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Cable Update (GBPUSD)

  • #201,901
  • Feb 25, 2010 10:18am Feb 25, 2010 10:18am
Quoting Baby-Trader
Thanks Bro
Let's take a rest and enjoying watching charts
Good job on market forecasting this week. I was looking for the turn that looks like won't happen until probably tomorrow or next week. I've been on the side lines while you've been milking the market. I tip my hat to you sir.
  • #201,902
  • Feb 25, 2010 10:20am Feb 25, 2010 10:20am
Britain economy is actually not better than PIIGS. Be careful.
Quoting Bullfx
Buy GU for long term Fed signalled not to raise rate this year yet.
  • #201,903
  • Feb 25, 2010 10:22am Feb 25, 2010 10:22am
Quoting kill56
hey bro Tbone for u i see one thing all the way to 10 Downing St. all the way south to florida
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #201,904
  • Feb 25, 2010 10:23am Feb 25, 2010 10:23am
Quoting NoNameTrader
Thank you, but i've been through all those classes. I am trading in a demo account. I still think something is missing. Also trying to learn about COT reports. Should I give it some more time?
here is my opinion:
don't play with demo..
demo is real trading without soul..
in demo we miss the biggest part of this game: psychology..
try to open micro account, only with $5 we can play the real thriller game..
Patience + Discipline =
  • #201,905
  • Feb 25, 2010 10:27am Feb 25, 2010 10:27am
Quoting Magix
For the most previous attempt at a long side play, I have posted a few charts to help others understand price action and trigger on trend trades.

http://www.forexfactory.com/showthre...39#post3498739

long? hope you havent taken too many
  • #201,906
  • Feb 25, 2010 10:28am Feb 25, 2010 10:28am
my best indicators are dixy dow gold oil and EURGBP

off corse my chart cant live with out it
  • #201,907
  • Feb 25, 2010 10:31am Feb 25, 2010 10:31am
Quoting kingfisher
Major trend is down. Ultimately bears will win.

But the confusion is when the fib retracement will start- At what level?
Looking at the fact that the down pressure very strong on weekly candle, maybe at Fibo 61.8% ( 1.3500 - 1.7041) --> 1.4870 ( failure support ) where the next major support will be started at 1.5098.
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #201,908
  • Feb 25, 2010 10:33am Feb 25, 2010 10:33am
he is still here
Attached Image
  • #201,909
  • Feb 25, 2010 10:36am Feb 25, 2010 10:36am
Quoting digger1
long? hope you havent taken too many
Digger, surely you know me better than this...

I was referring to the last up candle. Showing the charts and price action.

Confirmation for continuation of trend.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #201,910
  • Edited 10:39am Feb 25, 2010 10:39am | Edited 10:39am
Quoting kill56
here they are god save the queen
lol lol lol lmfao
u gotta see the image to get it
  • #201,911
  • Feb 25, 2010 10:39am Feb 25, 2010 10:39am
Quoting Magix
Digger, surely you know me better than this...

I was referring to the last up candle. Showing the charts and price action.

Confirmation for continuation of trend.

I know bro lol, your 200 ema on the minute chart has been killer all day man , pretty easy picking
  • #201,912
  • Feb 25, 2010 10:40am Feb 25, 2010 10:40am
Quoting jarnapal
Hey
What pivot and resistance indicators are those ?
Those are my fibs
  • #201,913
  • Feb 25, 2010 10:42am Feb 25, 2010 10:42am
london is closed time to relax and scalp

magix what kind of wine u want bro with u steak and how u want it
  • #201,914
  • Feb 25, 2010 10:46am Feb 25, 2010 10:46am
All the market are Selling

Sell GBP/USD

Sell EUR/USD

Sell Gold /USD


Keep selling on Rally
  • #201,915
  • Feb 25, 2010 10:47am Feb 25, 2010 10:47am
Quoting kill56
london is closed time to relax and scalp

magix what kind of wine u want bro with u steak and how u want it
I am typically not a long distance trader...and more on the side of scalping.

I been a bear guy since mid January, and guess what...

I'm starting with some long trades here.
Call it an accumulation, call it speculative, and by no means should anybody be following this.

WE are still a grand long bear chart, but...I'm starting to get that loving feeling.

First long side buys for me, 1.5208.

I am okay with any wine my friend, but my least favorite whine is, "But I've got a headache"!

Ba ZING!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #201,916
  • Feb 25, 2010 10:49am Feb 25, 2010 10:49am
Thinking to buy at 1.5160 levels, if it reaches there. That will be a counter trend trade.
  • #201,917
  • Feb 25, 2010 10:50am Feb 25, 2010 10:50am
for sure now the longs will say
Attached Image
  • #201,918
  • Feb 25, 2010 10:50am Feb 25, 2010 10:50am
That was quick. Very quick fall

Time for fib retracement?
  • #201,919
  • Feb 25, 2010 10:53am Feb 25, 2010 10:53am
Quoting kingfisher
Thinking to buy at 1.5160 levels, if it reaches there. That will be a counter trend trade.

Thank you

I am selling and riding it to you soon
  • #201,920
  • Feb 25, 2010 10:54am Feb 25, 2010 10:54am
Quoting maurofx
Check out the violet trenlines...I'm expecting to see a further drop targeting at least 5150 once the last violet support is broken. Bearish sentiment is all aorund EURUSD too.
Any comments???
G/L to all of you!!
Actual chart...
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