move up i thought i ask why u thought it would be a selling area as appossed to buying?
Wonder if we'll see 1.63/64 before a pullback.

I'm holding some longs from 1.584, 1.588, and 1.592, stop loss in to protect gains.
  • #190,277
  • Dec 31, 2009 4:25am Dec 31, 2009 4:25am
buy champagne = 1 Lot .. this time no SL .. TP at 01 Jan 2010 00:00:00..

HAPPY NEW YEAR 2010
Patience + Discipline =
  • #190,278
  • Dec 31, 2009 4:29am Dec 31, 2009 4:29am
We are in the ranging market since 22-5-2009 and yesterday we hit the bottom of the range. so waht everyone expects about the GU direction.

Buy all rallies. but not now. starting second week of jan.
Attached Image (click to enlarge)
Click to Enlarge Name: range.gif Size: 20 KB
  • #190,279
  • Dec 31, 2009 4:44am Dec 31, 2009 4:44am
we broke weekly R1 @ 1.6102.
Weekly R2 @1.6254
  • #190,280
  • Dec 31, 2009 4:45am Dec 31, 2009 4:45am
Quoting Baby-Trader
the speed of the move. bro
look at the monthly chart..i have attached a chart to illustrate why this is going up ..firstly we in a range so there no trend as such..but anything below 1.60 has rejected as price hasnt managed to close below these levels on a big scale

hope the chart helps

Quoting forextine
Wonder if we'll see 1.63/64 before a pullback.

I'm holding some longs from 1.584, 1.588, and 1.592, stop loss in to protect gains.

this may prove to be very profitable
Attached Image (click to enlarge)
Click to Enlarge Name: trade2.gif Size: 39 KB
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