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Cable Update (GBPUSD)

  • #197,561
  • Feb 1, 2010 9:52pm Feb 1, 2010 9:52pm
Quoting kray_85
mownink to all,

newbie here need some help from master..could anyone explain to me,what is a relation between dow,s&p 500 and usd index with usd/gbp?..
Kray,

remember everything is interconnected thus correlated. But, remember that just because things are correlated, it is not a perfect correlation. Typically, as the USD gets stronger the stock markets will fall, thus the U/G will fall. If the USD, is getting stronger, but the GBP is getting stronger at a faster rate, then the U/G should increase even though USDX is increasing. Like I said, the correlations are not exact but they are to be used simply as a guide.

C.
  • #197,562
  • Feb 1, 2010 9:54pm Feb 1, 2010 9:54pm
Inserted Video
  • #197,563
  • Feb 1, 2010 9:57pm Feb 1, 2010 9:57pm
Dr. D,

I feel that we may get one more test to the downside. If it breaks that, we will go down a long ways. If it does not break, well, back up. The 4H bounced off the 138.2 thus causing the pinbar candle we saw yesterday. I was in for a short when that nice little new event happened. I had a feeling AUD was not going to raise the rates... In addition we are seeing a fairly strong support @ the 100 fib (previous weeks low, bounced off that 3 times now.

C.
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  • #197,564
  • Feb 1, 2010 10:05pm Feb 1, 2010 10:05pm
Where will she go ? :nerd:1.5924/29 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #197,565
  • Feb 1, 2010 10:12pm Feb 1, 2010 10:12pm
Quoting forexlion
http://www.youtube.com/watch?v=Fef3Q...esh+div-r-6-HM
Lion...I didn't know you were 3x as cute as anyone else

Make the 4X
"Keep your eyes on the helpers" - Mr. Rogers
  • #197,566
  • Feb 1, 2010 10:12pm Feb 1, 2010 10:12pm
The down pressure... because tha aussie interest... maybe price will find a support at 1.5920 and then up... targeting 1.6010... no SL I will see all the session...
... All good things come to those who wait...
  • #197,567
  • Feb 1, 2010 10:13pm Feb 1, 2010 10:13pm
Quoting manize
Where will she go ? :nerd:1.5924/29 !
Manize

How have you been bro? I hope the forex was kind to you last month. 1.5830 is the magic spot. That is the low from December before we had this bounce up. I do feel that we should go to test. We passed under the 76.4 support (pink line)for quarterly fib and we broke the triangle we were in on the bottom side. I feel we may break the low from December. For now I feel that we will get one more test of that line. If it breaks, the target will be 1.5280 before month end. If we do not break, well back to the top...

C.
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  • #197,568
  • Feb 1, 2010 10:14pm Feb 1, 2010 10:14pm
near by 1.6010 price should go downtrend again... far target 1.5700
... All good things come to those who wait...
  • #197,569
  • Feb 1, 2010 10:15pm Feb 1, 2010 10:15pm
These two last weeks were very profitable...
... All good things come to those who wait...
  • #197,570
  • Feb 1, 2010 10:16pm Feb 1, 2010 10:16pm
Quoting ZeroPip
near by 1.6010 price should go downtrend again... far target 1.5700

Zero,

I agree with your analysis even though you didn't have chart posted. If you notice my chart above, the 1.5700 you talk about is the quarterly 100 fib line which posted back in October as you can see by the 2nd three back on the bottomside by my previous chart. We have to break December's low first before we reach that..

C.
  • #197,571
  • Feb 1, 2010 10:21pm Feb 1, 2010 10:21pm
Quoting Ctic
Zero,

I agree with your analysis even though you didn't have chart posted. If you notice my chart above, the 1.5700 you talk about is the quarterly 100 fib line which posted back in October as you can see by the 2nd three back on the bottomside by my previous chart. We have to break December's low first before we reach that..

C.
Yes... you´re right... sorry for no post charts... my broker´s charts are ugly!!!
... All good things come to those who wait...
  • #197,572
  • Feb 1, 2010 10:23pm Feb 1, 2010 10:23pm
Quoting ZeroPip
Yes... you´re right... sorry for no post charts... my broker´s charts are ugly!!!
Believe it or not so are mine. I am still using charts from an account I blew out 4 years ago. I tihnk I have a whole whopping 4.36 account balance there. My current account I just use to trade with no charts. If my broker actually looked at it they would wonder how I am profitable without using any charts...little do they know lol.
  • #197,573
  • Feb 1, 2010 10:23pm Feb 1, 2010 10:23pm
Quoting Fusion
What are all these indicators? Can you list them?
All EMA's: 6, 18, 36, 54, 72, 90, 108, 126, 144 (applied close).

Dr. D.
  • #197,574
  • Feb 1, 2010 10:24pm Feb 1, 2010 10:24pm
Quoting behman8850
Sir,
Should I Buy or Sell at this rate?
I wish I had the answer.

Sir, with all due respect. You shouldn't be asking me or any
stranger this question... "should I buy or sell"? I may be a
pimple nosed puke playing on my daddy's PC.

Reserve this for a contracted agent who gives trade signals
or with others you associate with and trust.

Even the question in the short term was hardly worth asking
before the Asian session as no one knows where it will go from
here (here=when you asked the question 5 hrs ago).

Let me show you why.

The vertical line was 5 hrs ago when you posted this question.
We were 'flat-lining' at ~1.5960 as another poster pointed out.
Look what it has done since.... bouncing between R1 and Pivot.

If you are asking on a broader scale... no one knows that answer
either. If you are addressing a specific TF then there are a few
projections worth watching.

A better question that will elicit a response is... "where will it go
from here?" Still, no one knows.

Dr. D.
Attached Image
  • #197,575
  • Feb 1, 2010 10:28pm Feb 1, 2010 10:28pm
Going long now... targeting 40 pips 1.5970...
... All good things come to those who wait...
  • #197,576
  • Feb 1, 2010 10:31pm Feb 1, 2010 10:31pm
Dr. D,

With all due respect I couldn't tell if you were a pimple nosed puke by your avatar. All I can see is an ass in the air diving into a dumpster lol...

But to agree with you on a serious note, I agree.. You have to be confident with your analysis when you put a trade in. I know I give a direction and a reason why I feel it will go that direction in this forum. I could be right and I could be wrong. Either way it wouldn't be the first time and it won't be the last.

My advice is to post a chart in here and give a reason for why you think it is going to go in a certain direction. Then people can agree or disagree with you base on that. Like Dr. D said do not rely on others to base where your trades go. It isn't their money and they don't care one way or the other if you make money or lose money.

Remember for every person that wins in the forex, another one loses. Can not have one without the other.

C.
Quoting fourxtrader
I wish I had the answer.

Sir, with all due respect. You shouldn't be asking me or any
stranger this question... "should I buy or sell"? I may be a
pimple nosed puke playing on my daddy's PC.

Reserve this for a contracted agent who gives trade signals
or with others you associate with and trust.

Even the question in the short term was hardly worth asking
[i][color=blue]before...
  • #197,577
  • Feb 1, 2010 10:32pm Feb 1, 2010 10:32pm
Quoting ZeroPip
Going long now... targeting 40 pips 1.5970...
Hey..I have a long scalp as well as my short trade.

Best wishes to us
"Keep your eyes on the helpers" - Mr. Rogers
  • #197,578
  • Feb 1, 2010 10:34pm Feb 1, 2010 10:34pm
Quoting damonl
Hey..I have a long scalp as well as my short trade.

Best wishes to us
Obviously your account is not based in the United States. According to the U.S. you can't make money hedging..lol
  • #197,579
  • Feb 1, 2010 10:35pm Feb 1, 2010 10:35pm
Quoting Ctic
Dr. D,

With all due respect I couldn't tell if you were a pimple nosed puke by your avatar. All I can see is an ass in the air diving into a dumpster lol...

But to agree with you on a serious note, I agree.. You have to be .

Dr. D = Doctor DumpsterDiver LOL

Dr.D, J/k my friend, but it sure is funny ... LOL
"Keep your eyes on the helpers" - Mr. Rogers
  • #197,580
  • Feb 1, 2010 10:36pm Feb 1, 2010 10:36pm
Quoting Ctic
Obviously your account is not based in the United States. According to the U.S. you can't make money hedging..lol
That is completely false...you just cannot hold a hedge past the end of the day. It will close the oldest orders first automatically so you only have trades open in 1 direction.

And only as long as they are the same lot size.
"Keep your eyes on the helpers" - Mr. Rogers
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