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Cable Update (GBPUSD)

  • #202,141
  • Feb 26, 2010 12:01pm Feb 26, 2010 12:01pm
cancel order @ 5384...., good chart but bad trade...,how stupid i'm can't trade in that perfect situation...,
target this week little miss...,

hope best week for you all...,
I will be the number one Manager.
  • #202,142
  • Feb 26, 2010 12:05pm Feb 26, 2010 12:05pm
java


dont say that good luck next week greeny one i hope

have a great weekend
  • #202,143
  • Feb 26, 2010 12:07pm Feb 26, 2010 12:07pm
May i know , if gbp/usd still in downtrend? becoz i see some post of the senior on this thread that , it will be uptrend...

Or it is just retracement or still downtrend?

thanks
  • #202,144
  • Feb 26, 2010 12:11pm Feb 26, 2010 12:11pm
Quoting digger1
hey magix you want to bump your 200ema up just a little on your 5 minute chart so I can get to my tgt
Heh...

IF only was that easy....

I am still not confirmed 5m long as of yet, a break below 24SMA on 15m is still the sell.

Price seems to be holding on the 1m, will wait for confirmation, might be a little left in this Friday yet.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #202,145
  • Feb 26, 2010 12:19pm Feb 26, 2010 12:19pm
Quoting Magix
Heh...

IF only was that easy....

I am still not confirmed 5m long as of yet, a break below 24SMA on 15m is still the sell.

Price seems to be holding on the 1m, will wait for confirmation, might be a little left in this Friday yet.

lol, I dont have all the charts set up yet , but the 1 minute and the 5 minute with the bands I put on them based on your averages work pretty good for me I have those made up for several pairs and can watch them all at the same time , I have caught several trades in some pairs that I dont normally trade , pretty cool bro
  • #202,146
  • Feb 26, 2010 12:24pm Feb 26, 2010 12:24pm
Any see GU dropping to 1.50?? im hoping it does rally down to there.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #202,147
  • Feb 26, 2010 12:27pm Feb 26, 2010 12:27pm
Quoting pocetong
May i know , if gbp/usd still in downtrend? becoz i see some post of the senior on this thread that , it will be uptrend...

Or it is just retracement or still downtrend?

thanks
Perspective my friend....

The trades, much like the forums are subject to the time frames that we look at.

From the 1 minute up to the monthly, there is a long and short play.

There are some in here who will now buy every spike down, when others will sell every spike up, and in end, depending on the length of hold, all can come out profitable.

I prefer to look at the relevant time frames and base targets on probabilities based on support and resistance ranges. Always watching for confirmation means that I can minimize my loss, and ensure my gains, but this is only one method of trading.

Caution must be exercised in all trades, and money management is still a grand key to success.

As a guess, I would put probabilities of support for a long side trade at 1.531x area. IF the yanks can manage to pull the price up to this line, we stand a chance at sustaining a longer time frame long.

IF we do head to the long side, one thing you can be sure of, MASSIVE whipsaw plays that can leave you shorting a into the longs.

Ultimately, we are still grand scale downtrend, but every time frame will tell you, there is no straight up or down.

Trade well my friend.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #202,148
  • Feb 26, 2010 12:30pm Feb 26, 2010 12:30pm
Quoting bguguen
Any see GU dropping to 1.50?? im hoping it does rally down to there.
http://www.forexfactory.com/showthre...84#post3501584
  • #202,149
  • Feb 26, 2010 12:36pm Feb 26, 2010 12:36pm
Quoting digger1
lol, I dont have all the charts set up yet , but the 1 minute and the 5 minute with the bands I put on them based on your averages work pretty good for me I have those made up for several pairs and can watch them all at the same time , I have caught several trades in some pairs that I dont normally trade , pretty cool bro
Agreed. A lot more fun to be had and money to be made when you have a better idea of true direction and realistic target ranges.

Knowing where we are headed is just as important as knowing where we came from.

I only trade Cable, so I haven't really studied the relations of the same moving averages on the rest of them. I do keep eyes on a few others, but prefer cable and its reactionary points.

For me, just as easy to hammer larger lots on confirmation, take the take and walk away. As the different pairs can play strength in their active sessions, I realize that having eyes on others can take away from the lull....maybe I am stubborn, or have just flat out convinced myself that I really am not that good yet.

>>Shrugs Shoulders<<

At least it's your ATM, ATM.

Always a pleasure Digs!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #202,150
  • Feb 26, 2010 12:40pm Feb 26, 2010 12:40pm
Quoting Baby-Trader
http://www.forexfactory.com/showthre...84#post3501584

Right got it, ill start building up some Longs on Gu then
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #202,151
  • Feb 26, 2010 12:41pm Feb 26, 2010 12:41pm
lets see the close today but still the same nothing changed we are heading south unless we open above 15360 i will think about going long for now scalp is the name of the game
  • #202,152
  • Feb 26, 2010 12:42pm Feb 26, 2010 12:42pm
Quoting Magix
Agreed. A lot more fun to be had and money to be made when you have a better idea of true direction and realistic target ranges.

Knowing where we are headed is just as important as knowing where we came from.

I only trade Cable, so I haven't really studied the relations of the same moving averages on the rest of them. I do keep eyes on a few others, but prefer cable and its reactionary points.

For me, just as easy to hammer larger lots on confirmation, take the take and walk away. As the different pairs can play strength in their active sessions,...
well the idea behind it was to keep track of the usdchf for some what of a view of usd strength which helps me trade the gbpusd, the eurusd is inverse of usdchf as we know , not tick for tick but in more major areas during the day , I have them up and cant help but take a few trades when they get into your averages lol
  • #202,153
  • Feb 26, 2010 12:44pm Feb 26, 2010 12:44pm
Quoting Baby-Trader
Hi All,
I'm flat today in GU & GJ but I'm bullish and waiting to get the best entry.

Good Luck All.
This is why I'm bullish.
I already got a long position but didn't post its call.
Hope you can read this chart.
if not please ask me.
regards.
Attached Image (click to enlarge)
Click to Enlarge Name: guchannel.gif Size: 27 KB
  • #202,154
  • Feb 26, 2010 12:48pm Feb 26, 2010 12:48pm
Quoting Magix
Agreed....
hey wise man did u eat u steak today

a lot to learn bro every day i will go over u tread this weekend
  • #202,155
  • Feb 26, 2010 12:49pm Feb 26, 2010 12:49pm
Quoting digger1
well the idea behind it was to keep track of the usdchf for some what of a view of usd strength which helps me trade the gbpusd, the eurusd is inverse of usdchf as we know , not tick for tick but in more major areas during the day , I have them up and cant help but take a few trades when they get into your averages lol
For shiznitz n gigglez...

I watch USD/CAD. Same deal, inverse of cable movement.

Allowing a better perspective of USD strength for me....

Along with this, I watch EUR/GBP...<-will never play this turd, but when you see what the direction is, and where the strength lies, you can play to the strengths and really capture the gooduns.

I will occasionally throw a few chips down on the EJ roulette table, when I see strength playing to Euro, when both EJ and GU are walking the same direction. Color it a tortoise vs hare strategy.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #202,156
  • Feb 26, 2010 12:51pm Feb 26, 2010 12:51pm
Quoting Baby-Trader
This is why I'm bullish.
I already got a long position but didn't post its call.
Hope you can read this chart.
if not please ask me.
regards.

hey bro how was u day hope it was greeny
  • #202,157
  • Feb 26, 2010 12:51pm Feb 26, 2010 12:51pm
Quoting kill56
hey wise man did u eat u steak today

a lot to learn bro every day i will go over u tread this weekend
I am actually getting a little tired of red meat. The wife loves it, but almost to the point that others might think we are in a contest with mad cow disease to see who can really put away the most amount of cattle.

Don't get me wrong, I will never go Vegetarian or Vegan, those people live on food that my food eats.

>>shudders<<

I think I might have just thrown up a little in my mouth.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #202,158
  • Feb 26, 2010 12:52pm Feb 26, 2010 12:52pm
Quoting bguguen
Right got it, ill start building up some Longs on Gu then
Take care, I may be totally wrong.

Good Luck.
  • #202,159
  • Feb 26, 2010 12:52pm Feb 26, 2010 12:52pm
Quoting Magix
For shiznitz n gigglez...

I watch USD/CAD. Same deal, inverse of cable movement.

Allowing a better perspective of USD strength for me....

Along with this, I watch EUR/GBP...<-will never play this turd, but when you see what the direction is, and where the strength lies, you can play to the strengths and really capture the gooduns.

I will occasionally throw a few chips down on the EJ roulette table, when I see strength playing to Euro, when both EJ and GU are walking the same direction. Color it a tortoise vs hare strategy.
you may already know , trading the usdcad I use the cadyen for an inverse pair, much like the eurusd and the usdchf , havent looked at for a while but it used to be like that magix
  • #202,160
  • Feb 26, 2010 12:54pm Feb 26, 2010 12:54pm
Quoting kill56
hey bro how was u day hope it was greeny
el7amdo lellah bro.

as I said before.
I took a long position near London close.

hope it plays as expected next week.

hope your day is greeny too bro.
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