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Cable Update (GBPUSD)

  • #200,921
  • Feb 21, 2010 4:19pm Feb 21, 2010 4:19pm
Quoting Wollyqe
I would like to say ADIOS AMIGOS for the BEAR

Get ready to take off for 1.8050. time frame? 2010 - 2011

Please record my statement

it is 21 February 2010 current price 1.5464

(FF forum page 13396)
Could you please provide your chart?
  • #200,922
  • Feb 21, 2010 5:00pm Feb 21, 2010 5:00pm
Notice the stall line on the fall...

Hrmmm...support?

http://www.forexfactory.com/showpost...stcount=200917
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,923
  • Feb 21, 2010 5:08pm Feb 21, 2010 5:08pm
Quoting digger1
well even if it does hold I am sure magix you have noticed the best entries come from a spike high or low thru your averages if you have the cahunies to buy or sell on them spikes lol
If we close above the 24sma on the 5m, red line on previous chart, we are back to buying up to 15m resistance.

Right now, I am short on a 1m, but at support on the 5...

No trade 4 this fella.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,924
  • Feb 21, 2010 5:10pm Feb 21, 2010 5:10pm
Well I'm in short, but I'm a complete noob in his first week of demo trading so no one listen to me! Hello to everyone and thanks for all of the advice an information, this site is brilliant.
  • #200,925
  • Feb 21, 2010 5:33pm Feb 21, 2010 5:33pm
Buy Only – 1.5445 |
SL- 1.5344 |
TP- 1.5646

Take profit my change depending on major support and resistance

Good luck everyone
  • #200,926
  • Feb 21, 2010 5:44pm Feb 21, 2010 5:44pm
THat was a short short on 15M...

LOL

so Magix...whats up with the 24sma? is it important on 15M charts or just 5M?
  • #200,927
  • Feb 21, 2010 5:50pm Feb 21, 2010 5:50pm
Quoting pilotui
THat was a short short on 15M...

LOL

so Magix...whats up with the 24sma? is it important on 15M charts or just 5M?
All time frames.

If you pull up a 15m and a 5m chart right now....you will see...

200EMA, support for 5m chart
200EMA, resistance for 15m chart.

When the 24SMA is above the 200ema, we are long, when the 200ema is below the 24SMA, we are short.

So, currently, we are long on the 5, short on the 15 and waiting for the, but the 5m is is control as it held support and 15m resistance has not been challanged.

Take triggers the same off of the 1m as it confirms.

IE...if we long on the 5, and 24 is above 200 on 1m chart, as price closes candle above, go long. Watch for 200EMA on 15m as resistance.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,928
  • Feb 21, 2010 5:51pm Feb 21, 2010 5:51pm
Quoting Wollyqe
I would like to say ADIOS AMIGOS for the BEAR

Get ready to take off for 1.8050. time frame? 2010 - 2011

Please record my statement

it is 21 February 2010 current price 1.5464

(FF forum page 13396)
Firstly, I see you are a new member, welcome to FF and many thanks for posting your views. I am sure that you will come to learn how to post charts once you get to know your way around the site/functions and provide further analysis of your trades in due course.


Regards

DT

----------------------------------------------------------------------

Secondly, a new poster and FF member has decided to contribute on this thread and is attacked by Magix showing a picutre of a monkey shitting in his hand and throwing it??

I would ask you to show some common courtesy towards new members who have taken the time to contribute with their thoughts, however much you may disagree with them.

I remind you of Rule Number 1: Respect Thy Fellow Trader.

http://www.forexfactory.com/userguide.php#rule1


As a Forex Factory member, you are expected to treat others with respect and kindness. Mean-spiritedness, fighting, hostility, racism, offensive comments, and slander are all subject to removal. Healthy debate is welcome.

Additionally, all members have the right to trade in peace - you should not harass, attack, or disrupt another trader's thread.

----------------------------------------------------------------
  • #200,929
  • Feb 21, 2010 5:56pm Feb 21, 2010 5:56pm
It's like this...

We fell below the 200EMA on the 5m chart, but never had the 24sma close below. We found support on the 24sma on the 1hr chart and are looking to go long.

the 1m chart hasn't quite confirmed the longside play, so it is speculative for continuation but looks promising.

Support and long side indicators in green.

If we hold the 200ema on the 1m chart and the 24sma crosses above, we are confirmed all round and looking for next resistance at the 200ema on the 15m chart.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,930
  • Edited 6:25pm Feb 21, 2010 6:09pm | Edited 6:25pm
Quoting direct-trade
Healthy debate is welcome.

you should not harass, attack, or disrupt another trader's thread.
First off, I would call that healthy debate, and have backed it up with charts. (Everything in forex is perspective.)

Second off, I can see that you're still sore because I called you on your lame long starting 500 pips above what we now only might see as potential bottom, how are them red ones looking these days anyways?

Several times over and on your word, you are finished posting here. I see your word means as much as your ability to chart. I have offered you assistance on at least one of these fronts, ready yet?

Oh, and one last thing...for Baby-Trader...why again were you banned from DT's thread?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,931
  • Feb 21, 2010 6:25pm Feb 21, 2010 6:25pm
Quoting Wollyqe
I would like to say ADIOS AMIGOS for the BEAR

Get ready to take off for 1.8050. time frame? 2010 - 2011

Please record my statement

it is 21 February 2010 current price 1.5464

(FF forum page 13396)
Everything is possible BUT depends on What you say that man!!
Don't throw something like this without one explanation or a chart!

I looked to weekly chart and i see we dive under the water too much maybe go up floating to take a breath but not shooting high to the moon!


If that is really your view hope to provide more reasons
If you try to misleading traders you will get what you deserve soon
  • #200,932
  • Feb 21, 2010 6:27pm Feb 21, 2010 6:27pm
Quoting Magix
First off, I would call that healthy debate, and have backed it up with charts. (Everything in forex is perspective.)

Second off, I can see that you're still sore because I called you on your lame long starting 500 pips above what we now only might see as potential bottom, how are them red ones looking these days anyways?

Several times over and on your word, you are finished posting here. I see your word means as much as your ability to chart. I have offered you assistance on at least one of these fronts, ready yet?
you state your comment/picture is healthy debate? It is not healthy debate and you know it. You have attacked a new member and posted a picture of a monkey shitting in his hand and throwing it simply because you don't think.

As for still sore? Show me one post where I have risked more than 2% on one trade, in fact, even though I don't need to explain, my trades speak for themselves. Anyone who wishes to look can see my trades here:

http://www.forexfactory.com/showthre...29#post3485029

I think any person with a reasonable IQ can see that in fact the last 2 weeks alone yielded 25% with 1% and 2% risks per trade, but that's not the issue here.

The issue is: you are rude, immature, disrespectful and arrogant, especially to brand new members who have taken the time to contribute to Quicksilvers thread.

Finished posting here? Never mind, I chose where and when to post. This is Quicksilvers thread, not yours.
  • #200,933
  • Feb 21, 2010 6:28pm Feb 21, 2010 6:28pm
What does direct-trade's trading has to do with his last post? Nothing. Just try to respect the site's rules.
Many thanks to direct-trade for taking the time to remind this to those few that can't.
  • #200,934
  • Feb 21, 2010 6:28pm Feb 21, 2010 6:28pm
Quoting Magix
If we close above the 24sma on the 5m, red line on previous chart, we are back to buying up to 15m resistance.

Right now, I am short on a 1m, but at support on the 5...

No trade 4 this fella.
This is kinda what I was talking about...
Attached Image (click to enlarge)
Click to Enlarge Name: sup.jpg Size: 223 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,935
  • Feb 21, 2010 6:37pm Feb 21, 2010 6:37pm
I have re-evaluated my last comments about standing aside for awhile.

Based on previous P/A and fib #'s I will be looking at shorting again at about 1.5525. I will be looking for price to hold at that resistance point. If it penetrates, I will book the loss and move to short at 1.5582.

Good luck,
BR
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  • #200,936
  • Feb 21, 2010 7:34pm Feb 21, 2010 7:34pm
Quoting Magix
It's like this...

We fell below the 200EMA on the 5m chart, but never had the 24sma close below. We found support on the 24sma on the 1hr chart and are looking to go long.

the 1m chart hasn't quite confirmed the longside play, so it is speculative for continuation but looks promising.

Support and long side indicators in green.

If we hold the 200ema on the 1m chart and the 24sma crosses above, we are confirmed all round and looking for next resistance at the 200ema on the 15m chart.
hi there, u mean Simple or Smoothed by SMA?
  • #200,937
  • Feb 21, 2010 7:38pm Feb 21, 2010 7:38pm
Quoting letscry
hi there, u mean Simple or Smoothed by SMA?
Simple...

Apologies if I am not that detailed here.

I try to keep my trade system at my trade system thread, click Method to my madness below.

As this is a cable thread, I hate to pollute it completely with my diatribe, so try to stick to only what I see
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,938
  • Feb 21, 2010 7:41pm Feb 21, 2010 7:41pm
Quoting Magix
Simple...

Apologies if I am not that detailed here.

I try to keep my trade system at my trade system thread, click Method to my madness below.

As this is a cable thread, I hate to pollute it completely with my diatribe, so try to stick to only what I see
ok ty, i will check it out.
  • #200,939
  • Feb 21, 2010 8:08pm Feb 21, 2010 8:08pm
Critical market moment.

Have exited all trades.

Check all the pairs, maybe u see what I see.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,940
  • Feb 21, 2010 8:20pm Feb 21, 2010 8:20pm
Went long at 1.5482...gonna look for TP at 1.5502...& then maybe up to 1.5550
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