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Cable Update (GBPUSD)

  • #192,321
  • Jan 12, 2010 8:09am Jan 12, 2010 8:09am
Still Long even though there are plenty of down trend on the M1... TP set at 1.61673.

Doesn't makes sense in my opinion.. but assumption is that it is finally testing the Daily Pivot for the first time however all the fundamentals and technicals in the larger time frames all show GBP stronger then US..

Interested in others' opinion.

Cheers
R.
  • #192,322
  • Jan 12, 2010 8:14am Jan 12, 2010 8:14am
Attached File(s)
File Type: ex4 Ind-TD-DeMark-3-1-new.ex4   27 KB | 301 downloads

Attached File(s)
File Type: mq4 Ind-TD-DeMark-3-1-new.mq4   13 KB | 297 downloads


For all
  • #192,323
  • Jan 12, 2010 8:14am Jan 12, 2010 8:14am
Quoting RChio
Still Long even though there are plenty of down trend on the M1... TP set at 1.61673.

Doesn't makes sense in my opinion.. but assumption is that it is finally testing the Daily Pivot for the first time however all the fundamentals and technicals in the larger time frames all show GBP stronger then US..

Interested in others' opinion.

Cheers
R.
I use to do the same thing as you do. Now most of the time if there is up trend during the European session, then there will be opposite trend in the US session. This is true most of the time, unless there is fundamental that can add more fuel for the original up trend.
  • #192,324
  • Jan 12, 2010 8:20am Jan 12, 2010 8:20am
Quoting kill56
hi petar

which indi u are talking about name it and u will have it bro
That is not indi,that is Ultimate Swing trader system...
"Buy on fear, sell on greed !!!
  • #192,325
  • Jan 12, 2010 8:29am Jan 12, 2010 8:29am
Quoting Petar_Serbia
That is not indi,that is Ultimate Swing trader system...
do u remember which one i have 3 charts posted at the 15-12-2009
  • #192,326
  • Jan 12, 2010 8:34am Jan 12, 2010 8:34am
Quoting kill56
do u remember which one i have 3 charts posted at the 15-12-2009
Aha pardon,you aksed me for your indi i wanted last year ? I mean my chart ...I dont know i want indi wich has buyers and sellers on screeen i think...
"Buy on fear, sell on greed !!!
  • #192,327
  • Jan 12, 2010 8:35am Jan 12, 2010 8:35am
is it this chart petar

yep its the one that have buyers n seellers
Attached Image (click to enlarge)
Click to Enlarge Name: h1cable.gif Size: 17 KB
Attached File(s)
File Type: ex4 forexsignalszulutrade.ex4   9 KB | 265 downloads
  • #192,328
  • Jan 12, 2010 8:35am Jan 12, 2010 8:35am
Quoting kilalik
I use to do the same thing as you do. Now most of the time if there is up trend during the European session, then there will be opposite trend in the US session. This is true most of the time, unless there is fundamental that can add more fuel for the original up trend.
Thanks Mate, I'll backtest that hint you just gave me....

Its always good to get the feedback of those who are more knowledgeable than myself

cheers
R
  • #192,329
  • Jan 12, 2010 8:37am Jan 12, 2010 8:37am
I am out . I've reached my target +50 pips gain today.
Trade well what you see friend. May up may down, ranging between 1.6121-1.6180/217 if up or 1.6078 - 1.6121 if down untill US session closing with key level 1.6121 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #192,330
  • Jan 12, 2010 8:39am Jan 12, 2010 8:39am
any see cable going up more?
Attached Image (click to enlarge)
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  • #192,331
  • Jan 12, 2010 8:49am Jan 12, 2010 8:49am
Quoting tommycz
any see cable going up more?
me too
  • #192,332
  • Jan 12, 2010 9:35am Jan 12, 2010 9:35am
hahaha f*ck you shorters we going up
  • #192,333
  • Jan 12, 2010 9:38am Jan 12, 2010 9:38am
Is anyone seeing the reverse head and shoulders formation on the 4h TF? Or am I just seeing things again.

hmm...I might have to close those shorts with -ve pips.
  • #192,334
  • Jan 12, 2010 9:40am Jan 12, 2010 9:40am
Quoting RChio
Still Long even though there are plenty of down trend on the M1... TP set at 1.61673.

Doesn't makes sense in my opinion.. but assumption is that it is finally testing the Daily Pivot for the first time however all the fundamentals and technicals in the larger time frames all show GBP stronger then US..

Interested in others' opinion.

Cheers
R.

Hit & Exceeded my Long TP...

Now going Short and entered trade at Daily R1 with TP @ 23.8% retracement of H1 & H4 Chart = 1.61503.

Cheers,
R
  • #192,335
  • Jan 12, 2010 9:46am Jan 12, 2010 9:46am
maybe 1.6200 is a nice plae to short.. maybe
  • #192,336
  • Jan 12, 2010 9:48am Jan 12, 2010 9:48am
I'm trying to get some disipline. But today I started playing higly leveraged and I could really lose half my account maybe all of it. Things seem to work like this: I'm losing, add a position, lose more, another one.
Well I had luck. I hope the fear I felt watching it going south and losing like a compulsive casino player teach me.
Attached Image (click to enlarge)
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  • #192,337
  • Jan 12, 2010 9:53am Jan 12, 2010 9:53am
3 Lots, Short 1.6190, SL 1.6240, TP 1 1.6120
Lets see how much (or little) power the bulls have
  • #192,338
  • Jan 12, 2010 9:55am Jan 12, 2010 9:55am
Quoting Zuke
3 Lots, Short 1.6190, SL 1.6240, TP 1 1.6120
Lets see how much (or little) power the bulls have

I'll wait 1.6230 before shorting it....the upmove seems strong
COT: The precious data ignored
  • #192,339
  • Jan 12, 2010 9:56am Jan 12, 2010 9:56am
Quoting MartinR
I'm trying to get some disipline. But today I started playing higly leveraged and I could really lose half my account maybe all of it. Things seem to work like this: I'm losing, add a position, lose more, another one.
Well I had luck. I hope the fear I felt watching it going south and losing like a compulsive casino player teach me.
Dude,

Word of advice, it doesn't always work in your favour..infact it only happens no more than 20% of the time... I've been there and tried that... got margin call once and wiped out my account and then some... now I stick to a set of money management rules to determine my sizing and the # of open trades I can have in the same direction.

Best bet for you is to find other indicator or oscillators that help you with your entry timing.

Cheers
R
  • #192,340
  • Jan 12, 2010 9:57am Jan 12, 2010 9:57am
Quoting Magix
Actually...

What closes gap is trace back to the 4hr 24SMA support line (red) with dotted white line as first line of support. On the last break to the north, we took 2 runs at the 200EMA with its first bounce off of these supports....

Ima guess, if we try this again, we gunna break that line and be the long chart. But we gotta see if we hold support first.

Here's the 3rd try. (200EMA aqua)

Dr. D.
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