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Cable Update (GBPUSD)

  • #197,101
  • Jan 29, 2010 10:04am Jan 29, 2010 10:04am
Quoting Jemmy
set TP 6010 from 6140..

I think enough for today..
Nice trade... have a great day
"Keep your eyes on the helpers" - Mr. Rogers
  • #197,102
  • Jan 29, 2010 10:06am Jan 29, 2010 10:06am
Quoting Bullfx
U closed short. Do you think of going long now ?
Just need patience, sometimes after my confirmation of a bottom it can still go down, other times it does not. The real question for me is how far will it pull back before it stops. And of course use an MM strategy that works well for you.
"Keep your eyes on the helpers" - Mr. Rogers
  • #197,103
  • Jan 29, 2010 10:10am Jan 29, 2010 10:10am
Quoting damonl
Nice trade... have a great day
that was lucky when yesterday my SL 6280 almost eaten by the bulls when it climb to 6276..
Patience + Discipline =
  • #197,104
  • Jan 29, 2010 10:13am Jan 29, 2010 10:13am
Quoting Jemmy
that was lucky when yesterday my SL 6280 almost eaten by the bulls when it climb to 6276..

Very lucky indeed. Sometimes I just hate using those things. SL's that is. It just seems that they do everything they can to stop you out.
"Keep your eyes on the helpers" - Mr. Rogers
  • #197,105
  • Jan 29, 2010 10:17am Jan 29, 2010 10:17am
Quoting Fly2
you will see a 1.59**today


U Meant 1.5977 !?

85.41 % Fibo !?

Hmmmmmm......!?

* Never Trust To Any Indicator *
  • #197,106
  • Jan 29, 2010 10:17am Jan 29, 2010 10:17am
Quoting damonl
Very lucky indeed. Sometimes I just hate using those things. SL's that is. It just seems that they do everything they can to stop you out.
SL is a big dilemma in forex world, i think..
Patience + Discipline =
  • #197,107
  • Jan 29, 2010 10:28am Jan 29, 2010 10:28am
Quoting Jemmy
SL is a big dilemma in forex world, i think..
Heck ya.....that is one of the hardest dilememas for me when I enter a longer term trade on a short tf chart, because really, in many cases it is nothing but an uneducated guess where I put mine at.
"Keep your eyes on the helpers" - Mr. Rogers
  • #197,108
  • Jan 29, 2010 10:38am Jan 29, 2010 10:38am
Quoting Petar_Serbia
I am short EURUSD and GBPUSD
OK guys i am finish for this week,EURUSD 55+ today for me and GBPUSD 70+
Last trade is 25 pips+...






Cheers and happy piping
Attached Image (click to enlarge)
Click to Enlarge Name: 25pips.gif Size: 31 KB
"Buy on fear, sell on greed !!!
  • #197,109
  • Jan 29, 2010 10:50am Jan 29, 2010 10:50am
Quoting Petar_Serbia
OK guys i am finish for this week,EURUSD 55+ today for me and GBPUSD 70+
Last trade is 25 pips+...






Cheers and happy piping
See ya.. Have a great weekend
"Keep your eyes on the helpers" - Mr. Rogers
  • #197,110
  • Jan 29, 2010 10:53am Jan 29, 2010 10:53am
look like gu hard to brake 1.600....but if break where gu going to stop?...1.59?...
Revesal Trader
  • #197,111
  • Jan 29, 2010 10:55am Jan 29, 2010 10:55am
Quoting Jemmy
Hi Petar_Serbia,

Please share what is your blackdog forecast about next month ?
What TF chart do you want to see?
I trade what I see on my charts. Do Not listen to the Muppets.
  • #197,112
  • Jan 29, 2010 10:57am Jan 29, 2010 10:57am
Quoting Vanhook2
What TF chart do you want to see?
daily.
Patience + Discipline =
  • #197,113
  • Jan 29, 2010 10:58am Jan 29, 2010 10:58am
Quoting Fly2
you will see a 1.59**today



Or 1.5958 !?

88.77 % Fibo !?

* Never Trust To Any Indicator *
  • #197,114
  • Jan 29, 2010 11:01am Jan 29, 2010 11:01am
Congrats to all who got in on this recent drop. Hope you
all had good entries using your various methods.

Here's a way to signal breakouts and pin-point entries using
compression charts. Watching for areas of convergence
of the multiple moving averages (EMA's are best as they
react closest to PA)... then waiting for the tightest area
of compression and subsequent release that breaks rapidly
away from the noise of the lower drifts of PA.

Time to post a chart (since I was you know where) at
the time of full compression and release on the 1m and
confirmed by a set-up on the 5m. Which way was it
going to release? A 15m - 1h all showed the tendency
to go down on any break. I drew a small TL on the 5m
and 1m to watch for a final area to break @~1.6130. An
earlier entry on the 1m with a tight SL might have given
10-15 additional pips but could also have been frustrated
by the often seen fake out before the move.

This safe entry would have given 100+ pips. I entered late
but still made some pips here at the bottom. Here is not a
good time to trade in my opinion since the move had reached
near exhaustion and needs a pause and could continue down
or retrace back up. The CRS patterns will alway reform for
more opportunities.

I would always prefer to trade off of compression but I still
would much rather be... (read my signature)
Attached Images
  • #197,115
  • Jan 29, 2010 11:07am Jan 29, 2010 11:07am
I'm not going to make a forecast, but here is the GU chart.
All indicators @ default settings.
Attached Image (click to enlarge)
Click to Enlarge Name: gu day.gif Size: 34 KB
I trade what I see on my charts. Do Not listen to the Muppets.
  • #197,116
  • Jan 29, 2010 11:09am Jan 29, 2010 11:09am
This is chart for long term,this renko setup is very good for GBPUSD,EURUSD and EURJPY...You can take many pips just falow the trend
Attached Image (click to enlarge)
Click to Enlarge Name: longtemrr.gif Size: 29 KB
"Buy on fear, sell on greed !!!
  • #197,117
  • Jan 29, 2010 11:10am Jan 29, 2010 11:10am
Quoting Vanhook2
I'm not going to make a forecast, but here is the GU chart.
All indicators @ default settings.
Thanks Vanhook2..
Patience + Discipline =
  • #197,118
  • Jan 29, 2010 11:13am Jan 29, 2010 11:13am
Lunch time in N.Y, so might as well take a little break for a bit
"Keep your eyes on the helpers" - Mr. Rogers
  • #197,119
  • Jan 29, 2010 11:14am Jan 29, 2010 11:14am
Quoting Petar_Serbia
This is chart for long term,this renko setup is very good for GBPUSD,EURUSD and EURJPY...You can take many pips just falow the trend
What Renko settings are you using here?
"Keep your eyes on the helpers" - Mr. Rogers
  • #197,120
  • Jan 29, 2010 11:16am Jan 29, 2010 11:16am
Quoting damonl
Lunch time in N.Y, so might as well take a little break for a bit
master...newbie here...just want to ask if go under 1.59...where posibality it going to stop?....1.5955 can or not?
Revesal Trader
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