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Cable Update (GBPUSD)

  • #203,001
  • Mar 2, 2010 6:36pm Mar 2, 2010 6:36pm
Quoting Magix
I go through these a little more in depth at my thread...check here

It is not the perfect way to trade, and yes, for me confirmation is a little laggy, but it does pay nicely.

Many thanks, don't worry mate, I think we both know that there is no perfect system that works all the time, but its always good to have another weapon in the arsenal!

Ant
  • #203,002
  • Mar 2, 2010 6:40pm Mar 2, 2010 6:40pm
Quoting antic81
Many thanks, don't worry mate, I think we both know that there is no perfect system that works all the time, but its always good to have another weapon in the arsenal!

Ant
Given that time is always a factor for traders...

I hope to in my thread have effectively shown that if we lose confirmation, even though we are still likely to prosper from the trade (if playing the trend), you can exit with a minimal loss, not be hostage to your trade, and enter the next set up.

Agree on the arsenal thing. This is my main way of trading, but I still watch for crucial times and trade directions.

Knowing who is doing what, is sometimes as important as knowing where we could go.

This helps gauge the retraces.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,003
  • Mar 2, 2010 6:41pm Mar 2, 2010 6:41pm
Possible scalp to the south side @ 1.5057...NM, change that to at current, 1.5047.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,004
  • Mar 2, 2010 6:42pm Mar 2, 2010 6:42pm
SELL 1.5082
SL= as you like above 1.5100

target 200 pips (or as you want)

chart latter.
I will be the number one Manager.
  • #203,005
  • Mar 2, 2010 6:53pm Mar 2, 2010 6:53pm
Quoting javapips
SELL 1.5082
SL= as you like above 1.5100

target 200 pips (or as you want)

chart latter.

Hey Java,

You are targeting 200 pips?

I have a trend line that could stop you at 100, not a guarantee of course, but just if you hadnt already spotted it! Bit of a messy chart sorry!

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  • #203,006
  • Mar 2, 2010 7:03pm Mar 2, 2010 7:03pm
A couple up, a couple down...

Nap time...

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,007
  • Mar 2, 2010 7:12pm Mar 2, 2010 7:12pm
Quoting Magix
Not sure where you are dude...I was just out for a smoke, that fo sho ain't happening here...

And

I view this as a good thing. Shoveling snow this winter was enough.

Just been reading your thread, really nice stuff there mate, I think I will download a separate MT4 and mirror your set up, mine has got so much crap on it these days that itll just look a mess!

I dont actually trade off MT4, I use a spread betting platform, the good thing is when I am making millions (well a man can dream cant he?) I am not elligable for tax! yay!

So I now all I have to do is make the millions, how hard can it be? haha!

Seriously though, I think you have some great stuff there, and sounds as though you are far more knowlegeable than I on the markets, as I have only been involved for about a year, still yet to blow an account, but on the other hand still sitting on just under break even, so nothing to show for it either, I am improving though, nothing amazing yet, slow game, but hope to get there in the end!
  • #203,008
  • Mar 2, 2010 7:23pm Mar 2, 2010 7:23pm
Quoting antic81
Just been reading your thread, really nice stuff there mate, I think I will download a separate MT4 and mirror your set up, mine has got so much crap on it these days that itll just look a mess!

I dont actually trade off MT4, I use a spread betting platform, the good thing is when I am making millions (well a man can dream cant he?) I am not elligable for tax! yay!

So I now all I have to do is make the millions, how hard can it be? haha!

Seriously though, I think you have some great stuff there, and sounds as though you are far more knowlegeable...

I don't use the meta buy/sell either, I have a separate platform and trigger everything manually.

I would prefer one with better spreads, but, I like the way it is set up, so, I can either find another broker or just STFU...and quit being a whiney little bitch.

I have blown a few accounts. Now, I just try to keep to what works, and only guess the odd one....I am not a robot you know...I like to be all like, calling tops n bottoms too...heh.

Seriously, I added my trading system on request, hope that others take time to read through. IF nothing else, it can help you not get into bad trades.

Feel free to ask questions for what you don't understand, I know this whole charting and new system and reading through my babble can make a person go all cross eyed n stuff, so, if ya don't understand, ask, I will see if I can clear it up for ya. Plz refine the questions to the thread...keep cable free of my system rants.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,009
  • Mar 2, 2010 7:39pm Mar 2, 2010 7:39pm
Quoting antic81
Hey Java,

You are targeting 200 pips?

I have a trend line that could stop you at 100, not a guarantee of course, but just if you hadnt already spotted it! Bit of a messy chart sorry!

Attachment
i've just learn about timing..,so it's a trial ( ) ...,if in 2 hours from now price not get there..forget about 200 or 100 pips...,cancel that order more easy...
I will be the number one Manager.
  • #203,010
  • Mar 2, 2010 7:49pm Mar 2, 2010 7:49pm
Quoting javapips
i've just learn about timing..,so it's a trial ( ) ...,if in 2 hours from now price not get there..forget about 200 or 100 pips...,cancel that order more easy...

Ah...best of luck!

Would be suprised if she moves 200 points during Asia, but never say never!

Good luck!

I am off to the land of nod (sleeping time), up at 07:00 GMT for London open!



Night all!
  • #203,011
  • Mar 2, 2010 7:55pm Mar 2, 2010 7:55pm
Quoting javapips
i've just learn about timing..,so it's a trial ( ) ...,if in 2 hours from now price not get there..forget about 200 or 100 pips...,cancel that order more easy...
hi java

cable broke dp forcefully. I think 200 pips down is a big ask. Trade safe
Thank You
  • #203,012
  • Mar 2, 2010 8:05pm Mar 2, 2010 8:05pm
Quoting javapips
SELL 1.5082
SL= as you like above 1.5100

target 200 pips (or as you want)

chart latter.
Hi Javapips, I'm with you, been waiting for this sucker to fill a previous Hrly divergence pattern but that has now dissipated. I've not much doubt though that price will finally get back there and solidify a base and a larger "pullback". It'll be interesting to see where it goes from there, but I suspect down even further. You??
  • #203,013
  • Mar 2, 2010 8:06pm Mar 2, 2010 8:06pm
Wormboy how goes it? Trust you are trading well! Long? I think from prior posts? Or looking for next short.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #203,014
  • Mar 2, 2010 8:17pm Mar 2, 2010 8:17pm
Quoting antic81
Ah...best of luck!

Would be suprised if she moves 200 points during Asia, but never say never!

Good luck!

I am off to the land of nod (sleeping time), up at 07:00 GMT for London open!



Night all!
I am looking for 202 pips move up.

Good Luck
  • #203,015
  • Mar 2, 2010 8:19pm Mar 2, 2010 8:19pm
Just incase any sellers want to change their mind..
out today...
http://www.imf.org/external/mmedia/v...p?eventID=1718
  • #203,016
  • Mar 2, 2010 8:26pm Mar 2, 2010 8:26pm
Quoting XTrade
Wormboy how goes it? Trust you are trading well! Long? I think from prior posts? Or looking for next short.
Hey X, doing okay buddy. Hope things are good for you

yup holding long, some gains already booked.
Trade details:
1. http://www.forexfactory.com/showpost...postcount=5173
2. http://www.forexfactory.com/showpost...postcount=5174

I'm not looking to short yet. If this long runs out of steam later I will just book all the gains and stay flat for the boe & ecb rates tomorrow & nfp on friday. Else I'll be happy to hold the position till then.
Good luck everyone!
Thank You
  • #203,017
  • Mar 2, 2010 8:54pm Mar 2, 2010 8:54pm
Quoting wormboy
Hey X, doing okay buddy. Hope things are good for you

yup holding long, some gains already booked.
It's been a good ride.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,018
  • Mar 2, 2010 9:22pm Mar 2, 2010 9:22pm
Beware shorting:

Cable rallies on FT article re Prudential deal

Wed, Mar 3 2010, 00:03 GMT
http://www.forexlive.com
An article in the FT is saying that the fall in the Prudential share price since last week may jeopardize the deal to buy AIG's Asian unit. If that were to happen, the hedging which was done for them by a UK clearer on Monday would have to be unwound as would many of the bigger hedge funds short-sterling bets. Cable has jumped from 1.4970 to 1.5030 and this story is definitely worth following.
  • #203,019
  • Mar 2, 2010 9:31pm Mar 2, 2010 9:31pm
Quoting Catch-22
Just incase any sellers want to change their mind..
out today...
http://www.imf.org/external/mmedia/v...p?eventID=1718
Howdie 'catch'; informative link; but I currently see this as a minor 'pullback' and won't change on that till I see a sustained break of 15100. My take is that price will need to put in a more solid base before a strong retrace involving higher level charts. At that point the Monthly may have then put in a bull candle before moving back into the "divergence" that is currently apparent. "Divergences" of course can turn out to be simply a continuation as in the recent H1 chart but we won't know that till we get there. Since there has been no breach of Monday's bear candle in either direction at this point; this puts the current Trend for me still very much down with a minor "pullback" and a high probability of reversing at/around 15100. Just my two cents worth
  • #203,020
  • Edited 9:49pm Mar 2, 2010 9:39pm | Edited 9:49pm
Quoting forexlion
okay buddy i am in with ya
Hi forexlion,

Did you REMEMBER about in my Post #199860 ??

I've got the Elliot Wave Now.
Even Combined Elliot Waves with Semafor Level.

You have provided a valuable Lesson to me.
To try to Learning diligently. I say many Thank's for that.
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Always looking the GREAT, never left GOOD Point...
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