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Cable Update (GBPUSD)

  • #190,401
  • Dec 31, 2009 1:14pm Dec 31, 2009 1:14pm
ahhh so you took some law classes too...

Quoting Ctic
BR,

LOL, you did get me...or did you? I left myself a way out on a technicallity. I did say market, not broker (Sydney Market, Tokyo, London, New York). This is taken from the Onada website.. And according to that the London market closes in 12 minutes and Sydney opens next year. $10,000 x 1 = $10,000. LOL Here's the link http://fxtrade.oanda.com/resources/fxmarkethours/








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[color=#333333][font=Arial]Time Zone: (GMT-10) HST(GMT-9) AKST,HADT(GMT-8) PST,AKDT(GMT-7) MST,PDT(GMT-6)...
  • #190,402
  • Dec 31, 2009 1:21pm Dec 31, 2009 1:21pm
Quoting egkid
We will
http://www.forexfactory.com/showthre...58#post3332458
I told you
Just back from long hard day of WORK

Happy New Year ALL
  • #190,403
  • Dec 31, 2009 1:31pm Dec 31, 2009 1:31pm
So...... 2010 feel better than 09?


Quoting Fiesta_id
Now.. 1 January 2010 here at Surabaya - Indonesia

HAPPY NEW YEAR TO YOU.. Wish You all the Best
  • #190,404
  • Dec 31, 2009 3:42pm Dec 31, 2009 3:42pm
Quoting bonus76
I have been trading for a year. Iseem to have good entries however i tend to take profits to early. Any suggestion of a book that can help me with it?.

Any ideas where gu going to open next week?
If your entries are good learn about fibonacci numbers. those will tell you exactly where to get out.
  • #190,405
  • Dec 31, 2009 4:07pm Dec 31, 2009 4:07pm
HI MATES HAPPY NEW YEAR , drinking crystal celebrating in style like malcom ! lol
  • #190,406
  • Jan 1, 2010 4:44am Jan 1, 2010 4:44am
http://www.denvercokemonkey.com/imag...y-new-year.png

Not that I endorse this sort of behavior...but it's a funny pic.
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #190,407
  • Jan 1, 2010 7:21am Jan 1, 2010 7:21am
Quoting egkid
http://www.forexfactory.com/showthre...58#post3332458
I told you
Just back from long hard day of WORK

Happy New Year ALL

happy new year ladies

  • #190,408
  • Jan 1, 2010 7:52am Jan 1, 2010 7:52am
Who had happy old year in forex? Who was positive? I was.
My 2% forex risk capital gave me 18% which was made in the evenings after work
The rest 98% bank capital gave me 9%
The risk is not worth the candle if it were not for fun
So risk must be minimized and fun maximized.
  • #190,409
  • Edited 11:15pm Jan 1, 2010 10:16pm | Edited 11:15pm
Almost 3 Months follow in this Thread & I'm NEWBIE in this Forum. And NEW Player in Trading too...

Please, Guidance from you All as a Senior Traders !
I'll be Learn & Learn much More ... become a GOOD TRADER like you.
Be given Permission to Section members on this Thread, please.
Thx before.


I follow the Golden Rules from ART OF BUSSINESS :

In the Bussiness World, it is inevitable that you will have to take Risks of Greater or Leeser Degrees at Various times.
Very Often, the Greater the Reward, the Greater the Risk in Terms of Financial or Reputational losses.

In many Cases, Great Potential Gains are Balanced Out by Great Potential Losses.
This is the Risk that must be run in Order to Move ahead, one which many People would rather avoid.
However, you should Not Allowed the Danger of the Loss to deter you from reaching for the Value of the Gain.
Losses can usualy be recouped, but the Chance to Gain will seldom repeat itself.

While it is Possible to adopt a Low Risk approach, achieving mediocre or Low Gains in exchange for certainty and stability,
this will be detrimental to the Development of your bussiness in the Long run as Less risk-averse competitors move ahead, leaving you behind.

In reaching for opportunity, it is Vital to Act Swiftly and Decisively.
Although Risk evalution is Extremely necessary if Potential Loss is High, sometimes the Window of opportunity may be too Small to allow you the Leisure of a Prolonged Evalution. Under such circumstances, you can only makes as Fast a judgement as is Possible, with what Information is at Hand.

On the other Hand, if you take a Calculated Risk, even if you Fail, you will have gained Valueble experience from the Venture.

Always looking the GREAT, never left GOOD Point...
  • #190,410
  • Jan 2, 2010 12:41am Jan 2, 2010 12:41am
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_2010_daily2.gif Size: 23 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbp_2010_daily1.gif Size: 22 KB


UPtrend the GU will testing 1.6233 (hi 31 dec 2009) then 1.6378 then 1.6611 and 1,6780
but GU still have support at 1.6116 then 1.5878 then 1.5832 (low 30 Dec 2009) before she confirm go to 1.5706 and 1.53

this week if GU cannot break 1.6230-50 it's look like she will go down to 1.5877 (will be DOWNTREND???)

i need some suggestion and criticsm from all of u guys..... HAPPY NEW YEAR 2010
  • #190,411
  • Jan 2, 2010 3:15am Jan 2, 2010 3:15am
Quoting sinyo79
Attachment

Attachment

UPtrend the GU will testing 1.6233 (hi 31 dec 2009) then 1.6378 then 1.6611 and 1,6780
but GU still have support at 1.6116 then 1.5878 then 1.5832 (low 30 Dec 2009) before she confirm go to 1.5706 and 1.53

this week if GU cannot break 1.6230-50 it's look like she will go down to 1.5877 (will be DOWNTREND???)

i need some suggestion and criticsm from all of u guys..... HAPPY NEW YEAR 2010
Too much lines man..
  • #190,412
  • Jan 2, 2010 4:39am Jan 2, 2010 4:39am
tomorrow
Fed Chairman Bernanke Speaks.
and it is redddd . what gonna happent ?
  • #190,413
  • Jan 2, 2010 3:18pm Jan 2, 2010 3:18pm
Retrace Or Trend Revesal ?

Who can answer this question ?

I have my answer and will post it before Market opens.
  • #190,414
  • Jan 2, 2010 3:51pm Jan 2, 2010 3:51pm
Hi Everyone,

I have been monitoring Gu for a while and also learning a lot from experts in this forum, and for the following week my analysis is as following:

1- Market overview: Obama has been pretty active traveling to China and other countries to promote the policy for Dollar appreciation.

2- There is a new US policy internally informing all the US based multinationals to convert thier profitability into US based acccount and repatriate the profit back to US

3- Bernanke tomorrow will promote Dollar appreciation policy

4- There is no correlation between inflation and US dollar, hence, any inflation scare will not effect the dollar and vice versa

5- UK debt burden is most likely to downgrade the UK debts into negative

6- Cable is most likely to become at par with Euro, hence, GU is greatly overvalued at the current prices.



Tehcnical Set UP:
1- If you notice on the daily, its an inverted hammer, trigerring a downtrend.

2- On the Gant chart, its a continuation to downward pressure rather than upward.

3- Over the holidays, hedge funds have manipulated the prices by covering the shorts in preperation to short the Gu as there were very little buying

4- Gold tehcnical set up is already confirmed a downward trend, hence, pushing the Dollar up, which will push the Euro and GU down

Signal

1- On daily , inverted hammer
2- On weekly , no signal
3- On 4H, inverted Hammer and stochastic is oversold.

My conclusion, tomorrow, Gu will make a big dip downward, and on weekly, a downward trend is most likely to start
  • #190,415
  • Jan 2, 2010 4:13pm Jan 2, 2010 4:13pm
well i think its a retrace the level i ll be watching is 1.625 if it holds then we ll go down to finish first leg A may be 1.57 a correction of B may be 1.68 then c will take it to may be 1.45 . this is my projection but who am i to put this to great traders lol a pizza man from licolnshire
  • #190,416
  • Jan 2, 2010 11:05pm Jan 2, 2010 11:05pm
Quoting dil
Too much lines man..

the lines it's makes we confirm which level GU will be testing.... but thank you 4 the suggestion, i'm very very appreciate... i wish next posting i could minimalize the lines
  • #190,417
  • Jan 3, 2010 12:38am Jan 3, 2010 12:38am
Just pop in after quite a long absence in FF and its still disheartening to see the same old themes playing out over again and again. Cant anyone see/realise that sentiments on this pairs have just change to positive ??

I just dont know and it sure beats the hell out of me .....

Well dont anyone even bother cos into the Iggy I go again...
  • #190,418
  • Jan 3, 2010 6:22am Jan 3, 2010 6:22am
Quoting dil
Too much lines man..
Hi Dil,

Sinyo has done exactly what I do and we as Price action player thrive of almost all Trendlines..which teaches us high probablilty setups...

Good Luck Sinyo keep up the hardwork
Let Price determine your future!
  • #190,419
  • Jan 3, 2010 6:24am Jan 3, 2010 6:24am
Quoting sinyo79
the lines it's makes we confirm which level GU will be testing.... but thank you 4 the suggestion, i'm very very appreciate... i wish next posting i could minimalize the lines
Lol....Why are you changing your trading stratergy...as I said your thought process is perfect....atleast you dont use lagging indicators

Good Luck
GeppyG
Let Price determine your future!
  • #190,420
  • Jan 3, 2010 6:46am Jan 3, 2010 6:46am
how do you think that the
Fed Chairman Bernanke Speaks
will have influence today ?
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