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Cable Update (GBPUSD)

  • #194,561
  • Jan 20, 2010 8:40am Jan 20, 2010 8:40am
Quoting Marginal
so u dont recomment news trading? coz i thought fundamental should move the price more instead of technicals...
thx again bro!
Its the other way around . Fundies always confirm the tech so, i always rely on my tech but will wait at the news to see the reaction just to confirm my tech.
The market is too hormanic and calculated if you pay enough attention and learn. Elliott Waves is your car and Fib. is your distance tool that tells you how far you need to go or where to make a turn
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #194,562
  • Jan 20, 2010 8:40am Jan 20, 2010 8:40am
Quoting malcolmb14
you are counter trend trading for the doji / evening star formation of last 48 hours.
Yeah it's counter trend that's why scaring me. Anyway your advice is well noted, thanks
Don't tell me how much you can earn. Tell me how much you may lose..
  • #194,563
  • Jan 20, 2010 8:41am Jan 20, 2010 8:41am
2:1 is normal
  • #194,564
  • Jan 20, 2010 8:45am Jan 20, 2010 8:45am
Quoting Baby-Trader
where is the correlation?
who supports that fucken cable?
cable is being a real pain ...

must admit though i have been doing well just trading in and out on a 10 mn chart

for now buyers are there at 1.6260 zone ...and we could even move up to test 1.6300. For now i am looking to sell rallies. until we get back above 1.6320

I traded es and gold short today instead of fx. In a futures account i can trade it all and spreads are less on currency futures

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Blogging daily now at www.volume.zone
  • #194,565
  • Jan 20, 2010 9:02am Jan 20, 2010 9:02am
Quoting Jemmy
pending sell 6245 ; SL 6290

I assume it will falling down if pass daily S1 & previous low..

Attachment
I left my pc for some hours, when back my pending has triggered also my SL..

good USD news gave more fuel to cable for moving up..

I think, fundamentally GBP not better than Euro, but there is devil support GBP..

I bet when the devil has gone EUR/GBP > 1 by the end of 2010..
Patience + Discipline =
  • #194,566
  • Jan 20, 2010 9:12am Jan 20, 2010 9:12am
Quoting Jemmy
I left my pc for some hours, when back my pending has triggered also my SL..

good USD news gave more fuel to cable for moving up..

I think, fundamentally GBP not better than Euro, but there is devil support GBP..

I bet when the devil has gone EUR/GBP > 1 by the end of 2010..
better to trade eurusd or usdchf than gu for now

even gold is better and that is a real hard one to trade
Blogging daily now at www.volume.zone
  • #194,567
  • Jan 20, 2010 9:17am Jan 20, 2010 9:17am
Quoting malcolmb14
better to trade eurusd or usdchf than gu for now

even gold is better and that is a real hard one to trade
malcolmb14,

I short Fiber at 1.4248..
Please give me advice where to put SL ?..
Patience + Discipline =
  • #194,568
  • Jan 20, 2010 9:24am Jan 20, 2010 9:24am
First line of support on the fall below the 24SMA is the 55EMA, and has proven its ability not only on a Daily, but 4HR chart. The hourly shows the line of support as the 200EMA. All circled in green.

Price is currently between 30m support in green circle (bottom right), and the hourly resistance (bottom left). A break above here should test the 4Hr 24SMA at about 1.6326.

As the Daily is still supported by both the 200EMA and the 24SMA, we are not all out bears yet, but if a top is created on the 4Hr at the 24SMA will show that we are getting there.

Choppy waters? Oh yeah baby, that's where we are!
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #194,569
  • Jan 20, 2010 9:26am Jan 20, 2010 9:26am
Quoting malcolmb14
better to trade eurusd or usdchf than gu for now

even gold is better and that is a real hard one to trade
bro why u are holding the cable from going down are u long
  • #194,570
  • Jan 20, 2010 9:33am Jan 20, 2010 9:33am
Quoting Magix
First line of support on the fall below the 24SMA is the 55EMA, and has proven its ability not only on a Daily, but 4HR chart. The hourly shows the line of support as the 200EMA. All circled in green.

Price is currently between 30m support in green circle (bottom right), and the hourly resistance (bottom left). A break above here should test the 4Hr 24SMA at about 1.6326.

As the Daily is still supported by both the 200EMA and the 24SMA, we are not all out bears yet, but if a top is created on the 4Hr at the 24SMA will show that we are getting...
Right, 1.6326 is also supported by the 38.2% fibo level of our down move from 1.6457 to 16244.
There are three kind of lies: lies, damned lies and statistics.
  • #194,571
  • Jan 20, 2010 9:34am Jan 20, 2010 9:34am
Quoting malcolmb14
for now buyers are there at 1.6260 zone ...and we could even move up to test 1.6300. For now i am looking to sell rallies. until we get back above 1.6320

Attachment
just jump in selling at 1.6298 with no tp n sl
  • #194,572
  • Jan 20, 2010 9:45am Jan 20, 2010 9:45am
Quoting egkid
Be ready us$ Bullish wave, More inf check your DX
Hint:Watch out AUD/NZD/EURO Against us$
so what will be G/B
http://www.forexfactory.com/showthre...28#post3380128
Yesterday I TOLD YOU that expecting now check what happen
With my greeting
Egkid
  • #194,573
  • Jan 20, 2010 10:01am Jan 20, 2010 10:01am
Quoting egkid
http://www.forexfactory.com/showthre...28#post3380128
Yesterday I TOLD YOU that expecting now check what happen
With my greeting
Egkid
bro how is work
akeed inta betfta7 bel ramel
  • #194,574
  • Jan 20, 2010 10:07am Jan 20, 2010 10:07am
  •  refugee
  • | Joined Aug 2009 | Status: Be patient, cautious, & skeptical. | 50 Posts
Quoting GlobalMacro

I mean...seriously....every time you come out of the woodwork, you seem to utter something completely pointless....

Ouch, tried to compliment you and here we go with this. Perhaps I'll stick to lurking.
  • #194,575
  • Jan 20, 2010 10:17am Jan 20, 2010 10:17am
N e ppl hiding with Long entries?
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  • #194,576
  • Jan 20, 2010 10:20am Jan 20, 2010 10:20am
<<BUMP>>

Well, that was close, but only my first limit order hit, but at least I am in. Still leaving everything else as is, as I am still thinking we will see another short move up yet hopefully triggering a few more of my orders.

Here is the link for the complete posting: http://www.forexfactory.com/showthre...378&page=12959

Green pips to everyone

Quoting damonl
Okay, I will have another attempt at a long term trade.

1st - I have opened up 5 sell limit orders starting at 1.6370 - 1.6410 in 10 pip increments. My stop loss is set at 1.6470. If all 5 trades trigger, my complete risk will be 2% so that is acceptable for me.

My trade is based off the 4HR chart's Bearish Engulfing bar. To me, this is the most bearish bar we have seen on this chart since November 17th. Needless to day I think we are in for one heck of a run down.

If you look at the current chart, we have a large bearish bar, but a rising...
"Keep your eyes on the helpers" - Mr. Rogers
  • #194,577
  • Jan 20, 2010 10:32am Jan 20, 2010 10:32am
Quoting Jemmy
I usually use D1 for main trend, H1 for signal to enter/exit, M5 for when to enter/exit..
Hi Jemmy,

Can you explain more Details ?
Because M5 turn signal faster than H1.

Where's the e-book that discusses about this ? :nerd:
It's More SIMPLE and EFFECTIVE seems.

Regard,


Tsar
Always looking the GREAT, never left GOOD Point...
  • #194,578
  • Jan 20, 2010 10:37am Jan 20, 2010 10:37am
[quote=damonl;3383586]<<BUMP>>

Well,....

Thank you for your information. I agree. Good!
  • #194,579
  • Jan 20, 2010 10:44am Jan 20, 2010 10:44am
Quoting Tsar
Hi Jemmy,

Can you explain more Details ?
Because M5 turn signal faster than H1.

Where's the e-book that discusses about this ? :nerd:
It's More SIMPLE and EFFECTIVE seems.

Regard,
Tsar
I read this e-book..
the strategy is very simple..
so far it worked for me..

Attached File(s)
File Type: pdf How to Trade The Forex like a Pro in One Hour.pdf   663 KB | 2,981 downloads
Patience + Discipline =
  • #194,580
  • Jan 20, 2010 10:45am Jan 20, 2010 10:45am
[quote=Privet;3383660]
Quoting damonl
<<BUMP>>

Well,....

Thank you for your information. I agree. Good!
Thanks Mate.... I keep trying
"Keep your eyes on the helpers" - Mr. Rogers
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