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Cable Update (GBPUSD)

  • #200,021
  • Feb 16, 2010 8:08pm Feb 16, 2010 8:08pm
Quoting pilotui
TGT 1 5753 (Price alert only)

TGT 2 5709 (If this hit's I'll double my account)

-Darren
Current bottom side target by my charts is about 1.5726. Not that I am one for speculation, but this is the support line on the hourly. As the last time frame cracked for topside movement was the hourly, it does make some sense that this is the time frame that should provide the support.

Good luck on the short!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,022
  • Feb 16, 2010 8:38pm Feb 16, 2010 8:38pm
Quoting pilotui
TGT 1 5753 (Price alert only)

TGT 2 5709 (If this hit's I'll double my account)

-Darren
Double your account? What if it goes the other way? Wipe your account? You need to be careful with your leverage man.
  • #200,023
  • Feb 16, 2010 8:47pm Feb 16, 2010 8:47pm
Quoting kalparker
Double your account? What if it goes the other way? Wipe your account? You need to be careful with your leverage man.
I guess I said that wrong...lol.

What I should have said was My stop loss is 7 pips and my TP is 73 pips

So thats a decent R:R.

+18 pips right now

I hear you though, and good advice my friend.

-Darren
  • #200,024
  • Edited 9:49pm Feb 16, 2010 9:00pm | Edited 9:49pm
Today key level is DP 07.00 am GMT +7 ---> 1.5734. If bullish continues, it is a good level to go long surround there !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #200,025
  • Feb 16, 2010 9:24pm Feb 16, 2010 9:24pm
Quoting egkid
Everyone has his own way to read the chart and trade
Beside trend is down ,It's matter of pick up your entry
But shouldn't have to mislead the newbie in trading on posting ! If right say right, if wrong say wrong !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #200,026
  • Feb 16, 2010 10:16pm Feb 16, 2010 10:16pm
Bearish in favour as long as the blue channels shown a lack of volume at resistance and high volume at support. SL at 1.5845(breach this; go long)
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Pride of opinion is a characteristic of losing traders
  • #200,027
  • Edited 11:06pm Feb 16, 2010 10:27pm | Edited 11:06pm
how about this pettern???
sure i will not called it 'butterfly'..,cos he already fly away to the sky..., (beside that i know you will not believe any butterfly again after all what happen last night.... )

so i will name it as
"crazy trader want to jump to the valley"



hahahaha...,cool.....,



ok...,that's enough....


note:don't give a reply or asking for this pattern...,i me myself will not talking about that either...,

happy trading everyone...
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I will be the number one Manager.
  • #200,028
  • Feb 16, 2010 10:33pm Feb 16, 2010 10:33pm
  • #200,029
  • Feb 16, 2010 10:42pm Feb 16, 2010 10:42pm
Quoting Ctic
No I could not disagree with you more. As I have said the problem with the fbo method is when you draw the fibs wrong. If you can't make money using fibs, you don't know how to use them.

C.
Every TF chart has fibs line, they give different level, which one should we base on? No one know, right?
When I use BB, I do not need to draw anything, fibs, triangle.....etc.. It just provide instant guide line. When it swing, it just swing in between the H4 BB lines. That is why I can detect earlier. When it run, it will run along the BB line. Simple and easy to judge.
Face both Win and Lose bravely
  • #200,030
  • Feb 16, 2010 10:44pm Feb 16, 2010 10:44pm
EU : buy limit @1.3740 TP 1.3800 SL 1.3640; trailing stop 15 points.
GU : buy limit @1.5740 TP 1.5800 SL 1.5640; trailing stop 15 points.
UC : sell limit @1.0680 TP 1.0600 SL 1.0780; trailing stop 15 points.

i'm trying to analyze based on elliot waves and correlation. if i'm wrong, it's gonna be -300 but idecide that's worth it.
if i'm right, it would be much better ..

any advice for this noob?
  • #200,031
  • Feb 16, 2010 10:55pm Feb 16, 2010 10:55pm
Quoting javapips
how about this pettern???
sure i will not called it 'butterfly'..,cos he already fly away to the sky..., (beside that i know you will not believe any butterfly again after all what happen last night.... )

so i will name it as
"crazy trader want to jump to the valley"


note:don't give a reply or asking for this pattern...,i me myself will not talking about that either...,

happy trading everyone...

Don't shoot the messenger but a bearish butterfly has formed on the one hour chart.

Attached Image (click to enlarge)
Click to Enlarge Name: 1hrgu.gif Size: 16 KB


JD
It's Easy To Get In;.. It's Hard To Get Out
  • #200,032
  • Feb 16, 2010 10:56pm Feb 16, 2010 10:56pm
+5 pips...I think it will push up before re-setting to the 5730 area

Night
  • #200,033
  • Feb 16, 2010 10:58pm Feb 16, 2010 10:58pm
Quoting Wollyqe
Euro has taken Sterling into this high yesterday.

this level -> 1.5780
Its a good time to short from here

There is no way it is going north.
Long term it is much drop from here
Wolly,

I hate to tell you this my friend, but this is the forex. NEVER say there is no way it is going anywhere. And for the record, the Euro really had not much to do with this going into the high. I believe the dollar index dropping had a lot more to do with it than anything. And I do think we should push up more IMHO.

C.
  • #200,034
  • Feb 16, 2010 11:01pm Feb 16, 2010 11:01pm
Quoting Cowboy11
Every TF chart has fibs line, they give different level, which one should we base on? No one know, right?
When I use BB, I do not need to draw anything, fibs, triangle.....etc.. It just provide instant guide line. When it swing, it just swing in between the H4 BB lines. That is why I can detect earlier. When it run, it will run along the BB line. Simple and easy to judge.
Cowboy,

I don't doubt that your method works for you. As I have said many many times before, there is no one correct way to trade. You can take 100 people with 100 different methods and they can all be successful. All I know is that my method has worked consistantely for me over many years, so why change it. It hits my targets and my retraces. I have also said that I use other methods since NO method works 100% of the time.

C.
  • #200,035
  • Feb 16, 2010 11:22pm Feb 16, 2010 11:22pm
Quoting Ctic
Cowboy,

I don't doubt that your method works for you. As I have said many many times before, there is no one correct way to trade. You can take 100 people with 100 different methods and they can all be successful. All I know is that my method has worked consistantely for me over many years, so why change it. It hits my targets and my retraces. I have also said that I use other methods since NO method works 100% of the time.

C.
You are right, each of us has to choose a method which work well for himself. A tool which you can master very well.
Face both Win and Lose bravely
  • #200,036
  • Feb 16, 2010 11:37pm Feb 16, 2010 11:37pm
hello to everybody!

http://www.fx360.com/techAnalysis/Index.aspx?tab=gbpusd
  • #200,037
  • Feb 17, 2010 12:11am Feb 17, 2010 12:11am
  • #200,038
  • Feb 17, 2010 12:20am Feb 17, 2010 12:20am
Quoting Privet
hello to everybody!

http://www.fx360.com/techAnalysis/Index.aspx?tab=gbpusd

http://www.fx360.com/techAnalysis/tr...endations.aspx

Take a look at their winners vs losers...I have them on my site but be careful blindly following their trades!
  • #200,039
  • Feb 17, 2010 12:33am Feb 17, 2010 12:33am
Quoting Scrmnegl
http://www.fx360.com/techAnalysis/tr...endations.aspx

Take a look at their winners vs losers...I have them on my site but be careful blindly following their trades!
Overall they were positive. They seem to hold for longer term. The one thing they do I noticed that I like is they cut their losers short and ride the winners.

That my friends is always a winning strategy.

C.
  • #200,040
  • Feb 17, 2010 12:33am Feb 17, 2010 12:33am
Quoting Scrmnegl
http://www.fx360.com/techAnalysis/tr...endations.aspx

Take a look at their winners vs losers...I have them on my site but be careful blindly following their trades!

OK! Yes! Thank you! I agree with you. of course
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